Tag: 2024 elections

Kamala Harris’s updated truly lousy jobs report and stock market hysteria, today

Really, we just need to alert readers to this “development” (not really) yesterday and overnight, from Bloomberg:

Fed Confronts Up to a Million US Jobs Vanishing in Revision

US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates. 

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.

So that’s Bloomberg this morning. We’d like to know which “economists” are downplaying the Biden-Harris feints from labor on what our jobs are doing, and where they are going.

We already know that any “gains” in jobs, for years now, has been because of part-time hires, federal hires, and illegal migrant hires. The Labor Department is not forthcoming on these realities, either.

The Business Times offers this analysis vis-à-vis implications for any change in interest rates precipitated by a more honest picture:

US JOB growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.

Goldman Sachs Group and Wells Fargo economists expect the government’s preliminary benchmark revisions on Wednesday (Aug 21) to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated – about 50,000 a month.

While JPMorgan Chase forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.

Have our federal information minders dropped the ball, or has Kamala forgotten to take care of her fraudulent economic/finance picture? Here’s more:

‘A large negative revision would indicate that the strength of hiring was already fading before this past April,’ Wells Fargo economists Sarah House and Aubrey Woessner said in a note last week. That would make ‘risks to the full employment side of the Fed’s dual mandate more salient amid widespread softening in other labor market data.’

However, Kamala may not need to overly worry, as we won’t have anything close to the truth until after the election:

The government’s preliminary benchmark projection will be followed by final revisions that are incorporated into the January employment report to be released in February.

That’s February 2025, folks. If Trump is in by then, he’ll be fixing it. If Kamala’s the man, she won’t notice it anyway.

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Kamala Harris is coming for your house

If you thought Kamala Harris’s price controls scheme was straight out of the Book of Nicolás Maduro, wait till you see what she has in stores with her proposal for a 25% tax on unrealized capital gains.

According to Americans for Tax Reform:

The Harris-endorsed budget calls for an annual 25 percent minimum tax on the unrealized gains of individuals with income and assets that exceeding $100 million. Once in place, it won’t be long before the threshold is lowered to hit more and more Americans.

Americans overwhelmingly oppose taxes on unrealized gains, by a factor of three to one, including 76% of independents. Americans know that a “gain” isn’t “real” until it is actually realized, in hand.

What that means is that if you bought a house for $60,000 in the 1970s, and saw its value go up to $1,000,000 on Zillow last year (which isn’t uncommon in places like California), you’d be on the hook for taxes on a million-dollar property, which would be more than you actually paid for the house, even though it’s the same ordinary house you bought in a middle-class neighborhood back in the ’70s and you haven’t changed residences.

The same could be said of any homeowner, you’d buy a house for $300,000, but as its value rises to $1.2 million, your tax bill would clock in for a $1.2 million property, and not the $300,000 tract home you bought a few years earlier. If the market value went down by the time you sold, to say, $250,000, you will have spent tens or hundreds of thousands of dollars on taxes while actually earning just $250,000 on your investment.

The same could be said of stocks, or crypto, or any asset, it’s not just homes. You’ll pay the huge taxes, but if the price goes down, as it inevitably will on some assets, you’ll have gotten nothing but the huge tax bill already paid.

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DNC Maggots: FBI Investigates the Gross Breakfast Discovery

The FBI is investigating a potential sabotage at the Democratic National Convention in Chicago after maggots were allegedly slipped into the hotel breakfast being served to delegates.

Law enforcement agencies suggest activists likely brought the maggots into the hotel to make a statement, while city officials released a statement addressing the delegate breakfast dilemma.

“Multiple unknown female offenders are alleged to have entered a building (200 block of North Columbus Drive) and began placing unknown objects onto tables containing food. The offenders are believed to have then left the area. One victim was treated and released on-scene. Along with CPD, FBI-Chicago is assisting in the investigation. No further information is available at this time.”

It’s unclear if the contamination was found before any delegates ate the food.

Delegates expressed concern over the maggot incident while Chicago police officers and Illinois state troopers gathered in the lobby of the Fairmont Hotel near the meeting rooms.

“They protected us, of course, and turned it around in minutes,” said Indiana delegate Tracy Boyd, who is at the convention representing the Indianapolis region. She said her group was notified that breakfast service would be briefly delayed due to the incident.

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PAY ATTENTION: Democrats Just Revealed How They Will Steal the 2024 Election — In Three Easy Steps

Pay Attention.

In 2020 President Trump won more votes than any sitting president in US history.

Trump increased his vote totals by 12 million votes in 2020 over his first presidential victory in 2016.

Trump won 16 of 17 bellwether counties and allegedly lost the election. Something that had never happened in 36 years.

Trump won the bellwether states, Ohio, Florida, and Iowa handily, something EVERY winning candidate has accomplished since 1960.

Biden won the fewest number of counties in the 2020 election by any alleged “winner” in history – winning only 16% of all US counties.

In this same election, President Trump improved in EVERY category.

  • President Trump won more Hispanic votes.
  • President Trump won more female votes.
  • Trump won more black votes.
  • President Trump won more gay votes.
  • President Trump won more immigrant votes.

But somehow, Democrat Joe Biden, who did not campaign, hid in his basement, and could barely string together two coherent sentences, supposedly won 81 million votes!?!

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Harris Releases Economic Plans

Vice President Kamala Harris described her economic agenda Friday in a North Carolina campaign speech. Harris’s proposals were widely described as “populist,” and also drew criticism from across the political spectrum.

Mirroring a policy championed by conservatives and pro-natalists such as Senator J.D. Vance (R-OH), Harris also announced support for a child tax credit of $6,000 for newborns, and otherwise raising the tax credit for families to $3,000, where it was temporarily during Covid, from $2,000.

