Summary
Transcript
All right, y’all. Y’all ready to get started with the show? For real? For real. Let’s get started. So Kamala Harris over the weekend, I almost believe, like, that’s intentional, so that we wouldn’t be able to immediately react to it and inform our audience members of what’s going on in these streets and stuff. But Kamala Harris over the weekend, basically released and did a town hall, which it seemed like it was pretty empty, but it was a lot. It was a lot of economic policy that we were requesting, and in my personal opinion, it was 100% disastrous.
But what I want to do is wipe the slate clean. Wipe the slate clean. And let me tell my audience members and the moderators, as usual, we don’t mind people that have a difference of opinion than us. We want people to come in here, give their authentic thoughts, especially if they’re not disrespectful. Then we’re not tripping off about that. People that disagree with us, we cool with that. Come on in. Come on in. Make sure you all hit a like. Cause the likes is anemic, especially for how many people that we have in here. And so what I want to do is I want to play this speech in its entirety, and then we gonna go into different facets and different parts of it to get the expert’s opinion on it.
And we gonna break it down. All right? We gonna break it down so nobody is confused as to what her economic policies are and whether or not it makes sense for your life. Okay? We gonna get Donald Trump’s reaction on everybody’s reaction. We want to get see what Sean Fain is doing, because Solanis is over there laying off for the UAW, even though I predicted that this was gonna happen. We want to get everybody’s opinion on this. All right? So make sure y’all hit a like for the algorithm, subscribe to the channel, and turn your notifications.
Let’s see if we can get to the thick of the speech itself and we can skip through all of the fluff. And thank you, Mike, for sharing your story. And. And I’m just so sorry for what your family has been through, but you have, I want to hear all. Thank you. Thank you. And good afternoon to everyone here. Thank you to all. Governor Roy Cooper. The number of times I’ve been in this beautiful state since I’ve been Vice President Manning Fuxi. And this election, I do strongly believe, is about two very different visions for our nation.
One, ours focused on the future and the other focused on the past. We see that contrast clearly in many ways, including when it comes to how we think about the economy. So our country has come a long way since President Biden and I took office. At that time, we sadly remember the millions of Americans that were out of work. Cap. We were facing one of the worst economic crises in modern history. Are they, are they rewriting history? What? What is she talking about? We were booming. I. So I just want y’all to listen. We all can agree that we was all getting to the bag during the Trump administration, but, you know, I know they like to rewrite history in order to try to beef up what it is that they about to say and what they about to do.
Let’s get to it. And today, by virtually every measure, our economy is the strongest in the world. We have created six. I’m gonna try not to pause too much because we got a lot to get through. So I’m gonna try not to pause as much, and I’m gonna only pause when I really need to make a point. So come on, y’all. And I might have to speed this up to 1.25 because she talks really slow so that she can make sure that she reads from the teleprompter. So we’re gonna speed this up to 1.25 and we gonna get there.
16 million new jobs we’ve made, historic investments in infrastructure, in chips, manufacturing, in clean energy. And new numbers this week alone show that inflation is down under 3%. And as president of the United States, it will be my intention to build on the foundation of this progress. Still, we know that many Americans don’t yet feel that progress in their daily lives. Costs are still too high. And on a deeper level, for too many people, no matter how much they work, it feels so hard to just be able to get ahead. As president, I will be laser focused on creating opportunities for the middle class that advance their economic security, stability, and dignity.
Together, we will build what I call an opportunity economy. An opportunity economy. An economy where everyone can compete and have a real chance to succeed. Everyone. Regarding, thank you for the super chats. I’m going to read those shortly. I’m trying to minimize the amount of pauses that I have because it’s a long story and where we remove the barriers to opportunity so anyone who wants to start a business or advance their career can access the tools and the resources that are necessary to do so. I’ve sped up this to 1.25, and again, I’m gonna minimize the amount of pauses.
I’m gonna read the super chats after this one. And then, you know, we gonna go segment by segment, but I’m gonna try to minimize the amount of pauses because I know a lot of y’all only like to watch the highlights. It’s like watching an NBA game. You gotta watch the full game so we can get the full context and not just go by what everybody else is telling us. I will focus on cutting needless bureaucracy and unnecessary regulatory red tape and encourage. That’s what republicans do. That’s not what she’s doing. The innovation, but we’re going to go into IT technologies while protecting consumers and creating a stable business environment with consistent and transparent rules.
I’m going to be taking notes as president, I will bring together labor with small businesses and major companies to invest in America, to create good jobs, achieve broad based growth, and ensure that America continues to define the future and lead the world. Thank you for the super chat. Appreciate y’all. And key, key to creating this opportunity economy is building up our middle class. So right now. So she hasn’t said any policies. And what she’s doing, basically, is, is, is similar to what they teach you inside of school. And I talk about this all the time. They tell you to do the introductory paragraph, and then you give, you know, your three different talking points, or however many talking points.
