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News Link • Economy - Economics USA
What Would "Kamalanomics" Do To The U.S. Economy?
• https://theeconomiccollapseblog.com, By MichaelThe best chance that Kamala Harris had of winning was to stand for nothing. I am being completely serious. For the first few weeks of her campaign, she was being showered with positive coverage by the mainstream media even though she had not come forward with any serious policy proposals. She could have probably continued doing that all the way to election day in November, but now she has ruined her campaign by telling us what she actually plans to do if she becomes president. As you will see below, even the mainstream media hates her economic plan.
Right now, 59 percent of Americans believe that we are already in a recession. Most of us detest what has happened to the economy, and so Harris should not be talking about this if she plans to win. Unfortunately for her, that is precisely what she has been doing. For example, she uttered a soundbite during one recent speech that will be played millions of times between now and election day…
"A loaf of bread costs 50% more today than before the pandemic. Ground beef is up almost 50%."
Why would she say something like this?
Does she actually want people not to vote for her?
Now that the government has created the cost of living crisis, Harris plans to fix it by imposing price controls.
Needless to say, that idea went over like a dud…
Harris announced Wednesday that she would institute a "federal ban on price gouging on food and groceries" as president in an attempt to stop "big corporations" from taking advantage of consumers, and outlets like the Washington Post, CNN, and Newsweek published reports shredding the idea.
"Whether the Harris proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won't," the liberal-leaning Washington Post editorial board wrote on Friday.
The Washington Post editorial board actually compared her plan to the failed price controls that President Nixon imposed in the 1970s…