March 25, 2025 • 24 mins
The other day, Donald Kendall, director of the Glenn C. Haskins Emerging Issues Center at the Heartland Institute, was a guest on the Shawn Thompson Show on AM 560 The Answer in Chicago.
Donald is a regular guest on Sean's show and was invited on this time to talk about a new heartlands to paper titled The High Cost of Green Scams, assessing the Green Giveaways in the Inflation Reduction Act.
Donald details how the whole thing was a scheme designed to enrich the politically connected. It had nothing to do with fighting climate change, let alone reducing inflation.
Have a listen.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Narrator (00:00):
Is the Heartland Daily Podcast. The other day, Donald
(00:10):
Kendall, director of the GlennC. Haskins Emerging Issues
Center at the HeartlandInstitute, was a guest on The
Sean Thompson Show on AM560 TheAnswer in Chicago. Donald is a
regular guest on Sean's show andwas invited on this time to talk
about a new Heartland Institutepaper titled The High Cost of
Green Scams Assess ing the GreenGiveaways in the Inflation
(00:32):
Reduction Act. Donald detailshow the whole thing was a scheme
designed to enrich thepolitically connected and had
nothing to do with fightingclimate change, let alone
reducing inflation.
Have a listen. And this is theShawn Thompson show.
Shawn Thompson (00:51):
Illinois celebrates J. V. Pritzker's
money laundering fraud. EastAlton, Illinois. 5 Hundred
Million Dollar EV batterylithium nonsense.
I wonder, is it as flammable orless flammable as the EV battery
facility in California that Ithink is still smoldering?
Nobody knows because theysquashed the information. Then
(01:12):
then there's in Missouri.
From beer to bullets and bombs for war to big
V eight Corvettes. Forgenerations, Saint Louis built
America. That momentum has sincefaded. Many jobs were shipped
overseas or companies sold out.
But tonight, Saint Louis is reclaiming part
of its past contributing for thefuture, and it all revolves
around this property drone forceflying over in South City, which
(01:35):
will soon be a first of its kindfor America. St. Louis's
automotive industry once rivaledDetroit's. Now the nearly half
billion dollar development atthat South City site will feel
the future auto industry. Goodevening.
I'm Corey Stark.
And I'm Samantha Jones. And tonight news for us,
Nathan Vickers is live from thatsite near the River Pere And I
55 detailing the one of a kindlithium battery plant that is
(01:56):
now a go. Nathan.
Five hundred million in Saint Louis was a go
under the green new scam. Barackor or I mean of Joe Biden
started by Barack Obama, ofcourse, all a fraud. How many
trillions of dollars are downthat rabbit hole of futility and
stupidity where nobody wants theEVs?
I terminated the ridiculous and incredibly
(02:17):
wasteful green new deal. I callit the green new scam. Withdrew
from the one-sided Paris climateaccord.
The good news is now we can maybe reverse the
trajectory. My next guest hasspent a lot of time on this. And
when it comes to the high costof the climate scams, do we even
have an eye an understanding ofhow long and how much money the
(02:39):
American people have beenrobbed? I think it can go back
way before Joe Biden. I think itcan go back to the early years
of W Bush.
We'll discuss that and more withmy next guest, Donald Kendall,
who is the director of HeartlandSocialism Research Channel.
Donald, how are you?
Donald Kendal (02:55):
I am doing wonderful today. How are you
good, sir?
Shawn Thompson (02:57):
I'm I'm I'm great, and I'm optimistic, and I
think it's fantastic. But I haveto tell you, as we discuss this
right now, Illinois and JBPritzker celebrates another
$500,000,000 for another EVbattery fraud, scandal, and scam
in a place called East Alton.And there's no stopping it where
(03:18):
Democrats are, the good news isI think the federal government
will at least stop wasting theentire country's money on this,
won't they?
Donald Kendal (03:25):
Yeah. I think so. You know, what was that, what
was that quote Nancy Pelosi, Ithink it was, where she said
that we don't know what's in abill until we pass it or
something along those lines.
Shawn Thompson (03:36):
Yeah. And then she tells people who go over to
her house, whatever you do,don't smell a hammer. Don't
sniff it if you find one layingaround.
Donald Kendal (03:42):
Right. Right. I'm sure I'm mingling it, just as
much as she will.
Shawn Thompson (03:46):
To pass it to find out what's in it. That
stupid idiot that she is. Didyou see her yesterday? My god.
Donald Kendal (03:50):
If she
Shawn Thompson (03:51):
was if she was a cocker spaniel, she'd never come
home from the vet. That's forsure.
Whoo. Right. Yeah. But, I think that
Donald Kendal (03:58):
we have to amend that quote. I think that we
don't even know what's in thesebills even long after they're
passed. You have to wait forsome analysis by a group like
the Heartland Institute toreally understand what's in
these bills. So we justreleased, I think yesterday, a
new policy study, the high costof climate scams, which, by the
way, I had a part in namingthat, that policy study, and I
(04:21):
had you in mind when I whensuggested that title there. So
Shawn Thompson (04:24):
Thank you very much. Because this is how you
know, you have to speak truth.None of it is none of it is
based on reality. It's all basedon a fraud. And that is how
these these these concoctionsare made.
How can we build money withabsolutely zero oversight and a
virtue shield that preventspeople from questioning us no
matter how much money we lose.And that's what it is. It's a
(04:46):
scam. So at least we can call ita scam.
Donald Kendal (04:49):
Oh, yeah. Absolutely. I mean, slush fund
scam, whatever you wanna callit. Once you get into this
paper, it's so painfullyobvious, the truth of the
matter. And I mean, like, howlong of a period of time was it
when they were calling theinflation reduction act, the
inflation reduction act, becausethey were claiming that it was
gonna reduce inflation?
(05:09):
Because they didn't last verylong. Because I know that he
started, Biden started talkingabout it like this this big
green energy, plan and all ofthat well into the election
season. So it wasn't a a longperiod of time when they were
trying to pretend that it wasabout reducing inflation. That
the doors of that are just blownwide open. When you look at this
(05:29):
paper and it talks about how,you know, Joe Biden, when he was
going around talking about howthis was trying to promote green
energy and all of that, he wasthrowing around numbers like
300,000,000,000, 3 hundred and50 billion.
