Official LRC President Joseph R Biden Thread

Right wing Randee wrote:

Much of the remaining high prices is because of corporate greed. It has zero to do with Biden's spending bill from 2021. How do I know? Because I am guilty of it.

Here is my anecdotal. My company imports and sells. We raised prices because everything was going up in 2020. Containers jumped to 26,000 each from 10,000. (did Biden cause that one too?). So we raised prices very high.

But now import prices have dropped to where they were in 2019 (Inflation adjusted).

Guess what?

My company and others in my industry are not giving away these profits. We have no reason to roll back prices because the market has accepted this new pricing. And we are making boatloads of money. This story can be spread all over the economy.

None of this has anything to do with Biden or Trump. It is corporate greed.

So are you claiming Trump is going to step in to stifle corporate greed? That is a rich one.

Isn't that called socialism if he did?

WinstonSmith wrote:

Right wing Randee wrote:

Much of the remaining high prices is because of corporate greed. It has zero to do with Biden's spending bill from 2021. How do I know? Because I am guilty of it.

Here is my anecdotal. My company imports and sells. We raised prices because everything was going up in 2020. Containers jumped to 26,000 each from 10,000. (did Biden cause that one too?). So we raised prices very high.

But now import prices have dropped to where they were in 2019 (Inflation adjusted).

Guess what?

My company and others in my industry are not giving away these profits. We have no reason to roll back prices because the market has accepted this new pricing. And we are making boatloads of money. This story can be spread all over the economy.

None of this has anything to do with Biden or Trump. It is corporate greed.

So are you claiming Trump is going to step in to stifle corporate greed? That is a rich one.

Isn't that called socialism if he did?

The initial price jump cannot happen without the inflation that Biden created.

WinstonSmith wrote:

Right wing Randee wrote:

Much of the remaining high prices is because of corporate greed. It has zero to do with Biden's spending bill from 2021. How do I know? Because I am guilty of it.

Here is my anecdotal. My company imports and sells. We raised prices because everything was going up in 2020. Containers jumped to 26,000 each from 10,000. (did Biden cause that one too?). So we raised prices very high.

But now import prices have dropped to where they were in 2019 (Inflation adjusted).

Guess what?

My company and others in my industry are not giving away these profits. We have no reason to roll back prices because the market has accepted this new pricing. And we are making boatloads of money. This story can be spread all over the economy.

None of this has anything to do with Biden or Trump. It is corporate greed.

So are you claiming Trump is going to step in to stifle corporate greed? That is a rich one.

Isn't that called socialism if he did?

The initial price jump cannot happen without the inflation that Biden created.

agip wrote:

WinstonSmith wrote:

Inflation doesn't just go away without deflation.

Prices went WAY up and inflation has been happening every year.

The ridiculous prices are now baked in.

If wages rise along with prices as normally happens with inflation this isn't an issue.

However, wages haven't kept pace with inflation so most people are really feeling it at the grocery store.

Democrats say the 75% of the country that says the economy isn't doing well is just too stupid to know how good they have it. In reality, 75% of the country knows they are paying more for less.

hah

wages have MORE than kept up with inflation.

Your right wing tik tok news sources won't tell you that but wages have outpaced inflation.

And anyway, find a new thing to whine about. Grocery prices have been falling all year.

Falling prices at the grocery store are gaining momentum as May marked the fourth month in a row with a lower food-at-home index as measured by the Labor Department.
Grocery prices appear to have hit their peak in the current inflation cycle and are now deflating, dropping since January.
The price of flour dropped 1.7 percent in May, rice and pasta fell by 1.6 percent, beef roasts dropped 2.6 percent and eggs dropped 0.4 percent. The price of select condiments fell by as much as 6 percent.

Link:thehill.com/business/4718160-inflation...

WinstonSmith wrote:

agip wrote:

hah

wages have MORE than kept up with inflation.

Your right wing tik tok news sources won't tell you that but wages have outpaced inflation.

And anyway, find a new thing to whine about. Grocery prices have been falling all year.

Falling prices at the grocery store are gaining momentum as May marked the fourth month in a row with a lower food-at-home index as measured by the Labor Department.
Grocery prices appear to have hit their peak in the current inflation cycle and are now deflating, dropping since January.
The price of flour dropped 1.7 percent in May, rice and pasta fell by 1.6 percent, beef roasts dropped 2.6 percent and eggs dropped 0.4 percent. The price of select condiments fell by as much as 6 percent.

Link:thehill.com/business/4718160-inflation...

So prices doubled and you're trying to spike the football over the price of mustard coming down 6%?

Are you serious?

Link:www.statista.com/statistics/1351276/wa...

Inflation exceeded wage growth from April of 2021 through January of 2023.

Wage growth exceeded inflation for the past year or so but wages are declining while inflation is sitting steady.

Everyone is still paying more for less in July 2024.

WinstonSmith wrote:

Right wing Randee wrote:

Much of the remaining high prices is because of corporate greed. It has zero to do with Biden's spending bill from 2021. How do I know? Because I am guilty of it.

Here is my anecdotal. My company imports and sells. We raised prices because everything was going up in 2020. Containers jumped to 26,000 each from 10,000. (did Biden cause that one too?). So we raised prices very high.

But now import prices have dropped to where they were in 2019 (Inflation adjusted).

Guess what?

My company and others in my industry are not giving away these profits. We have no reason to roll back prices because the market has accepted this new pricing. And we are making boatloads of money. This story can be spread all over the economy.

None of this has anything to do with Biden or Trump. It is corporate greed.

So are you claiming Trump is going to step in to stifle corporate greed? That is a rich one.

Isn't that called socialism if he did?

The initial price jump cannot happen without the inflation that Biden created.