The supporting paragraphs is that. And then the final paragraph is a summary and a recap of what it is that you’ve already explained as far as what your thesis. So that’s what she’s doing. She hasn’t set any policies yet up to this point, but apparently she’s going to get there. So we’re going to rock out of America’s greatest strengths and to protect it, then we must defend basic principles, such as, your salary should be enough to provide you and your family with a good quality of life, such as no child should have to grow up in poverty, such as after years of hard work, you should be able to retire with dignity, and you should be able to join a union if you choose.
Building up the middle class will be a defining goal of my presidency because I strongly believe when the middle class is strong, America is strong. So in the weeks to come, I will address in greater detail my plans to build an opportunity economy. And today, I will focus on one element. Thank you for the cash app. As many Americans ask, we get to all of the cash apps in the super chat shortly or walk the aisles of a grocery store. And that is lowering the cost of living. So every day across our nation, families talk about their plans for the future, their ambitions, their aspirations for themselves, for their children, cap and they talk about how they’re going to be able to actually achieve them financially, cap, because, look, the bills add up.
Food, rent, gas, back to school clothes. People are talking about how they gonna survive. They not talking at this point in this supposed phenomenal economy, people are not having a conversation about what their aspirations and dreams or goals are. People are having conversations with their children. They say, hey, man, what are you gonna do for a living? Because you don’t really wanna make the same mistakes that we make. It’s a survival economy at this point. People are getting laid off. They not sure what they’re gonna do. They trying to figure out how it is or what if they should go to school.
Most people need a side hustle. Ain’t no one job, and then you able to survive. And under that, even the people that have one job are starting to feel like, hey, man, if I ever get laid off, how am I going to do this? Most people are reducing and pulling back how much money that they spending on their regular stuff. And if they having a conversation with me or they participate in a millionaire morning show, I’m already telling them that because I’m trying to empower them to become successful in the first place, or how it is that you can, you know, make the sacrifice now so you can ultimately, ultimately be successful in the future.
But most people are not having a conversation, talking about thriving. I’m gonna tell you what I see. And I’m a person that’s on the ground, and I talk to people every single day. Coaching sessions in the streets, regular basis. People are trying to figure out how they can survive, right? They fit. They fearful that they’re not gonna have enough money to retire or, or people are in this position to where it’s like, listen, man, I always feel like I’m behind. I don’t care if you 18 or you 72. Everybody that I talk to say, man, I feel like I’m behind.
I feel like I’m behind. And so even when you go out to restaurants and you see these restaurants are full, or you see these trips are full and people go on to these vacations, people are doom spending. When you talk to them and you say, hey, man, why’d you take their vacation? It’s because they don’t feel as though they have any, like they don’t have nothing to look forward to. And so it’s almost like a yolo type of situation. Like, man, skipping, man, it don’t matter anyway. I don’t know. I ain’t even gonna worry about tomorrow.
I’m just gonna go ahead and have this conversation out. People not spending debt is out of control. People are not just going out and having a good time and spending a lot of money because they successful and they winning. They’re spending money almost like a doomspin because it’s like, man, I don’t even care no more. Listen, we just gonna have fun. We’re not gonna worry about what’s going on right now. We just gonna drive this car, we gonna take this trip. We gonna bust these chicks down, whatever it is. That’s how people are approaching the economy today.
People are not looking forward to or feeling as though they can get a leg up. They looking forward to buying a house. They not doing that no more. That was the sentiment that was in 20 17, 20, 18, 20 19. That’s not the sentiment today. Prescription medication. After all that, for many families, there’s not much left at the end of the month. I grew up in a middle class household. For most of my childhood, we were renters. My mother saved for well over a decade to buy a home. I was a teenager when that day finally came, and I can remember so well how excited she was.
I kind of understood what it meant, but we called her mommy. Mommy. I agree. Tame, chaos. We gonna get there. I’mma read it. I’m so excited. Later in college, I worked at McDonald’s to earn spending money. While some of the people I worked with were raising families on that paycheck. They worked second or even third jobs to pay rent and buy food. That only gets harder when the cost of living goes up. When I am elected president, I will make it a top priority to bring down costs and increase economic security for all Americans. We gonna get to the economic policy.
I watched this live. I am familiar with most of it, but I didn’t take any notes. I just wanted to get the general talking points that prices went up during the pandemic when the supply chains shut down and failed. But our supply chains have now improved, and prices are still too high. A loaf of bread costs 50% more today than it did before the pandemic. Ground beef is up almost 50%. Many of the big food companies are seeing their highest profits in two decades. And while many grocery chains pass along these savings, others still aren’t. Now, let me educate you all on something.