But this shows because a lot ofthe incentives or you know,
whatever it is, greenmanufacturing, electric vehicle
subsidies, what have you, theywere uncapped, uncapped federal
(05:54):
incentives, which means that youcould spend a whole bunch more
money than you were expectingto, from the original plan. So
some of these, these costestimates were upwards of
$1,800,000,000,000. 1 point 8trillion dollars attributed to
this IRA plan. It's absolutelyinsane.
Shawn Thompson (06:14):
You know, to give you a perspective, the,
after the after the collapse,the financial crisis, if I'm not
mistaken, I believe what waspassed was about was it was it
690,000,000,000, or was it800,000,000,000? And that was to
save the economy in 02/2008. Sothe idea that these and this is
(06:34):
fraud. This is a financialcrime. Can give without
disclosure the fact that theyallocated $2,000,000,000,000,
nearly $2,000,000,000,000, ofthe people's money for for
policies and for reallyinnovations that do not exist or
the failed innovations.
This is the other thing I thinkwe need to focus on. Nobody
(06:57):
wants them because they suck.The batteries suck. The cars
suck. Unless you're living in aplace that is very moderate in
temperature, they suck.
When it gets too cold, you can'tdrive it. When it gets too warm,
you can't drive it. I don't knowwhy it wasn't on every national
news, but I pay a lot ofattention to California news.
During the fires that were setby the homeless and the insane
(07:19):
and the drug addicts, duringthose fires that are referred to
as wildfires and afterwards,they had an entire crew go
around and put on the back ofcars in big red paint, EV or no
EV. Because if it's an EV, youdon't wanna go near that son of
a dog because it can combust atany time because of the damage
when the damage is done to thecontainer of the lithium.
(07:41):
And the idea that we would stillpretend that these batteries are
technologically safe oradvanced, they're not. They're
making it up, aren't they?
Donald Kendal (07:50):
Yeah. No. Absolutely. And I there there
are certain aspects of this whenyou're reading the analysis of
all of this that really makes itclear that this isn't about
trying to just like jumpstartthe green economy or trying to
get a foothold for electricvehicles so that they could
become a self sustainingindustry or something like that.
It will be beyond that.
(08:11):
There's a breakdown of, the02/2008 energy improvement and
extension act. So that was backin Barack Obama years where it
was, I think it was one of thefirst, EV subsidy programs out
there and it was limited to likethe first two hundred and fifty
thousand customers or somethingalong those lines. But then they
had a built in phase out of thatover the next year and a half
(08:33):
because I think the thinking wasthat, yeah, we'll have a
eighteen months of subsidies andthen by then, the EV market will
get on its own feet and we won'thave to have government spending
on that. That's completely not apart of this IRA. Like I said,
completely uncapped.
Any vehicle bought would you'dbe able to get a subsidy for it,
(08:55):
any EV, vehicle, basically tothe end of time under this new,
under the IRA. It's absolutelyunbelievable. And it's in it
it's again, once you startlooking at it, it's clearly just
a slush fund to give to thosethat are politically connected.
Shawn Thompson (09:10):
Of course.
Donald Kendal (09:11):
I mean, we've talked about Solyndra. There's a
half dozen that are mentioned byname in this report that are
just politically connected.That's not even talking a
lobbying firm set up by StaceyAbrams They're getting billions
of dollars and stuff like that.But then there's also, one one
of the largest recipients of theIRA subsidies is a Chinese owned
(09:32):
company. It's in fact, it's thelargest
Shawn Thompson (09:36):
Is it Goshen?
Donald Kendal (09:37):
Largest solar manufacturer got more than a
billion dollars under this.
Narrator (09:44):
Before we get to the rest of this podcast, I wanted
to let you know about twofantastic live podcasts
Heartland produces every week.We'd love for you to join us
every Thursday at 1PM Eastern,noon Central live for the In the
Tank podcast with host LineaLucan. You can watch on the
Heartland Institute's YouTubechannel or on Rumble where you
can participate in the show inthe chat with other fans and
(10:06):
also ask questions that we'lladdress on the air and put up on
the screen. And on Fridays, alsoat 1PM Eastern and Noon Central
Time, you can tune in live forthe Climate Realism Show.
Heartland's climate team ofAnthony Watts, Sterling Burnett,
and Lynea Luken, along with hostJim Lakeley, cover the crazy
climate news of the week, debunkmainstream media myths about the
(10:27):
so called climate crisis, diginto energy policy, and much
more.
The show often features gueststhat are some of the leading
climate scientists and energypolicy experts anywhere in the
world. There is no other showlike it, so become regular live
viewers of both of theseprograms if you are interested
in smart, lively, fun, andinteractive conversations. We
(10:48):
hope to see you there everyThursday and Friday afternoons
at 1PM eastern and noon centralat the Heartland Institute's
YouTube and Rumble channels.
Donald Kendal (10:59):
It's just a giveaway program.
Shawn Thompson (11:01):
Well, because this. Here's the thing, Donald.
You and I remember this from thelate eighties when the dailies,
those simps, those morons inChicago would parade around the
Chinese communist to themercantile exchange and show
them the floor and then takethem and give them sweetheart
deals. It's a kickback scheme.We give money.
The Chinese pretend to to buyour stuff, and they kick it back
(11:23):
to the fracking democrats. Thisis out in the public eye, and
they pretend no one can see it.And when you see what's going on
in Goshen in Illinois and yousee this deal in in in Saint
Louis, Missouri, 4 HundredMillion Dollar battery plant. At
the end of the news story, andit'll result in a 50 jobs. Yeah.
Well, does anybody wanna takethe time to divide 400,000,000
(11:45):
by a 50, and you realize that's2,600,000.0 a job, you fracking
morons. And the idiots vote forit because they think it's gonna
help things rather than realizeit's all a fraud. It's all a
fraud. And that's what you know,this is the part that people
have to get get used to. Youeither want the truth and real
economy, economic growth, or youwant the Joe Biden, Chicago
(12:06):
Democrat illusion of businesswhere it's all subsidized and
it's all kickbacked.
