Recently, Vice President Harris began to appear more often in the media, which is already an achievement for her – it is obvious that Kamala is one of the most secretive and unknown to the general public candidates in the history of the country. To be honest, the election speeches of the Democrats are of particular interest to me – I would like to find out whether she will say something new besides the beaten theses such as “opportunity economy” and “freedom and equality,” and whether there will be any constructive proposals for improving American politics. Maybe a month before the election, she will come out and say: “We know how to overcome poverty in our country, here’s the plan!”
And no, you can’t expect this from her.
After all, being the current vice president, she must understand what problems need to be solved and what to reform in the existing structure of economic system.
After watching Harris speech at the Economic Club of Pittsburgh, I was able to draw a certain conclusion – Kamala does not know, at all, how to solve existing economic problems. It is clear that this issue is comprehensive, requiring a very painstaking study and assessment of all pros and cons, but she had almost four years to develop at least some sound concept. And here’s what we could hear:
- Kamala insists on raising the minimum wage to $15 an hour;
- she offers a tax credit for newly minted parents in the amount of $6000;
- she expects to increase the tax credit for small businesses to $50,000.
Her proposed measures, ostensibly aimed at improving the standard of living of the middle class (about belonging to which Kamala does not forget to remind us in every public speech), actually lead to one question “Will you increase government spending again?” And that’s at a moment when Congress is facing foreheads over and over again in trying to approve a budget, trying to avoid a government shutdown.
Harris’s proposed measures would increase government spending. Increased government spending will lead to higher public debt. An increase in public debt will lead to an increased interest rate. Trying to lower the interest rate would somehow lead to inflation, which Harris says she “knows how to deal with.” Harris will fight inflation by cutting spending on individual budget items. I wonder how soon after her potential election, Democrats will announce, for example, a reduction in, funding for the DHS (given that Democrats have turned the southern US border into a grid in three years).
In addition, Kamala says President Trump has left the country’s economy in its worst state since the Great Depression. It’s funny how the Democrats accuse him of lying, but they themselves do not disdain lies – as previously reported, TCJA stimulated economic growth and increased the investment attractiveness of the country, and the unemployment rate in pre-COVID times was at all at a historically low level, but Biden and Harris attribute their merits to increasing jobs.
“We know how to build a successful economy,” Harris says. It’s hard to say why they haven’t done it yet. Why in four years in the Oval Office did Biden not develop a policy to reduce prices for basic goods? Why wasn’t a program designed to increase home purchase affordability? Surely Joe was sitting in Delaware thinking “Wait for Kamala to decide to make it part of his campaign.” And after all, Harris said she knows how to lower prices. Recently, a communist proposal from comrade Kamala to regulate and limit food prices is at odds with her claim that she is actually a capitalist and favors a free market.
And when told that bringing all her plans to life would add three TRILLION dollars to the national debt in the next ten years, Harris again mentions President Trump and that she would “negotiate with Congress” and “make the rich pay in fairness.” What can I say – in addition to the economy, almost any attempt to remind Democrats of their mistakes ends with the same thing: “But Trump is even worse!” The “60 Minutes” with Harris and Walz will only undermine this.
Spending, spending, and spending again is a blow to the American economy. It is only natural that Harris, voicing her thoughts on how the state will provide loans, subsidies and tax breaks to the poor, expects only that some undecided voters will take her side. It is likely that this will happen. It is worth considering how to live on if Kamalanomics is actually implemented, and will the American middle class, of which a Democratic candidate considers himself, be really immune from financial losses?