In another populist policy duplicating a proposal from the Trump campaign, Harris advocated ending taxes on tips for service and hospitality workers. 

On housing, Harris intends for the government to create a $40 billion fund for boosting construction, and for the construction of 3 million new housing units over the next four years. Harris also intends to provide $25,000 of assistance to first-generation homebuyers and tax-credits for first-time homebuyers.

One of the most controversial parts of Harris’s economic proposals came when she announced that, if elected president, she intends to use the Federal Trade Commission to impose “harsh penalties” on companies that are engaging in price gouging. Many have interpreted this as a call for price controls, a task possibly beyond the legal powers of the FTC

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RFK Jr. Blocked from Testifying at Court Hearing on Pennsylvania Ballot Eligibility

Robert F. Kennedy Jr. was effectively silenced by Democrat operatives during a crucial court hearing in Pennsylvania—a state that’s a must-win for anyone eyeing the presidency.

The Democrats’ latest stunt? Preventing Kennedy from testifying on his own behalf as they attempt to bar him from the ballot, claiming that his candidacy paperwork includes a bogus home address.

The allegation, which reeks of desperation, is part of a broader smear campaign aimed at keeping RFK Jr. out of the running.

Kennedy’s lawyer expressed outrage over the judge’s decision to proceed without allowing Kennedy to testify after his flight was canceled.

“This is the first that I’m hearing about this,” Commonwealth Court Judge Lori Dumas said, showing little concern for the unforeseen travel issues that led to Kennedy’s late arrival.

The hearing was scheduled to be in Philadelphia, but the last-minute change to Harrisburg severely limited Kennedy’s travel options—a fact the judge seemed all too eager to ignore.

“He was late through no fault of his own,” said RFK Jr.’s attorney, Paul Rossi. “We don’t control the airlines, and when the airline cancels the flight into Harrisburg, as you know, flights into Harrisburg are far and few between, unlike Philadelphia, where this, where this hearing was originally to be scheduled.”

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At DNC, Bernie Sanders Says Rich Donors Shouldn’t be Allowed to Buy Primary Elections – Yet That’s What Democrats Just Did!

Bernie Sanders spoke at the Democrat National Convention tonight and decried big money in politics, even going so far as to say that rich donors should not be allowed to buy primary elections.

That’s funny, considering that is exactly what just happened. After Biden’s disastrous debate performance, rich, Hollywood, Democrat donor George Clooney wrote an op-ed for the New York Times in July, calling on other big donors to withhold cash from the Democrat party unless and until they replaced Joe Biden with someone else.

In the days that followed, almost all of the big Democrat donors basically starved Joe Biden out of the race. These donors caused the party to cast aside the 14 million primary votes that had gone to Joe Biden over many months and installed Kamala Harris as the nominee.

And yet, Bernie Sanders can stand in front of the crowd at the DNC and say this with a straight face. 

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Pittsburgh diners fume over ‘staged’ Harris campaign stop as popular restaurant cleared: ‘Mind-boggling’

Patrons at a Pittsburgh culinary landmark were outraged Monday after they claimed they were forced to leave the premises before Vice President Kamala Harris and Minnesota Gov. Tim Walz arrived for a weekend campaign stop.

Several people who had been enjoying food, drinks and the Pittsburgh Pirates game on TV at Primanti Bros. in Moon, Pennsylvania, on Sunday said they were all forced out of the restaurant promptly at 4 p.m.

Mark Dodson of Collier, who said he was just in the area to enjoy “the Bucs” – as the Pirates are nicknamed – simply wanted a quiet day.

“I wanted to watch some sports and enjoy an afternoon lunch,” said Dodson, as Primanti is known for its signature Pittsburgh-style sandwiches piled high with sliced meats and french fries – a Steel City custom.

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Humiliating Mistakes Quickly Spotted as Democrats Release 2024 Platform: ‘They’re Accidentally Telling the Truth’

Vice President Kamala Harris is a cut-and-paste nominee. If you’ve ever questioned it, you needn’t do so any longer.

The Democrats confirmed it through several humiliating mistakes found in their 2024 platform for the Democratic National Convention.

In short: Simply expect more of the same. The familiarly odious platform will be voted on this week during the Democratic convention.

At least five references in the platform identified President Joe Biden as the Democratic party’s 2024 presidential candidate in the document. The lack of astute editing became the tell-all component of the forced switch from Biden to Harris. Harris was obviously inserted when Biden gave in to his hastily orchestrated exit.

Senior editor of The Federalist, John Daniel Davidson, shed light on the truth shared accidentally in a comment on social media platform X, when he re-posted some choice screen shots from reporter Greg Price.

“They’re accidentally telling the truth here,” he posted to X. “A Harris administration would simply be a second Biden term, which in fact would be rule by the deep state/administrative bureaucracy that has been running the country since Biden took office as an empty figurehead.”

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SOCIALISM 101: Kamala Harris Confirms Plan For Massive Tax Hikes, Will Roll Back Trump’s Signature Legislation

Kamala Harris is planning massive tax hikes for corporate America that will inevitably impact the lives of ordinary Americans, her campaign has confirmed.

In a statement provided to NBC News, campaign spokesman James Singer, confirmed she would push for a 28 percent corporate tax rate, calling it “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”

“As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” said Singer.

While supporters of corporate tax rises will claim that they will not impact ordinary Americans, they will contribute to the continued decline of the American economy, with some companies inevitably moving their operations abroad.

Such a move would also lead to the continued squeezing of small business, higher inflation and consumer prices and less economic opportunity for all.

It would, however, temporarily increase the tax revenue toward the federal government, with which Harris and the Democratic Party will continue to grow the already unsustainable national debt.

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