Summary
Transcript
People are starting to call these encampments and they’re starting to get big encampments. And it’s not just in California, it’s in other states as well. Sedona, Arizona. That’s on Route 66. That’s even in the song King Cole. Sedona, Arizona, I think. But anyway, it’s. We’re starting to go back to the Dust Bowl, I guess, is where we’re headed with all this stuff. Headed back to Hooverville’s. That’s what they reference in this epoch Times headline.
Automobile. Bidenville’s the new shanty towns amid us housing affordability crisis. When people couldn’t afford housing during the Great Depression, they built shantytowns from scrap construction supplies and they named them Hoovervilles after then President Herbert Hoover. Today, Americans increasingly live out of their cars because they can’t afford housing. If history is any guide, will the parking lots full of Americans soon be known as Bidenville’s? But while this is happening, California can afford to put 500 spy cameras, high tech cameras.
Not going to be cheap in one city. But, you know, we got to have some more taxes from you so we can have these so you can live out of your car. The problem has gotten so bad that Sedona, Arizona recently set aside a parking lot exclusively for these homeless workers. The city is even installing toilets and showers for the new occupants. Isn’t that kind of them? Yeah.
The government is always there to help us, you know. Sorry. You know, we have, we have messed up everything by design to the extent that you can’t afford a home. But don’t worry, we’re there for you because it’s one thing we know about and that’s toilets, because we’re always slinging that stuff ourselves. The average home in the city sells for $930,000. That’s the average. While most of the housing available for rent is not apartments, but luxury homes targeted at wealthy people on vacation.
I don’t know what, what the thing is about that area. I don’t know anything about Arizona. I guess Route 66 is not the attraction anymore. They’ve shut that down. With such a shortage of middle class housing and with starter homes essentially non existent, low and even middle income blue collar workers have nowhere to go at night but their back seat. Very much like America’s Great Depression in the 1930s, this marks a serious regression of our national standard of living.
Shantytowns were not prevalent in the 1920s, but or in the 1910s. Nor were there were they around in the panic of 1907, which set off one of the worst recessions in american history. But Americans in the Great Depression face such a cost of living crisis by the time they got to the 1930s that many were forced to accept a standard of living below what their parents and even their grandparents had.
What they don’t talk about is the fact that this was the last fourth turning, the Great Depression, people living in shantytowns and people living in their cars. And we didn’t see that happening in the 1920s, the 1910s, the 19 aughts. We saw it happen in the 1930s, when the Great Depression was happening, when you had the fourth turning that was going on there. And so fast forward 80 to 90 years, and here we are.
Countless families are in the same boat. Many young people today don’t think they’ll ever be able to achieve the american dream of homeownership their parents and grandparents achieved. We have the worst inflation of 40 years, rising interest rates, a collapse of real earnings, a real step backwards financially, because every. Every fourth turning is accompanied, always accompanied by massive economic unrest. Good news is this too will pass. It is a cycle.
Question is, what are they going to put in place afterwards? That’s for you and I to have something to say about it right now, because they’re in the midst of it, and we can still affect this. The housing problem is not limited to wealthy towns in Arizona, however, it is systemic. The monthly mortgage payments on a median price home have doubled since January of 2021. Rents are at record highs.
Like the Great Depression, this disaster stems from bad public policy. I remember when everything got locked down, and you remember it created all this, you know, log jams and. And broken supply chains, and people were destroying milk and vegetables and potatoes on their farms because they couldn’t get them to market. You had everybody running out of toilet paper because all the institutions that people worked at or restaurants that they ate at were closed, and they only had toilet paper in certain formats so they could get to those places.
It put such a shock through the system, and it happened overnight. And all of a sudden, when we had these two weeks to flatten the curve, and those two weeks, I remember talking about what happened to the unemployment numbers and comparing them to what happened with the Great Depression. I said, you had the stock market crash in 1929, but it took a while until the early 1930s before the.
The unemployment rate really shot sky high. At first, the shock was to people on Wall street, and they’re jumping out of the windows and things like that. But, you know, then it took a while for it to percolate through with everything, but I said, because Trump shut this down by fiat, by dictate, we immediately achieved numbers that were greater than they were in. In the 1930s, at the peak of the Great Depression, we got an instantaneous unemployment rate that exceeded the Great Depression.
Of course, the good news about it was that they started pulling back with that, but that was the net result of that and just underscores how devastating it can be to have a dictatorship like the Trump administration and followed up by the Biden administration. The presidency, folks, is the problem. It is not the solution. Our vision of the presidency, of being all powerful and being able to do anything with an executive order, that is the problem.
And it isn’t going to be solved by either of these two clowns who have used that. It’s not going to be solved by RFK junior either, not anybody who’s running for president. And it’s not going to be solved by the partisan hacks that populate the rank and file of the Democrat and the republican party because they have completely bought into this myth of the omnipotent president, this godlike dictator that’s going to turn into that has already turned.
Both of these guys have had their boromir moments since rent and virtually all other prices have risen so much faster than incomes over the past three years. Even renting is unaffordable today. They make it three years because they don’t want to include 2020 because that was Trump, you see, and they all do this. This is a zero hedge that’s doing it. They’ve turned into, unfortunately, Trump cheerleaders as well.
Even renting is unaffordable today. So many people have to go into debt to keep a roof over their head. And for some, that’s a car roof. Hoover certainly deserved some blame for the Great Depression, by the way, this is not, this is on zero hedge, but it’s the epoch times. They’ve always been Trump cheerleaders. So they said that Hoover deserved blame for it. That’s right. Isn’t it funny? You know, he wasn’t the only one.
