On 7/21/2022, during her weekly briefing, House Speaker Nancy Pelosi (D-CA denied her husband has ever made a stock purchase or sale based on information he received from her. “Has your husband ever made a stock purchase or sale based on info received from you?” a reporter asked Pelosi. “No! Absolutely not, okay, thank you,” Pelosi said as she walked away from the lectern. The denial came after Pelosi made headlines when her husband made a controversial purchase of computer chip stock ahead of a congressional vote. Paul Pelosi, the husband of Speaker of the House Nancy Pelosi, The speaker reported in July that her husband recently exercised 200 call options, or 20,000 shares, of NVIDIA worth between $1 million and $5 million. NVIDIA is a producer of high-end graphics processing units. There just happens to be a vote in the Senate to boost the U.S. semiconductor industry. The bill could authorize as much as $52 billion in chip subsidies as well as tax credits in order to increase competitiveness with China.
On 7/21/2022, CNN’s Van Jones said in regard to black voters’ frustrations with President Joe Biden that the economy is “worse” for black Americans, during a segment on CNN’s “New Day” with Kaitlan Collins and John Berman.
On 7/19/2022, at a hearing, Kentucky republican House member Thomas Massie had some interesting statistics in hand when questioning Transportation Secretary Pete Buttigieg about the administration goal to make electric vehicles 50% of all cars, vans and trucks sold by 2030. “Numbers are important. It would take four times as much electricity to charge the average household’s cars as the average household uses on air conditioning. Do you think that could be — so, if we reach the goal by 2030 that Biden has of — of 50 percent adoption instead of 100 percent adoption, that means the average household would use twice as much electricity charging one of their cars as they would use for all of the air conditioning that they use for the entire year.”
Essentially, it is a cart and horse scenario. An electric vehicle requires five times as much energy production as the standard home air conditioning cost. The U.S. electricity grid cannot support an increase in household energy use that is equivalent of adding five times as many houses using air conditioning. Massie said he was “alarmed” at what he called “the naivete” in President Biden’s proposal, asking whether more Americans charging electric vehicles (EVs) would strain the country’s electrical grid, which Buttigieg acknowledged could be problematic. “Well, if we didn’t make any upgrades to the grid, sure,” Buttigieg responded. “If we add yesterday’s grid with tomorrow’s cars, it’s not going to work.”
“You actually use the word need. You could say want as well,” Massie told Buttigieg. “There’s needs and wants to make this fantasy work by 2030, but the reality is the capability is not going to be there.” Massie also questioned whether the proposed increase in electrical use could contribute to blackouts or brownouts or failures in parts of the country where air conditioning is essential. “Not if we prepare,” Buttigieg said. “Look, the fact that people who have electric vehicles are going to use more electricity can’t be a reason to give up …”
Massie pushed back and said he wasn’t suggesting the country shouldn’t prepare, adding he thought the numbers and rates of adoption Biden has suggested have “been developed using political science, not engineering.” “They’re impractical, and if we blindly follow these goals that Biden has set out, it will cause pain and suffering for the middle class,” Massie said.
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Pelosi responded ‘Absolutely not’ inside info husband stock purchases; Massie schools Trans Sec Buttigieg on EVs,