In our post-COVID world, numerous businesses realize how little they should be depending on China. Despite Joe Biden’s best efforts, companies from around the world are investing in the U.S. That includes the automotive industry, which is still reeling from a semiconductor shortage.
Automakers are scrambling to build facilities to supply needed components in America, to protect against future crises and overseas turmoil (about time). The groundwork for such a trend was laid by President Donald Trump–who constantly championed American manufacturing.
Companies including Hyundai, Ford, and Samsung will be breaking ground in the U.S. All of them have announced plans to build in red states. Now, Honda will be building an EV factory of its own. Guess will it’s going?
Honda and battery maker LG announced plans for a $4.4 billion electric vehicle (EV) facility Monday, likely to be located in the Republican-run state of Ohio, the latest such facility built in a Republican-run state…
While the companies did not publicly disclose the location, people familiar with the matter said the Honda-LG factory was planned for Ohio, where Honda already has a significant presence with an auto plant in Marysville…
The plant will be similar to those being built by competitors, including a $5.5 billion Hyundai plant in Georgia and a $5.8 billion Ford plant in Kentucky. [Source: Daily Caller]
Oh! So, Democrats are trying to take credit for all this development, because their “Inflation Reduction Act” includes a tax credit for EV makers. Yet, these companies (some American, so foreign) aren’t breaking ground in New York or California, are they?
These companies will be investing billions in states that are predominately run by Republicans. That includes Ohio, Georgia, Kentucky, and Texas (Samsung will be building a chip factory in the Lone Star State).
Now, why would these companies prefer Ohio or Texas over Michigan or Illinois? Could it be that blue-run states are driving businesses away? If the high taxes, heavy regulation, and unfavorable union demands don’t keep them away, the high cost of living and runaway crime would.
Long before COVID, companies were ditching Democrat-run states. The socialists who run these states have made it very clear they are not interested in helping corporations (or even small businesses) succeed. Their radical progressive agendas punish companies and hard-working Americans.
Meaning, that stoners, illegal aliens, and welfare leeches get prioritized. The only folks who seem to benefit from far-left liberal policies are the liberal elite, who are rich and powerful enough to be shielded from the fallout.
These companies know the score. They are not about to invest billions in a factory in a state that will treat them like villains.
Author: Jim Stone