President Biden ignores America's cries and continues to manipulate the market to further his eco terrorist agenda. You're listening to Alaska conservative. I'm your host, Chad law.
Hello, everyone, and let's go, Brandon. I'm Chad law, your host of the last gay conservative, and I'm super excited to be here for our first episode. The whole reason why I got involved in spreading information is because I have been accosted my whole life as a gay man who believes in true conservative politics programs, legislation, I've supported several conservative candidates. And for whatever reason, people believe that I have to be liberal, if I'm gay, and I think a lot of people live in that same box, you know, there's a lot of teachers out there that have to be liberal because they're in education. I think that there's a lot of conservatives that live in these communities, but feel sort of ashamed because of the segregation, and the propaganda that's constantly fed to us by the liberal mob. And so the purpose of this podcast really is to go beyond the Daily News, we take the Daily News, we take events that may have happened yesterday, may have happened last year. And we dive in and look at the how and the why it happened. And we then hopefully gain some tools in order to ensure these sorts of problems don't happen again, and give you some ammunition to fight your own version of the mob. I know many of you are dealing with woke teachers, or crazy liberal neighbors or city government officials that don't want you to water your lawn at certain times, and the list goes on. My job is to make sure that you are on your game, you have the knowledge and you have the wherewithal to go up against the mob, the left the Liberals that will be in your face for the rest of your life. So enough about that, you can read all about my story and what I'm doing here on my website and Alaska conservative.com. But for now, I want to get right into it. As I mentioned, we're talking about how President Biden is manipulating the market today. And when I say manipulating the market, we're talking specifically about the auto and transportation market, and how we're all being impacted significantly by the changes that we've seen since he's been in office. So I was reading, you know, doing my thing, looking at different blogs. And I came to understand and read that President Biden recently, maybe a couple months ago, had a big summit, if you will, at the White House to host America's largest automakers, minus Tesla big slap in the face to Elon. But he invited all of America's biggest automakers, and he wanted to sell them aka demand or mandate that they decrease production on the combustion engine and increase production of electric vehicles like now. And it's not surprising because Biden has always loved to meddle in private enterprise, as a senator, as vice president. And now as a president. I mean, the arrogance on this guy, the self worship is astonishing, that he truly believes he can run a private business better than current leadership. He thinks he's the best CEO. He thinks he's the best senator. He thinks he was the best vice president, and he thinks he's the best president. And he's sadly mistaken on all fronts. His records on all fronts are terrible. But it's not surprising, because he's been a Democrat his whole career for the last 150 years. And he has taken a very serious stance on the typical Democrat belief that they know better than we do. Right. So they know what's best for you and your kids. They know what's best for your job. They know what's best for your house, they know what's best for your car, they know what's best for your medical decisions, they know what's best for your retirement, and the list goes on and on and on. Because in their head, we're stupid. And to me, that's really the defining difference between Republicans and Democrats. Not all Republicans, we know that there are many in name only. But that being said to me, one of the big defining differences between Republicans and Democrats is just that Republicans believe that the American people when they choose choose, right, and Democrats believe that people in general should be controlled and led by a large federal government. And that's why they hate democracy, because that really can't happen if you have a democracy. So not only does the big guy think he's better for private industry, he also thinks the same about governing. And it's just so funny. When I read about his automakers summit, I had to take a step back and say, Are we back in 2008? You know, those of you who remember, in the 2008 recession, GM and Chrysler were hit pretty hard, mainly because they made a really crappy product. Chrysler's fell apart left and right. Chevy's products from the Malibu to the Tahoe were awful from aesthetic standpoint, from a recall standpoint, from a safety standpoint, worst products, they were getting their asses kicked by the Japanese And the Germans. And eventually it caught up the economy hit and their own stupidity led to them essentially crashing. But of course, in his infinite wisdom, Mr. Obama jumped right in, because we know it would add to his power by one of the most power hungry people in the world. And he wanted to save the auto industry. And he wanted to harness all those votes from all those employees that he saved. Well, now we know in actuality, he didn't save very many employees. And his reasoning was a little bit different. The biggest part of it is that he would gain control over America's two largest automakers. What happened was, is that Chrysler actually just took a traditional loan, backed by secured debt that they already had. And GM, however, was so bad and had so much unsecured debt, President Obama and the Democrat managed government, the Department of Treasury essentially became GMs largest shareholder, giving them a lot of control. In the case of Chrysler governmental assistance came in the form of a $4 billion loan from the US Treasury, and Chrysler's pre existing lenders owed 6.9 billion. GM on the other hand, their debt structure was dominated by 27 billion in unsecured public bond debt. How they let that get so far is beyond me. The US Treasury provided GM with a 13 point 4 billion credit facility in December of 2008. This financing was on a senior secured basis with the first lens on many of GMs assets, second liens on the collateral of existing secured lenders. Then, the government advanced GM an additional 6 billion of interim operating credit through secured loans bringing the total