And today, by virtually every measure, our economy is the strongest in the world. Still, we know that many Americans don't yet feel that progress in their daily lives. [00:00:16] Costs are still too high. And on a deeper level for too many people, no matter how much they work, it feels so hard to just be able to get ahead. Today, Kamala Harris announced the first set of proposals designed to allay some of those fears or concerns about the state of the economy. [00:00:34] And for a number of those, we don't have a lot of specifics, but we do have some general guidelines and a few specifics that I think are worthy of discussion. Now, the first proposal that she made has to do with fighting price gouging. We're going to delve in greater detail into that a little bit later on the program, but I want to throw out just a few of the, [00:00:52] I guess, the headline versions of this, and then see what the panel thinks about this as a group of proposals. So you have a number of different areas. First, on housing, she's proposing a $25,000 subsidy for first time home buyers, as well as tax credits to incentivize housing construction and policies to [00:01:10] prevent Wall Street investors from buying homes in bulk to resell at a premium. Which sounds like I don't know so much about the subsidy, but those second parts sound like everything that Anna Kasparian has been shouting we need for a number of years now, so I can't wait for her to get back and find out what she thinks about that. [00:01:26] But in addition to that, to control some of the cost of housing, including for people who rent. She's endorsed legislation that would crack down on the use of property management software that has allegedly been used by landlords to fix apartment rent prices, effectively allowing all of the landlords in an area to function almost like [00:01:44] a cartel when it comes to establishing higher rent prices and make sure that nobody breaks that and thus not allowing supply and demand to function as it should. In addition to that, she has proposed helping with the elimination of medical debt for millions of Americans, including by having the federal government buy [00:02:01] up medical debt at pennies on the dollar, a cap on prescription drug costs beyond just the ones that have already been announced, including earlier this week, as well as a general cap on the cost of insulin at $35 for all Americans. That is already the case for some Americans. [00:02:17] Depending on what your insurance is. She wants that to be a general rule for all Americans, as well as bringing back the child tax credit. So not just the child tax credit as it used to exist, but in an enhanced form, including a $6,000 per child to families for the first year of a baby's life. [00:02:35] Which sounds like exactly what people like Donald Trump and Tucker Carlson and Elon Musk and Joe Rogan have been saying, we need we need to people need to have babies. Well, make it a little bit more financially feasible. And then in addition to that super sized first year, generally bringing back the child tax credit for as a continuing thing. [00:02:55] And so this is a lot to put out. At one time we were sort of expecting that she would use maybe her speech at the DNC to announce some policies. Instead, she's going into the DNC with all this, perhaps making it so that speakers throughout the week can sort of focus on and stress some of these policies. [00:03:10] But it's a lot. What do you think? Yes, I want to make comments about how this plays generally in terms of the election in a second, and how this relates to why she wasn't doing interviews, but first bringing it down. I won't go through all of them, just a couple of them. [00:03:25] Preventing Wall Street investors from buying homes in bulk to sell at a resale at a premium. So that one could be awesome if you stop private equity from buying the homes, that'll make by far the biggest difference. But the way that it is phrased makes me very skeptical. Buying homes in bulk, why does it have to be in bulk and reselling at a premium? [00:03:44] Who's going to determine whether it's at a premium? Those look, like, purposely put in loopholes so that they don't actually have to do this. So I'm keeping it real with you guys. Tax incentives are usually the number one thing that pass because, you know, [00:04:00] anything that's perceived as a tax cut as a much better chance of success, partly because rich people will say yes and donors will say yes. Right now it affects people beyond rich folks. And in fact, this could really help in bringing home, [00:04:16] making housing more affordable overall if you apply all of these things. And, and I don't know that I would do all four, you know, but you don't have to worry about that. You'd be lucky to get one of them passed. Okay. So elimination of medical debt for millions of Americans. Well, I got good news for you on that, especially if you old medical debt. [00:04:33] That one is the most likely to pass. Why? That's one of the more expensive ones, etc. Because companies hold that debt and taxpayers would be paying it. So those companies are going to grease every politician in Washington. [00:04:49] Oh yeah. Yeah, this is for the average American. And it is. It is. But this is the type of thing that passes when the Democrats think like, oh, that's good optically, but the donors are still happy. So that's the highest percentage chance, a cap on prescription drug costs. I'll believe it when I see it. [00:05:05] So they've got one drug that they're super happy about, insulin. And that is only for Medicare. They're trying to make it so that it applies to everyone. That okay, good. I'll take it on the one drug they're still bragging about the ten drugs that's