Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Kevin O'Leary tears into Harris' 'inflationary' economic agenda: 'We're getting Bidenomics 2.0' By: FOX Business August 19, 2024 at 12:48 PM EDT "Shark Tank" star Kevin O'Leary told FOX Business investors are "shocked" by Kamala Harris' rehash of President Biden's economic policies during an appearance on "Varney & Co." Monday. Investors are "shocked" by Vice President Kamala Harris' rehash of President Biden's economic agenda, "Shark Tank's" Kevin O'Leary told FOX Business on Monday.The O'Leary Ventures Chairman, also known as "Mr. Wonderful," spoke with Stuart Varney ahead of the Democratic National Convention, sharing that he's none too happy with the Democratic nominee's proposed plan to implement price controls if elected."I've spoken with dozens of investors, and we're quite shocked just from the 30,000 feet. We thought Harris was going to reboot her whole position to the middle. The idea was to get the swing voters on board with her with a middle strategy. Instead, we're getting Bidenomics 2.0, which is a shock," he said.CRACKS IN THE WALL OF MEDIA PRAISE FOR HARRIS? MULTIPLE OUTLETS EVISCERATE VP OVER PRICE CONTROL PLAN"In addition to Bidenomics 2.0, if you look through the rally proposals, it's basically the same stuff they've been touting for the last 36 months. You've got this price control, price fixing, patina on top of it, which we know doesn't work." Last Wednesday, Harris announced her intention to institute a "federal ban on price gouging on food and groceries" as president in an attempt to stop "big corporations" from taking advantage of consumers, a proposal that quickly became steeped in controversy with even mainstream media outlets questioning the logic.DAVE RAMSEY EXPLAINS WHY KAMALA HARRIS' PRICE CONTROL PLAN WILL NOT CURB INFLATION: ‘IT’S NOT SUSTAINABLE'The liberal-leaning Washington Post editorial board even wrote last Friday, "Whether the Harris proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won’t."The proposal also earned criticism from financial gurus like Dave Ramsey, who recently said on the Fox News Channel's "The Ingraham Angle" that it's "not sustainable."TRUMP ACCUSES HARRIS OF 'SOVIET STYLE' POLICIES FOLLOWING PRICE CONTROL PROPOSAL"If you go back to the ‘70s, when we tried this in the U.S., it was a disaster. Look at Venezuela today or North Korea, or the old USSR [which] tried this. It leads to black markets. It leads to a complete loss of freedom of goods and a breakdown of distribution," O’Leary continued."This is a really, really, bad idea, and I'm so shocked that she's doing it. We're all shocked. We can't believe this is the platform. We're almost stunned because this leads to a position of just saying, 'Well, you're getting the same thing you had, and Bidenomics as a brand is toxic waste to the swing voter. It's associated with inflation. All of these ideas are very inflationary."GET FOX BUSINESS ON THE GO BY CLICKING HEREFox News' Gabriel Hays contributed to this report. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Kevin O'Leary tears into Harris' 'inflationary' economic agenda: 'We're getting Bidenomics 2.0' By: FOX Business August 19, 2024 at 12:48 PM EDT "Shark Tank" star Kevin O'Leary told FOX Business investors are "shocked" by Kamala Harris' rehash of President Biden's economic policies during an appearance on "Varney & Co." Monday. Investors are "shocked" by Vice President Kamala Harris' rehash of President Biden's economic agenda, "Shark Tank's" Kevin O'Leary told FOX Business on Monday.The O'Leary Ventures Chairman, also known as "Mr. Wonderful," spoke with Stuart Varney ahead of the Democratic National Convention, sharing that he's none too happy with the Democratic nominee's proposed plan to implement price controls if elected."I've spoken with dozens of investors, and we're quite shocked just from the 30,000 feet. We thought Harris was going to reboot her whole position to the middle. The idea was to get the swing voters on board with her with a middle strategy. Instead, we're getting Bidenomics 2.0, which is a shock," he said.CRACKS IN THE WALL OF MEDIA PRAISE FOR HARRIS? MULTIPLE OUTLETS EVISCERATE VP OVER PRICE CONTROL PLAN"In addition to Bidenomics 2.0, if you look through the rally proposals, it's basically the same stuff they've been touting for the last 36 months. You've got this price control, price fixing, patina on top of it, which we know doesn't work." Last Wednesday, Harris announced her intention to institute a "federal ban on price gouging on food and groceries" as president in an attempt to stop "big corporations" from taking advantage of consumers, a proposal that quickly became steeped in controversy with even mainstream media outlets questioning the logic.DAVE RAMSEY EXPLAINS WHY KAMALA HARRIS' PRICE CONTROL PLAN WILL NOT CURB INFLATION: ‘IT’S NOT SUSTAINABLE'The liberal-leaning Washington Post editorial board even wrote last Friday, "Whether the Harris proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won’t."The proposal also earned criticism from financial gurus like Dave Ramsey, who recently said on the Fox News Channel's "The Ingraham Angle" that it's "not sustainable."TRUMP ACCUSES HARRIS OF 'SOVIET STYLE' POLICIES FOLLOWING PRICE CONTROL PROPOSAL"If you go back to the ‘70s, when we tried this in the U.S., it was a disaster. Look at Venezuela today or North Korea, or the old USSR [which] tried this. It leads to black markets. It leads to a complete loss of freedom of goods and a breakdown of distribution," O’Leary continued."This is a really, really, bad idea, and I'm so shocked that she's doing it. We're all shocked. We can't believe this is the platform. We're almost stunned because this leads to a position of just saying, 'Well, you're getting the same thing you had, and Bidenomics as a brand is toxic waste to the swing voter. It's associated with inflation. All of these ideas are very inflationary."GET FOX BUSINESS ON THE GO BY CLICKING HEREFox News' Gabriel Hays contributed to this report.
