The United States has been tipped to inherit a new economic strategy if Kamala Harris wins the presidential elections in November, GB News understands.
After Joe Biden came to power in the wake of the 2020 elections, economists were quick to coin his economic policy ‘Bidenomics’ and was categorised by infrastructure investments and a tax increase on higher-income individuals.
However, since his withdrawal from the upcoming election following a disastrous debate against Republican rival Donald Trump, experts have started to question what an economic policy under the current Vice President might look like.
Speaking to GB News, Veteran GOP Media Strategist Adam Goodman gave his thoughts on what the future holds for the economy.
US tipped for ‘Kamalanomics and Walz-Street’ takeover after Biden made ‘big mistake’ with economic policyREUTERS/GB News
When asked whether Bidenomics would continue into a Harris presidency or Americans would see an emergence of ‘Kamalanomics and Walz-Street’, Goodman said Biden’s mistakes had left many people struggling to make ends meet.
He said: “I love the question. I thought President Biden made a big mistake in all but bragging about how successful Bidenomics is when two out of three Americans are having trouble making ends meet, it doesn't add up for them.
“You can point to macroeconomic indicators that the economist and the nattering on cable news will start to focus on and say, well, that must be kind of the read on the economy, people are hurting still.
“The price of living is going up faster generally than wages across the board.
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Adam Goodman suggested that Kamala's economic strategy will be to 'throw money at it'
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“More and more people can't afford housing. More and more people can't afford basic necessities.
“That's still a major issue. Now, Kamala has just come out with a proposal to give away $6,000 to every newborn.
“I think her answer to four years where Americans have not felt good about the economy, frankly, is to try to throw money at it.”
Goodman added that Donald Trump should adopt a ‘Brexit-style’ policy if he retakes the White House.
Goodman added that Donald Trump should adopt a ‘Brexit-style’ policy if he retakes the White House.
REUTERS
Continuing his train of thought, Goodman said that Trump needed to remind Americans what they had when he was President.
The host of the Host of 13th and Park Podcast explained that “just like with Brexit” Trump needed to send the message of “taking back control”.
He said: “President Trump's prescription is to say, ‘look, it's been a really tough four years. It didn't have to be like that. It wasn't like that. Under my administration, we're going to get control of this like they did with Brexit. It's a feeling of a loss of control. We're going to get control of this and we're going to start to turn the economy around.’
“Not so it pleases economists, but so it actually helps average Americans.”