• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Kamala Harris’ big night helps Democrats reverse their fortunes

by August 23, 2024
written by August 23, 2024

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 comment
0
FacebookTwitterPinterestEmail

previous post
Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
next post
White House lawyers who advised Reagan, Bush endorse Harris over Trump in 2024 showdown

related articles

DOJ busts ‘Greggy’s Cult’ child exploitation network that...

December 3, 2025

Trump doubles down on voiding Biden autopen actions,...

December 3, 2025

Hegseth erupts over WaPo ‘fake stories’, vows to...

December 3, 2025

GOP fractures over Hegseth’s ‘double-tap’ Caribbean strike as...

December 2, 2025

Trump lays out where he stands with Elon...

December 2, 2025

Hegseth erupts over WaPo ‘fake stories’ smear, vows...

December 2, 2025

Taxpayers on the hook for lawn care, fixing...

December 2, 2025

Putin warns Russia ‘ready’ if Europe ‘suddenly wants...

December 2, 2025

Rosie O’Donnell says daughter blames Trump for forcing...

December 2, 2025

Experts dispute Nigerian government’s claims amid congressional probe...

December 2, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Liz Cheney bashes Trump in new key battleground Harris ad as election hits final sprint

    October 29, 2024
  • Chair Jordan demands answers from dozens of major companies tied to shadowy ‘collusive’ ad group

    August 5, 2024
  • FTSE All-Share Index Live: Tech Companies Extend Gains

    July 29, 2024
  • 5 more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • Long USTEC: bullish momentum expected with key support at trend line and investor sector rotation

    July 31, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,938)
  • Investing (634)
  • Stock (958)

Latest Posts

  • White House responds to surge in Christian persecution crisis across sub-Saharan Africa

    August 10, 2025
  • CleanSpark (CLSK) Stock: Soaring High, Buy or Beware?

    July 17, 2024
  • Trump wants to visit China again after he takes office: report

    January 19, 2025

Recent Posts

  • Musk’s brain implant company filed as a ‘disadvantaged business’

    July 19, 2025
  • Hegseth delivers stern warning to China in first call after Xi’s military parade

    September 10, 2025
  • Trump designates Nigeria as ‘country of particular concern’ over widespread Christian persecution, killings

    October 31, 2025

Editor’s Pick

  • Rush orders, cut costs, crossed fingers: How small businesses are preparing for tariffs

    December 2, 2024
  • Biden admin outlaws Palestinian organization for funding terrorism: ‘Sham charity’

    October 16, 2024
  • USDCAD and USDCNH: The USDCAD is taking a step back

    September 5, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock