Econ desk: Harris Leans Into Full Communism
“Voters want to blame someone for high grocery bills” and Kamala Harris has chosen “corporate greed” by vowing to impose price controls, scoffs Catherine Rampell at The Washington Post.
“It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk. At best, this would lead to shortages, black markets and hoarding.”
“If your opponent claims you’re a ‘communist,’ maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.”
From the right: Walz’ Radical Record
Conservative: Kam’s Disastrous Housing Rx
“Kamala Harris’s vague, bare-bones plan to making housing more affordable” would make “housing prices go up,” explains National Review’s Jim Geraghty.
Just look “at how the federal government has tackled the high cost of higher education”: Its “approach to expensive tuition costs has been to underwrite and offer more and more loans and grants.”
The result: Colleges increased “the cost of tuition at twice the rate of inflation.”
Harris’ plan for “a $25,000 subsidy for first-time homebuyers” would push prices up, “probably about $25,000 per home, because buyers have more money in their pocket.”
And her “push for the ‘first-ever federal ban’ on food price hikes . . . at best would lead to shortages, black markets and hoarding, among other distortions.”
Campus watch: Will Kamala Mimic Shafik?
Minouche Shafik’s resignation as Columbia University’s president reflects “the left’s broad refusal to confront” its radical, anti-Israel “insurgents,” naively thinking the “divide can be ignored, bridged or papered over,” argues The Wall Street Journal’s Kimberley A. Strassel.
Shafik “tried to have it all ways,” and “Democrats are pursuing the same strategy on a national scale,” with Team Biden similarly pandering to protesters.
What Dems “fail to appreciate is that this crowd won’t be appeased by anything less than full capitulation,” including an “end to any support for Israel.”
The Coalition to March on the DNC is shipping busloads of protesters to Chicago; they threaten “to become the overriding theme” there. How will Harris respond? “Equivocation won’t look good.”./-
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