Left-Wing Washington Post Criticizes Harris’ Price Strike Plan: ‘I Missed the Moment’

Even the Washington Post isn’t buying Vice President Kamala Harris’ plan to crack down on socialist price controls on groceries.

The left-leaning broadsheet, which is owned by billionaire Jeff Bezos, published a scathing editorial blasting the Democratic presidential candidate for claiming that rising prices are causing inflation and, instead of offering a legitimate plan for them fixed it, offering only “populist tricks”.

With food prices rising more than 20% nationwide during the Biden-Harris administration, Harris, during a rally in North Carolina earlier Friday, revealed the economic policies he would implement during his first 100 days as president. , which include the implementation of government price controls on food items.

Instead of “level[ing] with voters” and saying that “inflation rose in 2021 largely because the pandemic took a toll on supply chains and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it,” the veep “selected a less direct route: Blaming big business”, writes the newspaper.

Bezos, who has been more complimentary of Republican presidential nominee Donald Trump recently, bought the paper in 2013, but he began taking a more active role in its operations last year.

The billionaire powerhouse’s portfolio — which includes e-commerce king Amazon and the Whole Foods Market chain — is likely to be swayed by Harris’ Commie-friendly policy ideas, such as the Federal Trade Commission implementing a ban federal price gouging that includes the imposition of heavy fines. companies that charge too high prices.

“Mrs. Harris says she will target companies that make ‘excessive’ profits, whatever that means,” the editorial board said.

However, she criticized her idea of ​​giving $25,000 to help first-time home owners with their down payments, saying it “risks putting upward pressure on prices”.

“Thankfully, this play by Ms. Harris has been met with almost immediate skepticism, with many critics citing President Richard M. Nixon’s failed price controls from the 1970s. Whether Harris’ proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won’t.

The editorial board had a warmer opinion of Harris’ housing plan, saying it was “built on a slightly stronger foundation” and calling her tax incentives “smart.”

“Such a measure could make sense if Ms. Harris paid for it by eliminating other demand-side housing subsidies, such as the mortgage interest deduction, an annual drain of about $30 billion in federal revenue that benefits many Americans rich – but she doesn’t. “, the newspaper writes.

He also said Harris’ “strongest foundation” was her proposal to increase the child tax credit from $2,000 per child to $3,600, among other tax breaks.

Harris’ campaign did not immediately return messages.