To defend Kamala Harriss’s price-controlling, Warren uses how Kraft Eggs made a 700%+ profit as an example of how companies exploited the pandemic to price gouge.
She left out the part where Kraft Eggs tanked because of the Avian Flu, and the “huge profit” was the company simply returning to normal.
This is how dirty MFER politicians and the government do the math to justify bending citizens over.
The Texas and Florida price gouging laws that she used as an example were for price gouging after hurricanes.
^^^ yes
I have to give her credit, the moron can stick to her simpleton sloganeering and shut down any rational response with nothing but repetitive interruption. The guy was way too polite, should have cut her mic.
And notice how they re-label everything to appeal to emotion and hide the hammer under the silk; They know that “price controls” turns people off, so they change it to “price-gouging laws”. They know that “gun control” raises red flags, so it becomes “sensible gun legislation”… “Nationalized Health Care” becomes “Single-Payer” and on and on and on.
Did she offer everybody a beer?
“Price Gouging” A nuther MacGuffin!
The real problem is a government that is stabbing its own people in the back!
@aircubed:
And the female anchor was trying to introduce that fact and Warran wouldn’t let either of them get a word of truth in edgewise.
Let’s ignore price gouging after a natural disaster (like Warren did), and focus on normal concepts of profit margin. The laws of supply and demand work, and if the price is too high, demand drops. If a price of something is too high because of excessive profit margins, competitors will enter the market place thereby increasing supply, and the price will drop. These are basic economic laws morons like Warren do not understand.
What is “magical” is when the government tries to provide things. The price is exorbitant, yet the government is not only not making a profit, but usually still losing money. I don’t want people like Warren making any substantive economic decisions.
Where’s Alfred Hitchcock when you need a cameo MacGuffin.
Additionally… when the government steps in and dictates prices it removes all incentive to run a business. If owners are not allowed to make a reasonable profit they’ll simply say Fuk it and close down! Given that, if the government starts up Government Stores, we’ll be beholden to the “Company Store” like 150 years ago in poor mining towns.
harry, and we’ll be like Tennessee Ernie Ford in the song Sixteen Tons and end up owing our soul to the company store.
@Harry: price controls make things disappear. This is a phenomenon that has proven itself over and over again: in the Soviet Union, Communist China, Cuba, Venezuela and even in the United States.
And another day older and deeper in debt.
When flashlight batteries go up to $3/ea ahead of a coming hurricane, no one buys a dozen, just to be sure and there are plenty available for people who really need them.
Price Controls: Because they worked sooooo well in the past, let’s do it again! Oh Joy!!
Because the last 3.5 years were soooo good, let’s do it again! Oh Joy!!
Welcome to the New Communism of the 21st Century!
https://youtu.be/LRt-VSASKY4?si=RQMcb8V1Mbk3d2-g
Wyatt – price controls make things disappear.
or—
It’s a financial Directed-Energy Weapon that vaporizes things!
And CNBC isn’t and adversarial interlocutor for a fake indian communist old bag either. The leftists are so used to just getting away with whatever they want that they don’t even remember how to try.
@Harry:
FTFY
The price of eggs are high because the fucktards said bird flu was detected and you had to destroy 10’s of thousands of egg laying chickens. Shut down or rebuild your stock.
When it comes to lying, Sitting Bull’s sister, Lying Cow, takes a backseat to no one.