coming later in 2026. Good. I'll take it. [00:05:20] But not nearly enough. And she did not propose, to the best of my ability to interpret her language on this, totally negotiating drug prices on all drugs, which, at a minimum, I think that's a rare miss here politically, because, of course, [00:05:36] you should propose that. I mean, I can tell you there's no way they're going to do it, but you lose nothing by proposing it. Oh, a broken promise. That's Democrat 101, right? Let alone Republicans. And in terms of the child tax credit or the $6,000 for your, you know, [00:05:53] first year of a child's life. At most you'll get one of those, but all of these are very, very popular. So now that leads me to my general point, which is well played, really well played. So there's the policy and then there's the politics and the terms of the politics. [00:06:10] This puts Trump and the Republicans on the defensive. So they're having to say, oh no, no, no, we shouldn't do those proposals. And what people hear is we should keep housing prices really high. We should keep drug prices really high. You should be stuck with medical debt. [00:06:26] So when they go to make the counterargument, they're screwed. So whoever's handling strategy here for the Harris Wallace campaign, well tip of the hat. This is good stuff. This is great stuff. And so and I say whoever because theoretically, Jen O'Malley Dillon [00:06:46] is the campaign manager. She was Biden's campaign manager, but I saw her manage a couple of campaigns and she didn't do this. Okay. So I don't know if it's proof that they brought in. ET cetera. But the person who gets the most credit is the person making the decisions, and that's Kamala Harris. So she's made one right decision after another after another. [00:07:02] I honestly, for coming from a Democratic leader, I'm shocked. So this is a great idea overall in politics. And you might even get a couple of policy wins out of it. Hey, don't scroll away, come back, come back. Because before the video continues, we just want to urge you to lend your support to TYT. [00:07:19] You power our honest reporting. You do it at time t.com/team and we love you for it. I'll make it even simpler Jake. Good for them for talking about policy like because now we just saw Trump is talking about name calling and they're talking about policy. [00:07:35] And one of the reasons that Trump can't talk about policy is because their policy really is project 2025, which, you know, they want to take away rights. They want to just, you know, make this a dictatorship. So there's not a lot that they have to offer. And so as you said, they played offense by coming out [00:07:51] and laying all these policy items out. And you're right, it's going to listen. Presidents come all the time. They go, I'm going to make it. So everyone's going to be better off and there's going to be, you know, the country is going to be better in this way and that way and this way and that way. But ultimately, it's not a kingdom. You can't just make that happen. [00:08:09] It's got to go through Congress. Some of these will pass, some of these won't. Some of these will have a hard time. But hopefully some of these things do help. I mean, I'm always shocked at these people that you see in the Trump rallies and some of these rallies that are of lower income that are supporting these, [00:08:29] anti, you know, lower and middle income level, policies. And they just they just believe everything that's said. To your point, the right is going to come out and just say this is communism. They just throw around the word communism, Socialism. [00:08:46] They're trying to make this into Russia. Yeah, they're trying to make this into Russia by helping out people on the bottom half and in the, the lower and middle class. And so good for them. And and you're right, I'd be interested to see how they're going [00:09:01] to turn around and defend. The Republicans are going to defend, you know, not lowering rent or not lowering, drug costs or not lowering, you know, not not extending the child tax credit. I mean, JD Vance even said he wanted to extend extend the child tax credit, [00:09:17] so maybe they'll just say, oh, they're trying to copy us. Like they said when Kamala said, I don't want to tax tips. Trump said that was my idea. So, I mean, if ultimately they get to a point where the right is just going, that was my idea, then. Jeez, now you're basically getting the same, ideas, but from someone who's [00:09:36] a lot more pleasant than, downer Donnie. Well, there's a lot here. As we said, we do need more specifics. There's also a lot of areas of government policy, obviously, that are not included in this. This is sort of focused around costs of things. But, you know, we don't know exactly what our approach to energy will be or climate Ukraine or Gaza, a lot of different areas, infrastructure. [00:09:55] And so we do have to see and we also have to see on all those areas what Donald Trump is going to do. He has said that he'll give us his plans in two weeks. And so I can't wait to find out. Maybe Harris will bring up some of these other areas in her speech. [00:10:10] But for now, we are going to take a break. When we come back, we're going to, as I said, dive into the price gouging part of this. Thanks for watching The Young Turks really appreciate it. Another way to show support is through YouTube memberships. You'll get to interact with us more. There's live chat emojis, badges. [00:10:25] You've got emojis of me Anna John Jr. So those are super fun. But you also get playback of our exclusive member only shows and specials right after they air. So all of that, all you got to do is click that join button right underneath the video. [00:10:41] Thank you.