That's not how the economy works, Joe! Biden demands supermarkets cut soaring grocery prices that threaten his re-election - even though reasons for spikes are beyond stores' control

Daily Mail ^ | 2 February 2024 | STEPHEN M. LEPORE

[artichokegrower]

Joe Biden has suggested supermarkets should defy the laws of supply and demand to lower soaring prices that threaten his chances of re-election.

'There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,' he said at a speech in South Carolina last week.

'Americans, we're tired of being played for suckers and that's why we're going to keep these guys - keep on them and get the prices down.'

[eyeamok]

Just paid $63,000 for half ton pickup

You paid to much, I just bought a Silverado 1 ton with a service body and paid $64K out the door, I flew to my house in Arizona and bought it there and had my friend fly my plane back and I drove the truck back. In 6 months I will transfer it to California Plates, you have to wait a year to do it. Saved $10K

[alexander_busek]

[...] price gouging, junk fees, greedflation, shrinkflation,' he said at a speech in South Carolina last week.

Can all be subsumed under a single term: Bidenflation.

Regards,

[Jeff Chandler]

Major supermarkets make about 2 cents on the dollar. There is no room to cut.

[hillarys cankles]

In 6 months I will transfer it to California Plates, you have to wait a year to do it. Saved $10K

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Regardless what you saved, that yearly CA registration on that new truck is gonna sting like a mofo.

[PeterPrinciple]

https://www.rbth.com/business/336676-how-food-prices-decreased-under-stalin-ussr

Soviet newspapers dedicated entire pages to the price reduction, telling citizens about economic well-being and the accessibility of goods. On April 2, 1953, the front page of Pravda praised the sixth price reduction: “The current price reduction, as all the previous ones, is the result of the achievements reached by our people under the leadership of the Party in developing industrial and agricultural production; it’s the result of the systematic growth of labor productivity and the reduction of produce costs. The Soviet people are directly interested in the growth of their labor productivity, since they know that it reinforces the economic might of the USSR and raises the living standards of the working people.”

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It “worked” for them.............................

[Cold_Red_Steel]

Cuba and, more recently, Venezuela forced producers to sell at a loss. How did that turn out in the long run?

[Seruzawa]

Just when you thought that Rats couldn’t get any more stupid.

[Red6]

Biden must be talking about those greedy property taxes that have skyrocketed as property values have increased throughout the country?

And the greedy CO2 tax which is defacto levied in secret on everything by the EPA.

Or the IRS and the fact that as incomes go up because of inflation, more people find themselves in higher income tax brackets.

Biden must be taking about the increase in taxes on many C corporations.

Maybe he’s talking about the greed by government and the taxes collected when you inherit?

He surely isn’t talking about those actually working for a living and producing wealth which is being taxed by a government that spent over 150 billion in Ukraine on a war that was never even necessary!!!

[hillarys cankles]

Too bad our schools don’t teach out communism and its effects anymore. Our kids have zero idea what price fixing will do to the country.

[PeterPrinciple]

https://www.historyhit.com/why-did-the-soviet-union-suffer-chronic-food-shortages/

In the first half of the 20th century, Joseph Stalin implemented drastic economic reforms that saw farms collectivised, peasants criminalised and deported en masse and grain requisitioned in unsustainable quantities.

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History is what you have lived in your lifetime. All the current generation knows is global warming,racism etc. They are about to have a history lesson.

[Salman]

If blaming the stores for high prices gains enough traction, stores in the ghetto will burn even more. Count on it this summer.

[cpdiii]

Being on the lower end of the food chain being a farmer let me state my opinion on this. Reason for high food prices High land cost High energy oosts High labor coats High equipment costs - Just paid $63,000 for half ton pickup High employee benefit costs And above all high regulatory costs

Good Post Artichokegrower, precise, accurate, true.

[brownsfan]

Joe understands economics enough to run the very successful Biden crime family.

When it comes to real economics, neither Joe, nor his handlers have a clue. They do understand command economies, even though that has never worked.

[metmom]

Joe Biden has suggested supermarkets should defy the laws of supply and demand to lower soaring prices that threaten his chances of re-election.

'There are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,' he said at a speech in South Carolina last week.

Says the biggest crook of all.

[mikelets456]

Seriously? I’m too lazy to look that up.

[SaxxonWoods]

Back to the Future, Soviet Union 1990.

[Bailee]

Seed Cost,

Fertilizer Cost,

Herbicide/Insecticide

Feed Cost,

Slaughter Cost,

It goes on and on.

[circlecity]

Yep. Grocery stores generally operate at a 1-2% profit margin. Bidin wants them to operate at a loss.

[SaxxonWoods]

Nice work.

[Leep]

Other than being liars and stealth bs artists..the mediaites are not that smart beyond their propaganda spewage.....they are surprisingly ignorant about how things actually work.