Four takeaways from Harris MSNBC interview

[Mick1]

1. Her plan is going to be crazy expensive.
2. She likes to make decisions with her gut, her last big “gut” decision was Gov. Walz as her running mate. Frankly, both candidates made bad decisions. Trump should have swallowed hard and picked Nikki Haley, this race would have been over. Harris should have picked Shapiro, ditto.
3. Harris knocked Trump hard on tariffs–without explaining that she and Biden not only kept Trump’s tariffs, but raised them.
4. Harris gave pablum answers on policies, for the 97th day in a row. She can’t/won’t explain how she’s going to pay for her “opportunity economy.”

5 takeaways from Harris’s MSNBC interview with Stephanie Ruhle

Audaces fortuna iuvat

[Beeg_Dawg]

Friendly interview? That’s an understatement. You don’t have to dig deep into Harris’s proposals before you go WTF.

Business Startups –

9 out of 10 startups fail, a misleading startup statistics in the context of startups because these figures focus on all new businesses, both startups and traditional businesses (like a hair salon).

69% of all successful startups start from home, 59% choose to operate even when they have enough cash

Only 40% of startups become profitable, only 9% of startups survive ten years.

30% of future unicorns operate in enterprise/big data tools

A startup founder who is 40 years old is 2.1x more likely to start a successful venture than a 25-year-old.

Less than 1% of startups get venture capital investment.

Harris is willing to handout $50K/startup so people can pursue their dream of starting a company, even though 90% of them will fail.  Is the $50k a loan or a grant? If it is a loan, will it be forgiven if the business fails?  I can see becoming a startup specialist. Can I startup 6 or 7 businesses every year? Might be a nice gig for my retirement.

First time home buyers accounted for nearly 1/3 of home purchases last year, up 6% from 2022. With all of the government programs for first time buyers, do we really need additional incentives?  Of course, the mantra is again “helping people pursue their dream of owning a home.”

Last but not least, an additional break for each child.  This is again, helping people pursue their dream, only this one is the dream of starting a family.

I see an economic policy based on pursuit of dreams. More like the pursuit of clouds and taxing the rich.  Of course, taxing the rich doesn’t cover the additional cost of these 3 programs.

 

[Author]

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