Because I am familiar with retail, I am familiar with the margins, I am familiar intimately because I’ve worked in these industries, I’ve consulted in these industries, and I am familiar with how these grocers or whether or not they are actually profiting, let me break it down. And these are just talking points from people that’s not on the ground. They’re not aware, they never worked in the private sector. They’re not aware of what’s going on because every job that they’ve ever had has been an elected position. Both her and Tim walls. Okay, so in the grocery store, the highest margin, meaning that the thing that you make the most profit, profit off of is perishables and things that are in the refrigerated aisle.
So if you go in and you getting yogurt, right, those type of things, those are the things that have the highest margins in the grocery store. But those are not the things that, those are the things that you also have the most waste, right? You have the most waste with those things. They go spoiled. Ultimately, people throw it away or it gets messed up in a shipping supply and all of that. But the grocery store has some of the lowest margins. They even depend on the Kellogg’s and the cereal companies and the meat companies and stuff to purchase shelf space, to purchase end caps, right? Because they want to get the products in front of you so that you’re more incentivized to buy it because it’s at eye level.
And so when you see grocery stores, and that’s why you see a lot of these stores starting to evolve, they go into hot food, which they can then market up and make a little bit more money off of. Walmart is actually the largest grocer in the United States of America. They sell the majority of the groceries. But Walmart has leveraged their, their strategy and their footprint in the United States of America to allow for you and hopefully incentivize you and market to you the ability to go to different parts of the store. So they designed a store for you to maybe come in through grocery, but then you participate in pharmacy and maybe you could also conveniently get your makeup.
And then you go over to the electronics aisle. Cause you just wanna browse, possibly buy some home goods, go and get you some, some socks, some draws. And then when you go up to the register, maybe you’ll pick up a couple pieces of candy or a magazine, which would support, support the profitability of the company because they don’t really make money off of groceries. That’s just to get you in there. That is what we call in a lot of instances, a loss leader or you just have a wash with that because you’re not actually making any money.
So when she’s talking like this and she’s talking about grocers and they’re passing along, look, man, it’s not true. It’s not true. Grocery companies are shutting down. Large grocers are ultimately putting the smaller grocers out of business. Which is why you don’t see any mom and pop spots anymore, right? Because and the only other grocers that you see in food deprived environments are the corner stores and the little markets that you ultimately get the marked up prices for. And so when she’s talking and she’s talking about the price of food and stuff like that, is so many other factors, including the cost to continue to keep employees, educate them.
Healthcare coverage requirements, unemployment insurance requirements and changes. They’re advocating for higher wages and higher benefits and higher health care coverage, which then has to be passed over into the consumer. And so when she’s saying the prices, it’s not a baseline. You can’t just say, okay, prices in groceries are high. And that’s because they not, they just, they getting historic profits. No, they have historic sales. So if you compare sales now versus previous to the pandemic, which was actually in a Trump era, sales are higher now because the cost of groceries are higher, but the expenses is higher, the rent is higher, the amount of improvements that they have to make to the facility in order to make sure that they update it so that, so that they nothing short staffed.
And they have to make sure that migrants come in. And it’s so many different factors that goes into the success of a grocery business and anybody that has ever tried to open up a business, a brick and mortar and sell products. And then also you have to factor in depending on what part of the country you in. If you in any of these liberal cities, shrink is up. A lot of people are not familiar with shrink. So shrink is anything that reduces the profits as far as the products themselves, removing themselves from the shelves. It could be stealing, which is a huge part of it.
That is a huge part of the economy, which now you have to get more lost prevention officers. It takes more money to prosecute the people that are stealing. Over in California, shrink is huge because it’s not just the product getting damaged and you have to throw it away or something like that. Theft is out of control. And so what do they do? They have to raise the price because the total price of what you sell a product for is the total cost to be able to run the business. So now they have to pass that on to the consumer.
So when people steal and then they have to raise prices or they have to institute more technology into the store in order to allow for you to survive. Right then that is going to be passed on to the cost of the consumer, spread out across multiple different project products. So when they say, oh well, what a supply chain is back together, they’re off, they’re off 1000%. And so what we need to be focused on is the intangibles in order to allow for businesses big and small to be able to thrive in the economy. It’s not about price gauging and making sure that you cap the price.
Because what you do is you limit ability, you limit the business’s ability to be able to make money. This is economics one on one. I could teach a class right here. You gonna learn more in this live stream than you learned in school. And what you definitely gonna learn on this speech, you can’t price cap, because what you have to do is you have to create competition. You create competition by creating a better environment for businesses to be able to thrive, right. You have to make sure that there is no stealing. That’s a better environment. You gotta make sure that public safety is a priority.
