Elizabeth Warren Takes on Big Dorito, Big Oreo, and Big Toilet Paper to Deflect Blame From Biden’s Economy
“Shrinkflation is just another way for giant corporations to pad their profits and leave us with the crumbs.”
The Biden economy will play a major role in the 2024 election. Since the Democrats cannot admit that Biden is to blame in any way, they are training their criticism on corporate greed. Shrinkflation is a very real thing, but it’s a market reaction to current conditions, not a strategy by scheming corporations.
Enter Elizabeth Warren, who is actually fundraising off this concept.
She recently sent out a campaign email that gives the game away:
Doritos, Oreos, and toilet paper
Have you ever finished a bag of Doritos and thought, “Whoa — there should have been a lot more chips in here”?
You were right.
From Doritos to Oreos to toilet paper and beyond, big corporations have been cutting down on how much they put in a bag, in a box, or on a roll — without cutting their prices. In fact, they sometimes charge MORE. For less.
It’s called “shrinkflation.” Corporate executives thought we wouldn’t notice, but they were wrong. We caught on. And we’re not buying their excuse that it’s all about inflation. Why? Because corporate profits have increased by a whopping 75% over the past few years, outrunning inflation by miles.
Shrinkflation is just another way for giant corporations to pad their profits and leave us with the crumbs. Literally. It’s greed, pure and simple. We need to call it out — and we need to push back against corporate abuses of power.
In Washington, I’m working to combat price gouging, break up big monopolies that stifle competition and lead to higher prices, eliminate junk fees that can suck hundreds of dollars a month out of people’s pockets, and make our economy work for working people — not just CEOs who spend their days scheming about how to make more money by doing less.
She also published a video on Twitter/X to go with this message:
From Doritos to Oreos to toilet paper, giant corporations are shrinking how much they give but charging the same price or more. We're not fooled.
Corporations are boosting their profits with these tricks.
It's time to crack down on shrinkflation and corporate greed. pic.twitter.com/AefmKWAvZu— Elizabeth Warren (@SenWarren) February 4, 2024
Fewer Doritos in your bag.
Fewer Oreos in your box.
Less toilet paper on your roll.You aren’t imagining it—big corporations really are making you pay the same amount (sometimes more) for less. It’s called “shrinkflation,” and we’ve got to crack down on it.
— Elizabeth Warren (@ewarren) February 6, 2024
Warren is simply following Biden’s lead on this.
FOX News reported:
Biden takes aim at grocery stores for ‘ripping people off’ amid continued high prices: ‘Played for suckers’
President Joe Biden took aim at grocery stores, blaming them for “ripping people off” with high pricing amid the continued inflation blame game.
President Biden’s remarks came during a speech at the South Carolina’s First in the Nation Dinner in Columbia, South Carolina.
“Inflation is coming down. It’s now lower in America than any other major economy in the world,” Biden said. “The cost of eggs, milk, chicken, gas, and so many other essential items have come down.”
“But for all we’ve done to bring prices down, there are still too many corporations in America ripping people off: price gouging, junk fees, greedflation, shrinkflation,” the president continued…
“Well, it’s going to stop. Americans, we’re tired of being played for suckers,” Biden said to resounding applause. “And that’s why we’re going to keep these guys — keep on them and get the prices down.”
All of this is nothing more than an effort to protect Biden from valid criticism by scapegoating businesses that are simply reacting to the economic environment created by the Biden administration.
Featured image via Twitter video.
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Comments
Fauxcahontas — just another grandstanding, narcissistic, dim-witted and utterly useless Dhimmi-crat apparatchik and demagogue; totally incapable of conceding the predictably deleterious and impoverishing consequences of the vile Dhimmi-crats’ fiscal illiteracy and ineptitude.
She does not even get the facts straight. They have done nothing “to bring prices down”, such as going full throttle on oil & gas production or running a budget surplus (instead of a $2T deficit). The rate of increase has just slowed down some, partly helped by their massive illegal immigration, which tends to undercut wage growth for lower income people.
You left out “blowhard”.
