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To investors,
The Presidential debate was a circus last night. Rather than a conversation focused on policies and results, the American people were subjected to a poorly scripted theatrical performance by two candidates who seemed to be focused on scoring internet points.
Anyone with eyes could see that the moderators were biased, Trump took multiple pieces of bait pushing him into an angry rhetoric, and Harris dodged every question about her track record like Mohammed Ali in his prime.
However, my biggest takeaway was not the things said during the debate, but rather the things that were not said.
The American economy is in a precarious position. Inflation currently sits nearly 25% higher than the Fed’s target of 2%. Home affordability is the worst it has been in decades. The national debt is skyrocketing to more than $35 trillion. Over half the country reports living paycheck-to-paycheck and tens of millions of Americans don’t have enough savings to cover a $400 emergency payment.
There are real problems that must be solved.
Neither candidate presented a plan on how to address these issues. There was no promise of getting inflation down, nor a believable plan on how to do it. Both candidates just kept blaming each other for what happened in the past and tried to convince the public “it wasn’t me!”
Not one word was uttered on how to address the structural issues in housing so American families can afford a place to live. Saying housing is unaffordable doesn’t count as a plan, nor does promising to give people free money for down payments, especially since that would make the affordability problem worse.
And in one of the most shocking developments, there were zero mentions of a desire to balance the annual budget. Imagine the United States running a nearly $2 trillion deficit annually, with the national debt accelerating, and the individuals who want to be the next President don’t even mention the issue.
Wait, you don’t have to imagine. That is literally what happened last night.
We can’t solve our problems if we don’t talk about them. And candidates won’t present solutions to the problems unless they believe the American people will change their vote in November based on the economic plans.
Instead of focusing on nonsense like taxing unrealized gains, we need more people asking for specificity on getting inflation down, balancing the budget, dropping the national debt burden, and increasing the quality of life for hard-working Americans.
Many people vote with their wallets. Last night was a missed opportunity for either candidate to present themselves as the economic leader who could get the job done.
Hopefully that changes for the next debate. The American people deserve to know what our next leader plans to do for the US economy. And my guess is the candidate who seizes the moment will capture real momentum going into the November vote.
Hope you all have a great day. I’ll talk to everyone tomorrow.
-Anthony Pompliano
Founder & CEO, Professional Capital Management
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Polina Pompliano, Author of ‘Hidden Genius’ and Founder of The Profile, and Anthony Pompliano, CEO of Professional Capital Management, discuss what is going on with bitcoin, future catalyst, and price outlook into bull market, we break down the OnlyFans business, shocking revenue share breakdown, SpaceX, Starlink, Elon Musk, and predictions for the Presidential debate.
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Anthony & Polina Pompliano Discuss Bitcoin, Presidential Debate, OnlyFans Financials, and Elon Musk’s Starlink
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