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wtf is wrong with the right?

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illiniray

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Re: wtf is wrong with the right?
« Reply #2340 on: May 15, 2022, 03:30:22 PM »
Quote from: ThePAMan on May 15, 2022, 03:18:47 PM
I don't think relying on a National Palestianian Radio article is going to sway those here on right....

The Real Reason Big Oil Won’t Save the U.S. from High Gas Prices

"investors aren’t convinced that drilling is the best best this time around. The most obvious reason for staying the course is that high prices are good for investors. Oil companies are extremely profitable right now and Wall Street firms generally prefer that the companies return those profits to investors—either through dividends or stock buybacks—rather than spend it on new projects that may not be profitable down the road. As oil prices rise, the profits that can be returned to investors will only grow. If they fall, the companies have sufficient padding to avoid steep losses."

https://time.com/collection-post/6156525/gas-prices-oil-prices-oil-and-gas-industry/
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ThePAMan

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Re: wtf is wrong with the right?
« Reply #2341 on: May 15, 2022, 03:52:49 PM »
Quote from: illiniray on May 15, 2022, 03:21:42 PM
Another example of our free market at work:
 
"America is running out of baby formula because 3 companies control the market and babies aren’t that profitable “There's plenty of blame to go around here,” says one expert.

"The baby formula market exists as a shared monopoly, with only a few manufacturers controlling nearly all supply.

Abbott had an approximately 43% market share a decade ago, according to a USDA report from 2011 — the most recent number available. Little has changed since then. The company still maintains exclusive provider contracts in many states with WIC, the USDA’s supplemental nutrition program for low-income families, which makes up nearly half of formula sales nationwide. A few other manufacturers, including Mead-Johnson and Nestlé, also have WIC contracts and control the rest of the market."

https://fortune.com/2022/05/14/baby-formula-shortage-milk-monopoly-fda/

Can't make money if the kids are drinking from the boob for free.
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Somewhere in Mn

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Re: wtf is wrong with the right?
« Reply #2342 on: May 16, 2022, 08:27:19 AM »
Also from the Fortune link ...

"When submitting the report for the record last month, Rep. Rosa DeLauro (D-Conn.) wrote: “I am equally concerned that the FDA reacted far too slowly to this report. The report was submitted to the FDA on Oct. 20, 2021. The FDA did not interview the whistleblower until late December 2021. According to news reports, FDA did not inspect the plant in person until Jan. 31, 2022, and the recall was not issued until Feb. 17, 2022.”

The agency did not finish its inspection and issue observations to Abbott until March 18."

And ......

"the company reported that nothing on its premises matched the specific strain of bacteria that caused the illnesses and deaths."

From Abbott .....



And a month before the recall ...
"The Wall Street Journal had a prominently-featured in-depth article on January 12, 2022:

Baby formula has been hard to find in many parts of the U.S. for months, sending parents searching for Enfamil, Similac, Gerber and other brands."
https://www.nationalreview.com/corner/biden-we-would-have-to-be-mind-readers-to-see-to-formula-shortage-coming/

From Biden, on Friday ...
 "If we’d been better mind readers, I guess we could have. But we moved as quickly as the problem became apparent to us, ...."


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alum74

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Re: wtf is wrong with the right?
« Reply #2343 on: May 16, 2022, 02:13:41 PM »
No stopgap solutions please.  The baby formula shortage is the “result of decades of bad policy, including monopolization, centralization of production and lax regulatory response.”

The Age of Rationing
https://prospect.org/economy/the-age-of-rationing/



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illiniray

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Re: wtf is wrong with the right?
« Reply #2344 on: May 16, 2022, 03:55:01 PM »
I am willing to bet the FDA followed established procedure. We need to make government more effective. Efforts in that direction are not a high priority for Republicans.

I think Biden meant Trump left such a mess he would have to be clairvoyant to anticipate all of it. Not that Trump caused Covid, but deregulation and downsizing government has consequences. Ask W.
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illiniray

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Re: wtf is wrong with the right?
« Reply #2345 on: May 16, 2022, 04:08:25 PM »
The Republicans are the Party that intentionally breaks government;  then says see, I told you it doesn't work. The Democrats are the Party that tries to make government work, but doesn't know how. 

Republicans want to censor books; Democrats want to censor pronouns.

 
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illiniray

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Re: wtf is wrong with the right?
« Reply #2346 on: May 16, 2022, 04:42:12 PM »
The Abbot plant was contaminated with a dangerous bacteria, but it wasn't the exact strain that killed babies. Interesting defense.
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ThePAMan

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Re: wtf is wrong with the right?
« Reply #2347 on: May 16, 2022, 04:52:25 PM »
Illiniray = Tempo is a match.
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murphstahoe

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Re: wtf is wrong with the right?
« Reply #2348 on: May 18, 2022, 08:59:02 PM »
George W. Bush: "The decision of one man to launch a wholly unjustified and brutal invasion of Iraq — I mean of Ukraine."
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illiniray

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Re: wtf is wrong with the right?
« Reply #2349 on: May 18, 2022, 11:58:15 PM »
Turns out Trump's America First policies contributed bigly to the baby formula crisis. His trade deal imposed tariffs and quotas on Canadian baby food. It was predicted baby formula could be an unintended casualty.
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IlliniGolf

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Re: wtf is wrong with the right?
« Reply #2350 on: May 19, 2022, 01:47:19 AM »
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Somewhere in Mn

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Re: wtf is wrong with the right?
« Reply #2351 on: May 19, 2022, 06:48:45 AM »

 "If we’d been better mind readers, I guess we could have. But we moved as quickly as the problem became apparent to us, ...."
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ThePAMan

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Re: wtf is wrong with the right?
« Reply #2352 on: May 19, 2022, 08:32:20 AM »
Quote from: Mn on May 19, 2022, 06:48:45 AM
"If we’d been better mind readers, I guess we could have. But we moved as quickly as the problem became apparent to us, ...."

They should have known that monopolization of baby formula manufacturing here would precipitate such a crisis. Trump should have had the foresight to see that the tariffs would exacerbate the problem.
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Custard

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Re: wtf is wrong with the right?
« Reply #2353 on: May 19, 2022, 09:53:16 AM »
If only it were that easy. Supply rationing is happening in tons of industries right now in order to keep prices artificially high. And then blaming it on Covid or supply chain issues.

At some point we have to hold the current government accountable rather than reverse passing the buck back to Trump. Stop giving the Biden administration a free pass for everything, it’s embarrassing.
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ILLove1997

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Re: wtf is wrong with the right?
« Reply #2354 on: May 19, 2022, 11:02:08 AM »
Quote from: murphstahoe on May 18, 2022, 08:59:02 PM
George W. Bush: "The decision of one man to launch a wholly unjustified and brutal invasion of Iraq — I mean of Ukraine."

lol I thought you were making things up but he actually said that hahahahaha what a dipshit

https://twitter.com/BNONews/status/1527096243821989888
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