Harris rolled out an economic plan on Friday that includes 25K in down payment assistance for first-time home buyers, building 3M new housing units, a new child tax credit, and measures to crack down on corporate price gouging on groceries. The latter seems to be getting the most attention, with the right predictably calling it "communism", but also getting some mixed reaction on the left.
I think this move is smart.
This debate has been brewing for awhile. But up until now, Dems haven't done much to counter the messaging from the right that inflation is all Joe Biden's fault (and now Harris' too) because of their bad policies. Obviously that's a simpleton message for low information voters. Inflation is a complex and multi-faceted issue. Now that this idea of corporate price gouging is out there in a big way, I expect we'll see a spotlight on it with plenty of discussion. There is almost certainly some truth to it, Dems are big on these types of economic analyses and wouldn't have moved on it without supporting data.
What will emerge from all this attention I expect, is a better understanding that inflation isn't so simple, and that indeed, average Americans have been paying more for groceries to pad corporate profits.
So the next time Trump does some presser with a bunch of Cheerios cereal boxes on display, while Trump is rambling on about Harris and Biden, more viewers will be thinking about the corporations too.


If corporations are forced to lower prices, they will respond with cost-cutting measures, which will include hiring freezes, layoffs, and salary/wage reductions. It doesn't take an economics professor to make this conclusion.