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Friday, November 22, 2024
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HomeHappening Now1,307 Days - by Quoth the Raven

1,307 Days – by Quoth the Raven

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One thousand three hundred and seven. That's how many days Kamala Harris has been vice president of the United States, effective this Monday.

Now let's do a thought experiment. Set aside the fact that Harris was arbitrarily designated as the Democratic nominee without ever receiving a delegate or winning a primary.

And leave aside the fact that, after usurping power in a party coup, she has continued as a candidate for nearly a month without giving an unscripted press conference or answering questions.

Let's face the fact that this candidate, who has been an integral part of the welfare of the nation state for the better part of four years, is not only completely blind to the damage done by the policies of her current administration rather he is calling them out publicly. And then, as if that wasn't bad enough, he proposes political solutions that will fix the problems created by his policies worse.

Last week, pausing to read the same thing from a teleprompter every day, someone on Harris's strategy team thought it would be a good idea to start trashing the nation's economy for the last three years.

The problems are well known: the country has suffered from ridiculous inflation and prices are through the roof, putting a burden on many lower- and middle-class families.

“We all know that prices went up during the pandemic when supply chains were shut down and failed, but our supply chains have now improved and prices are still too high,” he said on Friday. “A loaf of bread costs 50% more today than before the pandemic. Minced meat has increased by almost 50%.

But the alarm comes from inside the house.

“Under the Biden-Harris administration, grocery prices have soared 21%, part of a surge in inflation that has increased overall costs by about 19% and hurt many Americans in the economy, even as unemployment fell to record lows.Wages have also risen sharply since the pandemic.However, surveys find that North- Americans continue to struggle with higher costs,” ABC he wrote last week

The same report makes it clear that grocery prices are now only rising in line with pre-pandemic exchange rates: “Grocery prices are still very high compared to four years ago, but rose by only 1.1% in July compared to a year earlier, according to the latest inflation report. This is in line with pre-pandemic increases.”

In other words, the boogeyman of rising prices doesn't seem to exist.

The amazing thing is that Kamala Harris is campaigning to be able to fix these problems when her administration oversaw them to begin with. I mean, I knew that much of the base of the Democratic Party was essentially the voting equivalent of trained circus seals and that they will vote for any candidate the state shoves down their throats as a solution to racism and climate change anyway, but this is much more blatant.

When CNN runs headlines like this and you're a Democrat, you to know your politics must be really awful:

Same with The Washington Post which publishes opinion columns like this one:

Consider the hubris required to run on a platform of fixing the policies of the last administration when it's you the last administration.

Now, let's take this destructive idiocy and square it: the proposed “solutions” that Harris posits are all extraordinarily inflationary. Harris has proposed medical debt cancellation, a $6,000 child tax credit for families with one baby, $25,000 in down payment assistance for 400,000 first-generation homebuyers and a $10,000 tax credit dollars for first-time home buyers.

In other words: “Hubba, hubba, hubba, money, money, money. Who do you trust?”

In the world of unicorns and rainbows, this all sounds great. But here actually, where the people to know Actions always have consequences, the country just doesn't have the money to pay for this shit. This means that the money for these proposals will have to be printed, and as most of us know, expanding the money supply is the literal definition of inflation.

Leaving aside the moral hazard that such policies would create, meaning that giving everyone a $25,000 loan to buy a house guarantees that the price of the house will increase by $25,000 per house because the seller now knows you're 25,000 richer dollars, the result will be more inflation.

And at the same time Harris is proposing to slam the inflation accelerator into the ground, he's turning around and blaming the problem the government is creating, inflation, on grocery stores and “price gouging.”

As a result, he has proposed food price controls, a policy you're more likely to see in North Korea or communist Russia than in Los Angeles and New York. Price controls do nothing to solve the problem: they would only lead to food shortages, black markets, and grocers so burdened by regulation that they would be forced out of business if they can't raise their prices.

Even a Mensa candidate like Harris should understand that grocery stores have some of the lowest margins of any business. The prices of items have gone up because the cost of producing those items has gone up. Just because Harris doesn't like the end result of lower inflation and higher prices doesn't make the idea of ​​micromanaging a state-planned economy any more of a solution than it has been all the times it's failed throughout history.

Harris has called his plan an “economic opportunity plan,” but the only thing that creates opportunity, lowers prices, and gives consumers more choice and a better bargain is free-market capitalism. Subsidize houses with taxpayers' money, make the problem the welfare state has created by incentivizing children worse, use taxpayers' money and purchasing power to socialize other people's fiscal irresponsibility and try to exercise government control over the cost of rice and beans is the opposite of having a vibrant free market economy that provides opportunities for people.

Instead, it is literally throwing a wet blanket of communism over what is left of our country's economy and implementing possibly the worst possible “solutions” to fix the inflation problem facing the country. If these far-fetched ideas take hold, the country will experience significantly higher inflation than it has experienced over the past three years. The result would make the stagnation we now face a pillar for many years to come and also discourage the rest of the world from holding US dollars and Treasuries.

And there you have it: the party that constantly scares and scares its base into thinking that not voting for them will lead to authoritarian fascism is pushing an unelected candidate, selected by a handful of the country's elites, willingly to introduce an openly communist. agenda that is almost guaranteed to destroy the fabric of our country.

You can't make this shit up.

QTR Disclaimer: Please read my full disclaimer on my About page here. This post represents my opinions only. Also, please understand that I'm an idiot and I often get things wrong and lose money. I may own or transact with any name mentioned in this piece at any time without notice. Contributor posts and aggregated posts have been hand-selected by me, have not been verified, and are the opinions of their authors. Their author sends them to QTR, reprinted under a Creative Commons license with my best effort to maintain what the license calls for, or with the author's permission. This is not a recommendation to buy or sell any stock or security, just my opinions. I often lose money in the positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time without further notice. None of this is a solicitation to buy or sell securities. I may or may not have the names I'm writing and that I'm seeing. Sometimes I'm optimistic without having things, sometimes I'm bearish and make my own things. Just assume that my positions might be the exact opposite of what you think they are just in case. All positions are subject to change immediately as soon as I post, with or without notice and I can be long, short or neutral on any position at any time. You are on your own. Don't make decisions based on my blog. I exist on the sidelines. The publisher does not guarantee the accuracy or completeness of the information provided on this page. These are not the opinions of any of my employers, partners or associates. I did my best to be honest about my revelations, but I can't guarantee that I was right; Sometimes I write these posts after a couple of beers. I edit after I post my posts because I'm impatient and lazy, so if you see a typo, check back in half an hour. Also, I am very directly wrong. I mention it twice because it is so important.

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