Yeah. What what is the, what's one of
Donald Kendal (12:14):
the slogans of your show where it's like the
Democrats are never right or the
Shawn Thompson (12:18):
Yeah. The Democrats are never right, and
the Republicans are seldomright.
Donald Kendal (12:22):
Yes. That's right. Yeah. Because, you know,
every aspect of this thisconversation, I I feel like I
could just respond to you with,it's actually worse than you're
saying. Because there's athere's a part in this, where it
goes to the policyrecommendations.
And obviously, the best policyrecommendation is just a full
out repeal of this. Like, we'vewe've got the Republicans
(12:43):
holding all the chambers,whatever. Let's just repeal it.
But it talks about how that'sactually a pretty sticky
situation because some of thismoney is going to districts
with, you know, a person, youknow, in the house of
representatives that has a barin front of their name. Yeah.
And you know what? They'vealready got that money promised
to their district, and theydon't wanna see it go away. So
there's there's there'sRepublicans that are gonna be
(13:05):
fighting for that.
Shawn Thompson (13:06):
Only the only the economic illiterate or the
dirty. You know, this is theother thing. This is why
politicians who never made moneyin their life never entered an
actual business. They shouldnever be politicians because
they all become worthmultimillion dollars, and nobody
understands why. The reason isthey're bribed.
It's bribery. It's open frackingbribery. They're steering the
(13:31):
contracts and they're bribed.Now if they have an r behind
their name, that doesn't makeany difference to me. I have
zero respect for Republicans ormen that do not understand the
difference between honesteconomic growth and why this
country is the youngest and therichest versus a Ponzi scheme of
fraud.
And this is our real problem.It's a it's a mentality. It's a
(13:52):
character issue. There arepeople that say, well, it all
spends the same. That was anexpression I heard from my
neighborhood.
What the hell do you care? Itall spends the same. No. It
doesn't. And these are the guyswhere they they they someone
else buys their sandwich, andthey say, nothing tastes as good
as a free sandwich.
Well, you're a scumbag. You'reyou're you're a scumbag because
(14:12):
I think nothing tastes as goodas a sandwich that I buy with my
fracking money. And this issomething that we can't come to
terms with. And the way thatthey make you pretend that this
is normal, well, you have tocome to the middle. You have to
compromise.
Well, really? Compromise withwhat? The fact that Joe Biden
added $9,000,000,000,000 in fouryears. It's it it it is double
(14:33):
any other moron that's ever beenpresident. Or the fact that out
of that 9,000,000,000,000 thatwe count, I say it could be 15
because it looks like all of thejobs numbers, and I mean all of
them, were government hires.
So now how do you unwind thatknot of bull dung, which is a a
corrupt economy? And that's whatIllinois does. They steal the
(14:54):
fracking COVID money. They stealthe welfare money. They use more
illegal aliens or any moron thatthey could put on a on a piece
of paper, and they say, look.
We spend it on him. And thereality is it's all a financial
crime. So I think at this point,you gotta just separate. You you
idiots go your own way. We'llcall it the the USSA, and we'll
have The USA.
Donald Kendal (15:13):
Yeah. The USAB or something like that. Yeah. The
Shawn Thompson (15:16):
United Soviet States Of America. I say we just
go in and all the rest. Youdon't wanna complicate it too
much. At least, 80% of thesemorons can't read.
Yeah. What was that
Donald Kendal (15:25):
one story about, the amount of money that was
spent billions of dollars spenton building new charging
stations for electric vehicles?And after a couple of years,
only, like, 12 had been made orsomething like that. Some,
Shawn Thompson (15:39):
like, ridiculous.
Donald Kendal (15:40):
Was it seven? She has look. I'm giving them more
credit than they're due.
Shawn Thompson (15:43):
But Here's the thing, Donald.
Donald Kendal (15:44):
I think that you could actually make the case
that this IRA, the the inflationreduction act, bought more
golden parachutes than chargingstations. Because there's a part
in this, paper that outlines thedozens of renewable energy
companies, even after gettingmassive subsidies granted to
them under this IRA program,have gone out of business.
Shawn Thompson (16:05):
They're all bankrupt. They're all bankrupt.
And the ones that exist exist onfinancial crime like Rivian.
Rivian is a financial it's afinancial crime. It's a scandal.
$6,000,000,000 practicallyinterest free. I don't even
think it is. I think it isinterest free from the federal
government. More incentives fromthe state government. The whole
fracking company sucks.
(16:25):
Every time they sell a vehicle,you lose a hundred grand.
Please, it's a joke. When yousee that car, that's like
somebody who's rich drivingaround in a big welfare vehicle.
It's all fraud. I can't evenstand to look at the fracking
things.
And they wouldn't exist if itwasn't for political corruption.
This is the part you have tounderstand. Because honest
business, guys who build gasstations, guys who start cars,
(16:48):
unless they're honest, they goout of business. They can't get
started. And when you talk aboutthose EV stations, a billion
dollars is a thousand million.
1 thousand million. You couldcall up any any gas station
company that's in existence, anyoil company. You could open a
gas station on a zero groundlevel for about $350 to $400.
(17:10):
Open it up, and it starts makingmoney from day one. Actual
profit.
So when that guy pays hisemployees, that's private sector
money. That EV will never evermake a dollar. That's my whole
argument against windmills andall the rest of it. It doesn't
make a dollar. It's all afinancial crime on the citizens
(17:30):
of this country.
And if it wasn't there, thenational debt might be
infinitesimal. We may not evenhave one if you eliminated the
lie versus the truth.
Donald Kendal (17:40):
Yeah. There's a saying that the difference
between a billion dollars and amillion dollars is basically a
billion dollars. And you look atthis paper, there's there's just
a graphic that shows all of thebillion dollars that are going
to this subsidy and billions ofdollars going to that subsidy.
