Congress's Massive $1.2 Trillion Dollar New Stimulus Checks | A Big Trick.

well folks we got click baited bye

Democrats now that's not to make fun of

Democrats it's also not to make fun of

Republicans remember I try my best to be

in the middle it's just to say we got

did we got clickbaited and that's

because in a new report out from Goldman

Sachs the actual inflation reduction act

which was supposed to

reduce the budget deficit you remember

that the idea was we're gonna pass the

inflation reduction act because it's

actually going to reduce government

spending over 10 years because we're

going to hire 80 000 new IRS agents to

audit more Americans and get more taxes

for our spending programs

well the idea was it was going to reduce

our budget debt but according to a new

report by Goldman Sachs apparently all

of the Seven Cities in the inflation

reduction act are actually going to cost

three times more than originally

estimated potentially up to an

additional

1.2 trillion dollars the Congressional

budget office originally forecasted that

the green subsidies would cost around

391 billion dollars between 2022 and

2031 and that number would then be

offset by more auditing via IRS agents

and recaptures and cutting in whatever

places

well unfortunately since that 391

billion dollars in spending will

actually be closer to 1.2 trillion

dollars in spending according to Goldman

Sachs it appears that accounting tricks

have helped reduce the way the

Congressional budget office actually

ended up calculating what the cost of

the inflation reduction Act was which

means that Congress men and women were

actually misled on the cost of the

inflation reduction act by a factor of

three which also means the Tailwinds for

the energy sector and the electric car

sector and Battery sector are probably

three times as great as what we

previously assumed them to be so this is

kind of like a good news bad news piece

but I was excited to talk about this

because Matt core's sup man popped in

and said why is everyone so focused on

fighting inflation via Fed rate hikes

rather than slowing down government

spending well it's because even when the

government tells us that temporary

program is going to save us money it

actually ends up costing more money

because after all there is nothing more

permanent than a temporary government

program

let that one sink in

so how exactly well here you go electric

vehicles are going to be about 380

billion dollars more expensive than

previously thought why because more

vehicles are actually meeting the

criteria than the Congressional budget

office previously estimated remember at

the beginning of the year when everybody

freaked out that some SUVs were eligible

for the 7 500 tax credit and the Tesla

Model y wasn't eligible for it along

with some other vehicles why did it seem

so stupid that Congress would pass

something that would give electric

vehicles a 7 500 tax credit but only

some and not others it almost felt

politically motivated or it was an

accounting trick from day one to get the

bill to pass under the guise that oh

wait a minute this is not gonna cost

that much let's pass it and then you got

click bait and actually does cost a lot

now I want you to know something before

I go through some more of the details

here okay this is really important I

know it's not a reminder to check out

the sponsored links on life insurance or

the courses on building your wealth or

12 free stocks with Weeble and the links

Down Below in the description it's

actually a reminder to teach you

something very very important about

politics

Democrats generally want to pass more

spending

that is obvious I think we can all agree

with that right

Republicans generally want less spending

and Democrats like potentially higher

taxes and Republicans sometimes like

lower taxes right that's that's a

general theme that's not true in every

case it's not true for every person but

that's a generalization if we were to

make one right

but watch this okay you're ready for

this because this is this is the most

ridiculous part about politics and you

should vomit over this in fact it's so

ridiculous that I'm going to draw how

ridiculous it is for you okay watch this

so when a Democrat

raises

spending and they say you know what

we're going to make spending go up that

is we're gonna spend more money on green

uh energy and we're gonna raise taxes or

whatever what usually happens is

Republicans get mad because they don't

want to raise spending so Republicans

potentially then get voted into office

right so when you see a democratic

regime turn into a republican regime

what do the Republicans do about that

increased spending do they cut that

increased spending well wait a minute

what is that increased spending well

that increased spending is actually a

subsidy for Ev uh for EVS like electric

vehicles or solar or whatever right or

solar or Energy Products right it's a

subsidy which means it makes it cheaper

for you to buy it but wait a minute if

Republicans get rid of a subsidy then

getting rid of the subsidy is actually a

tax increase and Republicans don't like

tax increases oh God no we don't want to

increase taxes so what happens Democrats

spend more money and the Republicans

don't cut the subsidies because that

would be a tax increase and they don't

like that so they keep the programs so

in other words in a nutshell any

temporary program from the government

basically turns out to be permanent

because if you rug pull it away again

you basically just raise taxes and

nobody wants to do that

so

politics is a joke

with that said let's keep going so

electric vehicles are expecting to cost

379 billion dollars more thanks to

expanded definitions of what kind of

vehicles are actually covered Ford's

battery plant in partnership with the

Chinese catl uh battery manufacturer

which is a Tesla supplier as well will

cost the government approximately 1.5

billion dollars a year in credits alone

this will help reduce the cost of

battery production about 35 to 42

percent which is fantastic listen I

wanna I want you to hear this very very

closely okay

listen very closely

if you like investing where stimulus

checks go look at pricing Power electric

vehicle Place energy plays and Chip

place because the government is sending

massive billions of dollars of stemi

checks to them and if they told you the

number was X you could basically say the

number is 2 to 3x because that's what

