Price gouging as her first policy announcement? Really?

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Roman Empire tried to do price controls after they artificially inflated their ones supply by diluting the amount of silver in their currency.


Look how they ended up. Many vote those two reasons for why the great Roman republic collapsed. It’s almost as if Dems never opened a history book.

That's not why the Roman empire collapsed. Maybe you need to open a history book yourself.

https://www.history.com/news/8-reasons-why-rome-fell

You’re an idiot. Rome became weak and allowed invasions specifically because they were weakened economically. Kinda hard to fund militaries and control global trade when your currency is trash and inflation is through the roof:


https://money.visualcapitalist.com/currency-and-the-collapse-of-the-roman-empire/


https://www.dailyhistory.org/What_Role_Did_Inflation_Play_in_the_Collapse_of_the_Roman_Empire



https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/education/lessons/pdf/inflation_and_the_fall_of_the_roman_empire.pdf?la=en


Absolutely nothing will bring great empires to their knees like a complete debasement of currency, defaults on debt, and inflation. Dems are relating the same garbage that destroyed the Roman Empire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you deported all the illegals there would be more supply and less demand for everything.

Why can’t we increase the number of immigration courts to process asylees faster? Asylees, by the way, are not here illegally.

Many of them have not actually complied with what should be done. They are supposed to go to the nearest safe country. Many of them go through several countries where they could stay. That's because they aren't actually asylum seekers, but rather, they are committing asylum fraud as a means of obtaining entry into the United States--fraud is actually illegal.

You are mixing up an international treaty with US law. Biden tried to add a policy about applying in the first country, and the courts shot it down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Roman Empire tried to do price controls after they artificially inflated their ones supply by diluting the amount of silver in their currency.


Look how they ended up. Many vote those two reasons for why the great Roman republic collapsed. It’s almost as if Dems never opened a history book.

That's not why the Roman empire collapsed. Maybe you need to open a history book yourself.

https://www.history.com/news/8-reasons-why-rome-fell

You’re an idiot. Rome became weak and allowed invasions specifically because they were weakened economically. Kinda hard to fund militaries and control global trade when your currency is trash and inflation is through the roof:


https://money.visualcapitalist.com/currency-and-the-collapse-of-the-roman-empire/


https://www.dailyhistory.org/What_Role_Did_Inflation_Play_in_the_Collapse_of_the_Roman_Empire



https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/education/lessons/pdf/inflation_and_the_fall_of_the_roman_empire.pdf?la=en


Absolutely nothing will bring great empires to their knees like a complete debasement of currency, defaults on debt, and inflation. Dems are relating the same garbage that destroyed the Roman Empire.

You are also an idiot. Did you know that the government regulates water prices? Milk and grain prices? It was done to help farmers. Rs sure like regulations when it helps them directly but not when it helps *everyone*.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you deported all the illegals there would be more supply and less demand for everything.

Why can’t we increase the number of immigration courts to process asylees faster? Asylees, by the way, are not here illegally.

If they are the small number of genuine asylees as opposed to climate and opportunity refugees or those being trafficked into the country illegally.

A judge has to decide if they qualify as asylum seekers, which is why Congress needs to either change the asylum laws or add immigration courts.

[Anonymous]

Anonymous wrote:OK, I think she just put her first foot wrong. Prices were up 1% on groceries this past year. This is bizarre - brings back memories of ‘70s price controls.

What do you think?

Price gauging began during Covid and has never let up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Any serious person knows that the solution to inflation is not outlawing high prices. That's like saying the solution to healthcare costs is outlaw people getting sick. Harris should have followed the old saying "it's better to be silent and have people think you are fool than to speak and remove all doubt."

? um no, that would be like saying we need to regulate healthcare costs, which ANY normal person would agree with.

It is scary people like you are allowed to vote.


So the govt can print infinite amounts of money, the solution to controlling high prices resultant from that will be to install prices controls?

JFC, please don’t reproduce. USA is going full blown Venezuela at this rate.

oh, so you're ok with high food prices now? And high healthcare costs?

It's YOUR POLICY that are creating high prices. Nothing skyrockets in price like a government subsidized industry. See health care and education.

I know it's easier to blame a liberal than understand why food prices are high right now.

https://www.foxbusiness.com/economy/why-are-groceries-still-so-expensive

Food prices are rising for several reasons, including ongoing supply chain issues, the smallest cattle inventory in 73 years, an Avian flu outbreak that affected poultry supply and sent the cost of chicken and eggs skyrocketing, and a worldwide grain deficit that is the result of the prolonged conflict in Ukraine. Wages for food service workers in grocery stores, warehouses and processing plants have also increased, meaning many of those businesses are passing that cost along to the consumer.

Although some of these problems are finally clearing up, consumers looking for immediate relief may be disappointed. Federal Reserve Chair Jerome Powell said during an interview with "60 Minutes" that aired at the beginning of February that high prices could be here to stay unless there is a severe recession.

Pay attention to the bolded. Recall that MAGA say that illegal immigrants are taking jobs from Americans, and that if companies paid more, then Americans would take that job. You can see how wage hikes are hitting food prices.

[Anonymous]

[Anonymous]

OP, the announcement today is an ECONOMIC PLAN, and the anti-prive-gouging is one piece of it.

At the end of the day, the goal is to bring consumer costs down. We live in a capitalist country, but we have also learned that guardrails over things like product safety, worker safety and other standards can be a good thing.

[Anonymous]

[Anonymous]

So Biden let companies price gouge American consumers for his entire presidency and did nothing? Why doesn’t Biden do anything now?

