If "price gouging" is happening, why didn't Biden & Harris stop it? (Poll)

[Moonglow]

Quantitative tightening is the current phase of the Fed's activity and has been for three years.

 

[Care4all]

Is price gouging by greedy corporations happening or not?

If so, why didn't Biden and Harris stop it, there are laws on the books already. Show us examples.

If not, then why are they lying?

That's an easy one. Biden and Harris are lying about price gouging. Its their stupid policies that are causing runaway inflation.

https://www.cnn.com/2024/08/16/business/harris-price-gouging-ban-inflation/index.html

Harris’ plan to stop price gouging could create more problems than it solves​

Jason Furman, a top economist in the Obama administration, shared Roberts’ view that anti-price gouging laws could inadvertently harm consumers. “This is not sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” he told the New York Times. “There’s no upside here, and there is some downside.”

FACT SHEET: President Biden Is Taking Action to Lower Costs for Families and Fight Corporate Rip-Offs | The White House

President Biden is fighting to lower costs for American consumers—and he is taking action to address corporate price gouging. Congressional Republicans

www.whitehouse.gov

 

[jknowgood]

Inflation didn't just start a year ago.

That's when I really started to really notice it.

 

[marvin martian]

Is price gouging by greedy corporations happening or not?

If so, why didn't Biden and Harris stop it, there are laws on the books already. Show us examples.

If not, then why are they lying?

That's an easy one. Biden and Harris are lying about price gouging. Its their stupid policies that are causing runaway inflation.

https://www.cnn.com/2024/08/16/business/harris-price-gouging-ban-inflation/index.html

Harris’ plan to stop price gouging could create more problems than it solves​

Jason Furman, a top economist in the Obama administration, shared Roberts’ view that anti-price gouging laws could inadvertently harm consumers. “This is not sensible policy, and I think the biggest hope is that it ends up being a lot of rhetoric and no reality,” he told the New York Times. “There’s no upside here, and there is some downside.”

Why would they stop something they created and wanted?

 

[airplanemechanic]

Why didn't Trumpy stop it?

Tell me what specific policies is causing runaway inflation.

With 1.2% inflation, it's hard to make a case for price gouging. I mean, to quote Kumalot, price gauging.

 

[struth]

Why didn't Trumpy stop it?

Tell me what specific policies is causing runaway inflation.

um, Trump didn't say it was happening....because we had low inflation when Trump was in office.

what a weird and stupid question

 

[DBA]

Inflation has many causes and those who say it’s just because of Biden are low information partisan hacks.

As are those that don't acknowledge that his bad policies played a role and also those that claim that Biden was dealt a bad hand because of Trump's policies, not COVID.

 

[kyzr]

Where did you get your data because that’s WAY off.

Food Processing Profit Margins​

According to CSIMarket, the gross profit margin for the food processing industry was 31.99% in early 2024. That was above the total market average of 25.18%. Furthermore, the EBITDA margin for food processing was 20.49%, which was above the total market figure of 3.09%. Finally, the net profit margin in the food processing industry was 12.1%, far higher than its 2019 figure of 5.16%. It was once safe to say that profit margins in the food processing industry are generally lower than average.

Food processing is only one part of the cost of groceries,

What is the Profit Margin for Grocery Stores? | The Grocery Store Guy

What is the profit margin for grocery stores? Conventional grocers have a profit margin of about 2.2%, but, natural, organic, and gourmet stores often . . .

thegrocerystoreguy.com

Conventional grocery stores have a profit margin of about 2.2%, making them one of the least profitable industries in the US.

 

[kyzr]

Biden taking action to lower cost of groceries...

Junk fees? How about deporting 15,000,000 to lower demand for groceries?