Kamala doesn't know history much less how economics works..

[Lesh]

If neither are true, that means you are God! GEEZ God why are you wasting your time on this when you have trillions of other tasks to attend to? Wow I can't believe GOD is on this forum. And that is a FACT! For you to make such an outlandish comment.."Neither is true"... wow you know what... I now know for a FACT YOU ARE NOT an intelligent person!
Intelligent people don't make such stupid ass comments. AND GOD doesn't need usmessageboard to fulfill his tasks!
Proof that you are definitely an non-intelligent person. Why do you make such truly dumb ass comments that prove you are a dumb ass!

Triggered huh fella?

Sad

 

[healthmyths]

Triggered huh fella?

Sad

I am not sad or angry but thankful the majority of this forum aren’t as totally ignorant as you evidenced!

 

[krichton]

I find it amusing everytime she says "When I'm elected..." She is the face of the admin now. But in her defense, she has never won a primary for potus, so maybe it was a Freudian slip.

Is she the president?

 

[pknopp]

Thomas Sowell, one of my mentors in critical thinking, once discussed the pros and cons of price gouging and its limited affect using the example of Hurricane Andrew in 1992. Until supply lines and roads could be opened up, those in control of the limited supply of drinking water, motel rooms, other essentials did significantly increase prices and were thorough condemned nationwide for doing so.

Sowell had a different take on it. He said at normal prices, people would likely buy as much water as they could to use not only for drinking but for other purposes. And many would be left with no water at all. Make that water very expensive though and people would buy only what they had to have to survive leaving supply for others. Ditto motel rooms. A large family might rent two or three motel rooms at normal rates but make those rooms very expensive and it would likely choose to make do with one room leaving shelter available for others. Price gouging increased the availability of supply for many while not affecting prices for non essentials one bit or affecting prices anywhere else but the hurricane area.

Of course some will develop all sorts of anecdotal scenarios to rebut his point of view, but I got his point and it deserves a place in the conversation. We saw much of the same phenomenon in the early months of COVID when the toilet paper hoarders made it almost impossible to get for millions. And what toilet paper was available was selling for three to four times its normal price limiting how much people bought. But that temporary 'price gouging' was probably necessary to increase supply and it did not directly affect any other products.

Once the supply chain became normal again, the price of toilet paper fell back to close to what it had always been.

But artificially cap the prices nationwide and the overall affect will be to suppress production and distribution that invariably will eliminate jobs, income, taxes paid, and create shortages just as it always has. And because we are talking raw materials, transportation, infrastructure, and processing all being affected, it could take years or decades for supply chains to return to normal and meanwhile the reduced supply will of necessity become far more costly, i.e. huge inflation.

There has been no shortages of the millions of things that have greatly gone up in price.

 

[sealybobo]

View attachment 997742

In the 2000's Republicans cheered as Jobs went to Mexico. I said "why didn't they go to Texas?"

If they are going to Texas, god bless them. Enjoy the culture. And cheap labor.

If it stays in America, I'm cool with that.

The CEO's of these companies still live in Cali where it's nice. They commute via Jet. Pass the costs on to you the consumer. And what they save by going to Texas they will NOT pass on to you. How bout that?

 

[Dragonlady]

get back to me just as soon as she starts talking about airports in the revolution.. if trump ever had a competent economic advisor i'm sure he fired them.

Peter Navarro was Trump's economic advisor. He's out of jail now, so he's available to advise the Boss.

 

[rampart]

Peter Navarro was Trump's economic advisor. He's out of jail now, so he's available to advise the Boss.

wasn't that dobbs guy who pushes bum stocks on fox advising him?

not that it matters, trump must be so much smarter than his low iq advisors .

 

[Dragonlady]

Thomas Sowell, one of my mentors in critical thinking, once discussed the pros and cons of price gouging and its limited affect using the example of Hurricane Andrew in 1992. Until supply lines and roads could be opened up, those in control of the limited supply of drinking water, motel rooms, other essentials did significantly increase prices and were thorough condemned nationwide for doing so.

