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. 

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.

Still waiting for someone to ask Kamala Harris about those price controls

"It's only been a month, bro"

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.

 

Democrats profiting off the little guy: Corporate profits at 12% under Bidenflation have been much better than under Trump at 4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dirty little secret about corporate profits: they've been much better after 13 quarters of Biden than they were after 16 quarters of Trump, averaging 4.14% yoy under Trump and 12.13% under Biden.

 

This is a great little arrangement between Democrats and big business. Democrat-aligned business makes off with your cash while politicians pretend to do something about it in exchange for campaign contributions, with the important benefit that inflation inflates away the cost of their spendthrift deficit spending.

The so-called Inflation Reduction Act, which did no such thing and Democrats said would cost nothing, is estimated to cost the taxpayers nearly $800 billion by 2031 according to the liberal Brookings Institution.

This is your fascist America.

 

Shielding price increases by blaming them on inflation has been the modus operandi of the period. Price gouging is real, but gimmicks which address only symptoms won't solve the problem, which is caused by increasing the money supply and deliberately increasing other costs as a matter of policy, like energy and regulation, which businesses also can plausibly blame.

 

But Harris knows the demagogic value of running against price gouging.

 

Price controls poll particularly well. You can fool most of the people most of the time.

 

 

 

 

 

 

It's pretty wild that Kamala Harris gets all tongue-tied over both price and gouging in price-gouging right out of the box

 It's her debut policy. 

She's as terrible at this as the policy is terrible.

Listen.

 

This is the energy today on the site formerly known as Twitter

 

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.

This country is so screwed up that there isn't a single demographic in this poll in which a majority is against government price controls

 The poll is here.

 

Laugh of the Day: What happens to your ad copy when it's proofread by the Chinese

New lightweight cookware "provides price control of the cooking process".

Precisely. Price control is always at the top of my list when I'm trying not to overcook the scrambled eggs.