Staff Reports
In a display typical of the current administration, Vice President Kamala Harris recently unveiled a proposal for price controls that would make even the most ardent socialist blush. Former George W. Bush administration official Karl Rove wasted no time in calling this plan a “wonderful opportunity” for Donald Trump, indicating that the Democrats might just be handing over the election on a silver platter.
Harris’s proposal, made during a speech in North Carolina, aims to empower the Federal Trade Commission to impose harsh penalties for so-called “price gouging” at grocery stores. One can almost hear the collective groan from economists and everyday Americans alike, as Rove aptly pointed out that such ideas are nothing more than “populist gimmicks.” The suggestion to hike corporate income tax rates to a staggering 28% is like throwing a brick on the already heavy backs of American businesses that are still trying to recover from recent economic disruptions.
‘When You Lose The Editorial Board Of The Washington Post’: Karl Rove Calls Harris’ First Policy Speech A ‘Disaster’ https://t.co/73b3OcOO23 #CommieKamala #Kamunism … Let's wake Americans in a free market Constitutional Republic. We need #TRUMP2024ToSaveAmerica
— Save the Republic (@BrandonAlt9) August 20, 2024
The stark reality is that since Biden and Harris took office, Americans have watched prices skyrocket by over 20%. Inflation reached an alarming peak of 9% in June 2022, and surveys indicate that a mere 38.6% of folks approve of Biden’s economic leadership. In fact, handling inflation has been so poor that support slips down to a pitiful 34.5%. Those numbers suggest that economic confidence is taking a permanent vacation under this administration.
The response from Washington Post columnist Catherine Rampell echoed Rove’s sentiments when she claimed Harris’s approach would erase the very fabric of supply and demand. The thought of bureaucrats in D.C. dictating prices across all industries is a horror that could make even the staunchest of defenders of big government reconsider their stance. It’s a scheme that would make price tags in stores as reliable as a weather forecast in April.
Amidst all this economic chaos, it should be noted that Trump is trailing Harris by a slim 1.5% in recent polls, a margin that doesn’t exactly inspire confidence in the current leadership. With independent candidates lurking in the shadows, the implications of Harris’s flawed policies could be a blessing in disguise for Trump if he chooses to seize this “wonderful opportunity” to enlighten the American public about the dangers of heavy-handed government intervention in the economy. As the Democrats push forward with their plans, one can only wonder how much longer the American people will tolerate the antics and errors of their so-called leaders.
