{"id":104068,"date":"2024-09-02T19:41:36","date_gmt":"2024-09-03T00:41:36","guid":{"rendered":"https:\/\/milesfortis.com\/?p=104068"},"modified":"2024-09-02T19:42:51","modified_gmt":"2024-09-03T00:42:51","slug":"104068","status":"publish","type":"post","link":"https:\/\/milesfortis.com\/?p=104068","title":{"rendered":""},"content":{"rendered":"

Harris-Biden inner circle have almost no business experience \u2014 no wonder Americans are hurting<\/a><\/p>\n

In her one and only interview of the presidential campaign,\u00a0Kamala Harris claimed she is \u201cvery proud\u201d of the economy\u00a0she and Joe Biden have presided over for almost four years.<\/p>\n

Her rosy view of their management of inflation echoes Biden\u2019s tone-deaf boasts about what a great job he\u2019s done, while Americans struggle to pay for groceries.<\/p>\n

\u201cI\u2019m very proud of the work that we have done that has brought inflation down to less than 3%,\u201d\u00a0Harris told CNN last week.<\/p>\n

Considering they inherited an inflation rate of 1.4%, and their reckless spending propelled it to a peak of 9.1% in June 2022, that\u2019s not exactly something to boast about.<\/p>\n

Harris said she is \u201cproud\u201d of the Biden administration\u2019s record on the economy.\u00a0Will Lanzoni\/CNN<\/p>\n

Biden and Harris ignored warnings that the $1.9 trillion \u201cAmerican Rescue\u201d spending package would overstimulate the economy at precisely the wrong time, just as we were emerging from pandemic lockdowns in March 2021.<\/p>\n

Their reckless disregard of economic reality turbocharged consumption and drove inflation to 40-year highs.<\/p>\n

But at least Harris had the sense not to declare Bidenomics a \u201csuccess\u201d when prompted to do so by interviewer Dana Bash.<\/p>\n

\u201cThere\u2019s more to do,\u201d she admitted. \u201cBut that\u2019s good work.\u201d<\/p>\n

What exactly that \u201cgood work\u201d would entail is a mystery, considering\u00a0Harris still doesn\u2019t have a single policy\u00a0on her website, refuses to do interviews like a normal candidate, and is relying on compliant journalists to walk back her most whacky ideas.<\/p>\n

But what policies she has divulged so far are not promising:\u00a0Soviet-style price controls to address food inflation\u00a0\u2014 which she attributes to \u201cprice gouging\u201d \u2014 and $25,000 handouts to first home buyers which will simply push up the price of real estate are two of her brain explosions.<\/p>\n

In her embarrassingly brief CNN interview, to which she insisted on bringing wingman Tim Walz for emotional support, Harris muttered something vague about an\u00a0\u201copportunity economy\u201d being her \u201cday one\u201d priority.<\/p>\n

But nobody has a clue what she means. One way of assessing how a Harris presidency would affect the economy is to look at the economic competence of her advisers and other administration personnel, many of whom are likely to play a role if she is elected.<\/p>\n

Alarmingly, a new report titled \u201cAmateur Hour\u201d from\u00a0the Committee to Unleash Prosperity shows\u00a0that most of the administration\u2019s top officials have zero experience in business.<\/p>\n

Economists Stephen Moore and Jon Decker have analyzed the work records and r\u00e9sum\u00e9s of the top 66 officials who deal with economic policy, regulation, commerce, energy and finance and found 58 percent have virtually no business experience.<\/p>\n

That includes Biden, Harris and Vice Presidential nominee Walz, none of whom has worked off the public teat. (A dubious tale Harris once told about working at McDonald\u2019s while in college doesn\u2019t count.)<\/p>\n

Moore and Decker found that the average business experience of administration appointees is only 3.1 years and the median years of business experience is a big fat zero.<\/p>\n

\u201cThe vast majority of the Biden-Harris economic\/commerce team members are professional politicians, lawyers, academics, community organizers, or government employees.\u201d<\/p>\n

Only 12% of\u00a0Biden-Harris appointees have extensive business experience, defined as 10 or more years in the private sector.<\/p>\n

\u201cAmateur Hour\u201d is an update of a similar report Moore and Decker produced in 2022, but this time they have focused on six of Harris\u2019 economic and finance advisers and found they have a \u201cdisturbingly low level of business\/finance background . . .<\/p>\n

\u201cThe total number of years of business experience for these top six staffers was 14.<\/p>\n

\u201cThey combined for an average of 2.3 years and, once again, the median was zero years.\u201d<\/p>\n

Only one of the top six Harris appointees, her chief of staff, Lorraine Voles, had extensive business experience and only two had any business experience at all.<\/p>\n

The average business experience of Biden-Harris\u00a0appointees is well behind the record of President Donald Trump\u2019s cabinet officials during his last year in office, who had an average of 13 years of business experience.<\/p>\n

