In The Tank

Latest Episodes:

357. How Bad Is The Inflation Reduction Act? Aug 05, 2022

Show notes

The Heartland Institute's Donald Kendal, Jim Lakely, and Justin Haskins present episode 357 of the In The Tank Podcast. The Biden Administration is scrambling to get something accomplished before the midterms. Their latest attempt at a piece of comprehensive legislation is labeled the "Inflation Reduction Act." Despite the name of the bill, the legislation has far more to do with energy policy and increasing taxes. The ITT crew weighs in on this important topic. Also, Florida Governor Ron DeSantis seems to have joined the fight against ESG.

PRIMARY TOPIC – HOW BAD IS THE INFLATION REDUCTION ACT?

Senate Democrats – Inflation Act One Page Summary
https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf

NYP - White House admits Inflation Reduction Act, pushed by Manchin, Schumer, will barely impact inflation
https://nypost.com/2022/08/01/white-house-admits-inflation-reduction-act-will-barely-impact-inflation/

Cato - Inflation Reduction Act
https://www.cato.org/blog/inflation-reduction-act

WSJ - ‘Inflation Reduction Act’ Is an Insult to Used-Car Salesmen
https://www.wsj.com/articles/inflation-reduction-act-is-an-insult-to-used-car-salesmen-deficit-reduction-tax-increases-spending-semiconductors-stimulus-build-back-better-11659363843

HDN - Harsanyi: ‘Inflation Reduction Act’ Does Nothing To Lower Inflation
https://heartlanddailynews.com/2022/07/harsanyi-inflation-reduction-act-does-nothing-to-lower-inflation/

HDN - Inflation Reduction Act—or Radical Green New Deal? (Opinion)
https://heartlanddailynews.com/2022/07/inflation-reduction-act-or-radical-green-new-deal-opinion/

Forbes - Inflation Reduction Act: Faustian Bargain Could Jeopardize Offshore Wind, Renewable Energy On Federal Lands
https://www.forbes.com/sites/allanmarks/2022/08/03/inflation-reduction-act-faustian-bargain-could-jeopardize-offshore-wind-renewable-energy-on-federal-lands/

Investopedia - How Large Corporations Avoid Paying Taxes
https://www.investopedia.com/financial-edge/0512/how-large-corporations-get-around-paying-less-in-taxes.aspx

SECONDARY TOPIC – DESANTIS TAKES A SWING AT ESG

FL Gov - Governor Ron DeSantis Announces Initiatives to Protect Floridians from ESG Financial Fraud
https://flgov.com/2022/07/27/governor-ron-desantis-announces-initiatives-to-protect-floridians-from-esg-financial-fraud/

Fox News - DeSantis announces plan to combat ESG influence in Florida
https://www.foxnews.com/media/desantis-announces-plan-combat-esg-influence-florida-invest

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356. Why Are The Climate Change Solutions So Terrible? Jul 29, 2022

Show notes

The Heartland Institute's Donald Kendal, Jim Lakely, and Chris Talgo present episode 356 of the In The Tank Podcast. Why is it that all the climate change solutions coming from any one of consequence on the left are terrible? From over-reliance on wind and solar to destroying our agricultural sectors, they never seem to run out of terrible ideas. Also, a new report from the World Economic Forum seems to bolster the globalist claim that “in the future, you will own nothing.” The ITT crew talks about these topics and more.

OPENING CHIT CHAT – REDEFINING TERMS

Washington Times - Biden administration desperately tries to ‘reimagine’ definition of recession
https://www.washingtontimes.com/news/2022/jul/27/biden-administration-desperately-tries-reimagine-d/

PRIMARY TOPIC – WORST CLIMATE CHANGE SOLUTIONS

CNN - US officials say 'biggest fear' has come true as Russia cuts gas supplies to Europe
https://www.cnn.com/2022/07/26/politics/us-russia-europe-gas/index.html

Bloomberg - European Power Jumps as Low Wind Is Exacerbating Energy Crisis
https://www.bloomberg.com/news/articles/2022-06-29/dearth-of-wind-power-risks-exacerbating-germany-s-energy-crisis

