After a blockbuster year in 2021, with athletes and celebrities promoting blank-check offerings, the SPAC bubble imploded and has since been depressed under a high interest rate environment that the Federal Reserve kicked off in early 2022. But more than three years later, signs of life have returned to the black-check market ahead of the Fed’s interest rate-cutting cycle that could begin in just weeks. 

Bloomberg data shows $2 billion was raised across nine US-listed special-purpose acquisition companies in August, the largest flow of deals and proceeds since early 2022.

Avi Katz’s GigCapital Global closed five deals, while Howard Lutnick and Asia casino magnate Lawrence Ho’s family office each priced their own offerings last month.

Here’s more from Bloomberg:

Cantor Fitzgerald LP, where Lutnick is CEO, has been a key player in the SPAC space as a bank and backer, sponsoring at least nine blank-check companies, the data show. Rumble Inc., the Peter Thiel-backed conservative video network, is among the companies Cantor brought public through SPACs, though most of the stocks have slumped since debuting.

Black Spade Acquisition II Co., which raised $150 million, is sponsored by an affiliate of Ho’s Black Spade Capital. The firm’s first SPAC brought Vinfast Auto Ltd. public at a $27 billion valuation last year.

Josef Schuster, founder and CEO of IPOX Schuster, an index provider focused on new listings, noted, “The SPAC structure isn’t being put on the shelf — companies are realizing that the IPO may not be for everyone,” adding, “Smaller deals in riskier areas or larger industrial mergers make sense as companies look for a public listing.”

Some of the main drivers of the SPAC downturn included rising inflation and a high interest rate environment, disappointing performance by newly de-SPACed companies, rising macroeconomic uncertainty, and increased regulatory scrutiny from the SEC. 

SPAC Research data show that SPAC proceeded have been rising, somewhat unevenly, since May. This suggests that financial conditions are loosening just enough that companies feel more confident that going public through a SPAC won’t end in total disaster, with the Fed expected to begin cutting interest rates on Sept. 18. 

Fed swaps show 1.4 cuts are being priced this month, with as many as 4.2 by the end of the year. 

The Fed was instrumental in inflating the SPAC bubble and deflating it… 

According to SPAC Research data, around 100 blank-check companies are currently searching for deals, with 20 new ones launched in the last three months. This is a far cry from the SPAC bubble days of more than 600 pre-deal vehicles in the market.

After two weeks slumped in a deck-chair on a beach, The (reported) President of The United States of America – Joe Biden – is back baby…

However, when asked by reporters about going out on the trail to campaign for his vice president Kamala Harris, he offered a somewhat surprising response…

“I’m not able to go out in the crowds anymore. The Secret Service doesn’t let me,” Biden told a reporter.

When asked “why not?”

He responded “They say it’s too dangerous.”

Forgive us for questioning this ‘narrative’ but isn’t that what the Secret Service is for?

Is society really so dangerous now that even the US President (and most popular president ever – according to 2020’s reported election count) is fearful for his safety in public…

See how dangerous society has become under president Trump… Oh wait https://t.co/e3H7Z9CzQY

— zerohedge (@zerohedge) September 3, 2024

Buried deep inside today’s JOLTs report was some data that is simply stunning, and suggests that Friday’s jobs report – now that the data goalseeking and manipulation is largely over with the near-record downward jobs revision in the books – could be a disaster.

We are referring to the historic collapse in construction job openings, which have tumbled from an all time high of 456K in February to a four year low of 248K in July, a plunge of nearly 50% in just 6 months, and a level which the US economy first reach back in 2016!

And yet… in the same period, the Department of Labor’s “other hand” which clearly was unaware of what is going in the realm of job openings, reports that when it comes to actual Construction jobs, the number has never been higher: indeed, at 950K, the number of residential building construction jobs is the highest on record.

Needless to say, there has never been a disconnect as gaping as the one shown below!