She’s a complete CRACKPOT. Another (one of many) Massachusetts embarrassments.
No content with destroying MA based iRobot by brow beating the regulatory regime to reject its acquisition by Amazon thereby causing the company, did I mention its based in the state she represents, to lay off 31% of its workforce, she now grandstands on additional economic topics of which she know absolutely nothing.
Have you ever voted for a politician and thought, “Whoa — there should have been a lot more competence in here”?
That’s better.
Wish she would take on the REAL “BIG” entity causing all the problems, Big Government.
And the “Big Guy”, or more properly the “Big Puppet”.
If you eat less junk food, you will need less toilet paper, so it all works out in the end.
Literally and figuratively.
I’m frankly more concerned with the genetically modified “corn” used in Doritos and other garbage than I am with the fact that there’s less of this whatever it is in a bag.
Pure logic, genius!
I genuinely hate this woman.
Either she has zero knowledge of how the world, and inflation’s part in it, works, or she is being willfully ignorant.
The fact that such a person has been given a role in our government is beyond pathetic.
Parsimony demagoguery flies really well with Yankee Democrats, to whom everything is always the fault of some nefarious “Them.”
She couldn’t pick on cereals though, not without stepping on Chucky Schumer’s material (he holds the copyright).
“Parsimony demagoguery”
Nice. Imma use that.
Not “ignorant.” LYING.
I can’t argue with that!
I detest liars, and she has told quite a few in her time.
None of the above; she talks like a Ph D.
Whatever they go after has to be fundable, then socially acceptable, then defendable. Nothing in there about being true, doable or useful.
More like an Ed.D.
Zero knowledge or willfully ignorant?
For somebody who faked their ancestry for years, and is a Dim in good standing, the prime explanation is blatant lying. It is unlikely that she, as an academic, cannot distinguish “inflation” from “rate of change of inflation”. Conflating those is the Dim party line, but there is no reason to think they have all swallowed it whole.
Shrinkflation is happening because that pedophile in the white house has terrible policies and has caused massive inflation. They don’t want to raise the sticker price so they reduce the amount in the package.
They don’t want to raise the sticker price
And that is a thing called “marketing.” Founded on the principle that people have to keep buying your product for you to keep making money.
Recall Chief Dropping Bull’s creepy, utterly contrived Twitter video a couple of years back, in which this transparently phony, miserable and hectoring crone/harridan/termagant/shrew/nag/scold tried to imitate Occasional-Cortex’s vapid kitchen videos and engage in contrived working-class banter, telling her husband “I’m gonna grab me a beer.”
Fauxcahontas was rightfully mocked for the video, because it emphasized how transparently phony, contrived and fake her entire political persona is.
“Cringe — The Beer That Made Cambridge Famous!”
The only thing that would’ve made the incident more cringe-inducing and nauseating was if Liawatha had been drinking Bud Light. But, this was before the ridiculous Transheuser-Busch fiasco of hiring a misogynist, malignantly narcissistic, homosexual tranny as its Bud Light endorser.
The average cost of consumer goods and gasoline is up more than 20% since crime boss, Biden, was installed in the White House geriatric ward, but, he and his chaperones are loudly touting an utterly insignificant and trivial reduction in the Bidenflation rate, over the past several months.
Amazing that so many gullible Dhimmi-crats still fall for this dishonest schtick.
When you ruminate on how racist math and logic are, not so amazing.
Gee, if you didn’t have to pay $20/hr for someone to work in the factory line taping boxes…
What do you think Indian witchdr.
From that “You didn’t build that” speech that went around back on September 21, 2011 by Liz Warren …
“You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.”
Sure seems like that social contract that she spoke of has undergone more than a bit of shrinkflation.
That protection has all been either defunded or Sorosed now.
“Never mind!”
Touché!
Another Biden voter trying to deflect from the consequences of her shortsightedness
What a silly article, shrinkflation has literally nothing to do with economic metrics judging the economy its just a means of increasing corporate profit. Nor is the economy doing badly, in fact its doing very well. Good grief the lack of coherence on display is quite impressive.
