#Markets: Loyal doubts about POTUS re-election. Liz Peek The Hill. Fox News and Fox Business
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 20 September 2023
⏱️ 5 minutes
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Summary
#Markets: Loyal doubts about POTUS re-election. Liz Peek The Hill. Fox News and Fox Business
https://www.realclearpolitics.com/video/2023/09/13/david_ignatius_biden_should_not_run_again_in_2024_were_running_out_of_time_to_find_a_replacement.html
1929 LA
Transcript
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| 0:00.0 | I'm John Bashar with Elizabeth Peek, my colleague. |
| 0:08.4 | She is a calmness at the hill, calmness at Fox News, much on Fox Business. |
| 0:13.0 | The United Hour of Workers union threatened to widen the strikes against Detroit's car |
| 0:17.5 | makers, writes the Wall Street Journal within these hours, while Wall Street analysts |
| 0:22.2 | tallied potential hits to the company's bottom line, from wage increases that now seems |
| 0:27.5 | certain. |
| 0:28.7 | I read this list not only because the strike is underway, and the leadership at the |
| 0:35.8 | UAW is saying we may expand this strike so that it's no longer here or there, it's everywhere. |
| 0:43.0 | But also because part of this story I've been told is about green technology, is about |
| 0:49.0 | the subsidies for the EVs, is about switching plants to making EVs. |
| 0:55.1 | The fact is EV making is doesn't require the same size of the workforce that making gasoline |
| 1:03.3 | driven cars requires. |
| 1:06.5 | Also EV jobs can move to non-union states. |
| 1:10.8 | So there is part of this strike is about wages, certainly a profound part is immediately |
| 1:16.5 | impacting the economy. |
| 1:18.5 | But it's also about the UAW can see the future, and it's not about union management. |
| 1:23.8 | It's about green technology and non-union plants. |
| 1:27.7 | Joe Biden doesn't have an answer to that because his agenda is driving the EV market. |
| 1:33.6 | Yeah, so because Joe Biden is pushing the transition to EVs very hard, very rapidly, mandating |
| 1:43.3 | tailpipe emissions numbers that would basically require more than three quarters of all, sorry, |
| 1:49.6 | more than two thirds of all automobiles by 2032 to be EVs, the union is looking at |
| 1:55.7 | a substantial decline in their membership. |
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