Another Day, Another Lie

Isn't funny how all of Trump's campaign promises are turning out lies.

Trump says it will be 'hard' to bring down grocery prices, pins hopes on lower energy costs and better supply chains

The pace of food price growth has already slowed dramatically over the past year.

NBC News

By Rob Wile

December 12, 2024

President-elect Donald Trump is acknowledging it may be difficult to bring down grocery prices, despite making it a key tenet of his presidential campaign.

In an interview with Time magazine, which named him person of the year for 2024, Trump said he nevertheless believes it'll happen through lower energy costs and supply chain improvements.

Asked whether his presidency would be a "failure" if grocery prices don't come down, Trump responded it would not, while blaming the Biden administration for the way it handled the inflation that led to higher food prices in the first place.

"Look, they got them up. I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard," he said in the interview published Thursday.

Shh... it is a secret on how to get the food prices down!

Civileats reports...

But those price drops will likely only go so far. That’s largely because, over the last few years, the small handful of food corporations controlling the sector have been charging premiums for their products, blaming supply chain disruptions. They’ve raked in record profits as a result, and nothing is stopping them from continuing to do so.

[...]

Food corporations are thriving. Between 2021 and 2022, the food and beverage industry recorded more than $155 billion in profits, according to Forbes. Nestlé, the world’s largest food company, increased its gross profits last year by almost 3 percent to $46 billion. Cargill recorded a 23 percent jump in revenue last year to $165 billion—$6.68 billion of which was profit. Tyson Foods, the largest meat producer in the U.S., nearly doubled its profits in the first quarter of 2022 due to soaring meat prices.

Food, Water, Action writes...

What’s more, a recent report from the Biden administration shows how big companies worsened the supply chain problems that raised prices during the pandemic, to their own benefit.

Corporate greed has taken over our economy, leaving families, workers, and farmers struggling just to get by. And this trend has been enabled by lax antitrust enforcement that has let corporate giants get bigger. As they get bigger, their power grows, too.

Luckily, we know just how to tackle this — and so does Biden. Now, in this year’s election, reining in corporations’ bad behavior and countering their power is on the line.

We all know that in the food industry corporate giants are gobbling the small companies, and the Democrats want to break them up.

Proposed merger of Kroger, Albertsons is halted by federal, WA judges

Fox 13

By Dee-Ann Durbin

December 10, 2024

The Brief

•         The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger.
•         A federal judge in Oregon temporarily blocked the proposed merger until an in-house administrative judge at the Federal Trade Commission considers it.
•         Shortly afterward, a judge in Washington state issued a permanent injunction barring the merger in that state, saying it lessens competition.

You want to bring down food prices break up the monopiles! Bring back competition! 

 

Now tell me what do you think that the Trump administration will do?

online polls