Breitbart Business Digest: Nobel Laureates Back Kamala, But Voters Trust Trump to Fix the Economy


Trump’s Economic Revolution vs. Harris’s Elitist Rearguard

William F. Buckley famously said he’d rather trust the government of the United States to the first 400 names in the Boston phone book than the faculty of Harvard University.

That sentiment was brought to mind by the arrival, just two weeks ahead of the presidential election, of a letter from 23 Nobel prize-winning economists backing the policies and candidacy of Kamala Harris. The illustrious group represents more than half of the living U.S. recipients of the Nobel Prize for economics, according to CNN.

“While each of us has different views on the particulars of various economic policies, we believe that, overall, Harris’ economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic agenda of Donald Trump,” the letter said.

The American people, of course, overwhelmingly disagree. As we detailed earlier this week, most polls show that Donald Trump is very strongly favored over Harris on economic issues. The past couple of days have seen even more polls affirming this.

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Trump Is Preferred on Taxes, Small Business, and Tariffs

CNBC’s All America Economic Survey found that Trump leads Harris by a margin of 42 percent to 24 percent on the question of which candidate would make them better off financially. Trump has actually gained ground on this question since it was asked in the March survey, when 39 percent said they’d be better off if Trump won, and 23 percent said they’d be better off with Joe Biden.

The numbers are not much different when confined to the battleground states, where 44 percent chose Trump and 29 percent chose Harris.

The survey also asked who would be better as “strengthening the economy in your community.“ Forty-six percent chose Trump and 38 percent chose Harris. In the battleground states, Trump gets 49 percent of registered voters and Harris 41 percent. (Interestingly, eight percent of voters nationally say neither would be good for the local economy but only four percent of battleground state voters agree. Nationally, four percent say they aren’t sure and in battleground states two percent aren’t sure.)

On business taxes, Trump is up eight points nationally, with 47 percent support to Kamala’s 38 percent. In battleground states, Trump is even further ahead, at 52 percent to Kamala’s 38 percent. On helping small business, the numbers are basically the same. Nationally 47 percent say Trump would be better and 38 percent say Harris would be. In battleground states, Trump gets the same share, and Harris gets 39 percent.

On individual taxes, Trump is also dominant nationally but not as far ahead in the battlegrounds. In the national poll, Trump leads with 48 percent saying he would be better on the issue of personal taxes, and 38 percent saying Harris would be. In the battleground states, Trump is only ahead by three percentage points, 45 percent to 43 percent.

Perhaps the most entertaining part of the CNBC poll, however, is the question on tariffs. Harris has made decrying Trump’s tariff proposals a major focus of her campaign, misleadingly claiming that they would be a “national sales tax.” And it was the only policy singled out by those economic grandees in their letter. “His policies, including high tariffs even on goods from our friends and allies and regressive tax cuts for corporations and individuals, will lead to higher prices, larger deficits, and greater inequality,” they wrote.

So how do American voters feel about tariffs? Nationally, 54 percent say they think Trump will do a better job on “dealing with tariffs on goods from other countries.“ Harris gets support from just 32 percent of voters. In the battlegrounds, it’s only a little tighter, with Trump at 50 percent and Harris at 38 percent.

Inflation Is Still the Top Issue

The latest Economist/YouGov polling tells a similar story. It found that just 34 percent said the economy would get better if Harris was elected, and 43 percent said it would get worse. For Trump, 44 percent said the economy would get better, and 38 percent said it would get worse.

That poll also finds that inflation is the top issue for voters, with 25 percent naming it as their most important. After that is immigration, at 13 percent, and jobs and the economy, at 11 percent. When asked who will be better on inflation, 46 percent of voters say Trump will be, and 39 percent say Harris will be. On “jobs and the economy, Trump is ahead with 45 percent to Harris’s 40 percent.

According to CNBC’s poll, which also found that inflation is the top issue, voters who say inflation and the cost of living and the economy overall are the top issues favor Trump by 13 points.

“Even as the data show inflation has theoretically been slowing down, it has become more important in people’s minds over the course of the last three quarters, not less important,” Jay Campbell, partner at Hart Research, the Democratic pollster for the survey, told CNBC.

The Financial Times polling had shown Harris was ahead in the economy—making it one of the only polls finding that result. (We discussed a similar finding by the Associated Press’s poll earlier this week.) But now Trump has taken the lead in that poll, even if only slightly. Trump now gets 44 percent versus Harris’s 43 percent. A month ago, Trump had 41 percent, and Harris 42 percent in that poll.

The FT poll also shows Trump expanding his lead among voters on the critical question of financial well-being. Forty-five percent of respondents now believe they would be better off financially under Trump’s leadership, a gain of five points compared to the previous month. In contrast, 37 percent favor Harris on this issue.

When it comes to the economy, Harris may have the Nobel laureates in her corner, but Trump’s got the American people.

Originally Posted At www.breitbart.com


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    Chinese Agent Who Tried To Bribe IRS Against Shen Yun Sentenced To 20 Months in Prison

    Chinese Agent Who Tried To Bribe IRS Against Shen Yun Sentenced To 20 Months in Prison

    Authored by Eva Fu and Cara Ding via The Epoch Times (emphasis ours),

    A Chinese agent who tried to bribe the IRS and manipulate the agency into advancing Beijing’s transnational repression of a U.S. nonprofit has received a 20-month prison sentence.

