“If you want to recreate the happy economic conditions of The Walking Dead…”

A CNN commentator slammed presidential candidate Kamala Harris on Friday for her economic policy speech in North Carolina.

As previously reported, while speaking at a campaign event in North Carolina, Harris touted an unabashedly communist agenda that calls for imposing price controls on food manufacturers and inflicting more taxes on the American people.

Addressing the speech Friday afternoon on CNN, the network's only conservative commentator, Scott Jennings, explained every part of it, including Harris' claim that price controls are necessary because prices remain so high. tall

Jennings noted, for example, that her admission that prices remain so high is “a searing indictment” of … President Joe Biden's administration and herself.

Listen:

“He was very effective in exposing the extent to which the American people have been affected by the policies of the Biden-Harris agenda,” he mocked. “I mean, inflation is the number one problem, food prices, housing costs, the housing shortage, all of that is absolutely true.”

“And she and Joe Biden are in charge and she's directly cast votes that have led to these conditions. So I don't know how she plans to separate herself from Joe Biden on this because everything she's talked about today has a direct hand in it,” he added .

exactly

He proceeded to criticize her for claiming that these higher prices are the result of price gouging compared to her and Biden's policies.

“This is a total canard,” he said. “This is not true. This is done because they are trying to divert attention from the real inflation that has made everything in your life more expensive. So they need the American people to believe something other than the truth, there is no price gouging. Grocery stores, those things, work very small profit margins. There is no mess, only inflation.”

Fact Check: TRUE.

Grocery stores have very thin profit margins and people are talking about price increases. ♀️ pic.twitter.com/rHpVSB1sWX

— Lyn Alden (@LynAldenContact) August 16, 2024

Jennings wasn't done.

“So to come out and say, I'm going to get the federal government involved in price fixing or price capping and disrupt the flow of the free market economy; let me tell you something, if you like bread lines, product scarcity, markets, hoarding, if you want to recreate the happy economic conditions of 'The Walking Dead,' Kamala Harris has a plan for you,” he said.

“The bottom line is that Republicans are going to be all over this. It's not smart and it's a plan from a ticket that has no experience in the private sector and has no interest in taking responsibility for everything they've done to screw up the working class of the United States in an economic crisis,” he concluded. .

Ouch.

As previously reported, a number of others have also attacked Harris' plan, including former Obama administration economist Jason Furman.

“This is not a sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” he told The New York Times. “There is no upside here, and there is some downside.”

Ex-Obama administration economist sounds alarm on Harris policy proposal: 'There's no upside here' https://t.co/u16ZkD3CGX road @BIZPACRevision

— Based on BPR (@DumpstrFireNews) August 17, 2024

To be clear, there are indeed a number of drawbacks.

“Price controls have been disastrous whenever they have been implemented,” according to Reason magazine. “Prices are signals, ways of communicating the quantity of a good that consumers need and the quantity that must be produced. Interfering with these signals will create a terrible shortage.”

“Giving the government the power to intervene in the economy in this way will not lower prices, it will force some businesses out of business and some consumers into shortages of goods they could have otherwise bought. The the scale at which this devastation occurs depends on the scale at which the government decides to intervene,” the magazine notes.

Harris' proposal has also been criticized by financial expert Dave Ramsey.

“It's not sustainable because it's artificial,” he told Fox News. “If you just put a lid on something and if you want to explore what's really going on, you just have to go back to the 1970s. We tried that. There was a whole movement for price controls on everything, because inflation was out of control and it was rampant, just like now. And it's tried. It doesn't work.”

“What works is flooding the market with supply. More oil means lower oil prices. Lots of labor means lower labor prices, lots of whatever means lower prices. It's a simple supply and demand curve. It's called economics, and it's called a free market economy. When you bring the government into it and try to artificially limit it, it just doesn't work, because you can only hold that hose for so long until the pressure builds up and then it blows,” he added.

Senior Staff Writer
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V. Saxena is a writer for BizPac Review with a decade of experience as a professional writer and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University.

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