Fortune - There’s such a thing as too much sun for solar panels, and Europe’s solar industry is starting to buckle
https://fortune.com/2022/07/19/europe-solar-panels-lose-efficiency-in-high-temperatures/

Fox News - Rush toward green energy has left US 'incredibly' vulnerable to summer blackouts, expert warns
https://www.foxnews.com/us/rush-green-energy-has-left-us-incredibly-vulnerable-summer-blackouts-expert-warns

AGRICULTURAL SECTOR

Bloomberg - Trudeau Spars With Farmers on Climate Plan Risking Grain Output
https://www.bloomberg.com/news/articles/2022-07-27/trudeau-spars-with-farmers-on-climate-plan-cutting-fertilizer-grain-output

Governing - The Biden Administration Will Pay Farmers More Money Not to Farm
https://www.governing.com/now/the-biden-administration-will-pay-farmers-more-money-not-to-farm

UK Gov - How to apply for a lump sum payment to leave or retire from farming
https://www.gov.uk/government/publications/apply-for-a-lump-sum-payment-to-leave-or-retire-from-farming/how-to-apply-for-a-lump-sum-payment-to-leave-or-retire-from-farming

SECONDARY TOPIC – IN THE FUTURE, YOU WILL OWN NOTHING

WEF - 3 circular economy approaches to reduce demand for critical metals
https://www.weforum.org/agenda/2022/07/3-circular-approaches-to-reduce-demand-for-critical-minerals/

WEF - Are cars an urban design flaw? Cities advance car-free zones
https://www.weforum.org/agenda/2022/02/are-cars-an-urban-design-flaw/

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

355. Biden to Declare ‘Climate Emergency’? Jul 27, 2022

Show notes

The Heartland Institute's Jim Lakely, Chris Talgo, and S.T. Karnick talk about the growing possibility that President Biden will officially declare a "climate emergency," seizing broad powers to shove the Green New Deal down our throats.

Biden's climate speech in Massachusetts on Wednesday was a mess, and didn't go that far, but what if he does? The In The Tank crew discuss on episode #355 of the podcast.

We also cover the one-year anniversary of Biden assuring America that rising inflation was only "temporary," and how Transportation Secretary Pete Buttigieg is glad gas prices are high, all the better to get people into electric vehicles. Speaking of those, a real-world test of an electric Ford F-150 towing a trailer went poorly ... as anyone with a brain would have suspected.

OPENING CHIT CHAT

Biden said one year ago today: No serious economist sees runaway inflation.

PRIMARY TOPIC – Biden to Declare ‘Climate Emergency’?

White House - Biden’s Executive Actions on Climate to Address Extreme Heat and Boost Offshore Wind

https://www.whitehouse.gov/briefing-room/statements-releases/2022/07/20/fact-sheetpresident-bidens-executive-actions-on-climate-to-address-extreme-heat-and-boost-offshore-wind/

WSJ editorial - The ‘Beast Mode’ Presidency?: For Biden to declare a ‘climate emergency’ would be a serious abuse of power.

https://www.wsj.com/articles/the-beast-mode-presidency-joe-biden-climate-emergency-democrats-sheldon-whitehouse-supreme-court-11658268249

Bloomberg - Senate Democrats Urge Biden to Declare a ‘Climate Emergency’

https://www.bloomberg.com/news/articles/2022-07-19/senate-democrats-urge-biden-to-declare-a-climate-emergency?cmpid=BBD071922_OUS

Bloomberg - White House Considers Emergency Declaration to Fight Climate Change

https://www.bloomberg.com/news/articles/2022-07-19/white-house-mulls-emergency-declaration-to-fight-climate-change

WashPost - Biden eyes climate emergency declaration as Democrats demand swift action

https://www.washingtonpost.com/climate-environment/2022/07/18/biden-climate-emergency-manchin/

The Federalist - Biden Has No Right To Declare A ‘National Climate Emergency’

https://thefederalist.com/2022/07/19/biden-has-no-right-to-declare-a-national-climate-emergency/

