Kamala Harris has been operating for a full month now on little more than a wave of relief at Joe Biden’s departure.
Finally, on Friday, he released a sliver of policy, focused on American finances.
Judging by this first batch of economic proposals, Kamalanomics is a bad joke.
This is Bidenomics reheated, and worse, it pretends America can expect something different if she is elected.
“A loaf of bread is 50 percent more expensive today than it was before the pandemic,” Harris told a crowd in North Carolina. “Ground beef is up almost 50 percent.”
Yes, and you’ve had three and a half years to do something about it while you’ve been running the country as vice president. What’s stopping you from doing something about it right now?
Harris won’t say.
Has Bidenomics Failed?
Harris won’t say.
Judging by this first batch of economic proposals, Kamalanomics is a bad joke.
Instead, he continues to insist that the Biden-Harris administration is more in sync than ever.
“We love you, Joe,” she sings, with that signature smile, as if she hadn’t just stabbed her former boss in the back.
She continues to repeat that real economic progress has been made and that the US economy is the “strongest in the world.”
But how does that square with rising costs that are, in his own words, “still too high,” or the soaring “cost of health care,” or people “being exploited in the housing market,” or the dire need for “tax cuts”?
Somehow, it’s all still Donald Trump’s fault.
“(Trump) plans to devastate the middle class, punish workers and drive up the cost of living for millions of Americans,” he complained on Friday.
Does he take us for fools?
Last week, White House press secretary Karine Jean-Pierre attempted to paper over the cracks when asked about reports of a rift between Biden and Harris.
“They’ve been aligned for the last three and a half years. There’s been no change,” he said. “(Harris) is going to continue to build on… the historic successes they’ve had.”
So there you have it, folks: that’s four more years of this.
Harris says she will impose “the first-ever federal ban on food and grocery price gouging.”
Price controls are not a new idea: Richard Nixon tried them, and so did the Roman Empire. They have been tried so many times that they can even be found in the Code of Hammurabi.
But they never work and are often counterproductive. Nixon’s initiative helped trigger the disastrous stagflation of the 1970s.
Under Biden, while inflation is finally coming down, wage growth has not kept pace with rising prices.
Instead of solving the problem, Harris just wants to get the money printing.
He wants to raise $25,000 to give to all first-time home buyers. But didn’t we just spend years printing money and find that — guess what — prices just go up and the cycle backfires?
She says she can ‘cut unnecessary red tape and bureaucracy’ to help build more housing, but has she considered her super-restrictive home state of California or her own administration?
Even these new proposals include more restrictions on who can own and build homes.
Meanwhile, he says he will cut taxes for families with children, after weeks of mocking JD Vance for his pro-family stance.
This is reheated Bidenomics, and worse, it pretends it’s something new, that America can expect something different if she’s elected.
But then again, Harris wants “tax credits” – in other words, to print even more money to make donations.
In fact, an analysis by the Committee for a Responsible Federal Budget estimates that Harris’s proposed plan would cause the deficit to rise by a staggering $1.7 trillion over a decade.
The only sensible economic policy he laid out last week was a Trump copycat: his plan to eliminate tip taxes.
The part he didn’t mention is that the bill to step up IRS tip tax enforcement only passed the Senate in August 2022 because the tie-breaking vote was cast by… Kamala Harris.
The truth is that she avoids interviews and press conferences like the plague because every time she opens her mouth she sounds like an idiot, spewing meaningless word salads, seasoned with shameless hypocrisy.
Every time she makes a decision, we have that impression too.
The smart move would have been to choose moderate Pennsylvania Governor Josh Shapiro as his running mate, rather than leftist Tim Walz and his band of friends.
Smart proposals would be ones that made economic sense and looked like something Joe Biden would never do, rather than repeating the greatest successes of his greatest failures.
Don’t expect anything smart from Kamala Harris in the near future.
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