Drill Baby Drill
on August 16, 2024, 2:11 pm
However, two things struck me. One, she had great ideas yet didn't say one word of how to get these programs off the ground. Two, the left-wing approach will ultimately be a short-term fix.
Here's a couple of her ideas. First time home buyers will receive $25,000 toward their down payment on a new home. Sounds good. Almost like free college.
The problem? As a builder or seller, my price on the property I'm selling just went up proportionately. So, instead of selling my house for $200,000, I ask $220,000. Afterall, the buyer may be getting free money so why shouldn't I get a piece. Secondly, first time buyers will be most likely by over their head and end up with mortgages like people did in 2007 and we know how that turned out. Nide idea. Bad execution.
Her next attack will be on "price gouging". Actually, she said, "gauging" once. Damn tele-prompter. This is one more step toward government control of free enterprise and one step away from socialism. Won't work here.
Then, she plans to build two million new homes made only available to buyers, not corporations and not for rentals. Another sweet idea.
She didn't elaborate on how to pay for such a generous plan, but you can do the math. Let's just say a new home (modest) can be built for $125,000. Where's the available land? Who pays for the land? As a landowner, I would jack up the worth of that property big time if I knew the government was the buyer. My $35,000 lots just got raised to $45,0000. Again, very generous of her.
Now the bottom line is, Trump does the same thing. Grandios ideas with no meat and potatoes.
Our national debt will soar even higher giving things away. Does it make people prouder to be handed something than if they earn it?
No, these are election pump up ideas meant to stir emotions. And let's not forget the most important stumbling block to her plan. Unless she (or Donald) control both houses, the legislation will stop any of these plans.
Why can't people use facts and common sense to justify a vote as opposed to emotions?
Sorry KH, not buying.
Promises Made, Promises Kept!
Republicans stood, the liberal left wept.
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