Inflation…Marxist Style

In spite of the issues being cited by the Democrats for the upcoming presidential election, inflation could most likely end up as a deciding factor. Moreover, Harris stated that she will address inflation as her day one priority. Where has this vice president been for the last 3.5 years? She’s complicit as she is attempting to separate herself from DementiaJoe’ failing policies!! Polls have long shown that Biden and Harris have been two of the most unpopular presidents and vice presidents of all time.

It’s an easy determination that people think with their pockets. The Biden-Harris administration had made the claim that “Bidenomics” got the economy back on track from the Trump years. That was a ridiculous statement considering that the economy under the Trump era was chugging along at record rates. The employment rates were at record high numbers in the Black Community, the Hispanic Community, the Asian Community and for women who were working at record numbers with record high wages. Inflation rates were 1.4% and the US was energy independent. And then the Wuhan pandemic hit. While the Biden administration could take some credit for a modest economic recovery, things would have bounced back naturally. The employment numbers under the Biden-Harris administration were rebound jobs. Under the Biden-Harris administration the inflation rate hit 9.3% and the wholesale rate was 10.5%.

American families are struggling to afford basic necessities such as food, clothing and fuel. For example, a gallon of milk that cost $2.99 during the Trump years now costs $3.99 or more…a 33%+ increase. The cost of living wages haven’t kept pace with these rising costs, leaving many working families in financial distress. Despite reassurances from the Biden-Harris administration, the economic policies promoted as solutions have, such as the ridiculous Inflation Reduction Act, in fact, worsened the financial burdens of hardworking Americans. Under former President Donald John Trump, inflation-adjusted median weekly earnings increased significantly: $63.10 for all workers, $78.80 for women, and $65.70 for Black workers. Under the Biden-Harris administration those gains were erased, with real median weekly earnings dropping by $28.89 for all workers, $31.60 for women, and $28.90 in the Black Community. The Hispanic Community, who saw a $47.20 increase in real weekly earnings under Trump, faced a decrease of $5.25 under Biden-Harris. And many families are tapping their savings accounts in order to pay their bills, while living paycheck to paycheck. These numbers are being painted over or ignored by Harris’ complicit mainstream media.

She hasn’t presented anything specific in regards to an economic plan other than her past bragging on Bidenomics, a phrase the administration has eliminated as inflation spiked. And as Harris conducts her rallies, she attempts to separate herself from the financial agenda which she gaslighted for 3.5 years. In the latest Rasmussen Reports survey, most voters believe her economic agenda will be worse or the same as Biden’s “Inflation Reduction Act,” which was a cover for the green new deal. Rasmussen found that 38% believe it will be “worse,” 33% “about the same,” and just 22% “better.”In the survey, 53% said the Biden-Harris economic plan has been unsuccessful. When Harris does make an attempt to discuss economics, she is absolutely clueless because she doesn’t know or understand.

Furthermore, the Biden-Harris administration promised to cap insulin prescriptions at $35.00, which was first proposed by former President Donald John Trump. And now Harris has picked up that the current administration’s lie. As a Type II diabetic, I can tell you that my prescriptions aren’t close to $35.00 as the prices inflated over the last four years. Additionally, Harris is pushing medicare for all, which means socialized healthcare, which means we are under government control, as they target seniors to hold down costs. This is supposed to start in 2026. More Harris gaslighting!

Let’s not forget that Harris, as the president of the Congress, on August 7, 2022 Harris cast the tie-breaking vote to pass the Inflation Reduction Act that provided $80 billion in additional funding to the Internal Revenue Service (IRS), who then targeted the service industry’s reporting of tips so that they could be taxed. In Feburary 2023, the IRS released a proposed revenue procedure known as the “Service Industry Tip Compliance Agreement” program that would include “monitoring of employer compliance based on actual annual tip revenue and charge tip data from an employer’s point-of-sale system, and allowance for adjustments in tipping practices from year to year.” Harris made the deciding vote that ratified the “Inflation Reduction Act,” which focused on the green new deal, but also spiked the inflation rate through the ceiling and prices increased astronomically.

Moreover, Harris wants to institute government price controls across the board, which historically has never worked in its attempt to control inflation and control corporate profits, which will suppress the economy. That type of price control exists in socialist countries, which results in the rapid increases of prices in necessary items, higher taxes, lower wages and possible shortages…a Venezuelan type of economy. The “IRA” spiked prices despite the administration’s claim that corporations are price gouging. If that’s the case, why are large supermarket chains, such as Stop and Shop for example, forced to close stores and layoff workers? The Biden-Harris administration passed off the blame to corporations, who are forced to raise prices. Harris wants to take the country further left.

The Harris campaign announced that the Democratic presidential nominee would push for “the first-ever Federal ban on price gouging on food and groceries” if she is elected in November. She would also deputize the Federal Trade Commission and state attorneys general to launch investigations into any companies that flout the centrally planned pricing regulations. But who is going to determine whether the prices are reasonable or not? The Federal Trade Commission? The administration? Furthermore, the proposals wouldn’t come close to addressing the roughly 20% cumulative inflation rate since Harris assumed office in January 2021, even as she and Walz claim their administration would cut costs and “keep inflation in check.” Let’s recall that Harris was a member of the administration that drove inflation rates through the roof. And she’s going to address it now?

