Inflation

[willdup]

According to Katie Porter, record corporate profits are currently a historically outsized percentage of the contributing components of inflation when compared to past instances of high inflation.

Corporate profits are a good thing. Record profits driving high inflation are not. One can argue the ongoing corporate mergers of the last twenty years have reduced competition and made it far easier for corporations to drive these kinds of price increases.

How is Katie Porter wrong?

 

[3 Pete]

Fauci's net worth grew $5 million during the pandemic. No one was complaining about corporate profits then.

 

[3 Pete]

Cartels are making a fortune bringing people over the border. What about their excess profits?

 

[Opus X Dawg]

She’s wrong because the dems saved us from inflation by passing the inflation reduction act.

In the dems “evolving” reasons for inflation where are we? Trump’s fault!! No, wait…supply chain!!! No, wait…Putin!!! No wait, oil companies!!! No, wait…evil corporations!!!

Th finger is pointing everywhere but themselves because dem policy is as pure as the wind driven snow.

 

[d-dawg]

One cause of inflation is the price of gas. Brandon flipped the switch on oil production when he took office. He’s now begging the Saudi’s for more production and using strategic reserves to cover for his incompetence.

 

[Dirty Hairy Dawg]

Just a guess because I don't have time to get into it right now but I'd say scarcity would be the driver of corporate profits and also what is crushing small business. Also, if corps see a rough road ahead, they aren't reinvesting in expansion and saving the cash to weather the storm.

 

[sanforddawg11]

So we've got what hard left EPI says - boarded entirely by the likes of Keith Ellison , Robert Reich, Tom Perez. "While it asserts that it is nonpartisan for tax reasons, Economic Policy Institute has close ties to current and former Democratic Party officeholders."

Let's see what Morgan Stanley says. And then remember, we kept SPENDING.

Hard to take EPI data data or statements at face

 

[InsureDawg02]

In my small business we usually have a floating new vehicle/trade in policy of doing so every 4 years. We are putting that on hold and repairing what we have if needed. I am hearing the same thing from others. Maybe we are heading towards the end of this rediculousness.

 

[55dawg]

According to Katie Porter, record corporate profits are currently a historically outsized percentage of the contributing components of inflation when compared to past instances of high inflation.

Corporate profits are a good thing. Record profits driving high inflation are not. One can argue the ongoing corporate mergers of the last twenty years have reduced competition and made it far easier for corporations to drive these kinds of price increases.

How is Katie Porter wrong?

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Vote republican at midterms and 2024 if you want to straighten this mess out. Don’t think corporate structure is any different now than when Trump had us on track. The problem is Biden/dems.

 

[stray]

According to Katie Porter, record corporate profits are currently a historically outsized percentage of the contributing components of inflation when compared to past instances of high inflation.

Corporate profits are a good thing. Record profits driving high inflation are not. One can argue the ongoing corporate mergers of the last twenty years have reduced competition and made it far easier for corporations to drive these kinds of price increases.

How is Katie Porter wrong?

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If this sounds far-fetched, well, that’s because it is. This argument is both empirically untrue and obviously false in its very premises.

Firstly, the input costs facing businesses have actually increased significantly more than consumer prices. Just consider the below graph.

The red line is the Producer Price Index (PPI), which estimates the average input costs businesses are experiencing. Meanwhile, the blue line is the Consumer Price Index (CPI), which is an estimate of average consumer prices. Both have increased sharply since January 2021 (hmm, what else happened that month?), yet the PPI has actually increased more than the CPI. If businesses were truly engaging in rampant “price-gouging,” we would expect the opposite to be true.

Top Dem's inflation rant goes viral (but it's hilariously wrong)

Katie Porter just engaged in toddler-level economics to scapegoat corporations.

www.based-politics.com

 

[poorpreacher]

I am no expert on economics, and who is responsible for what. But I can tell you I paid almost $3 for a dozen eggs this week. Just plain ol, Grade A large, IGA generic eggs. They were half that a couple of years ago.

