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349. Brace for a Financial Hurricane? Doubling Down on Renewable Energy

June 10, 2022

The ITT crew talks about the upcoming January 6 hearings, the general state of the economy, and the Biden Administration’s doubling down on renewable energy.

The Heartland Institute's Donald Kendal, Jim Lakely, and Chris Talgo present episode 349 of the In The Tank Podcast. On this episode, the ITT crew talks about the upcoming January 6 hearings, the general state of the economy, and the Biden Administration’s doubling down on renewable energy. We talk about all this and more on episode 349 of the In the Tank Podcast.

 

AWAITING A FINANCIAL HURRICANE?

POTUS TWEET – “America has achieved the most robust recovery in modern history”
https://twitter.com/POTUS/status/1533811782367727616

White House - Remarks by President Biden on the May Jobs Report
https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/06/03/remarks-by-president-biden-on-the-may-jobs-report-2/

CNBC - Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
https://www.cnbc.com/2022/06/01/jamie-dimon-says-brace-yourself-for-an-economic-hurricane-caused-by-the-fed-and-ukraine-war.html

Fortune - Former U.S. Treasury head Larry Summers says a recession is ‘the most likely thing’
https://fortune.com/2022/04/14/larry-summers-recession-likely-interest-rates-unemployment/

Yahoo - Tesla: Musk’s Economy Warning Demands Attention, Says Morgan Stanley
https://finance.yahoo.com/news/tesla-musk-economy-warning-demands-221538694.html

Markets Insider – (Counterpoint: JPMorgan's chief economist says there's no reason to be worried about a US recession, with the private sector in 'remarkable' shape
https://markets.businessinsider.com/news/stocks/us-recession-no-reason-worry-jpmorgan-economist-consumer-corporate-spending-2022-6

NPR - Treasury Secretary Janet Yellen says she was wrong about the risks of inflation
https://www.npr.org/2022/06/01/1102364460/yellen-inflation

(video) Janet Yellen ignores question about inflation and government spending
https://www.youtube.com/watch?v=qzH2CpumOHE

 

DOUBLING DOWN ON UNRELIABLE ENERGY

Barron’s - Yellen Says New Biden Investments Can Counter Inflation
https://www.barrons.com/news/yellen-says-new-biden-investments-can-counter-inflation-01654618508?tesla=y

USA Today - Biden is using the Defense Production Act to make more solar panels, other clean-energy technology
https://www.usatoday.com/story/news/politics/2022/06/06/biden-defense-production-act-solar-panels/7532045001/

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Author
Donald Kendal is a graphic designer for The Heartland Institute, a research fellow for Heartland's Socialism Research Center, and the host of Heartland's In the Tank Podcast and Stopping Socialism TV.
dkendal@heartland.org @InTheTankPod
Author
Jim Lakely is the Vice President and Director of Communications of The Heartland Institute.
jlakely@heartland.org @jlakely
Author
Chris Talgo is senior editor at The Heartland Institute and a research fellow for Heartland’s Socialism Research Center.
ctalgo@heartland.org