ITTe349: Brace for a Financial Hurricane? Doubling Down on Renewable Energy

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/