You know, we post a menu outside the door to save all of us time. We don’t serve Kool Aid here. Keep walking.
LOL.
It certainly has to do with the metrics – and the left loves it. It helps to understate official inflation numbers.
And the economy is a sick joke. There is no growth. We are borrowing and printing and spending more money in the economy every year than the claimed “growth”. That’s not how “growth” works. If you borrow $100,000 that doesn’t mean that you earned $100,000. You still have to pay it back, with interest.
Any economy for which the annual government deficit is greater than the claimed “growth” is a joke. And the printed money (of which we are staring at over $8 TRILLION on the Fed’s balance sheet right now) makes this even more of a spastic sh*t show.
Growth is at 2.5%
Inflation is down to 3.2%
Real term wages for blue collar workers is now above 4%
The deficit grew under Trump and has been reduced under Biden which is now $1.7 trillion not $8 trillion. I’ve no idea where you got that number from.
Its true the national debt has increased but that’s a product in part from Trumps policies and failures. Including his large deficit numbers.
Its difficult to see what metric you are using to suggest that Biden is anything other than doing pretty well given the shit show he inherited
Learn basic mathematics and economics before obnoxiously and stupidly opining on inflation rates as if you actually understood their import.
A reversion to a 3.2% inflation rate (still well above the rate when President Trump left office) after a more than 20% increase in the price of consumer goods and gasoline since Biden was installed in the White House geriatric ward in January, 2021, is nothing to boast about. This is not an alleged feather in Biden’s cap, as any semi-intelligent person would understand.
Your dim-witted and dishonest attempts to put a rose-tinted gloss on crime boss, Biden’s, manifestly lousy and destructive fiscal policies, his wanton profligacy and his stifling of domestic energy production (but, not Venezuela’s), are foolish and unavailing.
“Learn basic mathematics and economics before obnoxiously and stupidly opining on inflation rates as if you actually understood their import.”
It helps if you demonstrate some knowledge
“A reversion to a 3.2% inflation rate (still well above the rate when President Trump left office) after a more than 20% increase in the price of consumer goods and gasoline since Biden was installed in the White House geriatric ward in January, 2021, is nothing to boast about. This is not an alleged feather in Biden’s cap, as any semi-intelligent person would understand.”
And lol. The trend for inflation started because of global factors and Bidens economic policies have brought inflation down. A semi intelligent person would understand that blaming Biden for global factors is a dumb thing to say, a semi intelligent person would understand that when you make a comparison of inflationary effects vs other countries the US looks pretty good. Compare to say European countries like the Uk, France or Germany. You don’t actually have a point.
“Your dim-witted and dishonest attempts to put a rose-tinted gloss on crime boss, Biden’s, manifestly lousy and destructive fiscal policies, his wanton profligacy and his stifling of domestic energy production (but, not Venezuela’s), are foolish and unavailing.”
Domestic energy production is higher than under Trump you seem to lack a basic understanding of reality.
What year was this Trump $8 Trillion budget deficit you cite and what year was the Biden $1.7 Trillion deficit you cite?
No response from the administration mouthpiece, of course. Hey BartE, answer the questions.
THat’s the Fed’s balance sheet, as I clearly stated, you blithering idiot.
Of course, you have no idea what “the Fed’s balance sheet” actually is …
$1.7 trillion was the federal deficit for 2023 … the same year that you are crowing about “growth” of 2.5% … which means that you are crowing about “growth” of $685 billion in GDP.
Do you understand these numbers? The federal government borrowed and spent $1.7 trillion in the economy in 2023 and you are claiming that GDP increasing by ONLY $685 billion that year is “growth”. LOL. What happened to the other $1.015 TRILLION of federal government spending?? Here’s a hint … it went to shore up the CONTRACTING economy. But that money was not free. It has to be returned, at some point.
You are a retard.
“THat’s the Fed’s balance sheet, as I clearly stated, you blithering idiot.”
The $8 trillion figure on the Feds balance sheet is assets not the deficit
The deficit is a different thing to growth. The deficit refers to the difference between money going into the federal system vs that spent. Growth refers to the economy as whole.
