Raising interest rates alone is not going to cut it, we need to after the price gougers
We know who they are: the gas companies (or should we say company since they have all re-merged), the grocery store conglomerates: Kroger being a major gouger. And the food companies themselves are also gouging.
So are landlords, car dealerships, many other necessities we need in life.
We need to get back to taking consumerism seriously in this country and stop waiting on somebody else to fix it. It’s up to the consumer now.
|by Anonymous||reply 104||March 26, 2023 6:22 PM
This needs to occur at all levels. Local, state and federal. We should have no tolerance for these shady business practices.
Uber and especially Lyft have been basically running a black market company with no one to call for customer service. It’s absurd.
|by Anonymous||reply 1||March 10, 2023 12:20 AM
Companies are still not offering pre Covid levels of service or product yet are charging almost double.
How did we let this happen and how do we stop it?
|by Anonymous||reply 2||March 10, 2023 12:21 AM
Too much consolidation and not enough competition plus Wild West unregulated companies are having a field day, making a FORTUNE, and are ripping of regular every day people.
|by Anonymous||reply 3||March 10, 2023 12:22 AM
Corporations have more power in the US then we do as citizens.
|by Anonymous||reply 4||March 10, 2023 12:23 AM
[quote] Uber and especially Lyft have been basically running a black market company with no one to call for customer service.
And Instacart, and Door Dash, and....and.....and......
|by Anonymous||reply 5||March 10, 2023 12:25 AM
Voting Republican is how we got here.
|by Anonymous||reply 6||March 10, 2023 12:25 AM
I demand that the corporations do what I want!
|by Anonymous||reply 7||March 10, 2023 12:26 AM
Stuff like this makes me wish that our president WAS a dictator and could truly punish these companies and people!....
|by Anonymous||reply 8||March 10, 2023 12:28 AM
Who would have thought that a $15 minimum wage would have led to higher prices and lower staff levels? Also global supply chains have never been fully rebuilt.
|by Anonymous||reply 9||March 10, 2023 12:30 AM
I bought eggs yesterday for the first time in months. They were slightly higher than the old price but not like double and triple like they were.
|by Anonymous||reply 10||March 10, 2023 12:30 AM
R8 I wish we had two political parties who actually gave a fuck and would stop this cold. Instead we have only one who gives a fuck (Spoiler alert: It’s Democrats) and one (Spoiler alert: It’s Republicans) who have let corporations run amok with tax cuts, subsidies, and deregulation. Yes, bothsiders, Democrats aren’t blameless but it’s like 80/20 Republican’s fault. It’s not close. We wouldn’t be where we are if Democrats stayed in charge.
|by Anonymous||reply 11||March 10, 2023 12:32 AM
Why haven’t the Democrats stayed in charge?
|by Anonymous||reply 12||March 10, 2023 12:36 AM
R9 Come again? A $15 MW has nothing to do with inflation. Funny how other countries have HIGHER MW & benefits at places like McDonalds yet their food prices are LOWER. I’m not sure how the fuck corporations have hoodwinked so many of you to blame anyone but them for the shitstorm our country finds itself in in so many areas. Tax cuts since 1982 to the rich alone have kept $40 TRILLION out of OUR hands. Those oligarchs have fooled some of you good.
|by Anonymous||reply 13||March 10, 2023 12:36 AM
Companies have taken advantage and jacked up the price of goods and services beyond what cost increases would make necessary. Corporate profits are way up. But what exactly could be done? And should it be done? People keep on spending, spending. People, collectively, complain, but there's no hard proof that the prices can't be sustained. Again, that's collectively - obviously increased prices have made many individuals struggle.
|by Anonymous||reply 14||March 10, 2023 12:38 AM
The corporate bootlicker at R9 might also reflect on the minimum wage, which hasn't budged since 2009 at $7.25/hr. Maybe if this had been increased incrementally, there wouldn't have been such a shock when the peons finally refused to work for jack?
|by Anonymous||reply 15||March 10, 2023 12:38 AM
r13 you are a fool. Energy costs in Dem run California are higher than anywhere in the nation. CoL is the third highest. High taxes have driven out many businesses hurting the working classes.