Sowell had a different take on it. He said at normal prices, people would likely buy as much water as they could to use not only for drinking but for other purposes. And many would be left with no water at all. Make that water very expensive though and people would buy only what they had to have to survive leaving supply for others. Ditto motel rooms. A large family might rent two or three motel rooms at normal rates but make those rooms very expensive and it would likely choose to make do with one room leaving shelter available for others. Price gouging increased the availability of supply for many while not affecting prices for non essentials one bit or affecting prices anywhere else but the hurricane area.

Of course some will develop all sorts of anecdotal scenarios to rebut his point of view, but I got his point and it deserves a place in the conversation. We saw much of the same phenomenon in the early months of COVID when the toilet paper hoarders made it almost impossible to get for millions. And what toilet paper was available was selling for three to four times its normal price limiting how much people bought. But that temporary 'price gouging' was probably necessary to increase supply and it did not directly affect any other products.

Once the supply chain became normal again, the price of toilet paper fell back to close to what it had always been.

But artificially cap the prices nationwide and the overall affect will be to suppress production and distribution that invariably will eliminate jobs, income, taxes paid, and create shortages just as it always has. And because we are talking raw materials, transportation, infrastructure, and processing all being affected, it could take years or decades for supply chains to return to normal and meanwhile the reduced supply will of necessity become far more costly, i.e. huge inflation.

Here is the problem with Sowell's line of thinking. Unless you have the cash resources to pay the inflated price for the water or the housing, you're not getting ANY water, and you're left without shelter. And the notion that the people will only buy what they need is foolish. People will buy what they can afford, and those with the greatest need, will have the least access.

Sowell's "every man for himself" attitude, means those least able to "fend for themselves" have nothing. But then Sowell thinks that racism doesn't impact black wealth, so he's not the brightest light out there.

wasn't that dobbs guy who pushes bum stocks on fox advising him?

not that it matters, trump must be so much smarter than his low iq advisors .

Larry Kudlow was his other economics guru. Kudlow started out in Reagan's Offiice of Budget Management. Kudlow is famous for penning an article for the National Review in December 2007, called "Bush Boom Continues", which predicted that W's boom was robust would last for years to come. The Great Recession started one month later.

 

[Couchpotato]

Gouging is inflation. It doesn’t cause inflation.

Do you know what is not inflation?

View attachment 997079
That’s shrinkflation.

Price gouging is 100% not inflation.

 

[sealybobo]

Price gouging is 100% not inflation.

Inflation is a general increase in the prices of goods and services over time, which can reduce the purchasing power of consumers and businesses.

Price gouging is an artificial increase in the prices of goods and services, which reduces the purchasing power of consumers and businesses.

 

[sealybobo]

Price gouging is 100% not inflation.

Real inflation, you don't blame the companies for it and they don't make more money off it. Price gouging is when their prices go down and they continue to charge us the higher rate because let's face it, why not? Us suckers just keep buying it.

And I thought the market would fix itself. If a company price gouges, that should open the door for a competitor to swoop in and steal that business. Libertarians say "let the market decide".

So how come there isn't a cheaper competitor moving in to steal the business from the price gougers?

 

[bendog]

Vice President Kamala Harris on Friday is expected to call for a federal ban on price gouging to lower grocery prices and everyday costs for Americans in her first economic policy speech

https://www.cnn.com/2024/08/15/politics/harris-price-gouging-ban-economic-policy-speech/index.html

Details...details... "the devil is in the details".

What price would Kamala suggest for a loaf of bread?
Price that was before she became VP which was: In 2020 loaf of bread $1.54 -------
Price today: Loaf of bread: $2.54 in 4 years nearly DOUBLE the price.

