Mod: Please move to market politics.
I was wondering where all the new posts came from and this thread is the dumping ground for all things political.
BTW, Sen Barasso has introduced a bill to eliminate the EV tax credit and introduce a federal EV tax to pay for the damage to highways from EVs. The federal gasoline tax now doesn't really pay for the damage ICE do to the roads.
As
@KarenRei posted Five Thirty Eight and most other pundits give good odds the Democrats will take the House, but the Republicans will hold the Senate. The math works very much against the Democrats in the Senate this time. Republicans only have 8 regularly scheduled Senate seats up and one special election in Mississippi. The Democrats are defending 24 seats with one special election added. Among the places the Democrats are defending are Indiana, North Dakota, West Virginia, Missouri, and Florida. Missouri is a toss up, North Dakota is leaning towards a flip (especially now the new law to prevent Native Americans from voting got upheld). Florida is also a toss up, Bill Nelson is a horrible campaigner and he's up against one of the best campaigners in the Republican Party: Rick Scott. But Scott is hampered from being in Trump's party, with a bad hurricane that is being managed about as well as Puerto Ricos, and a severe red tide problem made worse by pollution Scott allowed to happen.
Even at that, the Democrats have shots at flipping seats in Arizona and Nevada.
2020 looks brutal for the Senate Republicans. They will be defending over 20 seats in a presidential election year with a president who will likely be even more unpopular by then.
Trump has benefited from a strong economy he inherited. Delving deep into the presidential approval polls, the majority of the 55 or so percent who say they disapprove of Trump strongly disapprove. Of the 40 or so percent who do approve of Trump, most polls only show 10-15% strongly approve. The rest are more tepid. There are people who only approve because the economy is doing well and there haven't been any serious problems yet (other than a few acts of nature).
As Rick Wilson has said (and entitled his book) Everything Trump Touches Dies. Trump has set in motion a number of things that could lead to disaster. For the moment the Korean Peninsula looks OK. A lot of people claim Kim Jong Un is crazy, but I'm convinced it's just the act he's played to try and help his country. When he came up against a real crazy person (Trump) he suddenly started acting a lot saner and started serious negotiations with South Korea. However, if things do go bad in Korea, that will not only be a terrible disaster for Korea, it will have economic implications felt around the world. For one thing flat screens will become impossible to come by for a couple of years. 90% of the world's flat screens are made in South Korea, most around Soeul which will likely be badly damaged by North Korean artillery in the first hours of a war.
Other looming disasters are the trade war, which could badly damage the US economy. Somehow NAFTA has survived, though Trump is touting his tweaks to NAFTA as the greatest treaty ever. The effects of a trade war take time to percolate into the economy, but a number of US businesses have already folded because of the steel and aluminum tariffs. The tariffs will affect other auto makers worse than Tesla. The tariffs on steel are steeper than aluminum and Tesla tends to lock in contracts for materials several years in advance as well as focus on domestic sources. I know they were buying most of their sheet aluminum from a Portland company that used a lot of recycled aluminum. Though I don't know if they are now.
The Chinese are aiming their tariffs to do as much damage as possible in Trump states. So agricultural products are the primary target, though other things are targeted too. The trade war is also making companies uncertain in other areas not directly affected. I contract for a company that makes test equipment for the integrated circuit industry. I had my hours cut last week and they have had to lay off a number of people because capital investment across the industry is way down due to the uncertainty. When it looked like the economy was going to survive the 2008 crash, they had so many orders the engineers were building systems. I probably would have been on the production line too if I was physically there (I telecommute).
The ripples from the trade war are just now being felt, but it's going to get a lot more pronounced. If Trump were replaced with someone sane tomorrow, the areas of the economy not directly affected by the trade war would bounce back quickly, but many areas are going to feel an effect for a long time.
The economy is a like a large ship. It takes a lot of effort and a long time to turn, but once it does, it take a lot of time and effort to get it back on course. If Trump is still in office in 2020, we will be feeling the full effects of his mismanagement.
Another domino Trump has set up is Saudi Arabia. Jared Kutchner has encouraged Mohamed bin Salman to pull off a palace coup and replace his brother as the primary heir. MBS could bring down the House of Saud who have ruled the country since the early 1920s.
The House of Saud have always been relatively liberal themselves, but to get and keep power, they had to ally themselves with one of the most conservative sects of Islam in the world, the Wahhabists. Part of the deal was the Wahhabists ran Saudi Arabia's education system. So at this point every Saudi outside the House of Saud has had about the most conservative Islamic education possible. The fact that a large number of the 9/11 terrorists were Saudi Arabians was because of this. They were people radicalized by the extreme form of Islam they were taught combined with a strong enough general education to be able to pull off the attack.
MBS is ticking off the Wahhabists with his liberal reforms like opening up movie theaters and allowing women to drive, and his actions with killing Khashoggi in Turkey could be even more destabilizing. While the Wahhabists probably have little issue with the killing of a journalist, the rest of the world does. The Saudi attacks in Yemen are also turning the world against Saudi Arabia.
Between external and internal tensions, the Wahhabists could decide to seize control in SA which would at minimum set off a civil war. It could end up handing SA over to people akin to ISIS and cause a worldwide oil crisis.
Back to Tesla, an oil crisis would help them. The cost of electricity probably wouldn't change because most of it is generated with domestic fossil fuels (natural gas and coal) which are cheap. If electric cars are zipping past long lines of ICE drivers waiting to buy gas, it would get a lot of people to rethink what they're driving.
The trade war could help Tesla too because they have been the most aggressive car company at securing parts from the US, or at least North America.
On the other hand the Republicans want to do everything they can to kill off electric cars and solar, but so far they have not been very good at it. The fact that the EV incentive overly benefits wealthy people probably helps it stay in place. Same thing with the solar tax credits.
We've been in uncharted waters politically for close to 2 years now and it looks like more uncertainty ahead. I think that a big Democratic win this election will help people's fears, but it won't completely stop Trump from doing idiotic things to destabilize the world.