WATCH: Vice President Kamala Harris Admits Grocery Prices Are Too High, Fails To Outline Plan To Fix It During Interview

During an event at the National Association of Black Journalists in Philadelphia, Pennsylvania, on Tuesday, Vice President Kamala Harris attempted to explain how she would fix the burden of rising prices at the grocery store for the average American. When asked about the topic, however, the vice president seemed to acknowledge the problem but refused to outline her policy solution to get rising grocery prices under control.

"Is the price of groceries still too high? Yes. Do we have more work to do? Yes," Harris said. "I will tell you that I offer a new generation of leadership for our country that is particularly about turning the page on an era that sadly has shown us attempts by some to insight fear and create division in our country and to do the work that is about bringing some level of optimism, and dare I say ambition about what I know is possible in this country. And so my plan for the economy includes what I imagine and believe and call an opportunity economy. What we can do to grow an opportunity economy where all people have access to resources to compete to apply their incredible work ethic, their ambition, their aspirations, and their dreams and actually not just get by but get ahead."

The vice president then explained that there is a shortage of housing in America, adding that she would give home builders tax credits to incentivize homebuilding. "You know, we grew up, and our parents had the ability to believe the American Dream was attainable. Not so much for younger working people, and I recognize that. My approach is a new approach, which is to say let's take this head-on," she said, adding that she would give first-time homebuyers $25,000 in downpayment assistance.

While the vice president attempted to explain her economic outlook at the Philadelphia event, the Harris campaign has been slammed for her previous economic proposals. As previously reported by the DC Enquirer, the Harris campaign revealed that it would institute "the first-ever federal ban on price gouging on food and groceries—setting clear rules of the road to make clear that big corporations can't unfairly exploit consumers to run up excessive corporate profits on food and groceries." The Harris campaign's campaign against grocery stores is despite the fact that major grocers have made minimal, low-percent profit margins in recent years.

In addition to advocating for price controls, the Harris campaign revealed that it would support giving first-time homebuyers a $25,000 down payment, a plan that would certainly increase housing prices market-wide. "The Biden-Harris administration proposed providing $25,000 in downpayment assistance for 400,000 first-generation home buyers -- or homebuyers whose parents don't own a home -- and a $10,000 tax credit for first-time home buyers," the Harris campaign said in a statement. "This plan will significantly simplify and expand the reach of down-payment assistance, allowing over 1 million first-time-buyers per year – including first-generation home buyers – to get the funds they need to buy a house when they are ready to buy it."

Last month, billionaire investor Kevin O'Leary warned Americans about the devastating consequences of the vice president's plan. "I've spoken with dozens of investors, and we're quite shocked just from the 30,000 feet. We thought Harris was going to reboot her whole position to the middle. The idea was to get the swing voters on board with her with a middle strategy. Instead, we're getting Bidenomics 2.0, which is a shock," O'Leary explained. "In addition to Bidenomics 2.0, if you look through the rally proposals, it's basically the same stuff they've been touting for the last 36 months. You've got this price control, price fixing, patina on top of it, which we know doesn't work."

"If you go back to the 70s, we tried this in the US. It was a disaster. Look at Venezuela today; North Korea or the old USSR tried this. It leads to black markets. It leads to a complete loss of freedom of goods and a breakdown of distribution. This is a really, really bad idea. I am so shocked that she's doing it. We're all shocked. We can't believe this is the platform," he continued. "We are almost stunned because this leads to a position where you are getting the same thing you had. Bidenomics as a brand is toxic waste to the swing voter. It's associated with inflation. All of these ideas are very inflationary."