Kamala Harris Will Promote Price Control on Friday
Yay socialism!
How does presumptive Democratic presidential candidate Vice President Kamala Harris want to tackle high prices?
Cutting red tape? Stop the government from favoring a few companies? Giving us a 100% free market to open competition?
Silly talk! SOCIALISM!! I mean, uh, price control, of course!
*rubbing forehead*
It’s like “fair share.” How do you define “unfairly,” “gouging,” or “excessive?”
Harris’ first economic speech will focus on grocery prices, specifically calling out consolidation in the meatpacking industry and giving the FTC new powers.
This doesn’t sound like a candidate who’s going to turn her back on the Biden administration’s antitrust approach. pic.twitter.com/6DvnWCsrvX
— Kevin Robillard 🇺🇸 (@Robillard) August 15, 2024
Harris will propose, what her campaign bills as “the first-ever federal ban on price gouging on food and groceries—setting clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries.”
— Philip Melanchthon Wegmann (@PhilipWegmann) August 15, 2024
Notably this new move by Harris comes after Biden tried cracking down on consolidation in the meat processing industry in 2022 and then provided, per USDA, over $700 million in grants to independent meat and poultry packers.
— Philip Melanchthon Wegmann (@PhilipWegmann) August 15, 2024
Kamala Harris energy right now pic.twitter.com/JQxVUMyAdZ
— Philip Melanchthon Wegmann (@PhilipWegmann) August 15, 2024
No self-respecting economist agrees price controls work, even Democrats and those on the Left.
Besides, Harris won’t provide details. She’ll likely only shout buzzwords to keep the “vibes” going.
Have you seen what Argentine President Javier Milei has done? He’s pulled back the government. Inflation is down (actually down, unlike ours), and housing options have exploded without rent control.
milei is basically giving south america a crash course in econ 101.
and it's working, quickly and well.
remove price controls, supply rises. huh, whodda thunk it?
this is why socialists hate him so much.
he's reality proving their fantasies false.https://t.co/7trLuWfyd8
— el gato malo (@boriquagato) August 13, 2024
Free markets are a glorious thing, especially since it puts the consumer in control and open competition.
Yes, you want to help out people? Put them back in control.
Economics is not as complicated as people make it out to be.
It also helps to stop spending and watering down our currency.
You don’t even have to research to know price controls don’t work. It’s common sense, which is not so common, unfortunately.
If you don’t allow prices to rise, you risk businesses, especially smaller ones.
The whole point of a business is to supply goods and services. The company needs to make a profit to fulfill its purpose.
If the business cannot make a profit, then it goes under.
It all comes down to one thing: supply and demand.
Supply and demand determine (well, should determine) market prices. Consumers determine demand by choosing what they want to buy. When businesses see their actions, they work to meet the supply.
The consumer also determines the price by telling businesses how much they will pay for the product or service.
The prices could be high at first, but once other businesses see the demand, they will do what they can to meet it.
More competition leads to lower prices. Yes, it does not always happen because the consumer will tell the business how much they will pay for the product or service.
But when the government steps in and instills price control, the markets (not the stock market!!) crash down because supply and demand constantly change. Thanks to the internet and social media, change happens more quickly during these times.
Forcing a company to set a price for a product that is not in demand leads to waste.
How about when the price is too low? Those in the 1970s saw what happened when the government interfered with gas prices. Long lines!
Everything I just wrote is why I look at all the Consumer Price Index report numbers. It takes forever to get my posts up about it because I refuse to regurgitate what the BLS gives us in its shortened summaries.
Doing so was even more critical with the July report because the BLS claimed inflation cooled. All outlets jumped on that, but when you look at individual prices, you still see inflation.
You have to look at every detail.
DONATE
Donations tax deductible
to the full extent allowed by law.
Comments
In other news. global warming to blame for epidemic-speed expansion of “food deserts.”
Communist crap that is destructive and inflationary
Didn’t work for Diocletian, won’t work for her. Will screw the rest of us.
It didn’t we ork for Republican Richard Nixon, either.
It didn’t WORK for Republican Richard Nixin either.
How can you have price control when spending money out the government’s ass?
She has no clue, only learning at Cultural Marxism Seminaries.
