(DCWatchdog.com) – In one of the most potent critiques of Kamala Harris in recent days, Fox Business host Larry Kudlow has destroyed the Democrat presidential nominee over her economic policy speech, describing it as full of “blah blah blah.”
Kudlow expressed confusion about Vice President Kamala Harris’s remarks attributing inflation to “price gouging” during her speech outlining her economic agenda.
He criticized Harris’s proposal for a federal ban on “corporate price gouging” in food and grocery sectors during an appearance on “Special Report With Bret Baier.”
Kudlow highlighted that this strategy has been ineffective in the past, pointing to the Federal Trade Commission’s (FTC) unsuccessful attempts to litigate similar claims over the last three and a half years.
“Look, this is price controls by any other name. I mean, it’s like a sheep in sheep’s clothing. It’s price controls because it’s price controls,” the Fox journalist explained, cited by The Daily Caller.
“We know how bad that turned out for Nixon. Price controls never worked in Russia, Soviet Union, Venezuela, Cuba. They never worked. They cause shortages. They cause black markets, and eventually they cause higher prices because the controls are lifted because people are yelling about shortages. But no one really knows what she means by price gouging. There’s no definition,” he elaborated.
Kudlow further critiqued Harris’s vague language surrounding her potential administration’s policies.
“There is a lot of blah, blah, blah in their announcement about rules and the Federal Trade Commission — well, the Federal Trade Commission has tried a bunch of cases about price gouging or so-called corporate greed, and they’ve lost them all over the past three and a half years,” he stated.
Kudlow also challenged Harris’s selective scrutiny of corporate profit margins, questioning her focus on industries like grocery and meat production, which have relatively low profit margins.
“One more thing. Ms. Harris yelling about beef producers, I guess, and poultry producers, and grocery stores, so I looked at their corporate margins. Are they making any money? I mean, if they are gouging somebody, Bret, they must be enormously profitable, and they are not,” he said.
“The grocery stores’ profit margins: 1.2%. Meat, beef and poultry: 4.7%. All of American business, 8.5%. Look, if she wants to go after somebody for making too much money, here’s what Apple: 26%, Microsoft: 36%, NVIDIA: 53%. You see where I’m going on this? There’s no case to be made, no one knows what it is. But it’s bad, if it ever worked it would be bad,” the Fox journalist concluded.
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