Fantastic. Why doesn’t she do it now with Biden though? What’s stopping her now that won’t on Day 1?
Harris promises on Day 1 to lower grocery prices.
- Thread starter FAUlty Gator
- Start date
We are not a communist country so she can't dictate private pricing. Lala land as usual. She would love communism.
this is a very solid question
Not exactly what she said. She's not currently President so she can't take executive actions.
Harris told a packed campaign rally in Atlanta last week that she would “take on price gouging and bring down costs” on “Day One” of her presidency.
As president, Biden has promised to crack down on price gouging and so-called shrinkflation, but has so far resisted progressives’ latest call to unleash a suite of executive actions targeting food retailers and others.
While Harris has mostly echoed White House talking points on the economy, her rhetoric in recent weeks has made progressive Democrats hopeful that she could break with Biden on the matter.
A question 99.9% of likely Dem voters will never even contemplate.
Yeah, saying random bullshit just to get a crowd response is one part of the Republican campaign strategy she needs to not adopt. I'm assuming she actually said this because while FAUlty will often intentionally skew an interpretation of something just to start an argument he doesn't typically just pull out things that didn't actually ever happen.
hawkeyetraveler
HB Heisman
Interview or scripted promise…maybe at the end of the month. Or when JB gets back from the beach….
The hyper-consolidated diaper industry is dominated by just two companies, Procter & Gamble and Kimberly-Clark, which own well-known diaper brands like Pampers, Huggies, and Luvs. The cost of wood pulp, a key ingredient for making diapers absorbent, did spike during the pandemic, increasing by more than 50 percent between 2020 and 2021.
But last year it declined by 25 percent. Did that drop in costs lead Procter & Gamble and Kimberly-Clark to lower their prices? Far from it. Diaper prices have increased to nearly $22 on average.
These corporate giants have no plans to bring prices down anytime soon. In fact, their own executives are openly bragging about how they’re going to “expand margins” on earnings calls. Procter & Gamble predicted $800 million in windfall profits as input costs decline. Kimberly-Clark’s CEO said the company has “a lot of opportunity” to expand margins over time.
PepsiCo raised its prices on snacks and beverages by roughly 15 percent twice in the last year while bragging to shareholders that their profit margins will grow as input costs come down. Tyson’s earnings report flaunted how their higher prices have “more than offset” their higher costs. The CFO of Hershey said last quarter that pricing gains more than offset inflation and higher costs.
It's Not 'Inflation' — We're Just Getting Ripped Off. Here's Proof.
Corporate profits accounted for more than half of recent price increases. To stamp out inflation once and for all, we need to crack down on price gouging.
inequality.org
The hyper-consolidated diaper industry is dominated by just two companies, Procter & Gamble and Kimberly-Clark, which own well-known diaper brands like Pampers, Huggies, and Luvs. The cost of wood pulp, a key ingredient for making diapers absorbent, did spike during the pandemic, increasing by more than 50 percent between 2020 and 2021.
But last year it declined by 25 percent. Did that drop in costs lead Procter & Gamble and Kimberly-Clark to lower their prices? Far from it. Diaper prices have increased to nearly $22 on average.
These corporate giants have no plans to bring prices down anytime soon. In fact, their own executives are openly bragging about how they’re going to “expand margins” on earnings calls. Procter & Gamble predicted $800 million in windfall profits as input costs decline. Kimberly-Clark’s CEO said the company has “a lot of opportunity” to expand margins over time.
PepsiCo raised its prices on snacks and beverages by roughly 15 percent twice in the last year while bragging to shareholders that their profit margins will grow as input costs come down. Tyson’s earnings report flaunted how their higher prices have “more than offset” their higher costs. The CFO of Hershey said last quarter that pricing gains more than offset inflation and higher costs.
It's Not 'Inflation' — We're Just Getting Ripped Off. Here's Proof.
Corporate profits accounted for more than half of recent price increases. To stamp out inflation once and for all, we need to crack down on price gouging.