U.S. retail price of white pan bread 2024| Statista

The retail price of white pan bread in the U.S.

www.statista.com

So what will the supermarket, especially the smaller neighborhood store in what are called.."food deserts" that don't have enough volume?
The small "food desert" grocery store will have to pay MORE to the bread delivery group because THEY won't be able to give the "food desert" store the same discounts they are giving the supermarkets which buy at a larger volume and the delivery cost is lower, i.e. gas, labor etc.
So what will happen to the grocery store? They can't raise the prices on anything as they are the last stop in buying bread, etc.
Kamala and all ignorant people don't understand how this works don't obviously understand what "price gouging" is.
The small local grocery store in the "food desert" will close!

Trump has much bigger lies. Maga!!!!!!

 

[sealybobo]

Trump has much bigger lies. Maga!!!!!!

I like Kamala's idea to not tax waiters tips. Makes sense to me.

 

[bendog]

Inflation is a general increase in the prices of goods and services over time, which can reduce the purchasing power of consumers and businesses.

Price gouging is an artificial increase in the prices of goods and services, which reduces the purchasing power of consumers and businesses.

I'm really not sure if there's "price fixing" or coercion. Google (and msft - though msft got away with it) "fix prices" by paying mfrs to put their software, and not competitors, in computers. I'm not sure that the olive oil (or other food commodities) are price fixes. Imo, Harris is just throwing something out there to please progressives. And Maga complains? roflmao

Still, it does seem that we have fewer and fewer of sources for consumer goods. And that is not good.

 

[sealybobo]

I'm really not sure if there's "price fixing" or coercion. Google (and msft - though msft got away with it) "fix prices" by paying mfrs to put their software, and not competitors, in computers. I'm not sure that the olive oil (or other food commodities) are price fixes. Imo, Harris is just throwing something out there to please progressives. And Maga complains? roflmao

Still, it does seem that we have fewer and fewer of sources for consumer goods. And that is not good.

No we've known they are price gouging for awhile. Example. Food prices went up because of shortages. Then prices and supply chain problems went down. But the prices stayed high. Why? Because we continue to buy. If we would just stop then prices come down.

I notice the price of chicken is really high but once a month they do BOGO. So if you are smart inflation is not that bad. Most of these idiots buy and don't even look at the prices.

 

[healthmyths]

Trump has much bigger lies. Maga!!!!!!

Prove them! Why do you make such a dumb ass unsupported, childish comments? All that truly shows is your stupidity!
GET me FACTS...
FACTS LIKE THIS for example...
YOU as the idiot you are believe Trump said "drink bleach"... right???
Did you know that Biden said that... NOT TRUMP!
Biden: said "maybe if you drank bleach you may be okay".

NOW here is exactly what was said... FACTS not guesses or falsehoods!
This is the exact statement that Trump made and nowhere was the word "bleach" used!
I am quoting Trump exactly..
NOW FOR THE FACTS!!! GEEZ you dummies!
Donald Trump Coronavirus Press Conference Transcript April 23

Donald Trump Coronavirus Press Conference Transcript April 23

Donald Trump: Thank you very much. Later this evening, we expect the house to pass Paycheck Protection Program and Health Care Enhancement Act. I'm gratef...

www.rev.com

Who used the word "BLEACH"???
Bill Bryan DID: (28:34) William N. Bryan, the acting undersecretary for science and technology at the Homeland Security Department, detailed recent lab studies carried out by the agency at the U.S. Army’s high-level biosecurity laboratory at Fort Detrick, Md.