As I pointed out the deficit figure went up under Trump and down under Biden so not only does your point make no sense since you don’t seem to understand what the numbers actually refer too but logically fail in there context.
“You are a retard.” sure buddy, you keep projecting. After the embarrassing statements you’ve made you do what you need to do to try and make yourself feel good.
Measured inflation does not include food. 2019 is the real metric. for Trump Using 2020 as a basis is soooo bogus. Any rebound from the lock down would “look” good for Biden. Overall inflation cannot be chased down with those wage increases… and the wage increases are expressly in reaction to inflation. Didn’t you learn that in Marxism 101?
“Measured inflation does not include food.” And, whats your point here. This doesnt negate the fact that inflation has gone down, and the US has performed well agaisnt other countries
“2019 is the real metric. for Trump Using 2020 as a basis is soooo bogus. ” I didn’t use 2019 and the Trump years as a basis for inflation. Inflation was caused by Global factors, while one can say Trump mismanaged the economy and Covid that doesn’t negate the fact that the inflationary pressures were primarily caused by those global factors.
What I did say was that Trumps deficit was much worse than Biden, this is objective fact and partially as a result of policies that Trump has. His tax cutting measures increased the deficit by a significant amount.
It still remains the case that wages now outstrip inflation, and again compared to other countries the US is doing pretty well.
Your argument appears to be look bad stuff happened in the past and it doesn’t matter that how good the US is doing now. No matter that those prior issues had nothing to do with Biden. Its just a really bad argument.
Its not clear to me why you mention Marxism. Is this from the school of everyone left of Hitler is a Marxist?
Good grief the lack of coherence on display is quite impressive.
Projection is a powerful thing.
It is, right wingers are the masters of it. When you have a point come back to me
“no u”
“When you have a point come back to me”
He says, without the slightest shred of irony.
Which measurements are you bringing to show us the Economy is doing ‘very well’? Not Wall St but for those who live on Main St.
I could of course add employment which has done exceptionally well, I’m sure there are other metrics if I could be bothered to find them
BartE,
You do know that the rate of inflation you cite (3.2%) is an increase on the existing price levels which are themselves about 20% higher in many categories since Biden took office?
Not for nothing but employment isn’t doing well. How many of those employed are are full time v part time? How many have multiple jobs out of necessity? How much of is private sector v govt jobs? What is the rate of workforce participation?
You are not making a convincing case so far.
No shit sherlock, that doesnt negate the fact that inflation was directly caused by global events and that inflation has been dealt with effectively.
Employment figures are doing exceptionally well, the job reports high employment rates. Part time vs full time, well there was a drop after Biden came into office and has gradually increased since. It hasnt yet reached the peak levels in 2016. Nor is this a particularly relevant point given that real wages are on the up.
Its objective fact that the economy is doing well
Thanks for grudgingly admitting that the Biden admin policy choices have created rampant inflationary pressures and that prices have yet to moderate back down to Trump era levels.
You may want to look at the ADP employment numbers for comparison with the ‘official’ BLS numbers. Lots of divergence. Not to mention most,.nearly all in fact, of the net ‘new jobs’ are gov’t jobs. That is not indicative of a healthy private sector economy. Not to mention the consistent revisions to the official BLS employment numbers.
Finally you do understand that a hot labor market which is what you claim exists will cause the Fed Reserve to keep rates higher? That impacts consumer/business borrowing and liquidity as well as the Nations Debt.
We got about $10 Trillion in debt to finance this year alone at now much higher rates. Debt service is about $1 Trillion by itself. Look for that to go up by around 20% ish in the near future, probably more. The crowd out effect of debt service is gonna hit hard when tough choices in spending begin to made.
That’s beautiful logic right there.
3 years ago the Biden Administration shut down most private businesses, employment tanked and cumulative job losses reached at least 23 million.
3 years later, after the shutdowns end and the businesses that were able to survive finally start re-hiring workers, the Biden administration touts that they’ve “created” 14 million jobs…9 million fewer than they destroyed.
