American Economics Thread

[Michaelsinodef]

Full breakout of major economic policies / objectives:

GROCERIES AND FOOD

• First-ever federal ban on corporate price gouging on food and groceries
• Set clear rules so that corporations can't unfairly exploit consumers with pricing to run up excessive corporate profits
• Empower the FTC and state attorney generals to investigate corporations for violating the rules
• Aggressively regulate mergers and proposed consolidation among food producers and grocers

HEALTHCARE

• Expand the $35 insulin cap for Medicare to all Americans, not just the elderly ones
• Cap all Americans annual out of pocket prescription drug spending at $2,000/year
• Ramp up Medicare negotiations with drug companies over their most expensive drugs
• Regulate pharmaceutical companies that block competitive and abusive practices by middlemen
• Cancel medical debt for millions of Americans

TAX CUTS

• Extend Inflation Reduction Act subsidies and lower premiums for ACA
• Expand Earned Income Tax Credit by up to $1,500
• Restore the $3,000 per child tax credit from the Inflation Reduction Act
• Expand the Child Tax Credit so that even the poorest of families receive it (currently families need to make a high enough annual income to receive it)
• Increase the Child Tax Credit to $6,000 per child for first year newborns

HOUSING

• $25,000 down payment assistance for first time homebuyers who have paid rent on time for at least two years
• Tax credit incentives for home builders who build starter homes sold to first time homebuyers
• Build 3 million homes
• $40B to local state governments for building housing
• Pass the Stop Predatory Investing Act, legislation that would prohibit investors who acquire 50 or more new single-family rental homes from deducting interest or depreciation on the properties.
• Pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, legislation that cracks down on companies that allow landlords to collude to set high housing prices via software and price-setting algorithms.

?

Is that actually her overall plans? Links?

 

[manqiangrexue]

The same way current inflation is <2% even with expectations of rate cuts and bad U.S.-China relations. China simply isn’t important in U.S. economic life,

I wish that were true, I really do. You know how they say you sneeze when someone thinks of you? We've been in allergy season all year from living rent free without accepting any invitation to be in the drug and crime filled cesspool that is America's head. Unfortunately, your playground gossip girl politicians just can't stop talking about us and saying ridiculous things about how they can keep us down. Can you let them know that we're "simply not important" enough to talk about and they need to mind their own business? If your politicians mistake you for a China-sympathizer and start frothing from the mouth and going red in the eyes from hearing you say "China," resulting in your untimely demise by rabid beating, I pledge to donate a virtual flower to your Facebook Memorial Page to apologize for my idea that got you killed.

and the U.S. has substantial areas of productivity growth that will only grow (the labor market churn is ending and people easing into their new jobs, a substantial amount of capital deepening, the AI bonanza, etc) that will simultaneously have disinflationary pressure and positive growth effects

Ah yes, your imaginary growth with negative PMI LOL.

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[chgough34]

?

Is that actually her overall plans? Links?

It was a speech she made in Charlotte and campaign speeches are never going to be the “overall plans”. It’s going to be shortened stuff for quickly going through a stump speech

 

[Michaelsinodef]

It was a speech she made in Charlotte and campaign speeches are never going to be the “overall plans”. It’s going to be shortened stuff for quickly going through a stump speech

I formulated it badly.

But anyways, just wanted to know if real or not.

With that said, lol, good luck in actually accomplishing that.

Just like how Biden promised to slash student loans, and many other campaign goals that didn't get accomplished.

 

[pbd456]

It was a speech she made in Charlotte and campaign speeches are never going to be the “overall plans”. It’s going to be shortened stuff for quickly going through a stump speech

She has been the VP since 2021 and Biden has been missing in action. Why didn't she do any of that?

 

[fishrubber99]

The "$25,000 down payment assistance for first time homebuyers who have paid rent on time for at least two years" seems like quite a bad idea. Without price controls, this is basically just a subsidy for existing home owners/people who are selling their homes.

Overall I feel like her housing policy is generally not very good, and a lot of the points just seem like roundabout ways of subsidizing real estate developers/home owners and there's not much emphasis on affordability or any sort of rent controls. The emphasis should be on making available more affordable housing, not just housing in general.

 

[chgough34]

I formulated it badly.

But anyways, just wanted to know if real or not.

With that said, lol, good luck in actually accomplishing that.

Just like how Biden promised to slash student loans, and many other campaign goals that didn't get accomplished.

Some of it is her promising things that she knows she can’t get done (either because of Congress or the courts) so the political consequences are muted

 

[chgough34]

She has been the VP since 2021 and Biden has been missing in action. Why didn't she do any of that?

I’m not a campaign spokesperson but these are pretty easy to answer - she worked on other issues in the previous 4 years and has more things she wants to do that will require more time in the White House (or alternatively, you need to wait for the political environment or consensus to come around to an issue - for example, with housing - it’s only very recently that democrats have converged on the need for zoning reform to make building homes more affordable).

 

[9dashline]

The "$25,000 down payment assistance for first time homebuyers who have paid rent on time for at least two years" seems like quite a bad idea. Without price controls, this is basically just a subsidy for existing home owners/people who are selling their homes.

Overall I feel like her housing policy is generally not very good, and a lot of the points just seem like roundabout ways of subsidizing real estate developers/home owners and there's not much emphasis on affordability or any sort of rent controls. The emphasis should be on making available more affordable housing, not just housing in general.

She probably had Chatgpt write it

 

[siegecrossbow]

She probably had Chatgpt write it

Funniest part is that the fundies act like the opposition has the solution.

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