Vice President and presumptive Democratic presidential nominee Kamala Harris is taking fire for her new "price-gouging" ban that critics say is little more than communism-style "price controls" where government heavily regulates industries.
Harris’ effort to address elevated consumer prices hits at a key pain point for Americans, but the details of how Harris plans to go about fixing that problem will be the subject of close scrutiny when she lays out the plan at a North Carolina rally Friday. Harris is expected to unveil a broader economic plan at the same rally, but so far there are few details on specifically how she will address inflation. Prices have risen more than 20% overall since she and President Joe Biden took office.
Harris’ campaign this week touted the “federal ban on corporate price-gouging” to help Americans with high grocery prices and prevent "excessive" profits. Harris' campaign said she would also order the Department of Justice to take a look at mergers between grocers and food producers.
Critics of the plan immediately blasted it as “price controls,” anti-capitalism and noted similar ideas failed in other countries. They also argue Harris is blaming corporations for high prices when inflation fueled by government spending is really to blame.
“Price controls might sound good to some, but they do not work,” U.S. Sen. Ron Johnson, R-Wisc., wrote on X, formerly known as Twitter. “They lead to supply shortages and in the end, higher prices. Looks like Kamala Harris is a communist at heart.”
Price gouging is currently already illegal, but the Biden-Harris administration has argued that corporations have taken advantage of elevated inflation to raise prices even higher.
“Tomorrow, Vice President Harris, a person who has never built a business, doesn’t understand profit and loss, has never met payrolls, and who has never competed in a consumer market, is going to propose federal price controls,” U.S. Sen. Rick Scott, R-Fla., said in a statement. “That should terrify every American. She claims that Congress needs to ban ‘price gouging,’ which is already widely illegal and not the cause of high prices. The skyrocketing prices created by the Biden-Harris administration aren’t price-gouging, it’s inflation.”
Price controls are a feature of communistic “command and control” economies, the reason Harris will likely seek to avoid the term, if her plan will truly include price controls at all, and why such a strong reaction broke out against the plan this week.
“[Harris’] solution to the Harris Price Hikes she caused is big government on steroids – where Washington bureaucrats stick their hands into American businesses and say what they can and can’t sell a product for,” Scott said. “It never works because it causes companies to make much less of something – destroying supply and causing a mass shortage of goods.”
Billionaire Vivek Ramaswamy, who ran in the Republican presidential primary and is considered a potential cabinet appointee if former President Donald Trump is elected, called out Republicans on the issue, asking whether they would have “the spine” to critique Harris’ plan.
“The GOP has a wide-open opportunity to embrace capitalism again,” Ramaswamy wrote on X. “No, that doesn’t mean blindly reciting neoliberal shibboleths about spreading ‘democracy through capitalism’ abroad (that doesn’t work: see China). But it *does* mean embracing exceptionalism & merit over protectionism & patronage here at home. That’s the fork in the road ahead for our own movement.”
Polling shows that inflation remains a top concern for voters and small business owners. Inflation has slowed from its breakneck pace earlier in the Biden-Harris term, but some goods and services have continued to rise.
As The Center Square previously reported, roasted coffee prices rose 9.1% and dairy product prices increased 9.4% in the past two months, according to the U.S. Bureau of Labor Statistics. Pork and “processed young chickens” prices saw slightly higher increases.
So far, Harris’ policy agenda has been sparse, and what record she does have on the border and her time as a prosecutor she has tried to distance herself from, making this new policy agenda crucial for her campaign.
Multiple whistleblowers have come forward telling U.S. Sen. Josh Hawley, R-Mo., that many working as part of former President Donald Trump’s security detail at a rally in Pennsylvania one week ago weren’t Secret Service and were “unprepared and inexperienced personnel,” Hawley says.
The accusation comes after the U.S. Senate Homeland Security and Governmental Affairs Committee, on which Hawley sits, announced it will conduct a bipartisan investigation into the July 13 assassination attempt of Trump.
Multiple whistleblowers contacted his office “with disturbing new information behind the assassination attempt on the former president,” he said.
They did so after Hawley opened a whistleblower tip line, pledging to protect the anonymity of everyone who contacts his office. Whistleblowers are encouraged to make protected disclosures by calling (202) 224-6154 or emailing [email protected].
In response to the information he has received so far, Hawley contacted Department of Homeland Security Secretary Alejandro Mayorkas, who oversees the U.S. Secret Service, demanding answers.
