Climate change policies war on America’s living standards
By Peter Murphy |July 31st, 2023
President Joe Biden has been talking up the economy lately by extolling “Bidenomics” as a prelude to his re-election messaging. Price inflation has slowed, unemployment remains low, and the massive stock market decline has inched up for the moment. But his administration’s climate polices are forging ahead and threaten to exacerbate his already dubious economic claims.
Policies imposed by the Biden administration to combat “climate change” come down to raising the price of oil, gas and coal to make pseudo-renewal energy more economically competitive. Since day one, the president has canceled pipelines and slow-walked leases on federal lands and off-shore to drill for oil. He also is imposing new regulations to further reduce emission standards on new gasoline vehicles and increase efficiency standards on household appliances, including washing machines and water heaters, and curtailing gas stoves.
Tighter auto emissions will raise the cost to manufacture and sell gasoline vehicles, and thereby force the “transition” to still more expensive electric vehicles. Supposedly more efficient appliances will necessitate more energy use and higher consumer expense.
https://www.cfact.org/2023/07/31/climate-change-policies-war-on-americas-living-standards/
