Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed John D. O’Connor.
There is no doubt that affordability and inflation is the major concern of voters in 2024, and that both presidential candidates recognize this. While Donald Trump does not directly address the issue other than talking of the “black gold” of oil and gas drilling, Kamala Harris had directly taken on prices, suggesting governmental action against food price gougers. She is proposing $25000 subsidies for down payment on houses for first time buyers and tax credits to encourage 3 million new housing starts. While these policies at first blush appear to address the housing cost issue, in fact they will cause dramatic rise in the price of homes. Increased oil drilling, counterintuitively, will lower all prices, including borrowing costs, helping builders to build and buyers to buy, by decreasing interest rates and upward pressure on prices. But will the media intelligently and honestly portray these issues. We fear not, again doing disservice to the body politic.
Kevin Price introduces Price of Business show recurring guest, John D. O’Connor. O’Connor was the famed attorney of Watergate’s “Deep Throat.
According to PostGateBook.com “O’Connor served as an Assistant U.S. Attorney in Northern California from 1974-1979, representing the United States in both criminal and civil cases. Among his interesting assignments have been representation of the government during the OPEC oil embargo of the 1970s; writing Fifth Amendment and “state of mind” briefs for the prosecution in United States v. Patricia Hearst; representing the FDIC, FSLC and RTC during the savings and loan crisis of the late 1980s and early 1990s; representing California Attorney General Dan Lungren in campaign-related litigation; defending R.J. Reynolds Tobacco in significant smoking and health litigation; representing Coach Don Nelson in litigation with Dallas Mavericks owner Mark Cuban; and representing W. Mark Felt regarding the revelation of his identity as Deep Throat.”