You gotta prosecute the criminals. You also have to remove all of the red tape. That allows for businesses to be able to continue to have suppliers and get more products onto the shelves for them to be able to hire more employees. And then that naturally lowers the price of products, because competition is almost like, you get what you pay for, you get what you negotiate. And so if this person is hiring better employees because they get better service, for example, Costco is one of the examples of that. Costco traditionally has better service, which people are willing to pay higher prices than they are at Sam’s club or other places, right? You incentivize businesses to continue to thrive by creating competition and removing the barriers to entry that allows for them to be successful.
You create an environment where it naturally solves for itself. And you don’t have to insert yourself and have more regulation, which one of the things that she said, and I’m writing it down, she says she wants to cut regulation. You can’t cut regulation by over regulating. You can’t cut regulation by over regulating. You can’t start to put parameters on what businesses can and can’t sell. You allow for the market to dictate it. And if the market don’t like it, then the business goes out of it goes out of business and people no longer want to shop there.
And so what she’s about to do is she’s about to gaslight you guys, because again, I already watched this, so I’m gonna break it down for y’all. And again, this is gonna be an extensive live stream, so I want y’all to really pay attention. What she’s about to do is she’s going to gaslight you and just give a general talking point. And it’s almost like she never took an economics class or whoever it is that’s in her cabinet, didn’t participate in the economics class when they decided they wanted to craft this policy. And so the first thing she gonna do is she gonna play on y’all emotions? Oh, food.
The price of food is too high. Well, what do you think that y’all did over the last three and a half years? What do you think is happening over in California? And y’all supporting this criminal economy and then y’all basically running people out of business while at the same time advocating for higher wages and legislating for higher wages and pushing business retailers out of business. Who you think is gonna survive? The only people that’s gonna survive is the Walmart’s. Ain’t gonna be no more small grocers or it’s gonna force them to have to merge in order to survive.
Similar to what they do inside of all of the other industries, such as the hotel industry, such as the airplane industry, the airline industry, all of this stuff. If you create an environment where businesses can’t thrive, the only people that are going to survive are the ones that’s the Walmart’s, the Amazon’s and all of that. You’re not going to have any more brick and mortar stores. You’re going to create a gig economy. You’re going to drive all of these businesses out of out of business. Small business won’t be incentivized to open it up. The barrier to entry is going to be too high.
And then the only thing you will have is the Walmart’s and whatever major grocer that goes along with it. So watch her play on y’all emotions. Look, I know most businesses are creating jobs, contributing to our economy and playing by the rules, but some are not. And that’s just not right. And we need to take action when that is the case. I wrote it down. She said she was going to cut the regulation. She said she was cutting regulation. California. I went after companies that illegally increased prices, including wholesalers that inflated the price of prescription medication and companies that conspired with competitors to keep prices of electronics high.
I won more than $1 billion for consumers. Same talking points. I went after the big drug companies. I went after the price gougers when it came to the housing industry, and I won $20 billion for. She said the same thing every single freaking speech, bro. So believe me, as president, I will go after the bad actors. What bad actors? What bad actors? And I will work to pass the first ever federal ban on price gauging on food. So she says she’s going to cut regulation. It’s the first thing that I wrote down. She’s not going to regulate what goes on.
She’s going to cut regulation, but now she’s going to over regulate exactly how small businesses operate, which basically raises the price of food and it creates bread lines because we basically are going to be living in a socialist environment. My plan will include new penalties for opportunistic companies that exploit crises and break the rules. And we will support smaller food businesses that are trying to play by the rules and get ahead. We will help the food industry become more competitive because I believe competition is the lifeblood of our economy. More competition means lower prices for you and your families.
Now, compare what Donald Trump plans to do. Wait, we’re not going to skip past that. How do you create more competition? How do you create more competition? How do you create more competition? Because that’s just a talking point. She didn’t actually address it. And she’s doing the same thing that they do on Monday nights. Make sure y’all talk. Tap into the Monday night panel. She gonna do the same thing that they do on Monday nights. Instead of actually substantiating the argument, she then moves on to Donald Trump and said, now what is Donald Trump going to do now? She gonna give some general stupid talking points.
That’s probably not true. He wants to impose what is, in effect, a national sales tax on everyday products and basic necessities that we import from other countries. That. So basically what she’s trying to say, instead of saying, look, look, look, look. Let me tell you all how bad this administration is and why they gaslight and why y’all need to be informed. Why you need to subscribe to the millionaire morning show, why you need to get the likes up, because we got over 4000 people in here on YouTube alone. And then likes is anemic. Let me tell you how they gaslighted.