|by Anonymous||reply 16||March 10, 2023 12:43 AM
People here live waaaaaaaay above their means. It is shocking how many people make good money yet spend it all and live paycheck to paycheck.
|by Anonymous||reply 17||March 10, 2023 12:44 AM
R16 No. You’re just a conservative idiot. 8 consecutive Republican presidents have seen a recession or depression start under their watch. The poorest states are Republican run. The richest are Democratic run. 90% of the poorest counties are Republican run.
|by Anonymous||reply 18||March 10, 2023 12:46 AM
And ne'er the twain shall meet.
|by Anonymous||reply 19||March 10, 2023 12:49 AM
19 is blocked as a conservative troll from way back. In fact, one of the first posters I blocked.
|by Anonymous||reply 20||March 10, 2023 12:51 AM
Corporate bootlickers love to take it up the keister with a spiked dildo for them. There aren’t dumber people on Earth.
|by Anonymous||reply 21||March 10, 2023 12:52 AM
[quote] Why haven’t the Democrats stayed in charge?
Because the other party has demonized them
|by Anonymous||reply 22||March 10, 2023 1:00 AM
R22 And because corporations, who own the media, and have so much power, fuck with things when Democrats are in charge like withholding trillions during the Obama years, and price gouging with Biden. Despite it all, Democrats are so good with the economy they overcame their shenanigans.
|by Anonymous||reply 23||March 10, 2023 1:04 AM
R16 can you name a business that has left the state resulting in hardship to employees or consumers? I can’t think of a single one. Employees have their pick of shitty jobs and one company leaving that was probably an asshole company that didn’t want to pay taxes but use up the roads and police force to guard their property.
|by Anonymous||reply 24||March 10, 2023 1:11 AM
…is probably not a hardship to anyone but I will wait for you examples.
|by Anonymous||reply 25||March 10, 2023 1:12 AM
People FINALLY woke up and refused to accept shitty jobs being treated like shit for shitty pay. Corporations freaked out. Now, they’re actually repealing child labor laws so they can get poor kids to work shitty jobs.
|by Anonymous||reply 26||March 10, 2023 1:14 AM
Why don’t we have a consumers union? Or advocacy group that can sue them when they break the law and expose their gouging practices. M
Republicans are stupid in general and believe that Biden personally sets the prices. A consumer advocacy group could dispel this ignorance and teach deplorables where prices come from and how they too are getting ripped off to kingdom come.
|by Anonymous||reply 27||March 10, 2023 1:20 AM
Deplorables don’t care. They’d die willingly in a grease fire to own the libs.
|by Anonymous||reply 28||March 10, 2023 1:32 AM
R28 isn’t that THEIR strategy to wear us normal, sane folks down and make us say “it doesn’t matter”
Don’t do their dirty work for them for Christ sake. Give us a better comment. Dig deeper.
|by Anonymous||reply 29||March 10, 2023 1:35 AM
When it comes to the purse stings, some of this partisan crap falls away.
The truth is that ALL of us regular people are being controlled by like 10 billionaires. They have ENOUGH fucking money and regular people need to stop being so subservient and going as far as to help them do this to us.
|by Anonymous||reply 30||March 10, 2023 1:38 AM
R30 No, being partisan is exactly what we need. Only Democrats can and will stop them. That’s fact. Power is in elected officials. Vote Blue.
|by Anonymous||reply 31||March 10, 2023 1:41 AM
Because everyone was blaming Biden for the inflation, corporations had cover to raise their prices without blowback. So they did.
I'm as pro-Biden as can be, but seriously why is he taking the hit for this - price gouging needs to be called out and shamed. Dems need to do their own demonizing on this.
|by Anonymous||reply 32||March 10, 2023 1:43 AM
At the heart of the issue is this: business get treated like gold and we, the people, through the government are not supposed to put an “undue hardship” on corporations but boy are they clear to absolutely unload an undo hardship on us, with no shame or expectation of decency.
|by Anonymous||reply 33||March 10, 2023 1:46 AM
Amazing ignorance. I blame the colleges and universities. Carry on.
|by Anonymous||reply 35||March 10, 2023 1:56 AM
Here comes the supply and demand troll as if BOTH the supply and demand have not been tainted and manipulated but the uneven laws favoring the corporatist profiteers vultures.
|by Anonymous||reply 36||March 10, 2023 2:02 AM
I just stopped buying things. Fuck'em.
|by Anonymous||reply 37||March 10, 2023 2:09 AM
Why can’t people just get their act together and figure out a way to fight back against this. Why is everyone so defeatist and quick to give up and throw their arms up in despair.
