Price gouging as her first policy announcement? Really?

[Anonymous]

Jon Taffer does an excellent job of explaining why Kamala's ideas will not work and will, in fact, lead to economic catastrophe.

[Anonymous]

Anonymous wrote:I'm not vice president or a presidential candidate, or an economist and I can tell there is significant price gouging going on by large corporations. They are making huge profits, laying off people in some cases and not paying others that much more...while their prices go through the roof!

Mega Corp: We've got to raise prices.

Same Mega Corp: We're making record profits!

[Anonymous]

Anonymous wrote:If an elected official can’t pronounce a word, they should not be in charge of any laws or policies or regulations concerning the word.

oh dear. That means Trump shouldn't run.

[Anonymous]

Anonymous wrote:Jon Taffer does an excellent job of explaining why Kamala's ideas will not work and will, in fact, lead to economic catastrophe.

President Trump has repeatedly attacked drug companies for “getting away with murder” on prices.

"We have the toughest sanctions ever imposed but on oil we want to go a little bit slower because I don't want to drive the oil prices in the world. I could get the Iran oil down to zero immediately, but it would cause a shock to the market."

[url=https://www.reuters.com/article/us-usa-trump-fed-exclusive/exclusive-trump-demands-fed-help-on-economy-complains-about-interest-rate-rises-idUSKCN1L5207/]Exclusive: Trump demands Fed help on economy, complains about interest rate rises
[/url]

It's only Communism when the black lady tries it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

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.

Trump can't make it all better, but he's definitely for less federal govt intervention and that has always failed on all fronts.

I do expect him to do better than Kamala on the economics front.

He already has.
Her little speech expects us to forget that she is part of the current administration that brought all these problems on.
Yes, prices are too high. Because Biden/Harris spent way too much money, put in way too many regulations, and has signaled to oil and gas companies that they are not welcome in the US.
Yes, rent is too high and people cannot afford to buy homes. Because interests rates are sky high because of the inflation Biden/Harris caused.
She wants to give away more money - TAXPAYER MONEY - to first time homebuyers. Much like the college loan redistribution plan - she is taking hard earned money from taxpayers to give away to others.
She wants to go after price gouging (or, "price gauging" as she calls it) when that is not happening. The profit margin on food products is less than 2%. That is NOT price gouging. This is simply an effort to deflect from the FACT that it was HER administration that caused the higher prices to begin with.

The only ideas that are at all palatable are the ones she stole from the Trump campaign.... no tax on tips, higher child tax credit, and get rid of worthless regulations.
And, does anyone really believe that SHE will do away with needless regulations? Hell no. .....

Oil production is at an all time high, higher than when Trump was in office.

Profit margins are up. Great for investors; not great for consumers.

https://thehill.com/business/4562244-how-retailers-are-profiting-from-food-inflation-profit-inflation-question-gains-new-urgency-from-ftc-report/

While a supply crunch and a massive injection of stimulus following the pandemic initially allowed companies to charge more for their products, experts have battled for years over whether margins – now at a record high – have themselves become a cause of inflation, keeping prices higher for longer than they should otherwise have been.

The report released last week by the Federal Trade Commission (FTC) calls out margin expansion as a primary driver of recent price increases, citing dynamics in the increasingly concentrated grocery sector.

“Some firms seem to have used rising costs as an opportunity to further hike prices to increase their profits, and profits remain elevated even as supply chain pressures have eased. Larger retailers and wholesalers with considerable leverage over their suppliers were able to take more aggressive action to protect themselves,” FTC researchers concluded.

Retail grocery revenues increased to more than 6 percent above costs in 2021 and more than 7 percent in 2023, “substantially higher” than their most recent high point of 5.6 percent in 2015. The FTC’s calculation controls for fixed and labor costs.

Good grief.
You do understand that REVENUES DO NOT MEAN PROFITS, right?
You know what is causing the higher prices in grocery prices? Increased fuel costs - it costs more from the growers, to the producers, to the shippers...... and the increased revenue is because the prices are higher. That does NOT mean increased profits.

Oil production is at an all time high. Higher than when Trump was in office. Yet, price are still high. So, Trump's "drill baby drill" isn't going to magically fix high prices.



And PROFITS are high, per the article. Bet you didn't read it, just like Trump doesn't like to read. So MAGA of you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So after months and months and months of the GOP saying that the sky was falling because of food prices, Harris announces her plan to combat price gouging and the GOP is mad about it. :D Such weird people.

It’s an inflationary plan. So yes.

How is increasing fines and better enforcement inflationary?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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

Government won’t control prices. It will investigate price fixing, which is common among poultry, dairy, and many other agricultural and food processors and corporations. It’s not the farmers. It’s not the grocers. It’s the consolidation of food sector corporations.

