{"id":1484200,"date":"2024-08-16T23:40:00","date_gmt":"2024-08-17T03:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1484200"},"modified":"2024-08-16T23:40:00","modified_gmt":"2024-08-17T03:40:00","slug":"kamalanomics-blowback-begins-as-food-prices-hit-record-highs","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/kamalanomics-blowback-begins-as-food-prices-hit-record-highs\/1484200\/","title":{"rendered":"Kamalanomics Blowback Begins As Food Prices Hit Record Highs"},"content":{"rendered":"

Kamalanomics Blowback Begins As Food Prices Hit Record Highs<\/span><\/p>\n

\n

“KamalaCosts” and “Kamalanomics” are trending on X on Friday afternoon as Vice President Kamala Harris unveiled her strategy<\/a> to address the crushing economic environment\u00a0faced by the working poor and middle class during her tenure as vice president in the Biden administration.\u00a0<\/p>\n

<\/a><\/p>\n

Recall that VP Harris was the biggest ‘Bidenomics’ cheerleader.\u00a0<\/p>\n

Kamala Harris 367 days ago: “That is called Bidenomics! Ha ha ha! That is called Bidenomics and we are very proud of Bidenomics!” pic.twitter.com\/gOxPZvxTCk<\/a><\/p>\n

\u2014 Steve Guest (@SteveGuest) August 5, 2024<\/a><\/p>\n

It makes very little sense why VP Harris\u00a0has recently admitted at campaign rallies there’s an ongoing inflation storm and affordability crisis, yet it appears she is\u00a0throwing President Biden under the bus. However, she is second in command and trying to deflect accountability for nation-killing, out-of-control government spending that stoked the inflation storm.<\/p>\n

Shortest political ad I’ve ever seen \ud83e\udd23 pic.twitter.com\/l8T2pHU4Cz<\/a><\/p>\n

\u2014 End Wokeness (@EndWokeness) August 16, 2024<\/a><\/p>\n

Americans are beyond\u00a0frustrated with inflation that the Biden-Harris administration has fueled over the past 3.5 years while VP Kamala Harris travels across the country, avoiding ‘unscripted’ press conferences and trying to convince voters at highly scripted\u00a0campaign rallies that she’s not responsible. \u00a0<\/p>\n

“She’s Literally Running Against Herself”:\u00a0VP Kamala Harris Admits Families Hit By ‘Cost Of Living’ Crisis\u00a0<\/a><\/em><\/p>\n

After stealing former President Trump’s\u00a0proposed ‘no tax on tips<\/a>‘ plan, the\u00a0geniuses\u00a0behind VP Harris’ campaign thought it would be brilliant to introduce communist-style government price controls<\/a> on grocery stores and food companies as their first major economic policy. The move was a complete disaster, and even the leftists at the\u00a0Washington Post<\/a> pointed out that it was a poor policy choice…\u00a0<\/p>\n

“If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls.”\u00a0<\/em><\/p>\n

<\/a><\/p>\n

Investment analyst Lyn Alden pointed out on X that grocery stores like Kroger have “razor-thin profit margins.” So the whole ‘corporate price gouging’ narrative by Harris’ team is\u00a0just ‘malarkey.’<\/p>\n

Grocery stores have razor-thin profit margins and people are talking about them price gouging. \ud83e\udd37\u200d\u2640\ufe0f pic.twitter.com\/rHpVSB1sWX<\/a><\/p>\n

\u2014 Lyn Alden (@LynAldenContact) August 16, 2024<\/a><\/p>\n

Producers of food products have similar margins in the low double-digit range.\u00a0<\/p>\n

Producers of food products typically have margins in the single-digit to low-double-digit range, which is normal for a business, and similar to what they were a decade ago. pic.twitter.com\/whKkgscOUo<\/a><\/p>\n

\u2014 Lyn Alden (@LynAldenContact) August 16, 2024<\/a><\/p>\n

House Republicans reminded folks on X today about the sour subject of Biden-Harris’ food price inflation crisis:<\/p>\n

\ud83d\udea8\ud83d\udea8Since Kamala Harris took office:<\/p>\n

\ud83d\udcc8Eggs are UP 46.8%.
\n\ud83d\udcc8Peanut butter is UP 42.8%.
\n\ud83d\udcc8Crackers are UP 40.3%.
\n\ud83d\udcc8Baby food and formula are UP 30.1%.
\n\ud83d\udcc8 Inflation has skyrocketed by OVER 20%,
\n\ud83d\udcc8Delivery services are UP 29.7%. #KamalaCosts<\/a> #Kamalanomics<\/a><\/p>\n