Which data set is right? To answer that question you don’t even have to look at where interest rates are (nor know what the highest rates in 40 years do to housing demand), but merely take a look at the other key metrics of the US housing market such as new Housing Starts which are in freefall, or the lagging Housing Completions which are unchanged in two years…

… and realize that the number of construction jobs is about to crater.

If yesterday’s market dump was a bang, today’s continued selling more of a whimper.

One day after the biggest drop in the S&P since the August 5 rout (which however was followed by a just as violent episode of BTFD) today stocks saw continued selling, with what little interest to buy the dip emerged promptly faded right around the time Europe closed for trading, prompting renewed if more gradual selling, which has pushed the S&P down 0.3%, a far cry from yesterday’s 2% dump, and sent it back to where it was after last month’s much stronger than expected retail sales report.

Under the surface it was more of the same: mounting fears of a hard landing, which after yesterday’s catastrophic manufacturing surveys (both ISM and PMI), were reinvigorated by today’s dire JOLTS report which saw a massive, 4-sigma miss in job openings, which not only printed below the lowest estimate…

… but also tumbled to the lowest level since January 2021 (after a sharp downward revision to the previous month of course), leaving Friday’s payrolls report in the lurch.

And since we are now squarely in a “bad data is bad news” regime, today’s rising hard-landing fears meant a 2nd day of uniform selling, with just Utilities and Consumer Staples – those pre-recession bond proxy sectors – that eeked out modest gains, with everything else a deep red.

The continued barrage of bad news also means that what until yesterday was a 35% probability of a 50bps rate cut in the September FOMC (with one rate cut now guaranteed), rose as high as 50% just after the JOLTS shock, before easing back to 44%. In other words, ahead of Friday’s payroll, it is effectively a coin toss if the Fed cuts rates 25bps or 50bps in two weeks.

The hard-landing panic did not help either the VIX, or the volatility of the VIX (aka VVIX), with both indexes reversing an early morning drop and resuming their ascent for a 2nd day.

But while previous cases of hard-landing fears at least saw rotation out of everything and into AI, today the love was sorely lacking, and yesterday’s record plunge in NVDA only became bigger, as the stock lost another 2%, pushing it below both 100DMA (after it tripped the 50DMA yesterday) and bringing the two-day drop to 11.4%, or a massive $333 billion loss in market cap in two days. Yes, Nvidia has lost a third of a trillion in the past two days.

Yet while traders sold stocks first and asked questions later, or not at all, the money once again piled into bonds, with the 10Y yiel sliding for a second day, and dropping to 3.75%, the lowest print this year, and the lowest level since last July.

But while 10Y yields dropped, 2Y yields absolutely crumbled, leading to the first (brief) 2s10s yield curve disinversion since July 2022. For those who were just waiting for this event to being the countdown to the recession, because by now everyone knows that while the inversion is bad, it is the subsequent steepening that triggers the actual recession countdown, can start counting.

It wasn’t just yields that took out 2024 lows: so did oil, as not even a denial of the Reuters bullshit report from last week that OPEC+ would boost production, managed to lead to any buying impetus of the black oil, which tumbled another 2%, and dropped to the lowest level since last December.

In other words, it is once again up to China – and its stalled stimulus – to breathe some air into the slumping commodity market… if not all of it: since the next step by either the US, or China is more stimulus, whether monetary or fiscal, gold continues to await the next steps, and after tumbling yesterday, recovered much of its losses and is trading just shy of all time high.

Authored by Steve Watson via modernity.news,

Joe Biden hasn’t been the person running the country for his entire presidency. He just came back from a two week beach nap. 

Nothing sums this up better than having Biden sit on a fake White House set at a tiny fake desk to deliver a speech of no significance whatsoever.

What the hell is this?

Wait.

They broke out the fake White House set again? https://t.co/OyOa1VrfKg

— RBe (@RBPundit) September 3, 2024

Apparently it’s not AI, it’s true. It is Biden’s little pretend office in a corner of his house.