She looks like a crooning crone in that photo. Perhaps she is singing, Love for Sale.
As a culture, we laugh at the apocryphal story about the bible-belt state whose legislature once proposed a law fixing pi to the value of 3.0 because it says so in the Bible (1 Kings 7:23). We virtue-signal how much smarter we are than they were, because we understand that the immutable laws of mathematics are immune to the arbitrary laws of man.
Then we go out and vote for politicians like Kamala and Sanders, who persuade us they can improve our lives by passing laws that will successfully warp the equally-immutable laws of economics.
“Our people are destroyed from lack of knowledge.”
Supply and Demand is not just a good idea. It’s the Law.
Since Kamala is not making her own policy, whoever came up with this idea is an Educated idiot. They think they can ignore the Law of Supply and Demand. You can ignore reality. But, you cannot ignore the consequences of these actions.
Not that this is a good idea, but if this is her intention, why is she not pushing for price control right now while she’s vice president? Surely Joe Biden would be on board?
USSR grocery stores had great prices.
However, the stores’ shelfs were empty.
That’s generally the consequence when companies aren’t allowed to make a profit. They stop doing business and then you can’t get their products at any price.
Credentialed morons will be our downfall.
At last the Dodo said, `EVERYBODY has won, and all must have prizes.’
Law of supply and demand? Just re-brand it as ‘crowd-sourcing micro-economic decisions’ and many over-credentialed and under-educated young leftists would be all in favor.
Biden says she loves and will support Bidenomics.
For anyone that happened to doubt her communist Bona fides
Nixon tried wage and price controls,….has Harris ever had an original thought?
Very Nixonian. That is when we stopped getting food in pints and quarts and started having 15.67 oz containers.
I read about that and Nixon. I never read anything on how it could be legal.
It was legal because it was shoved down our throats by people with guns, badges, phone tapping equipment, and the ability to audit your taxes so hard you couldn’t see straight. Just ask Nixon’s enemies.
And killing the gold standard…..
Nixon didn’t have the ability to audit his enemies’ taxes. One of the counts against him in the impeachment motion was that he had attempted to order the IRS to do so, but the IRS refused. (The Kennedy and Johnson administrations had definitely done exactly that, and the IRS happily complied, but when Nixon tried to do the same thing, the IRS said it was illegal.)
If you mean how it was constitutional, presumably it was considered to be covered by the interstate commerce clause.
The only legal challenge was under the nondelegation doctrine, but the DC Circuit held that the delegation was sufficiently narrow.
“Has Harris ever had an original thought?”
However many thoughts she has had, none were original and none ever came before she started speaking.
I was a young child when Nixon tried his wage-price controls. I remember my father ranting about the stupidity of the policy. My father was a republican.
Not many connect the inflation of the 1970s with Nixon taking the gold standard off life support in 1971. I also remember the Whip Inflation Now campaign. That all seems cute and fluffy compared to what we’re going through now but anyone who was in school in the 70s knows how bleak the future seemed for young people, especially compared to kids born in the 1950s.
Yup. When I got my first job in the 70s, my dad offered to help with a car purchase if I bought a station wagon (6 kids in the family) so he could get a small car to drive back and forth to work. If we went anywhere as a family, we used my car.
Antitrust brings more options and more competition which lowers prices, All this talk of an “open market” amazes me. Why do we want fewer, bigger companies ruling the market? That is anything but “open”.
No price controls – but more anti-trust!
Nobody ever said anything about wanting fewer large companies ruling the market. We just want the government the fuck out of because the government is terrible at everything.
People, please. You are carping on about this and ignoring that the chocolate ration has been raised from 30 grams to 20 grams. Such ingratitude!
I suspect that before this campaign is over, she’ll float the idea of “White People Pay.” That’s a card that entitled minorities can present to any white person in a store that requires them to pay for the minority’s items.
That card already exists. It’s called “EBT”
Price control is the answer. It worked in the USSR and it will work here, too by golly.
Of course it will! American Communists are smarter than Russia Communists. It only requires the correct people to manage it.
😏
We can institute the Soviet Five Year Plan too! Except instead of laughing at the Soviets, we can laugh at ourselves.
