Vice President Kamala Harris recently delivered a word-salad response when a reporter asked her about her recently unveiled economic policies. In her answer, the Democratic presidential candidate seemingly struggled to articulate an answer, giving long-winded commentary on high-level policies while throwing around the phrase “return on investment.”
While noting Harris’s economic platform announced last week, the reporter questioned how her administration would fund such initiatives alongside any other policies she intends to pursue. “Can you explain how you’re going to pay for those, and can you give us a sense of what other policies we want to unveil?” Harris was asked.
The vice president responded, “I mean, you just look at it in terms of what we are talking about, for example, around children and the child tax credit and extending the EITC that it’s at $6,000 for the first year of a child’s life. The return on that investment, in terms of what that will do and what it will pay for, will be tremendous.”
Harris then spoke about child poverty and housing in America. “We’ve seen it when we did it the first year of our administration reduced, we reduced child poverty by over 50% so that’s a lot of the work. And then what we’re doing in terms of the tax credits, we know that there’s a great return on investment. And when we increase home ownership in America, what that means in terms of increasing the tax base, not to mention property tax base, what that does to fund schools, again, return on investment,” she said.
Kamala claimed it was a “mistake” for people to not correctly assess what constitutes a return on investment. “I think it’s a mistake for any person who talks about public policy to not critically evaluate how you measure the return on investment when you are strengthening neighborhood, strengthening communities, and in particular, the economy of those communities, and investing in a broad-based economy. Everybody benefits, and it pays for itself,” she said.
Harris has received substantial criticism recently for her calls for “price controls” on groceries. Many have blasted the vice president for the policy stance that is comparable to central planning in communism, which has historically failed. Former President Donald Trump recently sounded off on Harris for going “full-communist” after unveiling this aspect of her agenda.
“Kamala went full-communist. She went full-communist. She wants to destroy our country. After causing catastrophic inflation, comrade Kamala announced that she wants to institute socialist price controls. You saw that, never worked before. Never ever worked. This is the Maduro plan, Venezuela, Maduro plan of the old Soviet Union. They tried it. How did the Soviet Union work out? It became Russia,” he said.
Watch Harris speak about her economic policies below:
Outlining the possible impacts of the policy, Trump continued, “It will cause rationing, hunger, and skyrocketing prices, just like their Inflation Reduction Act caused one of the great scams of all time,” he explained. “They got it approved with a beautiful name, Inflation Reduction, because inflation under their system has been so bad, it’s gone up much more than 50%, you know they say 30%, 40%, 50% … people are being devastated. They’re being devastated, but it’s gone way up, way up.”
Note: The featured image is a screenshot from the embedded video.
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