Posted on 08/16/2024 12:54:45 PM PDT by ChicagoConservative27
On Friday’s broadcast of MSNBC’s “Chris Jansing Reports,” Harris-Walz Campaign Senior Economic Adviser Gene Sperling responded to a question on how 2024 Democratic presidential candidate Vice President Kamala Harris plans to define “price gouging” by stating that “we’re not trying to do every detail.”
Host Katy Tur asked, “I want to go back to price gouging at the grocery store. Can you tell me how VP Harris will define price gouging?”
Sperling responded, “Well, we’re not trying to do every detail. But let’s note a couple of things: The Census showed that, and our Council of Economic Advisers showed that, in February, you were still seeing profit margins at the highest level in 20 years. The New York Fed showed that, even when costs were pretty stable, that retail margins were going up 50%. Look, she’s a sophisticated person about markets. She knows people use pricing power. She knows prices go up and down. What she did when she was attorney general of California, she wasn’t out there trying to set prices for people. She was going after bad behavior, whether it was Corinthian, a for-profit college, whether it was pharmaceuticals, whether it was the big banks, where she got the $20 billion settlement. So, she’s going to be looking for bad behavior, and I think, look, we went through the pandemic. You saw millions of American frontline workers put their lives on the line. There’s just not a lot of toleration for people deciding that, when their costs and supply chain issues are coming down, that they’re going to jack up their profit margins, as opposed to pass on those savings to working families.”
(Excerpt) Read more at breitbart.com ...
Such a dumb move.
inversely related to donations to dems
The sheep don’t care about details you dolt! Slogans and propaganda that’s what they demand!!!
-PJ
The price gouging cost of the Biden Administration is breaking our backs. The expense of government benevolence from handouts to illegals, green energy corporations and worthless and woke college “borrowers”, has never been this high!
Ok so we aren’t going to define price gouging.
Then let’s talk about profit margins. A report today shows supermarket profit margins average of 1.6%. Does Kamala think that’s excessive? Perhaps that too is a detail which Kamala and her henchmen can’t be bothered to deal with.
AVERAGE Grocery chain profits==around 1.5% or less.
I would imagine ALOT less since so many shoplifters are gaining ground.
Bad behavior? What the commies deem bad behavior. Nothing illegal. Nothing banned. Just the businesses they want to pick or choose which will probably be the ones that don’t play ball or try to legally fight.
“...she’s a sophisticated person about markets.”
The only market she’s knowledgeable about is the market price of a BJ. She knows exactly what each hum on Willie’s Willy is worth. Ten Hums = San Fran DA. 100 Hums = State AG.
How dare you point out that naked old man striding across broken backs. /sarcasm...just in case
The first year,2025 will be great..People will load up..Second year, holes starting to appear and by the third year entire shelves will be empty..if the videos on Venezuelas grocery lines are still on YouTube,get a load of our future under Harris-walz.....Of course, look at Maduro...He has a gut so “”someone”” is eating well.....
First, where is the NY Fed getting the data? If it's NYC, it's already skewed. Second, the average profit margin in the US for grocery stores is 1%-3%. Even with a 50% increase, is 4.5% "gouging"? No, gouging will be determined by the gov't and is simply another arrow in their punishment quiver for those who might disagree.
Finally, can someone show me one example where wage and price controls worked without generating shortages?
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https://robertfirth.substack.com/p/a-frank-conversation-with-tampon
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A FRANK CONVERSATION WITH TAMPON TIM—THE SOCIALIST
What they mean is arbitrary process and political prosecutions. Make it up as they go along and nobody is responsible.
James Carville is managing this campaign. These were suggestions straight from a show with Kristol
Firth comes with some mirth.
You have to elect her to find out what is in the plan.
“We” ( Kamabla) can ‘t even pronounce it much less define it
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