Tag: economy

Real estate investor explains why Kamala Harris is the candidate who ‘does not understand housing’

One of the most outspoken real estate investors in America is aiming to set the record straight on what the real estate industry might look like under a future Harris-Walz administration.

“Kamala Harris is either financially illiterate, incompetent, or she believes that her voters are. Her plans come up every week as something new,” real estate investor, private equity fund manager and 10X co-founder Grant Cardone said Wednesday on “Mornings with Maria.”

“Kamala does not understand housing,” he continued, “and I can tell you why.”

Vice President Harris has rolled out a list of actions she would take to tackle the affordable housing crisis in the U.S. if she wins the presidency, including the expansion of President Biden’s proposal earlier this year to provide $25,000 in down payment assistance to first-time homebuyers.

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Kamala Harris is stumped by question about crucial part of her economic policy during MSNBC interview

Vice President Kamala Harris gave a long pause during her interview on MSNBC when she faced a question over how she would pay for her economic plans. 

The moment came early in the interview where Harris batted away slow-pitch questions such as ‘can we trust you?’

Interviewer Stephanie Ruhle asked Harris, who was giving her first network TV interview since securing her party’s nomination, how she would pay for her economic plans. 

‘If you can’t raise corporate taxes or if GOP takes control of the Senate, where do you get the money to do that,’ her interviewer asked, after Harris outlined some of her plans like a $6,000 credit for young couples or subsidies for new small business ventures.

Republicans stand a decent chance of taking the chamber from the narrow Democratic majority, with a Montana Democratic-held seat growing increasingly vulnerable.  

‘But we’re going to have to raise corporate taxes,’ Harris told her after a pause.

‘And we’re going to have to raise – we’re going to have to make sure that the biggest corporations and billionaires pay their fair share. That’s just it,’ Harris said.

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The Kamala Harris Plan To Create More Housing Shortages

If you want more shortages, then artificially stimulate demand. That’s exactly what Harris proposes, following the lead of AOC.

The Kamala Harris Plan

The National Low Income Housing Coalition discusses the Harris Campaign Plans to Lower Housing Costs.

To address the housing shortage and bring down prices for renters and homeowners alike, the Harris campaign’s plan calls for a historic expansion of the Low-Income Housing Tax Credit (LIHTC) and the first-ever tax incentive for homebuilders who build starter homes sold to first-time homebuyers. Building upon the Biden-Harris administration’s proposed $20 billion innovation fund, the campaign proposes a $40 billion fund that would support local innovations in housing supply solutions, catalyze innovative methods of construction financing, and empower developers and homebuilders to design and build affordable homes.

The campaign plan cites the Biden-Harris administration’s ongoing actions to support the lowest-income renters, including its actions to expand rental assistance for veterans and other low-income renters, increase housing supply for people experiencing homelessness, enforce fair housing laws, and hold corporate landlords accountable.

To make homeownership attainable, Vice President Harris’s proposal would provide up to $25,000 in down payment assistance for first-time homebuyers who have paid their rent on time for two years. First-generation homeowners – those whose parents did not own homes – would receive more generous assistance.

China’s top economist disappears after criticizing Xi Jinping

China’s top economist, Zhu Hengpeng, criticized Chinese President Xi Jinping in a private chat. At first, he was detained and removed from office, and then he disappeared, according to The Wall Street Journal.

Sources report that in the spring of 2024, Zhu Hengpeng made several “impolitic remarks” about China’s weakening economy and indirectly criticized Xi Jinping in a closed chat on the Chinese messaging app WeChat.

As a result, a case was opened against Hengpeng, leading to his detention and dismissal from the Institute of Economics at the Chinese Academy of Social Sciences, where he had worked for 20 years, including the last 10 as deputy director.

Additionally, references to him were removed from the online staff list of one of Tsinghua University’s centers.

It is unknown where the economist is now and what happened to him. His name has also disappeared from the CASS staff lists, and he has not responded to emails from the Wall Street Journal and The Guardian. No one answered the door at his apartment in Beijing. The Chinese agency handling media inquiries has not responded to requests for comment.

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Kamala Spokesman Refuses To Answer question “Are Americans Better Off Now Than Four Years Ago?”

A spokesman for the Kamala Harris campaign repeatedly refused to answer the simple question “are Americans better off than four years ago?”

It is the same question Harris couldn’t provide a coherent response to during the debate.

During a CNN interview, Ian Sams was persistently asked to provide an answer, and skirted around the question the entire time.

Host Pamela Brown noted “the bottom line here, when you look at a metric like grocery prices, they’re up still 20 percent compared to four years ago.”

She continued, “And Harris was asked recently on the debate stage whether she thinks Americans are better off now than four years ago, and she didn’t directly answer that question. So I will ask you, does she think Americans are better off now or not?”

Sams immediately attempted to pivot the topic to blaming “the mess that we inherited when President Trump left office” and Trump’s “total mismanagement of COVID” for the poor state the economy is in.

He then went straight to the one talking point Harris’ people all go to, the idea that she will “take on corporate price gouging.”

“I’m just going to follow up on the question again,” Brown interjected, prompting Sams to state “she’s going to keep talking about her plans to bring down those grocery costs, while Donald Trump is going to explode them.”

The point is she isn’t providing ANY substance.

