1 00:00:01,320 --> 00:00:04,160 Speaker 1: Welcome to the Tutor Dixon Podcast. Today we have Henry 2 00:00:04,200 --> 00:00:07,640 Speaker 1: Payne with us. He is the Detroit News auto columnist 3 00:00:07,760 --> 00:00:11,399 Speaker 1: and the host of the weekly car radio program for 4 00:00:11,560 --> 00:00:14,640 Speaker 1: nine ten am Detroit, and I wanted to talk today 5 00:00:14,880 --> 00:00:17,960 Speaker 1: about electric vehicles. It seems like we're seeing the death 6 00:00:18,000 --> 00:00:20,959 Speaker 1: of the electric vehicle right now. But Henry is the expert, 7 00:00:21,000 --> 00:00:23,320 Speaker 1: so I welcome him here today to tell us all 8 00:00:23,320 --> 00:00:24,960 Speaker 1: about what's going on with the industry. 9 00:00:25,920 --> 00:00:28,040 Speaker 2: Yeah, hey, Tutor, great to be with you. A lot 10 00:00:28,080 --> 00:00:29,520 Speaker 2: of lots going on in this industry. 11 00:00:30,280 --> 00:00:32,680 Speaker 3: There's so much because right now. 12 00:00:32,840 --> 00:00:36,479 Speaker 1: So we obviously in Michigan were extra sensitive to this, 13 00:00:36,640 --> 00:00:39,240 Speaker 1: but I think everybody across the nation, so many states 14 00:00:39,280 --> 00:00:42,600 Speaker 1: have started auto manufacturing that we're kind of all sort 15 00:00:42,640 --> 00:00:45,600 Speaker 1: of waiting into anticipation of what's about to happen. But 16 00:00:45,640 --> 00:00:48,839 Speaker 1: we're seeing that GM is pausing production and in some 17 00:00:48,960 --> 00:00:52,560 Speaker 1: cases they are canceling production on their evs. So I'm 18 00:00:52,600 --> 00:00:55,640 Speaker 1: wondering if you think this is a kind of proactive 19 00:00:55,680 --> 00:00:59,200 Speaker 1: response to them anticipating these tax credits running out at 20 00:00:59,200 --> 00:00:59,840 Speaker 1: the end of the month. 21 00:01:00,480 --> 00:01:03,680 Speaker 2: Yeah. I mean, it's really been an extraordinary period these 22 00:01:03,760 --> 00:01:09,640 Speaker 2: last few years, and it shows the flaw with socialism, 23 00:01:09,680 --> 00:01:12,839 Speaker 2: with government run market economics. I mean, we've really been 24 00:01:13,440 --> 00:01:18,760 Speaker 2: in a period driven by government mandates, by government incentives, 25 00:01:19,959 --> 00:01:25,319 Speaker 2: going back through the Biden administration, and it really, I mean, 26 00:01:25,319 --> 00:01:30,119 Speaker 2: it shows you how far that party has moved left. 27 00:01:30,160 --> 00:01:34,600 Speaker 2: They really see communists China as the economic model, and 28 00:01:34,680 --> 00:01:39,199 Speaker 2: they have been trying to follow that for the last 29 00:01:39,280 --> 00:01:44,679 Speaker 2: four years, trying to force an electric vehicle market like 30 00:01:44,800 --> 00:01:50,920 Speaker 2: China has done, and trying to subsidize that. Billions and 31 00:01:50,960 --> 00:01:56,880 Speaker 2: billions of dollars going into battery plants, huge mandates from 32 00:01:56,960 --> 00:02:03,400 Speaker 2: the EPA from California forcing me manufacturers to eliminate their 33 00:02:03,440 --> 00:02:07,320 Speaker 2: fossil fuel burning cars. So all of this has been 34 00:02:07,360 --> 00:02:11,480 Speaker 2: government driven for the last four years. And then you 35 00:02:11,480 --> 00:02:14,200 Speaker 2: could bring in a new administration which is a free market, 36 00:02:14,360 --> 00:02:18,760 Speaker 2: more free market oriented administration, all those incentives go away, 37 00:02:19,200 --> 00:02:24,959 Speaker 2: and it just shows you how unreliable government is as 38 00:02:25,000 --> 00:02:29,600 Speaker 2: an economic driver. You really want consumer markets driving these things, 39 00:02:30,120 --> 00:02:33,520 Speaker 2: and that's what we've seen. Just in the last year. 40 00:02:33,600 --> 00:02:35,679 Speaker 2: The bottom has fallen out. 41 00:02:35,440 --> 00:02:38,480 Speaker 1: Of v There was a lie almost where they told us, 42 00:02:38,639 --> 00:02:40,880 Speaker 1: you know, if we subsidize this long enough, this is 43 00:02:40,919 --> 00:02:43,000 Speaker 1: going to catch on. The infrastructure will be there. There 44 00:02:43,040 --> 00:02:46,160 Speaker 1: was never enough infrastructure there. And I mean look at 45 00:02:46,160 --> 00:02:48,520 Speaker 1: the state of Michigan. You had the governor who was 46 00:02:48,600 --> 00:02:52,560 Speaker 1: putting even Michigan tax dollars into creating this industry. And 47 00:02:52,600 --> 00:02:55,280 Speaker 1: the idea was, Okay, after a certain amount of subsidies, 48 00:02:55,280 --> 00:02:56,880 Speaker 1: this is going to catch on and the market will 49 00:02:56,919 --> 00:02:58,600 Speaker 1: take off. But it never did. 50 00:02:59,000 --> 00:03:00,839 Speaker 3: So why did was that? 51 00:03:01,639 --> 00:03:04,400 Speaker 1: Was that just government saying we're going to subsidize this 52 00:03:04,520 --> 00:03:05,560 Speaker 1: forever and we didn't know. 53 00:03:06,240 --> 00:03:11,920 Speaker 2: Yeah. Yeah, Actually two of the two of the public 54 00:03:11,919 --> 00:03:17,240 Speaker 2: policy makers at the center of this are are Michigan 55 00:03:17,320 --> 00:03:20,600 Speaker 2: governor's former Michigan Governor Jennifer Granholm who's the head of 56 00:03:20,639 --> 00:03:27,359 Speaker 2: the Energy Department, current Governor Gretchen Whitmer. Really really took 57 00:03:27,800 --> 00:03:32,320 Speaker 2: communists China as their model and the idea that that 58 00:03:32,440 --> 00:03:39,600 Speaker 2: the transportation sector is thirty percent of CO two emissions, 59 00:03:40,160 --> 00:03:43,400 Speaker 2: and which is not actually accurate. I mean, the individual 60 00:03:44,160 --> 00:03:47,000 Speaker 2: transportation sector, the cars you and I drive are about 61 00:03:47,040 --> 00:03:52,240 Speaker 2: six percent of CO two emissions. But and so that's 62 00:03:52,240 --> 00:03:56,960 Speaker 2: who they targeted. You know, really most most transportation emissions, 63 00:03:57,000 --> 00:03:59,800 Speaker 2: if you look at the world that way, are from 64 00:04:00,040 --> 00:04:03,960 Speaker 2: trucks and from this, you know, huge industry infrastructure. We 65 00:04:04,040 --> 00:04:07,080 Speaker 2: have it's going back and forth. But typical