Economy
Trump $500B plan for Black Americans to label KKK, Antifa as terrorist organizations

The Republican Party tweeted that President Donald Trump is expected to announce on Friday a plan for Black America that will increase access to the amount of capital in Black communities by $500 billion, designate the Ku Klux Klan (KKK) and Antifa as terrorist organizations, and call for making lynching a federal hate crime.
“For decades, Democrat politicians like Joe Biden have taken Black voters for granted. They made you big promises before every election—and then the moment they got to Washington, they abandoned you and sold you out,” Trump is expected to say on Friday, in information obtained exclusively by Fox News. “The Democrats will always take Black voters for granted until large numbers of Black Americans vote Republican.”
The “Platinum Plan” is what his campaign is calling it, according to the Fox News piece. The details of which are expected to emphasize “opportunity,” “security,” “prosperity,” and “fairness” for Black Americans.
The death of George Floyd, a Black man, at the hands of a Minneapolis police officer on May 25 propelled the issues surrounding race and the criminal justice system back into the national spotlight and sparked massive nationwide, and worldwide, protests and riots this summer. These protests, while mostly peaceful, have seen lots of violence and looting occur by some, whom the president and Attorney General William Barr have said are part of anarchist group Antifa.
He has faced severe criticism for his overall handling of the unrest this summer from both the left and the right. The most infamous incidents of this were when law enforcement used tear gas to clear protesters out of Lafayette Square in front of the White House for Trump to then pose for a picture in front of the nearby church while holding the Bible, and then when camouflaged federal agents arrested violent protesters and pulling them inside unmarked vehicles in Portland, Oregon.
On top of the $500 billion in increased access to capital in Black communities, according to his campaign, the plan will also spur the creation of 500,000 new Black-run businesses and three million new jobs for Black Americans.
Among the many other proposals, the plan will also include a landmark proposal to make Juneteenth a national holiday. Juneteenth commemorates the liberation of the last U.S. slaves on June 19, 1865 by Union forces. The holiday, which has celebrated since the year after their liberation, gained mainstream recognition this summer amidst the renewed focus on issues surrounding racial justice and the criminal justice system.
You can follow Douglas Braff on Twitter @Douglas_P_Braff.

Economy
San Francisco gas-furnace ban will gouge residents and strain vulnerable electric grid

Progressive California is digging itself deeper and deeper into a literal energy crisis. Last week, twenty members of the Air Quality Management District “approved the plan to phase out and ban gas-powered systems that emit nitrogen oxide, or NOx, and that contribute to air pollution. Three board members were absent, and one member abstained” writes National Review.
The ban will phase out the sale of new gas furnaces and water heaters in Northern California. As a result, it will “be costly for residents, will further burden an already stretched electric grid, and will have minimal environmental impact” energy experts and economists told National Review.
“The move is emblematic of California’s approach to energy, which involves ramping up the demand for electricity while gutting the state’s ability to meet its electricity needs,” they said.
Specifically, it is “a regressive policy that’s going to increase costs in a state that is already unaffordable, it’s going to do minimal in terms of reducing [greenhouse-gas] emissions, and it’s going to stress a problem that we already have no plan of addressing, which is [that] our grid is going to be unable to provide reliable electricity,” said Wayne Winegarden, a senior fellow in business and economics at the California-based Pacific Research Institute who is studying the state’s electricity shortfall.
Winegarden said California already has a major housing-affordability problem. “And now we’re going to make it even less affordable,” he said. While there are state and federal incentives and subsidies for people to purchase and install electric heating systems, Winegarden, an economist, called it a “shell game.”
“Subsidies don’t get rid of the costs,” he said. “They just redistribute the costs.”
The board’s vote did not address natural-gas stoves because it doesn’t regulate indoor air pollution, notes National Review. However, earlier this year, the Biden administration’s Consumer Product Safety Commission was considering restrictions, and possibly a ban, on natural-gas stoves.
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