(DailyEmailNews.com) – Forbes editor-in-chief and Republican businessman Steve Forbes slammed Kamala Harris’ economic strategies for being the landmark of “modern socialism.”
On Fox Business, Forbes argued that Harris aims to “control” rather than “liberate” the U.S. economy.
During his appearance on “The Evening Edit” with host Elizabeth MacDonald, Forbes discussed Harris’ proposal to impose a federal ban on “corporate price gouging” at food and grocery stores.
He blamed high inflation rates on Joe Biden’s administration and suggested that Harris’ approach echoed the ineffective policies of communist countries.
“This is about controlling the economy, not liberating the economy. I think the American people will see through it. This stuff never works. If you want to see how well it works, go to North Korea, go to Cuba, and go to the old Soviet Union. Look it up, Kamala,” Forbes remarked.
Forbes added, “I don’t think the American voters are going to accept a collapse of the American economy, doing things that hurt the economy rather than help it. Liberate it as President Trump is proposing.”
He further stated, “Take the shackles off. Reduce regulation. Reduce taxes, and by golly, the American people will come through as they’ve all done in the past.”
MacDonald and Forbes continued to criticize Harris for seeking a “big government fix like socialism,” which Forbes described as a repeatedly unsuccessful approach.
“It’s modern socialism. You don’t take things over. You just regulate it extensively, run it to the ground and blame those who are running it, even though you put them out of business. It’s a failed formula, and I don’t think we’re going to have to go through it,” Forbes asserted.
Harris is set to blame the high prices in grocery stores on corporate consolidation and greed with her complete economic plan.
Despite a report from July showing a 2.9% decrease in the Consumer Price Index (CPI) compared to the previous year, food prices have surged more than 20% since Biden assumed office in January 2021.
A recent Financial Times and the University of Michigan August poll indicates that nearly half of the respondents felt that Biden’s policies have damaged the economic landscape.
Nonetheless, 42% of those surveyed believed they would be financially better off under a Trump administration, as opposed to 33% who felt the same about a potential Harris administration.
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