Harris Gets Destroyed Over Price Controls BY.......

[SweetSue92]

Inflation is 14% and profits are up 75% and you don`t know why so many people hate unfettered Capitalism? I hope Dear Leader never finds out that you`re reading a MAGA banned newspaper.

I'm not a libertarian. I don't believe in no government oversight. But listen, if you think price controls are a great idea, you deserve what's coming.

 

[Independent thinker]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

As bad as WAPO is, I guess even they don't want socialism.

 

[August West]

I'm not a libertarian. I don't believe in no government oversight. But listen, if you think price controls are a great idea, you deserve what's coming.

Bring it!

 

[JoeB131]

I doubt it. It's a lot closer than your precious biased MSM is telling you

And you're the last one to be claiming you have a lick of common sense. That and you're clueless on about every topic you engage in

Oh, FatIrishSow, Trump is going to lose, and then he's going to prison.

 

[yidnar]

Bring it!

 

[yidnar]

Oh, FatIrishSow, Trump is going to lose, and then he's going to prison.

even if he does you'll still be a wimp and weakling ..bitch ..

 

[Mashmont]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

OMG. What a gift for Trump!!!
I really think this is the beginning of the end for Giggles.

 

[JoeB131]

even if he does you'll still be a wimp and weakling ..bitch ..

Naw, I'll be fine either way.... but I'm worried about all the lives Trump is going to ruin if he ever gets back into power.

 

[yidnar]

Naw, I'll be fine either way.... but I'm worried about all the lives Trump is going to ruin if he ever gets back into power.

i'm happy you are fine with being a wimp and a bitch ... and before COVID Trump had the best economy in recent history with no new wars , a much more secure border , and practically no inflation ! vote for socialism if you want !

 

[Slyhunter]

 

[HikerGuy83]

Gouge or Pork her?

Either one is gross.

 

[JoeB131]

i'm happy you are fine with being a wimp and a bitch ... and before COVID Trump had the best economy in recent history with no new wars , a much more secure border , and practically no inflation ! vote for socialism if you want !

Many problems with this statement. (Besides you calling a US Army veteran like myself a "wimp".)

1) Covid did happen, Trump utterly failed to lead, and the economy was wrecked on his watch.
2) The Border wasn't more secure. Trump had more border crossings than Obama did. They only went down in 2020 because the undocumented were afraid to come here and catch COVID-19.
3) The economy was hardly good before Covid. Q1 GDP Growth shrank by 5%, and Covid didn't really happen until after that. Part of the reason was that Trump's unnecessary tariffs against China did serious damage to the economy in that it fouled up supply chains.
4) No one is advocating "Socialism", whatever that is.

 

[TheProgressivePatriot]

Basic economics even my fourth graders understand:

When you tell companies they can't make even the razor margins they make....

They just stop making it. So, bread lines.

But don't believe me, the WaPo destroyed this too.

In 2023, the grocery industry saw a 79% increase in operating profits from 2019 to $25 billion, but profit margins dropped to 1.6%, the lowest level since 2019. This was due to higher total expenses and inflation, which slowed same-store sales growth to 2.1%. However, retail grocery revenues increased to more than 7% above costs in 2023, and profits remained high even as supply chain pressures eased. The FTC has cautioned that the effects of these increased profits are still having an economic impact.

In 2023, profit margins in the grocery industry hit 1.6% — the lowest level since it was 1% in 2019 — as total expenses increased, FMI found. The industry's slowed same-store sales growth of 2.1% last year was driven by inflation.Jul 3, 2024

Grocery industry profit margins fall to pre-pandemic levels: FMI​

 

[hadit]

If they were working on razor thin margins, you might have a point. The record profits reported don't indicate razor thin margins.

Record profits in absolute dollar amounts only. When inflation is considered, the percentages do not reflect big advances, and in fact, can reflect losses. Remember, inflation effects EVERYONE.

 

[BULLDOG]

Record profits in absolute dollar amounts only. When inflation is considered, the percentages do not reflect big advances, and in fact, can reflect losses. Remember, inflation effects EVERYONE.

So, you want me to believe you instead of my own eyes?

 

[bendog]

If the dems can show a restraint on trade, more power to them. I'd argue the PC industry would be in better shape if W hadn't stepped (in it) and saved Gates' mega fortune.

But I wasted a billable hour looking up oat prices, after sealybobo mentioned grain prices. I bake some so I use flour and I buy bread, and prices have increased. But the only "grain" I use is Oats, and they've gone through the roof. But its supply and demand. And the Ukraine war.

 

[SweetSue92]

In 2023, the grocery industry saw a 79% increase in operating profits from 2019 to $25 billion, but profit margins dropped to 1.6%, the lowest level since 2019. This was due to higher total expenses and inflation, which slowed same-store sales growth to 2.1%. However, retail grocery revenues increased to more than 7% above costs in 2023, and profits remained high even as supply chain pressures eased. The FTC has cautioned that the effects of these increased profits are still having an economic impact.

In 2023, profit margins in the grocery industry hit 1.6% — the lowest level since it was 1% in 2019 — as total expenses increased, FMI found. The industry's slowed same-store sales growth of 2.1% last year was driven by inflation.Jul 3, 2024

Grocery industry profit margins fall to pre-pandemic levels: FMI​

That was in 2020, when some grocers obviously thought they could get away with it. No one is opposed to regulating TRUE price gouging. But that is NOT the issue now, as this very article states.

 

[JoeB131]

That was in 2020, when some grocers obviously thought they could get away with it. No one is opposed to regulating TRUE price gouging. But that is NOT the issue now, as this very article states.

Then why do you have a problem, Islamophobic Twat? Clearly there is a lot of of price gouging going on, and the government should do something about it.

 

[hadit]

So, you want me to believe you instead of my own eyes?

No, I want you to do due diligence and apply the mathematics. Now, I know that things like math and facts are hard for liberals but try. Be honest and account for inflation and the less valuable dollar. Zimbabwe is famous for printing trillion-dollar notes and things like eggs costing trillions of Z-dollars. Now, tell us, since you believe your eyes and not math, did those guys selling eggs become wealthy beyond measure because they were gaining untold trillions of Z-dollars, or are you going to be honest and admit that inflation wipes out value?

To get you started, a 2019 dollar is worth about $1.23 today. Therefore, a company with a billion-dollar profit in 2019 would have the equivalent of a $1.23 billion profit today. You would scream, "record profit", but they would have felt no increase in profit at all.

 

[BULLDOG]

No, I want you to do due diligence and apply the mathematics. Now, I know that things like math and facts are hard for liberals but try. Be honest and account for inflation and the less valuable dollar. Zimbabwe is famous for printing trillion-dollar notes and things like eggs costing trillions of Z-dollars. Now, tell us, since you believe your eyes and not math, did those guys selling eggs become wealthy beyond measure because they were gaining untold trillions of Z-dollars, or are you going to be honest and admit that inflation wipes out value?

To get you started, a 2019 dollar is worth about $1.23 today. Therefore, a company with a billion-dollar profit in 2019 would have the equivalent of a $1.23 billion profit today. You would scream, "record profit", but they would have felt no increase in profit at all.

Got it. You claim record profits are not record profits. Perfect example of trump world reasoning where lies are not lies, giving more to the rich somehow helps the poor and middle class, and a convicted felon is not a crook.