This is what Kamala is running on,and plans to release her new communist price control plan at her next rally.

[HHollow]

Check the economic stabilization act of 1970 which gives the executive branch broad powers to control prices, wages, rents, etc. Nixon used some of these in the early 70s.

It survived a court challenge from the meat packers union over constitutionality.

The reference was appreciated. I was but a youngster at the time (1970) and did not know of the law.

I just read the economic stabilization act of 1970. It expired February 1971.

 

[actaeon277]

Wow. How did we get so overrun with socialists? Feels intentional.

schools

and parents leaving everything to the schools

 

[BJHay]

It's interesting because the basic rules of supply and demand are easy to understand. I've met people who clearly understand the economics of the market yet will not drop support for government price controls.

Last year I had a long conversation with a smart accomplished woman who ran her own business. She wanted government-imposed rent controls. She conceded every point against it yet somehow could not bring herself to drop the idea that rent control was a good idea. I don't think she had alternative motives. That was just how her brain worked.

But then again, I'm ok with price gouging...

 

[Ark]

Well, at least with no food on the shelves, America might stand a chance at getting its obesity problem under control.

 

[smokingman]

U.S. Chamber Statement on White House Price Controls

Washington, D.C. — The U.S. Chamber of Commerce’s Executive Vice President and Chief Policy Officer, Neil Bradley, released the following statement in response to the White House’s announcement of new government regulations on pricing of goods and services. “Every minute of every day, Americans...

www.uschamber.com

Washington, D.C. — The U.S. Chamber of Commerce’s Executive Vice President and Chief Policy Officer, Neil Bradley, released the following statement in response to the White House’s announcement of new government regulations on pricing of goods and services.

“Every minute of every day, Americans engage in close to 400,000 transactions, buying and selling goods and services. It is baffling that the administration believes it is going to help consumers by regulating how businesses price all of those transactions. The reality is this attempt at price controls will only stifle the innovation that leads to more choices and lower prices for consumers.

“The Chamber urges the administration to reverse course. We need a government that is focused on holding accountable those who defraud consumers, not one focused on micromanaging the economy.”

​

 

[jwamplerusa]

Check the economic stabilization act of 1970 which gives the executive branch broad powers to control prices, wages, rents, etc. Nixon used some of these in the early 70s.

It survived a court challenge from the meat packers union over constitutionality.

Now, let's do a challenge with the current court against the 9th and 10th amendments. Be nice to do a Chevron to that law.

 

[Leo]

I was there for the last wage and price control.

Similar to today, the taxes had already gone up, the insurance had already gone up, the rents had already gone up, the food, fuel and utilities had already gone up. THEN they locked down the working class wages along with prices. All it did was hold the working class into a level of poverty that was illegal to climb out of.

Anyone who believes Kamala has the answer is too addelpated to deserve a vote.

 

[1nderbeard]

if she gets elected the country deserves all the hard times that will follow.

 

[Creedmoor]

I remember the gas shortages back when the price was controlled. Some places you could only get gas on odd or even days that matched your license plate number or some other types of rationing. Refineries had no incentive to refine gas because there was hardly any profit. Once the controls came off there was plenty of gas, is it better to have expensive gas or cheap gas but none to buy? Jim.

Fuel freighters were stacked on the Chesapeake Bay from Baltimore to just below the Chesapeake Bay bridges then.

 

[oze]

if she gets elected the country deserves all the hard times that will follow.

Why would you say that? I wouldn't deserve it. Do you think you would?

 

[GMY]

There are so many ways that cheating can be done on this election, not counting all of the illegals. I just pray that it will be fair, but the democrats are scared of Trump, I just hope that nothing bad will happen again or worse.......................... And knowing the Democrats want to take our guns away from us, and they are not afraid of stating that!!!

 

[Ark]

Now, let's do a challenge with the current court against the 9th and 10th amendments. Be nice to do a Chevron to that law.

I am not convinced there is a robust constitutional argument against wage and price controls, unfortunately.

 

[1nderbeard]

Why would you say that? I wouldn't deserve it. Do you think you would?

The country as a whole I mean.

But I am getting ready for hard times, and so should everyone. Even if Trump wins - social security has at most 10 years. If massive changes aren't made, the country can't economically sustain what's going on now.

 

[Leadeye]

Now, let's do a challenge with the current court against the 9th and 10th amendments. Be nice to do a Chevron to that law.

The act was amended in 1971 and expired in 1974. A version called the Emergency economic stabilization act is passed in 2008, but that is to deal with the mortgage bond crisis at the time.

Price controls are coming back so I think you may get to see another challenge.

 

[Leadeye]

Indiana's own Birch Bayh was a big supporter of price controls initially, but later admitted that they had been a mistake. With so much record from the past it's hard to understand why leadership would see this as a solution, but I put that in with the crowd saying the world has just never tried "new socialism".

Always understand Newspeak, phrases like Inflation Reduction Act.

 

[jwamplerusa]

I am not convinced there is a robust constitutional argument against wage and price controls, unfortunately.

Wrong approach.

The Constitution says what the Federal Government may do, and the BoRs specifies the restrictions directly placed on the Federal Government. I don't believe there is any originalist interpretation that gives the Federal Government the authority to institute wage or price controls.

If you do, please point me to the Constitutional article, amendment, or contemporaneous works.

I'm open to being schooled. Lord knows JAL has. We are where we are at due to 90 years of a leftist SCOTUS. Look what just 3 years of a centerist SCOTUS has accomplished.

 

[Ark]

Wrong approach.

The Constitution says what the Federal Government may do, and the BoRs specifies the restrictions directly placed on the Federal Government. I don't believe there is any originalist interpretation that gives the Federal Government the authority to institute wage or price controls.

If you do, please point me to the Constitutional article, amendment, or contemporaneous works.

I'm open to being schooled. Lord knows JAL has. We are where we are at due to 90 years of a leftist SCOTUS. Look what just 3 years of a centerist SCOTUS has accomplished.

The interstate commerce clause in its current over-interpreted state likely covers such matters. I don't think the 10th Amendment argument of "price controls aren't a government power because they aren't mentioned in the Constitution" is going to be any more effective at stopping those policies than it has been at stopping the existence of Medicare/Medicaid, the IRS, Social Security, the Department of Education, minimum wage, employer health insurance requirements, the ATF, or any of the other mammoth expansions of government power.

I don't think the Constitution endorses such policies, I think it's just silent on the subject. Marx didn't exist when it was written. Generally, when there's no extremely explicit prohibition in the Constitution, the feds get to do it.

It's also a double uphill battle because, frankly, wage hikes and price controls are extremely popular because people are dumb and those policies feel good for the first year or so before products disappear and inflation wipes out the gains. Those policies yield votes from dumb people, and dumb people remember how they felt the first year and default to believing more controls are the solution. So now you've got a dubious Constitutional argument against a wildly popular policy whose failure people blame on you...good luck.

 

[jwamplerusa]

wage hikes and price controls are extremely popular because people are dumb and those policies feel good for the first year or so before products disappear and inflation wipes out the gains. Those policies yield votes from dumb people, and dumb people remember how they felt the first year and default to believing more controls are the solution.

Well, we can agree on this.

 

[actaeon277]

With so much record from the past it's hard to understand why leadership would see this as a solution,...

Because..
A large part of people seem to think lessons from 3 generations back, no longer apply.
Because "they" can do better.

Or, they just never learned those lessons.