Biden - Approval

[Goalpost]

(10-20-2022, 02:07 PM)BigPapaKain Wrote: I do believe he's mocking the folks who claim that the US economy being in the dumps is somehow Biden's fault as opposed to unfettered corporate greed and the breakdown of global supply chains that the US relies on more than most are comfortable acknowledging. 

At least, that's what I think pally is doing.

https://www.macrotrends.net/stocks/charts/TGT/target/gross-margin

So if you look at Target's gross margin, as an example, the third graph in the charts, you can see that they are not playing corporate greed.  You can see the sharp decline.  They are not doing it by price.  The graphs above this, mainly the revenue one, show that they are doing it by volume.  The CEO has been on TV many times during their quarterly reports saying they are trying to keep prices down.  And this makes sense.  Their report shows it.  

And it goes along with the monthly PPI and CPI reports that gauge inflation monthly in the economy.  The costs of goods when it enters the market, the PPI, has raised consistently at a higher level than the CPI, the cost of goods when it exits to the consumer.  If there was corporate greed, the opposite would be happening. Gross margins would be higher or at least remained the same.  It's just hasn't.  And I'm only using Target as an example because they are a major established retailer with a wide variety of products.

Where Biden is at fault, to me, is with his narrative, and how people buy into this corporate greed hook, where profit reports, such as Target's, don't actually reflect that.