government that 66 00:04:07,200 --> 00:04:10,240 Speaker 2: came after us, you know, they go after individual choice first, 67 00:04:10,320 --> 00:04:13,840 Speaker 2: and so you really have this sort of parallel economy 68 00:04:13,880 --> 00:04:17,320 Speaker 2: where consumers were buying what they want, but the government, 69 00:04:17,960 --> 00:04:21,159 Speaker 2: through the Biden EPA and through California, which is the 70 00:04:21,200 --> 00:04:25,839 Speaker 2: most aggressive state, we're trying to force electric vehicles with 71 00:04:25,920 --> 00:04:30,000 Speaker 2: these subsidies and with these mandates. And the irony is 72 00:04:31,760 --> 00:04:36,880 Speaker 2: if the reason that China, which is a fully socialist economy, 73 00:04:36,920 --> 00:04:40,400 Speaker 2: the reason that they're pushing electric vehicles is because they 74 00:04:40,440 --> 00:04:43,719 Speaker 2: have about eighty percent of the rare earth minerals that 75 00:04:43,800 --> 00:04:49,520 Speaker 2: go into battery production. It's a very strategic geographic play 76 00:04:49,800 --> 00:04:54,560 Speaker 2: on their part. They don't care about a limit. Yeah, 77 00:04:54,560 --> 00:04:56,960 Speaker 2: they don't care about the climate change. I mean, to them, 78 00:04:57,000 --> 00:05:00,279 Speaker 2: it's a strategic play, just. 79 00:05:00,320 --> 00:05:03,599 Speaker 1: Kind of exchanging one environmental issue for another, because it's 80 00:05:03,600 --> 00:05:07,400 Speaker 1: not like making batteries is very healthy for the environment. 81 00:05:07,320 --> 00:05:10,159 Speaker 2: Right yeah, I mean lithium. Lithium still comes out of 82 00:05:10,160 --> 00:05:12,719 Speaker 2: the ground. I mean it's it's a very energy intensive, 83 00:05:13,000 --> 00:05:17,320 Speaker 2: very messy process. So there's there's this sort of fanciful 84 00:05:17,360 --> 00:05:21,360 Speaker 2: religious movement to sustainability movement in the world right now 85 00:05:21,480 --> 00:05:26,280 Speaker 2: that the elites have glombed onto and this idea that 86 00:05:26,960 --> 00:05:30,960 Speaker 2: you can make everything without touching the earth, without touching 87 00:05:31,040 --> 00:05:35,800 Speaker 2: Mother Earth. But but the Chinese, if they make these batteries, 88 00:05:36,240 --> 00:05:37,800 Speaker 2: they get them out of the ground, they make them 89 00:05:37,839 --> 00:05:41,560 Speaker 2: with coal plants. They make a huge coal plant infrastructure. 90 00:05:41,600 --> 00:05:44,320 Speaker 2: That's uh, that's producing this. I mean, if the United 91 00:05:44,360 --> 00:05:48,360 Speaker 2: States wanted to be strategic, we would be pushing gasoline 92 00:05:48,400 --> 00:05:50,719 Speaker 2: fired cars, right because we have that. We have the 93 00:05:50,760 --> 00:05:55,800 Speaker 2: greatest fossil fuel resources in the world. So it's it's 94 00:05:55,800 --> 00:06:01,080 Speaker 2: a little perverse to use communist China your economic model. 95 00:06:01,120 --> 00:06:04,360 Speaker 2: But that's what the Energy Department did under Jennifer grand Home. 96 00:06:05,520 --> 00:06:09,600 Speaker 2: The industry was basically on two tracks. They were making 97 00:06:09,680 --> 00:06:13,240 Speaker 2: cars for the government, tric vehicles in order to force 98 00:06:13,520 --> 00:06:15,880 Speaker 2: in order to meet these mandates, and they are making 99 00:06:16,240 --> 00:06:20,520 Speaker 2: money making vehicles for us for people who drive, and 100 00:06:20,640 --> 00:06:23,520 Speaker 2: most people want gas cars. If you look at the 101 00:06:23,560 --> 00:06:26,520 Speaker 2: electric vehicle market, it really is a niche market, and 102 00:06:27,120 --> 00:06:32,560 Speaker 2: it's sort of this year we've really seen it stall 103 00:06:32,720 --> 00:06:34,640 Speaker 2: at about eight percent of sales. 104 00:06:35,279 --> 00:06:37,240 Speaker 1: Well, I mean, I think it's very interesting that you 105 00:06:37,279 --> 00:06:40,040 Speaker 1: brought up China. I was just having a conversation with 106 00:06:40,080 --> 00:06:43,479 Speaker 1: one of our Michigan manufacturers earlier last week, and he 107 00:06:43,640 --> 00:06:46,960 Speaker 1: was saying, we're suddenly seeing he makes parts for cars, 108 00:06:46,960 --> 00:06:50,360 Speaker 1: so he's a supplier to the auto industry. And he said, 109 00:06:50,400 --> 00:06:53,280 Speaker 1: we're now seeing a bunch of these parts that were 110 00:06:53,320 --> 00:06:55,840 Speaker 1: being made in China that in the two thousand and 111 00:06:55,880 --> 00:06:59,279 Speaker 1: eight to twenty thirteen era started to go over to 112 00:06:59,640 --> 00:07:02,800 Speaker 1: China and they were making them for much less expensive. 113 00:07:02,960 --> 00:07:05,560 Speaker 1: He said, we're starting to see those coming back now, 114 00:07:05,800 --> 00:07:08,400 Speaker 1: so it's almost like we're beating China. But as similar, 115 00:07:08,960 --> 00:07:11,160 Speaker 1: he said something to me that I really hadn't thought about. 116 00:07:11,240 --> 00:07:15,000 Speaker 1: He said, there was no way that the auto industry 117 00:07:15,040 --> 00:07:18,040 Speaker 1: and the suppliers could come back in the United States 118 00:07:18,080 --> 00:07:21,080 Speaker 1: without what Donald Trump did, because he said we would 119 00:07:21,160 --> 00:07:24,800 Speaker 1: get in the numbers that our auto companies were paying 120 00:07:24,880 --> 00:07:28,320 Speaker 1: to China. He said, China can't make it for that money. 121 00:07:28,600 --> 00:07:32,000 Speaker 1: They are heavily subsidizing it to have control over the 122 00:07:32,120 --> 00:07:35,920 Speaker 1: US market. So they were paying to make to make 123 00:07:35,960 --> 00:07:39,920 Speaker 1: American auto parts just to have control over the American market. 124 00:07:40,120 --> 00:07:42,960 Speaker 1: And that was not being seen by our elected officials. 125 00:07:43,040 --> 00:07:46,200 Speaker 1: How could we let China have control over something to critical? 