Kamala Harris’s Economic Plans Could Push America Toward Disaster
Vice President Kamala Harris has recently unveiled a series of economic proposals that she claims will address pressing issues like housing affordability and health care access. But while some progressive voices cheer her as a champion for the working class, others are sounding the alarm. Former Trump administration economist Kevin Hassett, who served as chair of the Council of Economic Advisers, is one of those leading the charge. In a recent interview with Fox Business, Hassett didn’t mince words, calling Harris’s proposals “chilling” and warning that they could lead America down a dangerous path.
“This is incredibly chilling,” Hassett said, expressing his deep concern over the Vice President’s economic agenda. “It’s communism, plain and simple.” His stark assessment echoes the sentiments of many conservatives who fear that Harris’s vision for the economy is not just misguided but potentially disastrous.
Hassett’s critique centers on Harris’s support for sweeping government interventions in the economy, particularly her advocacy for Medicare for All and government job guarantees. These policies, according to Hassett, represent a sharp departure from market-driven economics that have long underpinned American prosperity. “She comes out with the craziest, silliest economic proposals in presidential politics,” he remarked, highlighting what he sees as the extreme nature of her ideas.
One of the most troubling aspects of Harris’s proposals, in Hassett’s view, is the move toward government-controlled pricing. He likened this to the kinds of policies seen in failed states like Venezuela, where government intervention has led to devastating economic outcomes. “When the government starts setting food prices, that’s when people start having famines because the people who produce food can’t afford to do so,” Hassett warned. He believes that if Harris’s ideas were implemented, the United States could face similar consequences—shortages, economic instability, and a decline in overall prosperity.
Hassett isn’t alone in his concerns. The discussion surrounding Harris’s economic plans has also drawn sharp criticism from other financial experts and political leaders. Her proposal to subsidize the construction of three million homes and provide $25,000 to first-time homebuyers, for instance, has raised eyebrows. Critics argue that while these measures may sound good on paper, they could actually exacerbate inflation rather than solve it.
David Bahnsen, an investment manager and economic commentator, pointed out a fundamental flaw in Harris’s housing proposal. “Giving people $25,000 to buy a home does not make a home price cheaper; it makes a home cost $25,000 more,” Bahnsen explained. His argument is grounded in basic economic principles: when the government injects more money into the economy without increasing the supply of goods or services, the result is often higher prices.
This concern about inflation isn’t just theoretical. The Biden-Harris administration has already overseen significant price increases across the board, from groceries to gas. And as the administration pushes for more government spending and intervention, many fear that inflation will only worsen. Ned Ryan, CEO of American Majority, voiced his frustration, linking the administration’s policies directly to the inflation crisis. “Their response to this is, ‘We caused inflation, we’re going to try and fix inflation with more things that caused inflation,’” Ryan said, criticizing what he sees as a deeply flawed approach.
Former President Donald Trump also weighed in, warning that Harris’s economic agenda could lead to the same kind of economic collapse that has plagued countries like Venezuela and the former Soviet Union. He argued that these policies would inevitably lead to shortages, black markets, and skyrocketing inflation—conditions that would be catastrophic for the American economy.
Yet, not everyone agrees with this dire assessment. On the other side of the aisle, Harris’s supporters argue that her proposals are necessary to address the deep inequities that have long plagued the American economy. CNN political commentator Van Jones praised the Vice President’s boldness, particularly her willingness to take on corporate price gouging. “Thank goodness we’re finally hearing from a Democrat aggressively on price gouging,” Jones said, applauding Harris for what he sees as a necessary stance against corporate greed. “She knows that Americans are getting ripped off, and she wants to do something about it.”
As the nation heads toward the 2024 election, Harris’s economic proposals are likely to remain a flashpoint in the political debate. The sharp contrast between her vision and that of her conservative critics underscores the deep ideological divide in the country. While progressives see her as a fighter for economic justice, conservatives view her as a threat to the very foundations of American prosperity.
Ultimately, the question is whether the American people will buy into Harris’s vision or reject it as too radical. If history is any guide, the specter of government overreach and economic mismanagement could loom large over the campaign trail, with voters deciding whether they want to take a gamble on a new economic experiment or stick with the tried-and-true principles that have served the nation for generations.
For now, one thing is clear: the debate over Kamala Harris’s economic agenda is far from over, and the stakes could not be higher.
