Harris Gets Destroyed Over Price Controls BY.......

[SweetSue92]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

 

[SweetSue92]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

Holy goodness, even MSNBC brought this up and the blubbering Dem on the line had nothing to say.

 

[SweetSue92]

This is what Price Controls get you, brainiacs

 

[jbrownson0831]

Holy goodness, even MSNBC brought this up and the blubbering Dem on the line had nothing to say.

She opened her well-used piehole.....bad idea.

 

[jotathought]

Oh, price controls from the government. Brilliant strategy, but it often leads to unintended consequences such as rationing, reduced innovation, quality decline, and market distortions, which often result in too much supply and not enough demand.

Go for it kamala .. your low-information base won't understand the outcomes, and will only see a lower price tag.

 

[SweetSue92]

She opened her well-used piehole.....bad idea.

Opened it and out came communism

 

[BULLDOG]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

When the companies are making record profits by gouging the public, they can afford a little regulation.

 

[SweetSue92]

When the companies are making record profits by gouging the public, they can afford a little regulation.

Basic economics even my fourth graders understand:

When you tell companies they can't make even the razor margins they make....

They just stop making it. So, bread lines.

But don't believe me, the WaPo destroyed this too.

 

[jbrownson0831]

Opened it and out came communism

I hear the fake dimtard polls dropping......

 

[Rawley]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

I hope she proposes price controls.

 

[SweetSue92]

I hear the fake dimtard polls dropping......

People say the economy is the #1 issue and they think Trump will be much better....

But yeah, the polls say landslide for Harris. Sure.

 

[Rawley]

When the companies are making record profits by gouging the public, they can afford a little regulation.

Price gouging is illegal, sport.

 

[Godboy]

When the companies are making record profits by gouging the public, they can afford a little regulation.

Democrats SUCK at economics.

 

[rightwinger]

Basic economics even my fourth graders understand:

When you tell companies they can't make even the razor margins they make....

They just stop making it. So, bread lines.

But don't believe me, the WaPo destroyed this too.

But are they making “razor margins”?
Executive pay is through the roof, profits are through the roof

 

[JoeB131]

Islamophobic twat likes it when big corporations gouge her.

 

[debbiedowner]

Price gouging is illegal, sport.

Not all the time, sport.

Price gouging is generally illegal during a declared state of emergency or disaster, but not always. Price gouging is defined as raising prices to maximize profit at the expense of the public. Most laws apply to essential items, such as food, water, and housing, and only during a state of emergency. However, some laws also consider whether the seller had a good reason to raise prices during the emergency. For example, retailers can raise prices as supply and demand change, but this might be considered price gouging by some.

Price Gouging State Statutes

Summarizes state statutes regarding price gouging.

www.ncsl.org

 

[debbiedowner]

Islamophobic twat likes it when big corporations gouge her.

Gouge or Pork her?

 

[Foxfyre]

The Washington Post. Yes, you read that right: the WaPo. The title of the column titled "When your opponent calls you a 'communist' maybe don't propose price controls?" by Catherine Rampell.

And she doesn't mince words:

It’s hard to exaggerate how bad this policy is. It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food. Supply and demand would no longer determine prices or profit levels. Far-off Washington bureaucrats would. The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.) At worst, it might accidentally raise prices.

That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

Honeymoon is OVER.

Don't get too excited. Don't underestimate the Democrat MSM's ability to sugar coat the worst they can dish out. But for sure the WSJ has it right.

Nixon's price controls in 1971 turned out to have disastrous consequences for the economy creating shortages and raising the misery index for Americans but those consequences were delayed long enough that he was overwhelmingly re-elected in 1972. It was perhaps the worst policy decision of his career.

When Ford took over when Nixon resigned in 1974, he didn't dump the controls. His austerity programs and modest tax cuts helped delay the total effect somewhat but we were beginning to see some of the negative effects. And his pardon of Nixon was so repugnant to most Americans, he left office in 1977 as the only President to have never been elected either Vice President or President.

And by the time Carter came along and retained and somewhat exacerbated those price controls, we not only saw inflation not controlled but it had spiraled into double digits. The infamous long gas lines for everybody cost Carter his re-election in 1980.

Reagan removed the price controls while utilizing targeted tax cuts to spur increased production, but it was some time before inflation cooled and prices returned to normal. But the economy had so improved by 1984, he won 49 of the 50 states and almost got Mondale's Minnesota too.

 

[1srelluc]

I bet FKH has a "five year plan" too.

 

[JoeB131]

Gouge or Pork her?

She'd be happy with either, I think.