126 00:07:46,760 --> 00:07:51,400 Speaker 2: Right, Yeah, classic socialist model. You subsidize your homegrown industry 127 00:07:51,920 --> 00:07:55,080 Speaker 2: and then you hope to put other industries out of 128 00:07:55,120 --> 00:07:59,760 Speaker 2: business in other countries. So it's a lot of money 129 00:07:59,760 --> 00:08:06,080 Speaker 2: that the Chinese are investing in that market. But you know, 130 00:08:06,080 --> 00:08:08,200 Speaker 2: if you look in this market, they haven't come here. 131 00:08:09,160 --> 00:08:11,920 Speaker 2: You know why the Chinese have come here in some 132 00:08:11,960 --> 00:08:16,880 Speaker 2: of their subsidiaries, j Lee, for example, loans Volvo and 133 00:08:16,960 --> 00:08:19,560 Speaker 2: so you do see vol of the electric vehicles here, 134 00:08:20,640 --> 00:08:23,200 Speaker 2: but the big Chinese manufacturers haven't come here. I mean, 135 00:08:23,200 --> 00:08:25,920 Speaker 2: this is a very difficult consumer market to come into. 136 00:08:26,120 --> 00:08:32,400 Speaker 2: It is by far the richest, most competitive market, and 137 00:08:32,920 --> 00:08:36,680 Speaker 2: the electric vehicles have really had a hard time getting 138 00:08:36,720 --> 00:08:42,800 Speaker 2: traction here beyond a certain subset of customer that has 139 00:08:42,880 --> 00:08:46,959 Speaker 2: multiple cars in their garage because evs are inferior to 140 00:08:47,080 --> 00:08:51,120 Speaker 2: gas cars. The gasoline engine is just so efficient at 141 00:08:51,200 --> 00:08:53,319 Speaker 2: getting you from point A to point B. You can 142 00:08:53,360 --> 00:08:56,400 Speaker 2: fill up a five hundred mile tank in two minutes 143 00:08:56,840 --> 00:09:01,080 Speaker 2: and be on your way. Most electric vehicles don't even 144 00:09:01,120 --> 00:09:05,200 Speaker 2: have five hundred miles of range. I have a Tesla 145 00:09:05,240 --> 00:09:09,960 Speaker 2: for example, I drive my Tesla on long trips. I 146 00:09:10,000 --> 00:09:13,360 Speaker 2: can go two hundred and fifty miles on a charge, 147 00:09:13,360 --> 00:09:15,240 Speaker 2: and then I have to sit at a charger for 148 00:09:15,280 --> 00:09:19,560 Speaker 2: a half hour in order to get that two hundred 149 00:09:19,600 --> 00:09:21,600 Speaker 2: and fifty miles back. So it's just not nearly as 150 00:09:21,600 --> 00:09:27,320 Speaker 2: efficient as gasoline. And the only reason that this push 151 00:09:27,880 --> 00:09:31,360 Speaker 2: has been coming is because the US government and state 152 00:09:31,400 --> 00:09:34,360 Speaker 2: governments like California have been trying to force this on 153 00:09:34,440 --> 00:09:37,600 Speaker 2: the industry, but the consumer just hasn't been and that's 154 00:09:37,640 --> 00:09:41,120 Speaker 2: why you're seeing the market flat line here at eight percent. 155 00:09:41,520 --> 00:09:43,880 Speaker 1: Well, you said something interesting, you said the Chinese haven't 156 00:09:43,880 --> 00:09:45,640 Speaker 1: come here, And I think what you meant by that 157 00:09:45,760 --> 00:09:48,560 Speaker 1: is that their cars because they have their own brands 158 00:09:48,720 --> 00:09:51,040 Speaker 1: in China and they haven't been able to bring their 159 00:09:51,200 --> 00:09:53,400 Speaker 1: Chinese vehicles into the United States. 160 00:09:53,440 --> 00:09:55,720 Speaker 3: I think there's a couple of reasons for that. 161 00:09:55,800 --> 00:09:57,960 Speaker 1: I mean, part of it, I think is where would 162 00:09:58,000 --> 00:10:00,320 Speaker 1: people there's not the infrastructure, Like you said, you have 163 00:10:00,360 --> 00:10:03,079 Speaker 1: to stop. But if you had a massive influx and 164 00:10:03,160 --> 00:10:07,640 Speaker 1: the Chinese could have a massive influx of electric vehicles 165 00:10:07,640 --> 00:10:10,320 Speaker 1: all at one time, there would know by know what 166 00:10:10,520 --> 00:10:14,760 Speaker 1: means be the infrastructure to actually charge these cars. But 167 00:10:14,880 --> 00:10:18,200 Speaker 1: I think the second thing is that the auto industry 168 00:10:18,280 --> 00:10:21,559 Speaker 1: has hundreds of lobbyists. They're not going to let anybody 169 00:10:21,600 --> 00:10:23,439 Speaker 1: come into the United States. They're certainly not going to 170 00:10:23,559 --> 00:10:26,280 Speaker 1: let China come into the United States and take away 171 00:10:26,559 --> 00:10:30,199 Speaker 1: their entire industry and say, Okay, they've they've already perfected 172 00:10:30,320 --> 00:10:32,560 Speaker 1: electric vehicles. They're going to come in and they're just 173 00:10:32,600 --> 00:10:35,280 Speaker 1: going to take over this industry and then nobody's gonna 174 00:10:35,280 --> 00:10:37,480 Speaker 1: you know, the story back then was that nobody would 175 00:10:37,559 --> 00:10:40,720 Speaker 1: drive a gas vehicle. Ever, again, in California was already 176 00:10:40,760 --> 00:10:43,720 Speaker 1: well on their way to say we're done with gas vehicles. 177 00:10:44,040 --> 00:10:46,840 Speaker 1: So my question to you is, if they could stop 178 00:10:46,880 --> 00:10:49,800 Speaker 1: all of that with their lobbyists, why did they allow 179 00:10:50,280 --> 00:10:54,080 Speaker 1: this subsidizing of evs to occur in the United States 180 00:10:54,120 --> 00:10:57,080 Speaker 1: when they weren't seeing the sales they saw the numbers. 181 00:10:57,600 --> 00:11:01,079 Speaker 2: Yeah, that's a really good question. You know, we've seen 182 00:11:02,520 --> 00:11:07,199 Speaker 2: we've seen large corporations in this country become very woke, 183 00:11:07,800 --> 00:11:14,760 Speaker 2: become very sensitive to cultural media trends. I think that's 184 00:11:14,840 --> 00:11:17,839 Speaker 2: part of it. They want to appear to be progressive, 185 00:11:18,760 --> 00:11:21,240 Speaker 2: they want to be in line with a media narrative 186 00:11:21,320 --> 00:11:27,240 Speaker 2: that they're doing good things for the earth. But they 187 00:11:27,280 --> 00:11:31,840 Speaker 2: also saw a very successful US electric company called Tesla 188 00:11:32,760 --> 00:11:36,000 Speaker 2: become a trillion dollar company. I mean, if you look 189 00:11:36,040 --> 00:11:40,439 Speaker 2: at General Motors today, which is the largest US manufacturer 190 00:11:40,440 --> 00:11:44,240 Speaker 2: in the United States Fortune five hundred company. Their market 191 00:11:44,240 --> 00:11:49,400 Speaker 2: cap is fifty five million, fifty five million dollars. Tesla, 192 00:11:49,720 --> 00:11:53,800 Speaker 2: which doesn't sell anywhere