Sen. Ted Cruz (R-TX) slammed Democratic presidential nominee Kamala Harris’ newly unveiled economic agenda utilizing price controls this week, warning that her agenda closely resembles “Soviet-style” policies that failed.
Cruz made the remarks during the most recent episode of his “Verdict” podcast with co-host Ben Ferguson while discussing the proposal.
“Queen Kamala, the federal government czar, is going to set prices, well, not on anything that matters, just food, just groceries, just what you feed your children and your family,” Cruz said. “That the federal government is now going to be in the business that the Soviet Union, their government, was in for a long time, deciding the prices of goods the people need and want. The only problem is history has shown that is absolutely disastrous.”
Cruz noted that the reason inflation has been such a problem over the past few years under the Biden-Harris administration is because “the Democrats spent a crap-ton of money they didn’t have, and they grew the money supply.”
“There are a lot more dollars — if there are a lot more dollars, the price of everything goes up,” he said. “But secondly, there’s a second component of inflation, which is for four years, Kamala Harris and Joe Biden have waged a war on energy, and in particular, oil and gas.”
Cruz explained how the Biden-Harris administration’s war on the oil and gas industry has made every product more expensive, especially food.
“When it comes to food, a big driver of the cost of food is the cost of fertilizer. And fertilizer, natural gas is a major ingredient. Energy costs are a major ingredient in the cost of fertilizer,” he said. “Every one of those trucks run on diesel as well, and so by waging a war on oil and gas, Kamala Harris is directly responsible for causing a massive increase on the cost of food at the grocery store.”
He noted that she now has a serious political problem to contend with because the policies she supported have harmed millions of Americans who will be voting in the upcoming election, yet she can’t admit it.
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“So instead, what is their solution? The government will magically decree prices will be lower,” he said. “Her solution is an absolute train wreck. It is a disaster. It would hurt the American people badly. But understand she doesn’t know this. Far too few Democrats in Washington even have a basic understanding of economics.”
Kamala Harris’s war on energy is a major driver of inflation. By driving up the cost of energy, the price of food has skyrocketed.
Instead of fixing the inflation that she caused, Kamala Harris’s proposed solution is Soviet-style price controls on food.https://t.co/ZyQmvDWgPc pic.twitter.com/vL5phatG28
— Ted Cruz (@tedcruz) August 16, 2024