It's just like, you know, atthat level, with this level of
spending, it it's just you can'teven comprehend it. And I think
(18:02):
that that's, like, the troublethat we get in with this.
You hear these numbers. Like,some of the numbers that, were
attached to the USAID thing thatwe talked about the last time I
was on. Where people are like,oh, that's that's, you know, in
the grand scheme of things,that's a pretty insignificant
amount of money. It's like,you're talking about
$55,000,000,000. Like, that'snot insignificant.
Shawn Thompson (18:20):
So so here here's the here's the
difference, Donald. It's it'sit's it's it reminds me of what
Joe Kennedy said. Joe Kennedy,when they asked him, why were
you out of the stock market? Hesaid when the guy who shines my
shoes for a quarter is talkingabout investing a thousand
dollars, there's too many moronsin the market. Did you ever hear
that story?
Donald Kendal (18:40):
I have not, but I should look it up.
Shawn Thompson (18:43):
Joe Kennedy didn't lose a dollar. There's
only a handful of guys, ArthurCotton, Jesse Livermore. These
are legends in stock marketstrading. Okay? So they asked Joe
Kennedy, well, how did you know?
He had not been involved. He hadliquidated his investments,
like, three months or two and ahalf months before, whatever it
was. They said, how did you knowto get out of the market? He
said, was getting my shoesshined. My my shoes shined by a
(19:06):
guy who was charging me aquarter.
He was talking to me about how Ishould he should invest at that
time a thousand dollars, whichwould be the equivalent of a
hundred thousand today. And hesaid, when this guy talks about
money like it doesn't matter andhe's putting because back then,
you could have you could tradeon margin. You could walk in
with 10%, and and they used tocall them bucket houses. They
were all around. And the guyswould give you 90% of the money.
(19:27):
It was like the first financialscandal of lending borrowing
money to people who didn'tdeserve it. So he knew when a
guy who makes 25¢ working istalking about spending a
thousand dollars, if this guyloses money, the whole game's
over. Basically knew to get thehell out of the market as
somebody who navigated thetroubled waters of insider
trading. He's the definition ofinsider trading. And he didn't
(19:48):
even think it was safe enough tosteal the money through inside
information.
And it's a fascinating realitywhen you hear people. And this
is my biggest gripe when I talkabout politicians. Here are the
guys worked since 1977. Nevermade up more than $200 a year.
He's got 9,000,000.
It's a financial impossibility.Because when you go to work,
right, you and me, when weinvest in our money, we're
(20:08):
investing after tax money. Wemake our money honestly. You
gotta compound. You gotta paytaxes on it.
It's virtually impossiblewithout getting into an Amazon
or to a a Tesla in the verybeginning to really make
millions of dollars and affordto have it as an asset after you
pay taxes. But only honest menknow that. So when you have
(20:30):
people who have neveraccumulated a savings account
of, say, $50, which is a lot ofmoney. When you make your money
honestly, 50 grand's a ton ofmoney. Right?
So when you when you meet thesedemocrat morons and they talk
about policies where, hey. We'regonna open this park, and the
government's gonna invest in myneighborhood, and they're gonna
put 7,000,000. Now anybody who'sever done any kind of business
(20:52):
in landscaping knows you couldput their park together for a
hundred grand. But the idiotswho don't know the difference
between a hundred grand or7,000,000 because to them, it's
just all unachievable. It's justall numbers.
These are the idiots driving usinto bankruptcy because they
support the scallywag thatbuilds the park for a hundred
(21:13):
thousand and steals 6,000,000 tohis friends. This is why we're
in this pickle. Because Oh,sure. And at end day money.
Donald Kendal (21:20):
Right. And at the end of the day, that politician
could say, I spent 7 millionsmaking parks better.
Shawn Thompson (21:25):
Exactly.
Despite the fact that they could have
Donald Kendal (21:27):
done the same job for a hundred thousand like
you're saying.
Shawn Thompson (21:29):
And the reason that they it exists is they'll
get 70 companies to kick back30%, and that's how Al Green is
worth $9,000,000. It's afreaking kickback scheme. That's
what it is. And for the firsttime in in in American history
since George Washington, and Iknow they're making fun of him,
this is the first time somebodyholds the position in of the
(21:50):
presidency who was notcultivated in the culture of
corruption, which is ourpolitics. Because this is how
they teach guys who even workfor the government.
Listen. Just go sit in thatfracking cemetery. Don't you get
caught not working. Stay out ofmind, out of sight. Wait for the
end of the day.
Drive the truck in, but keep itin the back of wherever you go.
(22:11):
That's the real way it works.They teach them how to
cultivate, how to get awayrobbing the people with a veneer
of value. That's our problem,and it's a cancer. And I don't
know if you can rip it out.
I think it's time to start over.
Donald Kendal (22:26):
Yeah. No. There's a lot of work to be done. I
don't wanna be just a bearer ofbad news. I think that, Donald
Trump and his cabinet are doinga lot of things, especially in
the energy and climate arena.
They're gonna have some sizableimpacts. One of them is getting
rid of the, endangermentfinding, which is underpinning
the entire crusade against, c otwo. It's the whole That's
(22:47):
right. That the c o two scamclimate scam is built on. So if
things like that can get doneunder this administration, it
would have massive and lastingeffect.
Shawn Thompson (22:55):
So corrupt as a nation. We let politicians make
what we exhale a fundamentalprinciple of photosynthesis, a
building block of life itself.We allowed these crooked rats in
Washington to deem it apollutant so they could tax it.
Get the hell out of here. Timeto rip that out by the roots.
Donald Kendal (23:14):
Exactly right. Exactly right.
Shawn Thompson (23:16):
Alright, brother. I love having you on.
You can find him. He's he's thedirector of Heartland Socialism
Research Center. Are and you'restill doing the Heartland's
Daily podcast, right, instopping socialism TV?
Donald Kendal (23:28):
Yeah. Sporadically. We we have the the
big thing that anyone that'sinterested in this topic should
go to heartland.org. You'll seethe paper right on the front
page. And then we also have theweekly climate realism show,
which is at noon on Fridays,noon central time on Fridays.