Quite an accomplishment there. If that’s “exceptional” performance in your world, then Trump’s economy just before the Pandemic Panic struck must have been mind blowing to you.
Reminder to you and Fauxcahontas: a decrease in the inflation RATE is not a decrease in inflation. The inflation rate is year over year. So the current 3.2% inflation is the increase in prices over the previous year’s 6.9% increase in prices which is the increase over the previous year’s 7.0% increase in prices…and so on.
I doubt that anyone’s wages have increased 18+% over the past three years. I know mine haven’t.
In order for prices to have come down, we’d have to have a negative inflation rate…AKA deflation – which is generally considered a bad thing as it often leads to recession or even depression.
“3 years ago the Biden Administration shut down most private businesses, employment tanked and cumulative job losses reached at least 23 million.” Employments dropped under Trump not Biden due to Covid, it peaked in 2020 and started dropping from that point.
“3 years later, after the shutdowns end and the businesses that were able to survive finally start re-hiring workers, the Biden administration touts that they’ve “created” 14 million jobs…9 million fewer than they destroyed.”
The employment rates is higher now than at any point under Trump. Its not clear to me why you would highlight wages when it was flatlining under Trump
As for Trumps economic achievements he can only point to the stockmarket otherwise he is a complete failure on multiple metrics
Employment is not doing well. Sure there are a lot of new jobs, but they’re all in the welfare industrial complex, in other words they are not producing anything, they’re just using up resources. Each such job is a minus for the economy, not a plus.
Employment is objectively doing well, its purely a political point not an economic one that you don’t like the jobs people have.
Its not clear to me that production is the only metric of determining someone’s usefulness. Its grossly simplistic. The notion that additional healthcare, social assistance etc jobs would be viewed as pointless is a pretty poor argument. Especially in context of the social and health issues that the US has.
Productivity is by definition the measure for whether a job is good for the economy or bad for it. It’s what jobs are for. A job that produces nothing of value is a liability, not an asset; it’s a fake job, and shouldn’t exist. Certainly bragging of having created it makes no sense and shows how useless one is. It’s like bragging of having solved the housing crisis by building uninhabitable shacks, or to brag that by encouraging crime one has caused a boom in business for glaziers, repairmen, and insurance adjustors!
Yes with over 1/2 of those vaunted jobs being government or health care both of which do not produce anything.
BTW, I should also point out that throwing people out of their jobs because of the lockdowns then letting them go back to the same jobs they had before is not creating anything. The inflation is real and devastating. Last year ribeye was $10.99 and now its $14.99 at the local store. Just one small example. Not sure about you but my wages have not increased 40 percent.
“I could of course add employment which has done exceptionally well, I’m sure there are other metrics if I could be bothered to find them”
You’ve somehow managed to post Democrat talking points without one single cite or statistic to back them up.
That’s because you’re a shill, and the statistics don’t exist.
Begone.
Wow, you really can’t see that the economy is shit can you. Of course that’s probably a side effect of being stupid enough to support a pedophile like Joe biden. Get lost you communist piece of shit
“Wow, you really can’t see that the economy is shit can you. Of course that’s probably a side effect of being stupid enough to support a pedophile like Joe biden. Get lost you communist piece of shit”
If you cant come up with an argument maybe refrain from the pointless insults. Its difficult to take you seriously when every comment you make has zero value.
Every comment you make has negative value, being a demonstrable lie.
Been shopping lately?
Can we get some “shrinkflation” in the number of illegal alien invaders?
Inflation is caused by government debt.
Warren loves spending money and does not care about the debt.
She and her buddies have destroyed the USA.
Actually, it’s just “inflation” … and you love it because it helps hide the costs of your inane and suicidal policies and the federal government gets to claim that “inflation” is low when they measure by the bag/serving instead of by the ounce.
BTW, it’s been going on for a long time. I guess the smoke signals just got to the Warren tepee. That’s because they’re using smaller smoke signals, these days …
I think she has a party line; the call didn’t go through.
LOL.
I’m old enough to remember those party lines. One of my aunts had one. I thought it was the funniest thing.
