Democrats love their misinformation campaigns. I like to flip around to different TV channels – and was stunned to hear some liberals who think Komrade Kamala is the second incarnation of, well, you know who (Obama, not God). There’s a group of them who have gotten drunk on the Kool-aid. Yet, do not despair people. I also have heard from liberals on the street. One, in particular, highlighted what I have heard a few times – who tell me they are voting for Trump.
Admittedly, they do kind of choke and sputter, but they’re committed, minds made up. On the other hand, another (liberal) friend who will vote for Komrade Kamala said that Kamala “can’t win’.” His response was telling – that she can’t win “because she’s a black woman.” What?! I responded that he’s dead wrong, that she could very well win, and Republicans are going to have to work very hard to turn out the vote.
Of course, he’s projecting – putting a negative on the rest of America, never mind that America already elected a black president, twice! But hey, he forgets that. He’s saying that Americans are too racist to elect a black woman, a statement designed to bait or guilt us into voting for her.
Then he went on to set up the excuse that if Komrade Kamala (well, he didn’t use the Komrade title) loses…again, that it’s because she’s a black woman. It’s not her policies or her Marxist beliefs; noooo, it’s her color and gender, according to this liberal. Ridiculous. If she loses, it’s because fewer people want a repeat of the last four years of failure after failure.
But let’s focus on Komrade Kamala’s claims that she’ll fix everything and bring down inflation. Hmm, first, she and Biden are the problem. They caused these high prices through their reckless six trillion dollars of spending and printing of money. Her solution is to ‘go after greedy corporations and their price gouging.’ That my friends is code for price controls. Republican president Nixon tried price controls and they didn’t work. Likewise, the commies tried price controls too (for 70 years) and they failed. In fact, all cases of price controls lead to shortages.
Example: If oil costs more due to Biden and Harris’ green policy and their shutting down of the XL pipeline and oil leases, that means farmers pay more for diesel in their equipment. Then the truckers who pick up their crops pay more for diesel. Then the food processors pay more for their fuel and for labor and higher interest rates on the capital they borrow. Then the truckers who truck the food to the stores, then the stores, yada yada yada. All the ‘inputs’ cost more due to Biden-Harris. Slapping on price controls won’t solve that. Only opening up the oil markets and ending the extreme government spending and printing of money will end inflation.
But what price controls will do, is cause food shortages – and shortages of everything. Think of it this way. If the government imposed price controls (rent control) on apartments, I would be forced to stop building. Why? Because I could not obtain a high enough rent to pay for the super high construction costs and high interest rates on the loan. If I can’t get enough rent to pay for those, I can’t secure a loan to build a new building. Therefore, no new building. The math is simple, but Komrade Kamala doesn’t understand that because she’s never worked in the real business world. She has a history of blaming others.
If you want the shortages of the Soviet Union and the communist countries, go ahead and vote for Kamala. And by the way, if Harris says she can fix inflation, well, go ahead. What are you waiting for?
She’s in charge of the country now, so fix it. Double down on your failed policies. Don’t wait until next year. Prove you can do it, now. But of course, she won’t because she knows that her policies will cause shortages and more inflation and tank the economy.
And speaking of misinformation – the Wall Street Journal has now joined the media pack in turning out positive articles to convince voters to vote for Komrade Kamala. The paper had a long story on how everything’s great for millennials now; surprise, (I bet you didn’t know), you’re all rich now! Yep, inflation in the housing market (a/k/a higher prices) has made you wealthy, according to the story.
Admittedly, if a millennial purchased a home between 2012 and 2019, you would have seen your nominal home value increase significantly after the government-ordered COVID shutdown and due to the rapid increase in housing prices due to the housing shortage created by various controls put in place by local, state, and federal governments. But the story doesn’t take into account (sorry, I can’t help myself) the similar significant increase in assessments and property taxes, utilities, insurance, and other housing operating expenses. In summary, the story doesn’t account for the super high operating costs that are draining millennials’ savings. As one millennial friend of mine (yes, I have friends) said, “We started with 9/11 in high school, then the wars in Iraq and Afghanistan, then the Great Recession hit us when we were graduating and there were no jobs, then COVID and no jobs again, then bam, record inflation and high housing costs and rent, but we’re all doing great, haha,” (accompanied by a chuckle).
