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Joe Biden 2022: Enter Dark Brandon

Longboard Horn

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TwiceHorn

TwiceHorn 31471

Posted
Posted
8 hours ago, maninblack said:

Completely ridiculous communist drivel example. Particularly poignant b/c it was one year ago today.

https://www.washingtonpost.com/outlook/2021/02/10/iowa-lift-all-restrictions/

 

Your point? https://www.foxnews.com/politics/iowa-governor-lifts-masks-requirements-other-coronavirus-restrictions

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TurkeyChew

TurkeyChew 383

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50 minutes ago, Goofyboy said:

Just a few companies hiding behind “inflation” while hiking prices for record profits…
 

I’ve seen a few posts like this. I’ve responded to them all in order to try to dig deeper and have a discussion. Unsurprisingly nobody has responded because these are always extremely provocative tweets (and it’s always tweets) that are lies/half truths.

Did you read her 7 tweets on this topic? She references some quotes on earning calls, out of context, and with nothing to tie back to her original clickbait tweet. I feel like some level of business education should be a pre-req for people these days, but the fact she has to explain who these companies are and what they do/sell, just tells me she’s trying to stoke fear and anger in poor people for her own agenda.

This is the best response:

“Did they say anything about changes to their COGS/input prices?”

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Immaculate Vibes

Immaculate Vibes 114

Posted
Posted
45 minutes ago, Goofyboy said:

Just a few companies hiding behind “inflation” while hiking prices for record profits…
 

Record profits. As another poster pointed out when this was brought up with Starbucks I think, you have to look at gross margins. Sales - cost of goods sold. Gross margins for 3 of the 4 companies listed are within historical ranges. Tyson foods at high end of their range. 
 

Are companies supposed to eat their increased cost inputs? That’s ridiculous.

On economic issues be careful quoting a woman with a PhD in sociology that used to work for Elizabeth Warren. 
 

03978172-DECE-47-E0-A804-AB09-B9-B58-D81

1623233-A-67-D9-476-F-957-B-ADD7-CA1061-

 

37-B354-A7-2-CF6-44-B1-9-BB1-629213-B143

49920-D20-6-C6-C-4-C6-B-97-E7-73-D7-E936

 

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Immaculate Vibes

Immaculate Vibes 114

Posted
Posted
3 minutes ago, TurkeyChew said:

I’ve seen a few posts like this. I’ve responded to them all in order to try to dig deeper and have a discussion. Unsurprisingly nobody has responded because these are always extremely provocative tweets (and it’s always tweets) that are lies/half truths.

Did you read her 7 tweets on this topic? She references some quotes on earning calls, out of context, and with nothing to tie back to her original clickbait tweet. I feel like some level of business education should be a pre-req for people these days, but the fact she has to explain who these companies are and what they do/sell, just tells me she’s trying to stoke fear and anger in poor people for her own agenda.

This is the best response:

“Did they say anything about changes to their COGS/input prices?”

lol you beat me by seconds. 

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TurkeyChew

TurkeyChew 383

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Posted

I mean, are there companies who are benefiting from inflation and able to lift prices under it as a guise? I’m sure there are.

Are there publicly traded, highly scrutinized and audited organizations hiking prices under a false flag of inflation while their costs are the same or decreasing (leading to profit growth)? What industry would those conditions even exist? Looking at what is driving inflation on those charts it’s Energy and Cars, right? So let’s take a quick look at leaders in O&G and Auto categories:

Exxon in 2020: lost ~24bn

Exxon in 2021: profit ~24bn

—

Jim Farley (CEO of Ford) whose stock price is/was recently the highest it’s ever been in the storied history of Ford, has repeatedly and on record threatened dealerships who price gouge and take advantage of inflation and choked supply with being cut off from Ford inventory.

But let’s tweet that big business makes a lot of money in volume and their percentages YoY are up because coming out of the worst of Covid because it’s politically provocative.

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Neonmoon

Neonmoon 38129

Posted
Posted

Oil & Gas prices are determined by supply and demand. That's it. There is too much demand and not enough supply, hence the high prices. 