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Deranged Leftists Want Trump ARRESTED For Helping People Pay For Groceries

Donald Trump helped some moms pay for their groceries and deranged leftists are big mad about it, claiming he was bribing people to vote for him.

As we highlighted earlier, Trump visited a grocery store in Pennsylvania and started handing out $100 bills to shoppers.

He told them that he’d effectively do the same when in the White House again with his economic policy of keeping taxes low, reducing business regulations and stimulating domestic energy production  to lower costs.

Meanwhile Kamala Harris and the Democrats can’t even describe any details of her plan to lower inflation.

A surrogate for Kamala made an absolute fool of herself on live TV.

But worse still, TDS suffering haters couldn’t handle footage of the bad orange man helping everyday Americans out.

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Brutal: Kamala Strategist Can’t Describe ANY Aspects Of Her Economic Policy, Accuses Host Of Being ‘Disrespectful’ To Women

In a brutal minute and a half of TV, a Kamala Harris surrogate was unable to describe any details of the Democratic nominee’s economic policy, and completely melted down, resorting to accusing the female Fox News host of being disrespectful to women.

In a perfect encapsulation of Harris’ campaign being devoid of any substance, Democrat strategist Kelly Hyman completely embarrassed herself, admitting that she isn’t “privy” to any information on Harris’ plan.

Host Sandra Smith asked Hyman to give viewers some details of what Harris’s economic plan entails, leading the surrogate to regurgitate something about a plan to tackle price gouging, claiming it will prevent “big corporations” from exploiting everyday Americans.

Because this is about as concrete as a popular gelatin pudding brand, Smith responded by asking her whether so called price gouging is even happening.

Hyman initially said “no, not at the moment,” but then admitted she actually has no idea at all.

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The Great Job Replacement: How Corporations Are Replacing American Workers With “Temporary Protected Status” Migrants Across Ohio & Pennsylvania

Another burgeoning crisis involving the importation of Haitian migrants is bubbling over, this time not in Ohio – but Pennsylvania too.

Recently at one of his rallies, former President Donald Trump spoke of Charleroi, Pennsylvania, detailing that the 4,000 person town has experienced a 2,000% surge in the Haitian migrant population under Kamala Harris.

Charleroi councilman, Larry Celaschi explained the worsening situation.

Councilman Celaschi says that Charleroi is getting no money or funding from having such a large number of Haitian migrants dumped in their town.

Celaschi describes that Charleroi is already unable to make ends meet with their budget and is now somehow expected to find extra revenue to bear the strain of an influx of Haitians on their town’s infrastructure.

Celaschi also explains that there has been a huge spike in car crashes and that the town needs new traffic signage in English and Creole so migrants can understand what to do when operating a vehicle on the roadways.

Over the past five years, 1.4 million native-born U.S. workers have lost their job. In that same span of time, 3 million foreign-born workers gained employment.

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Top Trump Economist: Harris Stole Yet Another Trump Economic Policy

Kevin Hassett, a former senior adviser to former President Donald Trump and chairman of the Council of Economic Advisers, said this week that Vice President Kamala Harris stole another proposed economic policy from the Republican presidential nominee.

Hassett said during an interview on PBS’ “Firing Line” with Margaret Hoover that Harris’ proposed $50,000 small business tax credit was actually something that she was against when Trump was in office and he proposed increasing the tax credit.

“So that policy, the small business deduction, it’s $5,000 in the law now,” he said. “And in 2018, President Trump and the Republicans wanted to expand the deduction to $20,000. It actually passed the House with very little Democratic support. And so, you know, Republicans are on the record as saying that there should be a bigger deduction for the start of a small business. And so this is an example of her reaching into Donald Trump’s playbook and taking one of his policies.”

“Expanding the deduction for startup business is a good idea. And it’s something that Republicans tried to do in 2018, but the Democrats were opposed to it,” he continued. “And so, it’s something that she was opposed to before she was for it. And so you could say, well, is she really for it now? Or, you know, could she explain why she changed her mind?”

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The Big Collapse Awaits

In the 1970s when I served in the congressional staff and in the 1980s when I served in the executive branch, there was still some intelligence in the US government, with the exception of the Federal Reserve, where there has never been any intelligence.

Today there is no sign of intelligence anywhere in the US government. That fact is documented every day on my website.

As I recently reported, about 900,000 new jobs that had been claimed over the preceding year have just disappeared in a revision. A further downward revision could follow.

These non-existent jobs were the Federal Reserve’s evidence for a hot inflation-prone economy justifying high interest rates. All the time the Fed was preaching inflation, the Fed was contracting the money supply, a contraction that has been underway for 2.5 years. This in itself is proof that the “inflation” was really higher prices caused by the shortages the senseless Covid lockdowns caused. In other words, the higher prices were due to mandated shortages, not to inflation. A central bank too stupid to recognize this is too stupid to justify its existence.

Whenever the Fed contracts the money supply recession follows. If the contraction is too large and lasts too long, as it was following the 1929 stock market crash, the result is a decade of depression and high unemployment.

A contraction in the money supply means that the same level of economic activity and employment cannot be maintained at the same level of prices. Either economic activity and employment fall or prices fall. Historically, it has been economic activity and employment that fall first, and prices follow. Generally, that means profits fall.

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