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(DC Pundit) – During an interview on CNBC’s ‘Halftime Report,’ Goldman Sachs CEO David Solomon took aim at Vice President Kamala Harris for misrepresenting data from a report she referenced in a recent presidential debate. According to Solomon, the debate failed to properly address the report, in part due to biased moderation.

Following the debate, Victor Davis Hanson, a senior fellow at the Hoover Institution, criticized Goldman Sachs and other financial elites for advancing what he believes to be harmful policies. These, Hanson argued, could have devastating effects on middle-class Americans. His remarks came after a Goldman Sachs report suggested that while Kamala Harris’ policies might result in a “very slight boost” to the economy, former President Donald Trump’s plans could slow growth due to tariffs and stricter immigration policies.

“Why would we listen to someone who makes so much money that will be immune from whatever disastrous policies that will destroy the rest of us? And then they can afford the luxury for social or cultural reasons of supporting a neo-socialist, and that’s what we’re talking about. We really are,” Hanson said, according to The Daily Signal. “Reminds me of the aristocrats during the Bolshevik Warsaw revolution, who all thought that Lenin was kind of cute and neat. But that they had so much land and so much money that he would never go after them, and even if he did, it wouldn’t hurt them.”

During the CNBC segment, Solomon addressed the report that Harris had cited, clarifying that it was not produced by Goldman Sachs but by an independent analyst. When host Scott Wapner asked him to comment on Harris’ claims, which suggested that a Goldman Sachs report showed her economic plan would outperform Trump’s, Solomon set the record straight.

“That report, which was mentioned last night in the debate, came from an independent analyst,” Solomon said. “It’s interesting, Scott. I think a lot more has been made of this than should be. What the report did is it looked at a handful of policy issues that have been put out by both sides, and it tried to model their impact on GDP growth. The reason I say a bigger deal has been made of it is because what it showed is the difference between the sets of policies that they put forward was about two-tenths of 1%.”

Solomon further criticized Harris for exaggerating the findings, inflating the significance of the report to serve her political agenda.

“This was blown up into something far bigger than what it was intended to show,” Solomon emphasized, warning that such distortions could mislead the public on economic policy.

🚨 Goldman Sachs CEO David M. Solomon scorches Kamala Harris for turning a report from an independent analyst into "something that's bigger than what it was intended to be."

"A lot more has been made of this than should be." pic.twitter.com/JUaeE6W6st

— Trump War Room (@TrumpWarRoom) September 12, 2024

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(DC Pundit) – California, once the shining beacon of the American Dream, now serves as a stark warning of the consequences of radical policies under Democratic leadership. The Golden State has found itself entangled in a crisis that few (or many depending on which way you lean politically) could have predicted.

Among the most urgent issues California faces is the housing affordability crisis. Despite numerous attempts to boost affordable housing, many residents—particularly those in low-income brackets and renters—are still grappling with skyrocketing rents and property prices. This crisis has left a significant portion of the population struggling to keep a roof over their heads.

In a candid interview with Newsmax, Governor Gavin Newsom acknowledged the gravity of the homeless crisis, attributing it directly to his party’s policies and inaction. When questioned about how California reached such dire levels of homelessness, Newsom didn’t hold back. “I mean, because of our own policies and neglect. We put up our feet, and we’re resting on our laurels,” he admitted.

Holy smokes

Gov. Gavin Newsom just admitted that Democrats destroyed California pic.twitter.com/HVUp5hRHNw

— End Wokeness (@EndWokeness) August 22, 2024

This stark confession sheds light on the challenges California faces as it grapples with the consequences of its own decisions.

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(DC Pundit) – Vice President Kamala Harris is set to unveil federal economic proposals on Friday, which will include Soviet-style, centrally controlled price regulations on food and groceries. These proposals will offer a glimpse into her 2024 policy platform.

As the Democratic presidential nominee, Harris is pledging to implement a national ban on price gouging and price-fixing within her first 100 days in office. This move is aimed at addressing widespread voter dissatisfaction with President Joe Biden’s economic policies.

According to a report from Time magazine, Harris plans to empower the Federal Trade Commission and other agencies to investigate and penalize large corporations that violate government regulations, reflecting a command economy approach similar to the Soviet Union’s. Her campaign has indicated that additional measures to combat price fixing and anti-competitive practices in the food and grocery sectors will also be outlined.

Harris is expected to reveal further details on her strategies for reducing prescription drug and housing costs during her upcoming economic address in Raleigh, North Carolina.

There is no confirmation yet on whether Harris will take questions from the media after her speech, mirroring President Biden’s frequent reluctance to engage directly on policy matters.

In her remarks, Harris is anticipated to specifically target the highly concentrated meat industry, criticizing its processing intermediaries as “particularly egregious” for their history of illegal price manipulation, as reported by Time.

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