This podcast episode explores the main problem with Biden's administration, which is excessive spending leading to a high deficit. It highlights the negative impacts of this spending on the fiscal position and the crowding out of other priorities. The episode also discusses Biden's industrial policy approach and its transformative effect on factory construction. The influence of China on Trump and Biden's policies, particularly regarding TikTok and export controls, is examined. The importance of the CHIPS Act and the semiconductor industry for the United States is emphasized. It also explores the challenges and obstacles in the electric car industry, including tariffs and permitting. Lastly, the episode discusses the complexities of NIMBYism and permitting in the development of power infrastructure and the importance of competition.
