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It's 2025, (no longer 2017, 2018, 2019, 2020, 2021, 2022, 2023, or 2024)
- Thread starter Bobcat
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Ratickle
Founding Member / Super Moderator
Odd that even CNN is saying Kamala's lies are actually lies......
CNN
The truth behind Harris’ inflation and corporate greed claims
Vice President Kamala Harris has picked up the baton from President Joe Biden on the fight against so-called greedflation – the notion that the United States’ inflation crisis was exacerbated by excessive corporate profit-taking that marked up goods or shrunk their sizes and padded businesses’ bottom lines.
“We all know that prices went up during the pandemic when the supply chains shut down and failed, but our supply chains have now improved and prices are still too high,” Harris said during a speech about the economy Friday in North Carolina. “Many of the big food companies are seeing their highest profits in two decades. And while many grocery chains pass along these savings, others still aren’t.”
PepsiCo. Last year, the company reported earning a very solid $9.1 billion in profit. That’s $2 billion more than what it made in 2020. But it’s still below the $12.5 billion profits it earned in 2018, when prices were rising at an annual pace below 3%.
Similarly, Kroger, one of the nation’s largest supermarket chains, earned a bigger profit in 2018 compared to 2023.
Kraft Heinz, meanwhile, made $10.9 billion in 2017. That’s almost four times as much as it earned last year.
It’s a massive $29 trillion beast. In aggregate, corporate profit taking was not a leading cause of inflation – according to that same San Francisco Fed study. Those price markups in certain sectors weren’t out of the ordinary – and measuring the economy as a whole, greedflation was basically nonexistent.
https://www.msn.com/en-us/money/new...1&cvid=07f70a437bc9425bb9cf28b9c1816146&ei=61
CNN
The truth behind Harris’ inflation and corporate greed claims
Vice President Kamala Harris has picked up the baton from President Joe Biden on the fight against so-called greedflation – the notion that the United States’ inflation crisis was exacerbated by excessive corporate profit-taking that marked up goods or shrunk their sizes and padded businesses’ bottom lines.
“We all know that prices went up during the pandemic when the supply chains shut down and failed, but our supply chains have now improved and prices are still too high,” Harris said during a speech about the economy Friday in North Carolina. “Many of the big food companies are seeing their highest profits in two decades. And while many grocery chains pass along these savings, others still aren’t.”
PepsiCo. Last year, the company reported earning a very solid $9.1 billion in profit. That’s $2 billion more than what it made in 2020. But it’s still below the $12.5 billion profits it earned in 2018, when prices were rising at an annual pace below 3%.
Similarly, Kroger, one of the nation’s largest supermarket chains, earned a bigger profit in 2018 compared to 2023.
Kraft Heinz, meanwhile, made $10.9 billion in 2017. That’s almost four times as much as it earned last year.
It’s a massive $29 trillion beast. In aggregate, corporate profit taking was not a leading cause of inflation – according to that same San Francisco Fed study. Those price markups in certain sectors weren’t out of the ordinary – and measuring the economy as a whole, greedflation was basically nonexistent.
https://www.msn.com/en-us/money/new...1&cvid=07f70a437bc9425bb9cf28b9c1816146&ei=61
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