happens with government spending which

means it's kind of like they're sending

a stemi check to you for a thousand

dollars but when you get it it's

accidentally three thousand dollars and

you're like just not gonna say anything

so hello if you're investing in stocks

think about that for a moment and yeah

wherever Steve is yeah that could be a

boon for Commodities as well even though

I hate your pet rocks

anyway

so the idea now is that Goldman Sachs is

forecasting This 1.2 trillion dollar uh

overage might actually okay okay now

now it just gets ridiculous you ready

for this you ready for this this gets

ridiculous

so the government program that was

supposed to cost

369 billion dollars is actually going to

cost

1.2 trillion dollars but wait a minute

now apply the velocity of money that is

when one dollar is spent it creates two

to three dollars Goldman Sachs actually

thinks that the 369 billion in

government spending that creates a 1.2

trillion dollar set of actual spending

will be worth

three trillion dollars of investments

into green Energy across the economy

thanks to the velocity of money so

let me be clear again

if in the short term you want to trade

stocks that's fine you can jump on over

here and use yourself Weeble and do it

all you want it's a fantastic app it's

one of my favorite a beats like the TDS

and the Fidelity

anyway my favorite get 12 free stocks

and sign up link down below

but what it actually means in my opinion

is that companies like and face Tesla

Nvidia AMC these are all companies I own

uh solar Edge so yeah I'm talking my

book here but I'm also reading a Wall

Street Journal piece going holy crap

that's even like I invested not even

realizing how good it was going to be

it's going to be freaking amazing

so keep that in mind now it's also this

is interesting for those commodity Buffs

okay all of this Green Spending could

actually lead to higher oil and gas

prices

I'm sorry okay I'm not I'm not trying to

like take your mind and like throw it

one way and then like yoink it back the

other way okay I'm sorry but yes now why

would that logically be true

because oil and gas companies invest in

big green projects

BP BP British Petroleum you know the oil

spill Bros

they have half as many EV Chargers

as Tesla does

crazy it's a petroleum company and they

have half as many EV Chargers as Tesla

does

because they want the credits man

they're like oh give me the credits I

want a motorboat the credits

I mean you can't blame them because

there's so much money here want credits

for wind farms here you go want credits

Occidental Petroleum Warren Buffett

invests there what do they do massive

carbon Tech capture technology loses

money hand over fist have credits have

credits have credits

it's government socialism

for oil companies in the form of green

energy yeah it's actually happening so

what do oil companies potentially want

to do well potentially invest Less in

oil fracking or gas refineries because

you're going to make a lot more money

off tax credits doing green projects

instead

yep that's what's happening in fact

listen to this last year Ron DeSantis

Ronnie Donny in Florida what is what

does Trump call them Rhonda

sanctimonious I don't I don't think that

one's as good but anyway

Ronnie last year vetoed a bill that

would have reduced solar subsidies for

homes because he called it a tax so what

I talked about earlier is the perfect

example of how government can expand

under Democrats and stay expanded under

Republicans and Ronnie just did the same

thing last year in Florida and I love

Florida look I spent 16 years growing up

in Florida I love Florida Florida is

fantastic

it'll be fantastic for my startup house

hack as well

investing deadline March 31st if you're

accredited non-accredited hopefully May

June

hopefully see so anyway uh where is some

of the other money going green

manufacturing 156 billion dollars more

uh Energy Efficiency 42 billion or more

hydrogen 36 billion dollars more uh

biofuels 34 billion dollars more

renewable production solar wind Geo 82

billion dollars more blah blah blah blah

okay I don't think we really care so

much about those specific details what

we do care about is the fact

that if you think the inflation

reduction Act

is free

you're wrong it's gonna cost 1.2

trillion dollars according to Goldman

Sachs more than we expected by The Wall

Street Journal

what does that mean for us as normal

people well it probably means that

investing in things like EVs and energy

companies will get a lot more money than

we previously thought and it probably

extends to the chips act as well where

we're basically paying for companies

like Intel to go make new plants and

they'll end up getting a lot more money

than you expect

I mean right now they're there are still

fights going on in the auto Lobby to get

the treasury Department to Loosely

interpret more EV tax credit rules

there's a reason why when you go to

tesla.com they uh uh they they go and

say hey uh uh you know you got to buy a

Tesla before the end of the month

because the government's taking away the

tax credits they're raising your taxes

there's a reason Tesla's doing it

because a it's a good marketing pitch

and B is pressure on the government

now investing with Kendrick has a

response and says Kevin is the new top G

that's impossible I'm not in jail oh too

soon oh sorry I should do this

hey sorry I'm getting too excited anyway

uh I'm gonna push this button now

uh did it work

yeah there we go so

um smash that like button get yourself

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five minutes link down below uh get 12

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so uh check out those programs link down

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[Music]

uh yesterday I was texting with Lauren

and uh Lauren always gets nervous when I

go flying alone you know because it's

like hey like you know don't don't meet

any girls yeah

and I'm like I text and this is True

Story by the way I'm like do you want to

see the only sign of girls that I've

seen and I'm not gonna mention the city

name here okay I'm not gonna mention

what city this was but one of the Cities

I went to I told her I go Lauren let me

send you the only sign of girls that I

have seen in this city you ready for it

there it is

that was the only sign of girls I kid

you not

your physical side a flashing sign

oh I can't be out of here