Apparently you have not seen Asia which is going the EV way. I am not talking about plastic. I am talking about EV. The energy part in EV.
Gifted economy to start with? That is plain ignorance. We as American people were way better off under Trumps first term than we have been the last 4 years. Please don't believe what our government says about inflation. The average American knows the truth when we been to the grocery store, the gas station, or bought a new vehicle, or got a bank loan. We are not dummies and neither is Trump. The next 4 years will be for America! Count on it. Get ready for it? Whine but it won't do any good. Why is it the world gets their underwear in a wad when the majority of Americans and our president want to "Make America Great Again." You appear to be biased and believe false news. Why does the terminology and the concept upset people? I now understand you might be a liberal, socialist, and left leaning if you actually believe our last president was a good president. Are you? You make laugh. Outloud!
Um we gained jobs, gas was cheaper and coming down even more, groceries were much cheaper than now., interest rates were way better and had it not been for covid then would have even been more super duper. I as well as millions of Americans know this for we lived through those times here in America. You didn't and you believe the fake news like most liberals do. Are you a liberal?
EVs will not increase demand for fossil fuel. EVs will reduce demand for fossil fuel. In 2014, GE challenged the Indian government that they cannot run the entire railway system on electric. GE has a diesel loco factory in India. Indian government even offered GE that if they make electric locos, India is willing to buy them. GE said they do not make electric locos. So much for a company founded by Thomas Edison. As of January 1, 2025, 97.06% of the broad gauge network of Indian Railways was electrified.This is equivalent to 64,547 route kilometers (rkm) out of a total of 66,504 rkm). I can only wish good luck to GE and other Americans who think it is still 20th century. Trains move more people in India than planes. Now Indian government is focused on electrifying the road transport.
I have actually watched quite a few podcasts on this subject and so I think this viewpoint that I'm going to share is quite factual. Nobody screwed the US over. When the USD because the world reserve currency, it was agreed upon that the US would need to sending jobs offshore so that those countries could get US dollars that are needed to buy all the commodities since it they were going to be priced in USD. In exchange, the US got cheap shit, they got to export their inflation, and the profits of these oversea companies would be recycled back into US real estate and treasuries. So once again, this was the deal. Whoever came up with this world order did so at the expense of the American worker. Now the big thing is that the US realized they are losing every war.... (ie. Russia, Gaza, and likely against China as well), and all the supplies they need are mostly produced by China. So the US has a very big problem. It desperately needs to bring production back to the US. But this means the end of this arrangement. The US no longer wants to be the world reserve currency because of the hit it has to take. Its obvious that other countries aren't' even buying the US treasuries at the same capacity anymore anyway. Now here is a plug for bitcoin, because this is in fact what the world needs. A neutral world reserve currency that nobody has control over. But moving on. So you can't exactly say that the world is screwing over the US because this was by design. It just so happens now that it doesn't benefit the US anymore, so of course they want out. I also learned that all China exports to the US account for only a couple of percent of their GDP. So China is well prepared to lose them as a customer. But can the US really survive without Chinese exports? The way that Trump is picking a fight with everyone means that the US will be isolated. Yes, they have all the land and resources they need, but this means a drastically much lower quality of life for all citizens before things get up and running. There is no way this can be fixed quickly. And lets not forget the $36T of debt that is going to be a very big problem if all countries really do dump all the treasuries they own and only the Fed and US consumers are left to soak it up.