Posted on 02/15/2024 9:03:36 AM PST by Eccl 10:2
Lael Brainard: 'People are fed up with high prices,' especially for 'things that they buy on a weekly basis, groceries in particular'
A top Biden economic adviser on Thursday pressed on with the administration's recent effort to go after grocery stores and food companies over elevated prices, as inflation remains a major worry for voters as November's presidential election nears.
"Grocery prices, they are important to people because they pay those prices every week," said Lael Brainard, director of President Joe Biden's National Economic Council, during a news conference at a National Association for Business Economics event in Washington, D.C.
"We've seen in consumer brands, that in a lot of cases, they are effectively raising unit prices, but masking it by shrinking packaging, and it's important to call that out and to use the tools we have to go after that. And, you know, I think for the grocery stores and chains that raised their margins during the height of the pandemic, it's time to bring those down."
(Excerpt) Read more at morningstar.com ...
President Biden raised the costs of many processes, by killing the Keystone XL Pipeline - limiting the supply.
But also, limiting plans for many developments and enterprises, and so, also, funding for tens of thousands of livelihoods.
The price of fertilizer manufactured from natural gas, jumped. By January 2022, a southern Illinois farm that I know of, had to arrange for almost 4 times the money to pay for fertilizer.
Thousands of skilled workers, found their plans dissolved.
Along with the fad, or crime fetish, of Democrat Party city management, that is NOT SUSTAINABLE.
Along with Democrat Party affiliates, trafficking millions of illegal aliens, as The Party soldiers (AFL-CIO) also guide the invasion of our country, for which, The Party spends many billions of dollars - borrowed.
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Somehow, grocery store margin reductions are going to cut the cost of living . . . thru all the decadence, debauchery, depravity, and destruction that is the domestic policy of The Democrat Party.
The tone deaf liberals, ignoring:
Grocery stores exist at an socio-economic border within our country, where actual American citizens exist as refugees who The Party displaced from what was, the middle class.
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The price of fertilizer manufactured from natural gas, jumped. By January 2022, a southern Illinois farm that I know of, had to arrange for almost 4 times the money to pay for fertilizer.
Tell me about it. As a farmer here in central Kansas my input costs for fertilizer have skyrocketed since Biden took office. A bushel of wheat, right now at my local COOP, is down 12 cents and is selling for $5.50 a bushel. I’ve got to have $5.25 just to break even. Needless to say, I won’t be upgrading any equipment in the near future. Just hope I don’t have a part that wears out because if I do I could well not make any profit at all this year. Oh well, the American farmer is the eternal optimist: “Next year will be better.”
How many whips and handcuffs do you suppose she owns?
You are correct. I was WAY off. I looked at the wrong line on the report.
November 23, it was 1.69%.
You are correct. I was wrong. In November it was 1.69%.
To be fair, the higher tax will only be on ‘real’ food items. The Frankenfood items will need to subsidized somehow. Best way to convince others to eat cricket is price out the real food.
bttt
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