Inflation is 3 percent

[cawacko]

I might have gone off on a tangent, but your assertion that a company's mission statement is to maximize profits for shareholders was what triggered the response. Given that the mission does not include anything about being a responsible 'person' that mission statement needs to be kept in check, and that is one of the primary roles of government in a free enterprise system. This is an area where liberals and conservatives fundamentally disagree. Conservatives believe in the invisible hand, and they believe in supply side. My position is that those things do not work to keep corporations responsible. I then took lack of regulation to the extreme to drive home the point. Profit motive has always existed. When it runs afoul of the public good, it needs to held accountable.

Your post was just the trigger for my rant

A good rant can be good for the soul. Glad I was able to contribute.

 

[floridafan]

Wait, you're telling me CFO's and CEO's talked about wanting to make more profit on calls with investors?!

How well will it go over with Wall St if CEO's and CFO's declare we're trying to cut back on earnings and growth as a social responsibility? There could be funds out there that like a lower growth projection but generally speaking, stocks rise on future growth projections - not the opposite - and that's who investors tend to back.

It's called greed, unbridled greed. Corporate America took full advantage of the pandemic and raised prices far more than the rate of inflation. It was easy at the time to blame their greed on the pandemic. Take a 2 liter bottle of soda which prior sold for as little as 99 cents, but now you pay anywhere from $2.95- 3.50 for the same exact bottle. This isn't inflation , its outright greed.

 

[volsrock]

It's called greed, unbridled greed. Corporate America took full advantage of the pandemic and raised prices far more than the rate of inflation. It was easy at the time to blame their greed on the pandemic. Take a 2 liter bottle of soda which prior sold for as little as 99 cents, but now you pay anywhere from $2.95- 3.50 for the same exact bottle. This isn't inflation , its outright greed.

The pandemic that was made worse by the Dims with shutting down and stoking fear etc

 

[Cypress]

I know, right?


its good to see you realize inflation is Biden's legacy....
https://www.usinflationcalculator.com/inflation/current-inflation-rates/

You and Trump didn't predict peanut butter and diapers would cost more.

You and your Messiah practically guaranteed that if Americans dared to elect Biden there would be a massive economic recession or depression.

But your backpedaling, backtracking, and historical revisionism is noted for the comedy value.

 

[floridafan]

The pandemic that was made worse by the Dims with shutting down and stoking fear etc

The pandemic was made that much worse by DJT's constant and never ending lies about its severity.
Now address the corporate greed that I mentioned, my dear.

 

[Lionfish]

Funny. The MAGA paints Biden as this master criminal of this widespread global criminal Enterprise and at the same time this weak, frail old man who can barely tie his own shoes.

I wish they'd make up their fucking minds.

Joey wet panties, the question at hand is, WHO is controlling this "frail old man who can barely tie his shoes"?

 

[volsrock]

The pandemic was made that much worse by DJT's constant and never ending lies about its severity.
Now address the corporate greed that I mentioned, my dear.

That greed has been around since the caveman sold his rock to his buddy for 5 sticks when he could have taken 3 sticks

 

[cawacko]

yes. It is a very simple example to highlight how corporations can abuse the Capitalist market, and why regulations are required to control their worst tendencies in pursuit of profit.



Sure they did.

But does that mean you are now conceding that during COvid corporations used predatory pricing to make excessive profits and were a major driver of the depth of the inflation the US felt?



I do not think profits are a bad thing. They are a very necessary thing and they need to be competitively healthy. I jumped in on the 'regulation' comments I saw you exchanging with another poster where it seemed you were against government regulations that could limit profits in some instances, such as price gouging, child labour, etc.

I'm not sure where these comments about no regulation are coming from. Who is arguing that? That companies should try and maximize profits does not mean or imply they should break the law.

 

[floridafan]

That greed has been around since the caveman sold his rock to his buddy for 5 sticks when he could have taken 3 sticks

You continue to blame this administration for inflation, knowing full well that a part of it has been caused by corporate gouging.

 

[volsrock]

You continue to blame this administration for inflation, knowing full well that a part of it has been caused by corporate gouging.

If a factory before covid was making 1,000 widgets a day.... Then went to 300 widgets a day because of the shutdown etc

Widgets are going to go up in cost

 

[PostmodernProphet]

You and Trump didn't predict peanut butter and diapers would cost more.