RedState - Biden Now Considering Climate Move That Will Devastate Country

https://redstate.com/nick-arama/2022/07/19/biden-now-considering-climate-move-that-will-devastate-country-n597683

Gina McCarthy – “He is going to move forward with every power available to him to make the change and the shift to clean energy.”

https://twitter.com/RNCResearch/status/1549755395601829889

SECONDARY TOPIC – Pete Buttigieg Keeps Hammering on Electric Cars

Says he’s “astonished” that people won’t pay $55k for an electric car, and that higher gas prices mean more “opportunities” for people to choose electric. [Jim will make video clip]

Electric Truck towing contest

https://www.hotcars.com/towing-contest-ford-f-150-lightning-pickup-gmc-sierra-denali/

354. Disturbing Poll Results on SCOTUS & The Constitution Jul 15, 2022

Show notes

The Heartland Institute's Donald Kendal, Jim Lakely, and Chris Talgo present episode 354 of the In The Tank Podcast. A new poll, recently conducted by Rasmussen Reports, shows some disturbing results about Democrats positions on the Supreme Court and the Constitution. The ITT crew breaks down the numbers and discusses what they mean for our country. Also, do we have to endure high gas and energy prices to protect democracy? That seems to be the message from the elites at the World Economic Forum.

OPENING CHIT CHAT – BIDEN BAD POLL NUMBERS

Yahoo - Poll: Just 18% of Americans say Biden should run for reelection in 2024 — a new low
https://news.yahoo.com/poll-just-18-of-americans-say-biden-should-run-for-reelection-in-2024-a-new-low-140538311.html

PRIMARY TOPIC –DISTURBING POLL RESULTS ABOUT SCOTUS AND THE CONSTITUTION

Heartland Institute – Majority of Democrats Would Abolish Supreme Court, Call It “Racist” and “Sexist”
https://www.heartland.org/news-opinion/news/heartlandrasmussen-poll-majority-of-democrats-would-abolish-supreme-court-call-it-racist-and-sexist

Heartland Institute - Majority of Democrats Believe Constitution Is ‘Rooted in Racism’ and ‘Sexist’
https://www.heartland.org/news-opinion/news/heartlandrasmussen-poll-majority-of-democrats-believe-constitution-is-rooted-in-racism-and-sexist

SECONDARY TOPIC – HIGH ENERGY PRICES TO SAVE DEMOCRACY?

Breitbart – World Economic Forum: Gas Prices Must Go Even Higher—To Save Democracy
https://www.breitbart.com/environment/2022/07/11/world-economic-forum-says-democracy-is-dying-ditch-fossil-fuels-and-save-it/

NYP - Still suffering at the pump? Get used to it — it’s Joe Biden’s liberal world order
https://nypost.com/2022/07/03/get-used-to-suffering-at-the-pump-its-joes-world-order/

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

353. ESG Wreaking Havoc. Energy and Education Sanity? Jul 08, 2022

Show notes

The Heartland Institute's Donald Kendal, Jim Lakely, Chris Talgo present episode 353 of the In The Tank Podcast. ESG standards and sustainability goals are reeking havoc in the agricultural sectors. Farmer protests are starting in countries around the world. And also, are we turning a corner in energy and education towards… sanity? The ITT crew talks about this and more on episode 353 of the In The Tank Podcast.

OPENING CHIT CHAT

Cost of a 4th of July Cookout 2021/2022
https://twitter.com/jlakely/status/1541540280452759553

PRIMARY TOPIC – ESG CRONYISM ALREADY WREAKING HAVOC

Epoch Times - Uncovering the White House’s Secret Meetings With BlackRock
https://www.theepochtimes.com/uncovering-the-white-houses-secret-meetings-with-blackrock_4550635.html

(Video) Dan Bongino Unfiltered discusses WH/Blackrock meetings
https://www.fox.com/watch/6b5f2813d05784759eff9ef8074dd1fa/

Reuters - Dutch gov't sets targets to cut nitrogen pollution, farmers to protest
https://www.reuters.com/world/europe/dutch-govt-sets-targets-cut-nitrogen-pollution-farmers-protest-2022-06-10/

