Kamalonomics

Lionfish said:

‘Make America Affordable Again’: Here’s How Much More Everyday Items Cost Than When You Voted Four Years Ago​

Prices since November 2020 have increased by roughly 21%, with year-over-year inflation under Biden peaking at about 9% in June 2022 and decelerating to its current annual rate of 2.4% as of September, according to data from the Bureau of Labor Statistics analyzed by the Daily Caller News Foundation. Price hikes for a slew of products have well-exceeded the overall price rise, including household staples like eggs and butter, which rose by approximately 163% and 50% between November 2020 and September 2024, respectively.

Beef products have also been hit hard by Biden-era inflation, with prices for uncooked beef roasts rising over 31%, uncooked ground beef climbing nearly 27% and uncooked beef steaks increasing approximately 28%, according to BLS. Meanwhile, the price of bread is up over 23% and bakery products up almost 27%.
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From Facebook...
 
Lionfish said:
View attachment 28723
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On the up-side, your retirement is probably at levels it has never been before!

That's kind of how you know "capitalism isn't really working great". Corporations are enjoying unheard of levels of profitability and capitalization yet everyday Americans are struggling. The rich are getting richer and everyone else is struggling to keep their heads above water.

How do you fix it? Does Trump have a great plan? Well, given that his plan seems to be tariffs on all foreign goods, he's got a great plan for basically destroying what little purchasing power the regular joe and jane sixpack currently enjoy. But that's OK because Trump and the rest of MAGA don't really know where the $$$ to pay tariffs comes from. They'll figure it out soon enough.

Look: NEITHER part is going to be able to address these things. First off the inflationary spike was due to COVID. We have to dig our way out of that mess but the RATE of inflation is back down to normal. Which is good (thanks BIden). Now we need to ease prices.

Not sure, short of mandating prices via a centrally controlled economy is going to do it. We have to wait for the market to work as the market works.

REMEMBER: YOU guys on the RIght tell us every day and in every way to TRUST THE FREE MARKET. Welcome to the shit, friends. Now trust the free market.
 
Daylight63 said:
On the up-side, your retirement is probably at levels it has never been before!

That's kind of how you know "capitalism isn't really working great". Corporations are enjoying unheard of levels of profitability and capitalization yet everyday Americans are struggling. The rich are getting richer and everyone else is struggling to keep their heads above water.

How do you fix it? Does Trump have a great plan? Well, given that his plan seems to be tariffs on all foreign goods, he's got a great plan for basically destroying what little purchasing power the regular joe and jane sixpack currently enjoy. But that's OK because Trump and the rest of MAGA don't really know where the $$$ to pay tariffs comes from. They'll figure it out soon enough.

Look: NEITHER part is going to be able to address these things. First off the inflationary spike was due to COVID. We have to dig our way out of that mess but the RATE of inflation is back down to normal. Which is good (thanks BIden). Now we need to ease prices.

Not sure, short of mandating prices via a centrally controlled economy is going to do it. We have to wait for the market to work as the market works.

REMEMBER: YOU guys on the RIght tell us every day and in every way to TRUST THE FREE MARKET. Welcome to the shit, friends. Now trust the free market.
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Err, ever check the value of your dollar?
 
Lionfish said:
Prolly nothing to do with the skyrocketing cost of energy, building restrictions, supply chain problems, or the democrat demands fot a $20/minimum wage. You fuckers are insane.
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Look at the bonus's of the corporate leaders of these companies jacking up prices... They went way up. This is not inflation caused by policy, it is caused by greed.
 

Jarod said:
Look at the bonus's of the corporate leaders of these companies jacking up prices... They went way up. This is not inflation caused by policy, it is caused by greed.
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QFT.

And it's not just the last 4 years. It's been going on for decades now. Since Reagan got the GOP onboard with "Trickle Down Economics" and there was a massive cut in corporate taxes and top marginal tax rates on the ultrawealthy we've seen a steady increase in overall productivity and profit for corporations while the middle income earners have stagnated for the most part.

Anyone who can look at that and say capitalism is working for them is not among the 99% of Americans for whom the reality is we get less and less with each passing year and they get more and more. And we are seeing GOP candidates who think it isn't enough.
 
Harris and price controls is going to be a disaster.

Venezuela tied them...
ifreetrade.org

Lessons from Venezuela’s devastating price controls | IFT

ifreetrade.org

www.cfr.org

Venezuela: The Rise and Fall of a Petrostate

Venezuela’s ongoing descent into economic and political chaos is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
www.cfr.org www.cfr.org

Nixon (a Republican) tried them...

reason.com

Price Controls Were a Disaster in the 1970s. They Would Be a Disaster Today, Too.

