mark francis
Well-Known Member
- Joined
- Jan 15, 2021
- Messages
- 27,691
Shades of Solendra, Batman! One of Obama's most touted success stories. Solendra was one of the most successful of Obama's new business startups, a new billion-dollar industry with investors all over the world showing miraculous rises in stock value for nearly two whole years before the gubmit money ran out, DC politicians sold their shares, and the company went belly up bankrupt."In late July, I visited a steel mill in Gallatin, Kentucky, operated by the company Nucor. During my visit, I watched as the facility churned out massive rolls of low-carbon steel destined for use in renewable infrastructure. Nucor’s stock price has increased nearly five-fold in the last three years, and the day before I visited the company had announced blockbuster profits citing, in large part, all the demand created by businesses racing to take advantage of money flowing from federal spending programs, including and especially the Inflation Reduction Act (IRA).
Kentucky is far from alone. Across the country, the IRA has spurred hundreds of billions of dollars in investment in clean technology. Lithium-ion battery makers are opening factories near auto industry hubs to serve the growing electric vehicle market. Solar manufacturers are setting up shop in red states like Georgia. And old-school oil companies are investing in hydrogen.
“It's a transformation of the economy,” says John Podesta, President Joe Biden’s senior advisor charged with implementing the IRA."
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