Steve Forbes, a prominent American executive and publisher, has criticized Kamala Harris's policies, claiming they would adversely affect the middle class.
According to Forbes, Harris’s approach, including significant increases in government spending, could lead to financial strain on the middle class. He highlighted that initiatives such as Medicare for All and the Green New Deal could potentially add up to around $10 trillion in costs annually.
In a recent interview with Fox Business, Forbes expressed concerns about Harris’s policy proposals, including her plans to ban fracking, which he argues could lead to higher energy prices and economic downturns.
Forbes also warned that Harris’s proposed tax hikes and expanded government spending could exacerbate issues within the healthcare system, leading to longer wait times and reduced access to care.
Despite these criticisms, Kamala Harris remains steadfast in her commitment to strengthening the middle class. She has emphasized that her policies are designed to bolster this demographic, asserting that a strong middle class is essential for a robust America.
Additionally, some commentators have pointed to President Biden’s policies as detrimental to the middle class, while crypto advocates argue that pro-crypto policies could enhance financial inclusion, offering a counterpoint to the administration’s stance on digital currencies.
The Federal Reserve is expected to lower interest rates, which could benefit Bitcoin (BTC) and other cryptocurrencies.
Chris Larsen, co-founder of Ripple, has added his name to a distinguished list of business leaders endorsing Vice President Kamala Harris for the 2024 presidential election.
Despite investor hopes, the Federal Reserve is unlikely to implement substantial rate cuts in the near future.
In August, the U.S. job market grew at a slower pace than anticipated, adding 142,000 positions compared to the forecasted 161,000. This figure represents a drop from July’s 89,000 new jobs.