He’s a prime example; he owns a house (delayed due to student loans), and yes, his house value went up in the last few years, but so did his expenses. He’s smart enough to know and articulate that he can’t realize the value of his home, because he can’t sell – due to the low interest rate. If he sold, the profit would be wiped out from the higher price of a new home, the higher interest rate, and higher monthly mortgage payments. And the taxes would be higher too. So he’s trapped.
But he also has $15,000 of student debt left, at age 40, to pay off. He’s paying an interest rate of 10% on his student loans. (I know other guys that have student loans that they were paying 7% on when interest rates were 3% – thanks to the government charging usury interest on them.) (If the government wants to help students with debt, offer a reduction in the interest rate to 2% if the students pre-pay all of their loans. We could use that $1.7 trillion to reduce the national debt.)
I know reporters are not good at math, but the Wall Street Journal story was entirely deceptive, trying to make it look like Millennials are just suddenly doing great and exploding in wealth when that is simply not true. The story reports that the wealth gap between the top 80th percentile of Millennials vs the 20th percentile is now $343,000 vs. $286,000 for Boomers of the same age. Well, surprise surprise, that difference is equal to exactly 20%, which by no coincidence is less than the inflation that Joe Biden caused, which means that millennials are actually behind boomers by comparison.
It’s just like the media reporting that growth is up to 2.5% (or whatever), but in reality, that’s nominal growth caused by inflation. If inflation is higher, say, 3%, then the economy has a negative growth of 3% – 2.5% = 0.5%, i.e. the economy shrank in real terms. Harris and the media are trying to trick Americans into thinking that their super-high prices (inflation) are good. Lies, lies, lies.
And besides, millennials are much worse off than other generations because of the college scam. Tuition has risen far faster than inflation and the academic crowd has convinced high school students that they won’t get ahead unless they go to college – and pay outrageously high tuition costs. Going to a university is now the biggest single wealth transfer tax in the nation. The idea that an older generation (of academics) would effectively steal the future wealth of an entire generation to line their own pockets is beyond comprehension, but that’s what is happening. The result – the fastest way to go into debt for the next 20 years of your life and negatively impact your future wealth is to go to university and borrow money to do it.
The idea that an 18-year-old should be borrowing the equivalent of what my dad paid for a house is insane. Borrowing for tuition should be capped – which would in turn force universities to lower their tuition. Otherwise, it continues to be grand theft larceny. Nancy Pelosi’s Book – I haven’t read it and won’t, but you’ll note that while she professes to hate Trump and doesn’t want him in power, she stole Trump’s book title; instead of The Art of the Deal, Nancy’s book is The Art of Power. Note that she emphasizes ‘power’ above all else, quite appropriately I might add. She is so enthralled with power and her lifelong pursuit of power, that she blatantly, nakedly calls her book ‘power’ because that love of power comes so naturally to her that she doesn’t even realize how that book title will come across to the public; raw and obvious and exposing exactly what she wanted – and it wasn’t a better country.
Wisconsin Right Now is a news organization focused on covering the news from a conservative point of view, in particular on politics and policy issues through analysis and opinions, and is protected by the First Amendment of the United States Constitution. WRN does not make endorsements of candidates or direct readers to vote for or against any candidate or issue. On October 18 and November 23, 2023, Donald Trump tweeted out on Trump’s Truth Social account T. Wall’s October 6th column on Trump’s property valuations. T. Wall has appeared on Fox News, Jesse Waters Show on Fox, Newsmax, CBS, NBC, Spectrum News 1, USA Today, X.com, YouTube, and numerous Madison and Milwaukee news programs and local newspapers (Wisconsin State Journal, Capital Times, Middleton
Review, Middleton Times-Tribune, and Milwaukee Journal Sentinel, and a dozen other Wisconsin papers) and previously wrote a column for InBusiness magazine and the Middleton Times-Tribune for five years each. T. Wall holds a degree from the UW in economics and an M.S. in real estate analysis and valuation and his full-time career is as a real estate developer. Disclaimer: The opinions of the writer are not necessarily those of this publication or the left!
