Goya Foods CEO Bob Unanue blasted Vice President Kamala Harris over her economic plan unveiled last week, saying the government has “no business” controlling prices.
Unanue, the head of America’s largest Hispanic-owned food company, made his remarks during an interview with guest host Will Cain.
“They’re using a nail gun to put the last nails in the coffin of this economy and this country,” he said. “From day one, they put in executive orders that set this country on a disastrous path.”
She announced her economic agenda during a speech in North Carolina last week, including $25,000 subsidy for first-time homebuyers.
“As president, I will take on the high costs that matter most to most Americans, like the cost of food. We all know that prices went up during the pandemic when the supply chains shut down and failed. But our supply chains have now improved. And prices are still too high,” she said at the event.
Unanue also issued caution about the perils of government intervention in a free market.
“You know, when I was a kid, if you had a lemonade stand and it cost $0.10 for the glass, the straw, the product to go to the store to get it, and then the government comes along and says, I want you to sell that lemonade for a penny. You know, you just got to fold up your lemonade stand and go home,” he said.
He expanded upon the implications on the grocery industry with regards to Harris’ plan, as it usually functioned at a slim 1-2% profit margin. But those making the 1 to 2% in his own grocery business — and providing a lot of jobs?
“And the grocery business, which does make 1 to 2% and hires a lot of people, those people are forced to… we’re going to put them out of business by controlling pricing.”
At a rally in Pennsylvania Friday, former President Donald Trump took aim at Harris’ economic proposal and said that it will result with “rationing, starvation, and unhinged prices.”
“Comrade Kamala announced that she wants to institute socialist price controls. You saw that never worked before. Never ever worked,” Trump said.
“Comrade Kamala Harris is terrible for our Country. She is a Communist, has always been a Communist, and will always be a Communist,” he wrote. “Under her ‘leadership,’ the USA will fail, and fail quickly. We will not let that happen!!!”