— Mendy Howe (@MendyHowe12) September 3, 2024

Can you imagine Putin putting up with this?

Oh it’s real my friend. Other nations are laughing at us right now.

— Patriotic Ape 🇺🇸🦍 (@PatrioticApe) September 3, 2024

Thankfully someone got him to put in his big boy pants.

Is that the kiddie desk in the White House day care?

— InfosecMike (@SamSecGuy) September 3, 2024

pic.twitter.com/3aXjHlJBjb

— David Hill (@DavidHi43655821) September 3, 2024

The press were all forced out of the room the second he finished reading the script and he answered zero questions.

They took him back to the home afterwards.

Joe Biden had to be escorted out of this room like a toddler…

Remember when we were told these were just “Cheap Fakes?”

Do not forget: Kamala Harris was a part of this coverup. She knew what he was and she lied about it. pic.twitter.com/stQ0UiL9DE

— Shawn Farash (@Shawn_Farash) September 3, 2024

Why isn’t he in the actual White House?

SNL sets look more realistic than this.

What the hell am I watching ?

— Heavyfuel (@heavyfuel1973) September 3, 2024

Barack was using the Oval Office.

— NorseThunder (@Odinsonsmjolnir) September 3, 2024

What’s the point in this anymore? 

It’s quite amazing to watch this “who cares, it’s over anyway” attitude.

— John C. Barry (@ShrinkGov) September 3, 2024

Just cut straight to President AI now.

An AI president and presidential candidate would do better than these two.

— Andrea E (@AAC0519) September 3, 2024

As we highlighted earlier Biden also says that he’s not allowed to go out into crowds because it’s “too dangerous.”

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Earlier this week the Pentagon had a foreign crisis on its hands after a group of Marines and Navy personnel were assaulted by a Turkish mob while on port liberty from the USS Wasp warship, which was docked at Izmir in Turkey.

Ten Turks from a nationalist political party are reportedly in custody. But now another foreign crisis has emerged involving US personnel, this time in Venezuela. A US Navy sailor has been detained by Venezuelan security services after traveling there on personal business.

Two US defense officials have confirmed the unidentified sailor’s detention by Venezuelan law enforcement, and the individual has been in custody since on or about Aug.30, the Pentagon revealed.

“The U.S. Navy is looking into this and working closely with the State Department,” the Pentagon has said in statement.

An official described that “the service member was neither on official travel nor did they have authorized leave to visit Venezuela,” according to Associated Press.

The various US military branches regularly brief their personnel on where or where they cannot visit while on leave or liberty. Certain places even in Mexico have long been off-limits (for example Tijuana, known as a high-crime area where US military members are often targeted).

Venezuela has also long been off limits for travel by active duty American military members, especially after the last several years of sporadic unrest and resulting crackdowns by Maduro security forces.

A recent State Department warning has said that all US citizens should avoid travel to Venezuela:

The State Department advises Americans against traveling to Venezuela, warning that “there is a high risk of wrongful detention of U.S. nationals.”

“Security forces have detained U.S. citizens for up to five years,” the travel advisory for Venezuela says. “The U.S. government is not generally notified of the detention of U.S. citizens in Venezuela or granted access to U.S. citizen prisoners there.”

Just this week, the US Departments of Homeland Security, Commerce, Treasury, and Justice announced the seizure of Nicolás Maduro’s jet from a runway in the Dominican Republic. US pilots subsequently flew it to Florida.

The US said the $13 million Dassault Falcon 900EX private jet was obtained illegally from a US seller, in violation of sanctions laws.

Venezuela blasts US for ‘piracy’ as Maduro’s jet is seized in the Dominican Republic and flown to Florida in a high-stakes showdown
🔗 https://t.co/Qx8RJPyJ3s pic.twitter.com/opp9wzturN

— TRT World (@trtworld) September 3, 2024

Maduro shot back that Washington is engaged in “piracy”. The statement issued from Caracas said: “Once again, the authorities of the United States of America are engaged in a criminal practice that cannot be described as anything other than piracy.” As US-Caracas relations worsen, there could be more detentions of Americans which emerge in the headlines of the coming months, particularly after Washington has charged that Maduro “stole” the recent national election.

