Big, Beautiful Bill—A New Political Flashpoint or MAGA’s Golden Opportunity?
Bills proposed by U.S. presidents often spark mixed reactions and heated debates—Barack Obama’s “Patient Protection and Affordable Care Act” was a prime example. Now, Donald Trump’s “Big, Beautiful Bill” is following suit and has sharply divided American politicians.
Donald Trump’s “One Big Beautiful Bill” (also known as BBB or OBBBA), first introduced on February 26, 2025, approved by Congress, and signed into law on July 4, 2025, stands out for its sheer scale and complexity, tackling everything from energy policy to tax breaks.
Key provisions include: axing the $7,500 federal tax credit for electric vehicle purchases after September 30, 2025; eliminating penalties for automakers that fail to meet existing fuel economy standards; significantly reducing regulatory oversight on traditional oil and gas industries; and introducing tax incentives for fossil fuel extraction and production.
Critics argue these moves could shake up the EV market and slam the brakes on automotive innovation. Elon Musk, CEO of Tesla, sharply criticized the legislation, calling it a “disgusting abomination” and a “bloated mess.” He further remarked that never before in the history of civilization had there been such a “disgusting” and simultaneously massive piece of legislation, expressing deep disappointment that his proposals were not supported in the bill.
Echoes of History and the Lithium Dilemma
Trump argues that removing incentives will help the economy and reduce government spending. However, American history often shows the opposite—that large government investments, despite initial skepticism and concerns over debt, can lead to significant economic growth and long-term benefits. U.S. history is full of cases where Congress balked at ballooning the national debt—only to be proven wrong. One striking example is Dwight Eisenhower’s “Federal-Aid Highway Act,” which ended up costing $129 billion (five times the original estimate). Lawmakers initially hesitated, but the project became a roaring success, ultimately handling 23% of all traffic despite making up just 1% of U.S. highways. It created hundreds of thousands of jobs and turbocharged the economy. Could the EV revolution offer a similar economic boost? Supporters believe yes, pointing to EVs as a powerful growth engine for the auto industry.
This historical comparison highlights a fundamental debate: whether cutting spending or making strategic investments is the best path to long-term economic prosperity.
Dwight Eisenhower, His Five Stars, and One Diamond: The U.S. Interstate Highway System
EVs = Lithium Cars and The Not-So-Gold Rush
The real driver of the EV boom isn’t Elon Musk’s mood swings or Tesla’s stock price, but lithium—the key ingredient in lithium-ion batteries. Lithium batteries offer longer range, greater reliability, fast charging, and continue to drive innovation. Yet lithium has drawbacks: geopolitical risks, environmental concerns from mining, and significant recycling challenges.
Calling lithium “the new gold” is media hype. For starters, gold is far pricier. Plus, global lithium reserves are enough to meet demand for the foreseeable future. But it’s not all smooth sailing: most lithium comes from a handful of countries, mining is expensive and environmentally messy, and recycling remains a significant technical challenge.
Still, the EV surge could supercharge the U.S. economy by creating manufacturing jobs, driving technological advancements, reducing dependence on oil, and opening new infrastructure opportunities. Conversely, Trump’s bill could stimulate traditional fossil fuel industries, reducing short-term costs for consumers. However, slowing EV adoption might risk America’s leadership in global innovation, harm environmental progress, and reduce job creation opportunities in emerging industries.
Digging for Minerals Almost Always Pollutes. The Question Is: Whose Backyard?
The Bottom Line
Love it or hate it, the “Big, Beautiful Bill” has some decent ideas. But killing EV incentives? Maybe not the smartest play. Perhaps fostering innovation and incentivizing clean tech industries alongside traditional energy sectors would be wiser. America needs reliable, affordable lithium supplies—even if it involves pragmatic partnerships. Ignoring global EV trends might lead to missed economic opportunities and environmental setbacks.
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if taking on debt is so good for the bottom line, why doesn’t everyone do this?
i don’t believe at this point that is what american(s) need to be overzealously concerned with at this stage. “zelensky’s latest call with trump was ‘most productive’ he’s ever had”… mango mousillini at the white hou$e has another zi0ni$t **** up his rectum and will do the bidding of larry fink -even if it means a russian “dead hand”!…
ps and for those still paying attention who understand the fundamentals of principal and interest -there are “no” strategic investments or long-term economic prosperity left for this country that is $37 trillion in the “red”!…
the stock markets, crypto are at all times highs, oil is down, gold is up the vix is low, the tel aviv exchange is up as if nothing has happened the last 2 years. all this things are being manipulated. the usa is losing jobs fast, the latest report says so. if you go out on the street and talk to people, they will tell you things are very bad and it has being going on for a few month now. things are going to suddenly implode.
the collapse into a third world failed state can come at any time. when it does people will only be surprised it didn’t happen earlier.
censorship censorship censorship censorship censorship censorship censorship censorship this might as well be twitter of the bbc
$2 trillion plus budget deficit. $2 trillion plus balance of payments deficit. $37 trillion plus state debt. $1.03 trillion annual interest payments. war machine budget over $1.3 trillion. chumpo’s administration is like a teenager with a dozen maxed out credit cards.