near as many vehicles as GM does, 193 00:11:54,320 --> 00:11:57,040 Speaker 2: has a one trillion dollar market gap, and so I 194 00:11:57,120 --> 00:12:02,480 Speaker 2: think there's I think companies like GM and Ford VW 195 00:12:02,640 --> 00:12:05,440 Speaker 2: others looked at Tesla and said, you know, how do 196 00:12:05,480 --> 00:12:07,520 Speaker 2: we get to that kind of market cap? And so 197 00:12:07,559 --> 00:12:11,400 Speaker 2: when they went to the capital markets, that was the 198 00:12:11,520 --> 00:12:14,960 Speaker 2: sexy thing, was to offer electric vehicles. And at the 199 00:12:15,000 --> 00:12:20,360 Speaker 2: same time, you had this trend where the government was California, 200 00:12:20,360 --> 00:12:24,080 Speaker 2: for example, by next year, was mandating that thirty five 201 00:12:24,160 --> 00:12:29,640 Speaker 2: percent of vehicles sold had to be electric, and so 202 00:12:29,720 --> 00:12:33,320 Speaker 2: they were seeing that trend from governments, and so they're 203 00:12:33,320 --> 00:12:38,480 Speaker 2: trying to dovetail the Tesla experience with the government experience. 204 00:12:39,920 --> 00:12:44,200 Speaker 2: And now here comes the Trump administration takes away California's 205 00:12:45,760 --> 00:12:49,440 Speaker 2: privilege to set those kind of mandates, takes away the 206 00:12:49,480 --> 00:12:52,600 Speaker 2: seventy five hundred dollars tax credit, and all of a sudden, 207 00:12:52,800 --> 00:12:55,320 Speaker 2: these companies are doing a U turn and going back 208 00:12:55,360 --> 00:12:58,040 Speaker 2: to what the majority of the market wants. 209 00:12:58,200 --> 00:13:01,560 Speaker 4: It has been nearly two years two years since the 210 00:13:01,720 --> 00:13:05,560 Speaker 4: terrorists murdered more than twelve hundred innocent Israelis and took 211 00:13:05,640 --> 00:13:09,160 Speaker 4: two hundred and fifty hostages. Today it seems like the 212 00:13:09,240 --> 00:13:12,200 Speaker 4: cries of the dead and the dying are being drown 213 00:13:12,320 --> 00:13:16,160 Speaker 4: out by these shouts of hatred, of anti Semitic hatred 214 00:13:16,280 --> 00:13:19,080 Speaker 4: like we've never heard before. You know it and I 215 00:13:19,240 --> 00:13:22,760 Speaker 4: know it, and it's almost like the most brutal attack 216 00:13:22,840 --> 00:13:26,240 Speaker 4: on the Jewish people since the Holocaust has been forgotten. 217 00:13:26,720 --> 00:13:29,840 Speaker 4: But it hasn't because as the world looks away, there 218 00:13:29,880 --> 00:13:30,840 Speaker 4: is still a light. 219 00:13:31,040 --> 00:13:34,160 Speaker 5: There is this beautiful light that shines in the darkness, 220 00:13:34,400 --> 00:13:36,920 Speaker 5: and it is a movement of love and support for 221 00:13:37,000 --> 00:13:40,840 Speaker 5: the people of Israel called Flags of Fellowship, and it's 222 00:13:40,880 --> 00:13:44,760 Speaker 5: being organized by the International Fellowship of Christians in Jews. 223 00:13:45,240 --> 00:13:48,840 Speaker 5: And on October fifth, just a few weeks away, millions 224 00:13:48,840 --> 00:13:53,080 Speaker 5: across America will prayerfully plant an Israeli flag in honor 225 00:13:53,120 --> 00:13:57,200 Speaker 5: and solidarity with the victims of October seventh, twenty twenty three. 226 00:13:57,240 --> 00:14:00,559 Speaker 5: And they're grieving families. And now you can a part 227 00:14:00,600 --> 00:14:03,559 Speaker 5: of this movement too. For you to get more information 228 00:14:03,840 --> 00:14:06,720 Speaker 5: about how you can join the Flags of Fellowship movement, 229 00:14:07,120 --> 00:14:13,080 Speaker 5: visit the fellowship at IFCJ dot org. That's IFCJ dot org. 230 00:14:13,760 --> 00:14:18,120 Speaker 5: Visit and join the movement today. 231 00:14:18,920 --> 00:14:21,120 Speaker 1: Yeah, I guess if you're a manufacturing company and you 232 00:14:21,160 --> 00:14:23,680 Speaker 1: look and say, while there's an entire state now that 233 00:14:23,800 --> 00:14:27,520 Speaker 1: is going to require a new type of vehicle, that's opportunity. 234 00:14:27,600 --> 00:14:29,120 Speaker 1: You know, you don't see that as a negative. You 235 00:14:29,160 --> 00:14:31,760 Speaker 1: see that as opportunity to pick up that business. But 236 00:14:32,160 --> 00:14:35,200 Speaker 1: now it seems like that's changing a bit. We're seeing 237 00:14:35,280 --> 00:14:38,000 Speaker 1: that Cadillac is pausing their production on the Lyric, on 238 00:14:38,040 --> 00:14:42,320 Speaker 1: the Vestique. The Lyric in some cases that that vehicle 239 00:14:42,640 --> 00:14:45,560 Speaker 1: costs almost one hundred thousand dollars. So all of these 240 00:14:45,680 --> 00:14:48,320 Speaker 1: people that purchase the Lyric in the last few years, 241 00:14:48,600 --> 00:14:51,440 Speaker 1: I just wonder if they're going, what does this mean? 242 00:14:51,480 --> 00:14:55,320 Speaker 1: Because at the same time as we see Cadillac pausing 243 00:14:55,360 --> 00:14:59,920 Speaker 1: production on these evs, the CEO of GM is also 244 00:15:00,040 --> 00:15:03,240 Speaker 1: so selling off forty percent of her stock, which actually 245 00:15:03,280 --> 00:15:06,480 Speaker 1: shocks me. I'm shocked that any company allows their CEO 246 00:15:06,640 --> 00:15:09,240 Speaker 1: to have such a massive sell off all at once. 247 00:15:09,720 --> 00:15:10,600 Speaker 3: What does that mean? 248 00:15:12,000 --> 00:15:16,080 Speaker 2: Yeah, there's a company you're probably better qualified than I 249 00:15:16,120 --> 00:15:21,640 Speaker 2: am to speak to. You know how business works in 250 00:15:21,720 --> 00:15:27,800 Speaker 2: these corporations. Mary Mary Barr's incentive is mostly through stock options. 251 00:15:28,160 --> 00:15:31,440 Speaker 2: She makes about thirty million dollars a year, but two 252 00:15:31,520 --> 00:15:34,000 Speaker 2: million of that is salary, so the rest of it 253 00:15:34,040 --> 00:15:38,640 Speaker 2: is stock options. And so yeah, there's there's there's a 254 00:15:38,640 --> 00:15:42,360 Speaker 2: lot of triggers that sell stocks their algorithms. Like I say, 255 00:15:42,440 --> 00:15:48,560 Speaker 2: I'm not an expert on business executive packages. I don't 256 00:15:48,560 --> 00:15:52,240 Speaker 2: think that has anything to do with the current market. 