Where is the next generation of entrepreneurs that will find a way to compete and offer better alternatives.
|by Anonymous||reply 38||March 10, 2023 2:13 AM
Everybody is so fucking lazy and apathetic and expects someone else to make things better.
|by Anonymous||reply 39||March 10, 2023 2:14 AM
Rising interests doesn’t affect existing home loans, right ?
|by Anonymous||reply 40||March 10, 2023 2:15 AM
These are kitchen table issues.
Why are people taking about drag queens and crime in Philadelphia? It’s all a distraction.
We need to be talking about how gas is now trading below $75 and still retailing for prices that were closer to $100.
Gas should be at minimum 25 percent cheaper without the gouging.
|by Anonymous||reply 41||March 10, 2023 2:17 AM
Poor people and seniors who live mostly on ss are feeling the pinch the most. It’s cruel.
And companies are making the highest profits on record.
Covid was a huge distraction but it also illustrates that no companies lost a dime during a worldwide pandemic. It’s shows you it’s fixed.
I’m frankly sick to my stomach just dealing with any company anymore. They are all shady and unregulated.
|by Anonymous||reply 42||March 10, 2023 2:19 AM
Democrats shifted around $4 Trillion to the bottom 90% during Biden’s presidency. The bottom 50% now have more $ as a share of the economy since the 80s. Did you see the billionaire freak out when Biden and Ds wanted to raise the top bracket back a little over Clinton’s? And tax a few other high income earnings? They flipped the fuck out like you’d murdered their children (if they care) in front of them. Their response? Price gouge the fuck out of us knowing the media they own will never blame them they’ll blame Democrats. And that’s exactly what happened. Democrats know the rich are so powerful now, by design thanks to decades of Republican policies and SC rulings like Citizens United which is the #1 thing that truly fucked us all. Now, billionaires around the world give dark money in campaigns to convince us crime is out of control (when it is waaaaaay below the 70s, 80s, and early 90s) among other things. Democrats walk a fine line to change things. Biden, shockingly, did a lot in a short time to shift power back to the people in spite of the oligarch’s best efforts.
|by Anonymous||reply 43||March 10, 2023 2:59 AM
Yes there is a way out of this and the answer is more and not less.
We need more options and that means people are going to have to start to produce stuff and stop depending on zombie legacy corps that are sucking everything dry.
|by Anonymous||reply 44||March 10, 2023 3:07 AM
And we need more immigrants or else we are going to wear everyone who is working down to the bone.
|by Anonymous||reply 45||March 10, 2023 3:08 AM
Going to Walmart is like going to the slums of rio, this country has been picked dry by the billionaires.
Yet they want more.
|by Anonymous||reply 46||March 10, 2023 3:10 AM
The EU doesn’t allow 75% of the shit we do like the chemicals in our food, or in our products, and they sure as fuck don’t accept the notion that more money and more benefits is bad for business. We are such fucking suckers it is embarrassing.
|by Anonymous||reply 47||March 10, 2023 3:27 AM
In some countries, higher interest rates increase home loan interest payments. Hence less other spendings, resulting in less inflation.
|by Anonymous||reply 48||March 10, 2023 3:32 AM
Our interest rates have been too low for too long according to some.
|by Anonymous||reply 49||March 10, 2023 3:48 AM
[quote] The EU doesn’t allow 75% of the shit we do like the chemicals in our food, or in our products, and they sure as fuck don’t accept the notion that more money and more benefits is bad for business. We are such fucking suckers it is embarrassing.
Here the rapist repugs just say "Merica!" or call anything that isn't assraping capitalism "commie."
|by Anonymous||reply 50||March 10, 2023 3:49 AM
What we need is a good old fashioned recession!
|by Anonymous||reply 51||March 10, 2023 10:36 AM
We need another Revolutionary War!
|by Anonymous||reply 52||March 10, 2023 12:51 PM
Real estate and rentals are such an issue. Whatever happened to “starter homes” and rent that was more than a mortgage?
|by Anonymous||reply 53||March 10, 2023 1:00 PM
Prices went up again in Feb.
