Sen. Ted Cruz (R-TX) recently criticized Vice President Kamala Harris over her “Soviet-style” economic policies. Earlier this week, the Democratic presidential nominee revealed her economic agenda, which seeks to utilize price controls to combat the disastrous economic conditions that have plagued American families throughout the Biden-Harris administration.
According to Cruz, “Queen Kamala, the federal government czar, is going to set prices, well, not on anything that matters, just food, just groceries, just what you feed your children and your family. That the federal government is now going to be in the business that the Soviet Union, their government, was in for a long time, deciding the prices of goods the people need and want. The only problem is history has shown that is absolutely disastrous.”
The Texas senator accused the Biden-Harris administration of overspending and rapidly increasing the money supply, leading to rampant inflation. Cruz claimed that “the Democrats spent a crap-ton of money they didn’t have, and they grew the money supply.” Biden and Harris’ fiscal efforts over the past few years have been heavily criticized for exacerbating inflation.
“There are a lot more dollars — if there are a lot more dollars, the price of everything goes up,” he said. “But secondly, there’s a second component of inflation, which is for four years, Kamala Harris and Joe Biden have waged a war on energy, and in particular, oil and gas,” Cruz continued.
The Texas Republican further explained how hostility toward fossil fuels has impacts across the supply chain. “When it comes to food, a big driver of the cost of food is the cost of fertilizer. And fertilizer, natural gas is a major ingredient. Energy costs are a major ingredient in the cost of fertilizer,” he added. “Every one of those trucks run on diesel as well, and so by waging a war on oil and gas, Kamala Harris is directly responsible for causing a massive increase on the cost of food at the grocery store.”
Cruz returned to the communist price controls, slamming Democrats for failing to understand economics. “So instead, what is their solution? The government will magically decree prices will be lower,” he said. “Her solution is an absolute train wreck. It is a disaster. It would hurt the American people badly. But understand she doesn’t know this. Far too few Democrats in Washington even have a basic understanding of economics.”
Former President Donald Trump has voiced similar criticism toward Vice President Harris’ price controls. “Now Kamala is reportedly proposing communist price controls, she wants price controls,” Trump said. “And if they worked, I’d go along with it, too, but they don’t work. They exactly have the exact opposite impact and effect and it leads to food shortages, rationing, hunger, dramatically more inflation.”
“She’s running on the Maduro plan. we call it the Maduro plan, like something straight out of Venezuela or the Soviet Union. This announcement is an admission that her economic policies have totally failed, and caused really a catastrophe for our country and beyond that, a catastrophe in the world,” he added. Watch Trump sound off on Harris below:
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