The Damage Report
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Republicans IN SHAMBLES After Kamala Puts Trump To Shame
Posted
August 16, 2024
Views
42,112
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2,496
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290
Engagement
6.62%
August 16, 2024
42,112
2,496
290
6.62%
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12:12Now PlayingRight-wingers, including Fox News hosts, MAGA influencers and Donald Trump, all lose their minds over Kamala Harris' stunning announcement on targeting corporate greed and price gouging. John Iadarola and Jordan Uhl break it down on The Damage Report.
Read more here:
Fox goes to bat for supermarket price gouging as VP Harris prepares to call out corporate greed
"Amid reporting that Democratic presidential nominee Vice President Kamala Harris will make her debut policy speech targeting price gouging, Fox News personalities are falsely claiming that there’s no evidence that supermarkets engaged in profiteering and criticizing Harris for “bash[ing] businesses.” However, in March, the Federal Trade Commission (FTC) reported that large grocery companies raised their prices higher than their costs, and several other studies have illustrated that such profiteering was a significant driver of inflation.
A March FTC report revealed price gouging by major supermarket chains
On March 21, the FTC released a report on grocery supply chain disruptions during the pandemic, which found that some supermarket corporations “seem to have used rising costs as an opportunity to further raise prices to increase their profits, which remain elevated today.” The FTC report spelled out how large grocery companies raised their prices higher than their costs, leading to increased profits at the expense of consumers"
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240816__DR04Gouging
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