Secretary Granholm Says Americans Can Save Money By Spending Lots

These people are truly deluded. Demented. Out of touch with most Americans

Granholm Defends Inflation Bill By Explaining How Americans Can Spend More Money On Their Homes

The Biden Administration’s energy secretary Jennifer Granholm was schooled by CNN’s “State of the Union” host Brianna Keilar, Sunday, after making a series of comments regarding the Inflation Reduction Act.

The comments came after Keilar noted that there are three studies that show the Biden Administration’s Inflation Reduction Act will have no major impact on inflation and many major items in the bill will not take effect until 2023 or later, a clip of which was shared on Twitter. “So what specifically will this bill do to lower costs for Americans right now?” Keiler asked Granholm.

“First of all, immediately, people will be able to lower their fuel costs in their homes,” before describing how families can only lower these costs if they can prove they have installed energy efficient windows and other appliances on their homes.

“That is right away. Then, on top of that of course, if citizens want to install solar panels on their roofs so that they can generate their own power, that’s another 30% tax credit,” Granholm continued, “and of course there are the tax credits that are at the dealership for the automotive sector for electric vehicles and if you install an electric vehicle charging station in your home, you can get a tax credit.”

See? Spend tens of thousands, at least, and you can spend a bit

It’s unclear whether Granholm could hear herself during the clip, as her comments were so beyond out of touch that it’s hard to believe she knowingly said them out loud. “Jennifer Granholm wants you to believe spending tens of thousands of dollars on “green” home improvements, solar panels and an EV in exchange for some tax credits will lower your cost of living today,” Daily Caller News Foundation managing editor Mike Bastasch shared on Twitter.

She doesn’t care.

The average cost of an electric car hit $66,000 in July, according to Electrek, meaning that families would have to spend that money or a similar amount on other home improvements in order to receive a tax credit. Keiler was quick to pick up on the bizarre nature of Granholm’s comments, and explained to her that the people who can spend money on such things “aren’t the ones who are living paycheck-to-paycheck, and inflation is hitting the most.”

Keiler should have asked if Granholm has gotten rid of all her own fossil fueled vehicles and replaced them with EVs. If she uses an EV for her government travel. If she’s stopped taking fossil fueled flights, both personal and for government work, and is now taking the train.

“Well actually, no, people who are able to qualify, for example, to weatherization, there was a massive increase, billions of dollars, for people who are low, moderate income to be able to weatherize their home and save money right away,” Granholm responded, noting a government program that part of the Infrastructure Bill.

Because every middle and working class American has all that money to spend right now to save a little bit on their taxes later. Utterly out of touch

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7 Responses to “Secretary Granholm Says Americans Can Save Money By Spending Lots”

  1. drowningpuppies says:

    It’s the ears, Jennifer.
    No one can listen to your bullshit while looking at your alien ears.

  2. Biden Energy Secretary Jennifer Granholm: “If you install an electric vehicle charging station in your home, you can also get a tax credit!”

    Just the charging station? I don’t need the car?

  3. Down on the Corner says:

    Solar panels is a scam right now.

    It is mindlessly expensive for no reason. Much like Gasoline was these past 4 – 5 months.

    50-60-70 thousand dollars for a system. Oh, you get a tax credit, but let’s be honest. People that can afford these systems do not need tax credits. People who cannot afford these systems don’t pay any taxes anyway and hence the tax credit is not a rebate but a promise to reduce taxes that you don’t pay anyway.

    Few people install these systems hence the lack of competition has the prices through the roof in most places.

    This latest bit of legislation is simply another way to hire leftist coverts and arm them. The left is absolutely insane.

    • Down on the Corner says:

      How bad is it out there?

      I have an AC/heater that is leaking water and causing a mold problem.

      I called 13 AC shops. Even the one that installed my humidifier is not taking my calls, dodging me and asking me to leave repeated messages.

      Of the 13 calls to different HVAC shops only two actually took my call. One said they do not work on my brand and that it is impossible to get parts for a Lennox system so they could not help me. The one that actually said they would come look at it scheduled the appointment 21 days from now while the system is dripping water into buckets that have to be dumped 3x a day.

      Every one of them said it is impossible to Get parts and get help. No one wants to work.

      This is The LEFTS AMERICA they have scared the shit out of everyone with this stupid COVID BULLSHIT and now threatening all of us with MONKEY POX and AGW and Donald Trump.

      No wonder our kids need counseling and medicine to keep them in zombie like states.

      • Down on the Corner says:

        I know if you read above why I just don’t shut off the water to the Humidifier.

        I would but the idiot that installed the new one a few months ago, tapped the main water line instead of a feeder line. So to shut off the water to the Humidifier I have to shut of the main water to the house.

        This is why the company that installed it is not taking my calls. If they wait me out the one year warranty expires. I don’t care about that I can afford to fix it. It would be nice if people actually worked anymore.

        I really don’t understand where all the workers went. Especially the skilled workers.

  4. The distinguished Secretary is saying things based upon continued inflation, and we’ve seen this before. The hideous home loans of the early 1980s, some in excess of 9% interest, were still seen as acceptable because housing prices were increasing so rapidly.

    Inflation in most sectors came down a great deal following the 1982 recession, and a lot of people were able to refinance. Home prices were still rising, and doing so faster than the general inflation rate, which enabled people to get second mortgages to do what they would, and many used them for home improvement.

    Then came the crash of 1989, and a lot of people mortgaged up to the hilt found themselves owing more on their homes than they were worth. We bought our first home in 1991, so that one didn’t affect us, but we did learn from it; the people who didn’t panic in 1989, who kept paying their mortgages recovered their value in a few years.

    The recession of 2001-2 seemed to skip homebuilding; we were selling concrete to homebuilders at rates I couldn’t understand, given how unemployment had soared. The economy recovered, and homebuilding kept on roaring, with a lot of people getting in on the sub-prime adjustable-rate mortgages. We bought our previous home in 2002, but one thing my wife and I both insisted on was a fixed-rate mortgage. We also bought less home than we could afford; we borrowed less money than either of our annual incomes. When the adjustable rates started peaking, we were safe. When the crash of 2008-9 came, we both kept our jobs, and kept paying the mortgage.

    In 2013, I borrowed $15,000 to remodel the kitchen, but I borrowed it from myself, from my 401(k). I was paying back principal and interest to myself!

    The moral of all of this? When Secretary Granholm starts talking about people investing in their own homes, it counts on inflation raising the value of their homes, but it also counts on people not being stupid with the increased values. Yes, you can take a second mortgage to add solar panels or redo the kitchen, or improve the insulation . . . but a lot of people took second mortgages for vacations to France or huge Christmas gifts. Those people were hurt, big time, when the crashes came. Inflation helps homeowners who don’t have adjustable rate mortgages, but it can also be a trap if you don’t do things sensibly.

    My darling bride back-buttering a floor tile as her favorite husband is setting them. We stripped that kitchen down to the studs.

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