LIVE: Kamala Harris Gives Economics Speech, Probably Won't Even Whine About Rigged Debates
LIVE: Kamala Harris Gives Economics Speech, Probably Won't Even Whine About Rigged Debates
How is this even an 'economics' speech?
Today Kamala Harris is in Pittsburgh, Pennsylvania, giving an economics speech. ABC News reports that her emphasis will be on being economically “pragmatic,” drawing a contrast between her plans for the middle class and Trump’s plans for the gilded toilet set.
The vice president will also argue that her economic philosophy is "rooted in her middle-class upbringing" and contrast that with Trump's "gilded path to wealth," as part of a larger values argument, the senior official said.
"For Donald Trump, our economy works best if it works for those who own the big skyscrapers. Not those who build them. Not those who wire them. Not those who mop the floors," Harris is prepared to say Wednesday.
This sounds very different from Donald Trump’s economics speech yesterday, where he humped the air looking for his favorite chart, the one he loves so much, “I LOVE THAT CHART! I SLEEP WITH THAT CHART! EVERY NIGHT I KISS IT!” You know, the chart he stopped to look at in Pennsylvania, and then “BING!” it saved his life.
Also he slurped at Vladimir Putin’s and other dictators’ grundles and bitched that the debate was rigged, and also that he won the debate.
You know, economics stuff.
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I think it would be a good move to explain what tariffs are and why the INDISCRIMINATE use of them is economic lunacy. A tariff is a kind of tax intended to protect domestic industry from foreign competition. First, to be fair, It may be an exaggeration to say that the consumer pays the entire amount of the tariff. Logically, the price of the tariffed product (say, foreign steel) faces price competition at several points: importation, wholesale/manufacture, and retail. In other words, businesses at several levels may end up eating some of the cost increase for the privilege of getting the sale over some other business at the same level. Still, the entire process would logically result in higher prices for the consumer. It certainly would not reduce them. So if you're going to impose tariffs, you should be VERY careful with the amounts and the precise industry/product to be affected. The overall effect would tend to be inflationary and could even lead to a "trade war" (which is crazy). It's also crazy to replace the progressive income tax with a regressive "tax" like tariffs. Of course, "regressive tax" is a phrase that makes GOP eyes light up with the intensity of a thousand suns.
Ta, Evan. Darling husband Meccalopolis and I just finished dinner. He baked squash from our garden (how I love that!) stuffed with mushrooms from our mountain, savory herbs, and homemade veggie stock. We had leftover pasta carbonara to accompany it. All the recipes and descriptions I read said not to reheat carbonara, but that's just not true of the vegan version. It was marvelous.