Whether that is due corporate greed or bad political policy, or both.....I'll let yall debate.

 

[stray]

I am no expert on economics, and who is responsible for what. But I can tell you I paid almost $3 for a dozen eggs this week. Just plain ol, Grade A large, IGA generic eggs. They were half that a couple of years ago.

Whether that is due corporate greed or bad political policy, or both.....I'll let yall debate.

Ahh...another victim of "big egg". Dems continue to scramble for someone to blame their incompetence on.

 

[PotimusWillie]

According to Katie Porter, record corporate profits are currently a historically outsized percentage of the contributing components of inflation when compared to past instances of high inflation.

Corporate profits are a good thing. Record profits driving high inflation are not. One can argue the ongoing corporate mergers of the last twenty years have reduced competition and made it far easier for corporations to drive these kinds of price increases.

How is Katie Porter wrong?

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You are quoting Katie Porter? Really?

The single biggest issue regarding inflation is the cost to the consumer. This process starts with raw materials and the cost to manufacture and move the products sold.

If a product costs 5 cents to make and 2 cents to transport to the consumer, and the distributor charges one cent profit, the consumer pays 8 cents.

The company profit margins must be maintained to maintain the company.

When the consumer is shut out of the market (pandemic), the result upon reopening stores is consumer purchasing.

When the raw cost of goods go up and the cost to transport the goods goes up, the cost to the consumer goes up.

The company margins must maintain levels to keep making the product and keep people employed.

When the consumer buys more of the product, company profits are up.

The root cause of inflation is the cost to make and transport goods.

Now, I do find it vulgar that Pfizer advertises on TV to get boosters using their product. The vaccine lie cost us a fortune and many profited greatly from it.

Katie Porter is a socialist. Of course she will attack the corporations. She would rather have gov controlled businesses and provide to the working class.

I don’t really care what a socialist politician from California has to say. She is the furthest thing from my free market America than I can think of.

She’s a liberal socialist politician. Am I suppose to be intimidated by her rhetoric?

Get the gov out of the way. Stop manipulating the energy market.

Have a good day will. But I just can’t even remotely agree.

 

[poorpreacher]

Ahh...another victim of "big egg". Dems continue to scramble for someone to blame their incompetence on.

 

[nice marmot]

Ahh...another victim of "big egg". Dems continue to scramble for someone to blame their incompetence on.

A+

personally, I buy farm fresh, so I am already paying $5 and don't mind a minute as I can look the farmer in the eye.

 

[stray]

A+

personally, I buy farm fresh, so I am already paying $5 and don't mind a minute as I can look the farmer in the eye.

 

[Athens is Heaven]

A+

personally, I buy farm fresh, so I am already paying $5 and don't mind a minute as I can look the farmer in the eye.

Organic lover I see.

 

[-lowcountrydawg]

According to Katie Porter, record corporate profits are currently a historically outsized percentage of the contributing components of inflation when compared to past instances of high inflation.

Corporate profits are a good thing. Record profits driving high inflation are not. One can argue the ongoing corporate mergers of the last twenty years have reduced competition and made it far easier for corporations to drive these kinds of price increases.

How is Katie Porter wrong?

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Comical misunderstanding of basic economics. Come on you are smarter than this.

i will make it easy for everyone to understand.

1) Gov prints money and puts it in the hands of the consumer. Hint : 1.9 Trillion round 2 Covid relief after Covid was pretty much done.

2) Consumer has more money than ever, and buys a ton of shit they don’t need AT MARKET PRICING (hint we are a capitalist country) from Amazon.

3) Amazon reports record profits.

it is that simple. Although due to this absolutely ridiculous policy the share prices of all these companies are in the tank now because the fed is over-correcting from their own and more so the democrat controlled governments mistakes.

