Kamala Harris, you can’t run from America’s cost-of-living crisis. And your price-gouging claims equal no sale
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Vice President Kamala Harris announced her economic agenda last Friday. It can best be summarized as deflection and projection. She attempts to defer the blame for inflation from Biden-Harris economic policy — where it belongs — to what she claims is “price gouging” by American businesses. Ironically, data from the administration’s own Labor Department proves her claims of price gouging are simply false.
Prices paid by businesses (as measured by the producer price index) have risen 19.4 percent under the Biden-Harris administration. That’s precisely the same increase as occurred in the prices paid by consumers over this period (as measured by the consumer price index). In other words, inflation has been impacting the entire supply chain from producers to consumers.
Had producers or retailers been price gouging (that is, increasing prices more than