Former President Donald Trump on Thursday directly responded to a proposed effort from the Biden administration to lower prescription drug prices that the president announced alongside Vice President Kamala Harris on Thursday, likening her proposals to the policies of Venezuelan President Nicolas Maduro.
Biden on Thursday announced the move during an event in Prince George’s County.
“Now, Kamala is reportedly proposing communist price controls. She wants price controls,” Trump said at a press conference at his Bedminster, N.J., estate. “If they worked, I’d go along with it too. But they don’t work. They actually have the exact opposite impact and effect, but it leads to food shortages, rationing, hunger, dramatically more inflation.”
“She’s running on the Maduro plan,” he said. “[L]ike something straight out of Venezuela or the Soviet Union. This announcement is an admission that her economic policies have totally failed and caused really a catastrophe for our country and beyond that, a catastrophe in the world a little bit unrelated, but not totally unrelated.”
He further blamed the administration’s spending packages for rising prices, contending that landmark legislation ostensibly designed to curb price increases actually had the opposite effect.
“Their inflation Reduction Act, by the way, was a disaster. It’s what caused the inflation. Their inflation Reduction Act was a con job,” he said. “They actually admitted that it wasn’t really for inflation that they did it. They don’t know why they did it, but they named it the inflation Reduction Act, which was a very nice name, got approved based on that. Unfortunately, people didn’t understand it. I understood it. I said that’s going to cause tremendous inflation.”
Ben Whedon joined the Just the News team in March of 2022 after previously working as an editor and national security reporter for Breitbart News.
Reprinted with Permission from Just the News – By Ben Whedon
The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.
The problem with this line of reasoning is that Medicare Part A and Medicare Part B have had so-called price controls on Hospital stays, out-patient hospital treatments and doctor’s charges since 1965. I don’t think that any of us want to give that up.
If you want to see how much the drug companies have been gouging us for our prescription drugs, check out the costplusdrugs website for a real eye-opener.
If I wanted to live under Venezuela’s policies, I would have packed up and moved there,
It’s the same ol bait and switch. Socialists don’t have anything better.
Bernie must be giving her advice
Trump you are correct! Under their inflation reduction act our Medicare prescriptions and other treatments beginning in 2025, the supplemental advantage plan we now have through 2024 will cost us so much more for our medications, premiums and restrictive medical test that our plans will NO LONGER be covered.
When we need it most it is taken away. More of us will be having to sell assets to keep our health or opt to go untreated. This truly is the OCTOBER surprise of when we get our renewal Medicare info. They have been able to hide this “inflation secret” hidden till now.
TRUMP 2024 Please
Its all simple: any time the government gets involved, costs go up. Education is a good example. Since the department of education was formed in 1972, more money is spent on education, with poorer results. Same with healthcare. There has to be a better way. Maybe free market and competition?
Kamala can’t think of her own ideas, she has to steal them from Venezuela. “Gotta fight the evil dairy & egg cabal!” What an idiot… I mean the ppl smelling her sh-t and calling it roses
It no longer is father knows best but government knows what is best and how to implement it.Leave it to the government