Biden’s Big Idea for a Gas Rebate Card Nixed by Chip Shortage

BUCK: The White House is scrambling so much. Remember, we played for you a montage of Biden running for office where he’s basically telling you that oil and natural gas are evil and if he could he would snap his fingers and make it all illegal tomorrow, which is completely insane and would lead to the destruction of our economy, our way of life and mass starvation — and I really mean that. I mean, if you actually got rid of fossil fuel tomorrow, if you just said it is legal, our entire economy, way of life would collapse.

But they talk about this, they yearn for this, Biden himself yearns for this. Even going to be Obama. Remember? “Under my plan … electricity rates would necessarily skyrocket.” That was a big sound bite from the Obama era. And now we have a White House that’s trying to come up anything they can to turn things around. So what are they gonna do? Gas rebate card plan was out there. So the way this was gonna work — this was in the Washington Post — was that senior White House aides were thinking about a rebate card for your gas prices.

Basically just hoping to take a little of the sting out until you vote, and then once they’ve fooled people with the voting situation then who cares, right? Once they’ve gotten past the actual accountability moment, Democrats don’t care about the peasants not being able to afford gas, not really. They just don’t want to lose power. But I love this, Clay. This is amazing. Because there is a chip shortage right now among all of our supply chain and shortage issues, the Democrats couldn’t implement the giving you money back for your gas, because they don’t actually have the chips for the rebate cards to make your gas price less painful.

CLAY: This is how… This is a perfect representation of how flawed everything Biden is doing is. They are definitely scrambling because the number one thing — as we talked about the start of the first hour — that is driving American consumers crazy is inflation, and the number one biggest issue with inflation that people see and interact with on a regular basis is the price of gas, which is at an all-time high. So, again, to reiterate what the Biden administration did:

They’re sitting around spit balling all these different ideas… By the way, produce more gas is the answer in America so we don’t have to go to Venezuela, so we don’t have to go to beg Saudi Arabia, so we don’t have to put an awful nuclear deal in place in Iran. All of those things are what we’re doing to try to get them to produce more gas. And we obviously got the issue with Russia. But they say, “We’ll just give people money back.” First of all, it pours more money out there. Where is the money coming from?

BUCK: Isn’t it inflationary to give people more money?

CLAY: That’s what I’m saying.

BUCK: Right. This is what the thinking is. “Hey, we got this inflation problem. I got an idea. Let’s give people more free money so they’re not as aware of the inflation problem.”

CLAY: And also theoretically this would help to increase demand on some level, right? When the government gives you more money to go buy more gas, it’s all stupid and nonsensical and evidence of the Biden White House’s inability to solve any problems. But they can’t even rectify it! They can’t even implement it because we can’t produce the cards that would allow people to get their money back for gas because the supply chain mess is so bad that we don’t have the chips to put into the cards to make this a viable option. It is just a comedy of errors.

BREAK TRANSCRIPT

BUCK: Well, we can just turn to the brilliance of Secretary of Energy Jen Granholm, who has all kinds of ideas that will really help bring down the price of gas, Clay, in about 30 years, after we’ve erased trillions of dollars of wealth through government regulation to force technologies on to us that are inefficient and that have tremendous costs on the environment anyway.

BUCK: Courageous CNN guy for asking the real questions. By the way, he’s a hundred percent right. They want gas production up, Clay, between Friday, June 17th, and Election Day, and then they want it down again, and they want windmills.

CLAY: That’s a fantastic question. If you were right now an energy executive — and we had some great calls yesterday discussing oil and gas prices — why would you invest in production massively when you know that the administration doesn’t have your back in the years ahead? Why would you invest in the infrastructure and the cost when they are trying to cut your legs out from under you? And directly to your point, Buck, this isn’t a long-term solution.

This is a short-term, let’s not get destroyed in the midterms. And then as we do the run-up to 2024 and on into the future, Democrats don’t believe that gas and oil should be produced in America at a high level. And also, by the way, let’s talk about this. A lot of these charging stations, a lot of this electricity that is theoretically clean is being produced by oil and gas. Have you seen some of these stories, which, to me, deserve far more attention? Many of these charging stations…

I saw a great interview in Michigan where Democrats were bragging about how they had produced all these new electric vehicle charging stations. And then someone said, “Well, wait a minute. What is producing all of this electricity that’s going to be able to used to charge cars?” And the head of the city where they’re doing all this clean energy said, “Oh, it’s coming from our coal plant.” So you are using the energy produced by a coal plant to help to power the electricity so that the electric cars can get electricity clean vehicles. But it’s coming from coal, and we don’t have conversations enough about this. Much of our “clean energy” is actually deriving from traditional methods and manners of producing oil and gas.

BUCK: And if you want everyone to drive an electric car, you would have to dramatically increase the output of rare-earth minerals necessary for the batteries which means mining, a whole lot more mining, which you want to do that, fine, but the left hates that too. They hate this. Look, folks, they just want the peasants riding their bicycles, not even necessarily their e-scooters, Clay — ’cause if I’m getting my e-scooter juice from coal? Unacceptable.

CLAY: By the way, the “key man” insurance policy that the radio station wanted to take out on you, the “key man” insurance is evidently now offensive. It’s “key person” insurance. So you can’t even say a “key man” ’cause you’re excluding women evidently when you talk about that. So when you undertake your likely risky scooter riding all over the city of New York, have key person insurance. I just don’t want to offend anybody out there.