https://theconservativetreehouse.com/2021/05/25/biden-administration-will-import-metals-and-close-u-s-mines-to-appease-environmental-wing-of-party/
When Obama said “share the wealth” he wasn’t speaking exclusively toward domestic socioeconomic policy; he was also pointing out that America needed to share wealth with other nations. This is the ideological alignment between Barack Obama and Osama Bin Laden. Above all other issues Osama Bin Laden despised the wealth the U.S. carried as a result of the dollar being the international trade currency. Thus the 9/11 attack was directed at the World Trade Center first, then DC second.
If you accept Biden is an avatar for Obama’s third term, then everything in the economic policy makes sense. Including this:
“U.S. President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told Reuters.” (link)
Beyond the hypocrisy of ‘global’ climate change being irrelevant to where the mining takes place (duh), what the administration is doing is letting our mining operations close while importing the same product. This is a continuation of what policies created the “rust belt”. Then there’s the pesky problem of the cars actually being built in Mexico, not the U.S…. but we need to ignore that part.
Example #2 of JoeBama policy comes from the Emerald Isle laughing at the U.S.A. as Biden kicks out U.S. companies by raising corporate taxes.
“Ireland has no plans to increase its corporate tax rate – one of the lowest in the developed world – the country’s finance minister has told Sky News, which could scupper Joe Biden’s radical scheme for a global minimum rate.”
[…] “He predicted that Ireland will maintain its 12.5% corporate tax rate for many years to come.
In an exclusive interview with Sky News, Mr Donohoe said: “We do have really significant reservations regarding a global minimum effective tax rate status at such a level that it means only certain countries, and certain size economies can benefit from that base – we have a really significant concern about that.” (read more)