by Matt Margolis
Kamala Harris finally decided to drop some key economic agenda items last week, and you’d have to be living under a rock to not know that it was a disaster. Kamala was blasted from both sides of the aisle for proposing dangerous policies that are likely to make the problems she claims to want to fix even worse.
The most notable example of this was her proposed federal ban on “price-gouging,” which was blasted by liberal Washington Post columnist Catherine Rampell and even an Obama economist.
“It’s hard to exaggerate how bad this policy is,” Rampell wrote Thursday evening. “It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. 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.”
“This is not sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” Jason Furman, the former National Economic Council chair under Obama, told the New York Times. “There’s no upside here, and there is some downside.”
Rampell reports that Kamala Harris is already trying to walk back the proposal with softened rhetoric after being pounded with criticism for such terrible policy
“It was interesting to me that she seems to have toned down some of the rhetoric that her campaign was putting out earlier this week on the price gouging stuff,” she told CNN’s Julia Chatterley. “If you look at the materials that the campaign had sent out a few days ago to reporters—perhaps you received them as well, Julia—it was about punishing companies for raising prices above their costs and things like that, and echoed some bill text that is currently sitting in the Senate, proposed by Senators Bob Casey and Elizabeth Warren. That is basically price controls.”
Rampell continued, “Casey seems to think she has endorsed his bill. He put out a press release today saying she had, but the speech text itself was much more restrained and basically talked about, you know, enforcing existing antitrust laws.”
So, Senators Bob Casey (prostate cancer, but still running for re-election) and Elizabeth Warren (Injun) put a bill up in the Senate that would have criminalized making even a modest profit on products and thought, when they heard Kamala slur about “price gaygung,” that she was endorsing their bill?
But even Kamala’s peeps are smart enough to walk her away from that turd.
Just as in Islam, ANY interest on a loan is “usury,” so too, to commies ANY profit on production of goods is price gouging.
Kamala might walk back from the brink of mouthing unelectible rhetoric, but Kamala means it in her black commie heart. If elected that is where she will try to go.
The level of intelligence keeps declining with Democrat “leadership”. We are bottoming out with Kamala.