    U.S. District Court for the Southern District of New York in White Plains on Jov. 19, 2024. Cara Ding/The Epoch Times

    U.S. citizen John Chen, 72, was a principal actor in a $50,000 bribery scheme under the direction of a Chinese intelligence official to revoke the nonprofit status of New York-based Shen Yun Performing Arts.

    Shen Yun has long been on the Chinese regime’s target list. Founded in 2006, the company tours around the world to display the ancient Chinese culture that prevailed before the communist takeover of China, while highlighting the human rights abuses under the regime’s rule. It has often drawn attention to the ongoing persecution of the meditation group Falun Gong.

    Chen pleaded guilty in July after reaching a plea deal with prosecutors. He has spent the 16 months since his arrest in May 2023 in detention, and he will spend another four months in federal custody.

    He will also forfeit $50,000 and face three years of supervised release after serving the full prison term.

    For several months in 2023, Chen had been trying to move a fraudulent whistleblower complaint to help the Chinese Communist Party “topple” Falun Gong, according to court documents. Prosecutors said the whistleblower complaint was “facially deficient” and invoked propaganda rhetoric typical of Chinese authorities.

    During those conversations, Chen emphasized that Chinese leadership was “very generous” in financial support for the plan, according to the court filing.

    “After this-this-this thing is done,” the court document quoted Chen as saying, “reward for work will surely be given at that time.”

    Chen and another co-conspirator, Lin Feng, who served 16 months of detention, paid $5,000 cash bribes to an undercover agent posing as an IRS agent. They promised an additional $50,000 for opening an investigation along with 60 percent of any awards from the complaint if it went through.

    It was “a significant bribe,” Assistant U.S. Attorney Michael Lockard said at the sentencing hearing. He noted that the undercover officer didn’t specify an amount.

    John Chen (L) poses for a photo at an event celebrating the 70th anniversary of Chinese communist rule in Beijing in 2019. Department of Justice

    “The defendant chose the amount,” he said.

    Both Chen and Lin had traveled to Orange County in upstate New York, where Shen Yun is based, to surveil Falun Gong practitioners there, according to a court filing.

    Damian Williams, the U.S. attorney for the Southern District of New York, said the sentencing was a reminder that “the U.S. justice system will hold accountable those who attempt to engage in malicious transnational repression on American soil.”

    “John Chen aligned himself with the PRC government and its goals to harass and intimidate the Falun Gong, a long-standing target of PRC repression. In doing so, Chen boldly attempted to bribe an individual he believed to be an IRS agent to corrupt the administration of the U.S. tax code and pervert the IRS whistleblower program,” he said in a statement on Nov. 19. “This Office will not tolerate efforts like this to repress free speech by targeting critics of the PRC in the United States.”

    U.S. Attorney for the Southern District of New York Damian Williams addresses the media in New York City on Nov. 2, 2023. David Dee Delgado/Getty Images

    Both Chen’s son and his lawyer declined to comment after walking out of the courtroom.

    While Chen’s son, three China-based siblings, two ex-wives, and fiancée have all written letters asking for leniency and describing him as a man who loves the United States, the prosecutors disagreed.

    In a Nov. 5 memo, they argued that a 30-month prison sentence—the longest under the sentencing guideline—would be appropriate because of the seriousness of the case and the need to deter criminal conduct, “particularly in cases of a foreign power’s repression of a disfavored group within the borders of the United States.”

    “The defendant has no mitigating motives or external factors justifying his offense,” the prosecutors wrote, noting that Chen was “not motivated by poverty” and that there was no evidence of Chinese officials’ pressure.

    The curtain call for Shen Yun Performing Arts at the David H. Koch Theater at Lincoln Center in New York City on Jan 11, 2015. Larry Dai/Epoch Times

    Prosecutors noted that Chen had repeatedly referred to Chinese officials as his “friends” and that during the bribery scheme, he “called them ‘blood brothers,’ and described how ‘we’—Chen and his PRC Government friends—‘started this fight’ against the founder of the Falun Gong ‘twenty, thirty years ago.’”

    The memo displayed photos obtained from Chen’s electronic devices and online accounts showing him at a major military parade in Beijing celebrating the 70th anniversary of Chinese communist rule in 2019. Another photo showed Chen shaking hands with communist leader Xi Jinping.

    “Chen was extraordinarily proud of his history with the PRC Government and, in particular, his meeting with Xi,” the memo states, citing a recorded call in which he bragged that he had “climbed, climbed, climbed to this position,” and that “Uncle Xi” met him “three times in 10 years.”

    Chen had also featured those three meetings, along with a photo, in a 2020 digital rĂŠsumĂŠ, according to the memo.

    Chen was aligned with the Chinese authorities in suppressing Falun Gong and “acted as a full-fledged and enthusiastic participant in the crimes,” the prosecutors said.

    “It was his fight,” Lockard said at the sentencing hearing, adding that Chen had tried to use the freedoms he enjoyed in the United States to undermine the country.

    Tyler Durden
    Thu, 11/21/2024 – 23:25

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