If a few big corporations are colluding to fix prices they have been committing a crime. And if this is true, why hasn't the Biden-Harris administration been going after them?

They are. See the FTC action link posted up thread.

[Anonymous]

Anonymous wrote:So this whole thread and her proposal on price gouging is tougher penalties. That isn’t communism.

It is communism when Kamala pushes her gas tax punishing diesel trucks and 15 dollar minimum wage nationwide and grocery stores have to deal with govt regulation on prices as well.

Increased prices in the Biden administration became because of the insane regulations.

Sooner or later, Kamala will regulate only Teslas can be used for Uber eats and will say cigarettes have to be clan energy friendly and 35 dollars a pack

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

Government won’t control prices. It will investigate price fixing, which is common among poultry, dairy, and many other agricultural and food processors and corporations. It’s not the farmers. It’s not the grocers. It’s the consolidation of food sector corporations.

If a few big corporations are colluding to fix prices they have been committing a crime. And if this is true, why hasn't the Biden-Harris administration been going after them?

They are. See the FTC action link posted up thread.

What action? Further inquiry?

The report states: "This study did not test whether the specific companies that received 6(b) Orders increased their prices by more or less than their input cost increases. However, publicly available data on
general grocery retail patterns reveal that during the pandemic, one measure of annual profits for food
and beverage retailers—the amount of money companies make over and above their total costs—rose
substantially and remain quite elevated... These elevated profit levels warrant further inquiry by the
Commission and policymakers."

[Anonymous]

Anonymous wrote:

Anonymous wrote:So this whole thread and her proposal on price gouging is tougher penalties. That isn’t communism.

It is communism when Kamala pushes her gas tax punishing diesel trucks and 15 dollar minimum wage nationwide and grocery stores have to deal with govt regulation on prices as well.

Increased prices in the Biden administration became because of the insane regulations.

Sooner or later, Kamala will regulate only Teslas can be used for Uber eats and will say cigarettes have to be clan energy friendly and 35 dollars a pack

Nailed it

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

Government won’t control prices. It will investigate price fixing, which is common among poultry, dairy, and many other agricultural and food processors and corporations. It’s not the farmers. It’s not the grocers. It’s the consolidation of food sector corporations.

If a few big corporations are colluding to fix prices they have been committing a crime. And if this is true, why hasn't the Biden-Harris administration been going after them?

Each state’s AG would prosecute price gouging businesses in their state.

But correct, Biden-Harris have done nothing.

False. See the FTC notice of investigation that was posted earlier in the thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So this whole thread and her proposal on price gouging is tougher penalties. That isn’t communism.

It is communism when Kamala pushes her gas tax punishing diesel trucks and 15 dollar minimum wage nationwide and grocery stores have to deal with govt regulation on prices as well.

Increased prices in the Biden administration became because of the insane regulations.

Sooner or later, Kamala will regulate only Teslas can be used for Uber eats and will say cigarettes have to be clan energy friendly and 35 dollars a pack

No one is forcing anyone to buy an electric vehicle anytime in the near future. We are talking 12-15 years from now at the earliest, and even then, gas stations won't be going away for at least 20 years after that at the earliest.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So this whole thread and her proposal on price gouging is tougher penalties. That isn’t communism.

It is communism when Kamala pushes her gas tax punishing diesel trucks and 15 dollar minimum wage nationwide and grocery stores have to deal with govt regulation on prices as well.

Increased prices in the Biden administration became because of the insane regulations.

Sooner or later, Kamala will regulate only Teslas can be used for Uber eats and will say cigarettes have to be clan energy friendly and 35 dollars a pack

Increased prices are going down right now. Please tell me which regulations Biden has eliminated to cause that reduction.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So this whole thread and her proposal on price gouging is tougher penalties. That isn’t communism.

It is communism when Kamala pushes her gas tax punishing diesel trucks and 15 dollar minimum wage nationwide and grocery stores have to deal with govt regulation on prices as well.

Increased prices in the Biden administration became because of the insane regulations.

Sooner or later, Kamala will regulate only Teslas can be used for Uber eats and will say cigarettes have to be clan energy friendly and 35 dollars a pack

Nailed it

You know you can dismiss someone's opinion out of hand when their main concern is "muh Marlboro Lights dad gun be more 'spensive"

Better fill your trailer while you can, Cleetus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm not vice president or a presidential candidate, or an economist and I can tell there is significant price gouging going on by large corporations. They are making huge profits, laying off people in some cases and not paying others that much more...while their prices go through the roof!

Mega Corp: We've got to raise prices.

Same Mega Corp: We're making record profits!

Yep. I'm doing my part and buying almost nothing but groceries we need (versus want) right now.