Last week, Sen. Elizabeth Warren (D-Mass.), one of the leading contenders for the 2020 Democratic nomination to face Donald Trump, sponsored a new bill that would shake up the economy on socialist lines. A Fox News economist responded to this horrible idea by essentially asking, "Have you even heard of Venezuela?"
"Venezuela is a good example of what we should not be doing," Stuart Varney, a British-American economic consultant who graduated from the London School of Economics and hosts the Fox News show "Varney & Co.," said on "Fox & Friends" Monday morning. He then tied Venezuela's crisis to Sen. Elizabeth Warren's new bill.
"Last week, Elizabeth Warren wanted to have political control over business," Varney quipped. "She wanted big business to go to Washington and beg for permission to do business. That’s political control over enterprises. It’s a terrible idea. That’s why Venezuela’s gone down the drain."