But, but, but Neon, why don't the OG companies supply more? Well, increasing supply costs money (capex) and time. After the collapse of 2014 and 2020, OG companies and probably more so, the financial markets are not as eager to invest in OG after getting slaughtered the past 7 years. Everyone is being cautious. Big swings in price are good for no one. 

this was stolen from 52-80 on oil thread. 

"Companies have been pretty measured with their spending compared to the oil price since 2015... they probably learned not to get rugged again.

capex (stairstep blue) vs crude price (orange)

XOM"

image.thumb.png.38f3b63a818ceba3587f02ee4a80429c.png

 

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Goofyboy

Goofyboy 3293

Posted
Posted

I have no issue with companies raising prices. Raise them through the roof and maybe demand falls off.

My issue is the narrative that it’s governments fault or their job to fix it is poor. Prices are up because they’ve been raised and companies are getting record profits.

That said - republicans screaming about inflation is laughable when their corporate owners are getting $$$$$.

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elfenix

elfenix 34240

Posted
Posted
17 minutes ago, Anastasis said:

I expect that sociologist are about as good at economics as economists are at epidemiology. 

one of the most brilliant people i personally know came up academically through economics and professionally is an epidemiologist who got promoted to geneva last year.  turns out econometrics and multivariate analysis is a pretty damn good background for epidemiology. 

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Immaculate Vibes

Immaculate Vibes 114

Posted
Posted
18 minutes ago, Goofyboy said:

I have no issue with companies raising prices. Raise them through the roof and maybe demand falls off.

My issue is the narrative that it’s governments fault or their job to fix it is poor. Prices are up because they’ve been raised and companies are getting record profits.

That said - republicans screaming about inflation is laughable when their corporate owners are getting $$$$$.

 

2 hours ago, Goofyboy said:

Just a few companies hiding behind “inflation” while hiking prices for record profits…
 

Looks like you do have an issue with it. 
 

It is the government’s fault, partially. Repeated stimulus helped juice the economy but also inflation. It’s also not solely Biden’s fault, but that’s what goes with being President. He is very fortunate that Manchin et al shot down BBB. That would’ve been pouring more gas on the fire. 

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TurkeyChew

TurkeyChew 383

Posted
Posted
30 minutes ago, Goofyboy said:

I have no issue with companies raising prices. Raise them through the roof and maybe demand falls off.

My issue is the narrative that it’s governments fault or their job to fix it is poor. Prices are up because they’ve been raised and companies are getting record profits.

That said - republicans screaming about inflation is laughable when their corporate owners are getting $$$$$.

Ultimately the lack of a distinction, or maybe it’s an understanding, between extremely basic and foundational things like “profit” and “price” and “costs”, is the problem.

 

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elfenix

elfenix 34240

Posted
Posted
47 minutes ago, Immaculate Vibes said:

He is very fortunate that Manchin et al shot down BBB. That would’ve been pouring more gas on the fire. 

not really.  BBB is a fraction of the defense bill in annual spending.  and a quite a lot less than all the stimulus that was pushed through (that also isn't that big a driver of inflation)

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StassneyHorn

StassneyHorn 6575

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27 minutes ago, TurkeyChew said:

I think you have confused yourself, based on this last post.

 

1 minute ago, Anastasis said:

Which part?

One of the funnier running social media feuds during the pandemic has been the twitter wars #epitwitter has waged on #econtwitter.  

I’m commenting on the assertion that a background in sociology disqualifies one from economic study which Immaculate is using. I thought your analogy was off, but I’ll admit I’ve largely ignored the Twitter fights between the last two groups

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TurkeyChew

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40 minutes ago, elfenix said:

not really.  BBB is a fraction of the defense bill in annual spending.  and a quite a lot less than all the stimulus that was pushed through (that also isn't that big a driver of inflation)

This is ignorant. The only thing more ignorant you could have said would be “BBB is already paid for because I have seen and trust the government’s agenda and analysis that says so and bureaucratic financial prowess with budgets and money management is best in breed and government rarely over promises and underdelivers!” 

