WaPo and CNN wreck Comrade Kamala’s economic policy proposal
- Thread starter Phenomenally Frantastic
- Start date
She will save us from Trump "policies", which are what? Other than doing criminal things to enrich himself.
One 5 minute lesson destroys her and her idiotic campaign team on economics.
Even liberal sycophants WaPo and CNN agree!
Were you in jail from 2016-2020?
Harris is an idiot. I can’t believe she is the democratic nominee…
I really can’t believe Donald Trump is the Republican nominee again either, but, Harris is even more pathetic.
“We welcome everyone.”
“Don’t come!”
😂😂
I really can’t believe Donald Trump is the Republican nominee again either, but, Harris is even more pathetic.
“We welcome everyone.”
“Don’t come!”
😂😂
More pathetic than Trump? Trump can barely function. I wonder if he wipes his own behind.
People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America.
I worked in M&A in the food industry. Here’s a step-by-step summary of what would actually happen:
1. The government announces that grocery retailers aren’t allowed to raise prices.
2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices.
3. Not all grocery stores are created equal. Stores in lower-income areas make less money than those in higher-income areas, as the former disproportionately sell lower-margin prepackaged foods (“center of the store”) instead of higher-margin fresh products like meat (“perimeter of the store”). Because stores in lower-income areas aren’t able to cover overhead (remember, even if their wholesale costs are fixed, their labor, utilities, insurance, and other operating expenses aren’t fixed… yet), grocery chains start to shut them down. Food deserts in rural areas and in low-income urban areas alike become worse.
4. Meanwhile, margins for food producers are also quickly eroding. Their primary costs (ingredients, energy, and labor) aren’t fixed, and their shrinking gross profits leave less cash flow available to cover overhead, maintain facilities, and reinvest in additional production capacity.
5. Grocery chains, which have finite shelf space, start to repurpose their stores (those they didn’t have to shut down, I should say) to sell more non-price-controlled items—everything from nutrition supplements to kitchenware to apparel—and less price-controlled food products. Your local Kroger or Safeway starts to look and feel more like a Walmart.
6. Food producers stop making products with lower margins. Grocery chain start competing with each other to secure inventory. Since they can’t compete by offering stronger prices (remember, producers aren’t allowed to raise prices here, and, even if they could, grocery chains no longer have the gross profit to bear price increases), they compete on things like payment terms.
7. Small grocery chains start to shut down entirely, or get sold to larger chains like Kroger. In addition to not being able to cover fixed costs, a major reason for this is because they can no longer reliably secure delivery of products, due to producers prioritizing sales to larger customers, which are able to leverage their stronger balance sheets to offer superior payment terms.
8. Smaller food producers—which typically sell via distributors, rather than directly to grocery chains—start to go out of business. Because these producers have an additional step their value chains, and because they have lower volumes over which to spread their fixed costs, their cost structure is inherently disadvantaged compared to major food producers. When grocery stores aren’t able to raise prices, cutting product costs becomes all the more important, and deprioritizing purchases from smaller producers is an easy way to do so.
9. As supply chains break down, lines start to form outside grocery stores every morning. Cities assign police officers to patrol store parking lots, and food producers draft contingency plans to assign armed escorts to delivery trucks.
10. The federal government announces a program to issue block grants for states to purchase and operate shuttered grocery stores. The USDA also seizes closed-down production facilities.
11. The government announces that prices for all key food costs—corn, wheat, cattle, energy, etc.—are also now fixed, to stop “profiteers” from gouging the now-government-operated food industry.
12. Shockingly, the government struggles to operate one of the most complex industries on the planet. The entire food supply chain starts imploding.
13. Communism, mass starvation, and the end of America quickly ensue.
Hey wait a second
Where is this proof that Trump can barely function 😂
We listened to you jokers support the barely-functioning Joe Biden for years when he LITERALLY barely functions in the most basic aspects of life….shut up.
Well, this is not reality from my experience.
I ordered an entire aisle of product for years while at Hy-Vee and my profit-margin goals were often minimum 19%
Gross or net?
An aisle versus the entire store?
I know a manager at local Iowa Hy-Vee, he said their margins are terrible right now. About 2-3%.
I would very often make over 19% net profit on my items.
But again, that was only my section and not considering all the other departments within the store 🤷🏼♂️ so I was probably a little “in the wrong” by responding the way I did.
More fear porn from "Leading Report", a far right source.
And EVERY Harris idea will be criticized by someone.
You govern by what policies help the most people. Or, at least, you should.
It still comes down to Dem policies vs GOP policies.
Easy choice.
And EVERY Harris idea will be criticized by someone.
You govern by what policies help the most people. Or, at least, you should.
It still comes down to Dem policies vs GOP policies.
Easy choice.
The Biden administration successfully drove down the cost of prescription drugs, so at least they're trying to help average Americans.
What's the MAGA economic plan? Drill baby drill, tariffs, and cut taxes for the rich?
What's the MAGA economic plan? Drill baby drill, tariffs, and cut taxes for the rich?
It’s to screw up the economy for the 4th time in a row for the next democrat to clean up…then tell their voters the democrats are at fault. Never ending cycle.
Price controls don’t work. It’s stupid policy.
Why Price Controls Should Stay in the History Books
Prices allocate scarce resources. Price controls distort those signals, leading to the inefficient allocation of goods and services.
It’s simply red meat for stupid people. Might work out well for her 😂
When your opponent calls you ‘communist,’ maybe don’t propose price controls?
It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is.
More like (willie) brown meat. That certainly worked out well for her.
Wait, the MSM states something that aligns with your beliefs, and they are good, but other times, the MSM is garbage and can not be trusted, wow
Harris: "I'm going to go after price gouging!"
CNN: "PRICE FIXING IS A FAILED COMMUNIST POLICY THAT WILL RUIN THE ECONOMY!"
Trump: "I'm going to impose more tariffs like I did last time! Tariffs are a tax on another country and don't affect our country!"
CNN: *crickets*
CNN: "PRICE FIXING IS A FAILED COMMUNIST POLICY THAT WILL RUIN THE ECONOMY!"
Trump: "I'm going to impose more tariffs like I did last time! Tariffs are a tax on another country and don't affect our country!"
CNN: *crickets*