A new report from the Committee to Unleash Prosperity found that most of the Biden-Harris administration\u2019s top officials have little to no business experience. Ron Sachs \u2013 CNP for NY Post<\/p>\n

\u201cIf history is any guide, it is likely that if Kamala Harris is elected president, many if not most of the Biden top officials will have positions of power in her administration \u2014 though possibly in different appointments and agencies \u2026<\/p>\n

\u201cBased on the personnel that Harris has surrounded herself with, we would expect a continuation of the anti-business agenda that we have seen under Biden \u2014 and perhaps worse.\u201d<\/p>\n

Without management experience or economic competence, key officials in the administration have bungled their portfolios.<\/p>\n

The authors single out Transportation Secretary Pete Buttigieg, the former small town mayor of South Bend, Indiana, who has presided over a\u00a0$6 billion program to build half a million electric vehicle stations\u00a0\u2014 which has produced fewer than 20.<\/p>\n

The report highlighted Transportation Secretary Pete Buttigieg\u2019s failure to build promised electric vehicle charging stations. Ron Sachs \u2013 CNP for NY Post<\/p>\n

Energy Secretary Jennifer Granholm, the former Michigan governor, \u201chas had a hard time with reporters even citing very basic energy statistics that calls into question her familiarity with the critical national energy issues she is overseeing.\u201d<\/p>\n

Granholm has said that she doesn\u2019t have \u201ca magic wand\u201d to deal with rising gasoline and home heating costs, but her department has \u201chelped kill vital pipelines and energy production and drilling facilities that could [help] alleviate the crisis.\u201d<\/p>\n

Secretary of Health and Human Services Xavier Becerra, a lawyer with little business or health care experience \u201cbotched the\u00a0billion-dollar program for free COVID testing kits\u00a0and has de-emphasized treatments for COVID that could have saved lives.\u201d<\/p>\n

Many Biden-Harris officials seem to be more interested in pursuing progressive social policies objectives than in expanding the economy, the authors say.<\/p>\n

Neera Tanden, the head of the Domestic Policy Council, career experience is solely in political campaigns and nonprofits. AP Photo\/Susan Walsh, File<\/p>\n

For example, Lail Brainard, Biden\u2019s choice as vice-chairman of the Federal Reserve Board, \u201cwants climate change and gender equity issues to be concerns and priorities of the nation\u2019s central bank [and] wants banks to stop lending to oil and gas companies.\u201d<\/p>\n

Phillip Jefferson, an economist at Davidson College, is now Vice Chair of the Federal Reserve Board with no private sector experience. \u201cThis might explain why the Fed has failed in its mission over the past four years to keep inflation low and the dollar stable.\u201d<\/p>\n

Neera Tanden, who\u00a0heads the administration\u2019s Domestic Policy Council, has spent her entire career working for political campaigns and nonprofits.<\/p>\n

Moore and Decker point to a few exceptions, such as Biden\u2019s newish chief of staff Jeff Zients, who has over two decades of experience in venture capital, tech, and health care, and Secretary of Commerce Gina Raimondo, who worked for 11 years as a successful venture capitalist.<\/p>\n

Secretary of Commerce Gina Raimondo recently claimed she wasn\u2019t familiar with the Bureau of Labor Statistics\u2019 downward revision of its recent jobs report.\u00a0Ron Sachs \u2013 CNP for NY Post<\/p>\n

However, Raimondo beclowned herself last month when she\u00a0told ABC News she wasn\u2019t \u201cfamiliar\u201d with the Bureau of Labor statistics downwards revision\u00a0to its latest jobs report of a staggering 800,000 jobs. Raimondo tried to claim it was \u201cmisinformation\u201d from Trump.<\/p>\n

Doubling down on the administration\u2019s progressive proclivity for wealth redistribution, higher tax rates on the rich, more regulation, more social welfare and climate-centric energy policies, a President Harris is a bleak prospect for the country\u2019s economic wellbeing.<\/p>\n

Polls show most Americans believe the economy is headed in the wrong direction, but there\u2019s no hope on the horizon if she wins.<\/p>\n","protected":false},"excerpt":{"rendered":"

Harris-Biden inner circle have almost no business experience \u2014 no wonder Americans are hurting In her one and only interview of the presidential campaign,\u00a0Kamala Harris claimed she is \u201cvery proud\u201d of the economy\u00a0she and Joe Biden have presided over for almost four years. Her rosy view of their management of inflation echoes Biden\u2019s tone-deaf boasts … Continue reading “”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,20,50],"tags":[],"class_list":["post-104068","post","type-post","status-publish","format-standard","hentry","category-business","category-economy","category-goobermint"],"_links":{"self":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/104068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=104068"}],"version-history":[{"count":3,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/104068\/revisions"}],"predecessor-version":[{"id":104071,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/104068\/revisions\/104071"}],"wp:attachment":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=104068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=104068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=104068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}