Not long ago, President Joe Biden promised to transform the American auto industry—”first with carrots, now with sticks,” is the analogy The Washington Post used.
Now, I don’t know about you, but I’m not sure I’d trust the president to drive my car much less dictate the future of industrial policy. Yet, Biden implemented draconian emissions limits for all vehicles to ensure that within nine years, 67% of all new passenger cars and trucks will be electric.
In the old days, a centralized state controlling manufacturing and commerce, production, prices, wages, and conditions in our biggest sectors would be called “fascist.” Today, we simply refer to it as the Green New Deal.
And, after forcing automakers to build more substandard, technologically regressive, overpriced, and unpopular electric cars, Biden now has slapped enormous tariffs on imports, not…
