By Taxpayers Association of Oregon
Tina Kotek is hosting a rally event this weekend and the guest speaker is U.S. Senator Elizabeth Warren.
U.S. Senator Elizabeth Warren blamed rising prices, not on record high inflation or the Federal Government spending nearly five trillion in above budget spending, but rather on Fred Meyer parent company Kroger for raising prices. Senator Warren even suggested that Kroger is too big and should be broken up.
Reason Magazine showed that Senator Warren even, “sent a letter to Kroger, Albertsons, and Publix, excoriating the grocery giants for “passing costs on to consumers to preserve your pandemic gains”… But Warren could hardly have picked a worse industry to use as an example: Grocery stores consistently have among the lowest profit margins of any economic sector…. the entire retail grocery industry currently averages barely more than 1 percent in net profit. In its most recent quarter, Kroger reported a profit margin of 0.75 percent, during a time in which Warren claims that the chain was “expanding profits”…”
That is how radical liberals will take their blame game.
Oregon Senator Ron Wyden recently blamed the baby formula shortage on the Trump tax cuts of 2017. Wyden said the businesses should have taken their tax savings to expand their business. It wasn’t the fact that the government shut the business down over an ingredient scare that did not prove correct.
The same for President Biden who visited Kotek a few days ago.