Scott Bessent Calls Kamala Harris Economically Ignorant

Scott Bessent, founder and CEO of Key Square Group, has labeled Vice President Kamala Harris an “economic illiterate,” warning that her economic policies could lead to a significant downturn if she were to become president. In an interview with Breitbart News, Bessent criticized Harris's recent economic program, which included proposals for price controls on rent and groceries, suggesting that her understanding of economic issues is fundamentally flawed. Bessent pointed out a notable gaffe in Harris's speech, where she mistakenly referred to "price gauging" instead of "gouging." He argued that Harris should be more transparent with voters about the causes of inflation, which he attributed primarily to pandemic-related supply chain disruptions and the Federal Reserve's policies supported by the Biden-Harris administration. He expressed concern that Harris's left-leaning stance is causing panic among mainstream media outlets, such as the Washington Post, which prefer a more centrist approach. In a related statement, Michigan Governor Gretchen Whitmer defended Harris, suggesting that Americans are overanalyzing the details of her economic plan. Bessent, however, contended that the economic conditions under the Biden administration have adversely affected the middle class, claiming that the bottom half of Americans have been in recession for the past two years. Looking ahead, Bessent predicted a potential economic recovery if Republicans regain control of Congress, asserting that a Trump victory could set the stage for a significant market rally.