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Ted Cruz Criticizes Kamala Harris' Economic Plan, Calling It 'A Disaster'

 August 17, 2024

Sen. Ted Cruz (R-TX) recently launched a scathing critique of Kamala Harris' economic agenda, drawing parallels between her proposed policies and failed Soviet-style economic controls.

Speaking on his Verdict podcast, Cruz highlighted his concerns about Harris' plans, which he likens to a train wreck, particularly her push for price controls, which he argued could lead to disastrous economic consequences, as the Daily Wire reports.

During the podcast, Cruz did not hold back in expressing his disapproval of Harris' economic vision, which he claims mirrors the flawed policies of the Soviet Union.

He emphasized that the Biden-Harris administration's approach has already inflicted significant economic harm, particularly by fueling inflation and driving up the cost of essential goods such as food.

Criticism of Biden-Harris Administration's Economic Policies

Cruz pointed to the administration's heavy spending and expansion of the money supply as key contributors to rising inflation. He described this approach as reckless, suggesting that the increased money supply has devalued the dollar and led to higher prices across the board.

"The Democrats spent a crap-ton of money they didn’t have, and they grew the money supply," Cruz said. "If there are a lot more dollars, the price of everything goes up."

According to Cruz, the Biden-Harris administration's policies have particularly impacted energy costs, which he argues are a significant factor in the rising prices of food and other essentials. He explained that energy costs, especially in the oil and gas sectors, have a direct impact on the cost of fertilizer, which in turn drives up food prices.

Energy Costs and Their Impact on Food Prices

Cruz delved deeper into the connection between energy costs and food prices, highlighting the administration's "war on energy." He argued that the policies aimed at reducing the use of oil and gas have had a cascading effect on various sectors, particularly agriculture.

"When it comes to food, a big driver of the cost of food is the cost of fertilizer," Cruz explained. "And fertilizer, natural gas is a major ingredient. Energy costs are a major ingredient in the cost of fertilizer."

He went on to discuss how transportation costs, particularly for trucks running on diesel, further contribute to the rising prices. Cruz placed the blame squarely on the administration's shoulders, asserting that their actions have made it more expensive to transport goods, thereby increasing costs for consumers.

Cruz Predicts Political Fallout for Harris

Cruz also suggested that Harris' support for these policies could pose a political risk for her in the upcoming election. He argued that millions of Americans have already felt the negative effects of the administration's economic agenda and are likely to express their dissatisfaction at the polls.

"Kamala Harris is directly responsible for causing a massive increase in the cost of food at the grocery store," Cruz stated. "She faces a political problem because these policies have harmed millions of Americans who will vote in the upcoming election."

As the conversation on the podcast continued, Cruz warned that Harris' proposed solution of government-imposed price controls would only worsen the situation. He expressed concern that such measures would lead to shortages and further economic instability, ultimately hurting the very people they are intended to help.

Cruz Warns Against Price Controls

Cruz made it clear that he sees government intervention in setting prices as a dangerous path. He argued that history has repeatedly shown that such measures tend to backfire, leading to greater economic challenges.

"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 quipped. "The only problem is history has shown that is absolutely disastrous."

He concluded by reiterating his belief that Harris' economic proposals would be "an absolute train wreck" for the American people. Cruz expressed frustration that, in his view, too few Democrats in Washington understand the potential repercussions of such policies.

Conclusion: Cruz's Strong Opposition to Harris' Economic Agenda

In summary, Sen. Ted Cruz has voiced strong opposition to Kamala Harris' economic agenda, particularly her support for price controls. Drawing comparisons to Soviet-style policies, Cruz warned that these measures could lead to disastrous outcomes, including higher prices and economic instability.

He attributed rising costs, especially in food and energy, to the Biden-Harris administration's policies and predicted that these issues could pose significant political challenges for Harris in the upcoming election.

As Cruz sees it, the proposed government intervention in the economy would only exacerbate existing problems, ultimately harming American consumers.