With some pundits advocating for price controls to fight inflation, it suddenly feels like the 1970s again. This type of overbearing intervention has
reason.com reason.com

FDR tried them...
www.historynewsnetwork.org

FDR's policies prolonged Depression by 7 years, UCLA economists calculate

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt. After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian...
www.historynewsnetwork.org www.historynewsnetwork.org


Harris, oblivious to history ("unburdened by what has been") wants to try them again. We can't afford that kind of stupidity leading our nation.
 
T. A. Gardner said:
Harris and price controls is going to be a disaster.

Venezuela tied them...
ifreetrade.org

Lessons from Venezuela’s devastating price controls | IFT

ifreetrade.org

www.cfr.org

Venezuela: The Rise and Fall of a Petrostate

Venezuela’s ongoing descent into economic and political chaos is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
www.cfr.org www.cfr.org

Nixon (a Republican) tried them...

reason.com

Price Controls Were a Disaster in the 1970s. They Would Be a Disaster Today, Too.

With some pundits advocating for price controls to fight inflation, it suddenly feels like the 1970s again. This type of overbearing intervention has
reason.com reason.com

FDR tried them...
www.historynewsnetwork.org

FDR's policies prolonged Depression by 7 years, UCLA economists calculate

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt. After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian...
www.historynewsnetwork.org www.historynewsnetwork.org


Harris, oblivious to history ("unburdened by what has been") wants to try them again. We can't afford that kind of stupidity leading our nation.
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Harris has never really proposed price controls that I am aware of. But what I find fascinating is that Trump HAS said he will jack up prices on foreign goods by up to 100% in the form of tariffs. Who do you think pays that $$$? Hint: it is YOU AND I.

Now you may say "it will cause the companies to move manufacturing back to the US!" but that won't happen for a very long time, even if they wanted to. It takes a long time to shutter facilities overseas and develop the infrastructure at home. So for the foreseeable future I hope you and the other MAGA folks celebrate when about 80% of the stuff you buy on a daily basis is 100% higher in cost for a few years.

(And that doesn't even get into the howling you will do when you have to pay an American a living wage to make your t-shirts. You think you pay too much right now? You will be very surprised if you get all your wishes. The real difference between you and I on this front is that I'm more than happy to pay an American a living wage to make the shit I buy which will, by definition, increase my costs. Are you?)
 
Daylight63 said:
Harris has never really proposed price controls that I am aware of. But what I find fascinating is that Trump HAS said he will jack up prices on foreign goods by up to 100% in the form of tariffs. Who do you think pays that $$$? Hint: it is YOU AND I.

Now you may say "it will cause the companies to move manufacturing back to the US!" but that won't happen for a very long time, even if they wanted to. It takes a long time to shutter facilities overseas and develop the infrastructure at home. So for the foreseeable future I hope you and the other MAGA folks celebrate when about 80% of the stuff you buy on a daily basis is 100% higher in cost for a few years.

(And that doesn't even get into the howling you will do when you have to pay an American a living wage to make your t-shirts. You think you pay too much right now? You will be very surprised if you get all your wishes. The real difference between you and I on this front is that I'm more than happy to pay an American a living wage to make the shit I buy which will, by definition, increase my costs. Are you?)
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I guess you DO live under a rock...



www.usatoday.com

Wait, what does 'price gouging' mean? How Harris plans to control it in the grocery aisle

Democratic presidential nominee Kamala Harris plans to ban food 'price gouging' to fight inflation, but how big of a problem is it? Experts weigh in.
www.usatoday.com


As for tariffs, in the past they have made manufacturers move to the US. The auto industry is a perfect example. High tariffs were imposed on foreign vehicles back in the 70's. The Japanese, in particular, built plants in the US to manufacture their vehicles here and avoid the tariff. That's one example. So, instead of shuttering overseas operations, companies just expand by building new plants in the US. Taiwan Semi-Conductor is such a company. They're worried China might invade Taiwan so they're building new plants in the US.
 
T. A. Gardner said:
I guess you DO live under a rock...



www.usatoday.com

Wait, what does 'price gouging' mean? How Harris plans to control it in the grocery aisle

Democratic presidential nominee Kamala Harris plans to ban food 'price gouging' to fight inflation, but how big of a problem is it? Experts weigh in.
www.usatoday.com


As for tariffs, in the past they have made manufacturers move to the US. The auto industry is a perfect example. High tariffs were imposed on foreign vehicles back in the 70's. The Japanese, in particular, built plants in the US to manufacture their vehicles here and avoid the tariff. That's one example.
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Ahh, so you are pro-price gouging?

Got it.
 
Daylight63 said:
LOL. Hate to break it to you but CEO's are raking in massive bonuses while you guys struggle to afford goods.

I believe you are smart enough to connect those dots. But maybe I'm mistaken.
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Oh, trying some class envy now hum? Do you even know what the profit margin on groceries is right now?
 
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