'SCARY': 'Bar Rescue' host torches Kamala's price control plan

Published: Aug 15, 2024 Duration: 00:03:53 Category: News & Politics

Tags : Kamala Harris economy inflation 2024 election election Fox Business fbn kamala harris economic plan food costs neil cavuto Kamala Harris food costs Kamala Harris price control Bar Rescue Bar Rescue Jon Taffer Cavuto: Coast to Coast Jon Taffer

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>> THE TIME HAS COME FOR DECISIVE ACTION THAT WILL BREAK THE VICIOUS CIRCLE OF SPIRALING PRICES AND COSTS. I AM TODAY ORDERING A FREEZE ON ALL PRICES AND WAGES THROUGHOUT THE UNITED STATES FOR PERIOD OF 90 DAYS. NEIL: IT DIDN'T WORK. A CONSERVATIVE PRESIDENT TRYING TO GET INFLATION UNDER CONTROL. IT WASN'T THE PROBLEM IT IS NOW. THE GOVERNMENT CAN'T CONTROL WHAT BASIC HUMAN NATURE ALLOWS FOR GOOD OR ILL, PRICES MOVE OF THEIR OWN ACCORD AND CAN'T HAVE THE GOVERNMENT FORCE THE ISSUE. YOU CAN'T FOR LITTLE WHILE BUT THAT WAS A FAILING EFFORT AND NOW IT IS BEING BROUGHT UP AGAIN. KAMALA HARRIS KEEN ON DOING THAT. JOHN TAPPER ON WHETHER THAT WILL WORK. >> I'VE BEEN THINKING A LOT ABOUT IT. THINK OF A SHIP. THE FISHERMEN NEEDS TO KEEP HIS COST OF THE SAME. HIS MAINTENANCE CAN'T GO UP. THE PROCESSING PLANT, THAN THE DISTRIBUTORS PRICE CAN'T GO UP. THE COMPANY THAT RETAILS AT CAN'T GO UP. THEN WHEN THE RESTAURANT GET THAT HIS PRICES CAN'T GO UP. IF ANYTHING LOSES CONTROL ALONG THE WAY, THE GUYS ON THE BACK END OF THE CHAIN LOSE MONEY AND THIS IS WHAT WE'VE SEEN LAST TIME. WE SAW LANDLORDS NOT RENT APARTMENTS BECAUSE THEY WOULD LOSE MONEY ON IT. UNLESS YOU FREEZE EVERY SINGLE COST OF EVERY BUSINESS IN THE COUNTRY, YOU CANNOT SOME OF THEM. IF SOME OF THEM. IF YOU DO THAT, OUR FREE MARKET ECONOMY IS GONE. THAT IS SOCIALISM. ENTREPRENEURSHIP DISAPPEARS, MY ABILITY TO INNOVATE AND ADD VALUE TO MY CUSTOMERS SO I CAN INCREASE PRICE, MAKE MY SERVICE BETTER SO I CAN INCREASE PRICES, CREATE BETTER WORK ENVIRONMENTS, ATTRACT BETTER EMPLOYEES, I CAN'T DO ANY OF THOSE THINGS ANYMORE ONCE THIS IS PUT INTO PLACE. IT FREEZES US WHERE WE ARE AND I BELIEVE STOPS ANY GROWTH WE COULD EVER HAVE. LOOK AT THE LAST YEAR, RED LOBSTER FILED WRITTEN BANKRUPTCY. RUBIO'S FILED BANKRUPTCY. A COMPANY CALLED MIRACLE RESTAURANT GROUP FOR 25 ARBY'S FILE BANKRUPTCY. ANOTHER COMPANY FILED BANKRUPTCY. TIJUANA FLATS FILE BANKRUPTCY. QUIZNOS HAD 4700 RESTAURANTS. THESE ARE THE ECONOMIC CONDITIONS WE ARE LIVING IN NOW. RATHER THAN CAPPING IT, HOW ABOUT STIMULATING IT. CREATING AN ENVIRONMENT WHERE ENTREPRENEURS CAN BE ENTREPRENEURS AND INNOVATIVE MARKETING PROGRAMS AND PROMOTIONAL PROGRAMS AND PRODUCT DEVELOPER AND CAN TAKE PLACE THAT WILL PULL US OUT OF WHERE WE ARE. THE POLICIES PROPOSED ARE THE OPPOSITE OF THAT AND IF I COULD SAY ONE MORE POINT, WALGREENS PROJECTED CLOSING 2700 STORES IN THE NEXT COUPLE YEARS. WHAT HAPPENS WHEN THEY LOSE RESTAURANTS OR JOBS, IT IS ABOUT THE FAMILIES, THE PEOPLE THAT ARE IMPACTED BY LOSS OF JOBS AND LOSS OF GROWTH. IT IS A SCARY PREMISE. NEIL: ONE OF THE MOST BRILLIANT RESPONSES, I CAN'T ADD TO IT. THANK YOU VERY MUCH. IT IS TERRIFIC. IN FUTURE SHOWS HE SUMMED UP NICELY THE RISKS, NOT THE REWARDS, OF TRYING TO CONTROL

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