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A quarter billion just doesn't buy what it used to

edited June 30 in Other Investing
https://cnbc.com/2025/06/30/solar-stocks-fall-as-trump-bill-taxes-components-from-china.html

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” Tesla CEO Elon Musk posted on X over the weekend. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

What did this guy think would happen? That his money would buy influence? That only works with Middle East countries. He is surely a horrible judge of character. Who does such legislation impact the most? A lot of jobs in clean energy are in places like Texas and Florida. Interestingly, China has been moving more towards clean energy lately. And might end up eating our lunch in this arena, as we pivot to coal. Apparently, in a world hungry for renewables, we are opting to sit this one out.

https://www.nytimes.com/interactive/2025/06/30/climate/china-clean-energy-power.html

Comments

  • edited June 30
    Reuters: 75% of IRA clean energy investments are in red states.

    The absurdity of what they're doing: it's the only "build manufacturing in the U.S." program that is doing anything directly to do so. That objective apparently means nothing to the mob boss and his minions.

    We were losing the race to China already; now we're wiping out the only opportunity we have to catch up.
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