257 00:15:52,320 --> 00:15:56,520 Speaker 2: I mean, relatively speaking, GM stock is okay. The iPod 258 00:15:56,600 --> 00:15:59,880 Speaker 2: a decade ago at about thirty three dollars a share, 259 00:16:00,040 --> 00:16:04,160 Speaker 2: they're at fifty five dollars a share now. Relatively speaking, 260 00:16:04,520 --> 00:16:09,280 Speaker 2: I think they're okay. They're nowhere near Tesla market cap, 261 00:16:09,320 --> 00:16:12,760 Speaker 2: as I say, But I think the other thing that's 262 00:16:12,800 --> 00:16:16,680 Speaker 2: going on with GM, with the Cadillac is they're trying 263 00:16:16,720 --> 00:16:19,960 Speaker 2: to they're trying to make that an international brand again. 264 00:16:20,680 --> 00:16:25,960 Speaker 2: Cadillac used to be the global standard for luxury vehicles. 265 00:16:26,000 --> 00:16:31,520 Speaker 2: It lost that halo to BMW, to Mercedes, to Audi, 266 00:16:32,040 --> 00:16:36,000 Speaker 2: and so Cadillac sees a chance to refresh itself as 267 00:16:36,000 --> 00:16:39,080 Speaker 2: an all electric brand. And so it's selling internationally for 268 00:16:39,120 --> 00:16:42,240 Speaker 2: the first time in a long long time, going into Europe, 269 00:16:42,240 --> 00:16:45,960 Speaker 2: which is mandating electric vehicles, all electric vehicles by twenty 270 00:16:46,000 --> 00:16:48,080 Speaker 2: thirty five. Think of that. Go to Europe and you 271 00:16:48,160 --> 00:16:52,120 Speaker 2: will not be able to buy a DAS powered vehicle 272 00:16:52,800 --> 00:16:56,680 Speaker 2: in the next ten years, And so they see opportunity 273 00:16:56,720 --> 00:17:00,360 Speaker 2: there in these international markets. I think that's what's going 274 00:17:00,400 --> 00:17:03,040 Speaker 2: on with Cadillac. But I tell you that that GM 275 00:17:03,200 --> 00:17:06,160 Speaker 2: is so big, and again, when you get government regulation 276 00:17:06,320 --> 00:17:08,919 Speaker 2: in place like this, it favors big companies, right. It 277 00:17:08,960 --> 00:17:11,840 Speaker 2: makes it very hard for smaller entities to get into 278 00:17:11,840 --> 00:17:15,360 Speaker 2: the market. GM is big enough that they basically make 279 00:17:15,440 --> 00:17:19,320 Speaker 2: parallel lines of an electric vehicle to satisfy the government 280 00:17:19,880 --> 00:17:23,840 Speaker 2: and gasoline lines to satisfy the consumer. And to give 281 00:17:23,840 --> 00:17:27,560 Speaker 2: any example of how different those two markets are, Chevy 282 00:17:27,600 --> 00:17:33,640 Speaker 2: sells an Equinox electric vehicle, the Equinox EV, and they 283 00:17:33,680 --> 00:17:39,040 Speaker 2: sell a Chevy Equinox gas powered vehicle in the mid 284 00:17:39,080 --> 00:17:44,919 Speaker 2: size suv segment, the biggest segment in the industry. In 285 00:17:44,960 --> 00:17:48,920 Speaker 2: the first six months of this year, the Equinox gas 286 00:17:49,240 --> 00:17:53,080 Speaker 2: suv sold one hundred and sixty thousand units. The electric 287 00:17:53,200 --> 00:17:56,960 Speaker 2: vehicle sold thirty thousand units. That shows you the gap 288 00:17:58,200 --> 00:17:59,880 Speaker 2: between those two markets. 289 00:18:00,480 --> 00:18:02,560 Speaker 3: And those are all sold in the US. 290 00:18:02,840 --> 00:18:06,480 Speaker 2: Yes, that's that's that's US market share. So you know, 291 00:18:06,520 --> 00:18:11,399 Speaker 2: you read the press. You know, the press has become 292 00:18:11,440 --> 00:18:14,560 Speaker 2: big cheerleaders for the EV mandates, and they talk about 293 00:18:15,400 --> 00:18:19,280 Speaker 2: how popular the Chevy Equinox has been, selling thirty thousand 294 00:18:19,400 --> 00:18:22,359 Speaker 2: units in the first six six months this year. It's 295 00:18:22,359 --> 00:18:25,159 Speaker 2: nowhere close to the Gas Equinox at one hundred and 296 00:18:25,200 --> 00:18:25,879 Speaker 2: sixty thousand. 297 00:18:26,960 --> 00:18:27,240 Speaker 3: Wow. 298 00:18:27,320 --> 00:18:31,159 Speaker 1: So I hear what you're saying about Cadillac being I 299 00:18:31,160 --> 00:18:34,800 Speaker 1: guess trumped by the other brands and suddenly they're becoming 300 00:18:34,880 --> 00:18:36,560 Speaker 1: the luxury brand. 301 00:18:36,920 --> 00:18:38,960 Speaker 3: But I have to say I have a Tahoe, which 302 00:18:39,000 --> 00:18:39,640 Speaker 3: is like the. 303 00:18:40,000 --> 00:18:43,920 Speaker 1: You know, lower even one step down from the Cadillac, 304 00:18:44,160 --> 00:18:47,200 Speaker 1: and I think it is absolutely the best car I think. 305 00:18:47,400 --> 00:18:49,159 Speaker 1: I mean outside of the fact that we do we 306 00:18:49,320 --> 00:18:51,359 Speaker 1: use a lot of gas, but it. 307 00:18:51,320 --> 00:18:53,240 Speaker 3: Is it's so beautiful. 308 00:18:53,320 --> 00:18:57,080 Speaker 1: I think the American manufacturers have done such an amazing 309 00:18:57,240 --> 00:19:01,160 Speaker 1: job with every every detail that I need, all every 310 00:19:01,200 --> 00:19:03,800 Speaker 1: detail that the kids need. I mean, the car is 311 00:19:03,840 --> 00:19:06,520 Speaker 1: like it's like driving our little house around. We took 312 00:19:06,520 --> 00:19:09,800 Speaker 1: the car from Michigan to South Carolina this year. It 313 00:19:09,920 --> 00:19:14,520 Speaker 1: was absolutely fantastic. I will say that there's been a 314 00:19:14,560 --> 00:19:18,480 Speaker 1: few things here and there that Cadillac or GM always 315 00:19:18,480 --> 00:19:21,040 Speaker 1: calls me and I always get a note from Chevy 316 00:19:21,119 --> 00:19:21,679 Speaker 1: saying bring. 317 00:19:21,560 --> 00:19:24,880 Speaker 3: The car in. They have great service. I mean, maybe 318 00:19:24,920 --> 00:19:26,560 Speaker 3: it's just my area, but. 319 00:19:26,800 --> 00:19:30,520 Speaker 1: I absolutely adore my car. I adore my dealership. I 320 00:19:30,560 --> 00:19:33,080 Speaker 1: think that they are fabulous every time I walk in there. 