Search Results: inflation

Harris Will Back Federal Ban on Price Gouging, Campaign Says
The vice president is leaning into an effort to partly blame big companies for inflation, as progressives have pushed her to embrace that argument - www.nytimes.com/.../...rice-gouging-inflation.html

The public interest is a tedious thing. Sparing a thought for others is of no immediately obvious benefit. Private interests are easier to understand and pursue.
In a speech on Friday in North Carolina, Vice President Kamala Harris is expected to take on the issue of price gouging by large corporations. Researchers for U. K. think tanks Institute for Public Policy Research and Common Wealth found in late 2023 that profiteering, or “greedflation,” “significantly” boosted prices, leading to increases of 30% or more in corporate profits. “Excessive profits were even larger in the US, where many important sections of the economy are dominated by a few powerful companies,” wrote Phillip Inman of The Guardian.
The July report for consumer prices from the Bureau of Labor Statistics, which came out yesterday, showed that prices rose less than 3% in the previous twelve months. Core inflation has fallen to its lowest rate since April 2021. For well over a year, wages have grown faster than inflation.
Responding to today’s news that inflation is coming down, the stock market ticked up in expectation that the Fed will now be more likely to cut interest rates in September. Applications for small businesses continue to boom across the country, with 19 million new business applications since Vice President Harris and President Biden took office, an annual growth rate 90% higher than prepandemic averages. Congressional Republicans are trying to cut the Small Business Administration and to cut taxes for big corporations.
Politico greeted today’s economic news with a headline saying, “Inflation is easing. Now, Harris has an even bigger problem with the economy.” And the New York Times reported that in a speech in North Carolina, “Harris Is Set to Lay Out an Economic Message Light on Details,” adding that she is expected to tweak Biden administration themes “in a bid to turn the Democratic economic agenda into an asset." Seems out of step with reality.

Japan nominated him for a Nobel Peace Prize.

Robert E. Lee said "Never fight up hill, me boys." & "Boy, that was a mistake" about Gettsburg.

India & Pakistan asked him to mediate over Kashmir

He had the greatest economy ever.

Mexico was going to pay for his wall.

Inflation is higher today than ever.

He literally said it did not rain on his inauguration, but it clearly did.

Sharpiegate

the head of the Boy Scouts” had called him to say that his address to the Scouts’ National Jamboree was “the greatest speech that was ever made to them."

The US had a $500 billion trade deficit with China.

The US never won at the World Trade Organization before he was President

Foreign countries, not consumers and importers pay tariffs.

All the people who come to him with "tears in their eyes" and call him "Sir."

He had no knowledge of the payment to Stormy Daniels

He got Veteran's choice passed.

Windmill noise may cause cancer.

The White House doctor said he was in better shape than Obama

The price of bacon has doubled

The main cause of inflation is energy prices.

On Monday the RNC approved a platform, the document that outlines the party’s position for the administration they hope to put into power. The evolution of GOP platforms since 2016 shows the evolution of the GOP. The 2016 platform fell pretty much within the norms of the genre, celebrating the nation and attacking the opposition before calling first for tax cuts—standard for the GOP since 1980—open markets, and deregulation of business and finance, as well as a smaller government. It called as well for an end to gay marriage, protection of gun ownership, and opposition to abortion.

In 2020 the GOP did not write a platform, simply saying “[t]hat the Republican Party has and will continue to enthusiastically support the President's America-first agenda.”

Today's platform, is basically just lifted from a Trump rally teleprompter. The only real sign of the old party is, of course, the platform’s promise to make the Trump tax cuts (which have already added $2.5 trillion to the national debt) permanent. Otherwise, it portrays a world that reflects Trump’s dystopian vision rather than reality, then promises to fix that dystopia either with vague promises or with culture war victories. In odd passages, it promises to do what Biden has already done: conquer inflation, bring supply chains home, revive manufacturing, and save the auto industry.

CNN fact checker Daniel Dale has been kept busy correcting the Republicans’ repeated lie that there is a violent crime wave in the U. S. under Biden; the opposite is true. Both violent crimes and property crimes have plummeted since the Trump administration. Republicans are also saying that Democrats “have eroded the American energy dominance that President Trump delivered.” In reality, while Biden is trying to shift the U. S. to renewables, Dale noted that “the U. S. under Biden is producing more crude oil than any country ever has…"

Do republican voters just not care about any of this? How did that happen?

Project 2025

Project 2025 proposes that the entire federal bureaucracy, including independent agencies such as the Department of Justice, be placed under direct presidential control - a controversial idea known as "unitary executive theory" as well as firing tens of thousands of schedule F employees and replace with Trump loyalists.

On immigration the plan is to increase funding for more wall, eliminating visa categories for crime and human trafficking victims, increasing fees on immigrants and allowing fast-tracked applications for migrants who pay a premium.

On climate, it proposes slashing federal money for research and investment in renewable energy, continue to stay out of Paris climate accord and calls for the next president to "stop the war on oil and natural gas".

On the economy, it would raise tariffs on imports causing inflation, slash corporate and income taxes, abolish the Federal Reserve and even consider a return to gold-backed currency.

On abortion it proposes withdrawing the abortion pill mifepristone from the market, and using existing laws to stop the drug being sent through the post. It also suggests that the department of Health and Human Services should "maintain a biblically based, social science-reinforced definition of marriage and family.

Tech & Education portions would see pornography banned, and tech and telecoms companies that allow access would be shut down. It calls for school choice and parental control over schools, and ends what it calls "woke propaganda". It will eliminate a long list of terms from all laws and federal regulations, including "sexual orientation", "gender equality", "abortion" and "reproductive rights". as well as ending diversity, equity and inclusion programs in schools and government departments as part of what it describes as a wider crackdown on "woke" ideology. It will abolish the Dept of Ed and end political indoctrination.