She’s basically speaking on the tariffs that the Trump administration imposed on China because competition was being, was being absolutely taken advantage of. And they were dumping cheap steel. Right. That was basically sponsored by the chinese government. They were dumping products over here. And then when we went over there in order to open up businesses. And if we wanted to do business over in China, we had to partner with a company. And basically they took our, prepared our proprietary technology in order to make sure that they built their own businesses up. And then they cut us out and then they price gouged us and then they moved us out of the economy.
So they stole all of our technology, they stole our business secrets, and then they pushed us out and then they ran their own businesses and they create their own cars and they did it at a faster rate than we could do it. Which is why you now have a BYD automotive, you know, automotive company that is trying to take up and buy Chrysler and buy Dodge today. So what she’s basically saying is that, oh, no, no, no, Trump raised prices through tariffs. No, he allowed for there to be more competition and chinese companies couldn’t come over here and exploit, which is one of the reasons that the steel industry was saved and it created more american jobs.
But what they won’t tell you is this. This is the beautiful part about it, right? Cause some people will say, and I seen a guy say this on last Monday, he said, well, Anton, it created, it created more costs because we couldn’t get our, our products at lower prices and be able to get them cheap based off of, you know, chinese manufacturers. Well, not only was Trump trying to incentivize the economy to create more jobs, the Biden Harris administration left the tariffs in place. Let me say that for y’all one more time. The Biden Harris administration, these tariffs that they speak so ill about, why didn’t they pull him back? Why didn’t they pull back the tariffs that Trump implemented? And instead, and Trump mentioned this during the last debate between Biden, him and Biden when he absolutely washed him, why didn’t they remove the tariffs that Trump had instituted that ultimately saved the steel industry in the first place? Why didn’t they remove the tariffs if this is what happened? They had three and a half years to remove it.
If this was so bad, why did they remove the very thing that they say that they advocate against? Because they know that it was good policy. They knew that it was a good thing and it was something that hadn’t happened in our lifetime. They did not remove the very tariffs that she’s sitting here speaking about. But it’s easy to reframe the words and not say tariff and then to say, use word salad in order to fool the people. But see, when you, somebody like me and you actually take notes and you paying attention and she’s talking about creating competition in the industry.
You got to create competition between Americans, right? Even though we’re competing on a global scale, because we have the largest economy in the world, or one of the largest economies in the world, if they want to do business over here, then they have to play by our rules, which then feeds your family and allows for you to get more jobs and higher wages and more opportunities. And. And the economy just naturally booms because you don’t have people in here manipulating what happens within our markets. Why did they keep them in place if it’s so bad? Will devastate Americans.
It will mean higher prices on just about every one of your daily needs. A Trump tax on gas, a Trump tax on food, a Trump tax on clothing, a Trump tax on over the counter medication. And, you know, economists have done the math. Donald Trump’s plan would cost a typical family $3,900 a year. At this moment, when everyday prices are too high, he will make them even higher. As president, I’ll attack and take on the issue of the cost of health care as attorney general. Wait, she just skipped over all the possibilities of how she’s going solve for all of this stuff.
And we went straight from tariffs, food cost caps, straight over to healthcare. All right, cool. We rocking insurance companies and big pharma and got them to lower their prices. And together with President Biden, we’ve gone even further. We capped the price of insulin at $35 a month. And the total cost, Q two cards, y’all. The total cost of prescription drugs at $2,000 a year for seniors. We let Medicare negotiate lower drug prices for seniors. And just yesterday, and just yesterday, we announced that we are lowering the price by up to 80%. I’m gonna try to stop.
I’m gonna try to not stop it as much. Saving drugs. We gotta get through the rest of the street. And I pledge to continue this progress. I’ll lower the cost of insulin and prescription drugs for everyone with your support, not only our seniors, and demand transparency from the middlemen who operate between big pharma and the insurance companies who use opaque practices to raise your drug prices and profit. New word, y’all. New word alert. She got a new word. So opaque. We’re gonna be hearing this in future speeches off your need for medicine. Two months ago, I announced that medical debt will no longer be used against your credit score.
And I will work as president with states. Like, I wonder if she would ever would ever address the fact that hospital care and people that work in the hospital industries are being laid off at a massive rate, that the hospital industry is basically being privatized and they’re being laid off at a massive rate. I wonder if she would ever address it. Y’all think she would address that? Okay, let’s just clean here in North Carolina. Roy Cooper, thank you again. To cancel medical debt for more and more, millions more americans. As for Donald Trump, well, he wants to repeal the Affordable Care act, which 45 million americans rely on.
45 million americans rely on it for health care. That would take us back to a time when insurance companies could deny people with pre existing conditions. We all remember what that was, and we’re not going back. We’re not going back. We’re not going back. And remember, and this is why we’re not going back, because we do remember, he tried to cut Medicare every year he was president, threatening a program that tens of millions of seniors count on. And according to his project 2025 agenda, he intends to undo our work to bring. Are y’all honestly, like, y’all not concerned that she continues to use talking points and stuff? That’s not even true? Like, how can y’all have confidence in a woman that her very administration is the reason that y’all suffering? And now she’s trying to use fake talking points because her handlers and the pollster said, hey, hey, hey, make sure that you use project 2025, because the people don’t know and most people are ignorant.
