A new report titled “Amateur Hour” from the Committee to Unleash Prosperity shows that most of the Biden-Harris administration’s top officials have zero experience in business.
In her one and only interview of the presidential campaign, Kamala Harris claimed she is “very proud” of the economy she and Joe Biden have presided over for almost four years.
Her rosy view of their management of inflation echoes Biden’s tone-deaf boasts about what a great job he’s done, while Americans struggle to pay for groceries.
“I’m very proud of the work that we have done that has brought inflation down to less than 3%,” Harris told CNN last week.
Considering they inherited an inflation rate of 1.4%, and their reckless spending propelled it to a peak of 9.1% in June 2022, that’s not exactly something to boast about.
Biden and Harris ignored warnings that the $1.9 trillion “American Rescue” spending package would overstimulate the economy at precisely the wrong time, just as we were emerging from pandemic lockdowns in March 2021.
Their reckless disregard of economic reality turbocharged consumption and drove inflation to 40-year highs.
But at least Harris had the sense not to declare Bidenomics a “success” when prompted to do so by interviewer Dana Bash.
“There’s more to do,” she admitted. “But that’s good work.”
What exactly that “good work” would entail is a mystery, considering Harris still doesn’t have a single policy on her website, refuses to do interviews like a normal candidate, and is relying on compliant journalists to walk back her most whacky ideas.
But what policies she has divulged so far are not promising: Soviet-style price controls to address food inflation — which she attributes to “price gouging” — and $25,000 handouts to first home buyers which will simply push up the price of real estate are two of her brain explosions.
In her embarrassingly brief CNN interview, to which she insisted on bringing wingman Tim Walz for emotional support, Harris muttered something vague about an “opportunity economy” being her “day one” priority.
But nobody has a clue what she means. One way of assessing how a Harris presidency would affect the economy is to look at the economic competence of her advisers and other administration personnel, many of whom are likely to play a role if she is elected.
Alarmingly, a new report titled “Amateur Hour” from the Committee to Unleash Prosperity shows that most of the administration’s top officials have zero experience in business.
