Posted on 08/23/2024 11:41:04 AM PDT by ChicagoConservative27
Friday on CNBC’s “Squawk Box,” host Joe Kernen and Sen. Elizabeth Warren (D-MA) debated Democratic presidential nominee Vice President Kamala Harris’ policy suggestion of implementing price controls during a 20-minute contentious interview.
Warren said, “Look at what happened to their profit margins. If they had just been passing along costs profit margins would have stayed about the same, but for some industries, some companies, profit margins shot up. Do you know where they shot up most often? It was in industries where there was a lot of concentration, a lot of market power, places where the market is not functioning competitively. So you end up with some, you remember all talked about egg prices, you end up with something like a giant egg producer, Cal-Maine. Cal-Maine raises the price of eggs their profit margins increased by 718%. That’s not just passing along costs.”
Kernen asked, “Can I tell you why those are fallacious and misleading at best?”
Warren said, “So look.”
Kernen said, “Why can’t I tell you — please, let me tell you. Kraft you say, 440% profit increase. The example you used, the prior quarter from the year before they had a charge of $1.3 billion, and an accounting change which wiped out of profits.”
Warren said, “You didn’t let me finish. Look at the data. Come on, we have economic study after economic study.”
(Excerpt) Read more at breitbart.com ...
She’s a bully...
Squaw Box
Look at the script umm data.
That BS tactic only works on the retards already voting for dems in the first place.
Too bad for these retards that the overwhelming majority of Americans either don't tune in to these BS “news” shows in the first place, or just don't believe the BS the dems spew on a daily basis.
I get the feeling now that the Ho has accepted the nomination, the actual hammering home of the true source of our economic misery at this time will commence in earnest.
It’s really a key point in Marxist rhetoric — Rule #1 is You never lose an argument. You just don’t. Change the topic. Shout. Declare victory. Whatever it takes. Always. Under all circumstances. You win. They lose. There is no Rule #2.
Translation - You're ruining our election interference.
If a company works on a 20% Gross margin, and prices go up and they continue to work on 20%, their margin dollars go way up with cost increases, which probably irks the leftists to no end.
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If she tanks in the polls, they’ll swap her out too.
Good for you Joe. I saw part of his interview. CNBC. AMAZED NBC keeps him on
Demonrats have so many slappable faces
Where is Will Smith when he’s needed?
If a company works on a 20% Gross margin, and prices go up and they continue to work on 20%, their margin dollars go way up with cost increases, which probably irks the leftists to no end.
Why are egg prices higher?, GREED she thinks, she says....To say nothing of billions of laying chickens being destroyed.
Up 718%? Profits on eggs went from , say 2 % , to 14 %? Doubtful.
With just percentages, we know NOTHING. If you have a profit of $10, and it goes up to $71.80, that’s a 718% profit increase and you are a price gouger!
It also doesn’t account for recovering from earlier losses.
Guess who is off the invite list to any future events?
I believe it’s now too late to swap candidates.
After she accepted the nomination, the candidates are more or less set in stone barring a catastrophe. State election laws aren’t going to be easy to surmount going forward, as it would no longer be a handful of states, but all of them.
Sorry, I think they’re stuck with her come Hell or High Water!
Lack of competition can be caused by a lot of things. During the pandemic, a lot of small businesses were forced to shut down, which gave the big guys a huge advantage.
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