It's her debut policy.
She's as terrible at this as the policy is terrible.
I mean, they predicted a $100 million loss, so it wasn't THAT bad, right?
Jeff Bezos paid $250 million for WaPo in 2013.
But I don't think $77 million really matters to Jeff Bezos.
Sum ting else wong.
The whole thing makes sense, which is surprising coming as it does from The Washington Post, which ends this way:
[Even] her [good] ideas would cost money, yet she insisted in her speech that she would hold to President Joe Biden’s pledge not to raise taxes on any household earning $400,000 or less annually. That excludes 80 percent of taxable income, and does not take into account the recent surge in families earning over $400,000. The Harris campaign says it plans to raise revenue to cover these costs but did not provide specific offsets in its economic plan rollout. Without them, Ms. Harris’s full plan would add $1.7 trillion to federal deficits over a decade, according to the Committee for a Responsible Federal Budget, a nonpartisan budget watchdog.
To be sure, every campaign makes expensive promises that will never come to pass, especially with a divided Congress. Remember Mr. Biden’s pledge to make community college free? Even adjusted for the pandering standards of campaign economics, however, Ms. Harris’s speech Friday ranks as a disappointment.
Wow.
What's that old saying, When you're a liberal and you've lost The Washington Post, you've already lost?
Well ......................................................................................... is the Democrat Party still liberal though?
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.
The number of protesters chanting and bearing banners and signs drawing attention to Israel’s military offensive on Gaza outnumbered the party loyalists at the Harris-Walz rally.
-- Politico.
In early 2016, Tim Walz sat down with CSPAN for a bipartisan discussion about his opposition to President Barack Obama's push to reduce troop levels overseas. To begin the panel, the host introduced Walz -- at the time in his fifth term as a U.S. representative -- in part by incorrectly outlining his military service.
"Enlisted in the Army National Guard at 17 and retired 24 years later as Command Sergeant Major," she said of Walz, "and served with his battalion in Operation Enduring Freedom in Afghanistan."
Walz nodded in agreement at that statement -- despite the fact that, according to military records and his own admission, he had never served in Afghanistan. ...
These inaccuracies, which at times went uncorrected, include Walz not denying the statement that he served in Afghanistan, and Walz repeatedly saying that he retired with a rank he achieved but did not retire with, as well as an instance in 2018 of Walz claiming that he carried weapons of war "in war," about which the Harris-Walz campaign said that he misspoke. ...
Walz appears to have been aware prior to his retirement that his unit was under consideration for deployment. ...
In the National Guard, Walz began serving as command sergeant major, a leadership position, in 2004, and was officially appointed to the role in April 2005, shortly before he retired from service, according to a statement from Army Col. Ruan Cochran. However Walz did not remain in the role long enough to keep the title in retirement.
Still, Walz repeatedly referred to himself as a "retired command sergeant major" for years.
-- ABC News
Overall CPI inflation was 2.96% year over year in . . . June 2023.
In July 2024 it's 2.89%.
What a joke.
GIVE ME A BREAK.
Gold prices hovered near record highs on Wednesday, steered by hopes of U.S. interest rate reduction and persistent Middle East tensions, while the spotlight shifted to U.S. inflation data. Spot gold was up 0.2% to $2,469.35 per ounce, shy of the record high of $2,483.60 scaled last month. U.S. gold futures steadied at $2,508.40.
More.
The gold price averaged $612.56 in 1980 according to Kitco. Adjusted for CPI inflation that would be about $2,327.10 in June 2024. So . . . gold is holding its value . . . relative to the high prices of 1980.
But there were more opportune times to buy gold than now.
See an inflation-adjusted price chart here.