I’m old enough to have had a party line when I was young. We were pretty rural so it was just us and the neighbor across the road, but it was really annoying when you needed to make a call to pick up and hear voices already on the line.
Party lines could be a lot of fun. I’d hold down the cradle hook with my elbow while holding the hand set in one hand and removing the microphone with the other. Listening to the old ladies gossip while knowing they couldn’t tell I was there was good for memorable entertainment after school was out for the day.
Contrast this with the Marxist apologists such as BartE who know we’re paying attention to their blind ravings and keep on talking anyway. Is it stubbornness or stupidity?
Yes.
.
“Shrinkflation” indeed. For decades I used to call it a “half gallon” of ice cream. Now it is only 3/8 of a gallon. Candy bars is another notorious “shrinker”.
BlueBell is still half a gallon!
A pound of coffee isn’t.
Mmmmmmmm… Big Oreo…
Even better, big double stuff
So, she claims their profits went way up. Where’s the data on that? Is she just pulling it out of her headdress, or is there some statistic showing profits for the companies she mentions are going up?
Because that would then let me analyze things and determine actual relationships between policies, companies, and money from the consumer.
Life long academic or lifelong politician should be a red flag that that person has no clue about how the economy works. Thomas Sowell excepted, and he started out as a Marxist.
All I know is that this woman doesn’t buy her own toilet paper or paper towels.
The rolls keep getting bigger. Indeed, the toilet paper packages have recently included coupons for buying “extenders” to allow older fixtures accommodate the larger-radius rolls. Extenders are separately available for paper towel rolls in the kitchen.
Overall package size is bigger, too.
I suspect it is a response to the price of fuel: bigger packages mean fewer trips.
And if anybody knows how much wampum it costs to buy a pound of pemmican, it’s Fauxcahontas.
She makes me wonder if she is descended from those who sold Manahattan for $24 worth of trinkets.
Aah God, the left wing socialist mongrels down here are aping the same BS
A simple math example that explains Democratic dishonesty.
“Profits are increasing so companies must just be greedy argh!!!!”
If company X makes $1.00 for every $10 item they sell then they make 10% profit.
If company X raises the price to $12 for the same item then they could make roughly $3 (or 25% profit). There are at least 2 big problems of dishonesty with this.
Problem # 1. Revenue increases are not profit increases. I see a lot of conflation of revenue and profit
Company X may raise its prices to ripple effects on production costs and consumables due to inflation. What used to cost $9 may also cost 20% more to make (or now $10.80). Therefore, a profit at the same rate of 10% would actually be $1.20. Revenue goes up because the cost of the item goes up but profit does not increase because the units produced are lower due to the higher unit cost. Demand may also drop as price rises but that is sometimes balanced by the lower supply. However, lower supply is almost always bad for the microeconomy unless the item is obsolete or easily substituted (thus demand has dropped beyond a cost inflation equilibrium).
2. Profit % increases are not on the same % scale as before when the purchasing power of the measurement currency has diminished.
Company X makes a product at $20 for a 10% profit of $2. Company X raises price due to inflation (inflation = 10%). Production qualities are cut due to inflation to keep production cost at $20. However, the company raises the price of $20.20 . This does not mean the company is greedy. It means that the dollar for dollar purchasing power of the profit returned is less than it was prior to inflation. So if $20 product is now $20.20 and a $2.20 profit is made that $2.20 is worth what $2 were worth before inflation. The profit margin will appear larger but the devalued currency means that the profit is essentially the same.
These are simple examples and production costs have gone up farrrrr higher than just inflation. Think woke DEI training, new federal labor requirements (see WH propaganda exhibit A: https://www.whitehouse.gov/briefing-room/statements-releases/2023/11/16/fact-sheet-president-biden-takes-historic-step-to-advance-worker-empowerment-rights-and-high-labor-standards-globally/) , and other wasteful spending that has also raised production cost across many sectors.
Another thing I didn’t even tackle is that R&D and capital expansion investments/loans, which are often reported as loss against profits for tax purposes, are wayyyy down which artificially elevates the profit reporting in the short term. This is one of the things that has happened in the domestic oil & gas sector that makes them look more lucrative than they are.