bailout to $19.4 billion. So 19 point 4 billion to GM, who is failing, by the way in its own industry, which is making automobiles and by the way, those stats come from the Department of Treasury exactly how they were. But backing up a little bit, the Almighty Obama, or what we should say, oh, Biden, but the almighty Obama had this quest to save the planet through green technology. Remember, he loved cap and trade to cap and trade was the big Obama boondoggle, but he pushed GM as their largest shareholder to develop a new hybrid product. Now this is after he removed most of the senior leadership and tapped his own that he wanted to be there handing out senior leadership jobs and board positions to previous Democrat, politicians and generous benefactors to his campaigns. But once he had the team in place that would listen to everything he said, he pushed and pushed and pushed, or a new hybrid electric type vehicle. And lo and behold, shortly after that, we came about the Chevy Volt. You speak to anyone in the auto industry, from expert to people who own dealerships, etc. They will all agree that the Chevy Volt was probably one of the worst vehicles ever made, ever developed, ever tested, ever made. Bad technology, bad esthetic, bad retail value, bad resale value, all of it. This car is hideous, and it is a terrible example of green technology. To me, I would rather have an AMC Gremlin, or a Ford Pinto. Before getting into a Chevy Volt. There's a study on actually the volt and GM and America's sort of reaction to government incentives for electric and hybrid vehicles. And it talks about this. And basically what it says is Obama's goal was singular, volt volt volt, GM had accelerated the production of the volt, believing that its sales would increase as the government continued to incentivize the purchase of electric vehicles. Those incentives supported by Barack Obama stated the goal that the US again for Brock Obama's legacy would become the first country in the world to have 1 million electric vehicles on the road by 2015. Despite tons of incentives in place, and California getting the carpool sticker etc. We didn't even come close to the 1 million mark, we're still not close. But again, Obama, using his authority as president and the largest shareholder of GM wanted to manipulate the market through production. So he tells GM gets involved sits down with the CEO, and he says, I want you to purposely slow down production on the less green cars, the Tahoe is the Silverados, the Yukons, etc. And I want you to increase production on the volt and the greener cars and hybrid technology. Essentially, what he's doing is is creating a deficit of product that people want, and then flooding the market with a product that people don't want. Okay. And the issue there is that the car was pushed forward so fast, that all the focus turned on one car, all the marketing dollars, everything focused on one car. Well, people were trying to buy the cars that sell what Chevy is known for, in the middle of a recession, where people's jobs are at stake, where we're supposedly bailing out a company to help people's jobs and to help the company continue and pump into the economy. You then decrease production on what sells. That is how egotistical these people aren't. That is like Obama to a tee, he would rather people not buy SUVs than have a car. He'd rather SUVs not be available to force people into driving a volt, in a time where GM needed every single sale that it could get immediately. These cars, the bolts had nothing, nothing right about them, to the point where they literally started exploding all over the place. I mean, I'm not even joking. It is so scary. What you can see if you go online, do a little Google search and say volt explosions. It's crazy to see. And then here I am at the gym the other day, and I look up at the TV. And then Bloomberg, there's some you know, financial analyst talking about the future of GM, and the future of their stock performance. And one of the big focuses was the fact that they finally came up with a solution to the explosion problem. The volt launched in 2010. The first recorded explosion was in 2011. And they're just now finding solutions to the explosion problem. 11 years later, you got to be kidding me. And people are cheering on and thinking this is going to help the stock price, at what cost, helping the stock price at what cost 11 years of explosions on the road. I mean, give me a break. This is the reason why we pay for the government's involvement in private enterprise for years after they meddle in corporate America. Any product that has been pushed, paid for or promoted by the government has backfired so much on the American people that you can't even say anything else other than the fact that it's a result of the government meddling in private enterprise. It makes me so frustrated because for people who don't do what I do, or the many other experts out there, people who just listen to the TV commercials and CNN, and all of them being headpieces for Obama at the time now Biden, they go out and make these decisions, consumers make these decisions thinking that a brand like GM can be trusted. And honestly, even though they made really crappy products, which got them in the hole that they were in to begin with, we could still trust them making combustion engines, none other cars were exploding before Obama got involved. And Biden loves to take credit for it. By the way, at each debate with Donald Trump, he
said, I say, the auto industry with President Obama,
he did nothing. Okay, he sat in the VPS office and probably filed his nails and ate his cereal and did nothing. Now, what we know is the cars coming out of other manufacturers now, the bolt was kind of the peak, but the government's support of these companies continued. But what we understand now is that the electric vehicles coming not based on demand, but based on these crazy government involvement are coming out very, very flawed. I don't trust them. I don't see how companies like GM, Chrysler, FIA Ford, who have spent the last century perfecting studying learning and engineering the combustion engine. Now all of a sudden, our electric car brands, they're committed to be all electric by 2025. How is that possible? How is that possible? without there being some serious mistakes? Not to mention, how much testing have we done? How many long term tests and studies have we done regarding the safety and the quality of these electric vehicles? Other than with Tesla, and the o