Elizabeth Warren is back, and she’s pushing a plan so bad, even her usual allies are raising their eyebrows. If you thought Warren’s socialist tendencies were a thing of the past, think again. This time, she’s all in on Kamala Harris’s proposal to impose federal price controls on food and groceries. Yep, you heard that right – the same disastrous idea that’s been tried and failed in every communist regime is now being paraded as a solution to inflation.
The Debate That Exposed Warren’s Foolishness
On a recent episode of CNBC’s Squawk Box, Senator Warren faced off against host Joe Kernen, who didn’t pull any punches. For nearly 20 minutes, the two sparred over Harris’s price control plan, and let’s just say it wasn’t Warren’s finest moment. Kernen grilled her on the specifics, pointing out what everyone already knows – price controls don’t work. In fact, they’re a one-way ticket to higher prices and scarcity. But Warren, ever the die-hard socialist, tried to defend the indefensible.
Warren argued that federal price controls would protect consumers from corporate greed, throwing out the usual leftist talking points about “price gouging.” She even pointed to the recent rise in egg prices as an example, claiming that companies like Cal-Maine jacked up prices just to pad their profit margins. According to Warren, these companies aren’t just passing along costs; they’re exploiting consumers. But Kernen wasn’t buying it, and neither should you.
Kamala’s Communist Playbook
Let’s be clear – Kamala Harris’s price control plan is straight out of the communist playbook. We’ve seen this movie before, and it never ends well. When the government tries to control prices, it disrupts the natural balance of supply and demand. Instead of lowering prices, it creates shortages, as producers are forced to sell goods below market value. The result? Empty shelves and higher prices down the line.
But Warren, in her usual tone-deaf fashion, ignored these basic economic principles. She doubled down, insisting that price gouging is a major problem and that the government needs to step in. Kernen, however, had the facts on his side. He pointed out that price controls have never worked and never will. Just look at history – from the Soviet Union to Venezuela, price controls have always led to economic disaster.
Warren’s Misleading Examples
Kernen didn’t let Warren get away with her misleading examples, either. When Warren tried to use Cal-Maine as a poster child for corporate greed, Kernen quickly shut her down. He explained that the egg producer’s profits surged because of market conditions, not because they were gouging consumers. The avian flu wiped out millions of eggs, causing supply to plummet and prices to soar. It’s simple economics – when supply goes down and demand remains the same, prices go up. But Warren, in her desperation to justify Kamala’s ridiculous plan, conveniently ignored these facts.
Kernen also highlighted the absurdity of government intervention in pricing, asking how bureaucrats could possibly know when prices are “too high” or “too low.” He compared it to the oil market, where prices fluctuate based on global events. When oil prices skyrocket, companies like Exxon make huge profits. But when prices crash, so do their profits. It’s the nature of the market, and no amount of government tinkering can change that.
Final Thoughts
Elizabeth Warren’s attempt to defend Kamala Harris’s price control scheme was a disaster from start to finish. Her arguments were weak, her examples were misleading, and her socialist ideology was on full display. Joe Kernen exposed the flaws in her reasoning, making it clear that price controls are nothing more than a fool’s errand. If Warren and Harris get their way, we can expect more government overreach, higher prices, and an economy in shambles.
This debate should serve as a wake-up call for anyone who still thinks that government control is the answer to our problems. It’s not. The free market works – when it’s left alone. Government intervention, on the other hand, only creates more problems. And as Warren showed us, when you try to argue otherwise, you’re bound to get wrecked.
We’d love to hear your thoughts! Please comment below.
Jimmy
h/t: Steadfast and Loyal
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