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Kamala Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries
CNBC ^ | 08/15/2024 | Christina Wilkie

Posted on 08/15/2024 7:13:23 AM PDT by SeekAndFind

* Vice President Kamala Harris will propose the first-ever federal ban on “corporate price-gouging” in the food industry, her campaign announced.

* Harris will also pledge that if elected, she will direct the Justice Department to increase scrutiny of potential mergers between grocers and food producers.

* The ban is part of a broader effort by the Democratic presidential nominee to respond to voters’ ongoing frustration with the high cost of meat and groceries.


WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late Wednesday.

“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign said in a statement. “Americans can see that difference in their grocery bills.”

The proposed ban is part of a broader economic policy platform that the Democratic presidential nominee plans to unveil Friday at a campaign rally in battleground North Carolina.

Harris will also pledge that if elected president, she will direct her administration to increase scrutiny of potential mergers between large supermarkets and food producers, “specifically for the risk that the proposed merger would raise grocery prices for consumers,” her campaign said.

This package of regulatory proposals is one of the Harris campaign’s earliest efforts to outline an economic platform that is independent of President Joe Biden’s agenda.

Before Biden abruptly dropped out of the race in July and endorsed Harris, he had spent more than a year campaigning for reelection and blaming corporate greed for consumer prices driven higher by inflation.

Harris’ plan still sits firmly within the overall Biden approach to regulation, however, which has prioritized consumer protections across a range of industries and sued to block several massive corporate mergers.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: centralplanning; commerce; food; harris; kamala; kommiekamala; pricecontrol; pricegauging; pricegouging
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To: SeekAndFind

Engineered famine coming. Prepare accordingly


81 posted on 08/15/2024 8:19:08 AM PDT by DocRock
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To: ridesthemiles
She doesn't need to reconcile her bank statements... as long as she has checks in her checkbook she has enough money. Isn't that how it works? /sarc
82 posted on 08/15/2024 8:22:20 AM PDT by ken in texas
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To: SeekAndFind

Soaring grocery and other prices should be hung around Harris’ neck like the albatross. She is directly responsible for soaring inflation that hurts average American families:

Just the News:

“Vice President Kamala Harris cast the tie-breaking vote in the Senate for the first COVID-19 stimulus package in 2021 which led to inflation, in what critics call a sign of what’s to come in a possible Harris administration.

Her second tie-breaker was for the stimulus package at the beginning of the Biden administration, which has significantly impacted the economy, as inflation has skyrocketed.

Following the passage of the stimulus package, inflation increased significantly.”


83 posted on 08/15/2024 8:23:16 AM PDT by Bon of Babble (You Say You Want a Revolution?)
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To: SeekAndFind

Nixon tried to implement wage and price controls throughout the country. It was ruled unconstitutional by the USSC.


84 posted on 08/15/2024 8:25:38 AM PDT by Gaffer
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To: Brian Griffin

With the new Labour government in the UK, the leftists are going to try to force the owners of “grey belt” land to sell it for “social housing” (i.e. ‘low-rent’ housing) at far less than the market price of ‘housing estate’ development land.

As the UK is supposed to have an independent judiciary, Labour might not get to do that.


85 posted on 08/15/2024 8:29:49 AM PDT by Brian Griffin ("The fundamental problem is that anyone can claim asylum with zero proof" - Elon Musk)
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To: SeekAndFind

This will cause shortages and they know it will. It is deliberate and they’ll blame it Trump because they can.


86 posted on 08/15/2024 8:31:45 AM PDT by virgil (The evil that men do lives after them )
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To: SeekAndFind

How about academic price gouging?


87 posted on 08/15/2024 8:32:14 AM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: SeekAndFind

What about liberal tech companies like Google, Apple, Amazon, etc.? They’re gouging too.

The dems tell us we need internet — free internet is now part of their welfare program. What about phones? They think we need them so are the standing up to them now too?

DEMOCRATS need to apply it to their liberal donors making 50x the margin as grocery stores.


88 posted on 08/15/2024 8:33:57 AM PDT by boycott
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To: fwdude
Telling grocers what they HAVE to charge will kill many of them, especially the small ones.

Maybe that's the plan.

89 posted on 08/15/2024 8:34:14 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: SeekAndFind

kamala couldn’t run a lemonade stand.


90 posted on 08/15/2024 8:34:29 AM PDT by boycott
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To: Gaffer

WIKI

The Office of Price Administration (OPA) was established within the Office for Emergency Management of the United States government by Executive Order 8875 on August 28, 1941.

The OPA had the power to place ceilings on all prices except agricultural commodities, and to ration scarce supplies of other items, including tires, automobiles, shoes, nylon, sugar, gasoline, fuel oil, coffee, meats and processed foods. At the peak, almost 90% of retail food prices were frozen.

Groups such as the National Association of Manufacturers and the National Retail Dry Good Association sought to guarantee companies a minimum amount of profits, thereby effectively limiting the price control measures. However, the OPA still enjoyed widespread popular support and the agency was renewed in 1944 and again in 1945. While these renewals were considerable successes for many consumer advocacy groups, they also marked the height of the OPA, from which the agency’s power and popularity would decline in the next two years.