Livestream on Twitter andFacebook, YouTube. You'll
Rumble. You'll find it prettymuch anywhere.
Shawn Thompson (23:49):
Donald Kendall, thanks for time for me. I
appreciate you and all thepeople at Heartland. Thank you.
Is the Heartland Daily Podcast. The other day, Donald
(00:10):
Kendall, director of the GlennC. Haskins Emerging Issues
Center at the HeartlandInstitute, was a guest on The
Sean Thompson Show on AM560 TheAnswer in Chicago. Donald is a
regular guest on Sean's show andwas invited on this time to talk
about a new Heartland Institutepaper titled The High Cost of
Green Scams Assess ing the GreenGiveaways in the Inflation
(00:32):
Reduction Act. Donald detailshow the whole thing was a scheme
designed to enrich thepolitically connected and had
nothing to do with fightingclimate change, let alone
reducing inflation.
Have a listen. And this is theShawn Thompson show.
Shawn Thompson (00:51):
Illinois celebrates J. V. Pritzker's
money laundering fraud. EastAlton, Illinois. 5 Hundred
Million Dollar EV batterylithium nonsense.
I wonder, is it as flammable orless flammable as the EV battery
facility in California that Ithink is still smoldering?
Nobody knows because theysquashed the information. Then
(01:12):
then there's in Missouri.
From beer to bullets and bombs for war to big
V eight Corvettes. Forgenerations, Saint Louis built
America. That momentum has sincefaded. Many jobs were shipped
overseas or companies sold out.
But tonight, Saint Louis is reclaiming part
of its past contributing for thefuture, and it all revolves
around this property drone forceflying over in South City, which
(01:35):
will soon be a first of its kindfor America. St. Louis's
automotive industry once rivaledDetroit's. Now the nearly half
billion dollar development atthat South City site will feel
the future auto industry. Goodevening.
I'm Corey Stark.
And I'm Samantha Jones. And tonight news for us,
Nathan Vickers is live from thatsite near the River Pere And I
55 detailing the one of a kindlithium battery plant that is
(01:56):
now a go. Nathan.
Five hundred million in Saint Louis was a go
under the green new scam. Barackor or I mean of Joe Biden
started by Barack Obama, ofcourse, all a fraud. How many
trillions of dollars are downthat rabbit hole of futility and
stupidity where nobody wants theEVs?
I terminated the ridiculous and incredibly
(02:17):
wasteful green new deal. I callit the green new scam. Withdrew
from the one-sided Paris climateaccord.
The good news is now we can maybe reverse the
trajectory. My next guest hasspent a lot of time on this. And
when it comes to the high costof the climate scams, do we even
have an eye an understanding ofhow long and how much money the
(02:39):
American people have beenrobbed? I think it can go back
way before Joe Biden. I think itcan go back to the early years
of W Bush.
We'll discuss that and more withmy next guest, Donald Kendall,
who is the director of HeartlandSocialism Research Channel.
Donald, how are you?
Donald Kendal (02:55):
I am doing wonderful today. How are you
good, sir?
Shawn Thompson (02:57):
I'm I'm I'm great, and I'm optimistic, and I
think it's fantastic. But I haveto tell you, as we discuss this
right now, Illinois and JBPritzker celebrates another
$500,000,000 for another EVbattery fraud, scandal, and scam
in a place called East Alton.And there's no stopping it where
(03:18):
Democrats are, the good news isI think the federal government
will at least stop wasting theentire country's money on this,
won't they?
Donald Kendal (03:25):
Yeah. I think so. You know, what was that, what
was that quote Nancy Pelosi, Ithink it was, where she said
that we don't know what's in abill until we pass it or
something along those lines.
Shawn Thompson (03:36):
Yeah. And then she tells people who go over to
her house, whatever you do,don't smell a hammer. Don't
sniff it if you find one layingaround.
Donald Kendal (03:42):
Right. Right. I'm sure I'm mingling it, just as
much as she will.
Shawn Thompson (03:46):
To pass it to find out what's in it. That
stupid idiot that she is. Didyou see her yesterday? My god.
Donald Kendal (03:50):
If she
Shawn Thompson (03:51):
was if she was a cocker spaniel, she'd never come
home from the vet. That's forsure.
Whoo. Right. Yeah. But, I think that
Donald Kendal (03:58):
we have to amend that quote. I think that we
don't even know what's in thesebills even long after they're
passed. You have to wait forsome analysis by a group like
the Heartland Institute toreally understand what's in
these bills. So we justreleased, I think yesterday, a
new policy study, the high costof climate scams, which, by the
way, I had a part in namingthat, that policy study, and I
(04:21):
had you in mind when I whensuggested that title there. So
Shawn Thompson (04:24):
Thank you very much. Because this is how you
know, you have to speak truth.None of it is none of it is
based on reality. It's all basedon a fraud. And that is how
these these these concoctionsare made.
How can we build money withabsolutely zero oversight and a
virtue shield that preventspeople from questioning us no
matter how much money we lose.And that's what it is. It's a
(04:46):
scam. So at least we can call ita scam.
Donald Kendal (04:49):
Oh, yeah. Absolutely. I mean, slush fund
scam, whatever you wanna callit. Once you get into this
paper, it's so painfullyobvious, the truth of the
matter. And I mean, like, howlong of a period of time was it
when they were calling theinflation reduction act, the
inflation reduction act, becausethey were claiming that it was
gonna reduce inflation?
(05:09):
Because they didn't last verylong. Because I know that he
started, Biden started talkingabout it like this this big
green energy, plan and all ofthat well into the election
season. So it wasn't a a longperiod of time when they were
trying to pretend that it wasabout reducing inflation. That
the doors of that are just blownwide open. When you look at this
(05:29):
paper and it talks about how,you know, Joe Biden, when he was
going around talking about howthis was trying to promote green
energy and all of that, he wasthrowing around numbers like
300,000,000,000, 3 hundred and50 billion.