Reuters - Fertiliser ban decimates Sri Lankan crops as government popularity ebbs
https://www.reuters.com/markets/commodities/fertiliser-ban-decimates-sri-lankan-crops-government-popularity-ebbs-2022-03-03/

SECONDARDY TOPICS – ENERGY AND EDUCATION SANITY

Reuters - EU parliament backs labelling gas and nuclear investments as green
https://www.reuters.com/business/sustainable-business/eu-parliament-vote-green-gas-nuclear-rules-2022-07-06/

Forbes - Natural Gas, Nuclear Go Green In The EU
https://www.forbes.com/sites/davidblackmon/2022/07/06/natural-gas-nuclear-go-green-in-the-eu/?sh=288a2c120652

Heartland Daily News - Arizona Extends School Choice to All K-12 Students
https://heartlanddailynews.com/2022/06/arizona-extends-school-choice-to-all-k-12-students/

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

352. Huge SCOTUS EPA Decision, Anti-SCOTUS Rhetoric Increasing Jul 01, 2022

Show notes

The Heartland Institute's Donald Kendal, Jim Lakely, Chris Talgo, and S.T. Karnick are joined by Steve Milloy, creator and publisher of JunkScience.com, for episode 352 of the In The Tank Podcast. On this episode, the ITT crew talks about the Supreme Court’s recent ruling against the EPA’s ability to regulate carbon dioxide emissions. Also, the left in response is having a collective meltdown.

SCOTUS EPA DECISION

Fox News - One more blockbuster Supreme Court decision could still be coming even after Friday's abortion ruling
https://www.foxnews.com/opinion/one-more-blockbuster-supreme-court-decision-could-still-be-coming-after-fridays-abortion-ruling

Heartland Institute - A Consequential Term at the Supreme Court About to End
https://www.heartland.org/news-opinion/news/a-consequential-term-at-the-supreme-court-about-to-end

NYT - Republican Drive to Tilt Courts Against Climate Action Reaches a Crucial Moment
https://www.nytimes.com/2022/06/19/climate/supreme-court-climate-epa.html

ANTI-SCOTUS RHETORIC INCREASING

CNS News - AOC: 'President Biden Should Entertain Expansion of the Supreme Court'
https://www.cnsnews.com/index.php/article/washington/susan-jones/aoc-president-biden-should-entertain-expansion-supreme-court

Newsweek - Can Democrats Expand the Supreme Court and How Likely Is it?
https://www.newsweek.com/can-democrats-expand-supreme-court-how-likely-it-1720256

The Guardian - Republicans have hijacked the US supreme court. It’s time to expand it
https://www.theguardian.com/commentisfree/2022/jun/27/us-supreme-court-abortion-roe-v-wade-justices-expansion

National Review - Biden Remains Opposed to Court-Packing Despite Roe Reversal, White House Confirms
https://www.nationalreview.com/news/biden-remains-opposed-to-court-packing-despite-roe-reversal-white-house-confirms/

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

351: The Planned Destruction of Reliable Energy, Biden the Fall Guy? Jun 24, 2022

Show notes

The Heartland Institute's Donald Kendal, Jim Lakely, and Chris Talgo present episode 351 of the In The Tank Podcast. On this episode, the ITT crew talks about the current adminstration’s plan to destroy the reliable energy sector of this country. Also, they talk about the contradictions in everything Biden is doing as well as the likelihood that the Democratic establishment is gearing up to jettison Biden at the next opportunity. They talk about this and more in episode 351 of the In The Tank Podcast.

OPENING CHIT CHAT – DEMS CUTTING BIDEN LOOSE?