Groups such as the National Association of Manufacturers and the National Retail Dry Good Association sought to guarantee companies a minimum amount of profits, thereby effectively limiting the price control measures. However, the OPA still enjoyed widespread popular support and the agency was renewed in 1944 and again in 1945. While these renewals were considerable successes for many consumer advocacy groups, they also marked the height of the OPA, from which the agency’s power and popularity would decline in the next two years.

By June 1946, significant opposition by NAM and NRDA had been mounted to sway Congress, which, only two days before the existing legislation was set to expire, passed a bill that would have left the OPA a much-weakened version of its past self. President Harry S. Truman vetoed this bill in hopes of forcing Congress to create a stronger one, but as the month of June came to an end, the OPA shut down, and its price and rent controls went with it. The result was a sharp jump in prices, with food increasing by 14 percent and the cost of overall living rising by 6 percent, an equivalent to more than 100 percent per year. Consumers all over the nation turned out in varying numbers to protest these increases, with labor unions forming a major part of the participants.

By the end of July, Congress had reversed course and passed legislation reinstating the OPA and price controls, though this bill was no stronger than what President Truman had vetoed earlier. This much-weakened version of the OPA did not last long, as meat packers launched their own form of protest against the agency, slowing slaughtering rates and withholding meat from market. The resulting widespread shortages did much to damage the public faith in the OPA, which was now seen as ineffective, and the Democrat-led Congress. When faced with the choices of higher prices or no meat, the consumers chose the latter. Although President Truman ended price controls on meat, on October 14, just two weeks before the election, in a rejection of price controls and as a sign of the changing attitude of the American public towards a control-free re-conversion, many Democratic incumbents were defeated, and Republicans gained control of Congress. Following this defeat, Truman lifted almost all price and wage controls and, while the OPA was authorized to exist through June 30, 1947, its range of tasks and ability to effectively regulate prices was curtailed severely, being reduced to rent control and some price control over a very limited number of goods.

By the end of December 1946, many of OPA’s local offices and price boards were closed, and the OPA did not survive until its authorized June 30 extension.

Famous employees include economist John Kenneth Galbraith, legal scholar William Prosser, President Richard Nixon...

https://en.wikipedia.org/wiki/Office_of_Price_Administration


91 posted on 08/15/2024 8:39:10 AM PDT by Brian Griffin ("The fundamental problem is that anyone can claim asylum with zero proof" - Elon Musk)
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To: devere

Maybe the Venezuela gangsters imported by Chomo Joe will go back home.


92 posted on 08/15/2024 8:40:53 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: SeekAndFind

Willi Brawn gave kaemela her first tip ...she taxed him.
It was an in come tax.


93 posted on 08/15/2024 8:41:51 AM PDT by bunkerhill7 (Don't shoot until you see the whites of their lies)
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To: boycott

Here’s a thought, how about having Joe sign a few Executive Orders to put her plans in place TODAY?


94 posted on 08/15/2024 8:41:51 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!s)
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To: SeekAndFind
She needs help.
Put your arms down by each side.
Now bring your hands behind your back.
Once both hands are there reach down below your waste with them and...
95 posted on 08/15/2024 8:42:07 AM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
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To: Brian Griffin

I’m very well aware of these price control mechanisms and their deleterious effects. I named the two I did because of how spectacularly they failed. I could have listed Nixon’s famous ‘price freeze’ or the more recent experiments in Venezuela... the basic rule holds, ‘price controls cause scarcity.’


96 posted on 08/15/2024 8:42:58 AM PDT by shadowlands1960 (We live in a world of intolerance masked as tolerance. RUSH LIMBAUGH)
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To: SeekAndFind

Government Price Controls...let’s see...where have I seen that before? But I’m sure they took a lesson from Venezuela and they know how to do it better.../s


97 posted on 08/15/2024 8:46:49 AM PDT by USAF1985 (Joe McCarthy is a hero...he was absolutely, 100% correct! (Let’s go Brandon!))
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To: devere

Viva la revolución!


98 posted on 08/15/2024 8:57:21 AM PDT by SpaceBar
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To: T.B. Yoits

Yes! Taxes are price-gouging when the decreasing VALUE of government-provided services is considered.

And INFLATION is yet ANOTHER government fraud.

When bonds with a “current” market value of $10 million are repaid using bonds with a “future” market value of $8 million, a $2 million invisible “profit” accrues to the government.


99 posted on 08/15/2024 9:07:47 AM PDT by pfony1 ( All Democrats lie. )
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To: SeekAndFind

Venezuela was the lab rat.

The problems with neo-Stalinists or neo-Maoists in the US are 1) they have never lived in a communist system, and 2) they see what has been spread chaotically and believe in one thing:

They can do it better and succeed. Harris came out with a Universal Benefit System also.

They don’t see failure or the damage to countries or anything that would interrupt or dissuade their beliefs.

Walz has a superficial understanding of China’s system. He is a Caucasian being shown what the Han Chinese elites want him to see and believe.

The DNC apparatchiks need to be stopped now. Or else this country is finished. Besides, there is nowhere to move to these days.


100 posted on 08/15/2024 9:10:06 AM PDT by OpusatFR
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