Acknowledging Americans don’t feel an improvement in their everyday lives, many of Harris's plans resemble Biden-Harris Admin’s actions
WASHINGTON, D.C. (Texas Insider Report) — “This election is about two very different visions for the future: ours focused on the future, and the other focused on the past,” Kamala Harris said earlier today in Raleigh, N.C., laying out more than a dozen sweeping economic policy proposals for her campaign – but with 65% of Americans saying earlier this week that they believe the country is 'Headed in Wrong Direction," she's clearly misreading the American Voter when she said:
"We’re Not Going Back!"
Touting what she claimed was the economic progress the U.S. economy has made under the Biden-Harris administration – but acknowledging that many Americans don’t feel that improvement in their everyday lives – many of Harris's plans resemble the Biden administration’s actions, and would further President Joe Biden’s agenda that's been imposed throughout his term.Not surprisingly, Harris’s campaign did not release a price tag for any of the dramatic proposals.
Donald Trump’s vice presidential running mate and Ohio Senator J.D. Vance said on X that Harris’s plan would only make the country’s housing shortage worse.
“Kamala Harris wants to give $25,000 to illegal aliens to buy American homes – which will only further exacerbate the housing shortage in our country.
"It’s a disgrace,” said Vance, adding, “We should be making it easier and more affordable for American citizens to buy homes.”
"It’s a disgrace,” said Vance, adding, “We should be making it easier and more affordable for American citizens to buy homes.”
The vice president outlined more than a dozen policy proposals Friday afternoon, including a plan to ban "price gouging" on food and groceries that have been widely criticized by economists for decades.
Harris's plan to control rising prices of food and grocery items includes:
- Proposed Rules to prevent corporations from "exploiting consumers," and
- A Plan to enable the Federal Trade Commission and each State's Attorney General to "punish" companies that violate whatever rules are created by regulators and bureaucrats in the Federal Government.
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 which have been seen previously in the U.S. when such policies were tried unsuccessively, or in other countries that tried to limit price growth by fiat.
At worst, such policies actually raise prices.
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 which have been seen previously in the U.S. when such policies were tried unsuccessively, or in other countries that tried to limit price growth by fiat.
At worst, such policies actually raise prices.
That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies.
Posting cost and pricing plans publicly, economists note, is in practice a fantastic way for companies to collude to keep prices higher – all facilitated by the government.
Harris took some seipes at former President Trump during her speech, suggesting he wants to impose a national sales tax on products and basic necessities that are imported from other countries. In reality, the Republican presidential nominee has proposed implementing a universal 10% tariff on imported goods that would be similar to the policies he used to renegotiate other nation's efforts at undercutting American producers and manufacturers during his administration.
Trump, for his part, blamed Harris for rising food costs during her tenure as vice president.
“You don’t have to imagine what a Kamala Harris presidency would be, because you are living through that nightmare right now,” said Trump during his own hour and a half press conference Thursday.
While Harris has endorsed extending former President Barack Obama's health care efforts by doing away with Private Sector Health Insurance Programs, she criticized Trump Friday for wanting to repeal the "Affordable Care Act," saying it “would take us back to a time when insurance companies could deny people with preexisting conditions,” she said. “We all remember what that was, and we’re not going back.”
Harris’s economic proposals also includes various policies aimed at increasing the nation’s housing stock. Her campaign says she hopes to help the Federal Government oversee the construction of 3 million new housing units over the next four years.
Harris proposed a plan to have the Federal Government provide a $25,000 down payment to encourage first-time homebuyers.
Ahead of next week's Democrat National Convention in Chicago, the Harris campaign is attempting to contrast her and Mr. Trump's economic records, and painted her as a champion of the middle class.
“We see that contrast clearly in many ways – including when it comes to how we think about the economy,” Harris said.
The Republican National Committee and others blasted Harris’s plan after the conclusion of her speech.
“Kamala Harris continues to lie that she will fix our country’s economic crisis ‘on day one,’ but her day one started three-and-a-half years ago as vice president alongside failed Joe Biden,” the RNC statement said.
“Kamala’s economic agenda will spike prices and taxes in the long run, and her Maduro-like price controls will put America on the same path as Communist Countries that have been destroyed by the same weak economic policies.”
“Kamala Harris continues to lie that she will fix our country’s economic crisis ‘on day one,’ but her day one started three-and-a-half years ago as vice president alongside failed Joe Biden,” the RNC statement said.
“Kamala’s economic agenda will spike prices and taxes in the long run, and her Maduro-like price controls will put America on the same path as Communist Countries that have been destroyed by the same weak economic policies.”
On Wednesday morning, the Bureau of Labor Statistics released its July inflation figures under the Biden-Harris White House, and regardless of what the number was, one thing still remains true for American Consumers: Prices are far higher today than they were when Joe Biden and Kamala Harris took office.
According to the RealClearPolitics average of polls, 65% of Americans believe the country is "headed in the wrong direction."
Harris and Biden took office in a moment of relative optimism for the country, when just 49% of Americans thought the country was on the wrong track. (A lower-end number looking back over the past 20 years.)
But by mid-2022 of the Biden-Harris White House, with inflation raging, 74% felt the country had gone astray – higher than at any point in the Trump presidency.
Regardless of American's pain and unhappiness, The Washington Post recently reported that the Democrat's Harris & Walz ticket have "seized on a joyful message."
A New York Times analysis of the "joyful campaign" included the headline:
A New York Times analysis of the "joyful campaign" included the headline:
"Harris Used to Worry About Laughing. Now Joy Is Fueling Her Campaign."
But for those families making trade-offs to meet their most basic needs – can joy pay their electric bill? The water bill? Insurance on the house, or even rent?
Kamala Harris will spend the coming weeks trying to persuade those voters to reward her for the circumstances her time in office has brought.
Rent & Electricity Bills are up 10% or more the past two years – Oh JOY!
Car Insurance costs are up nearly 40%. Oh JOY!
Families can trade down from steak to a cheaper cut of meat at the grocery store, but they can't do that with their Water Bill.
Car Insurance costs are up nearly 40%. Oh JOY!
Families can trade down from steak to a cheaper cut of meat at the grocery store, but they can't do that with their Water Bill.
And the media is crowing that Kamala Harris's Campaign has "seized on a joyful message"?