For example, increasing the temperature and humidity of potentially contaminated indoor spaces appears to reduce the stability of the virus, and extra care may be warranted for dry environments that do not have exposure to solar light. We’re also testing disinfectants readily available. We’ve tested bleach, we’ve tested isopropyl alcohol on the virus specifically in saliva or in respiratory fluids and I can tell you that bleach will kill the virus in five minutes. Isopropyl alcohol will kill the virus in 30 seconds and that’s with no manipulation, no rubbing. Just bring it on and leaving it go. You rub it and it goes away even faster. We’re also looking at other disinfectants, specifically looking at the COVID-19 virus in saliva. This is not the end of our work. As we continue to characterize this virus and integrate our findings into practical applications to mitigate exposure and transmission. I would like to thank the president, thank the vice president for their ongoing support and leadership to the department and for their work in addressing this pandemic. I would also like to thank the scientists not only in S and T and the NBAC, but to the larger scientific and R and D community. Thank you very much.

NOW check the exact words below... was the word "BLEACH" ever used by Trump? NO!!!
Donald Trump: (29:46)
A question that probably some of you are thinking of if you’re totally into that world, which I find to be very interesting. So, supposedly we hit the body with a tremendous, whether it’s ultraviolet or just very powerful light, and I think you said that hasn’t been checked, but you’re going to test it. And then I said supposing you brought the light inside the body, which you can do either through the skin or in some other way. And I think you said you’re going to test that too. Sounds interesting, right? And then I see the disinfectant, where it knocks it out in one minute. And is there a way we can do something like that by injection inside or almost a cleaning because you see it gets in the lungs and it does a tremendous number on the lungs, so it’d be interesting to check that so that you’re going to have to use medical doctors with, but it sounds interesting to me. So, we’ll see, but the whole concept of the light, the way it kills it in one minute. That’s pretty powerful. Steve, please.

 

[bendog]

No we've known they are price gouging for awhile. Example. Food prices went up because of shortages. Then prices and supply chain problems went down. But the prices stayed high. Why? Because we continue to buy. If we would just stop then prices come down.

I notice the price of chicken is really high but once a month they do BOGO. So if you are smart inflation is not that bad. Most of these idiots buy and don't even look at the prices.

I've yet to see a commodity that increased in price without a commensurate rise in producer costs. But I'd actually be happy to see one, since they can be altered faster than say .... avian flu.

Now software .... those prices can be fixed because makers can pay computer suppliers to put their software on instead of better software.

Egg prices continue to soar by nearly 20%, new inflation data shows

Consumer prices on rice, flour and fish fell compared to last July, but new inflation data showed the same cannot be said for eggs, which rose by 19% year over year.

abcnews.go.com

 

[sealybobo]

I've yet to see a commodity that increased in price without a commensurate rise in producer costs. But I'd actually be happy to see one, since they can be altered faster than say .... avian flu.

Now software .... those prices can be fixed because makers can pay computer suppliers to put their software on instead of better software.

Egg prices continue to soar by nearly 20%, new inflation data shows

Consumer prices on rice, flour and fish fell compared to last July, but new inflation data showed the same cannot be said for eggs, which rose by 19% year over year.

abcnews.go.com

I'm pretty sure the government knew supermarkets were gouging us after prices came back down.

Only one company I know of was FORCED to lower their prices because people stopped buying it. Cereal. They jacked up the price when everyone was locked down and then suddenly we weren't locked down anymore and we were sick of cereal and their prices were still high. They got used to making those profits. Well, no one was buying suddenly and they were forced to.

I can't believe Chicken is still so expensive. I don't buy it nearly as much as I used to.

 

[Nostra]

get back to me just as soon as she starts talking about airports in the revolution.. if trump ever had a competent economic advisor i'm sure he fired them.

Made it to the FIRST reply before a moron bleated ORANG MAN BAD.

That’s how bad Commiela sucks.

 

[Nostra]

I'm pretty sure the government knew supermarkets were gouging us after prices came back down.

Only one company I know of was FORCED to lower their prices because people stopped buying it. Cereal. They jacked up the price when everyone was locked down and then suddenly we weren't locked down anymore and we were sick of cereal and their prices were still high. They got used to making those profits. Well, no one was buying suddenly and they were forced to.

I can't believe Chicken is still so expensive. I don't buy it nearly as much as I used to.

Prices have not come down, liar.