President Joe Biden’s administration appears determined to micromanage the basics of how the public buys homes and cars. So maybe it’s time to start calling Uncle Sam by his real name: Nanny Sam.
No doubt the Nanny Sam rules are intended to effect change in our society, at the expense of the free market, forcing the public with good credit to help those with lower credit pay their mortgages and ultimately to adopt electric vehicle technology for the sake of the climate. crisis
BIDEN MAKES YOU SUBSIDIZE MORTGAGES FOR SALES
Biden bureaucrats and administrators have decided that it would be good for those with higher credit to pay a premium to subsidize those with lower credit scores, starting May 1st. credit scores and down payments to finance a new home in order to pass that money on to someone with a lower credit score.
As someone who has tried and failed to buy a home, I’m not saying our current housing market is perfect. But as someone who has also been working to get decent credit, why should I pay more now for a house than I did before I paid all my statements on time?
Amid squabbling over fairness and opportunity, how are we to argue that it would be better to pave the way for poor people to earn a decent living so they can make the payments instead of subsidizing riskier loan applicants?
And then you see Nanny Sam looking at your trusty four-cylinder sedan with a disapproving look in her eyes. The federal government needs to use a carrot-and-stick approach to force automakers into the EV-only market through rebates and mandates, he concludes.
The Environmental Protection Agency presented its proposal earlier this month to make gas cars the minority of new cars by 2032.
This comes as automakers have begun the transition to all-electric cars in earnest. They have already invested massively to make the switch despite questions about whether there are enough minerals to support a global transition to electric vehicles and what reliance on China’s heavy metals will mean to our national security.
Nanny Sam remains silent when asked how those who will soon get a mortgage rate discount will be able to pay for EVs without going into more debt.
New electric vehicles generally aren’t cheap, and those that are are limited in range, said Jason Hayes, director of energy and environmental policy at the Mackinac Center for Public Policy. Hayes said the EPA’s proposed rules would turn the free market on its head by requiring vehicles to run on electric power instead of adapting to consumers’ lives.
“They’re telling people, ‘You’re going to get this technology and you’re going to like it,’ or ‘Get used to it,’ or ‘Rearrange your life so the technology now fits your life,'” Hayes said. “So it’s never been how free markets have worked.”
Hayes said that if electric vehicles could do everything that internal combustion cars can do, government subsidies and mandates would not be necessary. But instead of waiting for the technology to expand into widespread electric vehicle use, Nanny Sam has taken it upon herself to make demands.
Nanny Sam certainly thinks these are the right ways to protect the environment and ensure everyone has a place to live, but tough federal rules infringe on fundamental freedoms: we should be able to decide how to live our own lives without the government enforcing their ideals of what is right.
There are certainly ways to improve everyone’s lives through well-thought-out policies or programs, but the Biden administration’s far-reaching efforts to remake our society to reflect its liberal agenda far exceed the constitutional limits of executive power .
But what’s the point of telling Nanny Sam to follow the rules when she’s already making up her own?
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Brendan Clarey is an education editor living outside of Detroit. His views have also appeared in the Detroit News, USA Todayand the New York Post.
