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Plot twist! The honeymoon is over. Yesterday, the Washington Post’s Editorial Board ran its official op-ed about Vice President ‘Plan B’ and her new economic proposal, and it was a stinker:
Opinion | The times demand serious economic ideas. Harris supplies gimmicks.
'Price gouging is not causing inflation. So why is the vice president promising to stamp it out?
That was fast! The scathing op-ed was prompted by VP Cackle’s economic plan, if you can call it that, which she ‘unveiled’ yesterday by triumphantly plopping it onto the podium where it immediately sank like a lead super-yacht overfilled with migrants.
The gist of Kamala’s “plan” included:
(1) free money to ‘first-time’ home buyers, which will inflate the costs of homes,
(2) price controls on groceries to stop grocery-store ‘price gouging,’ which will cause shortages, and
(3) increased taxes on ‘corporations’ to pay for it all, which since corporations do not actually pay taxes but only collect taxes from consumers, means higher prices for everything.
It was a dumb plan, even for Kamala, which is saying something.
The WaPo’s Op-Ed started coolly and got icier from there:
Vice President Kamala Harris's speech Friday was an
opportunity to get specific with voters about how a Harris
presidency would manage an economy that many feel is not
working well for them. Unfortunately, instead of delivering a
substantial plan, she squandered the moment on populist
gimmicks.
“Thankfully,” WaPo’s Editors sneered, “this gambit by Ms. Harris has been met with almost instant skepticism, with many critics citing President Richard M. Nixon’s failed price controls from the 1970s.”
They just compared her to Nixon.
WaPo’s article ended with an expression of official disapproval: “Even adjusted for the pandering standards of campaign economics, however, Ms. Harris’s speech Friday ranks as a disappointment.”
It wasn’t just the Washington Post, either. The New York Times ran a straight-news piece on the Cackle Plan ending with this remarkable expert quotation:
Mr. Furman, by contrast, said there was a risk that policies meant to curb
corporate price gouging could instead keep the economy
from adjusting. If prices do not rise in response to strong demand,
new companies may not have as much inclination to jump into the
market to ramp up supply.
"This is not sensible policy, and I think the biggest hope is that it
ends up being a lot of rhetoric and no reality," he said. "There's no
upside here, and there is some downside."
My goodness. The era of media running complete cover for Harris appears to be over. That was fast.
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