Monday, August 19, 2024
Democrats profiting off the little guy: Corporate profits at 12% under Bidenflation have been much better than under Trump at 4%
Friday, August 16, 2024
Catherine Rampell at WaPo, who is no friend of the right: It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is, a bunch of communist, economic gibberish
It’s hard to exaggerate how bad this policy is.
It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food.
Supply and demand would no longer determine prices or profit levels.
Far-off Washington bureaucrats would.
The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.
At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.)
At worst, it might accidentally raise prices. ...
If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls. We already have plenty of economic gibberish . . ..
-- WaPo
https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/
Harris is 0-2.
She picked a terrible VP who is as far to the left as she is.
Now her first policy announcement is a throwback to the 5-year plans of the USSR.
Extremely inauspicious.
Thursday, August 15, 2024
Wednesday, May 15, 2024
Tuesday, October 10, 2023
The gas and electric utility Consumers Energy here in Michigan is price gouging under Green Energy Joe, yours probably is too
Compared to November 2020, my new budget plan payment for combined natural gas and electric for the coming winter will be 42% higher than it was three years ago, despite the fact that natural gas prices have normalized almost to the penny.
Electricity is up 25% since Green Energy Joe got elected and isn't coming down, but that can't account for it since I consume far less electricity than natural gas on an average basis. More than 65% of my energy consumption in kWh is from natural gas in the last year, as it is every year, less than 35% is from electricity.
A 25% increase to 35% of my old bill would result in a total payment today less than 9% higher. Instead it's 42% higher.
Remember that the utility uses natural gas to generate the electricity, too, and it's paying normal prices today for the gas, not the inflated prices of the recent past.
There's no excuse for the extra cost I'm paying.
The utility is price gouging.