Kamala Harris is part radical leftist, part economically illiterate. Although, I suppose that is redundant.
Both she and Joe Biden seem to think the role of the government is to open up the taxpayers’s coffers and use the money in giveaways to buy votes. They don’t seem to understand that it’s the overspending that helped to kick off the inflation that has been crushing people. So, they keep proposing things that will only make things worse.
Advertisement
One thing we’ve already seen is her proposal for Communistic price controls. Even the Washington Post called that out as a terrible move that would harm the economy. Her proposal got so savaged, her staff has already tried to walk that back. How many flip-flops would that be now? Who knows what her official positions are at this point?
READ MORE: Kamala’s Biggest Flip-Flop Yet That Has Everyone Talking and Proves Trump Right
WaPo Busts Kamala in Glorious Op-Ed Linking ‘Communist’ and Her Proposed ‘Price Controls’
But on Wednesday, she did repeat one of her crazy proposals about giving new homeowners $25,000 for their first home, a blatant effort to buy votes, using taxpayer dollars.
Even if aspiring homeowners save for years, it is often still not enough. My administration will provide first-time homebuyers with $25,000 to help with the down payment on a new home.
It’s not enough because Biden and Harris have driven the price of everything up with inflation and interest rates, so people can’t afford it.
Advertisement
Home prices hit a new record in June amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans.
Prices increased 5.4% nationally in June when compared with the previous year, theS&P CoreLogic Case-Shiller indexshowed on Tuesday, down from the5.9% pace recorded the previous month.
On a monthly basis, prices climbed 0.2%, according to the index.
“The upward pressure on home prices is making this the most unaffordable housing market in history,” said Lisa Sturtevant, Bright MLS chief economist. “First-time and moderate-income home buyers, in particular, increasingly are being left out of the housing market.”
Pouring money into it would only drive the prices up more for everyone, drive inflation up, and increase the vicious cycle. It of course is again unfair to those who saved enough and already bought their homes. It’s economic illiteracy and shows she’s ignorant and/or wants disaster. It’s more from her basket of socialism.
Then what happens when you subsidize the down payment, and the people can’t afford to pay the mortgage in the future? They lose their home–and you have another mortgage crisis.
X CEO Elon Musk got that this would just drive prices up:
Advertisement
Others asked, why not fix what she helped to break, rather than stealing more taxpayer dollars? But she’s not doing anything that would fix the situation now:
Former President Donald Trump made his reply very simple and savage. He posted a Fox graphic of how much home prices have gone up under Biden and Harris’ team:
The debate is going to be so lit.