538 – Biden Approval Rating
https://projects.fivethirtyeight.com/biden-approval-rating/

CNN - Ocasio-Cortez won't commit to backing Biden in 2024: 'We'll cross that bridge when we get to it'
https://www.cnn.com/2022/06/12/politics/alexandria-ocasio-cortez-biden-reelection-2024-cnntv/index.html

The Hill - Biden can’t escape questions on his age
https://thehill.com/homenews/administration/3532095-biden-can%E2%80%8B%E2%80%8Bt-escape-questions-on-his-age/

THE PLANNED DESTRUCTION OF RELIABLE ENERGY

Climate Champions - ‘Race to Zero’ campaign updates criteria to raise the bar on net zero delivery
https://climatechampions.unfccc.int/criteria-consultation-3-0/

UN – Race to Zero Campaign
https://unfccc.int/climate-action/race-to-zero-campaign

BIDEN SUSPENDS FEDERAL GAS TAX

CNN - Biden will call for 3-month suspension of gas tax, though officials acknowledge it 'alone won't fix the problem'
https://www.cnn.com/2022/06/22/politics/gas-tax-suspension-biden/index.html

Illinois Policy Institute - The Illinois Fuel & Retail Association has agreed to post signage notifying drivers of the delayed gas tax hike, and an explanation of why gas in Illinois is so expensive.
https://www.illinoispolicy.org/illinois-gas-station-owners-fight-pritzker-mandate-with-gas-tax-signs/#:~:text=Pritzker's%20gasoline%20tax%20hikes,be%20two%20hikes%20in%202023.

Tax Foundation - How High are Gas Taxes in Your State?
https://taxfoundation.org/state-gas-tax-rates-2021/

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

350. Breaking Down the Biden Energy Narrative Jun 17, 2022

Show notes

The Heartland Institute's Donald Kendal, and Linnea Lueken are joined by Isaac Orr from the Center of the American Experiment and Jason Hayes from the Mackinac Center for Public Policy for episode 350 of the In The Tank Podcast. On this episode, the ITT crew talks about all the excuses that are being spun to shield the Biden Administration and his energy policies from the rising prices for gas and energy. The ITT crew sets out to separate the facts from the fiction.

OPENING CHIT CHAT

WSJ - Climate-Change Censorship: Phase Two
https://www.wsj.com/articles/climate-censorship-phase-two-gina-mccarthy-social-media-biden-white-house-11655156191?st=0inyrmh1n3e5bb2&reflink=desktopwebshare_twitter

GAS PRICE RISE NARRATIVE

Fox Business - Record high gas prices: West Virginia, Montana, Colorado see biggest weekly jumps
https://www.foxbusiness.com/economy/record-high-gas-prices-west-virginia-montana-colorado-see-biggest-weekly-jumps

Washington Post - Fossil fuel leasing program undercuts Biden's climate goals, report says
https://www.washingtonpost.com/politics/2022/06/15/fossil-fuel-leasing-program-undercuts-biden-climate-goals-report-says/

AP News - Biden tells oil refiners: Produce more gas, fewer profits
https://apnews.com/article/russia-ukraine-biden-covid-health-f73c882b0664a5d5dd62635a9a65364c

ExxonMobil – Response to Biden
https://corporate.exxonmobil.com/News/Newsroom/News-releases/2022/0615_ExxonMobil-statement-regarding-President-Biden-Letter-to-Oil-Industry

IER - Another U.S. Refinery Slated to Close
https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/another-u-s-refinery-slated-to-close/

ENERGY SHORTAGES

WSJ - Why Electricity Blackouts Are Coming to Michigan
https://www.wsj.com/articles/why-electricity-blackouts-are-coming-to-michigan-nuclear-power-plant-green-energy-renewable-climate-11653685521?mod=article_inline

Washington Post – A summer of blackouts
https://www.washingtonpost.com/business/2022/06/02/blackout-states-summer-heat/

WSJ - ‘That Could Never Happen in America,’ I Once Thought
https://www.wsj.com/articles/blackout-rolling-electricity-power-venezuela-america-11654185555

Reuters - U.S. Midwest may have summer power shortages for years
https://www.reuters.com/business/energy/us-midwest-may-have-summer-power-shortages-years-2022-06-10/#:~:text=On%20Friday%2C%20MISO%20released%20a,responses%20over%20the%20next%20year.&text=One%20gigawatt%20can%20power%20about,on%20a%20hot%20summer%20day

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

349. Brace for a Financial Hurricane? Doubling Down on Renewable Energy Jun 10, 2022

Show notes

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/

[Please subscribe to the Heartland Daily Podcast for free on iTunes at this link.]

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