[ April 23, 2024 ]
Biden is a wrecking ball.
Head of major U.S. bank: Biden’s EV addiction could hurt national security
‘We cannot cede … to another country’
By: WND Staff, April 5, 2023:
Story continues below advertisementThe head of one of America’s largest financial institutions, Chase Bank, says the electric vehicle ideology being pursued by the Joe Biden administration could be dangerous.
In fact, according to Jamie Dimon, such moves could imperil national security.
In a report from Just the News, it explained how Dimon’s comments came in the company’s 2022 annual report.
The top Democrat Party donor says he has concerns about Biden’s agenda.
“China … and its economic muscle to dominate batteries, rare earths, semiconductors or EVs, could eventually imperil national security by disrupting our access to these products and materials,” Dimon explained in the company’s 2022 report.
“We cannot cede these important resources and capabilities to another country.”
The Biden administration and others have admitted the U.S. needs to move to a position of being less dependent on China’s battery and semiconductor industries.
But analysts point out independence on such issues remains “far away.”
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18 Comments
1 year ago
Bidens EV addiction will bankrupt the automobile industry. Billions are being lost by American auto companies trying to manufacture and sell these turkeys. They are not selling, and they do not live up to corporate hype on mileage. They only reason some are being sold results from the massive government subsidies for them.
1 year ago
Reply to
whirlwinder
Capitalism is a system that is not supposed to be supported by corrupt insider trader pols who do not care about what they sell just how much money they can make.
1 year ago
Reply to
whirlwinder
To say nothing of the electrical INFRASTRUCTURE and generation needed
1 year ago
It is well known that joe and his family are owned by ccp. Why does the House not look into this at the same time when they are looking into the soros paid witch hunt against DJT with fat alvin bragg?
1 year ago
Reply to
turtlebrat
They are trying but are being stonewalled at every turn by the corrupt leftist DOJ
1 year ago
When it comes to electric vehicles it is a lot more than national security issues. Here are some other issues with electric vehicles. One of the issues is the fact that a large increase in electric vehicles will result in a large increase in the demand for electricity to charge these vehicles. As a result more power plants and generating stations that burn oil and natural gas will need to be built. Also even the best travel range of electric vehicles is far less than gasoline powered vehicles and charging these electric vehicles can take a long time depending on the type of charger available, where as a gasoline tank can be filled in minutes. Also it is much harder and takes a lot more water for the Fire Department to extinguish an electric vehicle battery fire than it does to extinguish a gasoline vehicle fire.
1 year ago
Reply to
David Grisez
Right now, we don’t have the electric infrastructure to support peak summertime air conditioning demand, and hence the rolling brownouts and cries by the electric companies to keep thermostats at 85 degrees so as not to lose power. If everyone had an electric car, there would be a minimum 30% increase in electric demand. All the hydropower sites are used and there is extreme opposition to going nuclear. So as you say, oil, gas and possibly coal will power this increased demand. Then there is the problem of transmission. All of our transmission wires are already operating at capacity. The politicians and those advising them have not thought this through.
1 year ago
Reply to
Robert
What of the people who don’t own their home -:,where ya going to charge the damn thing?
D
1 year ago
One does not need to be a meteorologist to tell which way the wind blows, and one does not need to be the head of a major US bank to tell us that EVs harm national security and are technological turkeys.
1 year ago
Peking Biden is owned by China. Undermining America is top of their agenda.
D
1 year ago
Head of Major U.S. Bank: Biden’s EV Addiction Could Hurt National Security
COULD hurt ?!?!?! BiDUMB and his puppeteers have DESTROYED national security as well as the nation.
1 year ago
Nothing in politics is coincidence or “unintended” consequences. Nothing!
This is a deliberate take down of the USA. It must be assumed to be intentional.
D
1 year ago
“Could Hurt”………Fasten your seat belt, and pull it tight. The consequences of the actions of this corrupt bunch is just starting.
D
1 year ago
These America-destroyers must be removed!
1 year ago
Beijing Biden has been placed where he is to do EXACTLY what he’s doing which is to remove this country as the world’s last bastion of freedom – although as of present I don’t know what freedom stands for anymore – just as psycho soros stated ” America is the last impediment to world stability ‘ Who’s indicting orange man? A soros owned/financed leftist demo-rat DA – The point is to remove Americas influence on the world stage – By any and all means availible..
1 year ago
I roll down my window and laugh at the people waiting in line to charge their Teslas. Nothing against Elon, but the technology is not quite for prime time.
1 year ago
Battery powered vehicles will save the earth from drowning in rising seas and carbon dioxide melting of the ice poles. Their super high efficiency will actual promote better power distribution. When they are all hooked up to homes they can power everything without any need for external power. The motors are built with steel and copper that will benefit all the mining companies. The lithium and nickle will be produced in huge quantities at almost 0 cost. The luxury vehicles will be purchased enthusiasticly by the California recipients of repatriations. It will be a fairy dust utopia!