They point out that it was progressives of both parties in Congress that said, oh, the government can fix this, we’ll do this, we’ll do that. Let’s have more government. That’s the solution, to have even more government. So, yeah, the blame was for all of Congress as well as for the president. But who do they attribute it to? Hoover. Why? Because he is the president. He’s got the most.
He is supposed to be leading. And if he’s not leading, if he’s letting other people lead. If he is doing the wrong thing or just being passive, like we keep saying, well, poor Trump, he just deceived all these people that he hired. All these people were just really bad and they used him, poor thing. No, it’s his fault if he was passive, ineffective, or if it was his policy, we always attributed to them.
We attribute it to Hoover. We attribute it to Obama. We attribute it to Biden. We don’t attribute it to Trump, though, do we? Not if you’re conservative, you know. So similarly, President Joe Biden deserves blame for constantly advocating runaway government spending. Today’s multi trillion dollar deficits are also made possible by the big spenders in Congress who come from both parties. If this bipartisan prodigality of Washington continues, Bidenville’s will only become more widespread as the housing affordability crisis worsens.
So again, well, this was originally, originally from the Washington Times, picked up by the epoch times, then picked up by zero hedgehog. And they will not attribute any Congress. Both parties of Congress are to blame. Biden is to blame, but not Trump. Yeah, the immaculate perception is what they’re selling. You behind the EV push. A wealth transfer from red to blue regions. Now, we already know this person is deeply missing any context because they’re already couching things in terms of red and blue.
Another article from the Epoch Times, another article that is on zero hedge. President Biden’s new EV mandates will likely prove to be a sizable wealth transfer from rural regions of America to urban sections. I’m going to skip the color designation. This is just too much like professional wrestling and collegiate or professional sports. I’m just sick of red and blue. I really am. March 20. The EPA finalizes tailpipe emission rules for the auto industry to begin in just three years, 2027.
We’re only three years away from the fact that they are going to demand that one third of new car sales be plug in electric vehicles in three years, and that two thirds of them will be by 2032. This is a dramatic increase from current EV sales. I guess we’ve got our five and our 55. This would be one third and three. Why don’t they come up with that? Do they need my help for a catchy slogan? And maybe they don’t want you to think of it that way.
One third of the cars in three years, gone. This isn’t industrial policy, said an energy analyst, Robert Bryce. In reality, it’s a type of class warfare that will prevent low and middle income consumers from being able to afford new cars. Yes, yes. And what is the basis for this? Well, it was this climate treaty that we had that was never ratified by Senate. John Kerry self ratified it.
He said, obama and I are going to ratify this. And Trump left it in his entire four years. Biden, you know, right after the election. Oh, yeah. Okay, I’ll get rid of it. And then it’s brought right back in. So it’s a kind of class warfare, keep you from being able to afford a new car, but I guess you’ll still be able to use it for a while as a broken down, non running shelter.
You just have to find somebody’s lawn to park it on, I guess. The report states that the average model year, 2021 EV would cost $48,698 more to own, almost $50,000 more to own over a ten year period. If you didn’t have $22 billion in government subsidies and favors given to the people who buy it and the people who make it, this $50,000 for the extra for the car.
I mean, you look at how expensive they are. Ten, $20,000 more expensive than internal combustion engines. Even with all the needless complications put on these internal combustion engines by the EPA, they’re still ten to $20,000 more expensive. And the manufacturers are still losing money. So they got to have massive subsidies, another $50,000 per car. This is what happens when the government does central planning. And you got to ask yourself, what is the objective here? Because it is not the Macguffin.
That is not the objective. The Macguffin is just the thing that motivates people. Oh, CO2. Oh, we got to get rid. No, that’s not what it is. It’s about getting rid of the car. It’s about getting rid of you. It’s about getting rid of your liberty. These dollars do not take into account the additional dollars that gas car owners will likely pay for their vehicles as the manufacturers are forced to make fewer of them.
And of course, they’ll put some, some of this will be offset with some taxes on people who buy an internal combustion engine that runs off of fuel. The new EPA mandate is aimed, quote, at accommodating a very narrow segment of the auto buying public. Wealthy white Democrats who live in a handful of liberal communities, said Bryce, who is the analyst they’re quoting here. EV ownership is largely defined by class, by ideology, and by geography.
And I think this is what is interesting about this article, is how the profile breaks down demographically and geographically of the EV buyer. And a February analysis of EV buyers, he said 50 57% of them earn more than $100,000 annually. 75% are male, 87% are white. Additionally, EV buyers are overwhelmingly democrats, with 71% of Republicans saying in a Gallup poll that they would not consider owning an electric vehicle.
Maybe that’s one of the reasons why Musk is reaching out to conservatives, right? He’s always been the central PT barnum of the EV industry and he became the world’s richest man doing that. Is he there to get your trust? Social trust? Him, you know, is he playing 40 chess like Trump did? One third of EV buyers live in California. If you count all the EV’s in North Dakota, South Dakota, Wyoming, Mississippi, West Virginia, Alabama, Montana, Idaho, they account for less than 1% of the total us sales.
Ironically, Biden is the worst thing that ever happened to this industry, said one of them. Ev’s have become Biden cars. So a number of Democrat controlled states, California, Maryland, Massachusetts, New York, Oregon, Vermont, Washington, are on track to ban the sale of gas powered cars and trucks, new ones by 2035. The David Knight show is a critical thinking super spreader. If youve been exposed to logic by listening to the David Knight show, please do your part and try not to spread it.
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