\u2014 House Republicans (@HouseGOP) August 16, 2024<\/a><\/p>\n

Others pointed out that ‘Kamalanomics’ is just an extension of ‘Bidenomics’ and focused on the massive food price surges.<\/p>\n

When Kamala Harris took office inflation was at 1.4%. Nearly four years later it\u2019s at 20.2%. How has #Kamalanomics<\/a> impacted you and your family? pic.twitter.com\/y6ewG1sz08<\/a><\/p>\n

\u2014 Scott DesJarlais (@DesJarlaisTN04) August 16, 2024<\/a><\/p>\n

This is Kamalanomics. pic.twitter.com\/uUuJEdYg03<\/a><\/p>\n

\u2014 GOP (@GOP) August 14, 2024<\/a><\/p>\n

Just saw that Georgians have paid $27,427 more due to inflation since January 2021.<\/p>\n

At this rate, the only thing growing faster than my grocery bill is my disappointment. #kamalanomics<\/a> pic.twitter.com\/bBQ4aVDFcL<\/a><\/p>\n

\u2014 Rep. Mike Collins (@RepMikeCollins) August 15, 2024<\/a><\/p>\n

#BREAKING<\/a> \ud83d\udea8 \ud83d\udd25
\nPresident Trump is commenting on #Kamalanomics<\/a>.
\nHe says this is just beginning, this is disaster.
\nDo you agree with him? pic.twitter.com\/teF2nM55Bz<\/a><\/p>\n

\u2014 Frankie\u2122\ufe0f\ud83e\udd85 (@B7frankH) August 16, 2024<\/a><\/p>\n

Harris prepares to battle Kamalanomics with Stalinist federal ban on price gouging on food and groceries. This woman is a Communist. pic.twitter.com\/lbrgFvUA3K<\/a><\/p>\n

\u2014 JJ Murray (@therealJJMurray) August 15, 2024<\/a><\/p>\n

Americans cannot afford four more years of Kamalanomics. #kamalanomics<\/a> pic.twitter.com\/KMlwM6vdTQ<\/a><\/p>\n

\u2014 Saint James Hartline (@JamesHartline) July 24, 2024<\/a><\/p>\n

Meanwhile, the latest data shows burger prices at the supermarket are at record highs.\u00a0<\/p>\n

If elected, Kamala will work very hard to reverse the record 40% increase in beef prices under the Biden\/Kamala admin pic.twitter.com\/r0v4V7itWg<\/a><\/p>\n

\u2014 zerohedge (@zerohedge) August 16, 2024<\/a><\/p>\n

Urner Barry wholesale data shows egg prices are erupting again.\u00a0<\/p>\n

<\/a><\/p>\n

VP Harris had 3.5 years to save the middle class – yet she focused on wokeism and failed at her ‘Border Czar’ job.\u00a0<\/p>\n

<\/a><\/p>\n

Food prices have yet to come back down to Earth.\u00a0<\/p>\n

<\/a><\/p>\n

The latest US CPI Food Prices At-Home index is up 21% since Biden-Harris entered office, while wages for the working poor and middle class are only up 19.8%<\/strong>.\u00a0<\/p>\n

<\/a><\/p>\n

Food prices at home rose 6.5% during Trump’s term (+1.6% p.a.).<\/strong> During Biden’s term, food prices at home were up over 21% (+5.5% p.a.).<\/strong><\/p>\n

<\/a><\/p>\n

“Inflation is experienced at the grocery store, but always manufactured by the government. It’s the same story every time. The politicians who create it by printing money, villainize and blame companies that have nothing to do with it \u2014 to distract from their reckless spending,”<\/strong>\u00a0Cameron Winklevoss<\/a> wrote on X.\u00a0<\/p>\n

Inflation is experienced at the grocery store, but always manufactured by the government. It’s the same story every time. The politicians who create it by printing money, villainize and blame companies that have nothing to do with it \u2014 to distract from their reckless spending. https:\/\/t.co\/EJkng1004Q<\/a><\/p>\n

\u2014 Cameron Winklevoss (@cameron) August 16, 2024<\/a><\/p>\n

The angle the Trump campaign appears to be taking is to hammer VP Harris and Democrats for their mismanaging of the economy that has financially decimated the working poor and middle class.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 08\/16\/2024 – 19:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/kamalanomics-blowback-begins-food-prices-hit-record-highs<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Kamalanomics Blowback Begins As Food Prices Hit Record Highs “KamalaCosts” and “Kamalanomics” are trending on X on Friday afternoon as Vice President Kamala Harris unveiled…<\/p>\n","protected":false},"author":0,"featured_media":1484201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1484200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1484200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1484200"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1484200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1484201"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1484200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1484200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1484200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}