Newsletter BlurbAugust 21, 2024

Blame Shifting Instead of Problem Solving

The centerpiece of Harris’s economic agenda is opposing price gouging. She is trying to evade responsibility for her role in the cost-of-living crisis by pinning the blame elsewhere and pandering for votes.

The problem for Harris is the data does not support her price-gouging claim. Wholesale prices — the cost of doing business — have risen in tandem with consumer prices. If businesses were truly gouging, as Harris contends, consumer prices would have far outstripped these wholesale costs. A recent major Federal Reserve study confirms that there has been no increase in business markups.

The real reason for historic inflation, of course, is reckless spending and anti-energy regulations by the Biden-Harris administration. Kamala’s price controls would exacerbate the problem and devastate Main Street.

Alfredo Ortiz discussed this in greater detail in the Daily Caller and on Fox News.