Look, most people are stupid. I’m gonna just be honest with y’all. Cause you know me, I don’t care. I’m not worried about what people think. I’m 100% independent. I’m already rich. So I’m not really concerned about what people think about me. The fact of the matter is, most people are stupid. Most people are dumb. Real talk. That’s why they created no child left behind, because they knew that your child was a little bit slower. They wanted to change it and not make your child feel some type of way or you feel some type of way about it.
So instead of putting them in an LD class, we used to be called the LD class. It was the learning disability class, learning disabilities. And it was all you in the LD class. That’s the class where they don’t go in the gym, right? That’s the class where they don’t switch and go to music room. And they didn’t. And this is all the way in elementary school. They don’t go to music room. They might give your kid a helmet and all of that. But now all of these kids and all of these people is walking around in the public, and we don’t know who is who because nobody had a tag on they shirt that says they removed the room where every kid had to go to the.
That was the room that was the closest to the restrooms. They never got out. They never got out. They went to lunch at a different time and all of that. And so now we got all of these same people on the Internet talking about how they gonna vote for Kamala Harris and all of that. And these are the same ones. I got the diversity equity inclusion jobs. They got in off of identity politics. They got into college on affirmative action back when they was younger. They didn’t qualify. They knew that they wasn’t smart enough to go into stem, so they went into african american studies where they were guaranteed at least to get a c.
And these are the very ones that sitting here on TikTok with a phone telling you how you should vote, and they never qualified themselves to be worthy of having this conversation with you in the first place. That is the truth. Most people are slow. They’re slow. They have no ability to think for themselves. That’s why you see so many people use talking points from everybody else, because they don’t even know when you, the next person you see that say, hey, man, what about Trump’s project 2025? Know that that was the kid that dodged the learning disabilities class because he did not do his own research, and he doesn’t have the ability to do so.
So he’s depending on Deraji P. Henson to give him his talking points so that he can come up on Monday night and say, hey, Todd, I want to debate you. Debate who? Who you gonna debate? And I be looking at him like, oh, you just loud or wrong? You just loudenous. You’re just loud. But I got a laptop, and I got a camera, and I wanted to bait you. You just loud. What about projects when you. And then I got to sit there and look like a fool because I’m stuck with them for the next 3 hours debating back and forth with a bunch of fools because ain’t nobody educated on what it is that they talking about.
And so now I got to answer the question. So now I’m looking like a fool because I got to talk to a fool that ain’t even educated enough to realize that that ain’t even got nothing to do with Trump in the first place. But they’ll let you play on your emotions, and they’ll sit here and have this conversation with you and let you talk like a fool on the panel, because we don’t know who you are until you get there. Bring down prescription drugs, the cost of prescription drugs and insulin costs. Well, we’ve come too far to let that happen, so we’re not going back on that.
And let’s talk about the cost of housing. We just skip right over that. Okay, so now the housing market can be complicated. But look, I’m not new to this issue. As state attorney general, I drafted and helped pass a homeowner Bill of rights, one of the first in America. And during the foreclosure crisis, I took on the big banks for predatory lending with many of my colleagues, including Roy Cooper. I told y’all she was $20 billion for California families when I was attorney general. I told y’all every speech, same talking point. So I know how to fight for people who are being exploited in the housing market.
And I know what home ownership means. It’s more than a financial transaction. It’s so much more than that. It’s more than a house, homeownership. And what that means. It’s a symbol of the pride of. That comes with hard work. And if that’s the truth, then how come you won’t tell Tim Walls to buy him a house? Why is Tim walls homeless? Why is your. Hold on. Wait, wait. If this is a symbolism of pride, right. Why is Tim walls a renter? I just want to know. I’m just curious. Let me write that down. Why is Tim walls not a real.
Ain’t nothing wrong with renting. I just want to make sure that we can speak to our talking points and that we actually live in the thing that we advocate for other people to do. Why does Tim walls own zero real estate? That’s all I’m asking. Because that means that he can’t relate then, right? He ain’t got no. No. No real estate, no bitcoin, no no 400, no nothing. No no socks, no investments, no mutual funds, no nothing. That’s all I’m. That’s all I want to know. How come Tim walls don’t have it, then? Why wasn’t that a part of the vetting price list? To make sure that he can relate to the american people.
