All hail Presidents Biden and Harris!
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WarrenPeace — 1 year ago(August 15, 2024 05:20 AM)
Yeah, if you wanna make money, make something everyone can use.
Food or TP.
That covers both ends!
LOL
Me too.
Gotta go and watch the B and B I recorded.
Good night.
"Please vote to preserve the unique character of Warren…" - Robert Duvall -
CrystalRaindrops — 1 year ago(August 16, 2024 02:54 AM)
Was B&B good?
True about both ends. On a related note, Harris wants to stop grocery gouging (this only mentions her going after food companies, but what about supermarket CEOs? Either way, some people will call her a communist for wanting to stop the gouging):
Within her first 100 days in office, the Democratic presidential candidate will push for the first-ever federal ban on “corporate price gouging” by food companies to prevent them from “unfairly jacking up prices on consumers,” her campaign said Wednesday. Harris also wants to provide the Federal Trade Commission (FTC) and state attorneys general with the authority to impose stiff penalties on corporations that violate such a ban.
Grocery prices increased by roughly 25% between 2019 and 2023, outpacing the rise in consumer goods, according to the U.S. Department of Agriculture. Although prices are still high and steadily growing, the pace of those increases has slowed down.
On Wednesday, the Bureau of Labor Statistics reported that food at home prices increased 1.1% year-over-year in July, marking the ninth straight month of growth below 2%. A key outlier is the price of eggs, which increased 5.5% compared to a month earlier because of low supply caused by bird flu outbreaks, among other factors.
Lina Khan, the FTC’s chair, earlier this month said she would push for a probe into why grocery prices have surged, saying that an inquiry would “shed light” on why prices and profits at grocery chains “remain so high even as costs appear to have come down.” In March, the FTC found that the three biggest grocery chains – Amazon, Kroger, and Walmart – raised food prices and gained a hefty profit due to pandemic-led supply chain snarls.
https://qz.com/kamala-harris-high-grocery-prices-inflation-regulation-1851623022 -
WarrenPeace — 1 year ago(August 17, 2024 03:16 AM)
Was B&B good?
One was interesting where they are smarter space aliens in an alternate universe.
Again, I dunno how much power the president has to do this stuff.
Both will say things just to get votes.
In any case, how rude for those in charge jacking up the prices like that.
"Please vote to preserve the unique character of Warren…" - Robert Duvall -
Yermom_Is_God — 1 year ago(August 16, 2024 07:06 AM)
The insane prices were caused mostly by gougers, like supermarket CEOs
That is 100% false. This is just insane illiterate economics. It is solely due to government printing and spending insane amounts of money. It is not price gouging and it is not greedy corporations, that idea is pure idiocy spewed by big government socialists. We printed twice as much money in two years than has ever existed in the history of the country. That is what caused inflation. More money supply chasing the same or fewer products. It is so frustrating to me seeing people who fully supported the government shut down the economy for 2 years and accuse people like me, who warned of the ramifications of inflation, of being selfish and trying to kill grandma, then turn around and blame private businesses instead of the government. The ****ing government bootlicking is so infuriating to me.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Gluten Panic — 1 year ago(August 16, 2024 09:11 AM)
Exactly and some libs are acting like it's something to celebrate, but this 2.9% is ON TOP of all the previous inflation that we've been dealing with for the last 3 years. Have your grocery, auto, energy, and everything else prices gone back down to what they were before they started their insane rise?
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Yermom_Is_God — 1 year ago(August 16, 2024 03:50 PM)
Sorry, Crystal, I came in hot. Was drunk when I wrote that out. While I am correct, I didn't mean to be that insulting.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
Yermom_Is_God — 1 year ago(August 16, 2024 03:59 PM)
Lol! No, I like Crystal, I don't like 9 of the 10 people who use your account.
"I am Kamala Harris, my pronouns are she and her, and I am a woman sitting at the table wearing a blue suit." -A fucking idiot -
CrystalRaindrops — 1 year ago(August 17, 2024 12:23 AM)
So this article (from March) is all lies? How do you choose which sources to believe?
The Real Root of High Food Prices: Corporate Greed and Consolidation
In this month’s State of the Union Address, President Joe Biden spoke to what most people in the U.S. are seeing right now — trips to the grocery store are more expensive than ever. The reason? Corporate greed.
“Too many corporations raise their prices to pad their profits, charging you more and more for less and less,” he said.
We couldn’t agree more. In the days before the State of the Union, we found that from 2020 to 2024, the cost to feed a family of four grew 2.5 more than the rate of inflation.
Meanwhile, corporate profits rose five times faster than inflation from 2020 to 2022 — some to record highs.
What’s more, a recent report from the Biden administration shows how big companies benefited from worsening the supply chain problems that raised prices during the pandemic.
This trend has been enabled by lax antitrust enforcement that has let corporate giants get bigger. And as they get bigger, their power grows, too. Luckily, we know just how to tackle this — and so does Biden.
First, let’s take a look at how corporate consolidation works in the American economy. We say markets are “consolidated” when a small handful of very big companies dominate an entire sector. They do this by buying (acquisitions) or joining (mergers) with another company.
Consolidation gives these giant corporations the ability to dictate what goes on in the market, from prices to working conditions. As the president himself said, “Grocers in consolidated markets charge you more because you have nowhere else to shop.” That’s market power.
And corporations are amassing it all across our food system. A few huge players have taken over the markets for dairy, packaged foods, seeds, grocery stores, and more.
Previous governments have failed to stop this trend. Decades ago, the U.S. took consolidation seriously, but more recent administrations have sided with corporations over families. They failed to stop mergers and acquisitions or the unfair practices that big corporations use to cement their reign. As a result, food prices are soaring, while CEOs and shareholders pocket unprecedented profits.
The rest of the article is here:
https://www.foodandwaterwatch.org/2024/03/26/high-food-prices-consolidation/
