You know you must be out of your mind if you come up with a plan so stupid that CNN trashes you, but that is exactly the reaction CNN had when Kamala Harris proposed a price freeze. That is a plan that has been tried many times in many countries and failed every single time. Only communist countries even try it anymore, which explains why Harris proposed it. Kamala Harris traveled to North Carolina on Friday to announce a Communist-style price control scheme. I wonder if they played The Internationale.
Harris cast the tie-breaking vote on the so-called ‘Inflation Reduction Act.’ That is what made inflation take flight like the Concorde used to. It i one of the major problems she will face as the campaign season continues. She claims that grocers are price gouging, but while inflation has been 20% over that time period, producer prices index has risen over 17%.
Kamala Harris's campaign claims grocery stores are price-gauging, but they're not. If they were, their annual profits wouldn't be just 1.2% when the all-industry average is 8.5%. The media will likely hide those numbers tomorrow when they fluff Harris' proposal. https://t.co/55oAOsxl1L pic.twitter.com/ysrV5Fa0SM
— Michael Shellenberger (@shellenberger) August 15, 2024
Harris proposed dangerous price controls during a campaign speech to a paltry crowd at Wake Tech Community College in Raleigh, North Carolina.
VISIT OUR YOUTUBE CHANNELKamala Harris said:
“My plan will include new penalties for opportunistic companies that exploit crises and break the rules, and we will support smaller food businesses that are trying to play by the rule and get ahead. We will help the food industry become more competitive.”
BREAKING: Kamala Harris proposes a Soviet-style, communist price control scheme similar to Venezuela and Cuba pic.twitter.com/rCwMoKfde0
— Trump War Room (@TrumpWarRoom) August 16, 2024
Price controls always leads to food shortages and a robust Black Market. This is a very dangerous path she wants to take the country down, but let’s face it she has never been successful in the boardroom, only in the bedroom.
CNN economics and political commentator Catherine Rampell said on Friday:
“We‘ve seen this kind of thing tried in lots of other countries before. Venezuela, Argentina, the Soviet Union etc…it leads to shortages. It leads to black markets and leads to uncertainty.”
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CNN just DESTROYED Kamala Harris' economic agenda.
"We‘ve seen this kind of thing tried in lots of other countries before. Venezuela, Argentina, the Soviet Union…it leads to shortages" and would "cause a lot of harm." pic.twitter.com/pFEMYDjpN0
— House Republicans (@HouseGOP) August 16, 2024
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