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What is one of the 10 million differences between Harris and Trump?

Tomorrow Harris will be having a press conference to talk about her plan to stop food company's from price gauging. She has set a 100 day target date for getting it done once she is in the WH. I think that’s a pretty reasonable goal. But if Trump was talking about it - he would claim he will get it done on day one - which is ridiculous. So I think one of the 10 million differences between Harris and Trump is - one has reasonable doable plans - the other one doesn't. Cheers!

Posted - August 15

Responses


  • 34269
    Food companies are not gauging.  They are reacting to their increased costs.  And price controls do not help.  If it were to go into to effect look for food shortages. 
      August 15, 2024 3:44 PM MDT
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  • 3707
    "... Grocery prices remain elevated due to a mixture of labor shortages tied to the pandemic, ongoing supply chain disruptions, droughts, avian flu and other factors far beyond the administration’s control. Robust consumer demand has also fueled a shift to more expensive groceries, and consolidation in the industry gives large chains the ability to keep prices high, economic policy experts say.

    “President Biden has made clear that as input prices fall, corporations should pass those savings on to consumers,” White House spokesman Michael Kikukawa said in a statement. “The Administration is cracking down on exploitative and anti-competitive behavior in meat and poultry markets, supporting state law enforcement efforts to stop practices that raise food prices, and pursuing all available avenues to lower grocery prices for families.”

    The high grocery prices reflect a number of economic factors. The run-up in food costs began early in the pandemic, when supply-chain snarls and worker shortages collided with rampant demand for groceries. But more recent developments continue to keep prices high: Droughts and extreme heat have dampened production of fruits and vegetables. Dry spells in India and Thailand have curtailed sugar exports. And an ongoing avian flu outbreak, the largest in U.S. history, sent chicken and egg prices soaring, though egg prices fell after an initial spike.

    Higher wages at processing plants, warehouses and grocery stores have also added to costs. Meanwhile, Russia’s invasion of Ukraine in early 2022 prompted a spike in commodity prices for wheat, corn and vegetable oils that are finally settling back down.

    The White House Council of Economic Advisers also found in a new report that grocery store profit margins remain higher than their pre-pandemic levels.

    Donald Trump’s policies are poised to make grocery prices higher, not lower. The former president is campaigning on placing new tariffs on trillions of dollars of imports and mass deportations of undocumented immigrants, which would likely make costs significantly higher for domestic beef, chicken and dairy products."

    https://www.washingtonpost.com/business/2024/02/02/grocery-price-inflation-biden/
      August 15, 2024 4:04 PM MDT
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  • 34269
    Just because they planned and adjusted to changing economy does not mean they are gauging or anything else illegal.  

    But price controls are not good for the economy and are communistic. 
      August 15, 2024 4:13 PM MDT
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  • 3707
    But placing new tariffs on trillions of dollars of imports and mass deportations of undocumented immigrants, which would likely make costs significantly higher for domestic beef, chicken and dairy products - that's ok.  Do you really think that people here legally are going to pick fruits and veggies or work in the bowels of a meat processing plant?  Immigrants do the work no one else wants to do.  Do you even understand what you're saying?  

    "... just six firms control over 75 percent of the global seed and agrochemical market, and this number is set to drop to just four firms if the recently proposed agribusiness megamergers are given the green light by regulators. Only four firms control over 70 percent of the world’s trade in grain. And in the retail sector, the top four firms control over half of the US grocery market, with just one firm—Walmart—capturing a whopping 33 percent of that market. Most economists consider sectors in which the top four firms control more than 40–50 percent of the market to be uncompetitive.  

    https://direct.mit.edu/glep/article/17/3/151/14898/Concentration-and-Power-in-the-Food-System-Who

    Do you not realize what that means?  So little competition means they can charge whatever they want.  And they do. This post was edited by Spunky at August 15, 2024 6:06 PM MDT
      August 15, 2024 4:31 PM MDT
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  • 34269
    If we pay people a decent wage, they will do the job.   If we require work to get welfare...they will do the job. 


    Price controls do not fix prices.  If a company does not make money on a product they will not make as much of a product. 

    We discussed this before If Biden/Harris want to break up the food and other monopolies that would be good for the economy creating more competition.  

    Look at what has historically happened after price controls are integrated in a country it is not good.   The 
      August 16, 2024 5:10 AM MDT
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  • 3707
    OK have it your way.  Trump good; Harris bad.  Nothing I say will change your mind.  Nothing economists say, will make you see that higher tariffs on imported items will raise prices.  
      August 16, 2024 6:21 AM MDT
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  • 11106

    Well I have 2 things to say about Trump’s tariffs – Marco ------------------------ Polo. Trade has been a big part of countries economy for 100s of years. If I recall Trump put or threatened to put huge tariffs on products while he was in office and it didn’t work out so well. Cheers!

      August 15, 2024 4:51 PM MDT
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  • 34269
    Worked better than we have now.
      August 16, 2024 5:10 AM MDT
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  • 510
    Gender
      September 1, 2024 12:42 PM MDT
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  • 16777
    She's not a convicted criminal under indictment for several more. She's not been impeached, TWICE. She's not been bankrupt six times, and stiffed the employees every single time (Trump actually managed to bankrupt a casino, which takes a special type of ineptitude - those places are a licence to print money).
      September 1, 2024 11:51 PM MDT
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