Price controls…
That’s Bidenomic logic for you.
We called it Nixonomics in the early 70s.
Ds tend to say “in the 70s” to avoid mentioning the President that launched many of their favorite government actions.
I’m avoiding nothing. I’m staying on topic. I am well aware of all those wonderful government agencies a republican has given us.
You would think they’d lionize the guy. He did so much to expand the size and scope of the government and cemented the all those fun things LBJ gave us.
That sound you just heard was thousands of farmers parking their tractors and figuring out what it will cost them to either not plant this fall’s crop or turn it into feed for their livestock. Oil prices are already pushing costs of production hard.
The lady yesterday crying about the $2 bell pepper costing $5 won’t be getting bell peppers next spring. This isn’t just a plan to wreck the American farmer but it will kill agriculture world wide. Bananas from South America are already dirt cheap – but they’re not free, which after paying shipping costs will be necessary.
If Musk wants to make a difference, this is the moment to hand his microphone to the people who provide the bare necessities of life and explain why they won’t be able to stay in business.
“The lady yesterday crying about the $2 bell pepper costing $5 won’t be getting bell peppers next spring.”…think of the money she will be saving by not having to buy bell peppers!!!
Not for very long and starvation is a horrible way to die
Well one needs to grant Harris consistency marks. To combat inflation, the Biden/Harris administration sponsored a $891B dollar spending bill. I’m not aware that the way to counter the effect of too much money chasing too few goods (inflation) is to add more money.
Now to combat high prices, brought on in part by high levels of regulation, the proposal is to add regulation.
It seems that for the Harris team the “cure” to a economic or social problem is more of what brought on the illness, What next? Fighting crime by emptying out the prisons?
In Ronald Reagan’s 1981 inaugural address, he stated: “In this present crisis, government is not the solution to our problem; government is the problem. From time to time we’ve been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. But if no one among us is capable of governing himself, then who among us has the capacity to govern someone else?” His idea should still be current.
These lyrics from Jonathan Edwards for the tune “Sunshine” in 1971 have always been my go to response to my 6 older siblings and other family members who tried to micromanage my life.
They had drug addictions, failed marriages, failed work history, depleted bank accounts, etc., but never seemed to think that those failures could stop them from screwing up other’s lives.
Democrats are the epitome of who this song was written for.
“… Sunshine go away today
I don’t feel much like dancing
Some man’s gone, he’s tried to run my life
Don’t know what he’s asking
… He tells me I’d better get in line
Can’t hear what he’s saying
When I grow up I’m going to make it mine
But these aren’t dues I been paying
… How much does it cost, I’ll buy it
The time is all we’ve lost, I’ll try it
But he can’t even run his own life
I’ll be damned if he’ll run mine, Sunshine
… Sunshine go away today
I don’t feel much like dancing
Some man’s gone he’s tried to run my life
Don’t know what he’s asking
… Working starts to make me wonder where
The fruits of what I do are going
He says in love and war all is fair
But he’s got cards he ain’t showing
… How much does it cost, I’ll buy it
The time is all we’ve lost, I’ll try it
But he can’t even run his own life
I’ll be damned if he’ll run mine, Sunshine
… Sunshine come on back another day
I promise you I’ll be singing
This old world, she’s gonna turn around
Brand new bells’ll be ringing”
But here we are 53 years later and the world has still not turned around.
I’ll be damned if I let Democrats run my life.
Looking for my WIN button from back in the day. Whip Inflation Now..
Vile crone-harlot, Harris, is going full Maoist/Stalinist. It’s all out in the open, now, completely unabashed. Maoist/Stalinist “vibes” and “joy.”
Let’s just dub her economic plan the “Great Leap Backward.”
Besides the intrinsic idiocy of neo-communist “price controls,” and, their well-documented inefficacy, in historical and contemporary contexts, this proposal is even more contemptible, because it ignores/sidesteps the single largest contributor to skyrocketing food prices, which is the cost of oil and gas — which cost has risen because of the “Biden-Harris” Administration’s gleeful, idiotic and predictably inflationary attack on, and, stifling of, U.S. oil and gas production.
Trump-Vance must make advertisements underscoring this point.
