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Bidenomics, EV's & Lordstown Motors, Canadian Wildfires, Ep. #184
In this episode of The Capitalist Investor, the hosts Diamond Hands D, Tony the Tiger, and Cool Hand Luke discuss various topics, including Bidenomics, Reaganomics, the wildfires in Canada, and canceled culture. The hosts bring their unique perspectives to these subjects, offering insights and opinions on the current economic climate and its impact on different industries. The hosts begin by discussing the wildfires in Canada and the impact they are having on the environment. They then delve into the concept of Bidenomics and how it compares to Reaganomics. They also touch on the recent closure of Lordstown Motors, a local business, and the controversy surrounding wood fire pizza ovens in New York City. The hosts express their views on these topics, providing an entertaining and thought-provoking discussion. Timestamped Chapter Summary: 00:00:00 - Introduction and discussion of the wildfires in Canada.00:00:27 - Speculation on why it doesn't rain in Canada and conspiracy theories.00:00:45 - Rabbit hole discussion on conspiracy theories and the need for research.00:01:04 - Introduction to the concept of biodynamics and its comparison to Reaganomics.00:01:34 - Mention of Lordstown going out of business and its implications.00:02:04 - Wood fire pizza ovens in New York City under fire for producing too much CO2.00:02:42 - Criticism of the current administration's economic policies and the need for rebuilding.00:03:08 - Commentary on the press secretary and her role as the White House spokesperson.00:03:32 - Discussion on the broken economy and contradictory statements from the administration.00:03:58 - Mention of the Fed's prediction of a recession and confusion regarding the state of the economy.00:04:26 - Criticism of the current administration's policies and the increase in the deficit.00:04:54 - Discussion on the difference between Democrats and Republicans in terms of policies.00:05:18 - Democrats flooding the economy with stimulus money for short-term gain.00:05:39 - Democrats' short-term solutions causing long-term destruction.00:06:03 - Commentary on the branding aspect of Bidenomics and the need for effective solutions.00:06:47 - Anticipation for Biden's address and desire for clarity on economic policies.00:07:06 - Advocacy for free market capitalism and the benefits of trickle-down economics.00:07:44 - Acknowledgment of existing issues but recognition of the strength of the economy.00:08:02 - Importance of profitability for businesses and the correlation to employment.00:08:29 - Proposal to teach individuals how to add value and increase productivity in the capitalist system.00:08:48 - Discussion on the functioning of the economy and the need for productivity and value creation.00:09:08 - Criticism of government intervention and the negative effects of a bigger government.00:09:37 - Comparison of the current government's size to its effectiveness and historical evidence.00:09:58 - Government growth leading to implosion and the need for checks and balances.00:10:32 - Tangent on democracy and its potential loss in the current political climate.00:10:58 - Closure of the Lordstown, Ohio plant and its impact on the local economy.00:11:18 - Ford's announcement of letting go of contractors and their losses in the EV market.00:12:04 - Ford's investment in unprofitable electric vehicles and comparison to Tesla's profitability.00:13:01 - Tesla's profitability and dependability issues.00:13:25 - Discussion on the profitability and dependability of electric vehicles.00:13:50 - Bankruptcies in the RV sector and the impact on the industry.00:14:16 - Barriers to entry and the beginning of the end for many EV companies.
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