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Sbbruin

Sbbruin 21853

Posted
Posted
46 minutes ago, elfenix said:

not really.  BBB is a fraction of the defense bill in annual spending.  and a quite a lot less than all the stimulus that was pushed through (that also isn't that big a driver of inflation)

Hmm.  Annual defense budget is around $700 bil.  Last I checked the BBB was way more than that.

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Sbbruin

Sbbruin 21853

Posted
Posted (edited)
55 minutes ago, elfenix said:

i bolded the term you wrote but didn't seem to understand.

Ah, I wasn't taking sides, and yes, didn't think this through.  Obviously BBB isn't a one year spending bill.  My bad.

Edited by Sbbruin
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Longhorn_Fan68

Longhorn_Fan68 33870

Posted
Posted
1 hour ago, elfenix said:

not really.  BBB is a fraction of the defense bill in annual spending.  and a quite a lot less than all the stimulus that was pushed through (that also isn't that big a driver of inflation)

yeah, the right loves to dance on problems they fucking created. it's maddening. here, let's hand out a shitload of money and then get real fucking curious when inflation spikes. gtfo with that shit

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fattyflattie

fattyflattie 4639

Posted
Posted
1 hour ago, elfenix said:

not really.  BBB is a fraction of the defense bill in annual spending.  and a quite a lot less than all the stimulus that was pushed through (that also isn't that big a driver of inflation)

That’s because our defense is serious business. Socialized daycare, not so much.   

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TurkeyChew

TurkeyChew 383

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Posted
4 minutes ago, Gourmand said:

god you are such a stooge. it won't be long before you dipshit conservatives categorize public school as "socialized education."

Is that a joke? Public school is 100% socialized education and something to be avoided to the highly discerning family man of today.

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TurkeyChew

TurkeyChew 383

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Posted (edited)
8 minutes ago, elfenix said:

read: the government's job is to protect asset holders not poors.

The government’s job is first and foremost to protect its sovereignty and keep citizens safe from outside harm. Is this even debatable? Why else would you want a Federal Government in the early days?

Edited by TurkeyChew
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TurkeyChew

TurkeyChew 383

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Posted (edited)
3 minutes ago, JimmyJames said:

Holy shit. Fuck off troll. That’s a neg.

Dude, not sure why that triggered you. As a few have echoed it’s a known and widely held belief and not a wrong one from what I perceive. Sorry you disagree and have no tolerance for matters of taste and opinion. Nobody is saying you can’t send YOUR kids to public school.

Public school is funded by us all no matter our need and free to those who need it; how is this not socialized education just on technical definition?

Edited by TurkeyChew
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JimmyJames

JimmyJames 12271

Posted
Posted
Just now, TurkeyChew said:

Dude, not sure why that triggered you. As a few have echoed it’s a widely held belief and not a wrong one from what I perceive. Sorry you disagree and have no tolerance for matters of taste and opinion. Nobody is saying you can send YOUR kids to public school.

I get that you’re trying to get banned again. Have fun with that. 

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TurkeyChew

TurkeyChew 383

Posted
Posted
Just now, JimmyJames said:

I get that you’re trying to get banned again. Have fun with that. 

Why does having a different belief than you mean that I should be banned? Why are you so censorious?

Do you think I don’t honestly hold this belief and am just saying it to rile you up but in real life my kids go to the local public school?

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TurkeyChew

TurkeyChew 383

Posted
Posted (edited)
20 minutes ago, Gourmand said:

god you are such a stooge. it won't be long before you dipshit conservatives categorize public school as "socialized education."

Gourmand this question is specifically for you:

Public school is funded by us all no matter our need and free to those who need it; how is this not socialized education just on technical definition?

Ill edit to add if it helps you, there is equally nothing wrong with calling our military “socialized national defense”. Do you have a problem with that term as well?

Edited by TurkeyChew
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Gourmand

Gourmand 7774

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Posted
Just now, TurkeyChew said:

Gourmand this question is specifically for you:

Public school is funded by us all no matter our need and free to those who need it; how is this not socialized education just on technical definition?

Of course it is. 

The point of my post went right over your hollow head. 

SOCIALISZMS BAD!!!

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