Exclusive — Head of Global Investment Firm: Kamala Harris an ‘Economic Illiterate,’ Will Crash Economy

host Matthew Boyle as Democrat presidential nominee Harris delivered an economic program on Friday, promising to institute price controls to combat inflation in rent and groceries.So it’s a real political issue for Ms. Harris. One way to handle it might be to level with voters, telling them that inflation spiked in 2021 mainly because the pandemic snarled supply chains, and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it.

He noted that the Trump economy helped almost every American as real wage grew for the bottom 50 percent of Americans. In contrast, he said the “Biden-Harris policies ignited the greatest inflation in 40 years, all they did was spend, spend, spend.” Bessent said that the bottom half of Americans have been in a recession for the last two years, saying that Harris and “Biden have wiped out the middle class.”

“The market would be jarred by a Harris victory, especially if the Democrats kept the Senate and win the House. If there’s a Democratic trifecta, watch out,” he continued. Bessent charged that the economy would be primed for a “big rally” if Trump were to win the House, Republicans keep the House, and the GOP flips the Senate.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

EXCLUSIVE: Alice Mushrooms Lands Investment From L Catterton, Zac Efron, Pedro Pascal and Kevin HartFunctional mushroom brand Alice Mushrooms has secured an investment led by L Catterton with participation from Zac Efron, Pedro Pascal and Kevin Hart.
La source: wwd - 🏆 24. / 68 Lire la suite »

EXCLUSIVE: Frankies Bikinis Opens First Permanent Store in Its Hometown, Boosted by Victoria’s Secret InvestmentFrankie's Bikinis opens first retail store in Malibu where founder Francesca Aiello grew up and pals Bella Hadid and Kylie Jenner helped popularize the brand.
La source: wwd - 🏆 24. / 68 Lire la suite »

EXCLUSIVE: Marianna Hewitt, Lauren Ireland’s Summer Fridays Lands Investment From TSG Consumer PartnersSummer Fridays, the beauty brand founded by influencers Marianna Hewitt and Lauren Ireland, has a new investor.
La source: wwd - 🏆 24. / 68 Lire la suite »

China's overseas investment funds relax purchase restrictions after global sell-offChina's overseas investment funds relax purchase restrictions after global sell-off
La source: Investingcom - 🏆 450. / 53 Lire la suite »

U.S. must boost missile defense investment to counter rising global threatsSenior Pentagon officials say the U.S. needs more investment in missile defense to protect against evolving threats.
La source: News4SA - 🏆 251. / 63 Lire la suite »