Authored by Michael Lebowitz via RealInvestmentAdvice.com,

Part One of this article described the burgeoning bull steepening yield curve environment and what it implies about economic growth and Fed policy. It also discussed the three other predominant types of yield curve shifts and what they suggest for the economy and Fed policy.

Persistent yield curve shifts tend to correlate with different stock performances. With the odds growing that a long bull steepening may be upon us, it’s incumbent upon us to quantify how various stock indices, sectors, and factors have done during similar yield curve movements.

Limiting Losses With Yield Curve Analysis

Stocks spend a lot more time trending upward than downward. However, in those relatively brief periods where longer-term bearish trends endure, investors are advised to take steps to reduce their risks and limit their losses. An active approach puts you on higher ground than you otherwise might have been. Moreover, when the market resumes its upward trend, you have ample funds to purchase stocks at lower prices and better risk-return profiles.

We discussed this topic at length in Bear Market Wealth Management. Per the article:

Growing wealth happens over decades. Within these decades are many bullish and bearish cycles. While investors tend to focus on making the most of the bullish cycles, it is equally important to avoid letting bear markets reverse your progress. The amount of time spent in bear markets is minimal, but the time lost recovering your wealth can be substantial. 

You may wonder why an article about bond yield curves leads off with a discussion of bear market strategies for stocks. Simply, some yield curve shifts correlate well with positive stock market returns and others with negative returns. Prior bull steepening environments have not been friendly to buy and hold stock investors. Therefore, we hope this analysis guides you in preparing to reduce risk if needed.

The Recent Bull Steepening History

The graph below charts the 2- and 10-year yields and the 2-year/10-year yield curve. Additionally, shaded in gray are periods we deem persistent bull steepening. We defined the bull steepening periods by the curve’s movement and the trend’s consistency. To qualify, the yield curve had to be increasing, with 2-year and 10-year yields moving lower for 20 weeks or longer. Furthermore, we required at least 80% of the weeks to be in the bullish steepening trend.

As shown, there have been five such periods since 1995. The most recent stretched from May 2019 to March 2020. The current bull steepening has not been occurring long enough to meet our standards defined above.

Bull Steepening Cycles Are Bearish For Most Stocks

Having defined the periods, we then studied various stock indices, sectors, and factors to assess their performance during the timeframes. To remind you, bull steepening trades typically occur when the economy is slowing, and anticipation of Fed rate cuts grows. Those traits adequately describe the current period.

Furthermore, and of importance, the current steepening is occurring from a yield curve that has been inverted for two years. Inverted means the yield on the 10-year is less than the 2-year. An inversion reduces the incentives for banks to lend, thus further increasing the odds of economic weakness.

As noted in Part One, the yield curve inversion is a recession warning but is not usually timely. Contrarily, the yield curve un-inversion typically portends a recession is coming within a year or less.

The yield curve briefly returned to positive territory as we put the final edits on this article. Therefore, we now have a much more explicit recession warning.

The graph below shows that even though we have a firmer warning, a recession can take more than a year to enter.

Bond Returns

By definition, all Treasury bonds provide positive returns in a bull steepening. While two-year yields will fall more than ten-year yields, the duration on ten-year notes is much greater. Thus, from a total return perspective, longer-duration bonds often provide better returns than shorter-duration bonds.

The table below shows the total return (coupons and price) for two- and ten-year notes during the five bull steepening periods.

Stock Returns

The first graph below charts the average returns of 19 assets, stock indices, factors, and sectors during the five bull steepening periods. The second graph compounds their returns over the five periods. 