321 00:19:33,440 --> 00:19:36,760 Speaker 1: But I do wonder when people are going to these 322 00:19:36,960 --> 00:19:41,000 Speaker 1: foreign brands, are they not seeing what the American brands 323 00:19:41,040 --> 00:19:44,440 Speaker 1: have done to improve because I think Cadillac is top 324 00:19:44,480 --> 00:19:45,000 Speaker 1: of the line. 325 00:19:45,840 --> 00:19:48,639 Speaker 2: Well, and you look at where GM makes its money, 326 00:19:48,680 --> 00:19:51,600 Speaker 2: that's where it makes its money. And again, this is 327 00:19:51,640 --> 00:19:57,119 Speaker 2: the perversity of government regulation. The United States customer is 328 00:19:57,160 --> 00:20:01,800 Speaker 2: the richest customer in the world. The United States has 329 00:20:01,840 --> 00:20:04,960 Speaker 2: the greatest reserves of fossil fuels under our feet in 330 00:20:05,000 --> 00:20:08,280 Speaker 2: the world. Right, so you would think that government would 331 00:20:08,320 --> 00:20:12,560 Speaker 2: want to aid General Motors and Ford and Stillantis by 332 00:20:12,600 --> 00:20:16,359 Speaker 2: helping them build these big vehicles that Americans want and 333 00:20:16,400 --> 00:20:19,359 Speaker 2: then put cheap gas in them. And that's what the 334 00:20:20,200 --> 00:20:26,320 Speaker 2: Biden administration did everything possible to resist that, to model 335 00:20:26,400 --> 00:20:30,800 Speaker 2: the US auto economy after China as opposed to the 336 00:20:30,840 --> 00:20:35,000 Speaker 2: strengths that our economy have here. And so the Trump administration, 337 00:20:35,080 --> 00:20:37,399 Speaker 2: I think very smartly has come in. They've not only 338 00:20:38,520 --> 00:20:44,040 Speaker 2: taken away these regulations, but they've also really emphasized any 339 00:20:44,200 --> 00:20:48,920 Speaker 2: energy production. And so you see the gas prices going down. 340 00:20:49,000 --> 00:20:52,920 Speaker 2: I was driving back from northern Michigan over the weekend. 341 00:20:53,000 --> 00:20:57,440 Speaker 2: Gasoline was under three dollars a gallon. Electric vehicles, by 342 00:20:57,440 --> 00:21:03,040 Speaker 2: the way, cannot compete against a sub three dollars gasoline. 343 00:21:03,320 --> 00:21:07,439 Speaker 2: A gasoline has to be about four dollars and fifty 344 00:21:07,520 --> 00:21:11,280 Speaker 2: cents in order for electric vehicles to make sense really 345 00:21:11,520 --> 00:21:14,960 Speaker 2: in terms of in terms of charging expense on the road. 346 00:21:15,119 --> 00:21:18,560 Speaker 2: So if the cheaper you make gasoline, the better it 347 00:21:18,640 --> 00:21:20,800 Speaker 2: is for you and your tahoe, but the worse it 348 00:21:20,920 --> 00:21:24,720 Speaker 2: is for garments trying to force electric vehicles. So you 349 00:21:24,720 --> 00:21:28,919 Speaker 2: can just it's such a perverse incentive game that the 350 00:21:28,960 --> 00:21:32,600 Speaker 2: Democrats have put in place. And now you have on 351 00:21:32,640 --> 00:21:35,879 Speaker 2: top of that, they've lost the Midwest working class. Right 352 00:21:37,240 --> 00:21:42,040 Speaker 2: These auto workers the UAW Brian Pennebecker, I have him 353 00:21:42,040 --> 00:21:46,679 Speaker 2: on my radio show frequently, who leads a group of 354 00:21:46,720 --> 00:21:52,840 Speaker 2: auto workers here in the Midwest. They all embrace Donald 355 00:21:52,880 --> 00:21:59,440 Speaker 2: Trump's not only his low energy, his cheap energy campaign, 356 00:21:59,560 --> 00:22:03,359 Speaker 2: but also bringing jobs back to the United States that 357 00:22:03,760 --> 00:22:07,760 Speaker 2: used to be the Democrat. Meat and potatoes was the 358 00:22:07,800 --> 00:22:12,160 Speaker 2: Midwest working class and bringing manufacturing jobs back to the US. 359 00:22:12,280 --> 00:22:17,199 Speaker 2: That is all a Republican Republican strength now and you 360 00:22:17,240 --> 00:22:23,399 Speaker 2: see it because the Tahoe, these truck based vehicles at 361 00:22:23,440 --> 00:22:26,080 Speaker 2: GM makes, they're moving back up here to Lake Orion 362 00:22:26,600 --> 00:22:30,199 Speaker 2: in Michigan from Mexico and they're going to fill that 363 00:22:30,440 --> 00:22:32,720 Speaker 2: entire plant out. Yeah, that plant was going to be 364 00:22:32,720 --> 00:22:36,560 Speaker 2: an electric plant. The electric market is stalled, it's going 365 00:22:36,600 --> 00:22:39,080 Speaker 2: to decline more without the tax credits, and the vehicles 366 00:22:39,119 --> 00:22:41,760 Speaker 2: are going to be coming in there with us. Jobs 367 00:22:42,080 --> 00:22:45,959 Speaker 2: are going to be vehicles like Tahoes and Chevy Silverado's. 368 00:22:45,760 --> 00:22:47,120 Speaker 3: Go get a Tahoe. It's great. 369 00:22:47,200 --> 00:22:49,680 Speaker 1: I know I'm like doing an ad for it right now, 370 00:22:49,720 --> 00:22:52,520 Speaker 1: but I tell you I absolutely love it. But you 371 00:22:52,560 --> 00:22:55,199 Speaker 1: said something I want to get to because earlier in 372 00:22:55,240 --> 00:22:58,560 Speaker 1: the podcast, you said, look, China has the biggest stores 373 00:22:58,680 --> 00:23:02,719 Speaker 1: of these rare earth minerals of anybody in the world, 374 00:23:02,920 --> 00:23:05,920 Speaker 1: and that is why they want electric vehicles because for them, 375 00:23:06,359 --> 00:23:09,240 Speaker 1: they have the fuel that makes it. They're able to 376 00:23:09,280 --> 00:23:12,359 Speaker 1: make these batteries. In the United States, our fuel and 377 00:23:12,400 --> 00:23:15,000 Speaker 1: our benefit is that we have the oil. We have 378 00:23:15,119 --> 00:23:18,960 Speaker 1: the reserves there. So why on earth would we say 379 00:23:19,200 --> 00:23:23,680 Speaker 1: we are going to fund China's new industry and help 380 00:23:23,800 --> 00:23:28,000 Speaker 1: them to create these rare earth mineral batteries that are 381 00:23:28,080 --> 00:23:31,600 Speaker 1: so dangerous to the environment and so dangerous with child 382 00:23:31,680 --> 00:23:34,920 Speaker 1: labor and human rights. I mean, everything on the ev 383 00:23:35,160 --> 00:23:37,800 Speaker 1: side of it, especially related to China, sounds bad. 384 00:23:37,840 --> 00:23:39,400 Speaker 3: Why would the government fund that? 385 00:23:40,440 --> 00:23:45,919 Speaker 2: Yeah, it's just the power of the sustainability religion. I 386 00:23:46,000 --> 00:23:49,359 Speaker 2: call it the Second Prohibition era. One hundred years ago, 387 00:23:49,640 --> 00:23:53,399 Speaker 2: the temperance movement became obsessed with alcohol and alcohol was 388 00:23:53,440 --> 00:23:55,159 Speaker 2: a source of all evil in the world, that we 389 00:23:55,280 --> 00:24:00,000 Speaker 2: got the alcohol prohibition era. I think there's a similar 390 00:24:00,080 --> 00:24:04,679 Speaker 2: thing going on today where you have this sustainability movement 391 00:24:04,720 --> 00:24:08,320 Speaker 2: has become convinced that carbon is the source of all 392 00:24:08,359 --> 00:24:11,680 Speaker 2: evil in the world. That it causes. It causes hurricanes, 393 00:24:11,800 --> 00:24:17,240 Speaker 2: it causes heat waves, tornadoes, it's going to destroy everything. 