in World News Kamala Harris Is A Rock-Ribbed Socialist – And Her Policies Prove It
by
Not that it needed to be repeated, but the Democratic Party’s agenda now being rolled out at this week’s convention includes some of the most radical ever seen from a major political party in American history. Kamala Harris, whose father was a Marxist economist, has embraced a smorgasbord of socialist policies, ranging from price controls to sky-high taxes on ‘unrealized capital gains,’ to even more mass migration – all with the apparent design to put Maduro’s Venezuela or Castro’s Cuba to shame. If not that, what else?
Over the last four years, Americans have been ravaged by record-setting inflation, exacerbated by reckless government spending on handouts for illegal aliens and wars roiling Eastern Europe and the Middle East, which have caused the prices of everything, from eggs to milk to gasoline, to skyrocket. Rather than address the fundamental problem causing the inflation – the Federal Reserve printing money it doesn’t have and keeping rates low – Kamala Harris has proposed “banning price gouging,” a “solution” so mind-bendingly dumb that if it didn’t actually come out of her lips, nobody would believe it. Basically, the government is flooding the marketplace with money we don’t have. That money then causes an increase in prices, because too many dollars are chasing too few goods, the classic explanation for inflation.
Kamala’s solution now, rather than to get spending under control by not wasting billions of dollars on government handouts – including housing, schooling, and healthcare – for low-skilled migrants, who only add to the economic burden, Kamala has proposed punishing retailers for simply adjusting to market conditions. The result of ‘Kamalanomics’ will lead to shortages and more layoffs, which will have a deleterious cascading effect on supply chains – and do irreparable damage to an already battered economy.
As it stands, the economy is grossly underperforming expectations; there is overwhelming evidence that we are already knee-deep in a recession and have been for some time. The latest example is observed in Wednesday’s news that the Biden-Harris administration had been fraudulently manipulating job statistics – by claiming 810,000 jobs that did not exist were part of the recent totals added to the labor market. The correction by the Bureau of Labor Statistics amounts to their largest downward revision to the jobs numbers in fifteen years, revealing an economy that is a far-cry from the picture of strength the Biden-Harris administration has insisted on since taking office.