“Whistleblowers who have direct knowledge of the event have approached my office. According to the allegations, the July 13 rally was considered to be a ‘loose’ security event,” he wrote to Mayorkas.
“Whistleblower allegations suggest the majority of DHS officials were not in fact USSS agents but instead drawn from the department’s Homeland Security Investigations. This is especially concerning given that HSI agents were unfamiliar with standard protocols typically used at these types of events, according to the allegations.”
Other security failures identified, he says, include not using canine units to monitor entry and detect threats among the perimeter or crowd; unauthorized individuals accessing the backstage areas; and DHS personnel not “appropriately polic[ing] the security buffer around the podium and … not stationed at regular intervals around the event’s security perimeter.”
Hawley demanded answers after DHS “has not been appropriately forthcoming with members of Congress,” he said, and after he called on the committee’s chair, U.S. Sen. Gary Peters, D-Mich., to immediately launch an investigation.
“Although we still do not have all the facts, the little that we do know suggests a staggering security failure,” he wrote to Peters. “Evidently, the shooter was able to gain an elevated position on a rooftop with a clear line of sight of the President, well within accurate range, with a firearm. The details of this tragedy must be vigorously investigated by Congress, including the motive of the shooter, and the serious operational failures that occurred on July 13.” Hawley called on Peters to “launch a full, public, and comprehensive committee investigation into this assassination attempt and failures to adequately protect the former president,” including calling Mayorkas and Secret Service Director Kimberly Cheatle to testify.
Peters and U.S. Sen. Rand Paul, R-KY, the ranking member of the committee, announced the committee will conduct a bipartisan investigation and hold a hearing. They first requested an urgent briefing with the Secret Service, DHS and the Federal Bureau of Investigation. A call committee members did have, Hawley says, was ended before they could ask a single question. “This is completely unacceptable and contrary to the public’s interest in transparency,” he added.
Peters said the committee “is focused on getting all of the facts about the security failures that allowed the attacker to carry out this heinous act of violence that threatened the life of former President Trump, killed at least one person in the crowd, and injured several others.”
Peters and Paul also sent letters to Mayorkas and to FBI Director Christopher Wray requesting a range of documents and information on security process, among other information. A briefing was requested before July 25 and a public hearing is scheduled for Aug. 1.
Hawley is also demanding answers from BlackRock CEO Larry Fink requesting all records related to the assassination attempt after it became public that the alleged shooter appeared in one of BlackRock’s commercials.
What appears to be a clip of the commercial “has circulated widely on social media and raised the question about what your company knows about the shooter,” Hawley told Fink.
Fink is requested to provide the information by July 24.
When accepting his party’s nomination for president, Trump said at the Republican National Convention last week that surviving the assassination attempt was “a gift from God.” At a rally on Saturday, one week after the shooting, he said he “took a bullet for democracy.”
A Tennessee Republican senator called for President Joe Biden to resign immediately after the 81-year-old dropped out of the presidential race early Sunday afternoon.
U.S. Sen. Marsha Blackburn said Biden must resign as president.
"If Joe Biden is too weak to stay in the race for the presidency, he should RESIGN as our Commander-in-Chief immediately," she wrote in a post on X.
Democrats praised Biden's work in office.
"President Biden has been an extraordinary, history-making president – a leader who has fought hard for working people and delivered astonishing results for all Americans," California Gov. Gavin Newsom wrote. "He will go down in history as one of the most impactful and selfless presidents."
Texas Gov. Greg Abbott, a Republican, said the first debate between former President Trump and Biden was the catalyst.
"It looks more and more like that very early debate was a set-up to force Biden to step aside," Abbott wrote on X. "Today's announcement may not have happened without that disastrous debate."
President Joe Biden ended his reelection bid Sunday, opening the door for Vice President Kamala Harris or another top Democrat to replace him atop the ticket.
Tesla founder and X owner Elon Musk said the smart set was voting for Trump.
"My smartest friends, including those living in the San Francisco Bay Area who have been lifelong Dems, are excited about Trump/Vance," he wrote in a post on Sunday afternoon. "I believe in an America that maximizes individual freedom and merit. That used to be the Democratic Party, but now the pendulum has swung to the Republican Party."
U.S. Senator Tammy Baldwin, D-Wis., said it had been an honor to work with Biden.
"I've been inspired by his decency, integrity and dedication to service, and I'm deeply grateful for that," she said in a statement. "Thank you, President Biden."
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