But this shows because a lot ofthe incentives or you know,
whatever it is, greenmanufacturing, electric vehicle
subsidies, what have you, theywere uncapped, uncapped federal
(05:54):
incentives, which means that youcould spend a whole bunch more
money than you were expectingto, from the original plan. So
some of these, these costestimates were upwards of
$1,800,000,000,000. 1 point 8trillion dollars attributed to
this IRA plan. It's absolutelyinsane.
Shawn Thompson (06:14):
You know, to give you a perspective, the,
after the after the collapse,the financial crisis, if I'm not
mistaken, I believe what waspassed was about was it was it
690,000,000,000, or was it800,000,000,000? And that was to
save the economy in 02/2008. Sothe idea that these and this is
(06:34):
fraud. This is a financialcrime. Can give without
disclosure the fact that theyallocated $2,000,000,000,000,
nearly $2,000,000,000,000, ofthe people's money for for
policies and for reallyinnovations that do not exist or
the failed innovations.
This is the other thing I thinkwe need to focus on. Nobody
(06:57):
wants them because they suck.The batteries suck. The cars
suck. Unless you're living in aplace that is very moderate in
temperature, they suck.
When it gets too cold, you can'tdrive it. When it gets too warm,
you can't drive it. I don't knowwhy it wasn't on every national
news, but I pay a lot ofattention to California news.
During the fires that were setby the homeless and the insane
(07:19):
and the drug addicts, duringthose fires that are referred to
as wildfires and afterwards,they had an entire crew go
around and put on the back ofcars in big red paint, EV or no
EV. Because if it's an EV, youdon't wanna go near that son of
a dog because it can combust atany time because of the damage
when the damage is done to thecontainer of the lithium.
(07:41):
And the idea that we would stillpretend that these batteries are
technologically safe oradvanced, they're not. They're
making it up, aren't they?
Donald Kendal (07:50):
Yeah. No. Absolutely. And I there there
are certain aspects of this whenyou're reading the analysis of
all of this that really makes itclear that this isn't about
trying to just like jumpstartthe green economy or trying to
get a foothold for electricvehicles so that they could
become a self sustainingindustry or something like that.
It will be beyond that.
(08:11):
There's a breakdown of, the02/2008 energy improvement and
extension act. So that was backin Barack Obama years where it
was, I think it was one of thefirst, EV subsidy programs out
there and it was limited to likethe first two hundred and fifty
thousand customers or somethingalong those lines. But then they
had a built in phase out of thatover the next year and a half
(08:33):
because I think the thinking wasthat, yeah, we'll have a
eighteen months of subsidies andthen by then, the EV market will
get on its own feet and we won'thave to have government spending
on that. That's completely not apart of this IRA. Like I said,
completely uncapped.
Any vehicle bought would you'dbe able to get a subsidy for it,
(08:55):
any EV, vehicle, basically tothe end of time under this new,
under the IRA. It's absolutelyunbelievable. And it's in it
it's again, once you startlooking at it, it's clearly just
a slush fund to give to thosethat are politically connected.
Shawn Thompson (09:10):
Of course.
Donald Kendal (09:11):
I mean, we've talked about Solyndra. There's a
half dozen that are mentioned byname in this report that are
just politically connected.That's not even talking a
lobbying firm set up by StaceyAbrams They're getting billions
of dollars and stuff like that.But then there's also, one one
of the largest recipients of theIRA subsidies is a Chinese owned
(09:32):
company. It's in fact, it's thelargest
Shawn Thompson (09:36):
Is it Goshen?
Donald Kendal (09:37):
Largest solar manufacturer got more than a
billion dollars under this.
Narrator (09:44):
Before we get to the rest of this podcast, I wanted
to let you know about twofantastic live podcasts
Heartland produces every week.We'd love for you to join us
every Thursday at 1PM Eastern,noon Central live for the In the
Tank podcast with host LineaLucan. You can watch on the
Heartland Institute's YouTubechannel or on Rumble where you
can participate in the show inthe chat with other fans and
(10:06):
also ask questions that we'lladdress on the air and put up on
the screen. And on Fridays, alsoat 1PM Eastern and Noon Central
Time, you can tune in live forthe Climate Realism Show.
Heartland's climate team ofAnthony Watts, Sterling Burnett,
and Lynea Luken, along with hostJim Lakeley, cover the crazy
climate news of the week, debunkmainstream media myths about the
(10:27):
so called climate crisis, diginto energy policy, and much
more.
The show often features gueststhat are some of the leading
climate scientists and energypolicy experts anywhere in the
world. There is no other showlike it, so become regular live
viewers of both of theseprograms if you are interested
in smart, lively, fun, andinteractive conversations. We
(10:48):
hope to see you there everyThursday and Friday afternoons
at 1PM eastern and noon centralat the Heartland Institute's
YouTube and Rumble channels.
Donald Kendal (10:59):
It's just a giveaway program.
Shawn Thompson (11:01):
Well, because this. Here's the thing, Donald.
You and I remember this from thelate eighties when the dailies,
those simps, those morons inChicago would parade around the
Chinese communist to themercantile exchange and show
them the floor and then takethem and give them sweetheart
deals. It's a kickback scheme.We give money.
The Chinese pretend to to buyour stuff, and they kick it back
(11:23):
to the fracking democrats. Thisis out in the public eye, and
they pretend no one can see it.And when you see what's going on
in Goshen in Illinois and yousee this deal in in in Saint
Louis, Missouri, 4 HundredMillion Dollar battery plant. At
the end of the news story, andit'll result in a 50 jobs. Yeah.
Well, does anybody wanna takethe time to divide 400,000,000
(11:45):
by a 50, and you realize that's2,600,000.0 a job, you fracking
morons. And the idiots vote forit because they think it's gonna
help things rather than realizeit's all a fraud. It's all a
fraud. And that's what you know,this is the part that people
have to get get used to. Youeither want the truth and real
economy, economic growth, or youwant the Joe Biden, Chicago
(12:06):
Democrat illusion of businesswhere it's all subsidized and
it's all kickbacked.