More magical thinking from d/prog. Just wave a wand, decree that prices must remain static problem solved… except that without economic incentive the products folks want to buy won’t be produced.. and if some is produced the lack of adequate supply will increase demand forming a black market for those who can afford it but leaving everyone else’s cart empty.
And, if that supposed magic “wand” solution actually worked, why didn’t dotard Biden and crone-harlot, Harris, wave the wand and cast that magical spell, 3.5 years ago, when the “Biden-Harris” Administration first took office? Why wait until prices on household goods, groceries, fuel and rent have risen 20% to 40%, or, even more, causing incalculable suffering, pain and stress to the American middle-class?
Anyone who believes that the vile and fiscally illiterate Dhimmi-crats’ economic incantations and voodoo will actually produce a desired and positive benefit, is a fool.
Then again, the people who believe this stuff are the same people who will gleefully voting for the wretched Harris-Walz ticket.
They think that wand works with gun confiscation, too.
On Aug. 15, 1971 (53 years ago today), in a nationally televised address, Nixon announced, “I am today ordering a freeze on all prices and wages throughout the United States.”
Kamala Harris was a few months shy of 7 years old, so she doesn’t remember what a disaster they were.
She was busy celebrating Kwanzaa, and she still won’t admit what a disaster THAT was.
Kwanzaa was a disaster?! In what way? When Harris was a little girl her family was one of the few that celebrated it, or had even heard of it; but it eventually caught on, and is now established in the roster of seasonal holidays. Nobody dares mention Christmas and Chanukah without including Kwanzaa as well. I would call that success, not disaster, especially considering what a disaster its inventor was.
“Nobody dares mention Christmas and Chanukah without including Kwanzaa as well.”
Care to bet on that?
(Not my downtick)
That orifice you’re speaking out of, Democrat, isn’t your mouth.
Fuck off, you lying demonspawn.
Nothing encourages production as well as capping profits … unless it’s forcing businesses to operate at a loss. They love that!
Well, Kamala thinks the government should own all the businesses so they wouldn’t have to worry about profits.
The reason the government is so incompetent at everything is that they don’t have to worry about profits. They don’t have to worry about operating cost. And they don’t have to worry about taking losses because they can just print more money.
Goods will not be on the shelves if the mandated prices are less than the costs of production and distribution. The jobs producing and delivering goods will be gone too.
This is the Democrat Party’s deliberate attempt to reproduce the Holodomor here and now.
Subotai Bahadur
Economics (at least before they feminized it) is about perverse consequences. Women don’t care. It’s about feelings.
Ask AOC. She’s an Economist.
She knows everything.
There’s always WIN buttons (Whip Inflation Now!). Don Novello proposed saving money by having malls visit homes rather than the reverse. Curiously they do that today via Amazon. He got a WIN button for the suggestion.
So they cause a huge problem with their interference, then they hope to remedy it by interfering some more. I’m tired of hearing about the greedy corporations and nothing about our greedy government. They want the government to tell us how much we should earn, what’s acceptable profit, what we think, what we put into our bodies. on and on, like a bunch of effing livestock. They suck! It was never supposed to be like this.
All levels of government is the most wicked cartel of price gougers on the planet. They have no competition, in many areas can set fees at what ever level they want, don’t pay the fee then you are illegal.
With modernization and computerization many fees should be minimal yet they rise nearly every year. Getting a drivers license renewal on line should be only a few dollars as an example, getting a permit to do work on your own home, some areas require a permit for basic home repair line replacing a water heater.
thanks for posting this !!!!!!!
they already control the price via the laws they have aimed at the farmers
Just be straight. Are you intentionally dishonest or don’t know the difference between price gouging and price controls? Kamala is a marxist demon, but can’t one retain a shred of intellectual honesty?
The Commie-la policy is an intentional deflection, as price gouging guidelines are effectively feckless, Think about all of the price gouging saber rattling around gas prices when oil spikes. A rant about price gouging regulations would be fine, but it isn’t price control.
Gouging is simply an emotional word to justify price controls.
Same as buyback is an intentional deflection that actually means confiscation.
Price controls result in supply shortages. Kamala is dumb socialist, who has worked in government all her life, and doesn’t understand private sector.