Isaiah's latest THE WORLD TODAY JUST NUTS "Miss Sassy Puts Junior On Blast."
In an election year, it’s always the economy. And by way of that, it’s housing. Democratic presidential nominee and vice president Kamala Harris recently shared her housing plan, and Smith is into it. He likened it to Singapore’s housing policy.
And “it gives lower-income first-time homebuyers a government grant to help them buy houses,” he said, through a wealth redistribution system. In 2023, the homeownership rate among Singaporeans was close to 90%.
Some key components of Harris’s plan are: up to $25,000 in downpayment assistance for first-time homebuyers and a $10,000 tax credit for first-time buyers; tax incentives for builders who build starter homes and affordable rentals; a $40 billion fund to build housing; a repurposing of some federal lands for housing; a ban on price-setting tools used by landlords; and, a removal of tax benefits for investors buying a substantial number of single-family homes.
There’s a lot there, but Smith focused on the credits to first-time homebuyers, tax incentives for builders, more money to build, and the repurposing of federal lands. He called the latter three “supply expansion,” and labeled the plan for federal lands, “very Singaporean.”
Supply is something the Biden administration has mentioned in its policy announcements and plans, too, which as Smith points out is the basis of the YIMBY, or yes-in-my-backyard movement: the need for more homes and the ways we can build more homes. Harris is beginning to embrace that, it seems.
“Prices will come down,” Trump said last week. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”
The GOP presidential candidate claimed he’d cut the price of gasoline, cooling bills, and electricity across the economy — “Prices will come down and come down dramatically and come down fast,” he promised.
Justin Wolfers, an economist at the University of Michigan, told CNN that while this is probably exactly what the American wants to hear it is not possible. “Unquestionably, this is what people want to hear. And unquestionably, this is unrealistic,” he said.
He explained that Trump isn’t trying to slow the rate of inflation by increasing prices at a gradual, and possibly realistic pace, which is something that the Federal Reserve has already been successfully executing over the last two years. What Trump seems to be describing is, instead, deflation.
“The way to bring about deflation would be to create a massive recession. That would cause businesses to start cutting prices,” Wolfers said. “This is extremely dangerous and feeds on itself."
First of all, if Americans know that their purchases will be cheaper next month, then they will refrain from buying items today. And the consequent widespread price plunges would cause a negative feedback loop — “It’s very hard to get out of a deflationary spiral,” Wolfers said.
Conversely, Kamala Harris’ economic plan also promises to lower high costs, like fighting price gouging on food, lowering the cost of insulin, and combating the housing shortage. However, the vice president has refrained from promising voters a widespread price drops, which would be unrealistic according to economic experts.
"Iraq snapshot" (THE COMMON ILLS):
The Constitution says the President's job is to "take care that the laws be faithfully executed." Those are the words our founders used: "Take care." Just look at the candidates. Kamala cares about kids, families, and America. Donald only cares about himself. On her first day in court, Kamala said five words that guide her still: "Kamala Harris, for the people." That's something Donald Trump will never understand.
Three women — Amanda Zurawski, Kaitlyn Joshua and Hadley Duvall — spoke about their experiences with abortion, miscarriage and pregnancy on the opening night of Democratic National Convention.
All three speakers have emerged as key surrogates for the Democratic Party, campaigning in support of Vice President Kamala Harris. Zurawski’s husband Josh, who has also campaigned for Harris, spoke alongside her.
Zurawski, who rose to prominence after suing the state of Texas over its abortion ban, was a guest at President Joe Biden’s February 2023 State of the Union address; she also shared her experience in an April ad on behalf of what was then the campaign to re-elect Biden. Joshua, of Louisiana, has been a regular presence at Harris campaign events and appeared in a June ad for the Democratic presidential campaign. Duvall, a Kentucky resident, appeared in a campaign spot for Gov. Andy Beshear last year, and in a July ad backing Biden.
“A second Trump term would rip away even more of our rights: passing a national abortion ban, letting states monitor pregnancies and prosecute doctors, restricting birth control and fertility treatments,” Zurawski said on Monday night. “We cannot let that happen. We need to vote as if lives depend on it — because they do.”
Abortion is a core component of Harris’ election pitch. Other expected speakers this week — including former Planned Parenthood leader Cecile Richards, current leader Alexis McGill Johnson, and Mini Timmaraju of the advocacy group Reproductive Freedom for All — are also likely to use their time to draw a contrast between Democrats, who largely support abortion rights, and Republicans, who generally back bans and restrictions on the procedure.
Abortion has not historically received this much attention at the party’s national gathering. But it reflects the fact that this year the party views abortion — an issue on which they generally poll better with voters than do Republicans — as one that could help them retain the White House, and potentially even win control of Congress.
On Monday, amid speeches from celebrities and some of the biggest names in Democratic politics, four everyday Americans took the stage to speak about how the 2022 overturning of Roe v. Wade — and the slew of state-level abortion restrictions implemented in its aftermath — have impacted their lives.
Perhaps the most gut-wrenching testimony of the night came from Hadley Duvall, a young woman from Kentucky who at age 12 became pregnant and miscarried after being sexually assaulted by her stepfather. Duvall, now 21, shared her story for the first time on Facebook in 2022 following the demise of Roe.
“At age 12 I took my first pregnancy test, and it was positive,” Duvall told the DNC audience. “That was the first time I was ever told ‘you have options.’ I can’t imagine not having a choice but today, that’s the reality for many women and girls across the country because of Trump’s abortion bans.”
“He calls it a beautiful thing,” Duvall said of Trump’s bragging of his role in overturning Roe. “What is so beautiful about a child having to carry her parent’s child?”