On Friday’s “PBS NewsHour,” New York Times columnist David Brooks said that 2024 Democratic presidential candidate Vice President Kamala Harris’ “gouging” proposal “expresses a level of economic illiteracy which is kind of surprising in a responsible Democratic candidate.” And that the entire idea requires you to believe that “we had all these years of low inflation under Obama and under Bushes. And I guess people weren’t greedy then. And then Biden gets in, and suddenly, magically, they all get greedy and start price gouging.” He also said that the Biden administration overstimulating the economy helped cause inflation.
Brooks said, “I think the child tax credit is a good thing. She wants to de-regulate housing, so we can get more homes. But the price gouging is just — well, Catherine Rampell, The Washington Post columnist and a ‘NewsHour’ contributor, said it’s impossible to exaggerate how bad this policy is, and I agree with that. And Catherine had a good line that if your opponent is calling you a Communist, maybe don’t lead with price controls. And so, price controls just create shortages. They create black markets. We’ve seen it happen in Venezuela. We’ve seen it happen in the Soviet Union. Price controls just don’t work. What’s worse about that, first, it’s trying to address a problem that does not exist. Grocery prices, inflation has been less than 1% for the past year. It’s over. We had a surge, but it’s over. The problem does not exist.”
Just proves she has no clue what she is doing
Vice President, HA, HA, HA. She is nothing more than a figure head and Biden’s/Obama’s “token” black…