Good news--Joe Biden says inflation has dropped ten months in a row

[ozso]

Try again. What specific policies will DeSantis implement to lower inflation?

Here's DeSantis himself explaining it:

 

[ozso]

General Mills and their corporate siblings thank you.


WASHINGTON, DC – Following the U.S. Labor Department’s latest Consumer Price Index (CPI) report, a new analysis from government watchdog Accountable.US found many of the largest general consumer S&P 500 companies have admitted to benefiting from increased prices as their net profits increased year-over-year and they rewarded shareholders with billions in new shareholder handouts. The data is more evidence that while inflation is slowing, the Fed’s strategy of repeated interest rate hikes has been unable to contain a key driver of excessive consumer prices — corporate greed.

Accountable.US’ review found General Mills, whose executives admitted to “getting smart about how we look at pricing” while implementing “list price increases,” saw its net income increase 16.5% to $2.7 billion in its FY 2022 and saw continued profit increases in the first nine months of its FY 2023. Additionally, the company spent over $2.12 billion in shareholder handouts and $1.2 billion on the acquisition of Tyson Foods’ pet treats business in its FY 2022 and has nearly matched shareholder handouts in just the first nine months of FY 2023. Read more in MarketWatch.

Accountable.US also found Tyson––whose executives touted seeing “significant pricing power of our portfolio with a year-over-year increase of 7.6%”––saw its net income increase from $3 billion in FY 2021 to over $3.2 billion in FY 2022 and rewarded shareholders with $1.35 billion in handouts––$652 million more than the previous year, including a 948.5% increase in stock buybacks.

Analysis: These S&P 500 Companies Inflated Prices Despite Bigger Profits and Investor Handouts - Accountable US

Following the U.S. Labor Department’s latest Consumer Price Index (CPI) report, a new analysis from government watchdog Accountable.US found many of the largest general consumer S&P 500 companies have admitted to benefiting from increased prices as their net profits increased year-over-year and...

accountable.us

Is this supposed to support Joe Biden saying inflation has dropped ten months in a row? And an argument that Biden is powerless is to do anything about the soaring cost of food and gas?

 

[Say it aint so]

Here's DeSantis himself explaining it:

That video is dated about the same time as this news story:

​

"TAMPA, Fla. (WFLA) — Inflation has reached another historic high, this time the largest 12-month increase since May 1979, according to the U.S. Bureau of Labor Statistics. While it’s the largest increase in 43 years, the measure of inflation has gone down since July, dropping 0.2%. Despite the small decrease nationally, Florida’s cities instead saw slight increases, keeping the state expensive compared to other states.​

​

So as it notes, while the rate of inflation for the country as a whole was decreasing, the state of Florida's was increasing.

Atta boy Ron!

 

[Pommer]

Too much money under the Biden regime, vote for DeSantis.

Really!?
Has team DeSantis released a farm policy?

And his son who died fighting in Iraq. And his plans to build a railroad across the Pacific to the Indian ocean.

With a ride so smooth the phonograph records don’t skip!

 

[Pommer]

General Mills and their corporate siblings thank you.


WASHINGTON, DC – Following the U.S. Labor Department’s latest Consumer Price Index (CPI) report, a new analysis from government watchdog Accountable.US found many of the largest general consumer S&P 500 companies have admitted to benefiting from increased prices as their net profits increased year-over-year and they rewarded shareholders with billions in new shareholder handouts. The data is more evidence that while inflation is slowing, the Fed’s strategy of repeated interest rate hikes has been unable to contain a key driver of excessive consumer prices — corporate greed.

Accountable.US’ review found General Mills, whose executives admitted to “getting smart about how we look at pricing” while implementing “list price increases,” saw its net income increase 16.5% to $2.7 billion in its FY 2022 and saw continued profit increases in the first nine months of its FY 2023. Additionally, the company spent over $2.12 billion in shareholder handouts and $1.2 billion on the acquisition of Tyson Foods’ pet treats business in its FY 2022 and has nearly matched shareholder handouts in just the first nine months of FY 2023. Read more in MarketWatch.

Accountable.US also found Tyson––whose executives touted seeing “significant pricing power of our portfolio with a year-over-year increase of 7.6%”––saw its net income increase from $3 billion in FY 2021 to over $3.2 billion in FY 2022 and rewarded shareholders with $1.35 billion in handouts––$652 million more than the previous year, including a 948.5% increase in stock buybacks.

Analysis: These S&P 500 Companies Inflated Prices Despite Bigger Profits and Investor Handouts - Accountable US

Following the U.S. Labor Department’s latest Consumer Price Index (CPI) report, a new analysis from government watchdog Accountable.US found many of the largest general consumer S&P 500 companies have admitted to benefiting from increased prices as their net profits increased year-over-year and...

accountable.us

You mean while honest, well meaning voters were being told that inflation was Biden’s fault, companies figured it was a good time to rake-it-in and allow Joe to take the heat?
No!

 

[Pommer]

Here's DeSantis himself explaining it:

I got halfway through before his hands hypnotized me.
You gotta a timestamp?

 

[A2SG]

You mean while honest, well meaning voters were being told that inflation was Biden’s fault, companies figured it was a good time to rake-it-in and allow Joe to take the heat?
No!

Maybe we should put corporate greed along with death and taxes as a certainty of life.

-- A2SG, seems inevitable.....

 

[Pommer]

Maybe we should put corporate greed along with death and taxes as a certainty of life.

-- A2SG, seems inevitable.....

I believe Adam’s H2G2 covers this in the article about the Sirius Cybernetics Corporation.

