Kamala Harris says she’s going to lower prices.

[LeftofLeft]

How is she going to do this? Seems her top priority is to go after corporations for “gauging”. What a crock of shit. If regulations on corporations were lowered and energy policies relaxed, and prices were still high, THEN you could explore going after corporations for gauging.

The reality is that Kamala Harris is even more Left than Joe Biden and will not back off heavy regulations and restrictive domestic energy policies - which, if anyone knows anything about economics, heavy regulation from the government results in high prices.

https://www.politico.com/newsletters/weekly-agriculture/2024/08/05/whats-harris-plan-to-fight-high-food-prices-00172585

 

[Mac1958]

She can't force prices down. The inflation was/is inevitable, and its roots began over a decade ago.

Neither party is being honest with America over what caused inflation, because both played a role in it.

 

[LeftofLeft]

She can't force prices down. The inflation was/is inevitable, and its roots began over a decade ago.

Neither party is being honest with America over what caused inflation, because both played a role in it.

I don’t argue that there is global inflation component that is not under the control of a US President Administration. I am arguing that a heavy regulatory hand can exacerbate the impact of global inflation as well as result in higher prices when global inflation is not taking place.

 

[Michael1985]

How is she going to do this? Seems her top priority is to go after corporations for “gauging”. What a crock of shit. If regulations on corporations were lowered and energy policies relaxed, and prices were still high, THEN you could explore going after corporations for gauging.

The reality is that Kamala Harris is even more Left than Joe Biden and will not back off heavy regulations and restrictive domestic energy policies - which, if anyone knows anything about economics, heavy regulation from the government results in high prices.

https://www.politico.com/newsletters/weekly-agriculture/2024/08/05/whats-harris-plan-to-fight-high-food-prices-00172585

Every candidate and party will promise to do this, but because there are so many different factors influencing the price of goods, there's only so much politicos can do.

 

[Mac1958]

I don’t argue that there is global inflation component that is not under the control of a US President Administration. I am arguing that a heavy regulatory hand can exacerbate the impact of global inflation as well as result in higher prices when global inflation is not taking place.

It can, but not necessarily. Regulation has happened in the past and it didn't drive inflation. Oil prices have spiked in the past and it didn't cause inflation. Both occured at the same time and it didn't cause inflation.

This happened because we had poured over $11 TRILLION of stimulus into markets over the preceeding 12 years and weakened global supply chains completely collapsed coming out of the lockdowns.

The root of the $11 trillion -- the aggressive deregulation of financial markets, particularly the derivatives that caused the 2008 Meltdown -- goes back to long before that, when Clinton signed the repeal of Glass-Steagall.

This is a long and complicated story. Global inflation exploded just two months after Biden took office. There is absolutely no way in hell the global economy can turn on a dime like that, and it didn't.

 

[LeftofLeft]

Every candidate and party will promise to do this, but because there are so many different factors influencing the price of goods, there's only so much politicos can do.

Heavy Regulation or Low Regulation are things that Administrations can control - namely, which path they take and the impact on companies’ prices.

 

[August West]

My senator calls it Greedflation. While inflation rose at 14%, corporate profits are up 74%.

Greedflation | U.S. Senator for Pennsylvania

The official U.S. Senate website of Robert P. Casey of Pennsylvania

www.casey.senate.gov

 

[LeftofLeft]

It can, but not necessarily. Regulation has happened in the past and it didn't drive inflation. Oil prices have spiked in the past and it didn't cause inflation. Both occured at the same time and it didn't cause inflation.

This happened because we had poured over $11 TRILLION of stimulus into markets over the preceeding 12 years and weakened global supply chains collapsed coming out of the lockdowns.

The root of the $11 trillion -- the aggressive deregulation of financial markets, particularly the derivatives that caused the 2008 Meltdown -- goes back to long before that, when Clinton signed the repeal of Glass-Steagall.

This is a long and complicated story. Global inflation exploded just two months after Biden took office. There is absolutely no way in hell the global economy can turn on a dime like that, and it didn't.

This administration doubled down on regulation when they took office. How did that NOT impact inflation?

 

[Mac1958]

This administration doubled down on regulation when they took office. How did that NOT impact inflation?

Quantify "doubled down on regulation".

Lay that out for me, given the global macroeconomy, over just three months.

 

[LeftofLeft]

My senator calls it Greedflation. While inflation rose at 14%, corporate profits are up 74%.

Greedflation | U.S. Senator for Pennsylvania

The official U.S. Senate website of Robert P. Casey of Pennsylvania

www.casey.senate.gov

Greed as you call it, is an outcome of heavy regulation, not the cause.

 

[ActionJackson]

How is she going to do this? Seems her top priority is to go after corporations for “gauging”. What a crock of shit. If regulations on corporations were lowered and energy policies relaxed, and prices were still high, THEN you could explore going after corporations for gauging.

