Washington Post Critiques Harris Economic Plan

The Washington Post's editorial board has criticized Vice President Kamala Harris for her recent economic proposals, labeling them as 'populist gimmicks' that fail to address the underlying issues of inflation. In her speech, Harris aimed to tackle high prices by targeting 'excessive' corporate profits and proposing a federal ban on price gouging, yet the editorial pointed out that these measures echo failed policies from the past. The board expressed skepticism over her plan to offer $25,000 in down payment assistance to first-time homebuyers, warning it could exacerbate inflation by stimulating demand without addressing supply issues. While they acknowledged some merit in her housing plan and child tax credit increase, they emphasized that her overall approach lacks substance and clarity. Harris's failure to acknowledge the complexities of inflation and instead scapegoat big businesses drew particular ire. The editorial concludes that her proposals, if left unrefined, are unlikely to resonate with voters facing economic challenges.