It’s financial security. It represents what you will be able to do for your children. And sadly, right now, it is out of reach for far too many american families. There’s a serious housing shortage in many places. It’s too difficult to build, and it’s driving prices she know nothing about. As president, I will work in partnership with industry to build the housing we need both to rent and to buy, we will take down barriers and cut red tape, including at the state and local levels. How, how, how. One of the things that we implemented that I gotta give Barack Obama a little bit of credit for.
I hate giving Barack Obama credit, but I gotta be objective enough to do so is that we had administrations, including the Bush administration and the Clinton administration, that ran this country into the ground by basically reducing. Because there has to be some rules, right? We can’t just deregulate everything. We have to have some barriers to entry. And one of the reasons why we had a housing crisis is because they had ninja loans. No income, no job, you approved. No income, no job, you’re approved. And so the easier that you make it as far as people being able to just easily get a home.
And when you say, I just want to remove the red tape, how, one of the ways that you have to protect the housing industry is that you got to make sure that people are able to pay for what it is that they’re trying to sign up for 30 years for. I seen a 40 year loan, a 40 year mortgage loan the other day. 40 years, 40 years. That mean if I bought that house today and I financed it for 30 to 40 years at 42 years old, I wouldn’t be done paying for it until I was 72 or 82.
And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rental that are affordable for the middle class. Similar to how they did it in California. Right. So what they basically telling you all is that the United States government now plans to participate in the real estate industry and to help regulate exactly what the cost is, which is going to be disastrous for the real estate industry. And it’s going to cost even higher housing costs, such as what we see over in California. Listen, California is the blueprint.
California housing is the blueprint for what she is telling y’all. It is the reason why they are spending $165 million, $600,000 per unit for permanent housing for homeless people over in California. They’ve thrown over $25 billion towards the issue over in California. And housing is largely out of reach for every single person, every regular person that lives over in California. What she’s basically proposing to you is California. For the rest of the United States of America, the government is going to get involved with building houses. Come on, family. Come on, y’all. Come on. Wake up. Wake up, wake up.
You do not. Because again, cutting, covering, cutting. The government’s participation is the first thing that I wrote on here. Cutting government participation in a free market industry is one of the things that she used as a talking points in the very beginning of this. They’re basically telling you that they want to get involved in creating housing projects for you guys and inflating the cost of housing for you all. But that’s not all. We’ll do that together. We will do that together and, and we will make sure those homes actually go to working and middle class Americans.
So now you have to have an income threshold. That’s basically what they telling you. There’s gonna be an income threshold. And so the middle class is absolutely gonna be decimated because you have to make under a certain amount to even be able to qualify in certain industries in certain states. And I. This is just all stupid, bro. Stupid is dumb. It reminds me of applying for student loans for college. You make too much money to actually get any Pell grants, but you don’t make enough money to be able to pay for college. So now there’s going to probably be income thresholds, because if you make so much money or you are successful, or you doing the right thing and you taking care of business, and you studied and you was on top of things, you don’t qualify for the things that they’re going to use in order to validate whether or not this person deserves to be in this housing market.
This is dumb. This is dumb. This is going to be the dumbest thing that I’ve ever heard in my entire life. And y’all signing up for it. Y’all deserve it. Y’all signing up for it. And y’all deserve it. Not just investors, because, you know, some corporate landlords, some of them buy dozens, if not hundreds of houses and apartments, then they turn them around and rent them out at extremely high prices. And it can make it possible, we don’t get to all of this regular people to be able to buy or even rent a home. Some corporate landlords collude with each other to set artificially high rental prices, often using algorithms in price fixing software to do it.
It’s anti competitive and it drives up costs. I will fight for a law that cracks down on these practices. Just a random law that cracks down on the. Okay, I got you. Just want to make sure we all on the same page. We also know that as the price of housing has gone up, the size of down payments have gone up as well. Even if aspiring during your administration. Let’s, let’s not leave out the key details here. During your administration, we’ve had record interest rates during, during you and Biden’s administration. This is what y’all created also on top of that.
But let’s not, let’s let’s honestly, let’s not act like that. We not aware of what’s going on out in these streets for years. It often still is not enough. So in addition, while we work on the housing shortage, my administration will provide first time home buyers with $25,000 to help with the down payment on a new home. So now I ask the question, y’all. This is as everybody stands up and applause and nobody applies any of their critical thinking skills. Everybody just reacted. Nobody applied any critical thinking skills because it sounds great. Oh, my God, I get $25,000.
Okay, so first and foremost, you know, you’re gonna have to make sure that you under an income threshold in order to get it. Number two, who gets it? Number three, don’t y’all know that this is gonna increase inflation? And number four, who pays for it? Who is paying for $25,000 per person, which is just going to artificially increase the price of the home itself? It’s not going to actually give you anything except for more inflation. Right. And the builders and the people that sell their homes are going to exponentially increase the price of the home itself.
