As the 2024 presidential race tightens with just 80 days left before the election, financial security and inflation remain top issues among voters. Amid this, Vice President Kamala Harris and former President Donald Trump are presenting dueling visions for strengthening the U.S. economy.

Harris is set to unveil a broader economic plan on Aug. 16 that will touch on making prices affordable for consumers, including efforts to restrict price gouging.

She plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries” when elected, her campaign stated on Aug. 14.

The proposal was made after the Biden administration announced on Aug. 15 that it had reached an agreement with drug companies to lower prices for 10 of the most expensive prescription drugs covered under Medicare.

Trump has pinpointed prices and affordability in his bid to return to the White House.

In an Aug. 14 speech, the former president pledged to reduce energy costs by prioritizing drilling for oil and natural gas. He also said he would direct his cabinet to “defeat” inflation and decrease consumer prices. During a press conference on Aug. 15, he highlighted grocery costs and U.S. energy demand.
...
Harris is expected to call on Congress on Aug. 16 during a speech in North Carolina to pass a federal ban on price gouging as part of her economic plan to lower costs, including grocery bills.

She is also expected to emphasize her commitment to ensuring that all Americans, not just seniors, can pay less for prescription drugs in the years ahead.

The Trump campaign focused on high prices and energy production in two events on Aug. 15—Trump’s press conference at his club in Bedminster, New Jersey, and a rally in New Kensington, Pennsylvania, hosted by his running mate, Sen. JD Vance (R-Ohio).

Standing next to a table with grocery products, including coffee, cereal, bagels, and bacon, Trump said everyday Americans face oppressively high prices on normal expenses.

“Grocery prices have skyrocketed,” Trump said, citing inflated costs for bread, butter, baby formula, eggs, and other groceries.

Trump criticized Harris’s plan to have the federal government restrict price gouging and suggested it would lead to food shortages and long-term price increases instead of reductions.

Beyond inflation, the campaign’s central line of attack on the affordability crisis is energy production. Trump and Vance targeted the topic in both speeches, with the former president arguing he would “immediately bring prices down” by increasing oil and natural gas drilling.

Vance agreed, highlighting the efforts of energy workers in western Pennsylvania.

“Let’s allow these guys to get it out of the ground,” Vance said, referring to oil and natural gas.

Vance said that increased energy production creates “economic opportunity for people” by lowering the cost of manufacturing and making it easier to heat homes during winter, leaving more money in consumers’ pockets for other expenses.

Both Trump and Vance criticized the Biden–Harris administration over energy production and suggested the two have prioritized an agenda that limits drilling and fracking.
...
Trump also criticized Harris for being the tie-breaking vote to pass the American Rescue Plan Act in the U.S. Senate, a $1.9 trillion economic stimulus bill intended to bolster recovery from the pandemic, but has also been linked to inflationary increases.

https://www.theepochtimes.com/us/harris-trump-launch-opposing-visions-on-strengthening-us-economy-5706704

Price controls have never worked.

so is trump going to federalize the oil industry and force them to start drilling oil wells that they don't need now?

Why is it always expanding government with you?

What is it always abusing governmental power with you!

ASS!

Lift the restrictions and the oil and gas companies will swing into action!

the oil companies are making record profits and are holding onto all kinds of well permits that they aren't using now.    why would they want to drill more wells?

So you think it is in the interest of oil companies for people to stop needing oil?

How does that make sense?

Even Obama sees high prices as a detriment to oil companies!

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To find more oil.  Duh.

Republican Communist economic plan.  To add another $4 to $5 Trillion to our nations debt to increase the $60 trillion they already created.  Same economic plan as always.  Make America Poor Again.  DAMN (https://www.aesopsretreat.com/forum/Smileys/classic/107w9oy.gif)

Democrats have never forgiven Republicans for ending slavery and the Soviet Union!

republicans are planning on giving more of your money to the oil industry, who are already making record profits, at the expense of regular Americans.

democrats want to pass programs to help regular American buy homes and afford food.

the parties are not the same.   

