Is law-fare libs new norm?

[WuWei]

@thinkingman

@DisturbedGuy

Because they priced out the poorest of our citizens.

should the government make everything affordable to everyone?

[WuWei]

@gooddad409

Prices are up because of the massive inflation biden created with his wild out of control wasteful spending.

It’s not that simple. But, every action does have consequences and critprogs are wilfully blind to them.

[WuWei]

Seems relevant

Lessons from Venezuela’s devastating price controls | IFT

1. Destroy the price mechanism with price controls

2. Nationalize the economy’s “commanding heights”

3. Print money without restraint, destroy the currency

4. Block citizens’ access to foreign currency

5. Heedlessly run up the deficit and the national debt

6. Constantly increase wages by fiat

7. Put the militaryin charge of central economic planning

[Nemesis]

@thinkingman

@Nemesis

Who says he is wanting to regulate grocery prices or establish price controls?

thats exactly what he is looking to do

mommy media just knows better than to call it that. they have an election to “win”

In your opinion. I would prefer to see some more substance than just a tweet from the WH before I get all irate and mad at the world.

[WuWei]

This Walmart rival is gaining ground in the pricing game

Ah, the sweet ass sweet smell of capitalism in the morning. Smells like…

VICTORY!

[WuWei]

Well, you’re a socialist so…

[Nemesis]

@WuWei

Well, you’re a socialist so…

Sure I am .

[dderatz]

@Ben_Natuf

what is price gouging when you have an average 2% net profit?

That’s misleading statistic. In the first place, we are by and large not talking about Joe’s market on the corner. The 1-2% figure you are referring to is the net profit/gross revenue. For example Ahold (Giant, Kroger, etc.) had gross revenue of about $90B last year, and netted about 2B. Of that, $65B was COGS, and the remaining was operating expense. Still, a 2B profit.

Perhaps the idea is to put upward pressure on the manufacturers through the stores. In other words, if the manufacturers and distributors can be pressured to lower wholesale costs, then prices at the register can be brought down- ie. Using market forces.

[WuWei]

@Nemesis

@WuWei

Well, you’re a socialist so…

Sure I am .

Admitting you have a problem is Step 1.

[WuWei]

@dderatz

The 1-2% figure you are referring to is the net profit

Exactly what he said.

How is it misleading?

@dderatz

That’s misleading statistic.

[WuWei]

@dderatz

Perhaps the idea is to put upward pressure on the manufacturers through the stores. In other words, if the manufacturers and distributors can be pressured to lower wholesale costs, then prices at the register can be brought down- ie. Using market forces.

That makes sense, blame somebody else and force them to force the culprits to fix it. Maybe.

The government is a market force?

[Camp]

While the grocery prices distract the voter much like law fare distracted Democrats.

Blue State Blues: ‘Lawfare’ Has Backfired on Democrats https://www.breitbart.com/2024-election/2024/07/05/blue-state-blues-lawfare-has-backfired-on-democrats/

[thinkingman]

@Nemesis

@thinkingman

@Nemesis

Who says he is wanting to regulate grocery prices or establish price controls?

thats exactly what he is looking to do

mommy media just knows better than to call it that. they have an election to “win”

In your opinion. I would prefer to see some more substance than just a tweet from the WH before I get all irate and mad at the world.

here’s your communism proof

https://www.nytimes.com/2024/02/01/us/politics/biden-food-prices.html

something tells me you will love it, though instead of hate it

[thinkingman]

@dderatz

if the manufacturers and distributors can be pressured to lower wholesale costs, then prices at the register can be brought down- ie. Using market forces.

pressure from big daddy fed govt is the opposite of “market forces”

sorry people realize this

[Ben_Natuf]

should have said net profit margin. and the 2% is net net, not gross net which is about 2.5 or 3 % if I recall correctly. it may be a bit higher or lower from quarter to quarter but overall its a low profit margin.

[Ben_Natuf]

@dderatz

Still, a 2B profit

what difference does the dollar amount make? People do expect a ROI and 2% is peanuts

[FreeAndClear]

@Ben_Natuf

what is price gouging when you have an average 2% net profit?

you keep saying that.

It’s 2% per store. 150 stores gives you how much profit

[FreeAndClear]

@Ben_Natuf

@dderatz

Still, a 2B profit

what difference does the dollar amount make? People do expect a ROI and 2% is peanuts

All the difference. Come on now

[SixFoot]

Get your filthy government fingers out of it. You (D)ip ■■■■■ are the reason this happened in the first place!

[DougBH]

No competition in the grocery market?

“In a recent report, Telsey Group analyzed online grocery prices across seven retailers including Walmart, Target, Amazon Fresh, Kroger (King Soopers), Albertsons (Safeway), Sprouts, and Whole Foods (via Amazon) in Denver, Colorado. Analysts specifically looked into 40 key items across two categories, including “several premium items.”
Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business that Kroger and Target, which usually trade off in the number two spot, have slightly “narrowed the gap with Walmart” and are less of a price premium to the Arkansas-based retailer than they used to be. “

The problem is grocery prices have risen 20% under Biden and the administration needs someone else to blame.