The latest example of this is being largely passed over by the media.
During the 2012 presidential debates, Mitt Romney landed some solid punches against Barack Obama, even though he ultimately couldn’t reel in the presidency. While many have focused on how he’s been vindicated on topics like his warning about Russia, he also got it right when it came to the Obama Administration’s picking of winners and losers. For a long time, supporters of the 44th President of the United States tried hard to ignore the abject failure of Fisker and Solyndra, choosing instead to celebrate Tesla’s success. Many enthusiastically purchased a Model S or Model X and revered Elon Musk. In case you haven’t noticed, leaders in Washington, D.C. have done a sudden about-face on Musk and Tesla fairly recently.
The most recent example of this souring attitude comes via the $430 billion drugs and climate change bill Joe Manchin has agreed to after months of wrangling with Chuck Schumer. While spending our way out of inflation is absolute insanity, what really caught my eye was the electric vehicle tax credit.
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