 

[A2SG]

I believe Adam’s H2G2 covers this in the article about the Sirius Cybernetics Corporation.

Ah yes, a bunch of mindless jerks who'll be the first against the wall when the revolution comes.

-- A2SG, remember them well....

 

[RoBo1988]

Is this supposed to support Joe Biden saying inflation has dropped ten months in a row? And an argument that Biden is powerless is to do anything about the soaring cost of food and gas?

No, they are showing you that it's BIG FOOD, BIG FARMS,and BIG GROCERY; like BIG OIL, and formerly BIG PHARMA and BIG BANKING(which they are strangely friendly to, and seldom mention, these days ) are the REAL reason for your misery. Not that good, kind, benevolent, Joe Biden, and BIG GOVERNMENT that says "I'm here to help"(and "God save the Queen ).
The government that can give you everything you want, can also take everything you have.

 

[KCfromNC]

I’m curious how DeSantis is going to lower your grocery bill.

Obviously by nationalizing food production and distribution and putting the government in charge of all grocery stores it the US. You know, typical small government republican kind of stuff.

Right after he finishes up on his recent promise to defund law enforcement.

The guy sounds an awful lot like a liberal, given his policies (ignoring the book banning, of course).

 

[comana]

Here's DeSantis himself explaining it:

I watched the entire video but nothing on how he is going to lower inflation.

 

[wing2000]

Here's DeSantis himself explaining it:

Try again....if you're going to imply Biden's policies are leading to higher inflation, you should be able articulate DeSantis's polices to address inflation. And no, I'm not listening to an 8 minute video.

 

[wing2000]

Is this supposed to support Joe Biden saying inflation has dropped ten months in a row? And an argument that Biden is powerless is to do anything about the soaring cost of food and gas?

I am sharing one factor that is contributing to the ongoing inflation. How do you (DeSantis) propose we address companies like General Mills keeping their product prices high at the expense of consumers?

"Accountable.US’ review found General Mills, whose executives admitted to “getting smart about how we look at pricing” while implementing “list price increases,” saw its net income increase 16.5% to $2.7 billion in its FY 2022 and saw continued profit increases in the first nine months of its FY 2023. Additionally, the company spent over $2.12 billion in shareholder handouts and $1.2 billion on the acquisition of Tyson Foods’ pet treats business in its FY 2022 and has nearly matched shareholder handouts in just the first nine months of FY 2023. Read more in MarketWatch.

Accountable.US also found Tyson––whose executives touted seeing “significant pricing power of our portfolio with a year-over-year increase of 7.6%”––saw its net income increase from $3 billion in FY 2021 to over $3.2 billion in FY 2022 and rewarded shareholders with $1.35 billion in handouts––$652 million more than the previous year, including a 948.5% increase in stock buybacks."

 

[DaisyDay]

And his son who died fighting in Iraq.

His son died of brain cancer which he attributes to exposure to toxic burn pits in Iraq and Kosovo where Beau served. But it's funny, right?

And his plans to build a railroad across the Pacific to the Indian ocean.

What was the context for this?

That’s why, moving forward, the United States will enhance our focus on investing in key economic corridors. In practice, that means making game-changing investments in regions that could lead to positive impacts across multiple sectors in multiple countries.​

​

We’ve already started working with our partners to make this happen. For example, in Sub-Saharan Africa, the U.S. Development Finance Corporation is looking to invest in this first railway project on the continent. The rail line would extend from the western shores of Angola to the border of the DRC and Zambia, with the goal of ultimately reaching the Indian Ocean, connecting the continent east to west for the first time.​

So, I don't get the joke unless it is to pretend that Biden doesn't know what he is saying by quote-mining.

 

[DaisyDay]

The guy sounds an awful lot like a liberal, given his policies (ignoring the book banning, of course).

War on Woke!

 

[Rev. Adam McKay PhD]

=​

Did he say that before or after he fell down

I have never fallen down, or pooped my pants, or done anything embarrassing.
If he were Trump, he'd claim he was joking. Like with the bleach thing.

 

[Rev. Adam McKay PhD]

I am sorry. Did everyone fall on their head? The entire world shut down due to a pandemic. The US President at the time suggested in a serious meeting with health officials that maybe people should drink bleach. We survived the crisis and inflation has nothing to do with all the Trump checks for free cash.

Honestly, we really should thank God, no matter what political affiliation you are, that we are doing as well as we are. Over a MILLION AMERICANS DIED. Did we forget that? They didn't die on a battlefield, but slowly in overwhelmed hospitals which we all ultimately paid for. We had two choices, some inflation, or massive job loss.

 

[Rev. Adam McKay PhD]

Honestly, no one likes Biden or Trump. Our country survived a crisis. I realize that some people believe in reptile alien people in the government and read things from QAnon or whatever.... but seriously, over a million people died from COVID in the US. The US rebounded fantastically. That means that both parties can get together for the good of the nation and choose not to do so in peacetime. What are the big issues? Gays and abortion. Those are really not issues, they are blinders on the horse of American democracy.

 

[JustOneWay]

I am sorry. Did everyone fall on their head? The entire world shut down due to a pandemic. The US President at the time suggested in a serious meeting with health officials that maybe people should drink bleach. We survived the crisis and inflation has nothing to do with all the Trump checks for free cash.

Honestly, we really should thank God, no matter what political affiliation you are, that we are doing as well as we are. Over a MILLION AMERICANS DIED. Did we forget that? They didn't die on a battlefield, but slowly in overwhelmed hospitals which we all ultimately paid for. We had two choices, some inflation, or massive job loss.

I shutter to think where would we have been without hydroxychloroquine and ivermectin...