It looks like the Deep State is NOT 100% behind Kamala Harris and her Marxist partner. When CNN as well as WAPO are allowing their own people to actually report the news, then you know things are looking badly for the Democrats.
In the realm where imagination dances with reality, the critique of Vice President Kamala Harris’s economic proposals by The Washington Post editorial board unfurls like a tale of unfulfilled promise. Here, amidst the whirlwind of words and policies, the board finds itself at odds with Harris’s approach, viewing it as a grand stage show that, beneath the lights, reveals an emptiness where substance should dwell.
How bad is Kamala Harris’ economic pitch today? Listen to the Washington Post reporter on CNN.
I said, Washington Post reporter on CNN… pic.twitter.com/QFEJJ9xQOI
— Chris Stigall (@ChrisStigall) August 16, 2024
Harris’s speech, a narrative crafted to address the persistent specter of high prices despite the cooling winds of inflation, felt more like a deflection—a finger pointed at big businesses as the culprits of the people’s woes. The board, with a discerning eye, questioned this choice of target, likening Harris’s approach to a ghost of failed policies past, specifically the ill-fated price controls of Nixon’s era. The term “excessive profits,” which Harris wielded like a sword against these corporate giants, was seen not as a precise instrument but as a blunt tool, lacking the sharp edge of clarity.
In the heart of her economic vision lies the contentious proposal of federal price-fixing, a mechanism designed to rein in the spiraling costs of everyday essentials. This idea, ambitious yet fraught with peril, would empower the Federal Trade Commission and state attorneys general to crack down on companies that dared to set prices deemed too high. Yet, to the seasoned economists and financial sages, this plan seemed like a perilous tightrope walk, one that could easily tip the balance of market forces into disarray rather than bring about the desired relief for consumers. Catherine Rampell, a voice of caution within the Post, did not mince words, branding the policy as dangerously flawed, a misstep that could echo the economic misadventures of more restrictive regimes.
.@asymmetricinfo on Kamala Harris’ economic proposals, “These are really bad proposals. They’re economically illiterate and it’s frankly been humiliating to watch adults, who know better, pretend that this is not as bad as it is.”
WP Subscriber Exclusive: https://t.co/dokArTOUBG pic.twitter.com/gzO1X9rBjl
— Washington Post Live (@PostLive) August 16, 2024
However, not all of Harris’s proposals were met with such icy reception. The board found a glimmer of hope in her housing plan, particularly in the cleverness of her proposed tax incentives. But even here, the shadows of concern loomed large. The $25,000 grant for new homeowners, though generous, was seen as a double-edged sword, one that could unintentionally cut deeper into the housing market, driving prices higher rather than easing the burden. The board mused that such a plan might find firmer footing if balanced by the removal of other housing subsidies, like the mortgage interest deduction, a fiscal black hole that benefits the wealthy at the expense of broader equity.
In the domain of child welfare, Harris proposed an increase in the child tax credit—a proposal that, on the surface, appeared to rest on solid ground. Yet, the board’s skepticism crept in, particularly regarding the funding of these initiatives. Without a clear map to new revenue, these well-meaning ideas could add a staggering $1.7 trillion to the federal deficit, a burden heavy enough to cast a long shadow over future generations. The editorial board pondered Harris’s commitment to President Biden’s promise not to raise taxes on households earning less than $400,000, noting the ever-rising costs of such an economic agenda.
Wow… Washington Post Editorial Board calls out Kamala’s populist/socialist policies.
“The times demand serious economic ideas. Harris supplies gimmicks.”
They’re right. Just shocking to see from them. pic.twitter.com/QXS7u4aaHq
— Geiger Capital (@Geiger_Capital) August 17, 2024
As the curtain fell on their critique, the board’s reflection on Harris’s proposals was tinged with disappointment. They acknowledged that campaign promises are often like stars—bright, distant, and frequently out of reach. Yet, even by these lofty standards, Harris’s economic vision, as presented, felt more like a missed opportunity than a beacon of hope. In the intricate dance of policy and politics, Harris still has much to prove if she is to convince both the electorate and the guardians of economic wisdom that her path is the right one. The journey ahead, as the editorial board suggests, is fraught with challenges that demand more than just rhetoric—they demand a harmonious blend of bold imagination and grounded reality.
Major Points
- The Washington Post editorial board critiques Vice President Kamala Harris’s economic proposals as lacking depth and substance.
- Harris’s focus on corporate “excessive profits” and price controls is seen as reminiscent of failed past policies.
- The board appreciates aspects of her housing plan but warns of potential unintended consequences, like rising home prices.
- Concerns are raised about the financial sustainability of her child tax credit proposal, with fears of adding significantly to the federal deficit.
- The overall assessment is one of disappointment, with the board urging Harris to balance ambition with practicality in her economic vision.
Fallon Jacobson – Reprinted with permission of Whatfinger News