Economy truth...
Credit card debt- $1.14 trillion… ALL TIME HIGHMedian price of a home- $426,900 - ALL TIME HIGHMedian price of a car - $48,644 - ALL TIME HIGH
Job reports have been showing new jobs every month… but it has just been talking points. They have been releasing numbers to show the economy looking strong. What they DON'T tell you is every job report issued through the media was followed by an updated downward revision wiping out many of the jobs they claimed to add.
“The result was that in almost every month of 2023, thousands of jobs being added to the economy were ones presumed to have already existed. But even after downward revisions effectively wiped away hundreds of thousands of jobs from the cumulative total for the year, these monthly reports still overstated annual job growth. The BLS also publishes a quarterly census of employment and wages. Unlike the monthly job reports, which rely on a relatively small survey, this census reaches about 18 times as many businesses, covering 95% of jobs in the United States, with figures available down to the county level. One downside to the quarterly census is that the information is not nearly as timely as the monthly job reports, typically taking five months to be published. Nevertheless, the data is finally in for 2023, and it shows the previous estimates were off spectacularly, even after the huge downward revisions. Adding up the cumulative change in those monthly reports for 2023 shows annual job growth of 2%. The wider-reaching census data, however, shows annual growth of just 1.5%. At first blush, one-half of 1% seems like a mere rounding error. But in an economy exceeding 150 million jobs, that’s a significant difference. Job growth was overestimated by more than 770,000 last year. Put differently, about 1 in 4 jobs that were supposedly added last year never existed. That’s like eliminating all of the jobs gained in three whole months of 2023.” Courtesy of EJ Antoni… read his article here:
https://www.heritage.org/jobs-and-labor/commentary/bidens-job-growth-disappearing-act
In addition, many of these jobs are going to non-US born workers. US born workers in the workforce are down since pre-Covid numbers. Non-American born workers are up from pre-Covid numbers. And the contrast is startling, hence why most Americans find it hard to believe the economy is doing as well as Kamala Harris claims. Data from the Bureau of Labor Statistics for the month of May shows that foreign-born workers in the United States gained 637,000 jobs year-over-year, while native-born workers lost roughly 299,000. Also per E.J. Antoni, “native-born employment is not only millions below pre-pandemic trend, but even below pre-pandemic level, while millions more foreign workers are employed today than [February of 2020], and back to trend.”
In addition, of all new jobs created, over 35% are government related with another 20% social services sector. This means minimal GDP impact and increased government spending, adding to the already exploding US deficit and accumulating debt!
They say consumer spending is booming. When we look at consumer spending, what is not discussed is the amount of spending done on credit. This is why our credit balances are as high as they are today. RECORD HIGHS!!! And due to the high cost of automobiles, banks are being encouraged by the administration to offer 90-month loan terms! Once credit is maxed, spending will stop and stop hard. In the meantime, just more debt. I guess the banks will like the interest they will receive... if they receive it. Once the economy reacts, the recession will be real. Job losses will be real. People will not be able to pay back the loans on credit cards and automobiles. Banks will lose these assets currently on their balance sheets. It will spiral. The economy won’t do well.
This entire thing is one big bomb that is about to go off. The current administration and Democratic Party seem to have no plan for it. If there is a plan, I want to hear it from Harris/Walz directly, which is why a true press conference / debate is warranted.
Simply saying they will stop corporate greed and resulting price gauging is not an answer. If they truly believe corporate greed prize gouging is causing the inflation issue, they are absolutely idiotic... or insane. No serious economist from any side of the aisle would ever say the cause of our inflation is corporate greed. It’s ridiculous. But I guess it fires up their base... mostly people who simply don’t know any better.
They need a true plan and they simply don’t have one. Or if they have one, they are waiting to announce it in order to keep the Trump administration, Republican Party and the small conservative media from dissecting it prior to a debate. It's definitely hard to rebut a policy position with facts if you have no idea what the policy position is which you need to address.
