Saturday, August 17, 2024

Ahem. The Hard Right Sees Nixon-Era Price Freezes. They Are Losing Their Tiny Minds. Kamala Harris Hasn't Even Hinted At That.


All day long, I've been reading various ill-informed burpings, out of the hard right media and blog nuts.

They would like to falsely frame Kamala Harris' statements of yesterday as "price freezes" -- which we all know failed -- and failed miserably -- under Richard Nixon's (GOP) presidency.

I won't give any play to those false narratives. Economic incentives are not price freezes.

And we need look no further than the success of the current administration as to the just concluded price negotiation process, on the top ten US pharmaceutical products, to see how a deft but progressive hand might work. Here's what she actually said:

. . .My plan will include new penalties for opportunistic companies that exploit crises and break the rules, and we will support smaller food businesses that are trying to play by the rules and get ahead. (Applause.)

We will help the food industry become more competitive, because I believe competition is the lifeblood of our economy. More competition means lower prices for you and your families. (Applause). . . .


So don't let the liars con you. My Madame President will achieve inflation control with a series of carrots and sticks, similar to the incentives we saw under Mr. Obama's presidency. There will be no price freezes. Now you know.

नमस्ते

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