Over a year and a half into his Presidency, Joe Biden and Democrats were staring down the barrel at a total disaster.
But with the so-called “Inflation Reduction Act” they claimed they had scored a “big win” for both Democrats and the American people.
The only problem is Joe Biden’s “big win” just turned into another failure thanks to Democrats’ left-wing extremism.
Democrats’ so-called “Inflation Reduction Act,” like most of the words and terms Democrats use, actually means the exact opposite of what they claim.
You see, the “Inflation Reduction Act” is actually a massive “climate change” bill with a few hundred billion for “health care” sprinkled in, despite being disguised as a bill that actually addresses inflation.
Of the more than $700 billion in new spending Democrats created out of thin air for this bill — the exact tactic that caused skyrocketing inflation in the first place — a whopping $369 billion, or more than half of the bill’s total cost, goes to “climate change.”
As far as Democrats are concerned, though, pushing expensive new electric vehicles on Americans who can’t afford them is far more important than cutting taxes and/or spending, or literally anything else that will give Americans relief from the Biden recession.
That’s why they’ve touted their $7,500 tax credit for the purchase of a new electric vehicle while ignoring all the massive tax increases, hiring of 87,000 additional IRS agents, left-wing handouts, and the like, buried inside the bill.
The entire Biden administration, every Democrat in Congress, and their loyal lapdogs in the corporate-controlled media have all rallied around the idea that this tax credit would magically speed up Americans’ transition to electric vehicles by making them more affordable.
But offering a $7,500 tax credit on a product that has an average cost of $66,000, everyday Americans, who make roughly $52,000 on average nationally — or $6,500 less than the average cost for an electric vehicle after Democrats’ tax credit — you can see how things might not work out the way Democrats think.
Of course, that $66,000 average cost for an electric vehicle was before Democrats passed the so-called “Inflation Reduction Act.”
And before the true effects of the rest of President Biden and Democrats’ “big win” were able to start taking hold.
Now, General Motors and Ford have made announcements that prove Democrats’ worst enemy in their fight for electric vehicles is Democrats.
On the heels of the so-called “Inflation Reduction Act,” both General Motors and Ford announced major price increases on their electric vehicle lineup.
Ford announced that they will be increasing prices on each of the electric vehicles they produce by $6,000 to $8,000, totally wiping out the supposed savings from Democrats’ tax credit and not having to pay Biden’s sky-high gas prices.
Their new F-150 Lightning Pro specifically, which hasn’t even started production in their Mexico factory — yes, they’re built in Mexico thanks to Democrats’ policies — will see its price increase by $7,000.
For their part, General Motors also announced that they would increase the price by $6,250 despite the fact that the vehicle already carried a price tag north of $105,000.
The auto manufacturers blamed supply chain issues, significant material costs, and “other factors,” in making their announcements.
But that shouldn’t come as a surprise to anyone who’s been paying attention.
Rising costs for every product under the sun and supply chain issues have proven to be a natural byproduct of the Left’s radical agenda, as the Biden Presidency has displayed from the start.
At the same time, the cost of electric vehicles specifically are being kept artificially high by radical left-wing environmentalism.
Outside of Bidenflation, the number one driver of electric vehicle costs is the massive price tag for the lithium batteries that power them.
Currently, there is only one lithium mine in the entire United States, despite the fact that — much like oil — it is literally everywhere and could be a booming industry for struggling communities across the nation.
And that is solely because radical left-wing environmentalists are currently blocking every single proposed new lithium mine from becoming a reality.
They’re literally demanding Americans buy electric vehicles to save the environment by artificially jacking up gas prices with their environmental extremism, while they artificially jack up the price on electric vehicles with their environmental extremism.
Couple that with the Biden supply chain crisis, Bidenflation, and the massive tax increases on corporations Biden and Democrats packed into the so-called “Inflation Reduction Act,” and it’s easy to see why prices for electric vehicles are skyrocketing.
Even in Democrats’ left-wing environmental fantasy world where every American buys electric vehicles, their Big Government policies still drive up costs so only elites like them can afford them, while stifling innovation that could also lower costs.
America could lead the world in all energy production, truly become energy independent, and significantly lower costs for taxpayers across the board.
But Democrats simply refuse to get out of the way.
And every American now has to pay the price.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.