The founder and CEO of the international macroinvestment business Key Square Group, Scott Bessent, claimed that Vice President Kamala Harris is an “economic illiterate” who, if elected, will destroy the economy.
Bessent talked with Matthew Boyle of Breitbart News Saturday after Democratic presidential candidate Harris’s Friday economic speech, during which he pledged to impose pricing controls in order to fight inflation in groceries and rent.
“It is evident that she lacks economic literacy,” Bessent stated. She claimed that she was only reading some talking points and “gauging” prices rather than “gouging.”
Bessent pointed out that the editorial board of the Washington Post attacked Harris’s economic goals, writing:
“So, Ms. Harris views it as a serious political issue. Getting down to the people and explaining that the epidemic disrupted supply chains and that the Federal Reserve’s policies—which the Biden-Harris administration backed—are slowing inflation may be one strategy to deal with the situation. Rather than taking a direct approach, the vice president chose to place the blame on big business. In order to combat “price gouging” by supermarkets, landlords, drug manufacturers, and other alleged corporate offenders, she pledged to use the government Trade Commission to impose an ambiguously worded “government prohibition on price gouging.”
The CEO of macroinvestments continued, “She is starting hard left, and the Washington Post is in a panic because they want her to shift to the middle rather than expose her true nature.”
Governor Gretchen Whitmer (D-MI) claimed on Sunday that people were “reading too much” into the details of Harris’s proposed economic plan.
The economic perspectives put forward by Harris and the late President Donald Trump, Bessent continued, “could not have been more stark.”
He pointed out that while the actual wages of the poorest 50% of Americans increased, the Trump economy benefited nearly everyone. He contrasted this by stating that the “Biden-Harris policies, which consisted solely of spending, spending, spending, sparked the largest inflation in 40 years.”
Bessent said that the lower class of Americans has been experiencing a recession for the past two years and that Harris and Biden “had wiped off the middle class.”
“A Harris triumph would rock the markets, particularly if the Democrats won the House and maintained the Senate. “Watch out if there’s a Democratic trifecta,” he said. According to Bessent, if Trump won the House, Republicans retained it, and the GOP took over the Senate, the economy would be ready for a “huge rally.”
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