Staff Reports
In the ever-turbulent landscape of American politics, the prospect of Kamala Harris becoming president stirs up quite the economic debate. Charles Payne, a familiar voice in conservative circles and a self-proclaimed guru of economics, recently tackled this concern head-on, emphasizing the potential impact on the middle class and the overall economy. If Harris were to take the presidency, it could signal the continuation of a deeply divided economic environment, characterized by what Payne describes as the troubling trend of “big government” favoring large corporations while leaving the average American in the dust.
Payne points out that under the Biden-Harris administration, disposable household income has hit rock bottom. This figure, which represents the money households have left over after covering their bills, is reportedly lower than ever before. One can only imagine the sigh of frustration felt by many Americans as they juggle their finances. While some economic indicators might sparkle with improvement, the realities of inflation and the costs of living continue to gnaw away at the financial well-being of everyday families, highlighting a disturbing trend that could worsen if Harris were to lead the nation.
The situation gets murkier when looking at real weekly wages, a number that takes inflation into account. Under previous administrations, average wages were in a more favorable place, but the current trajectory appears grim. The numbers speak for themselves: from a healthy $393 under Donald Trump, real weekly wages have plummeted to around $368. This leaves many pondering how anyone could make ends meet, much less thrive, in such conditions. With the economy flooded with money but lacking direction, the precious dollars Americans earn seem to vanish into the hands of the wealthiest—an unfortunate reality that both Payne and many citizens feel strongly about.
Should Harris secure the presidency, Payne fears it might be perceived as a green light for her administration to double down on ambitious policies like the Green New Deal. These policies could embolden the government to handpick economic “winners and losers,” leading to a further entrenchment of big government control over the economy. The implications of such moves would likely stifle the entrepreneurial spirit that has historically defined the American experience. For those keeping track, the notion of Americans “pulling themselves up by the bootstraps” might become just another relic of an age past.
One must wonder what the future holds. Those who possess traditional conservative values and principles are left to wonder if a recession looms just around the corner. With predictions alluding to a significant downturn early next year, the outlook feels more like a cold breeze than a warm hug. Moreover, the growing divide between the wealthy elite and the working class serves as a sobering reminder of the socio-economic chasm that threatens to engulf the nation.
While laughter, humor, and wit can offer a brief escape from the heavy burden of a challenging economy, it’s crucial to stay informed and vigilant. In the face of potentially tumultuous changes ahead, it remains essential for every citizen to grasp the economic realities that lie in waiting. The survival of the middle class, once seen as the backbone of America, may heavily depend on the decisions made in the coming months, and as always, the average American’s voice must not be drowned out.
