Friday, October 25, 2024

Kamalanomics?

 

https://www.terrellaftermath.com/

Harris Misleadingly Cites Some Economic Analyses of Her Policies and Trump's - FactCheck.org   "In recent remarks, Vice President Kamala Harris has cited several economic analyses, claiming they found her plan would “strengthen the economy” and former President Donald Trump’s plan would “weaken it.” But that’s not exactly what some of those reports said.

"In a Sept. 19 campaign event with former talk show host Oprah Winfrey, Harris criticized Trump’s economic plans, saying that he wanted to give “another tax break for billionaires and the biggest corporations that would add $5 trillion to our deficit” and that he had proposed “what I call a Trump sales tax, which is basically he’s going to put a 20% tax on everyday necessities, that economists have estimated will cost the average American $4,000 more a year, which is why Goldman Sachs, which is why Moody’s, which is why Wharton School of Business, which is why 16 Nobel laureates have collectively determined after analyzing our plans, one, mine would strengthen the economy, his would weaken it. Two, that on his plan, he would actually blow up inflation and invite a recession by the middle of next year.”

"We’ve written before about Harris’ characterization of Trump’s plans. The $5 trillion figure is the estimated 10-year cost of extending all the tax cuts in the Tax Cuts and Jobs Act, which Trump signed in December 2017, but those tax changes benefited people of all income groups — not only billionaires and big corporations. Harris’ reference to “a Trump sales tax” costing average Americans $4,000 a year is a high-end estimate from a liberal think tank about Trump’s plan for “universal baseline tariffs” on imports." . . .

Kamala Harris ignores food inflation question at townhall, burbles into word salad about 'gouging' and Trump   . . ."Food inflation has risen 21.3% since the day Joe Biden and Kamala Harris took office, and with no corresponding rise in wages. But many items sold at groceries are even higher, with some estimates showing food prices higher in the 30% range.

"Voter after voter has said he or she would like some kind of credible answer to the question of what Kamala Harris would actually do to bring down food costs.

"At a townhall meeting with CNN's Anderson Cooper hosting, they didn't get it." . . .

 . . ."Yet Harris has no answer to that, either, because she has no answer to inflation. She offers up a smorgasbord of little subsidies and remedies to this or that special interest group in her canned and repetitive answers, all of which would make inflation worse, but she has no insight about where inflation comes from, or the horrors of food inflation that hits voters every time they try to get a bite to eat.

"She fails to give answers not only because she doesn't know where inflation comes from, but because she wouldn't like the answer she would have to give if she did, which is to cut government spending. So she'll just keep trying to change the topic and expect every voter to vote for her anyway.

"That would explain why Harris isn't about to change her propensity to ignore voters and give them actual answers."

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