 

[cherrydawg]

According to Katie Porter, record corporate profits are currently a historically outsized percentage of the contributing components of inflation when compared to past instances of high inflation.

Corporate profits are a good thing. Record profits driving high inflation are not. One can argue the ongoing corporate mergers of the last twenty years have reduced competition and made it far easier for corporations to drive these kinds of price increases.

How is Katie Porter wrong?

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LOL you will suck down any bull skate some dimwit spews if it gives you cover for being a dim voters. LOL you fellas make fools of yourselves daily.

 

[sanforddawg11]

 

[Athens is Heaven]

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And the government does not make money except they spend other people’s money like the tax payers.

 

[SnoopDawg205]

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Said even more simply by Jim Clyburn. It is just plain common sense.

 

[Dawg 'n IT]

Comical misunderstanding of basic economics. Come on you are smarter than this.

i will make it easy for everyone to understand.

1) Gov prints money and puts it in the hands of the consumer. Hint : 1.9 Trillion round 2 Covid relief after Covid was pretty much done.

2) Consumer has more money than ever, and buys a ton of shit they don’t need AT MARKET PRICING (hint we are a capitalist country) from Amazon.

3) Amazon reports record profits.

it is that simple. Although due to this absolutely ridiculous policy the share prices of all these companies are in the tank now because the fed is over-correcting from their own and more so the democrat controlled governments mistakes.

Thank you.

She used the old oversimplification play to show a chart and make very high level statements to appeal to the common person's limited understanding of the topic only to make whatever point apply without question to the entire complexity of the situation.

Record corporate profits is probably true, but no one said every corporation had record profits. Amazon and others did have record highs because even without the Covid relief, the people largely turned to Amazon while stores were shuttered during the pandemic for as many basic needs as possible. Heck, I already had standard household goods on Subscribe and Save even before Covid-19 to save time and money over getting those items at a brick and mortar. Once lockdowns ended, many continue to use Amazon for more things than they did before the pandemic.

The richest largely got richer during the pandemic but the media focus has almost exclusively been on individual wealth gains rather than businesses large and small. I mean how many businesses shutdown forever?

 

[Georgia Jim]

Said even more simply by Jim Clyburn. It is just plain common sense.

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Yet...during the Great Recession Clyburn was on record as saying " We are going to have to Spend our way out of this Recession " Must of had a Epiphany sometime in the last 15 years...

 

[agentorange70]

so if for the last 20 years corporations have been unfairly getting profits, then that means 10 of those years it was under a democratic president,...why didnt democrats do anything under there watch?

what were they thinking?

every time i order food from an ipad or kiosk in a restaurant in a liberal state, i think to myself this robot is replacing someones job because it was demanded they get 20 dollars an hour from a chorus of idiots

 

[SnoopDawg205]

Yet...during the Great Recession Clyburn was on record as saying " We are going to have to Spend our way out of this Recession " Must of had a Epiphany sometime in the last 15 years...

Good point, though I don't think he had an epiphany. In that interview he doesn't say that he thinks we should stop spending, he just acknowledges that higher spending brings on inflation, but that the inflation is worth it. I was simply sharing that interview to show something that everyone knows, even ardent democrats - pump money into the economy and inflation will go up.

 

[Georgia Jim]

Good point, though I don't think he had an epiphany. In that interview he doesn't say that he thinks we should stop spending, he just acknowledges that higher spending brings on inflation, but that the inflation is worth it. I was simply sharing that interview to show something that everyone knows, even ardent democrats - pump money into the economy and inflation will go up.

My last sentence was tongue in cheek...The Demwits answer is always print and spend more money to buy votes and keep power...total disregard for long term consequences...

 

[Zonadog]

Cartels are making a fortune bringing people over the border. What about their excess profits?

Their efforts to traffic fentanyl and other street drugs, and illegal arms trade are more profitable to the cartels. Human trafficking to a lesser degree. They have expanded their geographic footprint in US cities to expand their money makers.