Kathianne
08-16-2024, 12:48 PM
Gotta Love it,
“When your opponent calls you ‘communist,’ maybe don’t propose price controls?”
https://townhall.com/tipsheet/mattvespa/2024/08/16/even-this-washington-post-columnist-knows-harris-screwed-up-here-n2643480
Best stuff in areas not c & p.
Even This Washington Post Columnist Knows Harris Screwed Up HereMatt Vespa
|
August 16, 2024 7:00 AM
AP Photo/Matt Rourke
It’s frustrating that Kamala Harris hasn’t done an interview since she ripped the 2024 Democratic nomination from Joe Biden, thanks to the combined efforts of donors, Nancy Pelosi, and the party bosses. But we can also see why her campaign keeps her away from the media. She’s an atrocious candidate, and if this is how she’s going to respond when someone calls her an extreme leftist—you can bet her team will keep her in the bunker for a while longer.
The headline of this Washington Post opinion piece couldn’t be more appropriate or hilarious: “When your opponent calls you ‘communist,’ maybe don’t propose price controls?” Catherine Rampell did not mince words when Harris rolled out a Soviet-style proposal to combat supposed price-gouging at the grocery stores:
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.
That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.
“When your opponent calls you ‘communist,’ maybe don’t propose price controls?”
https://townhall.com/tipsheet/mattvespa/2024/08/16/even-this-washington-post-columnist-knows-harris-screwed-up-here-n2643480
Best stuff in areas not c & p.
Even This Washington Post Columnist Knows Harris Screwed Up HereMatt Vespa
|
August 16, 2024 7:00 AM
AP Photo/Matt Rourke
It’s frustrating that Kamala Harris hasn’t done an interview since she ripped the 2024 Democratic nomination from Joe Biden, thanks to the combined efforts of donors, Nancy Pelosi, and the party bosses. But we can also see why her campaign keeps her away from the media. She’s an atrocious candidate, and if this is how she’s going to respond when someone calls her an extreme leftist—you can bet her team will keep her in the bunker for a while longer.
The headline of this Washington Post opinion piece couldn’t be more appropriate or hilarious: “When your opponent calls you ‘communist,’ maybe don’t propose price controls?” Catherine Rampell did not mince words when Harris rolled out a Soviet-style proposal to combat supposed price-gouging at the grocery stores:
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.
That’s because, among other things, the legislation would ban companies from offering lower prices to a big customer such as Costco than to Joe’s Corner Store, which means quantity discounts are in trouble. Worse, it would require public companies to publish detailed internal data about costs, margins, contracts and their future pricing strategies. Posting cost and pricing plans publicly is a fantastic way for companies to collude to keep prices higher — all facilitated by the government.