The reality is that Kamala Harris is even more Left than Joe Biden and will not back off heavy regulations and restrictive domestic energy policies - which, if anyone knows anything about economics, heavy regulation from the government results in high prices.

https://www.politico.com/newsletters/weekly-agriculture/2024/08/05/whats-harris-plan-to-fight-high-food-prices-00172585

She's going to order a label maker from Amazon and put new price tags on all the stores across the country. Really! Truly! This is Kamala. You can trust everything she says. It's not like she's a Kama Kama Kama Chameleon or anything like that.

 

[ActionJackson]

She can't force prices down. The inflation was/is inevitable, and its roots began over a decade ago.

Neither party is being honest with America over what caused inflation, because both played a role in it.

As long as both parties continue creating new debt then printing fiat money to “pay” down those debts, then the value of the dollar will continue to drop and have reduced buying power. That's inflation in a nutshell, and almost every politician in D.C. is guilty of this irresponsible use of America's purse.

 

[wamose]

Kamala can't do anything except maybe dance. She's not smart, honest, mentally stable or patriotic enough to do what's good for America. She's definitely in way over her head but that's what Democrats do. They nominate puppets that are controlled by the shadow government. They did it with Biden, they even thought Avanati would be a great President before he was locked up. So of course, dumb Harris would make a good puppet. She got her start as Bobby Brown's puppet, so she already knows what to do. MAGA

 

[KissMy]

It can, but not necessarily. Regulation has happened in the past and it didn't drive inflation. Oil prices have spiked in the past and it didn't cause inflation. Both occured at the same time and it didn't cause inflation.

This happened because we had poured over $11 TRILLION of stimulus into markets over the preceeding 12 years and weakened global supply chains completely collapsed coming out of the lockdowns.

The root of the $11 trillion -- the aggressive deregulation of financial markets, particularly the derivatives that caused the 2008 Meltdown -- goes back to long before that, when Clinton signed the repeal of Glass-Steagall.

This is a long and complicated story. Global inflation exploded just two months after Biden took office. There is absolutely no way in hell the global economy can turn on a dime like that, and it didn't.

Global supply chains will heal when Putin ends his war on Ukraine. That may happen sooner now that we are finally allowing Ukraine to attack inside Russia.

The root cause of the 2008 Meltdown, was Bush's 2003 "American Dream Act" that government backed "No Money Down Mortgages"! The borrower no longer need to prove the responsibility or discipline of saving for a down payment or had any skin in the game. Banks made a killing pushing these government guaranteed loans which created the massive housing bubble.

Inflation is caused by creating more money through debt or money printing. Trump did both 5 times worse than anyone else while crashing supply. That has triggered inflation, high interest rates that will destroy the USA unless we continue to unwind it all as Biden has been doing.

Inflation is now much worse in all the other countries including Russia who is now well over 9.1% & climbing. Bank of Russia hiked rates to 18% on July 26, 2024.

Also under Biden US Oil production has been creating NEW RECORD high production rates. For over a year Biden has been re-filling the SPR (US Strategic Petroleum Reserve). Trump always drained oil from the SPR & NEVER added any back into the SPR. Obama / Biden are the ones who built the massive SPR to ALL TIME RECORD LEVEL.

 

[CrusaderFrank]

She can't force prices down. The inflation was/is inevitable, and its roots began over a decade ago.

Neither party is being honest with America over what caused inflation, because both played a role in it.

Government spending causes inflation

It’s unfortunate that Trump is not talking about canceling Harris/Bidens spending bills

 

[KissMy]

Trump wanted even way more government spending during covid.

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Over the past 40 years 100% of Republicans signed Grover Norquist pledge to drown government in debt!

Zero Republicans signed a pledge to cut spending.

Nixon took the dollar off the gold standard so Republicans could borrow, print & spend more to drown our country in inflationary debt.

Democrats actually cut deficits & inflation.

 

[Mac1958]

Government spending causes inflation

It’s unfortunate that Trump is not talking about canceling Harris/Bidens spending bills

Trump?

TRUMP???

 

[CrusaderFrank]

Trump wanted even way more government spending during covid.

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Over the past 40 years 100% of Republicans signed Grover Norquist pledge to drown government in debt!

Zero Republicans signed a pledge to cut spending.

Nixon took the dollar off the gold standard so Republicans could borrow, print & spend more to drown our country in inflationary debt.

Democrats actually cut deficits & inflation.

Yup

Trump is a disaster on this issue

He needs to talk to Milei

 

[struth]

Kamel has been riding shotgun for over three and half years and hasn’t. What makes you think she is going to while president?

 

[scruffy]

Trump wanted even way more government spending during covid.

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Over the past 40 years 100% of Republicans signed Grover Norquist pledge to drown government in debt!

Zero Republicans signed a pledge to cut spending.

Nixon took the dollar off the gold standard so Republicans could borrow, print & spend more to drown our country in inflationary debt.

Democrats actually cut deficits & inflation.

You are a lying leftard. YOU LIE.

And you don't know a fucking thing about history.

Nixon took America off the golf standard because of France.

Your attempts to lie and rewrite history are pathetic.

And your bullshit isn't selling. Not even for a NY microsecond.