
Kamala Harris’ grand reveal of her economic plan turned into an epic campaign flop. She faces the unenviable task of trying to distance herself from Joe Biden’s deeply unpopular presidency and its catastrophic economic legacy, without admitting that the administration, in which she has played a key role, failed in its economic stewardship. This is a nearly impossible task, and she has now clearly flunked it.
In her speech in North Carolina fresh off the Democratic National Convention, Harris tried to show sympathy for the daily economic struggles of American families. She admitted that prices are “too high” and that basic expenses — food, rent, gas, school supplies, and medication — are leaving many with “not much … at the end of the month.”
Harris is not just endorsing Biden’s economic framework but accelerating it.
In what might seem a startling acknowledgement for a sitting vice president given its implications, she noted, “A loaf of bread costs 50% more today than it did before the pandemic. Ground beef is up almost 50%.”
What she didn’t acknowledge was the role that Biden-Harris administration policies played in getting us here. Her call to “chart a new way forward” offers anything but, and instead represents a full-throated embrace of “Bidenomics” — the very agenda that has contributed to soaring consumer costs and the struggles of middle-class families.
At its core, Bidenomics shifts blame for economic distress onto others, deliberately ignoring the role that massive government spending and burdensome regulations have played in causing economic stagnation, inflation, and high interest rates.
Full post by Daniel Mitchell @ Freedom & Prosperity https://freedomandprosperity.org/2024/opinion-and-commentary/kamalas-new-path-forward-is-bidenomics-on-steroi