The Kamala Harris administration is expected to continue the policies of the Biden administration and perpetuate Bidennomics, which further incorporates Marxist principles.
A major flaw of Bidenomics, and even more so in Kamalnomics, is that it fails to recognize that true wealth creation in the economy requires entrepreneurs. The profit motive drives entrepreneurs to innovate, create new products, and find more efficient ways to satisfy people’s needs and wants, making their lives easier. Government transfers, welfare, low-interest loans, and DEI initiatives cannot achieve this goal. Worst of all, under the White House’s National Industrial Policy, the government is willing to engage entrepreneurship and gamble with taxpayer money.
President Joe Biden is the first U.S. Established by the President Comprehensive National Industrial Policy The document is a move reminiscent of a strategy adopted by China and other communist countries, where central governments set up their own corporations to offer cheap loans and other benefits to favored businesses and groups that fit their country’s economic vision.
Biden’s policies aim to tackle profit-driven problems like climate change and economic inequality. Private companies are run primarily to make a profit, but many still face bankruptcy. Companies with other objectives first are less likely to succeed. But government companies don’t face the same risk of bankruptcy; when taxpayer funds run out, they can simply ask the central government for more money.
In industrial policy,Good union jobHow could Biden know in advance that workers would choose to unionize?
The policy implies advance planning and requirements for unions to receive government funds. Ironically, the policy claims this will help the US compete with China. But to compete with China, where the average factory worker earns $500 a month, we need efficient, less wasteful, profit-driven businesses, not government welfare disguised as factories.
Kamala Harris is $10 Trillion Climate Change Bill Similar to the Green New Deal: Such policies would not only risk bankrupting the country and making it unlivable, but would also severely impede our ability to manufacture goods and compete with China.
Implementing such large-scale, expensive climate change measures would likely put a huge strain on the economy and undermine industrial productivity, which is crucial for remaining competitive with countries such as China, where manufacturing costs are much lower.
Kamala Harris is a student Loan Forgiveness ProgramThis would mean taxpayers footing the college debt for people majoring in fields like DEI (diversity, equity, and inclusion) who are struggling to find employment. Calling this “loan forgiveness” is misleading: the loans are not forgiven by the government, and the money used to repay them comes from taxpayers.
The Supreme Court Biden-Harris Loan Forgiveness The White House Unauthorized Such widespread student loan forgiveness cannot be achieved without a congressional act, and it is no coincidence that Biden has announced a dramatic plan to forgive student loans. Supreme Court ReformOstensibly, this is to secure a ruling that supports Democratic policies.
Kamala Harris was behind pandemic testing $2,000/month Harris also called for the Fed to interview at least one candidate from a diversity of gender, race and ethnicity for the presidential race, rather than simply considering merit. Harris has called for a $15 minimum wage, but will probably now call for an even higher amount given Biden’s inflation.
Under the US Family and Medical Leave Act (FMLA), employees typically must meet certain eligibility criteria, such as working for their employer for at least 12 months and completing at least 1,250 hours of work in the 12 months prior to the start of their leave. However, Kamala Harris supported eliminating the minimum work requirement in the previous year to qualify for family and medical leave.
Kamala Harris is a strong supporter of federal anti-price gouging legislation, which she says is a gross restriction on fair markets, as the government, not retailers, determines the prices and profit margins that products can command. She also Making housing affordableThis can mean either a rent cap or a price cap, determining how much landlords can charge as rent or how much they can sell their homes for.
Unfortunately, Kamala’s socialist policies will be popular with unthinking voters who want free money from the government.
