It is sad that Jake Tapper KNOWS his US Civics and still says this. Cory Booker explained it to him.
This upcoming Holiday Weekend if you are sitting around a picnic table eating Bar-B-Cue and Tater salad and someone remarks “Biden had 4 years to fix stuff” please give them a lesson in CIVICS 101.
“These buyers often come armed with the kind of financial firepower ordinary Americans can’t hope to match, housing experts say.”
So when Democrats try to pass a bill, say to stop Hedge Fund Managers from buying houses by outbidding prospective Homebuyers,
“Democrats Have a Plan to Shake Up the Housing Market Published Dec 08, 2023 at 4:59 PM EST”
“A bill being introduced to Congress will prohibit hedge funds and other institutional investors from buying single-family homes.
The bill comes as housing supply continues to dry up in the U.S. with prices climbing 20 percent since 2021. Low housing supply is driving up prices, and hedge funds are partly to blame for that, according to the bill’s sponsors, U.S. Senator Jeff Merkley (D-OR) and Representative Adam Smith (D-WA).
This week, Merkley and Smith introduced the bill, the End Hedge Fund Control of American Homes Act of 2023, which takes aim at hedge funds and private equity firms that have snapped up single-family houses as investment properties.”
What happened to that bill?
https://www.govtrack.us/congress/bills/118/s3402
“Dec 5, 2023
Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.”
Please explain to your friends/kinfolks what a Filibuster is in the Senate.
It dies in the Senate because 10 Republicans will not join the 50 Democrat Senators to break the filibuster.
“Mar 24, 2022 Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.”
And Died.
But David, what about the price of groceries?
So Why are Groceries So Expensive David?
“Kroger, which operates Food 4 Less and Ralphs, reported $732 million in net income in the second quarter of this year, up 43% from the same time in 2021.”
““There’s a proposed merger between Kroger and Albertsons, which will reduce competition even more than in the supermarket industry,” said Gin. “And so there’s some worry there that that would contribute to keeping prices at these high levels.”
“Kroger has said it actually plans to reduce prices under the merger.”
“It’s not just grocery stores – fast food restaurants are also posting some large profits as well.
Both Chipotle and McDonald’s reported higher-than-expected earnings. Chipotle has raised prices 13% over the past year, while its profits jumped more than 11% compared to last year.
McDonald’s menu prices are also up, and so are its profits in the United States.”
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