And that means that it’s going to put it further out of reach of what you got to do. Unless you buy. I mean, this is dumb. This is the dumbest thing ever. Government should not be in private industries. Government should not be in private industry. Who paying for all of this? Who’s paying for this? We can do this. We can do this. We can do this. We can. We can do this. We can do this. To help more Americans experience the pride of home ownership and the financial security that it represents and brings. So that’s my plan.
This is so dumb. But here’s what Donald Trump would do. If we know what Trump would do, we already talked to him. His project isn’t $200 a year is put into Donald Trump would do if his project 2025 agenda is, again, more content for the slow kids. More content for the slow kids. Fake news, but let her go ahead and spill it to you. Put into effect, it will add around $1,200 a year to the typical american mortgage. He’s got it backward. Jesus. We should be doing everything we can to make it more affordable to buy a home.
I’mma let her talk for a while so that we can hopefully get through this, not less. Finally, there’s one more way I will help families deal with rising costs. I didn’t see this last part, so I’m learning about this last part in real time, like you guys. That’s by letting you keep more of your hard earned money. Under my plan, more than 100 million Americans will get a tax cut. And we will do this by restoring two tax cuts designed to help middle class and working Americans. The earned income tax credit and the child tax credit, through which millions of Americans with children got to keep more of their hard earned income.
We know this works and has a direct impact. I’m taking notes. Including child poverty, we know it works. So, as president, I’ll not only restore that tax cut, but expand it. We will provide $6,000 in tax relief to families during the first year of a child’s life. Now, think what that means. Think what that means. That is a vital, vital year of critical development of a child. And the cost can really add up, especially for young parents who need to buy diets. Basically, what she’s saying is Bonquisha and them is gonna be incentivized to have more kids out of wetlock.
Don’t worry about it. Bonquisha and them is gonna have more kids, and they’re gonna be incentivized to basically create a slave culture, because they know that your child has no bearing or no pathway to success, especially when they got eight kids by seven baby daddies, diapers and clothes and a car seat and so much else. And we will do this while reducing the deficit. Speaking from a person that has never had kids before. But let’s continue. Compare my plan with what Donald Trump intends to do. He plans to give billionaires massive tax cuts year after year, and he plans to cut corporate taxes by over a trillion dollars, even as they pull in record profits.
And that’s on top of the $2 trillion tax cut he already said signed into law when he was president, which, by the way, overwhelmingly, overwhelmingly went to the wealthiest Americans and corporations and exploded the national deficit. You know, I think that if you want to know who someone cares about, look who they fight for. So that is her. That is her economic policy. I’m going to see if she has anything else to say in this. And then we going to go from there. Fight for Donald Trump fights for billionaires and large corporations. We, I will fight to give money back to working and middle class Americans.
So I’ll end with this. Two days ago, Donald Trump was here in North Carolina. He said he was gonna talk about the economy. All right, so we got Kamala Harris speech. That’s her economic policy. Let me see if I could, if I miss anything, because I want to make sure that I took all my notes in greater detail. My plan is to build an opportunity economy. Opportunity. I grew up in a middle class college. I worked at McDonald’s. Shut down and failed. And we need to take action when, after companies that illegally increased, he wants to impose what is, in effect, a national sales tax.
President, I’ll tack and take on the issue of the cost of health care. Okay, so we got the four talking points. All right. All right. So her four talking points was this. These are the four pillars, as I’ve basically observed in this speech. Right? The four pillars are this price gouging for food. Now, let me make sure that I educate you all on why she said what she said. Because the main things that people are concerned about in this economy, even though they are the ones that basically got this economy effed up altogether, but the main things that they’re concerned about in this economy that most people are, is their ability to be able to have a roof over their head.
Homelessness is crazy, feed their kids. Debt is out of control. And immigration, now, we have no solution for immigration. That’s not something that I don’t think that you’ll ever talk about. It’s not a thing. Right. Immigration is a subject that is off, hands off on anything. Immigration. Because we don’t want to have a conversation about that. All right? So the four things that we’re concerned about here that she addressed controlling food, all right, housing. She planned on giving people $25,000 and building more projects, all right, healthcare, insulin. All right, making sure that we kept the cost of insulin and the earned and the child tax credits.
Those are her four pillars. Food, housing, healthcare, child tax credits. All right? Those are the things that she addressed in her speech specifically. So now you guys can come to your own conclusion now that you understand exactly what her economic. We don’t know how we gonna pay for it. We don’t know how we gonna regulate it. We don’t know what the hell is going on. We don’t know our left from our right. But those are the four things that she spoke about. And she also had an opportunity to. I’m gonna read the super chat shortly, don’t worry.
But I wanna continue along this path. She also had the opportunity to have a conversation about how she plans to pay for these things, all right?
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