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After Ford Loses $3B On “Green New Deal” – The Company Gets Nailed by Biden Karma
By Mick Farthing|June 28, 2023
After Ford Loses $3B On “Green New Deal” – The Company Gets Nailed by Biden Karma

What’s Happening:

Joe Biden has gone to war with American energy. He shut down fossil fuel production, forcing the cost of gas and energy to jump sky-high. And he’s been trying to coerce companies into embracing his radical, Green New Deal, which will force Americans to purchase “green” tech they cannot afford.

Despite what Democrats claim, most EVs are not ready for prime time. They are too expensive, have a limited range, and become obsolete much faster than gas-powered cars. But that didn’t stop America’s largest car maker from drinking the green Kool-Aid. Ford pumped billions into a new EV campaign. And now, they are making their employees suffer.

From The Post Millennial:

More than one thousand Ford Motor employees will be losing their jobs as the company axes positions to make up for a significant loss of revenue due to electric vehicle investment efforts.

Ford is expecting to lose $3 billion in electric vehicle operating profit this year, and the company’s current operating costs are $7 billion to $8 billion, higher than any other competitor, which has forced the company to layoff employees, along with other cost-saving measures, Wall Street Journal reports.

Unbelievable. Ford jumped on the left’s “green” bandwagon and dumped billions into producing EVs. But they didn’t look before they leaped and now they stand to lose $3 billion on their electric cars.

This will force the company to lay off more than 1,000 employees, as they scramble to cut costs. Maybe if they just made cars people were buying, they wouldn’t have to leave 1,000 families searching to make ends meet?

No part of Joe Biden’s green dream has actually worked out. States that rushed to build wind turbines off the coast have ended up killing marine life. Americans have been forced to buy energy from foreign nations, which has only helped the likes of Saudi Arabia and China.

But it’s only going to get worse. Biden is pushing radical policies that will make most cars on the road illegal in just a few years. States are pushing new taxes and fees, to make up for the loss of gas revenue. In a short time, Americans might not even be able to afford to ride the bus.

Is that what Biden meant when he said he wanted to “finish the job”?

Key Takeaways:

  • Ford will lay off over 1,000 employees due to losses from their EV efforts.
  • The company will lose around $3 billion after dumping money into EV production.
  • This comes as Biden goes to war with American fossil fuels, harming the economy.

Source: The Post Millennial

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Mick Farthing
Mick is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal.
Mick is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal.
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