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Nope.

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Nope.

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Correct! (http://www.aesopsretreat.com/forum/Smileys/classic/grin.gif)

I'm just going by what you said dan. 

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No you’re not, Vit.  I never advocated giving any industry any money.  I never said democrats wanted to help Americans.


So you heard wrong (or are lying again).

CCPWvit lives to lie!

He thinks oil companies want people to find other sources of energy!

Prices aren't up 25% under Brandon because of corporate price gouging.  Hahahahahahaha!  Anti-capitalist commies just don't understand.

Are prices up 25 percent chuck or are you just blabbering your shit again?   Do you have a source for that claim?

The Consumer Price Index was 307.051 in November 2023, 17% higher than the 261.582 it was in January 2021, figures from the U.S. Bureau of Labor Statistics show.

Put another way, $100 in January 2021 has the same buying power as $117 in November 2023.

https://wisconsinwatch.org/2024/01/inflation-biden-consumer-price-index-labor-statistics-fact-brief/

This is 7 months out of date!

(http://www.aesopsretreat.com/forum/richedit/upload/2kc43c81cf53.png)

Remember there has been no instance of disinflation!

No wonder commies just don't understand.  They don't even have the facts and data straight.  Hahahaha!

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So you’re just going to move on and not address what I just said?  Not take any responsibility?  (http://www.aesopsretreat.com/forum/Smileys/classic/sad.gif)

Democrats never take responsibility!

Gee,
Being the sitting VP...one would think she'd be hitting Congress/ Senate hard to avoid the coming recession, but she is not that bright.

According to the Federal Reserve Bank of Minneapolis, the consumer price index (CPI) in the United States increased from 240.0 in 2016 to 255.7 in 2019, with inflation rates of 1.3%, 2.1%, 2.4%, and 1.8% respectively.

There's always a recession coming omiaqt.   Our economy goes up and down and always has.   But right now there' no sign of any recession anytime soon.

Your stupidity never ceases to amaze Comrade Nit Wit. The oild companies are not "holding on" to permits. They are waiting for the endless regulations to be approved before they can even see if there are fossil fuels on the land.

When inflation was running just 2%, prices where stable and no one was talking about gouging.  What, is this so-called gouging some recent phenomena?  LOL  Common sense evades radical left nutballs.  All one has to do is look at the price of gold.  Gold is stable in value over centuries.  The price is only a reflection of changes in the value of the money it is priced in.  No one is gouging the price of gold.

 None of that is true according to the claims made by Democrats when they created the Federal Reserve Bank!

Democrats insisted that would prevent recessions!

It's incredulous that the commies who created our woes even want to do anything about them.

Democrats always call for Americans to surrender their rights in exchange for the illusion of stability!

The price is far too high!

https://www.youtube.com/v/cr8fhqb6MO8

https://www.youtube.com/watch?v=cr8fhqb6MO8

Name one time when price controls worked!

Democrats cannot name one-time price controls worked!

Democrat silence proves my point!

The US economy created 818,000 fewer jobs than previously reported!

Labor Department releases key payroll data!

The Bureau of Labor Statistics revised down its total tally of jobs (https://foxbusiness.com/CATEGORY/JOBS) created in March by 818,000 as part of its preliminary annual benchmark review of payroll data.

It marks the largest downward revision since 2009, and suggests the labor market began losing steam earlier than initially thought.

"The labor market appears weaker than originally reported," said Jeffrey Roach, chief economist at LPL Financial. "A deteriorating labor market will allow the Fed to highlight both sides of the dual mandate and investors should expect the Fed to prepare markets for a cut at the September meeting."

https://www.foxbusiness.com/economy/us-economy-created-818000-fewer-jobs-than-previously-reported

Democrats lying about job creation in an election year?  Makes you wonder what else they’re lying about.

Yes, it does!

Democrats corrupt everything they touch!

The whole of the Great Bureaucracy lies for the Democrat party!

You can bet reality is far worse than the government will admit!