Economic choice in election is stark: bigger opportunity or a bigger state

Kamala Harris believes s🧔he knows the choice before the public in November.

It is between going “forwaಌrdꦕs” and going “backwards.”

Since the Democratic no🅘minee is wise about the nature of time, she insists that this Nove🐽mber, America should choose to go forward.

In fact, it would be good if thiꦿs country could g꧙o back.

To the economy we had before Kamala Harris and Joe Biden entered office

Because the most🐟 consꦚequential choice there is in this election is between left-wing economics and right-wing economics.

Between the economics of 🦩Biden-Harris and the economics of Donald Trump.

In some areas of life, the lꦡeft-right divide is blurry.

But in economics, the difference is clear.

It is between those ꦫwho would grow the size of the economy and those who would grow the size of the state.

When it coꦯmes to election season, some people will say anything they like just to be elected.

People promise things.

But they can’t be tested on them.

At least not until they have taken office.

That is one of the thin🎀gs that makes this election season so much better than most.

Because the American public have two choices in front of them — each of whom has a very clear track record.

For once, we can judge the candidates not on their woಌrds but on the🌟ir deeds.

Unfortunately, this is not good news for K▨amala Har💯ris.

Today the vice president is try✱ing to add some meat onto the bones (such as they are) of her economic plans.

These are reported to include efforts to make housing more affordable, l♏ower the costs of living for families, boost small businesses and take on “corporate excess.”

The last o🦄f these is simply a left-wing pandering point.

Anyone hoping to stir up the left-wing base can always paint big, bad capitali🅰sts and their excessive salaries as the problem.

As though anything you did to tinker with top Wꦏall Street salaries would do a 𓆏thing for working-class Americans.

But on her other proposals, we don’t need to judge how well Ha𝔉rris and Trump could d꧅o.

We can judge them on what they already did do.

During Trump’s four years in 💖office, rank-and-file American workers had their highest wage growth in over 10 years.

Indeed, the pace of their💮 wage growth outpaced that of their supervisors.

The Democrats like to pretend that🌟 Trump’s tax cuts only b൩enefited the rich.

⛦🍒But again, that is not just playing the politics of pointless envy.

It is simply untrue.

The Tax Cuts and Jo🦩bs Act (2017) didn’t just massively spur economic growth, it also saw the average taxpayer receive an on-average tax cut of around $1,500.

Hourly and weekl🏅y earnings increased by 1.1% between November𒊎 2018 and November 2019 alone.

Again — these benefits helped everyone.

Kamala Harris may enjoy talking about minority communities and how much the state needs to help 👍them.

But when Trumpᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ was in the White House🧸, he helped African Americans and others to help themselves.

Du🤪ring the first three years of Trump’s presidency, median household incomeꦓs rose by 15.4% for black Americans and 11.5% for white Americans.

Barack Obama may have talked a great game, but jus✱t compare even his results with Trump’s.

Between 2009 and 2015, Obama oversaw an economy in which in six years, median household i𝓀ncomes increased only 2🌸.3% for black Americans and 4.4% for white Americans.

And what about Biden-Harris?

Well, betw🦋een June 2021 and June 2022 alone, real average hourly earnings fell by a whopping 3.6%.

That’s the Biden-Harris economy for you.

𒈔While the Democrats talk of equity and racial justice, Trump actually oversaw an economy in which 400,000 new black Americans workers entered the US economy every year.

That is compared to an aver💧age of just 250,000 in each year of the Obama presidency.

The m﷽ost important issue that the Republicans can now push is not just how well the economy did under Trump, but how poorlyꦕ it did under Biden-Harris.

J𓆏ust last November, Moody’s downgraded its ratings outlook on the US government fro🎉m stable to negative.

Last August, Fitch downgraded the US long-term foreign currency i♕ssuer default from its triple A rating.

In fact, the ratings agencies have pummeled Biden-Harris more than that big Algerian pummeled his female boxing opponent🌞s at the Paris Olympics.

As for home affordability: Under Biden-𝔉Har🌳ris, home affordability in the US is at its worst level since 1984.

With mortgage and inflation rates at sky-hig🦋h levels under Biden-Harris, would-be homeowners 🧔are being hit from every side.

Trump 🌼has♚ already laid out how he proposes to tackle the curse of inflation.

But what would President Harris do?

Again we already have her record to judge her on.

When Trump left office, he left an economy with m💯ere 1.4% inflation.

During the Biden-Harris years, the inflation rate has topped out 🎶at 9.1% (in June 2022).

And although some politicians like to pretend inflation is just something like a m🐈ajor weather event (“Ukraine,” they often say, as if that excuses everything), in fact inflation i🧸s something you can deal with.

You can make the economic weather.

And Biden-Harris either chose to make it infinitely worse or were just fantastic♓ally inep💯t.

It was their smart idea to try to tackle inflatꦰion by going on a $1.9 trillion spending spree (the Americ𒁏an Rescue Plan) followed by the $433 billion Inflation Reduction Act.

All despite Treasury Secretary Janet Yellen saying that inflation was “transitory.”

This is why prices have increased almoﷺst 20% since Biden and Harris took charge.

And it is the American public that is feeling it.

In February 2020, 57% of Americ🅷ans said they feltꦅ the US economy was excellent or good.

In May this year, a mere 23% of Americans were able to say the 🤪same thing.

Here is the challenge for Harri🃏s: She has to present herself as having answers to this country’s economic problems.

Yet she꧅ was just part of an administration that made🍬 things demonstrably worse.

Trump, on the other hand, has a positive message to🙈 sell.

Put personalities aside — the answer for his campaign is clear.

Trump should run on his reco🌠rd andꦐ invite Harris to run on hers.

I for one cannot wait to see her try.