Prices are dictated by supply and demand. Not the cost of raw materials.
Just the thought of her fvcking shit up with regulations, etc. might be enough to get companies to do it themselves. Oh well, I guess they will have to get by with pretty good profits instead of record profits
The problem with this isn't that Kamala is dumb enough to think she can do it. The problem is, if she got elected we would deal with 4 years of having to explain to her that it has nothing to do with her skin or what is between her legs, it's just a horrible ****ing idea. ( if what she is wanting to do is even legal at that moment)
The FTC has been and can be easily weaponized.
Hold on to your hat, but she's lying.
She does not and will not have the kind of control to lower prices on Day 1. But no one will ask her why Biden hasn't done it already and why they're going to wait until then to do it. It's just another empty campaign promise that will be forgotten the day after the election.
We have numerous progressives on this board. Any of you want to break this down for the rest of us as to how this can be done?
There is plenty of evidence that corporate food distributors like Kroger and Safeway are artificially raising prices to increase profits. This is based on their earnings reports and that some have begun lowering prices because people aren't buying as much. What progressives aren't getting is you can't just fix that with an executive order. So it's easy to resist it because it can't be done that way.
What does "artificially" mean?
You think stores have some sort lawful/unlawful retail price markup?
If Kroger sets their price too high, shoppers will purchase the product from someone else.
Well, they used inflation and supply chain issues to raise prices around Covid and then never lowered them, in fact kept raising prices even after inflation went back to normal levels but kept using that as the reason for why prices had to increase. And then they posted record profits which shouldn't happen if inflation were actually the reason. Also, since there actually isn't much competition for grocery stores true market forces can't take hold because they all just raise prices and people can't go without buying food so they end up having to spend the money whether they want to protest the high prices or not.
No kidding. If there's one thing this board needs is more Trump talk. Especially in threads having nothing to do with him.
Trump will immediately slow border crossing
He will use executive order to reduce regulation on drilling thus lowering inflation
This is just for starters. These are real things that can be done.
Well the topic was presidential promises, in this case lower grocery costs. Trump has claimed a many things that he has no policy for that his followers never question him on. You seem to be one.
There's ALL KINDS of competition for groceries unless you live in BFE.
For me within a 10 mile radius:
Publix
Walmart
Winn-Dixie
Fesco y Mas
Sav-A-Lot
Bravo
Whole Foods (might be a little farther than 10 miles)
And of course your Dollar Generals and Dollar Trees sell some limited "groceries"...
More like 30 miles to get to a warehouse club, but that's also competition for "groceries".
Large communities certainly do. Not so much in small towns but all of those are owned by larger conglomerates who work together to rig prices. Or at least it seems that way.
A political candidate spewing promises they cannot keep? The hell you say!
I've only been hearing that since middle school student council president promising pizza every day for lunch and no homework
I've only been hearing that since middle school student council president promising pizza every day for lunch and no homework
Supply and demand pricing is a lie.
"when firms have market power, or the ability to affect the price with their output decisions,
we say that prices are endogenously determined, or determined as a result of the firms’ profit maximizing decisions.
you can’t get a supply curve, and hence you can’t do traditional supply and demand analysis."
The Supply and Demand Model is Wrong
We’ve all heard the expression, “It’s all simple supply and demand!” I’m here to tell you that this entire model is wrong -- but useful.
profspeak.com
Where are all the posers that stated that they are better off now than under DT? You know who you are...
Supply and demand pricing is a lie.
"when firms have market power, or the ability to affect the price with their output decisions,
we say that prices are endogenously determined, or determined as a result of the firms’ profit maximizing decisions.
you can’t get a supply curve, and hence you can’t do traditional supply and demand analysis."
The Supply and Demand Model is Wrong
We’ve all heard the expression, “It’s all simple supply and demand!” I’m here to tell you that this entire model is wrong -- but useful.
They can only play that game so long before the law of supply and demand smacks them in the face.
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