394 00:24:18,400 --> 00:24:23,919 Speaker 2: The Bide administration called it the greatest existential threat to mankind, 395 00:24:24,040 --> 00:24:27,000 Speaker 2: that we were going to go extinct because of carbon mensions, 396 00:24:27,320 --> 00:24:30,960 Speaker 2: and so I think there's this obsession with that with 397 00:24:31,080 --> 00:24:35,520 Speaker 2: carbon prohibition, and then it drives perverse policy, just like 398 00:24:35,880 --> 00:24:39,719 Speaker 2: we saw a hundred years ago. With alcohol prohibition. I mean, 399 00:24:39,800 --> 00:24:42,720 Speaker 2: think of it that the Chinese, they haven't come into 400 00:24:42,720 --> 00:24:45,000 Speaker 2: this market just because they don't I just don't think 401 00:24:45,040 --> 00:24:48,080 Speaker 2: they feel like their products are competitive here. But they 402 00:24:48,080 --> 00:24:51,200 Speaker 2: have gone into Europe. They see that Europe is going 403 00:24:51,240 --> 00:24:57,520 Speaker 2: down this obsessive anti carbon policy line where they're eliminating 404 00:24:57,560 --> 00:24:59,840 Speaker 2: all of their fossil fuel vehicles. They make some of 405 00:24:59,880 --> 00:25:03,320 Speaker 2: the the best VW BMW, they make some of the 406 00:25:03,440 --> 00:25:07,600 Speaker 2: greatest internal combustion engines in the world, and their governments 407 00:25:07,600 --> 00:25:10,639 Speaker 2: are eliminating that advantage. And the Chinese have come in 408 00:25:10,680 --> 00:25:14,560 Speaker 2: and they've already taken about twelve percent of the European market. 409 00:25:15,119 --> 00:25:19,359 Speaker 2: Because of this carbon obsession that you've seen, that's causing 410 00:25:19,359 --> 00:25:24,800 Speaker 2: europe problems not only on their vehicle automaker front, but 411 00:25:24,880 --> 00:25:30,040 Speaker 2: also in places like their dependence on Russian natural gas. Right. 412 00:25:30,160 --> 00:25:34,280 Speaker 2: So yeah, you just you get the wrong public policy 413 00:25:34,280 --> 00:25:38,560 Speaker 2: in place and it causes all kinds of perverse incentives. 414 00:25:38,640 --> 00:25:41,359 Speaker 3: Let's take a quick commercial break. We'll continue next on 415 00:25:41,400 --> 00:25:42,800 Speaker 3: the Tutor Dixon podcast. 416 00:25:46,240 --> 00:25:49,679 Speaker 1: Last year, I think they were projecting three VW plants 417 00:25:49,680 --> 00:25:52,679 Speaker 1: closing in Germany, which I think is devastating. My first 418 00:25:52,680 --> 00:25:55,520 Speaker 1: car was a VW I had of Lkswagen Corrado. It 419 00:25:55,600 --> 00:25:58,200 Speaker 1: was like the coolest car. And my kids every day 420 00:25:58,359 --> 00:26:00,840 Speaker 1: they're always like punchbug. I mean this morning on the 421 00:26:00,840 --> 00:26:03,639 Speaker 1: way to school, they're looking for a VW bug to 422 00:26:03,640 --> 00:26:04,359 Speaker 1: punch each other. 423 00:26:04,520 --> 00:26:06,520 Speaker 3: You know, it's like it's part of our culture. And 424 00:26:06,520 --> 00:26:09,000 Speaker 3: to think that that's just gone. And you talked about 425 00:26:09,040 --> 00:26:10,000 Speaker 3: perverse policies. 426 00:26:10,040 --> 00:26:12,679 Speaker 1: I mean, obviously we've seen this over in Europe for 427 00:26:12,760 --> 00:26:15,560 Speaker 1: quite some time, but in Michigan we saw this up 428 00:26:15,600 --> 00:26:19,440 Speaker 1: close and personal because Gretchen Whitmer, she really did put 429 00:26:19,480 --> 00:26:22,639 Speaker 1: all of the Michigan eggs into the Evy basket. And 430 00:26:22,840 --> 00:26:26,520 Speaker 1: while we were seeing our industry decline and this is 431 00:26:26,560 --> 00:26:28,200 Speaker 1: our legacy, legacy industry. 432 00:26:28,240 --> 00:26:30,560 Speaker 3: As we were seeing the automotive. 433 00:26:30,000 --> 00:26:32,560 Speaker 1: Industry go to Tennessee, go to Kentucky, go to Ohio, 434 00:26:32,680 --> 00:26:35,040 Speaker 1: go to Indiana, she kept saying, We're going to get 435 00:26:35,040 --> 00:26:38,399 Speaker 1: the next battery plant and it never came. Do you 436 00:26:38,480 --> 00:26:41,320 Speaker 1: think that these politicians should be held accountable? I mean, 437 00:26:41,600 --> 00:26:44,639 Speaker 1: she is definitely running for president. What could be what 438 00:26:44,680 --> 00:26:46,560 Speaker 1: could happen to us if we end up with her 439 00:26:46,600 --> 00:26:47,560 Speaker 1: in Washington, d C. 440 00:26:48,720 --> 00:26:51,720 Speaker 2: Yeah, I mean, well, transparency and good reporting like you 441 00:26:51,760 --> 00:26:54,240 Speaker 2: do is important. I mean, you look at the battery 442 00:26:54,720 --> 00:27:00,960 Speaker 2: piece where battery production is enormously energy intensive. So if 443 00:27:00,960 --> 00:27:03,440 Speaker 2: you're the if you're the auto auto industry, where do 444 00:27:03,480 --> 00:27:05,640 Speaker 2: you where do you put your battery plans? You put 445 00:27:05,640 --> 00:27:09,000 Speaker 2: them down south where there's hydro. You put them in Tennessee, 446 00:27:09,920 --> 00:27:13,159 Speaker 2: you put them in uh, North Carolina, places that have 447 00:27:13,280 --> 00:27:16,880 Speaker 2: really low utility rates, because because it costs so much, 448 00:27:17,000 --> 00:27:18,960 Speaker 2: you're not going to put them in Michigan, you know, 449 00:27:20,000 --> 00:27:23,639 Speaker 2: just you know, because of uh, you know, geography and 450 00:27:23,680 --> 00:27:24,800 Speaker 2: other reasons. 451 00:27:24,720 --> 00:27:27,200 Speaker 1: And because we have the highest energy rates in the Midwest. 