Posted on 08/16/2024 4:41:45 PM PDT by E. Pluribus Unum
Vice President Kamala Harris’s speech Friday was an opportunity to get specific with voters about how a Harris presidency would manage an economy that many feel is not working well for them. Unfortunately, instead of delivering a substantial plan, she squandered the moment on populist gimmicks.
Americans are clearly still anxious and angry about the high cost of groceries, housing and even $5.29 Big Macs. While the inflation rate has cooled substantially since the 2022 peak, an ostensible Biden-Harris administration accomplishment, prices remain elevated relative to the Trump years. So it’s a real political issue for Ms. Harris. One way to handle it might be to level with voters, telling them that inflation spiked in 2021 mainly because the pandemic snarled supply chains, and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it. The vice president instead opted for a less forthright route: Blaming big business. She vowed to go after “price gouging” by grocery stores, landlords, pharmaceutical companies and other supposed corporate perpetrators by having the Federal Trade Commission enforce a vaguely defined “federal ban on price gouging.”
Never mind that many stores are currently slashing prices in response to renewed consumer bargain hunting. Ms. Harris says she’ll target companies that make “excessive” profits, whatever that means. (It’s hard to see how groceries, a notoriously low-margin business, would qualify.) Thankfully, this gambit by Ms. Harris has been met with almost instant skepticism, with many critics citing President Richard M. Nixon’s failed price controls from the 1970s. Whether the Harris proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won’t.
(Excerpt) Read more at washingtonpost.com ...
Point my fingers at the Washington Post Editorial Board and keep screaming, "RAAACIST!!!!"
This from the WaPo ? What’s going on ? If I had to guess I think Bezos wants to reset his relationship with Trump. He was also among the first to express relief that Trump survived assassination.
Back up plan not a problem. They do that, the American people will also do what they have to do. God’s blessing to us all and we do what needs to be done.
I don’t think it’s a joke that Musk could buy CNN and remake it to a fair and balanced network again. Fair people would sign on and help sustain it. Along with X and Truth Social.
Trump should indeed have WEEKLY X conversations with Elon and should aggressively pursue interviews with Charlamagne Tha God etc influences to reach out. This is his race to win or lose.
President Trump has more support from the traditional Catholic Latino community than the lame stream media ever acknowledges.
Time to exploit and cultivate that.
Go big or go home. Not a time to pull punches. Hammer home pocketbook woes.
Illegals taking dollars from legal citizens and esp retirees. Deport and assist them to fix their own home countries to be better for them all. We all win that way.
Gimmicks??
Marxism is not a gimmick. That’s like saying a cat 5 hurricane is just a shower.
Harris supplies gimmicks.
Harris has always been known only for her tricks it’s how she got where she is today.
Great post.
Agree 100%.
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