When are people going to say enough is enough with the gouging?
|by Anonymous||reply 54||March 17, 2023 7:27 PM
Americans are obsessed with buying everything all the time. STOP this bad habit and get some control over yourselves. Stop buying over priced shit that is now 4 & 5 x higher. No once needs to eat eggs every week. Even kids and no they don't.
|by Anonymous||reply 55||March 17, 2023 7:33 PM
Stop buying concert ticket from scalpers. Those cunts (stubhub) are the biggest price gougers but Americans are dumb and continue the bullshit.
|by Anonymous||reply 56||March 17, 2023 7:35 PM
How high will it go?
The average cost of a car went up again in Feb to almost 50k
And that is just the average.
|by Anonymous||reply 57||March 17, 2023 7:51 PM
Yeah! Instacart is taking advantage, and don’t get me started about Amazon and ho foods breach of contract.
|by Anonymous||reply 58||March 17, 2023 7:54 PM
Please check your groceries for expired items before you check-out.
Grocery chains have stated leaving expired items on the shelf and just marking them down “on sale”
This is two different grocery chains, so it’s probably all of them.
I guess it’s working because nobody is complaining but I did round them up and take them to front customer service counter. Maybe the fact that someone caught them will change their behavior. The next next stop is taking my evidence to the health department and local media.
|by Anonymous||reply 59||March 17, 2023 8:00 PM
r57, 50K? Are you sure? Do you have a link on that?
|by Anonymous||reply 60||March 17, 2023 8:09 PM
I saw Roma tomatoes for like 1.29/lb at Wal-mart a week ago. That truly shocked me. I'm still able to eat cheaply by being very deliberate - I get meat that's on clearance about to expire soon and cook and prep it all right away. I use cashback apps to get items for free or sometimes I even get paid to get it if the same manufacturer deal is available on different ones (For any other frugal DLers out there I really recommend trying the Ibotta app.). Certain things I've cut out of my diet completely though - seafood is just too expensive now. Even just cans of tuna, I've seen store brand cans around 1.29-1.49 which is nuts. Dry staples, household goods, and the rotisserie chickens from Costco, the rest of my proteins I buy when I find a good clearance deal at a different grocer (sometimes Foster Farms is like 0.99 lb on sale), produce I usually get at Aldi. I honestly don't think I remember how cheap things were before inflation started running up.
|by Anonymous||reply 61||March 17, 2023 8:24 PM
We were warned back during the Wall Street and 1% protests were going on for maybe a month? Our ADD got the best of us and we got distracted as usual. Now the rich have done it again. I'll say it again as I did back then. EAT THE RICH!
|by Anonymous||reply 62||March 17, 2023 8:30 PM
[quote]I just stopped buying things. Fuck'em.
Even if you didn't ever eat or leave the house, you'd still feel it. Electricity has gone up. Fuel oil (for winter heating) has gone up astronomically.
Forget about groceries and gas.
|by Anonymous||reply 63||March 17, 2023 8:35 PM
I hate buying anything now. Everything is a rip off or even an outright scam. How did it get this way? Every “business” person is a crook.
|by Anonymous||reply 64||March 17, 2023 8:40 PM
Many things cause financial stress, we have reduced our eating out and now mostly patronage counter order places, I have grown tired of the tipping along with the increased prices, yes of course the company gouges, and the workers expect 20-25% more! This is just what I said before, how about I just stay home and nobody gets my money, except the grocery store, and that's just what we do now. It has become unsustainable.
|by Anonymous||reply 65||March 17, 2023 8:41 PM
[quote]I guess it’s working because nobody is complaining but I did round them up and take them to front customer service counter. Maybe the fact that someone caught them will change their behavior. The next next stop is taking my evidence to the health department and local media.
