Former
White House economist Kevin Hassett has issued a example about Vice President
Kamala Harris' economic agenda, especially her green energy policies, submitting
they could lead to a acute downturn. Hassett communicated concerns that Harris'
push for carbon neutrality by 2030, as part of her support for the Green New
Deal, would trigger a "deep recession," given that 75% of
U.S. electricity is currently caused from fossil fuels.
Hassett
questioned the practicability of achieving such aspiring climate goals without notable
economic disturbance, even suggesting that Harris’ policies could successfully "shut
down the economy." While Harris co-sponsored the Green New Deal as a
senator, which incorporated proposals such as a fracking ban, her campaign has
since softened its stance on the issue, designating she does not support a
total ban on fracing.
Harris'
broader economic approachs during her 2019 presidential campaign included a $3
trillion tax plan targeting the wealthy, raising the confederate minimum wage,
and creating a Medicare-for-all system. According to Hassett, these policies,
if followed, could have severe economic consequences, though he conjectured that Harris
may adjust her proceed towards by moving toward more centrist policies in the
2024 election.
