<p style="font-weight: 400;">On Tuesday night at the vice presidential debate, GOP vice presidential candidate JD Vance contended that the massive influx of illegal immigrants was causing housing prices to rise. When moderator Margaret Brennan challenged his assertion, he replied that after the debate, he would publish remarks from the Federal Reserve Board that supported his contention, which he did only hours after the debate ended.</p>
<p style="font-weight: 400;">Speaking on the issue, Vance stated at the debate, “We do want to blame Kamala Harris for letting in millions of illegal aliens into this country, which does drive up costs, Tim. Twenty-five million illegal aliens competing with Americans for scarce homes is one of the most significant drivers of home prices in the country. It&#8217;s why we have massive increases in home prices that have happened right alongside massive increases in illegal alien, alien populations under Kamala Harris&#8217;s leadership. &#8230;We have a lot of Americans that need homes. We should be kicking out illegal immigrants who are competing for those homes, and we should be building more homes for the American citizens who deserve to be here.”</p>
<p style="font-weight: 400;">Brennan then interjected, “But, Senator, on that point, I&#8217;d like for you to clarify. There are many contributing factors to high housing costs. What evidence do you have that migrants are part of this problem?”</p>
<p style="font-weight: 400;">“Well, there&#8217;s a Federal Reserve study that we&#8217;re happy to share after the debate,” Vance replied. “We&#8217;ll put it up on social media. Actually, that really drills down on the connection between increased levels of migration, especially illegal immigration, and higher housing prices. Now, of course, Margaret, that&#8217;s not the entire driver of higher housing prices. It&#8217;s also the regulatory regime of Kamala Harris. Look, we are a country of builders. We&#8217;re a country of doers. We&#8217;re a country of explorers. But we increasingly have a Federal administration that makes it harder to develop our resources, makes it harder to build things, and wants to throw people in jail for not doing everything exactly as Kamala Harris says that they have to do. And what that means is that you have a lot of people who would love to build homes who aren&#8217;t able to build homes.&#8221;</p>
<p><b><a href="https://www.amiracist.com/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.amiracist.com/&amp;source=gmail&amp;ust=1726313279401000&amp;usg=AOvVaw115_qPFFEePDP86-Fvo-Vd">Am I Racist? Is In Theaters NOW — Get Your Tickets Here!</a></b></p>
<p style="font-weight: 400;">A few hours later, Vance published remarks from Michelle W. Bowman, who has served as a member of the Federal Reserve Board of Governors since 2018 and <a href="https://www.federalreserve.gov/newsevents/speech/bowman20240503a.htm" target="_blank" rel="noopener">spoke</a> at the Massachusetts Bankers Association Annual Convention in Key Biscayne, Florida, on May 3. Vance wrote on X, “As promised earlier tonight, here is Michelle Bowman of the Federal Reserve Board of Governors.” Bowman stated:</p>
<blockquote>
<p style="font-weight: 400;"><em>There is a risk that strong consumer demand for services, increased immigration, and continued labor market tightness could lead to persistently high core services inflation. Given the current low inventory of affordable housing, the inflow of new immigrants to some geographic areas could result in upward pressure on rents, as additional housing supply may take time to materialize. Wage growth has remained at an elevated rate of between 4 and 5 percent, still higher than the pace consistent with our 2 percent inflation goal given trend productivity growth.</em></p>
</blockquote>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">As promised earlier tonight, here is Michelle Bowman of the Federal Reserve Board of Governors:</p>
<p>&quot;Given the current low inventory of affordable housing, the inflow of new immigrants to some geographic areas could result in upward pressure on rents.&quot;<a href="https://t.co/dfO0wFmyPs">https://t.co/dfO0wFmyPs</a> <a href="https://t.co/KfDjPaZC7G">pic.twitter.com/KfDjPaZC7G</a></p>
<p>&mdash; JD Vance (@JDVance) <a href="https://twitter.com/JDVance/status/1841338114897293712?ref_src=twsrc%5Etfw">October 2, 2024</a></p></blockquote>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Vance Follows Up Debate With Receipts On X: ‘As Promised’

CONTINUE READING

Trump Wants More Muslim Nations To Join Abraham Accords — Even Iran

400K Indy 500 Fans Fall Silent For ‘Taps’ Before Record-Breaking Finish

Hegseth’s Challenge To West Point Cadets Will Bring Patriots To Their Feet

Ultimate Betrayal: NY Jewish Dem Grovels To Anti-Israel Radicals To Buy An Election

What Happens When Your Therapist, Friend, And Ego Booster Become The Same Thing

Jeff Bezos Humiliates NYC’s Socialist Mayor

News

Debate

Elections

Housing

Illegal Immigration

JD Vance

Margaret Brennan

Politics

Tim Walz

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Vance Follows Up Debate With Receipts On X: ‘As Promised’