Yeah. What what is the, what's one of
Donald Kendal (12:14):
the slogans of your show where it's like the
Democrats are never right or the
Shawn Thompson (12:18):
Yeah. The Democrats are never right, and
the Republicans are seldomright.
Donald Kendal (12:22):
Yes. That's right. Yeah. Because, you know,
every aspect of this thisconversation, I I feel like I
could just respond to you with,it's actually worse than you're
saying. Because there's athere's a part in this, where it
goes to the policyrecommendations.
And obviously, the best policyrecommendation is just a full
out repeal of this. Like, we'vewe've got the Republicans
(12:43):
holding all the chambers,whatever. Let's just repeal it.
But it talks about how that'sactually a pretty sticky
situation because some of thismoney is going to districts
with, you know, a person, youknow, in the house of
representatives that has a barin front of their name. Yeah.
And you know what? They'vealready got that money promised
to their district, and theydon't wanna see it go away. So
there's there's there'sRepublicans that are gonna be
(13:05):
fighting for that.
Shawn Thompson (13:06):
Only the only the economic illiterate or the
dirty. You know, this is theother thing. This is why
politicians who never made moneyin their life never entered an
actual business. They shouldnever be politicians because
they all become worthmultimillion dollars, and nobody
understands why. The reason isthey're bribed.
It's bribery. It's open frackingbribery. They're steering the
(13:31):
contracts and they're bribed.Now if they have an r behind
their name, that doesn't makeany difference to me. I have
zero respect for Republicans ormen that do not understand the
difference between honesteconomic growth and why this
country is the youngest and therichest versus a Ponzi scheme of
fraud.
And this is our real problem.It's a it's a mentality. It's a
(13:52):
character issue. There arepeople that say, well, it all
spends the same. That was anexpression I heard from my
neighborhood.
What the hell do you care? Itall spends the same. No. It
doesn't. And these are the guyswhere they they they someone
else buys their sandwich, andthey say, nothing tastes as good
as a free sandwich.
Well, you're a scumbag. You'reyou're you're a scumbag because
(14:12):
I think nothing tastes as goodas a sandwich that I buy with my
fracking money. And this issomething that we can't come to
terms with. And the way thatthey make you pretend that this
is normal, well, you have tocome to the middle. You have to
compromise.
Well, really? Compromise withwhat? The fact that Joe Biden
added $9,000,000,000,000 in fouryears. It's it it it is double
(14:33):
any other moron that's ever beenpresident. Or the fact that out
of that 9,000,000,000,000 thatwe count, I say it could be 15
because it looks like all of thejobs numbers, and I mean all of
them, were government hires.
So now how do you unwind thatknot of bull dung, which is a a
corrupt economy? And that's whatIllinois does. They steal the
(14:54):
fracking COVID money. They stealthe welfare money. They use more
illegal aliens or any moron thatthey could put on a on a piece
of paper, and they say, look.
We spend it on him. And thereality is it's all a financial
crime. So I think at this point,you gotta just separate. You you
idiots go your own way. We'llcall it the the USSA, and we'll
have The USA.
Donald Kendal (15:13):
Yeah. The USAB or something like that. Yeah. The
Shawn Thompson (15:16):
United Soviet States Of America. I say we just
go in and all the rest. Youdon't wanna complicate it too
much. At least, 80% of thesemorons can't read.
Yeah. What was that
Donald Kendal (15:25):
one story about, the amount of money that was
spent billions of dollars spenton building new charging
stations for electric vehicles?And after a couple of years,
only, like, 12 had been made orsomething like that. Some,
Shawn Thompson (15:39):
like, ridiculous.
Donald Kendal (15:40):
Was it seven? She has look. I'm giving them more
credit than they're due.
Shawn Thompson (15:43):
But Here's the thing, Donald.
Donald Kendal (15:44):
I think that you could actually make the case
that this IRA, the the inflationreduction act, bought more
golden parachutes than chargingstations. Because there's a part
in this, paper that outlines thedozens of renewable energy
companies, even after gettingmassive subsidies granted to
them under this IRA program,have gone out of business.
Shawn Thompson (16:05):
They're all bankrupt. They're all bankrupt.
And the ones that exist exist onfinancial crime like Rivian.
Rivian is a financial it's afinancial crime. It's a scandal.
$6,000,000,000 practicallyinterest free. I don't even
think it is. I think it isinterest free from the federal
government. More incentives fromthe state government. The whole
fracking company sucks.
(16:25):
Every time they sell a vehicle,you lose a hundred grand.
Please, it's a joke. When yousee that car, that's like
somebody who's rich drivingaround in a big welfare vehicle.
It's all fraud. I can't evenstand to look at the fracking
things.
And they wouldn't exist if itwasn't for political corruption.
This is the part you have tounderstand. Because honest
business, guys who build gasstations, guys who start cars,
(16:48):
unless they're honest, they goout of business. They can't get
started. And when you talk aboutthose EV stations, a billion
dollars is a thousand million.
1 thousand million. You couldcall up any any gas station
company that's in existence, anyoil company. You could open a
gas station on a zero groundlevel for about $350 to $400.
(17:10):
Open it up, and it starts makingmoney from day one. Actual
profit.
So when that guy pays hisemployees, that's private sector
money. That EV will never evermake a dollar. That's my whole
argument against windmills andall the rest of it. It doesn't
make a dollar. It's all afinancial crime on the citizens
(17:30):
of this country.
And if it wasn't there, thenational debt might be
infinitesimal. We may not evenhave one if you eliminated the
lie versus the truth.
Donald Kendal (17:40):
Yeah. There's a saying that the difference
between a billion dollars and amillion dollars is basically a
billion dollars. And you look atthis paper, there's there's just
a graphic that shows all of thebillion dollars that are going
to this subsidy and billions ofdollars going to that subsidy.
It's just like, you know, atthat level, with this level of
spending, it it's just you can'teven comprehend it. And I think
(18:02):
that that's, like, the troublethat we get in with this.
You hear these numbers. Like,some of the numbers that, were
attached to the USAID thing thatwe talked about the last time I
was on. Where people are like,oh, that's that's, you know, in
the grand scheme of things,that's a pretty insignificant
amount of money. It's like,you're talking about
$55,000,000,000. Like, that'snot insignificant.