But to illustrate how much Harris DOESN’T know, let's just take monetary policy and inflation. Understand that the Biden-Harris SENIOR Economic Adviser Jared Bernstein couldn’t even explain monetary policy and the impacts of printing money, borrowing money, and confiscating money (taxes). He flat out admitted he didn’t know how money works!
https://www.youtube.com/watch?v=hZRUCD2DJXQ.
This is basic Macro Econ 101. THEY DONT KNOW WHAT THEY ARE DOING!
We are hearing plans from the Trump-Vance side. 1. Remove government regulatory interference. 2. Drill baby drill. 3. Severely cut government deficit spending and reduce the available money supply.
Attack the current root cause of inflation and the rising costs associated with raw goods production and distribution/logistics with heavy reductions in / removals of government regulations across multiple economic sectors, making it cheaper and easier to produce and distribute goods due to less government restrictions, procedures, and fees. It will help bring down the cost to produce and transport raw materials from cotton to steel to plastics to produce and groceries.
Remove the war on fossil fuels by incentivizing long-term expansion of fossil fuel exploration across the northern American hemisphere, expand distribution options for LNG, and increase distribution channels for light and heavy crude from well to refinery to bring down the cost of energy and oil-based commodity production across the board. The result is reduced fuel prices, which reduces logistics costs of consumer goods, further reducing the price to consumers.
Last, enact massive cuts to government spending and government waste, reducing the money supply, resulting in the reduction of the deficit and increasing the value of the US Dollar.
Kamala privately gets it. She knows that people understand the war on fossil fuels is "fueling" the price hike of energy. She also understands the number of jobs associated with the fossil fuel industry. So now she is claiming to be "in favor" of fracking. Really? This wasn't her TRUE stance on this issue when she ran for the democrat party nomination in 2020. I can assure you it isn't her policy now either. She is gas-lighting the American voter to get your vote.
If you listened to the Musk-Trump “fireside chat” Monday night, you would have heard them discuss this in detail. In addition, you would have heard Elon and Trump agreeing that we can’t de-commit from the focus on Green, Clean energy as the energy source of the future and must have a focus on clean energy and building an infrastructure that can support it. The Trump administration will invest in clean energy initiatives… investing in research and technology designed to improve capabilities so when we reach a point that electric vehicle technology can replace gas performance, we can slowly transition without disrupting the economy and our way of life.
There will not be mandates for consumers forcing them to use electric cars by 2030 and no push for consumers to switch when the US infrastructure can’t support it. There will not be mandates forcing consumers to use electric water heaters and stoves in place of gas and no push for consumers to choose these options when the electric grid can’t support it. We the people will choose for ourselves what we want to use and when technology produces a better alternative to gas, and when the us electric infrastructure can support the capacity, the people will choose these options.
There will be major incentives for corporations to build factories and bring operations to the US and to hire US workers. There will be caps on annual immigration to ensure the labor market stays balanced with job opportunities and the community infrastructure can support the population it serves. There will be an effort to reduce the impact of the federal reserve as an independent body so interest rates can reflect what the people can afford, reducing the cost to borrow money for a house. There will be an overhaul of tax policy to remove taxes from social security and tips earned by the service sectors.
Yeah… Kamala is trying to steal this one and take credit (she can’t even come up with her own policies). But her IRS plan sure didn't include this idea, did it. Going after taxes on server tips was included in the IRS portion of the Inflation Reduction Act. Guess you didn't know this.
If you want to see more about Trump's "PLAN"….
https://www.donaldjtrump.com/platform
At least there is a plan.
Continue to vote for these crazy spending policies and consumer control policies of the left and you will continue to get the same results. And this doesn't even discuss the far-left "progressive" policies the candidates have supported (though they will certainly claim they no longer support these in order to get votes... and then if elected, certainly move back to their far left ideology). Confiscating guns deemed by the government as illegal; disregarding the 1st amendment by codifying hate-speech and disinformation as illegal (but the government determines exactly how both are defined at any given time). The UK tried to stop the Trump-Musk discussion and threated the arrest and extradition of US CITIZENS who used social media to repost any discussion they deemed as possibly leading to unrest in their country. SPEECH!!!! Arresting AMERICAN CITIZENS IN OUR OWN COUNTRY!!! Yes, this is the same way the democrat progressives look at free speech. Say something we don't like, go to jail. This is part of the New World Order.
