Fair, I should withhold comment until she releases her plan.
But I don’t see how any price control plan is going to be good for the economy.
Harris 2024 election thread
- Thread starter Pokey
- Start date
But I don’t see how any price control plan is going to be good for the economy.
Inflation was brought on by the spending spree of the last few years and Covid spending (Trump admin too not giving him a pass)...... This admin has lied about actual inflation numbers since day one and while you can get the media to report the number you can only lie to actual folks that are feeling the squeeze so long. Harris knows she was an unpopular vice to a pres that was going to lose. So this is to connect with the common folks talk that will either never happen or be beaten to death by both parties till what may be passed will not do anything it was stated to do. It will help the big boys and crush and little guys after lobbyist get ahold of it and both sides add tons of pork to what the final regs will look like.
This is sound bite campaigning.....it's a smart move. You don't have to really do anything you just have to say cheap groceries enough times people believe it. No new taxes....you can keep your doctor....I'll make Mexico pay for the wall....I will stop price gouging.....then none of it happens.
This is sound bite campaigning.....it's a smart move. You don't have to really do anything you just have to say cheap groceries enough times people believe it. No new taxes....you can keep your doctor....I'll make Mexico pay for the wall....I will stop price gouging.....then none of it happens.
mugatu
Ranger
I know you don't. Based on how we see things I didn't expect you to be happy about it. I think it's a slippery slope but at the same time, I'm very unhappy with record profits during high inflation when people are hurting to pay for basic necessities.
Target, Wal Mart, Walgreens, Ikea, Whole Foods, etc etc have all announced they were reducing their prices on a total of ~ 15K different products they sell in their stores already after Biden called for them to fall in line with inflation or be targeted by his admin for investigation for price gouging
retailers announce price cuts - Bing
Mit der intelligenten Bing-Suche können Sie die gewünschten Informationen schneller und einfacher finden und dabei Punkte sammeln.
My best guess is she will claim credit for these retailer moves announced at the End of May , which will be showing up in charts and graphs really soon to show a downturn in pricing and Kamala will Lay claim that they did this based on her strong stance against Price Gouging and make it a campaign point.
Doubt anything much else will happen. She setting herself up to take credit for a Biden call out against Food Retailers threatening to investigate them, they responded and dropped prices on 1000's of items, and we are about to see that reporting hit....she is trying to take Credit for the Biden move that led to this I think
They are dropping prices based on consumer behavior......people don't have the money to spend. It's not just retailers it's restaurants as well.Target, Wal Mart, Walgreens, Ikea, Whole Foods, etc etc have all announced they were reducing their prices on a total of ~ 15K different products they sell in their stores already after Biden called for them to fall in line with inflation or be targeted by his admin for investigation for price gouging
retailers announce price cuts - Bing
Mit der intelligenten Bing-Suche können Sie die gewünschten Informationen schneller und einfacher finden und dabei Punkte sammeln.www.bing.com
My best guess is she will claim credit for these retailer moves announced at the End of May , which will be showing up in charts and graphs really soon to show a downturn in pricing and Kamala will Lay claim that they did this based on her strong stance against Price Gouging and make it a campaign point.
Doubt anything much else will happen. She setting herself up to take credit for a Biden call out against Food Retailers threatening to investigate them, they responded and dropped prices on 1000's of items, and we are about to see that reporting hit....she is trying to take Credit for the Biden move that led to this I think
Yep. Free-market economy.
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I'd like to see the actual propositions before passing judgment on whether or not it's a good thing.
If it's a straight price control action where the Feds just dictate max prices, I'm totally against it.
If it's truly a state of emergency anti-price gouging provision, I'd likely be for it. Oklahoma has an anti-price gouging statute in place right now.
The cure for high prices is always.......high prices.
Most states have these in times of emergency as well right ?
I would assume so, but aren’t going to say definitely without doing the research and reading the statutes….and I’m not going to do that.
The granddaughter of Rev. Billy Graham has endorsed Kamala Harris and suggested that Christians who support former President Donald Trump are causing people to turn away from Christianity.
www.christianpost.com
Billy Graham's granddaughter joins 'Evangelicals for Harris,' quotes Isaiah to blast Trump supporters
Jerushah Duford, the granddaughter of the late Rev Billy Graham, endorsed Vice President Kamala Harris during an Evangelicals for Harris Zoom call Wednesday and alleged that Christians who support
www.christianpost.com
When Vice Pres. Kamala Harris unveils her economic policy proposals in North Carolina on Friday, it will include a proposal to provide up to $25,000 in down payment support for first-time homeowners, according to a campaign official. https://trib.al/tCkt5cW
Stillwater Townie
Ranger
Better to use the law of demand and supply by making more supplies.
mugatu
Ranger
Probably see a lot more people wanting to buy which will increase demand and that's gonna shoot prices way up again... not a big fan.
This is exactly how it should work. Not government price controls.
mugatu
Ranger
Do you also support Texas electric companies raising rates by 1000% for days when it's well below freezing due to demand? Or gas stations raising gas to $8 or $10 per gallon and charging similar for water in the day before a hurricane?
Market drives prices... but there should also be limits on how much they take advantage of people with little to no choice.
Good points. That's why I'll need to see the specifics of the proposed law and their definition of "gouging" before knowing where I stand on it. If they're only making things like that illegal, then of course that'd probably be okay to a point.
Am I correct in understanding that people are upset a politician is trying to save them money? Perhaps defending corporations and capitalism has gotten out of control?
It's along the same lines as people fighting against adequate healthcare.
Leopards meet face.
It's along the same lines as people fighting against adequate healthcare.
Leopards meet face.
mugatu
Ranger
Yeah. I agree. Talk about driving housing costs up. It will heat up the housing market like crazy and that will trickle into everything else.
Only way I'm remotely on board with this is if it is targeted to only low income families and comes with a lot of restrictions.
The intended side effect will be to drop rental prices that have gone through the roof as well.
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