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.

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