Politics It's the economy, stupid! Gas, healthcare, & chickens! (1 Viewer)

[TradeNurkicNow]

I love that wall street and corporatist oligarchs are the new allies of the left. War profiteers and BlackRock are good friends to have.

The Dems, not the left. The Dems. Don't lump the left in with those snakes.

And yeah there's nothing remarkable about this. Immigration is good for the neoliberal economy. Tariffs are bad.

Don't get it twisted, if it was any normal republican running for president, this wouldn't be a headline.

 

[Shaboid]

While economists struggle to agree on many policies, there are some they coalesce around. When asked if giving the President more direct influence over monetary policy would lead to substantially worse monetary policy decisions, 94% agreed. Similarly, 95% agreed that imposing tariffs results in significant price increases in tariffed goods, borne by consumers of the imposing country. Lastly, 83% don’t believe price gouging is the cause of high food prices.

 

[BigGameDamian]

 

[MickZagger]

Trumpster’s want you to believe price gouging is some made up phenomenon.

 

[barfo]

Just to be argumentative...

The first 3, Chipotle, Starbucks, and McDonalds. Replacements for their products are widely available and often cheaper and tastier.
If people are choosing to pay their high prices, well, that's entirely their choice.

Shell is a bit different. Certainly there's no simple replacement for gasoline if you own an ICE vehicle. And while you can buy gas from a different vendor, the prices tend to be very similar. Price fixing may be a more relevant issue here. Also, Shell does a lot more than just sell gasoline, and without looking into it more closely than an internet meme, it's hard to know if their profit increased due to gas pricing or some other aspect of their business.
Plus - 60% increase over what time period?

barfo

 

[Phatguysrule]

Just to be argumentative...

The first 3, Chipotle, Starbucks, and McDonalds. Replacements for their products are widely available and often cheaper and tastier.
If people are choosing to pay their high prices, well, that's entirely their choice.

Shell is a bit different. Certainly there's no simple replacement for gasoline if you own an ICE vehicle. And while you can buy gas from a different vendor, the prices tend to be very similar. Price fixing may be a more relevant issue here. Also, Shell does a lot more than just sell gasoline, and without looking into it more closely than an internet meme, it's hard to know if their profit increased due to gas pricing or some other aspect of their business.
Plus - 60% increase over what time period?

barfo

Well my kids think that Chipotle is the perfect meal. There is no close replacement.

We don't eat it very often, but as far as they are concerned that is the perfect food.

 

[MickZagger]

Just to be argumentative...

The first 3, Chipotle, Starbucks, and McDonalds. Replacements for their products are widely available and often cheaper and tastier.
If people are choosing to pay their high prices, well, that's entirely their choice.

Shell is a bit different. Certainly there's no simple replacement for gasoline if you own an ICE vehicle. And while you can buy gas from a different vendor, the prices tend to be very similar. Price fixing may be a more relevant issue here. Also, Shell does a lot more than just sell gasoline, and without looking into it more closely than an internet meme, it's hard to know if their profit increased due to gas pricing or some other aspect of their business.
Plus - 60% increase over what time period?

barfo

 

[MickZagger]

Lina Khan is my hero

 

[BigGameDamian]

 

[Phatguysrule]

Pretty much what I expected of Newsom... I now know that I would not support him for a national office.

 

[THE HCP]

Who are we blaming for these cheap ass gas prices FAMS!?!?

 

[Phatguysrule]

Who are we blaming for these cheap ass gas prices FAMS!?!?

 

[THE HCP]

Well my kids think that Chipotle is the perfect meal. There is no close replacement.

We don't eat it very often, but as far as they are concerned that is the perfect food.

EASILY the number 1 option of teen female athletes.

 

[e_blazer]

Pretty much what I expected of Newsom... I now know that I would not support him for a national office.

(Unless he’s running against Trump).

 

[PCmor7]

(Unless he’s running against Trump).

Yeah. Never say never. Your protest vote could actually benefit the greater of evils.

 

[SlyPokerDog]

 

[Phatguysrule]

(Unless he’s running against Trump).

Well true. But then I'd be voting against Trump, not being supportive of Newsom.

It's a fine line, but I'm not ashamed to make that distinction.

 

[THE HCP]

And the aftermath of Chipotle

Not if you have a bit of Hispanic blood flowing thru ya.

 

[Shaboid]

The 2024 economics Nobel prize was awarded to Daron Acemoglu/Simon Johnson of MIT and James Robinson of the University of Chicago. They won it for a seminal 2001 paper, showing how economic growth is profoundly dependent on political institutions. They contrast extractive institutions, where elites take the economic rewards and poverty is high, and inclusive institutions where wealth is shared and incomes are high. All three are foreign born.

I have posted about these 3 authors in here before but it looks like all those links are broken from amazon. This is the book I recommended in a couple different threads, I think first to ABM for his ridiculous takes on trans rights. https://en.wikipedia.org/wiki/Why_Nations_Fail

I haven't read the original 2001 paper but Why Nations Fail is a very thought provoking read and is based on the same relationships with inclusive institutions. If Trump has ever read this book, which I'm sure he hasn't, he would probably disagree with these guys ideas. He and everyone on the right is taking our political institutions in a direction that will not lead to wide reaching enrichment. Higher poverty rates though, I'd bet.

 

[PtldPlatypus]

Not if you have a bit of Hispanic blood flowing thru ya.

Just a lot of Hispanic food flowing thru ya.

 

[PCmor7]

 

[BigGameDamian]

 

[PCmor7]

 

[SlyPokerDog]

This is what happens when you continually increase taxes.

Sales of their post popular item is down 26% since 2019.

What is a 7-Eleven's most popular item?

Cigarettes.

Average tax on cigarettes is $3 a pack.

THIS IS WHY WE SHOULDN'T INCTREASE TAXES ON BILLIONARES! It will kill them!

 

[PCmor7]

This is what happens when you continually increase taxes.

Sales of their post popular item is down 26% since 2019.

What is a 7-Eleven's most popular item?

Cigarettes.

Average tax on cigarettes is $3 a pack.

THIS IS WHY WE SHOULDN'T INCTREASE TAXES ON BILLIONARES! It will kill them!

But ... the mortuary market will be booming ....

 

[SlyPokerDog]

 

[SlyPokerDog]

I was at Safeway yesterday, looks like I was wrong. Trump did fix the cost of eggs.

If there are none to buy, they can't be too high. (Hey, that rhymes!)

 

[Phatguysrule]

I was at Safeway yesterday, looks like I was wrong. Trump did fix the cost of eggs.

If there are none to buy, they can't be too high. (Hey, that rhymes!)

View attachment 69286

No masks, no vaccines, no mandated restrictions!

 

[jonnyboy]

I was at Safeway yesterday, looks like I was wrong. Trump did fix the cost of eggs.

If there are none to buy, they can't be too high. (Hey, that rhymes!)

View attachment 69286

Trump isn’t the president

 

[UncleCliffy'sDaddy]

Trump isn’t the president

But he is certainly acting like it. Of course, he needs to elbow Elon outta the way first.........and then get around Vivek.......