Mary! Make sure Channel 7 gets your good side. Nobody is complaining because people like a good deal. Why ruin it for everyone else, dumbass?
|by Anonymous||reply 66||March 17, 2023 8:42 PM
These companies must be taxed heavily on these windfall profits. Make the motherfuckers pay for their price gouging.
|by Anonymous||reply 67||March 17, 2023 8:43 PM
R66 Because these include dairy products and other things that could make you sick not to mention the stale and dry food and the fact that they don’t tell you it’s expired so you don’t realize until you get home. They know you will throw it away and not complain and think it was an accident.
If they marked them in a section labeled “expired food, consume at your risk” but they don’t.
|by Anonymous||reply 68||March 17, 2023 8:45 PM
[quote]mostly patronage counter order places,
|by Anonymous||reply 69||March 17, 2023 8:45 PM
We need ideas.
It seems like people don’t do do ideas anymore. It’s always has to be like this one thing and you can’t introduce anything new or outside the particular solution that has been offered.
It’s fucking weird.
|by Anonymous||reply 70||March 17, 2023 8:56 PM
[quote]and other things that could make you sick not to mention the stale and dry food and the fact that they don’t tell you it’s expired so you don’t realize until you get home.
LOL! You must think there’s an expiration fairy who expires things at the stroke of midnight. It doesn’t work like that. These are suggestions, not a rigid time bomb.
|by Anonymous||reply 71||March 17, 2023 9:00 PM
Who is sticking up for billionaire price gougers in here?
You will never be a billionaire as long as you keep helping them to oppress everyone else and not letting anyone ever get a leg up.
|by Anonymous||reply 72||March 17, 2023 9:04 PM
Jesus r71 wants to be price gouged even more. They seem to enjoy it.
Not everyone is a pathetic masochists begging to be mistreated by corporations. Get a hold of yourself.
|by Anonymous||reply 73||March 17, 2023 9:06 PM
At least the raising of rates has exposed how many shady business out there are existing due to artificially low rates aka corporate welfare, mooching off of Uncle Sam.
|by Anonymous||reply 74||March 17, 2023 9:15 PM
r74 low interest rates cost the government nothing and help ordinary people borrow for less.
|by Anonymous||reply 75||March 17, 2023 10:53 PM
Low interest rates blow bubbles which then ultimately burst. Idk about you but I'm kinda tired of living in a boom-bust economy.
|by Anonymous||reply 76||March 18, 2023 11:20 AM
Let’s talk about why the prices are higher. Why don’t we have that conversation instead of just rushing passed that and throw our hands up like we have no control.
CEOs are making billions from ripping us off.
Where is the push back?
|by Anonymous||reply 77||March 18, 2023 5:01 PM
Yeah, let's take to the streets. But with class this time.
|by Anonymous||reply 78||March 18, 2023 5:03 PM
Even simple organized pushback will make a difference.
|by Anonymous||reply 79||March 18, 2023 5:15 PM
[Quote] CEOs are making billions from ripping us off. Where is the push back?
Most Americans are lazy and dumb. There will be no "push back." Sure a few will scream for a month or so but eventually everyone will get back on their hypnotize machine aka cell phone and be distracted. Americans are the dumbest cunts on the planet and they want to be that way. They enjoy it.
|by Anonymous||reply 80||March 18, 2023 5:43 PM
I’ve been going to flea markets and farms and buying a lot of second hand stuff and making my own food when possible and having fun with it.
Going to grocery stores and gas stations is enough to make you sick to your stomach. You know you’re making some asshole a fortune somewhere.
|by Anonymous||reply 81||March 18, 2023 5:48 PM
Who is going to go after the price gougers? The politicians/law makers who take campaign contributions from the corporations?
|by Anonymous||reply 82||March 19, 2023 12:43 AM
Wouldn't it be great if on a daily basis, legit news sources and networks, told the nation, which politicians were paid off (and how much) by the various corporations and what not. I know they have done with the N.R.A. but we need to be told where their dark and black money is coming from...
|by Anonymous||reply 83||March 19, 2023 2:21 AM
People are such doormats and pushovers. They will pay whatever you ask, no questions.
|by Anonymous||reply 84||March 24, 2023 10:13 PM
What gets me is just today we were at Bj's and they were busy as hell with ONE register open but a whole bank of self checkouts. This is a bulk store,so no one goes to pay with 2 items in their carts. Everything in that goddamn place has gone up,yet they have less and less staff to help the customers. I threw a damn fit and the manager opened a register just to get my bitching ass out of there. I let 2 people who had far less than I go first and boy, you could see he was mad as hell about it. Get over it,and hire some more people.
