Head of Global Investment Firm: Kamala Harris an ‘Economic Illiterate,’ Will Crash EconomySean Moran 18 Aug 2024
Scott Bessent, the founder and CEO of Key Square Group, a global macro investment firm, told Breitbart News Saturday that Vice President Kamala Harris is an “economic illiterate” who would crash the economy if elected president.
Bessent spoke to Breitbart News Saturday host Matthew Boyle as Democrat presidential nominee Harris delivered an economic program on Friday, promising to institute price controls to combat inflation in rent and groceries.
Bessent said, “It is clear that she is an economic illiterate. She said price ‘gauging’ not ‘gouging’ and she’s just reading some talking points.”
Bessent noted that the Washington Post‘s editorial board slammed Harris’s economic agenda, the Post wrote:
So it’s a real political issue for Ms. Harris. One way to handle it might be to level with voters, telling them that inflation spiked in 2021 mainly because the pandemic snarled supply chains, and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it. The vice president instead opted for a less forthright route: Blaming big business. She vowed to go after “price gouging” by grocery stores, landlords, pharmaceutical companies and other supposed corporate perpetrators by having the Federal Trade Commission enforce a vaguely defined “federal ban on price gouging.”
“She is beginning hard left and the Washington Post is in a panic because they want her to move to the center rather than show her real character,” the macro investment CEO added.
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https://www.breitbart.com/politics/2024/08/18/exclusive-scott-bessent-kamala-harris-economic-illiterate-will-crash-economy/
