in World News Economist Warns: Kamala is Running a ‘Giveaway’ Campaign, Would Surge Government Spending
Bob Unruh
Her plan would be ‘more of what we’ve seen over the past 4 years, extensive government involvement … not really an organic growth within the economy’
Kamala Harris largely has been silent on her plans, should she be elected in November, for America.
She’s accepted only one interview so far, and her campaign site as recently as days ago essentially was void of plans.
Her one economic policy announced was a set of price controls for what she called “price gouging,” after she adopted the ideology of a trick often used by repressive governments to make their economies look better than they are.
She might be asked about her plans during a presidential debate scheduled Tuesday; she might even answer.
But there’s not a lot of reason to wonder, according to an expert: Her agenda will be just what America has seen over the last four years under a Biden-Harris administration, massive government spending, surging inflation (20% so far) that pushes the costs of food, housing and such into the stratosphere and more.
Paul Mueller, a senior research fellow at the American Institute for Economic Research, said during an interview of “Washington Watch” that, “Harris is running a giveaway campaign.”
According to a Washington Stand report, that would be more of what the nation has seen under the Biden-Harris regime.
“Of course, the Biden administration has been trying to cancel various forms of student debt for years now. And her approach, I think, to stimulating the economy is more of what we’ve seen over the past four years, which is extensive government involvement, huge amounts of spending. It’s not really an organic growth within the economy,” he explained.
Such artificial influences, he explained, cost consumers.
“When you subsidize people’s ability to buy things — whether that’s higher education or health care — and we give people money in the form of loans or grants or scholarships to do that, what it does is boosts demand. And so what we see over time in both of those areas is rising costs. The cost of higher education has grown much faster than everything else in the economy. The rate of increase for health care has increased very rapidly.”
He specifically cited the Harris scheme to give a $25,000 credit for first-time home buyers, which is just going to “put upward pressure on the price of housing.”
Even her idea to give small businesses a tax credit could end up backfiring on the nation.
“There are a lot of small business owners who maybe will close down their existing business and start a new one just to get the tax credit,” he warned.