Posted on 08/18/2024 10:43:40 AM PDT by E. Pluribus Unum
Vice President Kamala Harris’ first major policy plan took on the top issue in the presidential campaign — the economy and high prices — with sweeping proposals for expanded government intervention and more federal spending.
She vowed to lower prices at the grocery store with price controls and open up the increasingly out-of-reach housing market with tax subsidies for home buyers.
“Believe me, as president, I will go after the bad actors,” Ms. Harris said in a speech Friday in North Carolina. “I will work to pass the first-ever federal ban on price gouging on food. My plan will include new penalties for opportunistic companies that exploit crises and break the rules.”
Former President Donald Trump said Ms. Harris had gone “full communist.”
“She wants to destroy our country after causing catastrophic inflation,” he said Saturday at a rally in Pennsylvania. “Comrade Kamala announced that she wants to institute socialist price controls. You saw that never worked before. Never ever worked.”
He also said she was “promising to hand out things she can’t deliver.”
Ms. Harris’ economic platform mostly serves as an extension of President Biden’s policies but adds a bigger role for the federal government.
She said the unprecedented price controls on food and groceries are necessary because corporations are price-gouging Americans — a charge Mr. Biden made regularly to explain soaring inflation.
Under the Harris plan, the Federal Trade Commission and state attorneys general could impose harsh penalties on companies that set prices too high.
(Excerpt) Read more at washingtontimes.com ...
I’m not sure I understand what point you are making. You appear to be trying to show how much inflation has impacted prices from 16 years ago. At a modest long term average rate of annual inflation of 3%, that amounts to a 48% increase in prices since 2008 - not unusual at all.
You’d be better off arguing that the overall increase in prices since Biden/Harris took office in 2021 is about 18% over 3 years, which equates to an annual average inflation rate of 6% - twice the normal rate I cited above. And better yet, compare that to inflation during the Trump years, which was well below 2%.
At least Nixon loved the USA...
She pronounced “gouging “ wrong.
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