Tuesday, May 13, 2025
Monday, May 12, 2025
Sunday, September 29, 2024
Kamala Harris releases 82-page economic plan, CNBC's 40-plus paragraph article says her anti-price-gouging plan is still unclear lol
Kamala Harris wants to take on price gouging. It’s hard to find agreement on what it even is
As she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters’ grocery costs.
The vice president first teased the federal ban in mid-August, prompting former President Donald Trump to attack the plan as “Soviet-style” price controls. Although Harris released more detail Wednesday as part of her 82-page economic plan, it’s still unclear what price hikes her administration would see as illegal “price gouging.”
“The bill will set rules of the road to make clear that big corporations can’t unfairly exploit consumers during times of crisis to run up excessive corporate profits on food and groceries,” the Harris-Walz campaign wrote in the policy pitch, released about six weeks before Election Day. ...
Still, Harris would face a tough road to passing any price-gouging legislation in Congress, and it’s still not clear how cracking down on price increases would work in practice.
More vague generalities. That's all she's got, folks.
Thursday, September 26, 2024
Kamala Harris dodges price controls question, Democrat hack Stephanie Ruhle is just fine with that
Stephanie Ruhle is the Democrat hack who was a cheerleader for the orgy of pandemic spending, which Biden's economic adviser Jared Bernstein (who famously can't explain the fiat money system) thanked her for, and who once opined that it was good enough for Kamala to say bread costs 50% more because that proves she's not avoiding the issue.
Sunday, September 22, 2024
Wednesday, September 11, 2024
Did you notice how not one word was said in last night's Trump-Harris debate about Kamala Harris' price controls proposal to combat inflation?
ABC's debate moderators made sure NOT to go there, no sir. And they completely avoided making Harris defend her inflation record as Biden's VP and instead joined the attack on Trump, fact-checking him multiple times but not her. Trump had to debate three people.
It was a disgraceful spectacle which he should have known better than to join.
At least Trump called her a Marxist at one point, that was good.
Harris for her part continued to push for the gimmicks which WaPo previously called out: $25k down-payment assistance which will only increase housing prices by $25k; $50k tax credits for starting a business, which is notably a lot more than for the everyday folks Democrats say they care about most (how many of those will later declare bankruptcy and pocket the cash?); $6k child tax credit, an idea stolen from J. D. Vance and bid-up just like student-loan forgiveness in order to buy votes.
It's all just marginal stuff which treats the symptoms and not the causes.
She is not a serious candidate.
Monday, August 19, 2024
Democrats profiting off the little guy: Corporate profits at 12% under Bidenflation have been much better than under Trump at 4%
Saturday, August 17, 2024
Friday, August 16, 2024
Catherine Rampell at WaPo, who is no friend of the right: It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is, a bunch of communist, economic gibberish
It’s hard to exaggerate how bad this policy is.
It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food.
Supply and demand would no longer determine prices or profit levels.
Far-off Washington bureaucrats would.
The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.
At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.)
At worst, it might accidentally raise prices. ...
If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls. We already have plenty of economic gibberish . . ..
-- WaPo
https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/
Harris is 0-2.
She picked a terrible VP who is as far to the left as she is.
Now her first policy announcement is a throwback to the 5-year plans of the USSR.
Extremely inauspicious.