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Even An Obama Economist is Trashing Kamala's
Price Control Plan

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Posted By: ladydawgfan, 8/17/2024 2:05:05 PM

Kamala Harris spent weeks avoiding press interviews, press conferences, and even making any bold policy announcements. However, on Friday, she unveiled her economic agenda, and it was such a disaster that something tells me it's back to the basement for Kamala. First, a liberal columnist at the Washington Post trashed Kamala's price control plan, and now, a Harvard economist who served in the Obama administration is also blasting the proposal. "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 told The New York Times. "There’s no upside here, and there is some downside."

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Reply 1 - Posted by: Digger 8/17/2024 2:57:17 PM (No. 1779885)
I haven’t heard of any of the dems’ pet economists jumping aboard to support her. (Please correct me if I missed something). I mean the ex-Enron adviser, Paul Krugman, or Austin Goolsby who may have seen the light after returning to academia. Even the music/sociology major masquerading as an economist, Jared Bernstein, has not commented. Legitimate economists are aghast at this insane policy proposal.
7 people like this.

Reply 2 - Posted by: dbdiva 8/17/2024 5:40:17 PM (No. 1779970)
Yep, I'm waiting until Nobel Laureate Paul Krugman weighs in. I'm SURE he'll explain to everyone why Kam's misbegotten economic plan is exactly what this country needs ~ why living in "New Venezuela" will be positively utopian and why we must all go out and cast our votes for this amazingly brilliant woman who has such a wonderful vision for the US. S/
9 people like this.

Reply 3 - Posted by: Venturer 8/17/2024 10:25:44 PM (No. 1780056)
She has no idea what she is talkin about
9 people like this.

Reply 4 - Posted by: Kafka2 8/18/2024 8:30:21 AM (No. 1780211)
If you think Bidenomics is bad news (and it is) what Kamala is proposing is to go from bad to worse — much worse. This would require a large number of government agents to go through through the accounts of businesses searching for proof of price gouging. The cost of paying these government agents and the added burden to businesses to deal with these agents creates new overhead expenses that add to inflation. The wasteful spending and over regulation of Bidenomics is the cause of the inflation. To blame it on businesses is deplorably outrageous.
9 people like this.

Reply 5 - Posted by: cor-vet 8/18/2024 8:38:13 AM (No. 1780213)
An Obama economist is against her plan? I thought he was the power behind the throne, so then, whose plan is it?
3 people like this.

Reply 6 - Posted by: Zigrid 8/18/2024 10:22:47 AM (No. 1780275)
The last time this was tried was by carter...and WE all remember what that brought on....gas lines and no food on the shelves....commie camala is going down the path of total government control...and WE the people can see where she's going....she should retire to Venezuela and live happily with commie comrades.....
4 people like this.

Reply 7 - Posted by: Deborah Grannet 8/18/2024 12:23:23 PM (No. 1780335)
Actually, #6, it was Nixon who tried price controls, with predictably abysmal results... right up there with the birth of the EPA and Ford's WIN buttons (Whip Inflation Now).
1 person likes this.

Reply 8 - Posted by: Strike3 8/18/2024 3:34:06 PM (No. 1780409)
The last fool who tried that was Richard Nixon. Democrat planning would make this one even worse.
0 people like this.

Reply 9 - Posted by: Strike3 8/18/2024 3:37:46 PM (No. 1780412)
The premise behind this insane plan is that American businesses are price gouging to take advantage of inflation. The basic problem is fuel prices but don't give that secret away or Kamala might sound intelligent.
0 people like this.

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