boomboomsroom

How far down the rabbit hole are you willing to go?

1.   Spain’s government mandated a minimum 80-degree setting on all home air conditioning units as the transition to green power hasn’t kept up with demand.
2.   Ukraine’s richer by $50 billion thanks to the generosity of America.  Zelenskyy is so appreciative of this gesture that he took time away from posing for the Vogue cover to reach out to China to have them bid on the rebuild after the war that is or isn’t a war.
3. China is so concerned about the effect of burning fossil fuels that official plans call for boosting coal production capacity by 300 million tons this year. That is equal to 7% of last year’s output of 4.1 billion tons, which was an increase of 5.7% over 2020.  All of the windmills in the world matter not if China and India don’t comply.
4.  It seems like they disagree with then-President Barack Obama who lectured us that “climate change was no longer a debate, it’s fact.”  He’s is right though.  The climate has been changing for hundreds of millions of years.
5.  All of this paves the way for the Inflation Reduction Act, which gives away over a quarter of trillion dollars to green companies and green-leaning pet projects.  Never let capitalism get in the way of a government, er, political handout.
6.  All of the green handouts, capitalism, and the Inflation Reduction Act collided yesterday.  The Inflation Reduction Act, the major climate bill, was signed this week, continuing the EV purchase $7500 tax credit but only those assembled in North America qualify.  Capitalism stepped in and GM and Ford raised the prices of certain electric models by $6,000 to $8,500, roughly matching the $7,500 tax credit introduced under the inflation bill.  We think that’s called a zero-sum game.
7. Thirty-one models qualify, but the government’s process to qualify is tricky and the timing is trickier due to quotas.  The “must have” is that at a minimum “final assembly” must occur stateside.  Could this be as simple as screwing on the gas tank cap to qualify?  Wait.
8. Actually the only thing this screws is the gas combustion car manufacturing business.  Oh, and the big, bad oil business as well.
9. If you obsoleted much of the need for oil (good luck) you’d certainly harm the economy in Texas, Alaska, North Dakota, South Dakota, Louisiana, and Oklahoma to name a few.  What do all of these states have in common?  Hint- It’s not abortion rights, er, woman’s reproductive health.  Think red.
10. Who wins when wind wins?  Hint-It’s not states that have or will abort abortions.  Think blue.
11. At least we seem to be winning across the 50 united vs. that pesky pandemic.  Two vax’s and two boosters did the trick.  How?  We don’t need to revisit government political theater handouts and capitalism do we?
12. Although the military is still requiring all of the jabs or you’re discharged from it for refusing.  Masking will be mandatory for Philadelphia students for the first 10 days of the upcoming school year that starts on Aug. 29, after which it will be “optional but strongly encouraged.”  We have to guess that the disease can only count to ten just like many students.  Make it make sense.
13. Meanwhile, the CDC Director weighed in, “In our big moment, our performance did not reliably meet expectations.” Dr. Rochelle Walensky said this and more in a statement to the media yesterday that goes on to recommend CDC changes.

We’re so far down the rabbit hole that Bugs Bunny just asked Dr. Rochelle, “ah, what’s up doc?”