Harriet Barfield Black
August 6, 1918-April 14, 2020
That Kamala Harris will win the majority of votes for president shows the wisdom of the Founding Fathers in instituting a representative republic rather than a democracy. Harris is clearly not competent to be president – but again, neither is Biden.
Trump continues to be his own worse enemy. He goes to Georgia and lambastes Brian Kemp who had magnanimously endorsed Trump at the republican convention. Trump is the reason why the democrats took control of the senate when he discouraged republican voters in Georgia from going to the polls. The election of Raphael Warnock and Jon Ossloff was the result. Trump needs to shut his mouth and not tweet about anything except the actions of the Biden Administration.
Speaking of which, where’s Waldo – er Biden? Have you heard anything from him on the tanking of the Japanese stock index, the growing threat of wider war in the Middle East or Maduro reneging on his promise to have a fair election in exchange of lifting the oil sanctions? Me neither.
By the way, even though the press was hysterical about the market correction almost impling that the US market had crashed, it was mere hyperbole. The market went down only 2%. The Japanese market fell 20%. The reason for the decline was the Japanese central bank finally raising its bank rate to a paltry 0.25%. But when you have had negative rates, I guess 0.25% looks enormous. Investors had been borrowing money in Japan at those rates and investing abroad at higher rates. Maybe the Bank of Japan was signaling that cheap money days are ending. Will the Fed now raise rates in September?
The Fed is between a rock and a hard place. Any action on its part will now be deemed political. If it had raised rates at the last Open Market Committee it would have minimized any criticism (except from Trump). Some are now saying that if the Fed cuts rates it should be by 50 basis points rather than the traditional 25 bp. That would be a bad thing. A larger than anticipated cut would roil markets by signally a stronger imminent recession. The markets would tank. Word to the Fed: Don’t do it.
Much has been made of the weak job market numbers. Of course, the Harris campaign blamed Trump. Again, the truth is that the job market has been weak for a couple of years. Most of the hiring has been in governments and services at minimum wages. Very little job growth has been in the other sectors.
The polls now tell us that Harris is now slightly favored over Trump. Talk about gaslighting! Let’s see what they say in a month. Isn’t it curious that the least popular national politician with an approval rating in the 30s is now favored to become president? Only a fool would believe that. Are we now fools?
Harris’ DEI vice president pick is Tim Walz again proving that the vp doesn’t matter. Walz is not going to counter Vance in the rust belt states. He was picked because he was Bernie Sanders’ choice. Of course, the country elected Bernie Sanders although it thought it was electing the “moderate” Joe Biden. But once in the White House, Biden adopted most of Sanders’ agenda. Like Harris and Biden, Walz supports unlimited abortion and the LBGTQ trans agenda. Harris’ selection of Walz again shows that the most influential democrat is not even a democrat.
The press is now saying that a recession would doom Harris’ chances. That is total BS. Harris’ chances are doomed because of the Biden Administration’s disastrous term.
Lastly, my mother would have been 106 today. She died at 101 and was a wonderful person. We all miss her deeply.
haroldblackphd.com 