Biden climate kooks creating economic disaster

 Larry Kudlow:

These climate policies would lead to a global economic and financial catastrophe

Biden's environmental rules have stopped everything, Kudlow says

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These are all homegrown policies that preceded Vladimir Putin invading Ukraine. There was an 8% inflation rate caused by these huge fiscal mistakes. That is why Ms. Yellen's reputation is plunging. Personally, I hate to see it. Professionally, I have to talk about it.

As the Wall Street Journal points out (and I've said dozens of times on this show over the past year) the Trump tax cuts increased real wages for blue-collar working folks and minorities. Unemployment rates for those groups plunged to 50-year lows. Poverty declined. Inequality declined.

The biggest winners from the personal and business tax cuts were middle- and lower-income folks—not the top earners. These are facts. Ms. Yellen, speaking in Detroit, argues that Trump's tax cuts caused higher inequality and slower growth. She is factually wrong and she knows it. By the by, with Mr. Biden's 8% inflation rate, real worker wages have actually fallen by 3.5% over the past year.

The first bullet in today’s White House economic blueprint fact sheet says workers are being empowered. Oops, forgot about the falling real wages and family incomes!

They talk about making and building in America, but wait a second, you can't get a permit to make or build anything in Biden's America. His zealous environmental rules have stopped almost everything. All manner of energy and, by the way, ordinary road-building infrastructure too—can't get it past the fanatics in the White House and the EPA.
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I will conclude with this thought. This radical global warming, climate change obsession that informs every single policy of the Biden administration is moving the U.S. and the world economy toward an unstoppable economic decline. Hat tip to the Wall Street Journal's Joseph Sternberg for his latest column, "The Coming Global Crisis of Climate Policy."

There is no climate emergency. It's all a central-planning socialist fabrication, trying to jam this bureaucratic religion down our throats. Fossil fuels generate about 85% of the world's power, even after decades of government subsidies and crazy quilted regulatory plans, but what will happen if any of these climate policies for "net-zero this, or net-zero that, or we're going to take your car away from you, or we're not going to let you run your air conditioner" or literally any of these crazy policies that just want to unplug America, if any of this stuff ever truly came to pass, it would be a global economic and financial catastrophe.
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Biden and the Democrats took a robust economy and ruined it.  They should be held accountable at the ballot box for this major screw up.  They have made America poorer.