|by Anonymous||reply 85||March 24, 2023 10:31 PM
According to various economic studies, corporate price gouging and record profits are responsible for about 55% of the inflation.
|by Anonymous||reply 86||March 24, 2023 10:47 PM
[quote]I let 2 people who had far less than I
|by Anonymous||reply 87||March 24, 2023 11:18 PM
This chick is doing something to fight back against inflation. You go, girl!
|by Anonymous||reply 88||March 25, 2023 1:41 PM
We're all one step way from becoming D-Fens.
|by Anonymous||reply 89||March 25, 2023 3:07 PM
This economy is all a pyramid scheme. We are going to fail in 30 years. Money seems to have no real value anymore. Economists seem to think as long as the government owns the cash printing presses it'll be ok. Cuz of the faith in the American Government. But their are countries that will challenge the post WW2 World Order. India, China, Turkey I mean it's gonna get scary.
|by Anonymous||reply 90||March 25, 2023 3:32 PM
[quote] But their are countries
|by Anonymous||reply 91||March 25, 2023 3:37 PM
The Fed will stop raising interest rates. We've have had twenty years of free money and we're junkies .You can't just cut us off. So what if granny has to eat once a week. It's the price YOU pay for semi- free market capitalism. Suck it up.
|by Anonymous||reply 92||March 25, 2023 3:54 PM
Serious question: Could there come a day when you go to your bank and your money is actually completely gone and the bank can't get it back for you? I have this fear that I need to put more money under my pillow than a bank!...
|by Anonymous||reply 93||March 25, 2023 5:47 PM
Yes, of course, r93, if your bank goes under.
FDIC, however, insures up to $250,000 of that money, so unless you have more than that, you'll be ok.
*Note: I'm referring to banks only, not brokerage houses or stock accounts or anything like that. Just banks.
|by Anonymous||reply 94||March 25, 2023 5:52 PM
People have faith in the US government?? Yikes. And don't even get me started on the completely inept Fed.
|by Anonymous||reply 95||March 25, 2023 10:52 PM
R94, of course I have more than that, otherwise I would just keep it under my pillow.
|by Anonymous||reply 96||March 26, 2023 3:03 AM
Put your money into starting a business.
|by Anonymous||reply 97||March 26, 2023 6:36 AM
Oh yeah, that's a GREAT idea. An artesnial cupcake shop at $9 a pop maybe?
|by Anonymous||reply 98||March 26, 2023 8:36 AM
i'll be getting around 500 thousand when my parents pass. I need to find out ( if there is one?) a way to make that 500 thousand into 1 million....
that's legit as well as of course safe...
|by Anonymous||reply 99||March 26, 2023 1:28 PM
Double your money? Safely?
|by Anonymous||reply 100||March 26, 2023 2:41 PM
OP, we can't because Republicans vote against it. They want prices to be high so they can blame Biden
|by Anonymous||reply 101||March 26, 2023 2:47 PM
Senators own stock and trade based on their own lawmaking. Government especially Democrats don’t use the power they have to reign in corporate greed. They also don’t use the anti trust powers they have to break up the ongoing terrible corporate giants just getting bigger and bigger and controlling massive swaths of the economy. Big oil. Big banking . Big pharma. Etc these companies like Chevron basically own so much of a the chain of getting you your energy that they control the price. Government is supposed to keep them from getting too big. Currently government doesn’t do its job. We went through this in the 20’s annd 30’s and the corporations were broken up by the federal government so they wouldn’t have so much power to suck the people dry. They sucked so much that they damage society. They have been let to get too big again and government is remiss in preventing this. As I see it practically the whole of American society at this point is made to serve the giants.
|by Anonymous||reply 102||March 26, 2023 3:34 PM
R102 doesn’t appreciate his job. The boss is your friend!!!
|by Anonymous||reply 103||March 26, 2023 6:19 PM
R102 mostly democrats? That’s the dumbest thing I’ve heard in a long time.
|by Anonymous||reply 104||March 26, 2023 6:22 PM