Vice President Kamala Harris lays out economic policy in North Carolina speech LIVE today

a reply to: Flyingclaydisk

The US does not exist in a vacuum. Every country in the world had its economy disrupted by COVID. The US has had one of, if not the best, recovery.

a reply to: Threadbarer

No argument, but that's not the point of this discussion. Covid is over, and it has BEEN over for nearly 3 years. Time to move on. No using covid as an excuse anymore!

a reply to: Flyingclaydisk

I agree. There's no reason for these corporations to still be charging these prices. Sounds like Harris has a plan to get them to charge prices commensurate with our economic recovery.

What has Trump proposed to combat greedflation?

originally posted by: Flyingclaydisk
a reply to: Threadbarer

No argument, but that's not the point of this discussion. Covid is over, and it has BEEN over for nearly 3 years. Time to move on. No using covid as an excuse anymore!

I think that’s fair as long as we get to apply it across the board.

Neither Trump or Biden should be able to use it as a pass for their spending and the inflation it caused.

It was astronomical, and most of it was unnecessary.

Both presidents have done more damage to the economy in on term than most in modern history.

I imagine Harris would follow suit in that.

It’s just a shame there isn’t a viable choice for a fiscally sound administration.

a reply to: RazorV66

It actually is possible.....if you're eating Ramen 3 times a day. Funny how the average family is spending almost $1000 a month extra because of this administration, but that one can feed 3 on $100 a week.

FCD is a rancher and has probably never seen a pile of BS that big.

a reply to: Threadbarer

So, price controls then, right?

The last president to try that in this country was Nixon, and look what happened then! At least you had government cheese to eat while you waited in line for 4 hours at the gas pump. Maybe throw back a few generic beers to drown your sorrows while you wait also. Yummy!

In other words, it was one of the worst things you can do to an economy. Yep, and Nixon was a republican too.

a reply to: Flyingclaydisk

Nixon was a socialist?!😳

a reply to: Threadbarer

I do like that term though..."greedflation".

There is definitely some truth in that, no doubt.

However, I say let competition drive the market, not artificial government meddling.

I am already consciously avoiding manufacturers who still think covid level pricing is okay. It's not okay...AT ALL! Unfortunately, Harris won't help me in the areas where people are still charging stupid prices, and do you know why? Because inflation has driven up their production costs. I'm mad as a bag full of hornets over livestock feed prices, and I'd love to say it's 'greedflation' causing them but it's not. It's high fuel and energy prices which are causing them. AND, because I don't fit into Harris' definition of "Middle Class", she has NO intention of helping me. None, zero, nada.

You see, Harris thinks I'm "Rich" (even though I'm barely making ends meet)...so I should pay MORE! But if I sold off the ranch and got rid of all the livestock, quit my day job and went on welfare, well, then she'd help me...maybe.

We paid everything off (property, homes, everything). If we hadn't done that three years ago, I'd be in the poor house right now because I couldn't afford all that on top of all the elevated prices for everything.

A couple things...

1. Democrats are continually redefining what "Middle Class" means. In their lexicon, 'Middle Class' means anything not below "Poverty" levels. This is NOT middle class! In 1970 the "Middle class" was defined as $20.6k - $59.9k. By 2020, democrats had redefinded this to $29.9k - $90.1k. So the upper threshold of middle class went up over $30k, but the lower threshold only went up $9k. Now, Harris is defining middle class as $29k and above. This skews the definition of middle class heavily to the lower income brackets, and leaves people who are truly ‘middle class’ out of all these “Middle class” initiatives Harris talks about.

This is how she can get away with saying she's helping the middle class when in fact she's actually 'hurting' the real middle class.

2. When Harris says she's going to reduce prices on common goods and necessities to the 'middle class', what she means is...she's going to remove the tariffs Trump put on imported goods from places like China and others. So, what this means is, some prices may go down, but hundreds of thousands will also lose jobs too...so net incomes will fall. Everyone will be poorer, and many more will be homeless.

She's going to sacrifice American businesses so she can save the Middle, erm, Poverty class. This does nothing to help our economy. Sure, it helps those in needs, but I'd rather help them by just paying the difference in social assistance programs (for the deserving, mind you, NOT illegal aliens).

Bottom line - The reality here is, with the middle class being re-defined with median income so low, now the real middle class are being considered the "Rich"...and we all know what this means to democrats, right? ... "The Rich don't pay their fair share!!! Bring on the tax man!!"

So, don't misunderstand this "Middle Class" verbiage. The true middle class are going to be punished, not helped! YOUR taxes are going to go UP, not down. YOU, are the enemy, Rich people (formerly known as "Middle Class")!!

So the same party people that believed Mar-a-Lago is only worth $18m...is going to be arbitrarily placing value on everything we buy, sell and own?

originally posted by: Threadbarer
a reply to: Flyingclaydisk

I agree. There's no reason for these corporations to still be charging these prices. Sounds like Harris has a plan to get them to charge prices commensurate with our economic recovery.

What has Trump proposed to combat greedflation?

LOL sure there is, transportation and shipping costs affect every industry, and costs of goods and materials do as well. By accounts this admin has just now started to rebuild our strategic oil reserves, they used to lower gas prices artificially.

