(DailyEmailNews.com) – Putting the Democrat nominee on blast, Key Square Group founder and CEO Scott Bessent pulled no punches when he called Kamala Harris an “economic illiterate.”
Heading a major global investment firm, Bessent predicted Harris would tank the economy if she became president.
During the conversation, Bessent was blunt when criticizing Harris’ economic plans that include setting price caps to tackle inflation on essentials like rent and groceries.
“It is clear that she is an economic illiterate. She said price ‘gauging’ not ‘gouging’ and she’s just reading some talking points,” Bessent stated.
He even highlighted that the Washington Post’s editorial board blasted Harris’s approach, as the outlet wrote:
“So it’s a real political issue for Ms. Harris. One way to handle it might be to level with voters, telling them that inflation spiked in 2021 mainly because the pandemic snarled supply chains, and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it.”
“The vice president instead opted for a less forthright route: Blaming big business. She vowed to go after ‘price gouging’ by grocery stores, landlords, pharmaceutical companies and other supposed corporate perpetrators by having the Federal Trade Commission enforce a vaguely defined ‘federal ban on price gouging.'”
Bessent observed, “She is beginning hard left and the Washington Post is in a panic because they want her to move to the center rather than show her real character.”
Underscoring a stark contrast, Bessent remarked that the economic visions of Harris and former President Donald Trump were polar opposites.
Bessent affirmed that under Trump, the bottom 50% of Americans saw theor real wages grow.
In turn, he stated the “Biden-Harris policies ignited the greatest inflation in 40 years, all they did was spend, spend, spend.”
Bessent concluded with a stark warning about the potential financial impact of a Harris presidency.
“The market would be jarred by a Harris victory, especially if the Democrats kept the Senate and win the House. If there’s a Democratic trifecta, watch out,” he stressed.
However, he also suggested that the economy might see a “big rally” if the electoral tables turned in favor of Trump and the Republicans in the upcoming elections.
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