We haven't even started talking about Harris stating she didn't believe any person in this country without papers should be considered "illegal" and called for "reimagining" ICE and CBP... which was to change both organizations from enforcing border policy to working as a processing system for all. No such thing as an "illegal immigrant". ALL immigrants are welcome and no need for points of entry. Just come on' in and we will process you...10, 15... 20 years down the road. They are already providing illegal immigrants with housing, clothing, food, healthcare, and education at taxpayer expense, while so many US citizens need help. Over 30% of NYC hotel rooms are taken due to immigration housing policies, paid for by the government. Have any idea what this costs? Any idea where this money COULD be going? Any idea what this does to the cost of remaining inventory to the public who want to visit NY (if such a demographic actually still exists)?
Do you know the impact of these policies on the communities? What about the impact on minority communities? Black communities? Well the Center for Immigration Studies gets it. There was a recent panel discussion on the issue. Here is something the left doesn't want you to understand. On this panel, you have the Director of Membership Development for Black America for Immigration Reform, Donna Jackson, and the Executive Director, Kathleen Wells. Illegal immigrants are getting ahead of black people economically at the hands of the Democratic Party. They’re getting the jobs, free education, free housing, free healthcare, government funding; in some cases employers have even laid off staff in order to replace them with immigrants. They’re also taking over black communities and preventing black ownership & entrepreneurship.
https://www.youtube.com/watch?v=xzSTzve1aSE
For all of the videos from this important debate, visit the CIS video page here:
https://cis.org/Video/Panel-Video-Impact-US-Immigration-Policy-Black-Americans
The "open border" of the Biden-Harris administration has only been addressed recently due to public outcry. She is even saying that one of her first actions as president will be to "close the border". Seriously? She's been in office for 3-1/2 years as Vice President and charged with handling the border crises. NOTHING WAS DONE! Not to mention her opportunities to address immigration reform as a Senator. Again... NOTHING! Her recent change in policy is nothing short of gas-lighting the voters in order to get votes. It is a LIE.
The first thing Harris-Walz will do is remove the constraints that have recently been put in place to cover for the Biden-Harris administration's failure. Both agree there should not be border enforcement and people should have the right to come and go as they chose, citizen or not. And they BOTH agree that non-citizens should have the right to vote in FEDERAL elections. There is a reason all but a few democrats voted AGAINST H.R.8281 - SAVE Act in the house, and it will NOT pass the Senate. Democrats claim there are no non-citizens voting, but yet there is proof that non-citizens are handed voter registration forms with IDs when going through processing. Say again??? I guess this is just mis-information... soon to be illegal in the US.
And we haven't even touched on the Biden-Harris Title IX modifications... sure to be expanded under Harris-Walz. This is such a slap in the face of women Funny how Harris calls for protection of "Women's Rights" when discussing abortion and pregnancy, but can't define a women when it comes to women benefits and protections regarding athletics, scholarships, and the right to simply have a locker room safe from male anatomy. This reform hurts women, reduces the burden of proof needed for sexual assault claims, and enforces the use of hate-speech laws by punishing those who chose to use biologically-based pronouns for people who identify as something other. Sad.
They also support and promote youth gender reassignment surgeries as well as gender transition care with hormone replacement therapy for children. They approve sexually explicit materials made available to elementary school students in their school libraries, and supporting policies such as barring school districts from requiring that parents be informed of their child’s change in sexuality or gender identity without the child’s permission.
Not to mention they support laws such as California's AB 957, through which parents may lose custody of the child if they resist gender transition. The STATE can take away children from their parents if the child wants to transition their gender and the parents do not allow it.
