Biden announces plans to jail grocers to combat his food inflation.

X.com ^ | 3:23 PM · Jul 3, 2024 | Tom Fitton @TomFitton

[E. Pluribus Unum]

Grocery costs are too high for families across the country.

We have a plan to tackle them.

• Partnering with 31 state Attorneys General to take on price gouging
• Successfully calling on grocery chains to lower costs -- urging more to join leaders like Target, Walmart and ALDI in lowering prices
• Providing low-income families of four $2000 more for groceries by improving SNAP and launching summer EBT

[KierkegaardMAN]

Actually he’s saying those stores are the positive examples and that the gougers ought to follow them

[Engedi]

Top 10 Supermarket Retail Chains In The United States
Walmart. Turnover: $421.8 billion (2023)* ...
Costco. Turnover: $173.5 billion (estimated – 2023) ...
Kroger. Turnover: $150.04 billion (2023) ...
Target. Turnover: $107.4 billion (2023) ...
Albertsons. Turnover: $79.24 billion (2023) ...

I understand prices rising during covid but now they are just on a gravy train making us get use to higher prices with less packaging too.

[bgill]

He’d do the country a favor banning EBT from restaurants again. Make recipients study unit pricing like the rest of us do at the grocery store. Does he know anyone from 0-21 can get free breakfast and lunch from the school lunch trucks? Look at youtube to be disgusted at how many make the rounds of food banks so they can use SNAP for the steak and lobster we always hear about.

[neverevergiveup]

Ain’t Communism grand

Death is a much, much, much better option than to ever live under Communism. Communism, and indeed ANY organization of humanity based upon the stupidity uttered and written by that lazy, ugly, moronic, laughably stupid parasite Karl Marx is essentially hell on Earth.

I truly would rather cease living than to ever be governed under any system remotely resembling that envisioned by that waste of carbon. To say he was anything other than a stupid, lazy, and hateful freeloader is an indication of pronounced ignorance, at best.

[Qiviut]

Thanks!

[RetiredTexasVet]

Not the Bee!!!!! The new fascist Bidenomics in action.

[Drago]

Albertson’s is currently at 1.6% margin:
https://finance.yahoo.com/quote/ACI/financials/

Grocers are not responsible for packaging/shrinkflation.

Profit margins for various industry segments:

https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html

“Turnover” is usually gross revenue...a far cry from “net profit” after inventory, wages, benefits, etc, etc..

https://www.investopedia.com/terms/t/turnover.asp

[HamiltonJay]

Grocery Stores have some of the tightest margins of any retail industry, so yea, idiot...

Install a potato and the country gets mashed.

[brianl703]

The way it works in Southwest Virginia is that the SNAP recipient buys cases of soda and then sells them to convenience store owners for half price.

This is based on what I read on a website of someone who lives down there who has a lot of things to say about the messed up culture and local government down there.

[Gene Eric]

>> that lazy, ugly, moronic, laughably stupid parasite Karl Marx

as are his acolytes

[neverevergiveup]

Yes.

[21twelve]

“...and then sells them to convenience store owners for half price.”

My son told me about that during the pandemic.

“You got enough TP?”
“Yes Dad - there’s a gas station down the street that has it.”
“A gas station?”
“Well - the minimart thing. The guy has all sorts of stuff like that. He buys it from the druggies that bought it with food stamps or stole it.”

[Revel]

Its all going to zero when the country goes bankrupt.

[MissNomer]

Notice all the women by the counter lack fur hats.

I see. What is the significance of that, if I may ask?

[PghBaldy]

I just went grocery shopping at a major local store. Great sale prices on shelves, but when I got home noticed the prices weren’t half off {or more} but the regular prices. I would not have bought these items for me at the regular price... Very ticked off.

However, The Biden Junta is going to once again harm the country. Democrats have become Communist as the years have gone by.

[Hillarys Gate Cult]

I saw this headline in the sidebar and immediately laughed and thought, “the Bee does it again.”

Now I see it’s real, it’s not funny now.

[bobcat62]

grocers as modern day Kulaks

[erkelly]

Yeah, the only thing smarter would be lawfare against farmers.

[Ancesthntr]

Amazing that this isn’t from the Babylon Bee.

[steve86]

“Great sale prices on shelves, but when I got home noticed the prices weren’t half off {or more} but the regular prices.”

Sounds exactly like those were loyalty program prices and you didn’t enter or scan a loyalty program membership number