Rant or Rave Wednesday

Kamala Champions Failed Socialist Policies During Economic Speech

It has been about one month since Joe Biden dropped out of the race and endorsed Vice President Kamala Harris as the Democratic nominee for president and two weeks since the VP obtained the delegate votes to be given this designation officially. During this time, her campaign and the media have overtly shielded her from any scrutiny that would require her to let the American electorate know where she stands on issues and specific policies she would implement as president. There have, however, been several stump speeches, where Harris has regurgitated the same lines, talked in generalities, and graced us with that irritating cackle that one might liken to scratching nails on a chalkboard.

Before diving into the subject, it must be stated that whenever Kamala claims that she’ll do something on “day 1,” we must understand that she is the current vice president and could fix any problems America is facing right now. But we are in a gray area where facts, like this critical one, are irrelevant. Last week, during the unveiling of her economic plan, the population and even friendly news outlets were stunned when Harris outlined policies tried and failed in socialist countries like Venezuela and the Soviet Union. Also, many of the economic problems that need to be fixed were a direct result of policies implemented during this current administration.

One of the most obvious concerns for Americans is grocery store prices. It’s something that surged under the Biden-Harris administration and something she simply cannot hide from. During her speech last week, Harris proposed a federal ban on price gouging (which she incorrectly pronounced as gauging). This would allow the government to set a limit on food prices. Anybody with even a minimal knowledge of history knows that government involvement almost always becomes the problem rather than the solution.

It is important to note that the grocery store industry operates on a profit margin of approximately two percent. They are not the problem! The problem is inflation that absolutely cannot be remedied by government controls. If inflation comes down, the price of everything else will follow, including rent, cars, food, and clothing. This administration’s erroneously named bill, The Inflation Reduction Act, compounded the problem of inflation by spending hundreds of billions of dollars on fraudulent green energy projects.

Although largely ignored by the media, in one of his recent press conferences, Trump has said he will use any unspent funds from this act and other areas to pay down the United States national debt. Simple and necessary. By lowering our debt, prices will naturally fall with no government control needed. Kamala Harris’ price gouging idea has been criticized by those on the left. An article from the Washington Post, a close ally of liberals and Kamala Harris, was forced to admit that this is a terrible idea. We’ve seen this movie before. One notable example is Venezuela.

During the 1950s, Venezuela was the 4rth richest country in the world, and it remained a wealthy country for decades. A drop in oil prices and mismanagement led to a decline in the nation.  In the late 90’s, Hugo Chavez rose to power and his socialist government implemented price controls on food items in 2003. This led to hyperinflation and food shortages. Combining this with other terrible socialist policy decisions from Chavez and Venezuela’s subsequent leader, Maduro, Venezuela, in 2024, is economically ranked 130^th out of 190 countries with Bangladesh, Uzbekistan, and Guatemala having a stronger economy. This is the direction Kamala Harris wants to take the United States in. People in America have this notion that our great nation can’t fail, but Venezuela is a prime example that debunks this, and it occurred in only a few generations.

Harris also addressed the current market’s soaring home prices, making it nearly impossible for young Americans to purchase their first house and build a family. Her solution? Giving first-time home buyers $25,000 toward their down payment. This seems like something a student might propose in a high-school economics class, and if the teacher had any sense, that student would fail. This would just drive the prices of homes up by about – well, let’s say $25,000. Also, it would cost taxpayers billions of dollars, and it does nothing to address the underlying reason why home prices are so high or why mortgage rates are astronomical.

The speech continued on as the VP floundered through economic policies in such a way that displayed her complete ignorance of how a healthy economy works. It was full of fluff and words strung together that offered no detail. Economists who have analyzed her economic proposals agree that, on every metric, they disregard the root causes of the problems and do nothing to fix them. Some admit her policies would only exacerbate our economic woes. We need the media to follow up on her speech, force her to explain her policy proposals in detail and push back on ideas that economists say will only perpetuate economic problems.

---

Professor Giordano sits down with Joel Pollak

---

The P.A.S. Report wants to hear from you. Send your feedback to podcast@pasreport.com.

Please like and share this episode with others & on social media.

---

*PA Strategies, LLC. may earn advertising revenue or a small commission for promoting products or when you make a purchase through any affiliate links on this website and within this post.

Follow Nicholas Giordano

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
•