2024 Election

An awesome friend texted me a tweet. I am glad he did. It is a great example of how someone will tweet something and some folks will believe it hook, line and sinker with no clue who the person is tweeting it or if facts are involved.

“People need to stop overreacting about Kamala’s plan to reduce food inflation, as if it would lead to communism, mass starvation, and the end of America.”

Robert Sterling

“Robert worked in various M&A roles at Koch Industries and Cargill, America’s largest private companies.”

How Dark Money Flows Through the Koch Network

The Federalist

Cargill posts record annual revenue of $177B, the most of any U.S. private company

Step 1 “The government announces that grocery retailers aren’t allowed to raise prices” is not part of Harris’ plan

Rather, it calls for the FTC to investigate companies engaged in illegal price gouging with a focus on food, gas and other necessities

Kamala Harris Rolled Out An Ambitious Economic Plan. Here’s What’s In It

“While light on details of how it would work, Harris’ proposal to impose the first-ever federal ban on price gouging in grocery stores is designed to draw voters’ attention. Harris said she would authorize the Federal Trade Commission (FTC) to levy substantial fines against grocery chains that implement “excessive” price hikes. The campaign declined to share additional information, such as how Harris defines price gouging and excessive profits, and whether the proposal would require working with Congress to pass legislation.

“My plan will include new penalties for opportunistic companies that exploit crises and break the rules,” Harris said. “We will support smaller food businesses that are trying to play by the rules and get ahead. We will help the food industry become more competitive, because I believe competition is the lifeblood of our economy. More competition means lower prices for you and your families.””

“2. Grocery stores, which operate on 1-2% net margins, can’t survive if their suppliers raise prices. So the government announces that food producers (Kraft Heinz, ConAgra, Tyson, Hormel, et. al.) also aren’t allowed to raise prices.”

“Nothing about what Kamala Harris actually proposed does anything that post suggests it does. It’s a strawman. She wants antitrust reforms and stricter penalties for illegal price gouging on food, not price controls.”

Kamala Harris Says She’d Fight ‘Price Gouging’ and Soaring Grocery Store Prices Within Her First 100 Days in Office

“‘There’s a big difference between fair pricing in competitive markets and excessive prices unrelated to the costs of doing business.'”

“As TIME additionally reported, Harris specifically plans to call out the American meat industry and meat processors as “particularly egregious” price fixers. The statement from her campaign read in part, “Soaring meat prices have accounted for a large part of Americans’ higher grocery bills, even as meat processing companies registered record-breaking profits following the pandemic.”

The proposed policy would also see officials more carefully scrutinize large food company mergers — likely including those like the Mars acquisition of ​​Kellanova — and whether those mergers would result in higher prices for consumers.”

David Limbaugh

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