Shawn Thompson (18:20):
So so here here's the here's the
difference, Donald. It's it'sit's it's it reminds me of what
Joe Kennedy said. Joe Kennedy,when they asked him, why were
you out of the stock market? Hesaid when the guy who shines my
shoes for a quarter is talkingabout investing a thousand
dollars, there's too many moronsin the market. Did you ever hear
that story?
Donald Kendal (18:40):
I have not, but I should look it up.
Shawn Thompson (18:43):
Joe Kennedy didn't lose a dollar. There's
only a handful of guys, ArthurCotton, Jesse Livermore. These
are legends in stock marketstrading. Okay? So they asked Joe
Kennedy, well, how did you know?
He had not been involved. He hadliquidated his investments,
like, three months or two and ahalf months before, whatever it
was. They said, how did you knowto get out of the market? He
said, was getting my shoesshined. My my shoes shined by a
(19:06):
guy who was charging me aquarter.
He was talking to me about how Ishould he should invest at that
time a thousand dollars, whichwould be the equivalent of a
hundred thousand today. And hesaid, when this guy talks about
money like it doesn't matter andhe's putting because back then,
you could have you could tradeon margin. You could walk in
with 10%, and and they used tocall them bucket houses. They
were all around. And the guyswould give you 90% of the money.
(19:27):
It was like the first financialscandal of lending borrowing
money to people who didn'tdeserve it. So he knew when a
guy who makes 25¢ working istalking about spending a
thousand dollars, if this guyloses money, the whole game's
over. Basically knew to get thehell out of the market as
somebody who navigated thetroubled waters of insider
trading. He's the definition ofinsider trading. And he didn't
(19:48):
even think it was safe enough tosteal the money through inside
information.
And it's a fascinating realitywhen you hear people. And this
is my biggest gripe when I talkabout politicians. Here are the
guys worked since 1977. Nevermade up more than $200 a year.
He's got 9,000,000.
It's a financial impossibility.Because when you go to work,
right, you and me, when weinvest in our money, we're
(20:08):
investing after tax money. Wemake our money honestly. You
gotta compound. You gotta paytaxes on it.
It's virtually impossiblewithout getting into an Amazon
or to a a Tesla in the verybeginning to really make
millions of dollars and affordto have it as an asset after you
pay taxes. But only honest menknow that. So when you have
(20:30):
people who have neveraccumulated a savings account
of, say, $50, which is a lot ofmoney. When you make your money
honestly, 50 grand's a ton ofmoney. Right?
So when you when you meet thesedemocrat morons and they talk
about policies where, hey. We'regonna open this park, and the
government's gonna invest in myneighborhood, and they're gonna
put 7,000,000. Now anybody who'sever done any kind of business
(20:52):
in landscaping knows you couldput their park together for a
hundred grand. But the idiotswho don't know the difference
between a hundred grand or7,000,000 because to them, it's
just all unachievable. It's justall numbers.
These are the idiots driving usinto bankruptcy because they
support the scallywag thatbuilds the park for a hundred
(21:13):
thousand and steals 6,000,000 tohis friends. This is why we're
in this pickle. Because Oh,sure. And at end day money.
Donald Kendal (21:20):
Right. And at the end of the day, that politician
could say, I spent 7 millionsmaking parks better.
Shawn Thompson (21:25):
Exactly.
Despite the fact that they could have
Donald Kendal (21:27):
done the same job for a hundred thousand like
you're saying.
Shawn Thompson (21:29):
And the reason that they it exists is they'll
get 70 companies to kick back30%, and that's how Al Green is
worth $9,000,000. It's afreaking kickback scheme. That's
what it is. And for the firsttime in in in American history
since George Washington, and Iknow they're making fun of him,
this is the first time somebodyholds the position in of the
(21:50):
presidency who was notcultivated in the culture of
corruption, which is ourpolitics. Because this is how
they teach guys who even workfor the government.
Listen. Just go sit in thatfracking cemetery. Don't you get
caught not working. Stay out ofmind, out of sight. Wait for the
end of the day.
Drive the truck in, but keep itin the back of wherever you go.
(22:11):
That's the real way it works.They teach them how to
cultivate, how to get awayrobbing the people with a veneer
of value. That's our problem,and it's a cancer. And I don't
know if you can rip it out.
I think it's time to start over.
Donald Kendal (22:26):
Yeah. No. There's a lot of work to be done. I
don't wanna be just a bearer ofbad news. I think that, Donald
Trump and his cabinet are doinga lot of things, especially in
the energy and climate arena.
They're gonna have some sizableimpacts. One of them is getting
rid of the, endangermentfinding, which is underpinning
the entire crusade against, c otwo. It's the whole That's
(22:47):
right. That the c o two scamclimate scam is built on. So if
things like that can get doneunder this administration, it
would have massive and lastingeffect.
Shawn Thompson (22:55):
So corrupt as a nation. We let politicians make
what we exhale a fundamentalprinciple of photosynthesis, a
building block of life itself.We allowed these crooked rats in
Washington to deem it apollutant so they could tax it.
Get the hell out of here. Timeto rip that out by the roots.
Donald Kendal (23:14):
Exactly right. Exactly right.
Shawn Thompson (23:16):
Alright, brother. I love having you on.
You can find him. He's he's thedirector of Heartland Socialism
Research Center. Are and you'restill doing the Heartland's
Daily podcast, right, instopping socialism TV?
Donald Kendal (23:28):
Yeah. Sporadically. We we have the the
big thing that anyone that'sinterested in this topic should
go to heartland.org. You'll seethe paper right on the front
page. And then we also have theweekly climate realism show,
which is at noon on Fridays,noon central time on Fridays.
Livestream on Twitter andFacebook, YouTube. You'll
Rumble. You'll find it prettymuch anywhere.
Shawn Thompson (23:49):
Donald Kendall, thanks for time for me. I
appreciate you and all thepeople at Heartland. Thank you.
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