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2024 Presidential Election thread


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16 minutes ago, oblong said:

And Harris got to lay low for 5 years, didn't have a primary, and can control how she's perceived.  When all the GOP has is coming up with nicknames and screwing up her name and talking about post menopausal women... well, why should she change course?  Normal is in.  

 

Let Kamala be Kamala!

Edited by chasfh
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How long before Trump claims that Walmart is lowering prices because they believe he will be elected, and then they'll rasie prices back up if Kamala wins?

1 big thing: Doling out discounts

By Nathan Bomey

 

 

Illustration: Brendan Lynch/Axios

 

Price cuts are back.

Why it matters: The inflation crisis made discounts hard to come by, but that era is fading fast.

State of play: Price cuts and value offerings are piling up in a variety of areas, including:

  • Retail: Walmart, a bellwether discounter, said today it has cut prices on 7,200 products in a bid to maintain what it calls "competitive price gaps" with its rivals. Other retailers that have recently announced price cuts include Target, Walgreens, Aldi and Ikea.
  • Autos: Dealers doled out an average of $3,383 per vehicle in discounts in July, up 59.1% from a year ago, according to Cox Automotive's Kelley Blue Book. That was the highest level of incentives in more than three years.
  • Restaurants: The fast-food business has pivoted from price hikes to meal deals, aiming to lure back customers. Burger King, Starbucks and McDonald's have all announced value meals.

The big picture: It's not just lower-income consumers who are looking for deals. Higher-income shoppers are becoming increasingly price sensitive, too.

  • Walmart raised its full-year sales forecast today, crediting wealthier household customers with fueling market share gains.

Yes, but: Price cuts won't wipe out the substantial increases that have taken place over the last few years.

  • For example, the Consumer Price Index released yesterday showed that food at home is up 26.9% over the last five years.

The bottom line: Consumers are regaining an edge.

Axios' Kelly Tyko contributed to this story.

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29 minutes ago, Tiger337 said:

The price gouging ban might play well to her populist base, but it opens her up to more accusations of communism.  It's unrealistic and shouldn't be #1 on her economic plan.  

The word "communism" gets thrown around so much these days to the point where it has lost all meaning.

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