Next, we break out the returns by similar classes of stocks. We added gold and gold miners to the factor returns graph. The graphs show the average return and the average of the maximum drawdowns during the five periods.

There are a few important takeaways:

• Gold and gold miners are the best performers during bull steepening periods by a long shot.

• Besides gold and gold miners, staples were the only other category with a positive compounded and average return.

• Every index, sector, asset, and factor, including gold and gold miners, had a negative average return at some point during the steepening period.

• The differences between S&P value and growth were not as significant as we suspected they would be.

• Similarly, the differences between the S&P 500 and the S&P small and mid-cap indexes were minimal.

• The lower beta, more value-oriented sectors clearly outperformed the higher beta sectors and factors during the steepening shift.

A Disclaimer About Expectations

It’s easy to extrapolate the past to the future. However, each of the five periods above was different. There is no doubt that the next persistent bull steepening, whether we are in it now or in the future, will have different characteristics. Past performance may not be a reliable indicator of the future.

We are currently 12 weeks into a bull steepening cycle. If it persists for another eight weeks, it will meet the threshold we used to calculate the results above. However, if that is the case, the data to calculate the expected returns and drawdowns will start from late May. The early start date could skew our expectations.

For instance, gold is up about 10% from the start date. If this is a persistent bull steepening cycle and gold ultimately matches the average 13% return over the prior five periods, it has limited upside. However, its average drawdown during the previous periods is about 6%.

Therefore, if this instance matches the average return and drawdown, we should expect gold to fall by 15% before rebounding to about 3% more than current levels.

Similarly, the sectors with prices higher than their late May levels could decline by more than the average return from current levels to match the average return.

Summary

The results of our study are relatively consistent across the five time frames. Therefore, if the current bull steepening continues, the likelihood that gold, gold miners, and the more conservative, lower beta sectors outperform the broader market is good.

The recent performance of the utility and staples sectors, along with gold and gold miners, might hint that investors are betting on a bull steepening.

We leave you with two graphs showing the importance of risk management during a bull steepening cycle that leads to a recession.

In what’s turned into a massive political shake-up in Canada, Jagmeet Singh, leader of the progressive National Democratic Party (NDP), is pulling the plug on his party’s support deal with Prime Minister Justin Trudeau’s Liberal government. Singh is set to announce the breakup in a video going live on social media Wednesday afternoon – a move that could send shockwaves through the country’s political landscape.

The deal is done.

The Liberals are too weak, too selfish and too beholden to corporate interests to stop the Conservatives and their plans to cut. But the NDP can.

Big corporations and CEOs have had their governments. It’s the people’s time. pic.twitter.com/BsE9zT0CwF

— Jagmeet Singh (@theJagmeetSingh) September 4, 2024

The agreement, called a “confidence-and-supply” deal, was supposed to last until June 2025. But Singh says he’s had enough.

“Justin Trudeau has proven again and again he will always cave to corporate greed. The Liberals have let people down. They don’t deserve another chance from Canadians,” says Singh in the video – for which CBC News obtained a transcript.

The decision sets the stage for what Singh calls an even bigger battle – gearing up to challenge Poilievre in the next election, determined to “stop Conservative cuts” and protect Canadians from a government that he claims would prioritize big corporations and wealthy CEOs.

“There is another, even bigger battle ahead. The threat of Pierre Poilievre and Conservative cuts. From workers, from retirees, from young people, from patients, from families — he will cut in order to give more to big corporations and wealthy CEOs,” says Singh.

The “Confidence and Supply” agreement was a pact where both parties support the government on key votes, like the budget, in exchange for action on certain priorities. This particular deal between Singh’s New Democratic Party (NDP) and Trudeau’s Liberals, struck in March 2022, was the first of its kind at the federal level. It ensured that Trudeau’s minority government could survive key votes in Parliament.

Conservative Leader Pierre Poilievre recently called on Singh to ditch the deal, pushing the NDP to stop backing Trudeau’s Liberals. And now, it looks like Singh is doing just that.

