"Free Stuff" Grand Prize Leader Kamala Harris Ahead of Bernie Sanders and Warren

-edited

Kamela Harris is currently in first place in the "Free Stuff" giveaway contest.

Never before have so many politicians promised to spend so much. Among some candidates, the 2020 presidential campaign has turned into a contest to see who can offer the most “free stuff.”

John Stossel, the official arbiter of the much coveted "Free Stuff Blue Ribbon" has Kamala Harris currently in the lead.

So far, Harris is the only candidate topping the $4 trillion mark.

But it's a close race and the numbers are guaranteed to go up. Bernie Sanders is in second place at $3.976 trillion. Elizabeth Warren is a close third at $3.806 trillion.

"Sleepy" Joe Biden is not even in the race. He only seeks an additional $297 billion, not much more than Trump at $267 billion.

The top three, Harris, Sanders, and Warren are duking it out.

Las Vegas odds makers have Sanders and Warren at 4-1 with Harris at 5-1 despite Harris' front runner status. The over-under line is currently $5.3 trillion.

I confess. I made that last paragraph up.

Bookies, are you out there?

Mike "Mish" Shedlock

Comments (48)
No. 1-15
Harry-Ireland
Harry-Ireland

Free healthcare for illegal immigrants? Reparations? Universal basic income? Student debt forgiveness?

But wait...who is supposed to pay for all this free stuff? *it's YOU...you silly taxpaying debtslave!

Country Bob
Country Bob

Its all garbage socialism. The dems have essentially conceded 2020 presidential race already, Trump gets a second term by default.

The USA cannot (is not able to) pay for all the promises already on the books.

Lots of Californians (extremely liberal, did not vote for Trump) and NYC (extremely liberal, did not vote for Trump) have discovered the true costs of all this socialism and they are rebelling or fleeing from their socialist paradise.

Despite having a solid democrat government at the state and local levels, California is known for rampant homelessness, disease, rat infestations, municipalities not paying their bills... and hospitals that are completely overwhelmed every day of every week.

NYC mayor Deblasio is so hated that his own staff told him not to attempt running for president, he would just embarass himself... they were right. Former mayor bloomberg was a democrat most of his life, switched to republican as an election gimmick, governed as a socialist -- and his staffers told him not to run either.

Trump may not be the greatest whatever that he thinks he is (and his free stuff interest rate plan is counter-productive) -- but the incumbent has an advantage even if there was worthy competition. In this case, the dems don't even have a feasible idea never mind an appealing one.

shamrock
shamrock

Does it add in other people's money they give away without it passing through the government first, such as a $15 minimum wage and rent control?

2banana
2banana

A crushing overwhelming Trump landslide is coming in 2020.

The craziness with the democrats has only just begun.

lol
lol

Like all true 3rd world ,bankrupt banana republic's,you have a problem,just print more cash…..problem solved and lets face it,the economy can't really get much crappier than it is right now,so why not go all in or should I say burm in!

Freebees2me
Freebees2me

Where are the 'reparations' for us, dumbass Debtslaves?

Inquiring minds want to know.

numike
numike

Societies in decline have no use for visionaries Anais Nin

numike
numike

Transportation sector slowdowns are a leading indicator of a looming economic recession. Contrary to what the truth-makers on CNBC would have us believe, an economic downturn is approaching. Gold and silver are up and the commodities are getting interesting: http://www.indexq.org/

George_Phillies
George_Phillies

$1000 a month times 330 million Americans times 12 months is almost $4 trillion a year. Forever. Or, fi you rpefer, $40 trillion over ten years. Andrew Yang merits some sort of a prize. "lead dunce?"

Jackula
Jackula

Yeah, but the Fed opened this Pandora's box with QE. Now that the people have wised up about QE making upwards of 80 trillion bucks available to the already wealthy at real interest rates at zero what's a measly 4 trillion per year for the rest of us?

Herkie
Herkie

I could tell you made that last paragraph up Mish, because they do not make book on political races, it is illegal.

But hang on, I thought Sanders promised $16 TRILLION for his green new deal which would strip white males of everything but their skivvies and give it to basically everyone else but especially to non white non males.

"Democratic presidential hopeful Bernie Sanders released a sweeping $16.3 trillion climate plan on Thursday, vowing to create 20 million jobs and completely zero out planet-heating emissions by 2050."

"The proposal outlines easily the most ambitious vision for a Green New Deal to date, with calls to massively expand public ownership of everything from power generation to groceries."

PUBLIC OWNERSHIP (government ownership) of everything. Fuck'n way to go, turn us into the USSA.

"The plan opens with Sanders vowing to slash U.S. emissions 71% below 2017 levels by 2030 with 100% renewable electricity and zero-emissions vehicles. He declares war on the fossil fuel industry with proposed bans on fracking, drilling on public lands and all imports and exports of oil and gas, and threatens companies with civil and criminal charges for pollution and obstructing climate action." Plus hundreds of billions to other countries to get them off of oil.

By 2030 just 9 years after he takes office we will have no more offshore oil, no more oil drilled on public lands, no importation or exportation of oil, and no more fracking even on private land. Do the math, that means he will slash the oil supply by more than 92% in just nine years, so if you were thinking about buying an internal combustion engine vehicle better wait an see he is not elected. You will be stuck with a great new car that you cannot fuel. If he were to be elected gasoline would double before he was sworn in.

Mish, why do you think I changed my voter registration to GOP after voting for democrats since 1975? Because people like the current crop running for office on the left are suicidal stupid. Hey, they might have been good lawyers before they became politicians but they know less than squat about economics or capitalism.

My only problem is that voting GOP means voting for Trump and that really is not a goddamned bit better than voting for the rest of the senile BS running now. Of course Harris is not senile, she just hates the white male establishment, oh and she is none too fond of the military and veterans, especially the white ones with penises.

Realist
Realist

The future is bleak. The US is back to running trillion dollar deficits under Trump after 9 years of 2% growth. The federal debt plus unfunded liabilities are a drag on economic growth going forward. It doesn’t matter much who wins the next election (and I don’t care who wins) as I don’t expect much to change.

Growth will continue to slow towards 1% over the next few years. Deficits will continue to increase. Interest rates will continue to be pushed lower, if possible, much like Japan and Europe. Living standards will continue to decline for many Americans.

As individuals, there is very little you can do to alter the future in any significant way. You can be like many on this site; scream and yell at whoever you think is to blame for America’s problems.

Or you can simply alter your own personal future by constantly improving yourself, and taking advantage of the opportunities that will present themselves to those who are observant and prepared.

This blog serves a purpose. It is an opportunity for Mish to improve his life. He is taking advantage of that opportunity.

Good for Mish.

I like the blog for the economic analysis. The politics; not so much; it’s a waste of time.

Sudo
Sudo

Every one wants to spend and promise. I haven't heard one (1) politician promise to eliminate 1 law that violates the Constitution.

abend237-04
abend237-04

The scary thing is that apparently sane adults sat quietly watching the goat rodeo of giveaways without walking out or hooting them all off the stage.

$1,000 a month sounds like a tidy sum until you go to the grocery store and discover that a loaf of bread now costs $2,000. Mugabe made quadrillionaires out of Zimbabweans. Bernie and the wingnuts would do the same to us.

KidHorn
KidHorn

I have no idea who will win in 2020. It really doesn't matter who the dems nominate. The election will be Trump vs not-Trump. And not-Trump might win.