Economist Stephen Moore added that “the average margin for a grocery store or 7-Eleven selling food is between 2 and 3 percentage points,” predicting that “many of them will go out of business” with price controls. Missing from Harris’ critique of food prices under the Biden administration is the role the inflation crisis has played in the cost of groceries…of which she has responsibility for!

Jason Furman, a top economist in the Obama administration, stated that anti-price gouging laws could inadvertently harm consumers. “This is not 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’s no upside here, and there is downside.” The Harris plan to control prices is not even popular in communist countries and the failed communist plans were pushed in Venezuela and the former Soviet Union.

Harris’s political problem is that the Biden-Harris economic policies have delivered inflation and declining real incomes. The high price of food is a particular sore point, and the Vice President’s response is to make it worse by resorting to Venezuelan-style left-wing populism.

Recent polls on the state of the economy show in no uncertain terms Americans believe that the country is, and has been, in a recession, despite what the administration is telling us.  Nearly 60% state that the US is already in recession, and on average, they say it started 15 months ago. Middle class America always identifies a recession before the Federal government officially makes the announcement.  All the lousy economic data that is publicly available: the shrinking job market, massive layoffs in the financial industry and the tech sector, credit and housing delinquencies, plus the $35 trillion in debt, are economic indicators. And the Biden-Harris administration still has no issue printing more Union greenbacks.

The Democrats have repeatedly made bold claims on domestic issues, with a particular focus on the economy. Harris, attempting to demonstrate her inner economist, blames inflation on “price gouging.” What she is constantly overlooking is that most economists would point to supply chain issues and government overspending as the real culprits. But she is employing the Democrats standard model: distract, distort and demonize those you accuse from your own economic failures, while blaming big corporations is always a safe bet.

And anything that Harris proposes to do with her economic policies would have to be approved by The Congress…which ain’t going to happen, because Harris is a communist and pushing a Marxist agenda. With Harris proposing corporate price controls, many critics are citing President Richard Nixon’s failed price controls from the 1970s. Even the Washington Post has trashed the plan, suggesting that “when your opponent calls you a ‘communist,’ maybe don’t propose price controls, when there is a demand for serious economic ideas. Harris supplies gimmicks,” and the results will be black markets, hoarding, less competition . . . and higher inflation. Communism! Moreover, the WAPO editorial board stated that Harris will target companies that make ‘excessive’ profits, whatever that means.” Harris is actually proposing a 64% Federal Gains Tax. In other words Harris will go after companies like Amazon and Apple, who are very profitable and employ thousands, which will imperil those jobs….Big Government Control! The Harris Campaign displays a complete lack of a basic understanding of how our economy and a free market work. WAPO demands serious economic ideas. Harris supplies gimmicks.

I have touched a bit about Walz: stolen valor, lied about his military service, in favor or defunding the police and let Minneapolis burn during the 2020 riots. Additionally, as governor, Walz has been adhering to his harmful socialist policies, which has damaged Minnesota. Due to his progressive agenda, he hurt the state’s economy, while pushing a progressive agenda which has been a failure for Minnesota’s small businesses and working families. Walz’s policies are reminiscent of the most overbearing government controls leaving Minnesotans feeling like they’re living under a regime rather than a democratic government, which is Harris’ agenda. Walz’s excessive taxation led to draconian lockdowns, as his administration has made it increasingly difficult for businesses to survive, let alone thrive. Sounds an awful like Obama’s stifling economic regulations during his tenure.

Since the Harris-Walz plan is to go after big corporations, and the mom and pop stores, in order to push their communist agenda as they claim to love democracy, those two fail to realize that the government should restrict its influence and interference with someone’s business…for better or worse. The question in a Constitutional Republic is who gave anybody the right to take money from one group and GIVE it to another? The Declaration of Independence states that people have the right to exercise their right for “The Pursuit of Happiness.” Happiness is not a constitutional right. Successful people go out and earn their own, it’s not handed to them, which is what Harris wants with “Income for All.” Communism!

Harris and her economic advisers will boast about reducing inflation to 3%. If inflation does slow to 2% per year, prices have still increased by over 20% since the Biden-Harris administration took office in 2020. A 2% inflation rate still means we’re dealing with prices that are 20% higher: milk, bread and eggs will still cost 20% more than when former President Donald John Trump left office. They are still experienced enough to spin doctor the numbers.

Bill O’Reilly summed up America’s future if the Harris-Walz ticket wins: “Do the American people really want this kind of leadership? You know what it leads to. It leads to government dominance over every part of our lives, which is what the progressives want. No free market place. No individual liberties, including the Second Amendment. This is such an interesting election on so many fronts.” The progressive agenda includes controlling free speech, controlling and attacking religious freedom and controlling the monetary system, both on the Federal government level with the obscene printing and spending of money and keeping track of a citizen’s personal finances…beginning at the $600.00 floor, which the Biden-Harris administration ratified. Remember George Orwell’s “1984.” “Big Brother is Watching!”