Posted on 08/16/2024 7:15:15 PM PDT by SeekAndFind
Richard Nixon's imposition of wage and price controls in 1971 were among the biggest regrets of his presidency—and he had plenty to regret. Now, Democrat presidential candidate Kamala Harris has announced similar economic plans, signaling that the "passage of time" that has "been unburdened by what has been" will make her impervious to the doom loop promised to those who do not learn history. That is, if she remembers we've seen this dog-and-pony show.
Her plan calls for more money giveaways, vows to regulate business even more, usher in national rent control, make housing more expensive by putting the government in charge of building more houses (see California), and, her pièce de résistance, repealing the law of supply and demand by outlawing "price gouging" at the grocery store by invoking Soviet-style price-setting.
Harris has not defined price gouging , but beware government spendthrifts who point their bony, bejeweled fingers at the victims of their inflation-inducing programs and announce, "He did it!"
When Nixon issued rules for wage and price controls, he knew what he was doing was wrong. Indeed, one of his economic aides told the president, a former commie spy hunter, "Pravda would write that this was a sign of the collapse of capitalism" when Nixon and his team unveiled their economic plans, which included taking the country off the gold standard and free-floating the dollar. "We cannot protect the value of the dollar by passing the buck," he'd said one year before in a speech denouncing wage and price controls.
The 37th president, however, faced an inflation rate that had doubled from the 1960s to the 1970s from billions spent on Lyndon Johnson's Great Society and the Vietnam War.
(Excerpt) Read more at pjmedia.com ...
Nixon eliminated most of these far-reaching government controls in 1973.
The Cato Institute says attempting a command-and-control economy was a disaster.
By the time Nixon reimposed a temporary freeze in June 1973...it was obvious that price controls didn’t work: “Ranchers stopped shipping their cattle to the market, farmers drowned their chickens, and consumers emptied the shelves of supermarkets.”
Nixon rolled back the rules, extinguished the committees, panels, and offices put into their service, and said thanks and goodbye to the people brought in to implement the programs.
These are the same greasy lying creeps who have two Explosive Detection Canine Teams, one Transportation Security Specialist (explosives), one plainclothes TSA Supervisor, and three Federal Air Marshals following Tulsi Gabbard, the US Army lieutenant colonel-"terrorist", on every flight she boards.
Kamguzzala and her Gaslight Media better shut their whining pieholes about "inflation".
her first of many huge mistakes since this started. Shes getting roasted from all sides now.
Her next big idea is to pass out little red WIN buttons.
Katie Porter’s legislation
Harris missed an opp. She should’ve picked this dingbat for VP.
With current year Democrats, it's deliberate economic war on the American people.
Part of the same larger enterprise as the war on farmers.
SHE IS CONSISTENTLY STUPID
Nixon had a lot of REALLY big mistakes:
Justice Blackmun
EPA
John Dean
Opening to Red China
I saw the head of the Nixon Library who said there was no exhibit on this huge mistake
There would be riots at Walmart and other stores under commie-la’s plan.
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