Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

Kamala Harris’ big night helps Democrats reverse their fortunes

by August 23, 2024
August 23, 2024
Kamala Harris’ big night helps Democrats reverse their fortunes

Vice President Kamala Harris gave a ringing speech that fired Democrats up to close the Democratic convention and this more or less picture-perfect convention came to an end. Harris will likely continue to strengthen in the polls as is typical after a convention and there is no doubt that the Democrats are in better shape now than they were if they had kept with President Joe Biden as their candidate. 

More than anything, what Harris has done was to bring back core Democratic constituencies including Black voters, young voters, women and elites and this returned the race to at least even. 

The second thing that the convention did was to make it appear that former President Donald Trump was the incumbent president responsible for the last four years and not the Biden-Harris team. The future is Harris, and the past is Trump in their messaging, and there was little to no attempt to justify the last four years — they simply didn’t exist.  

Perhaps the surprise of the night was Harris’ clear statement that she would defend Israel and would be prepared to defend against Iran. These elements had been missing from virtually every speech at the convention and were absent from Biden’s remarks.  

The huge, feared protests against Israel did not materialize and in their place were a few thousand extremists whose leaders called for the destruction of Israel and who should never have been dignified by Biden. Harris did not repeat that mistake. 

For all the pounding that Trump takes every time he criticizes Harris, the vice president and most of the major speeches attacked Trump in highly personal terms, and frequently distorted his views. The speech called for national unity and then slashed away.  

Trump is not for a national ban on abortion, nor did the Supreme Court issue one. Nor did he support Project 2025. The immigration bill that Trump opposed would allow 5,000 migrants to cross into the United States a day before shutting down the border or allow about 2 million entries a year into the United States, which is about the same as now. 

Other than promising lower prices, Harris did not outline any real plan for dealing with inflation or the economy. Earlier in the day, her campaign said she backed all the Biden tax increases in the budget and then some, which would be the largest tax increase in history, eliminating the capital gains tax, taxing unrealized gains, and moving top federal rates to about 45% with combined rates in big states nearing 60%.  

These massive increases could essentially kill innovation and capital markets, discouraging investments of all types and tanking 401(k)s. 

Harris avoided the issue of energy altogether and left open whether she continues to support the green new deal. She stayed away from divisive social issues, though she clearly rallied women around reproductive freedom.  

‘Coach’ Tim Walz turned out to be more of a liability than an asset as questions about his military record and how far left he really is have emerged to underscore that she likely would have been better off with Pennsylvania Governor Josh Shapiro, but vice presidents rarely matter that much. 

Trump called into Fox News after the speech, ignoring the rule in politics that you don’t answer artillery with a pop gun, and it underscored the challenge he is facing to get through. 

Just a few weeks ago, the Democrats were facing a death spiral, and Trump was consolidating support nationally. The Democrats have turned it around and installed a new team, new messaging and revived their chances.  

The challenges for the Trump campaign are to define differences in issues and leadership that matter to voters in their everyday lives when it comes to war and peace, inflation, taxes, crime and immigration and to pin Harris as equally responsible for four unhappy years.  

Almost two-thirds of the voters believe the country has been headed in the wrong direction, and oppose open borders, want tougher laws on crime, and believe the administration was responsible for the inflation that is in effect a huge tax increase on all Americans. Nevertheless, the Harris bandwagon rolls on. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
next post
MNDY Stock Soars On Strong Q2 Earnings

You may also like

DAVID MARCUS: Saving America from bad spending bills...

December 20, 2024

DOGE reveals bizarre findings of unemployment insurance claims...

April 10, 2025

Musk feud presents ‘unprecedented’ dynamic compared to past...

June 7, 2025

Trump, Harris trade barbs on crime during first...

September 11, 2024

Trump’s grand peace strategy is bearing fruit, in...

October 10, 2025

Trump stands by RFK Jr. after heated Senate...

September 5, 2025

Russia sounds off on Trump’s threat to retake...

January 21, 2025

Walz responds to network’s vice presidential debate invite

August 14, 2024

Liz Cheney bashes Trump in new key battleground...

October 29, 2024

Tillis denounces Trump ‘big, beautiful bill’ hours after...

June 30, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Chip Roy says Democratic Party taking its ‘dying breaths’

      October 20, 2025
    • Reporter’s Notebook: Government shutdown stalls as Democrats demand Obamacare subsidy extension

      October 20, 2025
    • House GOP announces $24M cash haul as government shutdown drags on

      October 20, 2025
    • Customers sue sneaker company On over shoes that cause ‘noisy and embarrassing squeak’

      October 20, 2025
    • ‘Goofballs’ and hostages: GOP senators say Schumer’s shutdown tactics destroying the Senate

      October 20, 2025
    • Is Trump’s ‘heat’ on Venezuela the start of a wider campaign for regime change?

      October 20, 2025

    Categories

    • Business (815)
    • Investing (661)
    • Politics (6,004)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved