Biden's Back To Vote-Buying And Pandering, Like The Marxist He Is…Wants To Enact Rent Price Controls

Posted • July 16, 2024: Ever since the June 27 CNN presidential debate, the news cycle has been about President Joe Biden and whether he should be replaced as the Democrat nominee for 2024. Biden should be thankful that the assassination attempt on Donald Trump got him out of the news cycle for a bit. Biden still appeared addled in an interview with NBC News' Lester Holt, where he repeated the "very fine people" and "bloodbath" hoaxes. Besides being senile, Biden has the obstacle of not having any policy to sell. "Bidenomics" is "Bidenflation," no matter what they try to tell you. The Friday before Trump was shot, Biden did an interview with Complex where he repeated the lie that he inherited a 9 percent inflation rate when he was inducted. So how do you sell Biden aside from fear-mongering about the end of democracy? Here's an idea: rent controls.

Walter Bloomberg had the scoop Monday: BIDEN WILL ANNOUNCE PLAN TO CAP RENTS AT 5% NATIONWIDE, SOURCES SAY. -- As he did at the debate, Biden suggests that the White House has endorsed rent control for apartments. The White House has done this for a tiny slice of housing units. A reasonable viewer to this would assume he was endorsing universal caps on rent increase. Biden WILL announce plan to cap rents at 5% nationwide, sources say. Would strip tax benefit from corporate landlords who dont comply. Plan, which likely requires D control of Congress, comes as Biden emphasizes populist econ ideas after debate. And Biden did indeed announce his plan to cap rents. -- President Biden @POTUS: “I’m sending a clear message to corporate landlords: If you raise rents more than 5%, you should lose valuable tax breaks. Families deserve housing that’s affordable – it's part of the American dream.”

Rent control is a failure everywhere it's tried. It inevitably drives up the cost of housing. It's a failed socialist way of thinking and proposing proves your thinking is 50 years behind the times. Assar Lindbeck, the late Swedish socialist who chaired the committee that awarded the Nobel Prize, famously said: "In many cases rent control appears to be the most efficient technique presently known to destroy a city–except for bombing." -- Is this Biden's newest attempt to buy votes after "canceling" student loans? Price controls don't work, this includes rent control. Even Paul Krugman has gotten this correct historically. If you want to address affordable housing, instead of punishing + ineffective disincentives, why not create incentives or remove barriers to building more housing? You just imported 10-20 million illegals causing a housing shortage. That’s why rents are so high. Simple supply vs demand.

We recently did a post on Springfield, Ohio, population 60,000, trying to build housing for 20,000 Haitian illegal immigrants. -- This post was created by 20 year olds on his social team and does not actually represent the opinion or thoughts of the eldery man being held hostage. The staffer who wrote this post is dumb AF. Biden told the NAACP convention that he's going to cap rent raises to $55, not 5 percent. The NAACP Convention breaks into applause after Joe Biden just announces he is going to cap raises of rent to $55. That of course is not remotely true… (…)

Twitchy: Ohio Town of 60,000 Asks for Help Housing 20,000 Haitian Illegal Immigrants
https://twitchy.com/brettt/2024/07/13/ohio-town-of-60000-asks-for-help-housing-20000-haitian-illegal-immigrants-n2398317
• More at: Twitchy - Biden Wants to Cap Corporate Rent Increases at 5 Percent
https://twitchy.com/brettt/2024/07/16/biden-wants-to-cap-rent-increases-at-5-percent-n2398441