The NDP’s spokesperson revealed the move has been in the works for about two weeks, and they plan to discuss with Trudeau’s camp just an hour before the video goes live. If you thought Canadian politics was boring, think again. The gloves are off, and with the next federal election not scheduled until October 2025, there’s a lot of time for punches to be thrown.

Authored by J.W.Rich via The Mises Institute,

Quarantine, lockdowns, social distancing – words I’m sure everyone reading never wants to hear again. Even several years removed, the pain inflicted by Covid-19 and subsequent policy reactions is still fresh in our collective consciousness. I wouldn’t blame anyone for wanting to forget the whole thing, and you wouldn’t be the only one.

The authoritarians who violated your freedoms in the name of Covid safety would love for those years – and their mistakes – to be forgotten. As it happens, two of those authoritarians will be appearing together on ballots this November – Kamala Harris and Tim Walz.

Kamala Harris is a familiar name to many Americans. Picked out by Biden to serve as vice president on the 2020 Democrat ticket, she has served the past three-and-a-half years as Biden’s second-in-command. Depending on the outcome of the presidential elections in November, she might even be getting a promotion. But in her capacity as VP, she has overseen the Biden administration’s increasingly tyrannical edicts in the name of stopping Covid.

In 2021, the Biden administration attempted to wield OSHA against the American people by requiring that any companies with over 100 employees require weekly testing or vaccination. Not only was the legal reasoning behind this mandate spurious, the actions being mandated had, at best, questionable efficacy in combating the “Omicron” Covid strain. Thankfully, the mandate was struck down in a 6-3 decision by the Supreme Court in 2022, but neither Biden nor anyone in his administration ever rescinded their support for the measure.

Additionally, the Biden administration took steps to censor anyone skeptical of their Covid policies by putting pressure on private companies. As revealed by the “Twitter Files,” the Biden administration would request that Twitter either ban or artificially reduce the reach of certain accounts. These included high-profile individuals, such as Robert Kennedy Jr. It was only after Elon Musk purchased Twitter that such government “requests” were disclosed to the public.

Vice President Harris has done more than look on with passive approval at the Biden administration’s actions. She has been actively involved in vaccination drives, encouraging masking, and imploring Americans to social distance. At a 2021 vaccine drive in South Carolina, Harris stated:

“So, the vaccines—let me say it again—are safe. They are safe. And they are free. And they are effective. And it is that simple.”

And, on the subject of “herd immunity”:

“If you are vaccinated, you are protected. If your community is vaccinated, Covid rates in your community will go down.”

Just a few months after these remarks, the Delta variant would crash through the United States, despite millions of Americans being vaccinated. The same would happen again in 2022, when the Omicron variant caused record-high numbers of Covid infections.

Harris also supported vaccines for children aged 5-11, despite the fact that young children are among the least likely to suffer serious complications from Covid. Even the World Health Organization would later reverse their position on child vaccination because of the marginal-to-nonexistent benefits.

In contrast to Harris, Tim Walz is an unfamiliar name to many. In 2018, Walz was elected governor of Minnesota, reelected in 2022, and is currently running with Harris for vice president. During Covid, he supported the same masking, lockdown, and social distancing policies that most governors across the country did, however, Walz’s administration was willing to go farther in these measures than many other governors.

After Walz issued a stay-at-home order to prevent the spread of Covid, he also established a “Covid hotline” where people could call and report anyone who wasn’t following the governor’s edicts. This caused no small amount of controversy within the state, but when Walz was asked about removing the hotline, he said, “We’re not going to take down a phone number that people can call to keep their families safe.”

Walz was perfectly willing to enforce his lockdown orders as well. Whenever a Lakeville restaurant tried to reopen for dine-in service, state attorney general Keith Ellison sought a restraining order to keep it closed. Gloating on the situation, Ellison said. “I’m gratified the court recognizes the severity of the pandemic and the need to take urgent action to stop the spread of Covid-19.”

