Biden demands supermarkets cut soaring grocery prices that threaten his re-election -

SmarterthanYou said:
"just greedy corporations"

needed to get my mocking in before LV426 spouts her usual delusional bullshit
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Biden must be talking about those greedy property taxes that have skyrocketed as property values have increased throughout the country?

And the greedy CO2 tax which is defacto levied in secret on everything by the EPA.

Or the IRS and the fact that as incomes go up because of inflation, more people find themselves in higher income tax brackets.

Biden must be taking about the increase in taxes on many C corporations.

Maybe he’s talking about the greed by government and the taxes collected when you inherit?

He surely isn’t talking about those actually working for a living and producing wealth which is being taxed by a government that spent over 150 billion in Ukraine
 
Go get em' Biden!

The Grocery Store chains are having record breaking profits, since Biden has taken office, at the expense of the working class and hungry people!

:thinking: Is this a Republican Plot to make the president look bad- at the expense of the working class and the hungry people? Starting to think so!

I expect my president to be looking after my best interests! And Biden always does, in everything he does! Good job!

Thanks Biden! You have my vote!
 
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volsrock said:
President Biden, whose approval rating has suffered amid high inflation, is beginning to pressure large grocery chains to slash food prices for American consumers, accusing the stores of reaping excess profits and ripping off shoppers.

https://www.nytimes.com/2024/02/01/us/politics/biden-food-prices.html



Hey Joe.....Major supermarkets make about 2 to 4 cents on the dollar
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Joe says major food companies are ripping Americans off. Hey Joe YOU are ripping Americans off.
 
There is enough information out there to raise the suspicion

“Conagra Brands—one of the largest consumer packaged goods companies in the U.S.—announced that it had posted a nearly 60% year-over-year profit increase between December 2022 and February 2023. The Chicago-based company, which makes a long list of grocery staples including Chef Boyardee, Hunt’s, Slim Jim, Reddi-wip, and Marie Callender’s frozen meals, reported a net income of $342 million, up from $219 million in the same quarter a year prior”

”Conagra isn’t the only food company making profits off of inflation-driven price increases. At Kraft-Heinz, the multinational food company that makes Oscar Mayer, Jell-O, and Kool Aid, profits for the quarter ending at the end of 2022 were up nearly 450%, compared to the prior year, at $887 million. Tyson Foods, the largest meat company in the U.S., more than doubled its profits between the first quarters of 2021 and 2022. And General Mills, which owns Kix, Trix, and Chex among other recognizable cereal labels, saw its fourth quarter profits last year rise 97% compared to the previous quarter. General Mills has raised prices five times since 2021”

https://time.com/6269366/food-company-profits-make-groceries-expensive/
 
Geeko Sportivo said:
Go get em' Biden!

The Grocery Store chains are having record breaking profits since Biden has taken office, at the expense of the working class and hungry people!

I expect my president to be looking after my best interests!

Thanks Biden! You have my vote!
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Food Corporations have used inflation as a way to gouge people. Corporate greed at its best.
 
Geeko Sportivo said:
Go get em' Biden!

The Grocery Store chains are having record breaking profits, since Biden has taken office, at the expense of the working class and hungry people!

:thinking: Is this a Republican Plot to make the president look bad- at the expense of the working class and the hungry people? Starting to think so!

I expect my president to be looking after my best interests!

Thanks Biden! You have my vote!
Click to expand...
Grocery store chains net profit after taxes in 2021 was 2.9% https://www.fmi.org/our-research/food-industry-facts/grocery-store-chains-net-profit
 
Geeko Sportivo said:
Go get em' Biden!

The Grocery Store chains are having record breaking profits, since Biden has taken office, at the expense of the working class and hungry people!

:thinking: Is this a Republican Plot to make the president look bad- at the expense of the working class and the hungry people? Starting to think so!

I expect my president to be looking after my best interests!

Thanks Biden! You have my vote!
Click to expand...

The average grocery chain in the US makes a 2.2% profit margin. Are you saying they should just give groceries away?
 
I read what an exec said when inflation was climbing. He said they were waiting for such a thing because the prices would never return to the real levels. They would make a lot more profit and do the same amount of work, They would get richer and richer. That is part of the explanation that we have the worst wealth gap we have ever had. America is the land of the haves and have nots.
The wealthy never have enough.
 
Oh, how terrible. Asking stores to lower prices to consumers. I mean, how would that benefit the American people?

It's so much worse than a leader telling his party to not improve the border so he can get re-elected more easily.
 
Geeko Sportivo said:
How so, is Biden ripping you off personally!

This ought to be good!
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Yes when he rips off America by selling out to China etc, He is ripping me off. When he does not do his job to stop illegal immigration he is ripping me off. I pay part of his salary and I expect for him to stop illegal immigration.
 
BartenderElite said:
Oh, how terrible. Asking stores to lower prices to consumers. I mean, how would that benefit the American people?

It's so much worse than a leader telling his party to not improve the border so he can get re-elected more easily.
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So they are making 3% profits how much would you cut them.
 
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