To quantify the ridiculousness of this proposal: Claims About Increased Profits by Kroger and Publix Are False. In 2023, the company recorded an operating profit of $4.47 billion, down from $4.76 billion in 2022. Its operating profit as a percentage of sales—which measures how much profit a business makes on average per dollar of sales—saw a similar decrease from 8.7 percent in 2022 to 7.8 percent in 2023 In 2023, Publix’s net income increased only from $4.05 billion to $4.09 billion year-over-year, or a 0.1 percent increase Kroger’s financial statements report an even steeper decline in 2023 profits. The company recorded a 3.6 percent decrease in net income 25 percent decrease in operating profits during 2023. Like Publix, its operating profit as a percentage of sales also decreased, falling from 2.78 percent in 2022 to 2.06 percent in 2023. So Publix a very profitable grocer had a net profit margin in the 6-7% range (which is high for a grocer). Kroger is less than 2%. So if you forced Publix to cut is profits in half, prices would be 3% lower. If you forced Kroger to give up all its profit, prices would be 2% lower. So this narrative the price gouging is a primary cause of food inflation is nonsense.
It's a scapegoat for the inflation which occurred under Biden-Harris, pure and simple. This is her way to blame Kroger and Publix, instead of blaming the administration she serves in. She won't ever actually get price controls through Congress and she knows that. I think Americans will wake up to what she's attempting to do. Her event was fake too. If you watch the video, you can tell the crowd behind her is choreographed. They let out a burst of elation when she noted the cap on insulin prices. A crowd doesn't lose their minds over something like that. The sheer amount of propaganda, smoke and mirrors is incredible.
I was thinking the same thing when I was listening to her speech. Gee, Kamala, who's responsible for that? A rare moment of candor for the Teleprompter Queen, as most of our friends here on the left would never cop to those figures. Well done, Camela, well done.
I have lived in Europe twice. I like most of the food there a lot better. Although not all European countries are identical. I heard a Belgian economics professor explain how preference influences supply and demand by saying why is it that Belgians like good food and the Dutch like bad food? It’s their preference. In a lot of ways, Americans prize looks over taste. I had a UF classmate who had a friend who was a buyer for Safeway grocery stores in CA. The friend told him they looked for large, perfectly shaped strawberries, even if they tasted like Styrofoam. A friend of ours in Belgium had a small strawberry farm. The strawberries were small and irregular in shape, but burst with flavor when you bit them.
Keep shilling for your empty-headed, unpatriotic, insulting, unqualified, lying, loathsome and morally bankrupt former guy. "our friends here on the left"? Friends don't let friends make excuses for Trump. Oh, by the way, we noticed you did not bother to post on the Congressional Medal of Honor thread. Yet you have something to say on everything else. No opinion there about what your guy said? No excuses?
The last paragraph reminds me of Red Delicious Apples. Although it's changed over the last several years the Red Delicious apple was probably the most popular apple. It was bred to be large, beautifully shaped and with an appealing red color. The apples also tended to have a mealy texture and a rather bland flavor. I almost never purchased them and fortunately they are no longer among the more popular apples having been replaced by much better tasting varieties like Honey Crisp, Braeburn, Gala and Jazz just to name a few.
The Washington Post Editorial Board Body Slams Kamrade Harris: The Washington Post's Editorial Board Just Decimated Kamala Harris (townhall.com) This is just the beginning and from a part of the lamestream media to boot: Americans are clearly still anxious and angry about the high cost of groceries, housing and even $5.29 Big Macs. While the inflation rate has cooled substantially since the 2022 peak, an ostensible Biden-Harris administration accomplishment, prices remain elevated relative to the Trump years. So it’s a real political issue for Ms. Harris. One way to handle it might be to level with voters, telling them that inflation spiked in 2021 mainly because the pandemic snarled supply chains, and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it. The vice president instead opted for a less forthright route: Blaming big business. She vowed to go after “price gouging” by grocery stores, landlords, pharmaceutical companies and other supposed corporate perpetrators by having the Federal Trade Commission enforce a vaguely defined “federal ban on price gouging.” Never mind that many stores are currently slashing prices in response to renewed consumer bargain hunting. Ms. Harris says she’ll target companies that make “excessive” profits, whatever that means… Her ideas would cost money, yet she insisted in her speech that she would hold to President Joe Biden’s pledge not to raise taxes on any household earning $400,000 or less annually. That excludes 80 percent of taxable income, and does not take into account the recent surge in families earning over $400,000. The Harris campaign says it plans to raise revenue to cover these costs but did not provide specific offsets in its economic plan rollout. Without them, Ms. Harris’s full plan would add $1.7 trillion to federal deficits over a decade, according to the Committee for a Responsible Federal Budget, a nonpartisan budget watchdog. To be sure, every campaign makes expensive promises that will never come to pass, especially with a divided Congress. Remember Mr. Biden’s pledge to make community college free? Even adjusted for the pandering standards of campaign economics, however, Ms. Harris’s speech Friday ranks as a disappointment.
Headlines from the MSM are particularly brutal today. CNN even getting in on this: Harris price control plan is a heavy dose of bad economics MSN Harris’s Plan Is Economically Dumb but Politically Smart Kamala Harris can't even fathom basic economics
Hey look, Donald the Clown has a really good plan to curb inflation too! (People will really vote for this buffoon? ) To address high prices, Trump said he would sign an executive order on his first day sworn in as president "directing every cabinet secretary and agency head to use every power we have to drive prices down, but we're going to drive them down in a capitalist way, not in a communist way," he said.
Because price control worked so well before? Do they teach history class anymore? Hell even lefty wapo is warning her of it https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/
Maybe she should just sign an executive order- and on Day 1!!- to have her cabinet fix it. Why didn't Biden just do that?
haha got to love the person that has been second in command for the last 4 years promising to fix the problems they helped cause.
For all we know, Kamrade Kamala was running the country and not Biden. She is #1 responsible for the border and immigration and likely on everything else too. The DOD went out of the way on Friday to say weapon shipments to Israel were going out and that the US will continue to support Israel against their Hamas ideological enemy bent on Israel's destruction. Don't think this was a middle finger salute to Harris. It is 180 different from what Harris is saying. There is a reason the 25th Amendment hasn't been used. The old fart isn't anything more than a figurehead.
The VP has no ability to do any of the stuff you all think they do, lol. Why didn’t Trump fix any of the stuff, border included, during his four years as being actual president? You all are totally fine with all of his broken promises for some reason.
I have a solution for you, don’t shop at publix if you’re so mad about it. I can get the same shirt at Ross/Marshalls for $10 that I can get at Maui Nix for $25, should I be mad at the store or myself for being a fool?