[Anonymous]

Anonymous wrote:

? black market happens when something in the regulated market place is higher than the black market. If prices are controlled in the market place, how would that cause a black market?

We regulate milk and grain prices today. Are we turning into Venezuela?

[Anonymous]

Anonymous wrote:So Biden let companies price gouge American consumers for his entire presidency and did nothing? Why doesn’t Biden do anything now?

IMHO, Biden is not a socialist. He was probably expecting market pressure to ease by the feds keeping the rate high. That's not happening, for different reasons, one of which is that people got used to paying high prices, so that companies kept those prices. It's kind of like high college costs. Why do some colleges cost so much compared to others? Because some people are willing to pay for them, so those colleges keep the prices artificially high.

Now, obviously, food is a necessity, not a college, so it's even more important that food prices remain affordable to some degree.

The rate of increase of prices has stabilized, however, it's not going to go to prepandemic levels. Too many changes in this world.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OK, I think she just put her first foot wrong. Prices were up 1% on groceries this past year. This is bizarre - brings back memories of ‘70s price controls.

What do you think?

Y'all have been yapping about how inflation and the economy is the most important issue for you. Well, here you go.

+1 What should her first priority be? Price gouging especially on groceries is impacts 90% of us.

It’s almost cute that you think government controlled prices will lower inflation.

Bless your heart

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OK, I think she just put her first foot wrong. Prices were up 1% on groceries this past year. This is bizarre - brings back memories of ‘70s price controls.

What do you think?

Y'all have been yapping about how inflation and the economy is the most important issue for you. Well, here you go.

+1 What should her first priority be? Price gouging especially on groceries is impacts 90% of us.

It’s almost cute that you think government controlled prices will lower inflation.

Bless your heart

Well, it's cute that you think Trump can make it all better, when he can't even speak coherently.

Bless.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Any serious person knows that the solution to inflation is not outlawing high prices. That's like saying the solution to healthcare costs is outlaw people getting sick. Harris should have followed the old saying "it's better to be silent and have people think you are fool than to speak and remove all doubt."

? um no, that would be like saying we need to regulate healthcare costs, which ANY normal person would agree with.

It is scary people like you are allowed to vote.


So the govt can print infinite amounts of money, the solution to controlling high prices resultant from that will be to install prices controls?

JFC, please don’t reproduce. USA is going full blown Venezuela at this rate.

oh, so you're ok with high food prices now? And high healthcare costs?

It's YOUR POLICY that are creating high prices. Nothing skyrockets in price like a government subsidized industry. See health care and education.

I know it's easier to blame a liberal than understand why food prices are high right now.

https://www.foxbusiness.com/economy/why-are-groceries-still-so-expensive

Food prices are rising for several reasons, including ongoing supply chain issues, the smallest cattle inventory in 73 years, an Avian flu outbreak that affected poultry supply and sent the cost of chicken and eggs skyrocketing, and a worldwide grain deficit that is the result of the prolonged conflict in Ukraine. Wages for food service workers in grocery stores, warehouses and processing plants have also increased, meaning many of those businesses are passing that cost along to the consumer.

Although some of these problems are finally clearing up, consumers looking for immediate relief may be disappointed. Federal Reserve Chair Jerome Powell said during an interview with "60 Minutes" that aired at the beginning of February that high prices could be here to stay unless there is a severe recession.

Pay attention to the bolded. Recall that MAGA say that illegal immigrants are taking jobs from Americans, and that if companies paid more, then Americans would take that job. You can see how wage hikes are hitting food prices.

The FEED for cattle and chickens has increased in price significantly. The fuel to plow and harvest and transport has increased significantly. The raw materials are jumping like crazy.

The batteries in EVs are half of the cost of the car. A ford truck that was 40 grand four years ago is suddenly 70. DUHHHH! Why is auto insurance and homeowners insurance suddenly jumping up like crazy. Gee, I dunno!

Labor is the significant component, but not the only one. Having Washington DC come in and direct everyone what they should pay for labor from ivory towers certainly does raise prices.


Why did the Soviet Union collapse? Because Moscow tried to centrally plan (AKA a command economy) every GD thing in the country. It led to distortions, subsidies, rule by fiat and was very inefficient. Now you're telling me YOU can do it better. BS!

Yes, the price of EVERYTHING went up, in part due to the supply chain issues that hit globally. It wasn't just an issue in the US.

So, you agree that the government today does regulate certain food prices, right? And those current regulations help farmers who are mostly in red states and who mostly vote R. But, regulation that helps the consumer is bad bad bad.

The next time you MAGA insist that migrants are taking your jobs and that more Americans would take those jobs if they paid more, remember this post. Food prices went up in part due to wage increases. Also, the next time you complain about companies offshoring jobs, remember this post -- that government telling companies what to pay for labor is unAmerican and will lead to the collapse of the US, according to you.

No, they don't help farmers. They HURT them... which causes the farmer to react... which creates more unintended consequences which is like a vicious loop and you don't seem to get it. Your policies are creating the problems in the first place.

I want migrants OUT. They don't belong here and they distort the market. I want all subsidies to end. Some white boy or girl in their house decides not to work because they're getting a check. Pull that check. Get hungry. You'll work. Got it now?

Why do you think all the mom & pop stores went away? They were driven out of business by the big boxes thanks to Washington DC. Now there's no competition and of course prices are high!

Same with Detroit and union labor. It artificially distorted the cost of labor, Asia saw that and took over. Same with airlines, steel, electronics, and on and on. The more you do, the worse things get! JFC, you are thick-headed.

+a million