The Homa Files

“If high gas prices bother you, get an electric car.”
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In a prior post, we opined that Biden administration policies have obsoleted the Dem’s push for a $15 minimum wage.

How?

Well,  the current labor shortage — largely induced by Biden’s ““Stay home, get paid” programs — has pushed nominal wages up.

Of course, inflation-adjusted “real” wages are down … but, in Bidenomics, that’s just a technical detail.

And, we pointed out that Biden’s promise to use the Infrastructure Bill to create “thousands of $45 per hour union jobs with good benefits (i,.e. paying about $100,000 annually … plus overtime and fringe benefits) makes $15 per hour sound “so yesterday”.

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High gas prices: A blessing in disguise?

Today, let’s shift attention to sky-rocketing gas prices … and Biden’s “what me worry” attitude towards something that the vast majority of Americans consider an economic crisis.

The Dem’s narrative: Certainly not Joe’s fault, and there’s nothing he can do about it since OPEC won’t cooperate.

Of course that’s silly.

Biden declared war on gasoline (and natural gas) … terminating the XL pipeline project, halting drilling on government lands, and hassling frackers.

With the stroke of his ever-ready Executive Order pen, he can reverse the policies that he unilaterally executed.  Gas prices would tumble and the effect would quickly spread through the economy.

He can reinstate XL, reopen Federal lands to drilling and extend an olive branch the energy companies.

But, of course, that would incite one of his biggest constituencies: the climate control devotees.

To appease them, he has to pour more billions of dollars down green energy rabbit holes and boost the price of gas.

The old school thinking on the latter: Hike taxes on gas to depress demand.

The new school thinking: Ride the tide of “unavoidable” inflation at the pump.

Maybe then, people will finally get the idea:

Biden’s mouthpieces have finally said what their thinking — out loud:

During a recent press conference, “White House press secretary Jen Psaki argued that higher gasoline prices, highlight the need for a rapid transition to clean energy.” Source

Or, as Energy Secretary Granholm said more clearly: “You know, if you drive an electric car, this would not be affecting you.” Source

In other words: “If high gas prices bother you, get an electric car.”

Just like the $15 minimum wage, when it comes to Biden’s climate agenda, gas taxes are “so yesterday”.

Just shut a few pipelines, stop drilling and don’t push OPEC too hard.

Same outcome as higher gas taxes, with plausible deniability.

This entry was posted on November 17, 2021 at 7:35 am and is filed under Bidenomics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.