Elizabeth Warrens Latest Policy Disaster

Elizabeth Warren, the woman who lied about being native Indian to advance her career now comes up with a bill where companies would have to explain (or justify) why they are increasing prices.

Even Maduro in Venezuela abandoned this crazy idea. The Democrats are quite simply, the worst government in American history.

https://www.washingtonpost.com/business/on-small-business/warren-bill-would-require-companies-to-explain-price-hikes/2022/05/12/c834e506-d1f7-11ec-886b-df76183d233f_story.html

Trump rather cruelly called her Pochahontas. :anguished:

This is already moot in a couple different ways. First, as the article notes, the Senate won’t go for it. But more importantly, the article in the OP is slightly dated from 5/13/22. Since then, the Fed’s inflation indicator shows a possible slowing of inflation. No one is going to pay money to watchdog something that’s not running out of control.

The article in the thread below is from 5/27/22, highlighting events that happened after the Bill was introduced.

He called her fake Pocahontas I think, on the grounds she lied about her Native American roots to qualify (fraudulently) for a college grant.

He also did this which was hilarious

This bill will cause business to leave the USA in droves. When governments get involved with the markets it always ends in a disaster, as we saw in Venezuela.

Warrens plan goes something like this …

  1. Give people more free money, which then puts huge excesses of money in the country. For example, (free) universal childcare including pre-kindergarten (she tweeted this last Sunday).

  2. Restrict supply of goods and services so that if inflation goes up, blame businesses and prevent them from increasing prices.

= inflation death spiral …

The USA ends up with a huge abundance of money in the country (as it is here because of the pandemic furloughing, grants, loans, fraud etc) and then restrict the supply chains even further by bankrupting businesses that can no longer make a profit, increasing unemployment (bankruptcies) , meaning more welfare, (free money) while other businesses move abroad, reducing tax revenues and increasing poverty - more free money (welfare), more borrowing, more inflation, more price restrictions on businesses, more businesses leave, higher unemployment, more welfare, more borrowing …

Just like Venezuela - even Maduro tore up this stupid idea.