None of what you actually state contradicts the notion that cutting packet sizes increases profit. By definition if you sell a smaller product for the same price with the same purchase level that necessarily means greater profit.
The point is its a subterfuge to sell the same thing for cheaper. Its a version of cost cutting and passing costs on to the consumer.
Nope.
If the input price paid BY the company to produce, market, ship the product rises by $1 per unit and the company effectively raises the per unit price by an amount equal to or less than the rise of their cost input prices via shrinking package size/amount of product then they don’t make any additional profit.
Old price to the store $1 per unit; cost to receive that price .95 so a profit of .5 per unit.
If input prices for buying ingredients, labor, manufacturing, shipping, regulatory compliance increase an additional .5 they either raise prices on the same unit or shrink size of unit to be able to make a profit that was smaller than before.
Not for nothing but consumers bear the burden of paying for all the costs imposed onto companies by gov’t; taxes, regulatory compliance. Business don’t pay these costs b/c they pass them through to consumers in the form of price increases. If the costs rise too high a number of consumers will stop buying that product. That’s how markets work. There isn’t any ‘free lunch’ nor any cost that can be imposed by gov’t onto businesses that doesn’t fall as a burden onto consumers in the form of higher prices.
“By definition if you sell a smaller product for the same price with the same purchase level that necessarily means greater profit.”
This is so fucking stupid it makes my teeth hurt.
You ASS-ume that the costs of labor, raw materials, engineering, machinery, insurance, manufacturing space, etc are static.
Pro tip, dingus: inflation has caused ALL of these costs to increase.
Every bag or box has the weight or volume of the contents clearly marked on it. If you are unaware of a change in this, that’s the penalty for being stupid!
That’s a long way of saying that Warren is an ignorant fraud who knows nothing about price elasticity. Plus, makes an argument that pretends Democrat inflation has zero effect on raw material prices, shipping costs, or cost of production (worker salaries, power to run a manufacturing plant). More likely she does understand but elects to straight out lie—after all, she is a leftist whose entire ideology is built on lies.
I will point out math errors.
Therefore, a profit at the same rate of 10% would actually be $1.20.
Actually, a 10% profit on $10.80 would be $1.08. A profit of $1.20 on that amount would be 11+%.
Your larger point is correct.
She could donate millions to charity, she’s rich enough.
But she won’t.
She is a total idiot and attention Ho sparing with strawmen to get in the news. Corporate profits are not up 75%, I challenge her to back that up with any data including the governments. Her complete lack of understanding on how business works is astonishing.
If the input costs rise there are only a few ways to maintain a reasonable profit.
Cut costs which companies have been doing
Raise prices which they have but that only works to the point the product is so expensive the consumers stop buying it ( Ford is learning this with the dealer inventories of F150’s increasing to 90 days as people balk at a $75,000 truck)
Reduce the product size to maintain sales at a price point consumers are willing to pay which is what they are doing.
Cut costs which companies have been doing
Which hurts employment. Especially since mandatory wages have gone up in several states in the past few years.
Just a quick question: when was the last time she personally bought ANY of these products personally? She probably has household staff who buy the groceries, cook, etc. All of this was prepared by her political staff in her Senate office—personally Fauxcahontas doesn’t have a fricking clue!
Elizabeth Warren doesn’t understand economics at all! Prices that have gone up due to Bidenflation will NEVER come down. When the Left claims inflation is down, it just means prices aren’t rising as fast, but they are still rising. Warren needs to break up the biggest monopoly; the Federal Government.
Man! What cheekbones!
You could make tomahawks out of ’em.
When I last looked, the government made more on a gallon of fuel than the oil companies ever netted. And that (especially the vicious tax on Diesel) is the secret tax on everything we buy.
The government didn’t build that; the oil companies did.
Shrinkflation is just a normal reaction to the government devaluing the dollar through inflation.
George Washington got a law passed mandating the death penalty for any official who devalued the dollar. It is a shame that Congress repealed that law shortly after he died.