Polling expert Nate Silver declared this is the closest election he’s ever seen.
Both campaigns searched around for the one edge that will hand them victory in November.
But a Fox News star shook his head in disbelief at this election gift that dropped in Kamala Harris’ lap.
Fox News host Larry Kudlow slams politically motivated rate cut
Kamala Harris’ trillions in socialist spending ignited the worst inflation crisis in 40 years.
Prices soared more than 40 percent, and Americans struggled to afford buying homes as the Federal Reserve raising interest rates to combat Kamala Harris’ inflation saw mortgage rates jump up 200 percent.
That’s why every poll shows Donald Trump leading Kamala Harris on the economy, which every poll also shows is the number one issue to voters.
Federal Reserve Chairman Jay Powell raced to Kamala Harris’ rescue with a 50 point rate cut that a Fed statement explained was justified by the fact that the fight against inflation is over.
“The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance,” a Fed statement read.
The rate cut served as a boon on two fronts.
First, it will provide a jolt to the economy as lower interest rates means cheaper borrowing, which opens the door for more consumer spending and thus economic growth in the home stretch of the election.
Second, it hands Kamala Harris a false talking point that the fight against inflation is over.
Fox Business host Larry Kudlow slammed Powell’s rate cut as election meddling and a “gift.”
“So day after Fed Chairman Jay Powell sent Kamala Harris a 50 basis point election gift and completely contradicted himself on the economy. Whatever. The stock market roared. Okay,” Kudlow stated.
Kudlow praises Trump’s economic record
Kudlow told viewers that no matter how Powell tried to rig the economy to make Kamala Harris look good, there was no getting around the fact that Donald Trump’s policies created an economic boom.
“No matter how political that Chairman Jay Powell may be with his 50 basis point selection gift to Kamala Harris, the person who helped the American economy the most was Donald Trump during the pre-pandemic first three years of his administration,” Kudlow began.
Kudlow explained that Americans’ take home pay grew faster under Donald Trump than under Joe Biden.
“New census numbers show real median income growth during Mr. Trump’s pre-pandemic first three years compared to Joe Biden’s overall take-home pay for typical families increased more than five times as much under Mr. Trump than under Biden, up $6,000.40 for Trump versus just 1050 bucks under Biden-Harris,” Kudlow stated.
That’s because Donald Trump sealed the border and clamped down on the flow of illegal immigrants into America.
Cutting taxes while restricting cheap labor tightened the market and led to higher wages.
Kamala Harris’ open borders and inflation undid that progress.
