To win, Harris must promise to solve every problem she helped create:
You broke it, you bought it
This election season, voters can blame either big government or big corporations for pernicious inflation now in a dead heat with border chaos as the issue most likely to decide the 2024 presidential race. If you are the second-highest official in big government seeking to ascend to the presidency, you’d better make damn sure voters blame big corporations.
Such is the political dynamic behind the second major strategic mistake of the nascent Kamala Harris for President campaign. The first mistake was Ms. Harris choosing a running mate, Minnesota Gov. Tim Walz, who is as far left as she is. Now, in Ms. Harris’ second strategic blunder, she has led with price controls as the solution to the inflation Ms. Harris herself has had a hand in creating.
Economically, price controls don’t work, and voters know it. In Ms. Harris’ supermarket of the future, eggs and meat may well have a posted price well below the market rate. There just won’t be enough eggs and meat to buy at the controlled prices. Instead, consumers will face shortages, queuing and black marketeering.
Politically, Ms. Harris’ price controls proposal is just a stupid gaffe, one that raises the specter of Soviet communism, California liberalism and Venezuelan socialism. Ms. Harris thus violates the cardinal rule of Nixonian politics.
To wit: Instead of running toward the Nixonian center, Ms. Harris is reinforcing a Fidel Castro stereotype that former President Donald Trump is champing at the bit to tag her with.
It gets worse. Ms. Harris’ dead-on-arrival price controls and gaffe-laden speech delivery have highlighted one of her greatest vulnerabilities: her lack of a basic understanding of economics.
Memo to James Carville: Ms. Harris is running against an opponent who has been a businessman renowned for making billions while turning entrepreneurship into a fine televised art. As president, Mr. Trump also delivered four years of near-zero inflation, rising real wages and stable growth.
Did anybody besides me and Leland Vittert notice that Ms. Harris confused “price gouging,” a well-known term of economist art, with “price gauging” — whatever that means. With that gaffe, Ms. Harris thus made clear she will misread a teleprompter anytime she delivers a speech about a topic she knows nothing about — which is to say every topic voters are most worried about. --->READ MORE HERE
Harris-Biden inner circle have almost no business experience — no wonder Americans are hurting:
In her one and only interview of the presidential campaign, Kamala Harris claimed she is “very proud” of the economy she and Joe Biden have presided over for almost four years.
Her rosy view of their management of inflation echoes Biden’s tone-deaf boasts about what a great job he’s done, while Americans struggle to pay for groceries.
“I’m very proud of the work that we have done that has brought inflation down to less than 3%,” Harris told CNN last week.
Considering they inherited an inflation rate of 1.4%, and their reckless spending propelled it to a peak of 9.1% in June 2022, that’s not exactly something to boast about.
Biden and Harris ignored warnings that the $1.9 trillion “American Rescue” spending package would overstimulate the economy at precisely the wrong time, just as we were emerging from pandemic lockdowns in March 2021.
Their reckless disregard of economic reality turbocharged consumption and drove inflation to 40-year highs.
But at least Harris had the sense not to declare Bidenomics a “success” when prompted to do so by interviewer Dana Bash.
“There’s more to do,” she admitted. “But that’s good work.”
What exactly that “good work” would entail is a mystery, considering Harris still doesn’t have a single policy on her website, refuses to do interviews like a normal candidate, and is relying on compliant journalists to walk back her most whacky ideas.
But what policies she has divulged so far are not promising: Soviet-style price controls to address food inflation — which she attributes to “price gouging” — and $25,000 handouts to first home buyers which will simply push up the price of real estate are two of her brain explosions.
In her embarrassingly brief CNN interview, to which she insisted on bringing wingman Tim Walz for emotional support, Harris muttered something vague about an “opportunity economy” being her “day one” priority.
But nobody has a clue what she means. One way of assessing how a Harris presidency would affect the economy is to look at the economic competence of her advisers and other administration personnel, many of whom are likely to play a role if she is elected.
Alarmingly, a new report titled “Amateur Hour” from the Committee to Unleash Prosperity shows that most of the administration’s top officials have zero experience in business.
Economists Stephen Moore and Jon Decker have analyzed the work records and résumés of the top 66 officials who deal with economic policy, regulation, commerce, energy and finance and found 58 percent have virtually no business experience.
That includes Biden, Harris and Vice Presidential nominee Walz, none of whom has worked off the public teat. (A dubious tale Harris once told about working at McDonald’s while in college doesn’t count.)
Moore and Decker found that the average business experience of administration appointees is only 3.1 years and the median years of business experience is a big fat zero. --->READ MORE HERE
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