Kamala Harris Hails Disastrous Bidenomics Policies: ‘I’m Very Proud Of The Work That We Have Done’
On Thursday, Vice President Kamala Harris said she was “very proud” of the Bidenomics policies driving America’s ongoing economic crisis. The moment came during the vice president’s first sit-down interview since becoming the Democrats’ 2024 presidential nominee more than a month ago.
Speaking with CNN’s Dana Bash alongside her vice presidential pick Tim Walz, Harris pledged to create what she called an “opportunity economy” on her first day as president.
“I’ve already laid out a number of proposals in that regard, which include what we’re gonna do to bring down the cost of everyday goods, what we’re gonna do to invest in America’s small businesses, what we’re gonna do to invest in families,” Harris claimed.
Aside from expressing support for expanding the child tax credit — a policy first touted by Donald Trump’s running mate, Sen. J.D. Vance — and gifting $25,000 in taxpayer money to first-time homebuyers, the California Democrat offered few specifics on what her efforts would entail.
When confronted by Bash on why she’s failed to implement any of these policies during her three and a half years as vice president, Harris blamed the economic fallout from the Covid lockdowns before standing behind what the administration has done thus far regarding the nation’s economic pains.
“I’m very proud of the work that we have done that has brought inflation down to less than 3%, the work that we have done to cap the cost of insulin at $35 a month for seniors,” Harris said.
The 2024 Democrat nominee further defended the administration’s record when asked by Bash if she “maintain[s] Bidenomics is a success.”
“There’s more to do, but that’s good work,” Harris contended.
Try as she may, Harris’ gaslighting isn’t enough to convince everyday Americans that the U.S. economy is hunky-dory.
Contrary to her insinuation that high inflation is no longer a major problem, Americans are now paying more for everyday necessities such as groceries and electricity than they were under Trump. As my colleague Jordan Boyd recently noted, “Basic goods and services cost at least 20 percent more now than they did when [Joe] Biden and Harris first entered the White House.”
According to a July analysis by The Heritage Foundation, the U.S. national debt has increased by $7.9 trillion since the Biden-Harris administration came into office and is “likely” to see a net increase of “more than $9 trillion” by the end of the administration’s first term — “a new record.”
Contrary to Biden’s repeated claims, many of the jobs “created” under his and Harris’ tenure are not new jobs, but those recovered following the Covid lockdowns. The administration has regularly issued downward revisions for its monthly job reports. Last week, for example, the Bureau of Labor Statistics revealed that the U.S. economy added 818,000 fewer jobs from March 2023 to March 2024 than originally reported.
Home buying has also become a massive problem under the Biden-Harris administration. According to MarketWatch, “Americans are facing the most expensive housing market in decades, and home prices are at an all-time high.” Mortgage rates have also risen, hitting their highest level in more than two decades in October.
Shawn Fleetwood is a staff writer for The Federalist and a graduate of the University of Mary Washington. He previously served as a state content writer for Convention of States Action and his work has been featured in numerous outlets, including RealClearPolitics, RealClearHealth, and Conservative Review. Follow him on Twitter @ShawnFleetwood
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