Saturday, 23 November 2024

JOHN MAC GHLIONN: Kamala Harris is the enemy of middle class America


Only a fool would vote for Kamala Harris.

Kamala Harris is synonymous with many things—few of them good.

Her biggest donor is Alphabet, the parent company of Google, notorious for its invasive surveillance, data manipulation, and disregard for privacy. Her close ties to such corporate giants reveal a politician whose allegiance lies with powerful entities rather than the American people she professes to champion. 

Harris often reminds us, “Look, I grew up in a middle-class family,” as if that absolves her of the alliances she’s forged. But as the old adage warns, judge someone by the company they keep.

And the company (or companies) she keeps is nothing short of troubling.

You see, Harris’s alliances don’t stop at Google. Her connection to BlackRock, another titan with a similarly troubling history, raises even more red flags.

In truth, both she and Joe Biden are in bed with BlackRock. They have been for years. BlackRock’s vast financial influence shapes political decisions, controls markets, and prioritizes profit over the well-being of everyday Americans. Harris’s ties to BlackRock expose her pledge to build an "opportunity economy" as nothing more than a load of hot air.

Up until recently, Harris’s key economic strategists were Mike Pyle and Brian Deese. Pyle, now back at BlackRock as the deputy head of its $3.2 trillion portfolio management group, had been advising Harris’s presidential campaign since Biden’s withdrawal from the Democratic ticket. Before aligning with Harris, Pyle served as Biden’s Deputy National Security Advisor for International Economics, acting as a crucial liaison at G7 and G20 summits—effectively granting BlackRock a direct channel to shape global economic policy.

Meanwhile, Deese, formerly BlackRock’s Global Head of Sustainable Investing, continues to serve as a principal economic and political advisor to Harris, solidifying the firm’s ongoing influence over her economic agenda.

Similarly, Adewale "Wally" Adeyemo, now serving as the Deputy Secretary of the Treasury, was once the right-hand man of Larry Fink, BlackRock’s powerful CEO and co-founder. Fink, often regarded as the most influential figure on Wall Street, has turned BlackRock into a global titan with nearly $10 trillion in assets under management. Adeyemo, during his time at BlackRock, was essentially Fink’s Kamala Harris—a loyal deputy tasked with advancing the firm’s public policy strategy and cementing its ties to government decision-makers. Now in his Treasury role, Adeyemo’s reach extends throughout U.S. financial policy, illustrating just how deeply BlackRock’s influences the current administration.

It doesn’t end there. Eric Van Nostrand, another former BlackRock executive, now advises Biden on economic issues related to Russia and Ukraine. Under his watch, BlackRock’s involvement in Ukraine has intensified, advising on reconstruction efforts and funneling investments into critical sectors.

But BlackRock’s shady history suggests this isn’t altruism—it’s opportunism.

Much like its profiteering and plundering during the 2008 financial crisis, the firm is capitalizing on Ukraine’s turmoil. BlackRock’s grip on Kyiv’s policies, including deregulation of urban planning, opens the floodgates for corporate exploitation.
But BlackRock’s reach extends far beyond Ukraine. The Coalition for a Prosperous America has exposed how the firm pours billions into Chinese companies linked to the CCP and PLA, compromising national security and eroding economic sovereignty. The aforementioned Fink openly praises the efficiency of totalitarian regimes, raising unsettling questions about the firm’s loyalty to American families struggling to make ends meet. Does Kamala care? Not likely. After all, her VP pick also has close ties to China.

BlackRock’s entanglement with the U.S. Military-Industrial Complex adds another layer of concern. Researchers at Corporate Accountability reveal the firm’s investments in defense giants like Lockheed Martin and Raytheon, allowing it to profit handsomely from perpetual war while taxpayers foot the bill.

For all her posturing, Harris, the fabricator extraordinaire, is not here to challenge this system—she’s here to preserve it. She's here to ensure that BlackRock’s aggressive acquisition of entire residential neighborhoods, converting them into rental properties, inflating home prices, and squeezing the middle class continues unabated. Harris’s economic policies, molded by BlackRock officials, would exacerbate the crisis and further erode American democracy.

The investment giant's expansion into the housing market is emblematic of a larger pattern of undermining American prosperity. By acquiring vast numbers of single-family homes and converting them into rental properties, BlackRock and other Wall Street giants are reshaping the American dream into a nightmare of perpetual renting.

The resulting surge in rental prices across states like Florida, Georgia, and Texas disproportionately impacts those already struggling to keep the lights on.

When Harris aligns herself with BlackRock, she ties her future policies to a firm that profits from limiting opportunities for homeownership and widening the gap between the elites and everyone else. Jeffrey Sonnenfeld of Yale highlights that Harris’s ties to Wall Street are even tighter than Biden’s. Think about that for a moment: BlackRock is already orchestrating much of the political playbook. A Harris presidency wouldn’t just blur the line between corporate power and public policy—it would obliterate it.

When she promises to uplift the middle class, it’s nothing more than a boldfaced lie—a skill at which she has proven herself adept.
 
Only a fool would vote for Kamala Harris.

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