J.D. Vance recently blamed Vice President Kamala Harris for an increase in prices for eggs, but observers noted that his point was undermined by a contradictory price tag behind him. CNN's Kit Maher reported than Donald Trump's pick for Vice President "swung by supermarket in Reading, Pennsylvan...
    • partial_accumen@lemmy.world
      19·
      3 months ago

      As a reporter, I’d ask him why, as a current sitting Senator, Vance himself hasn’t done anything to help lower the price of eggs even while his colleagues in the Senate and the House are.

      Kroger exec admits to artificially increasing the price of eggs: link

      27 Representitives and Senators calling for a block of the merger between Kroger and Albertsons: link

      …Vance was not among those calling for a block of the merger of the price fixing grocery store…

    • merc@sh.itjust.works
      5·
      3 months ago

      The egg shortage has enabled record quarterly profits and sales at Cal-Maine Foods (CALM), the largest producer and distributor of eggs in the United States. The company produces brands such as Farmhouse Eggs, Sunups, Sunny Meadow, Egg-Land’s Best and Land O’ Lakes eggs.

      https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html

      The problem, once again, is monopolies. Not enough competition means one company can jack up prices.

      It’s not clear if Harris will continue Biden’s policies, but one of the best things Biden’s admin has done is to actually go after monopolies for the first time in decades. Under a Trump / Vance presidency, I don’t think that’s very likely.