You and your Messiah practically guaranteed that if Americans dared to elect Biden there would be a massive economic recession or depression.

But your backpedaling, backtracking, and historical revisionism is noted for the comedy value.

it amazes me that you fucks don't see that Biden has fucked up our economy.....personally I think you know it but won't admit it......

 

[Cypress]

it amazes me that you fucks don't see that Biden has fucked up our economy.....personally I think you know it but won't admit it......

The real lesson here is that your predictive abilities on economics are pure shit.

You and Trump have been guaranteeing for years that if Biden were president there would be a devastating economic recession or depression.


Your prediction ranks among the worst ever made on JPP.

 

[floridafan]

If a factory before covid was making 1,000 widgets a day.... Then went to 300 widgets a day because of the shutdown etc

Widgets are going to go up in cost

Thats not what we are talking about!

 

[Into the Night]

Whatever you think!

But, thinking is not really something you are very good at.

Non-sequitur fallacy. Attempted insult....?

 

[Into the Night]

Calm Down now BIRDIE BRAIN before you tear yourself a whole new asshole!

Bless your little heart!

You don't bless. You curse.

 

[Into the Night]

yes. It is a very simple example to highlight how corporations can abuse the Capitalist market,

It is not possible to abuse capitalism, other than to steal from it, which is what socialism does, which is what DEMOCRATS WANT.

and why regulations are required to control their worst tendencies in pursuit of profit.

Fascism doesn't work. Insulting people that start and run successful businesses gets you nowhere. It only shows your own avarice.

Sure they did.

But does that mean you are now conceding that during COvid corporations used predatory pricing to make excessive profits and were a major driver of the depth of the inflation the US felt?

There is no such thing as 'predatory pricing'. Buzzword fallacy.

I do not think profits are a bad thing.

Yes you do. You have openly claimed that very thing. You are doing it again in this post.

They are a very necessary thing and they need to be competitively healthy.

YOU don't get to dictate what is a 'proper' profit or how much people are allowed to make.

I jumped in on the 'regulation' comments I saw you exchanging with another poster where it seemed you were against government regulations that could limit profits in some instances,

Fascism doesn't work.

such as price gouging,

No such thing.

child labour, etc.

You Democrats hate children. You abort them, you mutilate them, you expose them to sexual perversions, you indoctrinate instead of educate, and you take children away from their families. Children are nothing but pawns to you. Don't try to hide behind that which you despise.

 

[Into the Night]

Anyone who claims Biden is responsible for, and deserves the blame for the Inflation in the US during a World Wide inflation crisis....

Biden CAUSED inflation through his executive orders. There is no 'worldwide inflation crisis'.

...One that he managed to get better results fighting than pretty much any other nation and yet they say he should get none of the credit for his proven super strong management...

I give Biden full credit for his executive orders that cause destroyed domestic oil production and causing inflation.
I give the DEMOCRATS full credit for telling the Fed to print all that money too.
I give the DEMOCRATS full credit for borrowing insane amounts of money.

Is just not a person to be taken seriously.

YOU don't get to dictate who is to be taken seriously. Omniscience fallacy.

It is true a POTUS can do little to stop world wide catastrophic events

He CAUSED them.

(inflation,

Caused by Biden and Democrats.

Covid),

Covid19 fear mongering was by DEMOCRATS.

but they can easily make the situation much worse of much better depending on how they respond to it.

DEMOCRATS CAUSED THE PROBLEM.

Biden is a case study in adept and strong management that go outsized GOOD results compared to peer nations.

Economic depression is not a good result.

Trump is an example of incompetent management who got outsized BAD results compared to peer nations.

Ending an economic depression is not a bad result.

 

[Into the Night]

you certainly did.....and you made him your president........

Biden is not President. Biden was never elected.

 

[Into the Night]

Sorry you are not going to blame me as i did not vote for Trump.

But america fixed that mistake when they put Biden in.

Overthrowing the federal government and discarding the Constitution is not a 'fix'.
Illiteracy: Proper nouns are capitalized.

 

[Into the Night]

Joey wet panties, the question at hand is, WHO is controlling this "frail old man who can barely tie his shoes"?

Obama.