How SCOTUS Will Decide On Trump's TariffsPosted By Rod Kaufman |
I have to disagree with your comments, Jim. I recall the Biden administration complained about "greed inflation" exhibited by companies seemingly taking advantage of lower inflation and price costs by maintaining or increasing the costs of their goods despite having a respectable profit at the end of a fiscal quarter instead of passing at least some of the savings onto the consumer. So, there's a history of this type of activity and an unfortunate precedent for it. I think the analyst is simply looking at past performance and suspecting similar behavior. That said, I don't see the analyst advocating any sort of federal controls, either...Originally Posted by James Brown
"what retailers think they can get away with..." CNN makes it sound like it's a crime, or at least highly immoral, to set prices based upon market factors. Even though it may not be clear that Trump's recent waffle will positively affect food prices, this is a cynical and incredibly biased way of phrasing the obvious fact that all of the complicated factors affecting the market control prices.
No doubt the reporter believes food costs would be eminently more fair if a benevolent federal board set artificially low but "fair" grocery store prices. Isn't that sort of what Mamdani is proposing? Pretty tough to underestimate the slant of a CNN analysist.
