Amateur Hour in the Biden-Harris White House

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Unleash Prosperity Hotline
Issue #1094
09/03/2024
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1) Amateur Hour in the Biden-Harris White House
Our latest Unleash Prosperity study ([link removed]) has stunning findings about the lack of business experience among key Biden-Harris administration and campaign officials – which explains a lot about their nonsensical economic policies and the expected catastrophic results.

Median number of years of business experience are ZERO:

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The New York Post ([link removed]) has the story ([link removed]) :

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We will spread these findings far. If the Left wins, it's likely that the game of musical chairs would begin and we have the same crew of amateurs steering our economy off a cliff.

The full study is available here ([link removed]) :

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2) $1,000 a Night for Hotel Rooms?

Before the Fed lowers interest rates this month, we would ask the PhD sages in their cloistered temple to pay attention to this weekend's Wall Street Journal headline:

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Admittedly, these are at some of the nation's more upscale chains, not La Quinta or Motel 6 (where your editors stay!). Still, as the WSJ reports, these are the prices for even the LOW-priced rooms:

It used to be that paying $1,000 a night for a room got you a swank suite or primo view with perks. Today, that price might not even get you in the door at some luxury hotels.

And we're not just talking about holiday weekends or big events like Taylor Swift concerts.

Want to check into the Ritz-Carlton New York NoMad the first weekend in October? That'll be $1,300 for a standard room. A room at the Four Seasons Miami Surfside that weekend starts at $1,500--with an advance purchase discount. Prefer a fall weekend in Hawaii? The new 1 Hotel Hanalei Bay on Kauai has rooms as low as $1,110 if you prepay.

The story is another indication that 1) inflation is still with us and 2) much of the gains of this post-pandemic economy have eluded the middle class that politicians say they care so much about.

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3) Global Trade Reduces Poverty and Child Labor Far More than Foreign Aid

Both parties seem to be swerving in a protectionist direction. The Biden-Harris record on trade and tariffs is even worse than Trump's. This terrific chart from the Cato Institute reminds us that global trade over the past several decades has dramatically reduced inequality, child labor, and extreme poverty.

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Meanwhile, hundreds of billions of dollars of foreign aid programs mostly run by leftists have had virtually no impact in raising living standards in poor nations and have only spawned welfare dependency.

If Americans care about helping billions of poor people in poor countries, then we should shift to a Reaganite paradigm of Trade Not Aid.

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4) Vanguard Claims a Perfect 0% ESG Score in 2024

We'll let you know if our analysis agrees when we conduct next year's scorecard. But it's powerful evidence that our efforts to force investment managers to stop using other people's money to pursue left-wing politics, that a 0% ESG score is worth bragging about.

Accountability works.

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This comes on the heels of a report that Blackrock, which was a few years ago a leader of the ESG movement only voted for four percent of these measures last year.

Our report cards on ESG ([link removed]) investing are further evidence that when you apply the heat they see the light.

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5) Democrats Have Left Chicago, Now the Grim Reality Returns
The Democratic convention has left Chicago with most of the delegates successfully shielded from its myriad problems, by the bubble city officials built around them.

But Chicago residents who remain behind have already been reminded of the city's ongoing crisis mentality. Just days after delegates flew home, Mayor Brandon Johnson announced the city faces a nearly $1 billion deficit next year.

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As for crime, four people were killed over the weekend ([link removed]) in one incident at a single Chicago Transit Authority stop in Forest Park and somebody shot up a downtown Starbucks ([link removed]) .

How bad is the violence in Chicago? As a city of 2.6 million people, the Windy City had 1,553 shooting incidents ([link removed]) from January to late August of this year.

By comparison, New York City – with 8.4 million people – reported 594 shooting incidents so far this year. That means New York (with three times the population of Chicago) has had only 38 percent of the number of shooting incidents! And, of course, most of the victims were minorities.

The DNC may have found the "politics of joy" in nominating Kamala in Chicago. But for the people who live there, it must have seemed they were looking at a Potemkin Village concealing a rotting reality.

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6) The Left Vows to Make America Great Again

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