Kamala Harris’ Economic Plan – Price Controls and a Dash of Marxism?

Kamala Harris’ Economic Plan – Price Controls and a Dash of Marxism?

Vice President Kamala Harris is about to reveal her economic plan in Raleigh, North Carolina. If you’re expecting a breath of fresh air, prepare to be disappointed. It seems she’s recycling the same old progressive playbook, complete with finger-pointing at “evil” corporations for “price gouging.” Conservative critics are rolling their eyes, seeing this as nothing more than a weak attempt to distract from the administration’s dismal handling of inflation.

Michael Tyler, the Harris-Walz campaign’s spin doctor, appeared on CNN to sell this reheated leftover policy. He claimed Americans can look forward to hearing about “ways to move this economy forward and lower costs for middle-class families.” It’s almost as if Harris just discovered that high prices are hurting families. Talk about being late to the party! The campaign assures us that tackling inflation will be a “day one” priority. Because, you know, they haven’t had nearly four years to address it already.

Conservative Response: A Day Late and a Dollar Short

Conservatives aren’t buying what Harris is selling. E.J. Antoni hit the nail on the head when he said, “Day one in office was 3½ years ago. What have you been doing in the meantime to tackle inflation? You’ve been creating it.” Ouch! It seems the Harris-Biden team has been too busy inflating the problem to actually solve it.

Former President Trump, never one to mince words, summed it up perfectly during his North Carolina visit: “I gave Harris and Biden an economic miracle, and they quickly turned it into an economic nightmare.” It’s like handing someone a winning lottery ticket, only to watch them set it on fire and complain about being broke.

Harris’s “Brilliant” Plan: Soviet-Style Price Controls

Hold onto your wallets, folks! In her first formal policy speech of her presidential campaign, Harris is channeling her inner Soviet premier. She’s calling for unprecedented federal controls on food and grocery prices, labeling it a fight against “price gouging.” Because nothing says “free market” like the government deciding what things should cost, right?

This proposal would give the Federal Trade Commission and state attorneys general the power to slap companies with severe penalties for setting “excessively high” prices. One can’t help but wonder if Harris got her economic advice from a Magic 8-Ball.

The Harris Economic Plan: A Recipe for Disaster

  • ✅ Blame corporations for inflation
  • ✅ Implement Soviet-style price controls
  • ✅ Ignore basic economic principles
  • ✅ Pretend the last 3.5 years didn’t happen
  • ✅ Hope nobody notices the impending economic catastrophe

The Harris campaign, in a moment of sheer economic brilliance, argued, “There’s a big difference between fair pricing in competitive markets and excessive prices unrelated to the costs of doing business.” Well, thank goodness they’ve cleared that up for us! Who knew that businesses don’t just pull prices out of thin air?

Republican Reaction: Facepalms All Around

Republican economists are having a field day with this one. They’re calling it everything from “Marxist” to “lunatic behavior.” Richard Stern of the Heritage Foundation pointed out something that apparently escaped Harris’s notice: consumer prices have risen less than producer prices. In other words, businesses are already absorbing costs rather than passing them all onto consumers. But why let facts get in the way of a good narrative?

Antoni, clearly not impressed, reminded us of the disastrous effects of past attempts at price and wage controls. Remember those fun gas lines of the 1970s? Well, Antoni warns, “Instead of gas lines, we’re going to have bread lines.” Ah, nothing says “economic progress” like queueing up for basic necessities!

Paul Teller of Advancing American Freedom didn’t pull any punches either. He compared Harris’s bright idea to Soviet-era policies, stating, “Price controls are wrong and never work, not on groceries and not on drug prices. They are anti-innovation and anti-free market.” But hey, who needs innovation and free markets when you can have government-mandated pricing, right?

Timing is Everything (Except When It’s Not)

Critics are scratching their heads, wondering why Harris hasn’t rolled out these “groundbreaking” measures earlier. After all, the Democrats have had control of both the White House and the Senate. It’s almost as if they’ve been too busy not solving problems to actually solve any problems.

In a twist that would make even the most skilled contortionist wince, another part of Harris’s economic platform echoes Trump’s no-tax-on-tips policy. It’s like watching a magician pull a rabbit out of a hat, only to realize it’s the same rabbit they borrowed from the audience earlier.

A Trip Down Memory Lane: Harris’s 2019 Campaign Promises

Let’s take a stroll down memory lane, shall we? During her 2019 presidential campaign, Harris pushed for a smorgasbord of left-wing economic policies. We’re talking a $3 trillion tax plan targeting the wealthy (because they clearly don’t pay enough already), a federal minimum wage hike (because printing money solved inflation), tax credits for low-income renters (free stuff for votes, anyone?), Bernie Sanders-style Medicare for all (socialism lite), and lowering cash bail (because who doesn’t love a revolving door justice system?).

Harris’s Economic Track Record: A Comedy of Errors

Promise Reality
Tackle Inflation Inflation skyrocketed
Lower Costs for Families Everything got more expensive
Improve the Economy Economic growth stagnated
Create Jobs Labor force participation declined

The Inflation Reality Check

While Harris and her team are busy patting themselves on the back, everyday Americans are feeling the pinch. The Labor Department recently reported that the consumer price index rose 0.2% in July from the previous month, with a 2.9% increase from the same time last year. Housing costs are skyrocketing, and food prices continue to climb. But don’t worry, folks! According to Harris-Walz spokesperson Joseph Costello, “Inflation is at its lowest in over three years, and our economy is strong.” It’s like being told the Titanic is unsinkable while water is lapping at your feet.

In a display of political gymnastics that would make Simone Biles proud, Costello also took a swipe at Trump’s agenda. He claimed it would “give tax handouts to the same big corporations that are price gouging Americans, while raising prices on the middle class by $2,500 and driving our economy into a recession.” Because clearly, the current administration’s policies have been so successful at keeping prices down and preventing economic turmoil, right?

Conclusion: Brace for Impact

As Harris rolls out her plan, prepare for a heated debate over its potential impacts and effectiveness. Will it be a game-changer for the American economy, or just another chapter in the ongoing comedy of errors that is the Harris-Biden administration’s economic policy? Only time will tell, but if history is any indicator, you might want to start practicing your bread line etiquette, just in case.

Table of Contents

Scroll to Top