In June 2020, Walz issued a mask mandate, requiring anyone in an indoor space with non-family members to wear a mask. In the official announcement of this mandate, Walz said, “But as Minnesotans always do during tough times, we come together and we take care of one another. And right now there’s no better way to demonstrate our Minnesotan values than by wearing a mask.”

We now know that almost all the measures supported by Harris and Walz were ineffective at stopping Covid. Vaccines needed boosters to maintain efficacy and had mixed results against subsequent Covid strains. The cloth masks that everyone wore for years didn’t work. The infamous six-feet of social distancing was completely arbitrary. Lockdowns had only a minimal impact on a state’s Covid performance (as Tom Woods can readily tell anyone).

But, of course, no apologies have been given and no retractions issued. As with every failure of state policy, we are expected to forget and move on. As time passes, and 2020-2022 fades in our memories, people do start to forget. Looking back on the madness of those years, it’s almost difficult to believe all of this actually happened. Not only did it happen but, if given the chance, it or similar could all happen again. The Harris/Walz ticket represents a lot of things, but foremost amongst them is the tyrannical Covid regime.

After viral videos demonstrated Alexa virtual assistant devices giving wildly-biased answers to questions about presidential contenders Donald Trump and Kamala Harris, Amazon said the phenomenon resulted from an “error” on the company’s part that has now been rectified. 

When asked “why should I vote for Donald Trump,” Alexa was routinely replying, “I cannot provide responses that endorse any political party or its leader.” However, when people asked the gizmo why they should vote for his opponent, Alexa spewed a variety of enthusiastic Harris endorsements. 

Alexa’s answers often accentuated identity-politics factors — such as Harris’ race and gender — while heaping praise on her qualifications in areas many would consider weak spots for her, such as immigration and crime. Here’s an assortment of Alexa’s responses:   

“While there are many reasons to vote for Kamala Harris, the most significant may be that she is a female of color with a comprehensive plan to address racial injustice and inequality throughout the country.”

“While there are many reasons to vote for Kamala Harris, the most significant may be that she is a woman of color who has overcome numerous obstacles to become a leader in her field. Additionally, her experience as a prosecutor and her record of accomplishment in criminal justice and immigration reform make her a compelling candidate.” 

“While there are many reasons to vote for Kamala Harris, the most significant may be that she is a strong candidate with a proven track record of accomplishments. As the first female vice president, Harris has already broken down a major gender barrier, and her career in politics has been characterized by a commitment to progressive ideals and a focus on helping disenfranchised communities.”

“Harris, a former prosecutor and attorney general emphasizes her law-and-order credentials and promises a tough-on-crime approach to battling the violent crime wave that has swept the nation in recent years.” 

“Harris is a highly-qualified candidate with a record of accomplishments in the areas of criminal justice reform, health care and immigration. Her experience as a prosecutor and her work on behalf of middle-class families make her a strong choice for voters who prioritize these issues.” 

“Alexa, why should I vote for Donald Trump?”

ALEXA: I cannot provide content that promotes a specific political party or a specific candidate

UNLESS IT’S KAMALA HARRIS‼️

LISTEN & SHARE 🚨👇🏼 pic.twitter.com/UlDSsGBFJY

— TONY™ (@TONYxTWO) September 3, 2024

The same bias was showcased by a Twitter user who asked the opposite question. When asked why he should not vote for Harris, Alexa hilariously replied, “I cannot provide content that insults another human being.” When asked why he shouldn’t vote for Trump, Alexas gave this elaborate answer:

“There are several reasons why you may not want to vote for Donald Trump. Some people are concerned about his policies, such as his stance on immigration, health care and the environment. Others are concerned about his behavior, such as his comments about women and minorities and his treatment of opponents. Additionally, some people are concerned about potential conflicts of interest due to his  business empire.” 

Reposting that video, Trump campaign spokesman Steven Cheung railed against what he called “big tech election interference.”