Drudge Retort: The Other Side of the News

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GalaxiePete

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Tuesday, November 26, 2024

President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable. read more


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#3 | Posted by MSgt

I kind of agree by that I mean people were upset about the costs of everything. This is the nonsense that shows the average American is clueless. So much of this is out of government control. It had little to nothing to do with money pumped in by the government. The whole this is so complex. Some of the main drivers:

1. COVID period. The economic costs of just the illness are massive.
2. Chronic goods shortages driven by China's extended lockdowns. This drove up the price of virtually all goods.
3. Mass knee jerk cancellations of orders by automakers of chips.
4. The high price of beef due to climate change impacting feed.
5. Avian Flu's impact on poultry farming driving up eggs and chicken.
6. Massive floods multiple years in prime farming areas of the Midwest.
7. Corporate price gouging. Record profits in the face of all these challenges. AKA Greedflation
8. All this is driving sky high insurance.

As for fuel prices - they are NOT high. I mean at the end of Trump's first term they were low because oil prices were negative and there was no demand. Biden was providing leases to American companies. The deal with them though was they had to be used. You couldn't buy them and sit on them as they did in the past. You also had Russia start a war that drove up the price of oil and we are still seeing the impact of. ALL that and I just paid the least I have paid for gas since the very beginning of COVID. A good deal of that is due to the increasing popularity of EVs - and yes sales are up significantly again in the US but massively up globally.

You can't have it both ways. You can't cry "socialism" or "communism" says Dems are anti-capitalism and be against corporations doing what they are designed to do by the current right wing take on shareholder capitalism. Can you imagine the outrage if the government put a cap on prices charged by companies?

I am so over the idiotic talking out of the side of your mouth hypocrisy.

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