Kamala Harris Economic Proposals - 8/16/2024

Kamala Harris is floating some economic proposals.

Wanna know what happens if the U.S. Government gives first-time home buyers $25,000? First of all, you give the already expensive housing market an influx of new buyers. In short order, due to supply and demand, you'll see housing prices increase. The market will gobble up that $25,000 quicker than you can say "free money".

Know what else will happen? A whole lotta people who don't have the discipline to save up for that first time home purchase will find out that they don't have the discipline to make mortgage payments. All of them? No. A lot of them? Yes.

The other economic proposal is to impose price controls on food. Yes, food is expensive. But damn, I am terrified of the thought of Democrats controlling our food markets. No. Just no. Do we really believe grocery store profit margins are where the problem lies? It's not. Farms cost beaucoup money to run and are affected by inflation. Trucking/transportation costs tons of money, too, and those costs are passed directly to consumers, do not pass go, give us $200. Considering all the foregoing, compared to many other industries, I suspect grocery store and chain profit margins are fragile and somewhere between slim and extremely slim.

Meanwhile the U.S. Government wants to regulate the whole kit and caboodle? Hell no. They'll be deciding for me that I can't have a burger because cows fart. An emphatic no. They'll be vetting the whole of the supply chain for political leanings and make it hard or impossible for those in their disfavor to compete or participate. No way, Jose. In no time they'll have federal dieticians (trust the science!) telling us what we can and can't have on grocery shelves, our very own dietary Anthony Fauci's so to speak. Fuck no.

Then there's this: JD Vance: “We should have a $5,000 tax credit for new parents” Media: “He discriminates against childless Americans.” Vice President Harris: “The tax credit should be $6,000” Media: “She’s wonderful!” Trump: "No tax on tips." Media: "Trump panders for votes." Harris: "No tax on tips." Media: "She cares soooo much about the working poor."

A Kamala Harris Presidency will be devastating to the U.S. and world economy. Let's not forget, neither Vice President Harris nor Governor Walz ever spent any time at all in the private sector in any time of managerial or entrepreneurial role. These are lifelong public sector people with no business acumen or competitive business instincts. Their lives are political. Entirely. Purely. Totally. They are ignorant of what makes a free market work.