452 00:27:27,280 --> 00:27:29,439 Speaker 1: I mean, that's something that here you have the governor 453 00:27:29,480 --> 00:27:33,560 Speaker 1: who clearly knows that our energy costs the highest amount 454 00:27:33,560 --> 00:27:36,640 Speaker 1: in the entire Midwest. And yet Gretchen Whitmer said, yes, 455 00:27:36,720 --> 00:27:40,560 Speaker 1: push the ev industry that is highly energy intensive. AI 456 00:27:40,880 --> 00:27:42,920 Speaker 1: another industry, highly energy intensive. 457 00:27:42,960 --> 00:27:43,800 Speaker 3: Those are the future. 458 00:27:43,960 --> 00:27:46,320 Speaker 1: They're not coming to Michigan, or they were the future then, 459 00:27:46,920 --> 00:27:48,000 Speaker 1: and AI still is. 460 00:27:48,240 --> 00:27:49,800 Speaker 3: We still have the highest cost. 461 00:27:49,960 --> 00:27:52,600 Speaker 2: Right and so so those plants are going to other states, 462 00:27:52,640 --> 00:27:56,480 Speaker 2: and Whitmer's doubling down, eliminating the uh you know, the 463 00:27:56,480 --> 00:28:00,840 Speaker 2: fossil fuel industry here, shutting down cold plants. It just doesn't. Yeah, 464 00:28:00,840 --> 00:28:05,159 Speaker 2: I got a government just doesn't. It's not good at 465 00:28:05,200 --> 00:28:08,080 Speaker 2: running economies. And you're seeing that take place. I mean, 466 00:28:08,119 --> 00:28:11,840 Speaker 2: there's there's a there's a you know this this this 467 00:28:11,960 --> 00:28:16,800 Speaker 2: policy was so comprehensive by the Biden administration and the 468 00:28:16,800 --> 00:28:20,240 Speaker 2: Whitmer administration that they gave one hundred and sixty million 469 00:28:20,320 --> 00:28:24,399 Speaker 2: dollars to an electric bus company called Lyon, which has 470 00:28:24,440 --> 00:28:28,280 Speaker 2: supplied a lot of school districts, including districts here in Michigan. 471 00:28:28,280 --> 00:28:32,800 Speaker 2: There's the school district east of west of ann Arbor 472 00:28:32,840 --> 00:28:37,399 Speaker 2: here that that got a bunch of electric buses from Lyon. 473 00:28:37,720 --> 00:28:41,960 Speaker 2: Guess what, Lyon went bankrupt. They went bankrupt, So now 474 00:28:42,000 --> 00:28:45,360 Speaker 2: they can't service the buses. The you know, this school 475 00:28:45,400 --> 00:28:48,280 Speaker 2: district which paid three hundred and fifty thousand dollars for 476 00:28:48,320 --> 00:28:50,920 Speaker 2: each one of these school buses versus a typical one 477 00:28:51,000 --> 00:28:54,080 Speaker 2: hundred and fifty thousand dollars diesel bus. All of a sudden, 478 00:28:54,120 --> 00:28:57,600 Speaker 2: they just have these bricks in their parking lot because 479 00:28:57,640 --> 00:29:00,840 Speaker 2: the government pushed it, pushed it on them. Then the 480 00:29:00,920 --> 00:29:02,760 Speaker 2: company went bankrupt and now they have to go back 481 00:29:02,840 --> 00:29:08,960 Speaker 2: to diesel buses. You know, it's created so many perverse 482 00:29:09,800 --> 00:29:12,560 Speaker 2: incentives and now let's say even hurting school districts in 483 00:29:12,600 --> 00:29:13,000 Speaker 2: this state. 484 00:29:13,560 --> 00:29:14,840 Speaker 3: I mean, but you're absolutely right. 485 00:29:14,880 --> 00:29:17,000 Speaker 1: I think this is such a good lesson in be 486 00:29:17,120 --> 00:29:19,920 Speaker 1: careful who you elect and be careful what they're saying. 487 00:29:20,000 --> 00:29:22,959 Speaker 1: I mean, right now, we have elected officials in Michigan 488 00:29:23,000 --> 00:29:24,360 Speaker 1: who are running for higher office. 489 00:29:24,400 --> 00:29:27,320 Speaker 3: I mean, Mallory mcmarrow is one of them. That comes 490 00:29:27,360 --> 00:29:27,800 Speaker 3: to mind. 491 00:29:28,120 --> 00:29:30,920 Speaker 1: She has said she wants to put a tax on 492 00:29:31,000 --> 00:29:34,720 Speaker 1: Lions games. The minute the Lions started winning, Democrats wanted 493 00:29:34,760 --> 00:29:37,520 Speaker 1: to tax Lions games. So let's put an entertainment tax in. 494 00:29:37,920 --> 00:29:40,480 Speaker 1: And there were people across the state that said, well, 495 00:29:40,520 --> 00:29:42,400 Speaker 1: we'll just do it in Detroit, and she came out 496 00:29:42,400 --> 00:29:44,840 Speaker 1: and said, let's put an entertainment tax in on the 497 00:29:45,040 --> 00:29:47,000 Speaker 1: entire state. And I just think that this is a 498 00:29:47,040 --> 00:29:49,520 Speaker 1: critical time for us to look at who's running for 499 00:29:49,640 --> 00:29:53,080 Speaker 1: office and make sure they are not promoting these perverse 500 00:29:53,120 --> 00:29:57,800 Speaker 1: policy policies of huge government and government taking over anything everything, 501 00:29:57,880 --> 00:30:01,400 Speaker 1: because ultimately we end up with intries that don't function. 502 00:30:01,560 --> 00:30:04,400 Speaker 1: And we're thankful that the auto industry seems to be 503 00:30:04,440 --> 00:30:06,560 Speaker 1: coming back, and I hope that it comes back big 504 00:30:06,600 --> 00:30:07,960 Speaker 1: time in the state of Michigan. 505 00:30:08,160 --> 00:30:09,880 Speaker 3: But I know you'll keep us posted on. 506 00:30:09,800 --> 00:30:12,720 Speaker 2: That absolutely, but always always willing to talk Tutor. 507 00:30:13,200 --> 00:30:14,800 Speaker 3: Well, thank you so much for coming on. 508 00:30:14,920 --> 00:30:17,360 Speaker 1: Henry Payne, you can find him at the Detroit News 509 00:30:17,400 --> 00:30:19,240 Speaker 1: and you can find him on the radio, but he's 510 00:30:19,280 --> 00:30:21,239 Speaker 1: definitely a wealth of information for us. 511 00:30:21,280 --> 00:30:22,840 Speaker 3: Thank you so much for coming on today. 512 00:30:23,200 --> 00:30:24,760 Speaker 2: Yeah. Thanks, great to be with you. 513 00:30:25,120 --> 00:30:27,360 Speaker 1: Absolutely, and thank you all for joining us on the 514 00:30:27,400 --> 00:30:30,000 Speaker 1: Tutor Dixon Podcast. For this episode and others, go to 515 00:30:30,040 --> 00:30:34,040 Speaker 1: Tutor Dixon podcast dot com, the iHeartRadio app, Apple Podcasts, 516 00:30:34,120 --> 00:30:36,680 Speaker 1: or wherever you watch listen to your podcast. You can 517 00:30:36,720 --> 00:30:39,360 Speaker 1: watch it on Rumble and YouTube at Tutor Dixon and 518 00:30:39,480 --> 00:30:40,440 Speaker 1: join us the next time. 519 00:30:40,600 --> 00:30:41,320 Speaker 3: Have a blessing.