The government intrusion on the family is mind-boggling.
And I haven't even started discussing the policies of Tim Walz as Governor of Minnesota. We can review at a later date his handling of the 2020 riots that burned down Minneapolis, placing feminine hygiene product machines in boys bathrooms in high schools, Covid-19 lockdowns, lax oversight of pandemic programs that cost millions of taxpayer dollars, his claim of using military grade rifles "in combat" yet never serving in live combat (referred to by military veterans as "stolen valor"), designating Minnesota a "sanctuary state" scaling back local police cooperation with federal immigration enforcement, opening a hotline allowing individuals to snitch on those who were eschewing the state’s stringent lockdown rules (so much for his "mind your own damn business" comments, eh?... ), opposition to school choice in support of the teacher's union, signed the "trans-refuge" bill, called upon state agencies not to approve health insurance plans that didn’t cover gender-affirming operations for minors with or "without parental consent", and 100% tax-payer funded college education for all in Minnesota.
And we can also take a look at his tax policies and the impact on Minnesota. He inherited a $17.6 B surplus and eviscerated it with social program spending. To save any form of a surplus, he instituted a massive tax-and-spend policy (the most of any governor in the U.S.), and the result has been higher corporate taxes, higher income taxes, higher tourism taxes, higher sales taxes, investment taxes, etc.. "The tax increases came against the backdrop of this $17.6 billion budget surplus, suggesting that they were driven less by perceived revenue needs than by their contribution to greater tax progressivity." (Jared Walczak, the Tax Foundation) See more about his tax policies here:
https://taxfoundation.org/blog/tim-walz-tax-policies/
What about foreign policy? Well, again... we have NO idea of how their platform will address foreign policy. But we do have a glimpse into their progressive views.
"We do know Harris and Walz favor Biden’s program to pressure allies and appease opponents. We do know that Walz supported the Iran nuclear deal, which has flushed the Iranian regime with cash and enabled it to fund its terrorist proxies throughout the Middle East. Although initially supportive of Israel right after the Oct. 7 attacks, he has been willing to appease a loud and dangerous anti-Semitic faction of the base. He has expressed solidarity with the pro-Palestinian protesters who have at times been violent and destructive and have sympathized with and outright defended Hamas terrorists and their continued efforts to maximize the suffering of Palestinians in Gaza to harm and weaken Israel." (Rebeccah L. Heinrichs, Senior Fellow and Director, Keystone Defense Initiative).
Here is a great article from Ms. Heinrichs on the issue of the projected Harris-Walz foreign policy. And yes... it is disastrous.
https://www.hudson.org/foreign-policy/new-champions-disastrous-foreign-policy-rebbecah-heinrichs
With so much possible controversy surrounding the policies they have publicly supported and endorsed, there is no wonder why the Harris-Walz campaign has not published their new, updated, watered-down policy platform. They know they will be called on the numerous flip-flops needed to secure votes and the craziness of the original policies. Of course it is only controversial for non-progressives. The progressive party / movement supports every policy issue noted above... but they know they can't win an election with just the progressive wing of their party!
Most of the people voting for the Harris-Walz ticket today are IDENTITY voting only. They are not progressive but not voting for a policy. They are not voting for a plan. They just like the way Harris and Walz talk, the way they look, and the identity politics they shove down everyone’s throat. They accept the recent shift in tone without question because it is Kamala Harris... possibly the first black woman president of the U.S. And many of their voters are so obsessed with TDS, they will vote for anything as long as it isn't Trump! And what is worse is they believe things about Trump because their party told them to. If the destruction we’ve seen over the past 3-1/2 months doesn’t teach you something, you are not teachable.
I hope the American people can be better than this. I hope they can make an informed decision of what policies we want to guide our nation. 2024 is too important. For the right and many from the middle, it isn't about the person at this point. It is about the policies that will shape the nation of our children and grand children. It is THEIR lives that matter. God help us if you don't understand this.