Shipping costs spiked in April even on routes not through the Red Sea, forcing price freezes on businesses that survive off international shipping will kill those businesses

www.xeneta.com...

Emily Stausbøll, Xeneta Senior Shipping Analyst, said: “There are numerous reasons for these rate increases, and the speed at which it has happened has caused nervousness in the market.

“Demand reached record levels in Q1 2024, up by 9.2% compared to Q1 2023, and comes at a time when the Red Sea situation is putting increased pressure on shipping capacity.

“But significantly, this is all taking place while the chaos of port congestion and lack of available capacity during the Covid-19 pandemic is still fresh in the memory of shippers.

“Lessons will have been learned from the pandemic. If shippers fear there is going to be a squeeze on capacity during the peak season in Q3 then they are going to start importing more goods now.

“If these increased volumes need to be moved on the spot market then it is going to put upwards pressure on rates.

www.atsinc.com...

Why Are Container Rates Rising?
According to data reported by the Drewry World Container Index on June 20, 2024, the average weekly price for a 40’ container was $5,117. That's a 233 percent increase compared to the same week in 2023, and a 260 percent increase over the average 2019 rate of $1,420.

Rates spiked as we entered Q1 of 2024 largely due to conflicts in the Red Sea, but when they began to decline in early spring — albeit to a level still some $1,200 higher than they were in June 2023 — the industry was hopeful things would soon even out.

Those hopes now appear to be dashed, as Q3 of 2024 sees rates climbing once again.

A price increase of this nature is enough to leave both shippers and transportation companies with questions as to how we got here.

Four factors that have affected container pricing worldwide are:

Global events
Port productivity
High demand
Shipper behavior

If you overregulate and force lower prices companies will lay off people and some will no doubt sooner or later close. Some industries will leave the country.

mostly if Kamala has answers and was essential to the Biden administration why did she wait 4 years to use her powers on the economy?

There are plenty of indicators that the economy is floating on an aerospace and defense bubble, as much as anything else.

Price fixing would only help the giant corporations who can get better deals because of buying in bulk.

You may want to support :your local mom and pop even though it costs a little more and a lot of people do that but the corporate elites don't like that so they'll just make it illegal for anyone to survive other than the big boys.

Amazing to me how screwed up the average Democrat is. They hate the rich. They hate corporations. They're the ones that spend extra money to feel like a good person. Yet they vote for the Democrats.

Wake up lefties. You're voting for the very things you hate.

IRONY - Socialist Bernie Sanders supports Harris' price fixing plan for the economy.

Surprised?

originally posted by: Threadbarer
I'll wait to hear what the experts say.

Why does that not surprise me. LO flippn L

I wonder if a Kamala administration will fight this so-called price gouging by biased price-fixing.

What is to stop them from saying gasoline-powered cars are over-valued, but electric-powered cars are under-valued?

What is to stop them from saying that homes in your area should be sold for less?
Or, that your car is worth a lot less than you're asking for it?

Essentially, we would be putting them in charge of determining our personal fiscal equity based upon their personal politics.

originally posted by: CarlLaFong
I wonder if a Kamala administration will fight this so-called price gouging by biased price-fixing.

What is to stop them from saying gasoline-powered cars are over-valued, but electric-powered cars are under-valued?

What is to stop them from saying that homes in your area should be sold for less?
Or, that your car is worth a lot less than you're asking for it?

Essentially, we would be putting them in charge of determining our personal fiscal equity based upon their personal politics.

What's to stop them?

Nothing.

a reply to: Flyingclaydisk

It'll be same as when Obama Administration shut down car dealerships that didn't donate to his campaign.

a reply to: 5thHead

The real problem is, they're torpedoing THEMSELVES!!

At the end of the day, THEY will be the ones hurt the worst. And all the people "skating" for free, but not working, will be the winners.

edit - That's not 'irony', that is just sad and unfortunate. People who blindly follow and elect these people are going to be the ones hurt the worst by these policies. It's foolishness.

originally posted by: xuenchen
Man she's really suggesting the current Biden policies are useless failure lol lol 🤣🤣🤣🤣

Can't wait for the details in writing 😀

I'm sure Kamala is eager to see them too. 😃

originally posted by: Flyingclaydisk

originally posted by: CarlLaFong
I wonder if a Kamala administration will fight this so-called price gouging by biased price-fixing.

What is to stop them from saying gasoline-powered cars are over-valued, but electric-powered cars are under-valued?

What is to stop them from saying that homes in your area should be sold for less?
Or, that your car is worth a lot less than you're asking for it?

Essentially, we would be putting them in charge of determining our personal fiscal equity based upon their personal politics.

What's to stop them?

Nothing.

Exactly.
It's the other side of this coin.
They can easily politically weaponize this to further their own power-seeking agenda.
Your home in this red state is worth less than you want.
Your home in this blue state is worth more.

Your electric vehicle is more valuable than your neighbor's gas-powered car.
That's just the beginning.
Those foods we don't want you to eat will stay expensive.
Those we want you to eat will be cheap.