A former White House economist is sounding the alarm on Vice President Kamala Harris' economic agenda after former President Trump warned the U.S. would suffer a "1929-style depression" under a Harris presidency.
"My guess is that a lot of the things she said in the past about what she really wants to do, like the Green New Deal, for example… getting carbon-neutral by 2030 – all that kind of stuff would cause a deep recession toward carbon," Kevin Hassett told "The Big Money Show" Thursday.
"Carbon-neutral by 2030 is almost impossible. 75% of our electricity comes from burning fossil fuels. So how are they going to do that if they try it? That you're just going to have to shut down the economy?"
FORMER WHITE HOUSE ECONOMIST WARNS OF WALZ'S 'DISTURBING' POLICIES: 'AVOWED SOCIALIST'
Harris co-sponsored the Green New Deal as a senator in 2019, a proposal to stem climate change that includes a ban on fracking.
Since becoming the Democratic nominee, however, Harris has appeared to walk back her support for a nationwide fracking ban.
Harris' campaign last month said the vice president "does not support a total ban on fracking" despite the candidate stating in 2019 that there was "no question I’m in favor" of it………
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"My guess is that a lot of the things she said in the past about what she really wants to do, like the Green New Deal, for example… getting carbon-neutral by 2030 – all that kind of stuff would cause a deep recession toward carbon," Kevin Hassett told "The Big Money Show" Thursday.
"Carbon-neutral by 2030 is almost impossible. 75% of our electricity comes from burning fossil fuels. So how are they going to do that if they try it? That you're just going to have to shut down the economy?"
FORMER WHITE HOUSE ECONOMIST WARNS OF WALZ'S 'DISTURBING' POLICIES: 'AVOWED SOCIALIST'
Harris co-sponsored the Green New Deal as a senator in 2019, a proposal to stem climate change that includes a ban on fracking.
Since becoming the Democratic nominee, however, Harris has appeared to walk back her support for a nationwide fracking ban.
Harris' campaign last month said the vice president "does not support a total ban on fracking" despite the candidate stating in 2019 that there was "no question I’m in favor" of it………
Former White House economist warns Harris' agenda could 'shut down' the entire US economy
Former Chair of the Council of Economic Advisers Kevin Hassett reacts to presidential hopeful Kamala Harris' economic agenda and green energy expectations.
