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.
Bernie must be giving her advice
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.
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.