As usual Trump is bleating about the upcoming election and how he will be cheated through fraudulent actions if he loses. Another point being made in this commentary is the pricing of goods which went up 14% while corporate profits when up five times as much. A Kroger Director admits such for some food products.

My argument over the years has been prices can increase unduly and not due to increases in cost. Companies can increase prices because they can do so and blame such on a national crisis. We did experience similar in the aftermath of 2008 in manufacturing. Suppliers then rolled out a “take it or leave it approach.”

Economies typically return to normal over time. The time for a reckoning may yet present itself.

Letters from an American

by Prof. Heather Cox Richardson

Former president Trump appears to have slid further since last night’s news about a new grand jury’s superseding indictment of him on charges of trying to overthrow the 2020 presidential election. Over the course of about four hours this morning, Trump posted 50 times on his social media platform, mostly reposting material that was associated with QAnon, violent, authoritarian, or conspiratorial. 

He suggested he is “100% INNOCENT,” and that the indictment is a “Witch Hunt.” He called for trials and jail for special counsel Jack Smith, former president Barack Obama, and the members of Congress who investigated the January 6, 2021, attack on the U.S. Capitol. And he reposted a sexual insult about the political careers of both Vice President Kamala Harris and former Secretary of State Hillary Clinton.

Meanwhile, Trump’s campaign has today escalated the fight about Trump’s photo op Monday at Arlington National Cemetery, where campaign staff took photos and videos in Section 60, the burial ground of recent veterans, apparently over the strong objections of cemetery officials. Then the campaign released photos and a video from the visit attacking Harris. 

Arlington National Cemetery was established on the former property of General Robert E. Lee in 1864, after the Lee family did not pay their property taxes. At the time, Lee was leading Confederate forces against the United States government, and those buried in the cemetery in its early years were those killed in the Civil War. The cemetery is one of two in the United States that is under the jurisdiction of the U.S. Army, and it is widely considered hallowed ground.  

A statement from the Arlington National Cemetery reiterated: “Federal law prohibits political campaign or election-related activities within Army National Military Cemeteries, to include photographers, content creators or any other persons attending for purposes, or in direct support of a partisan political candidate’s campaign. Arlington National Cemetery reinforced and widely shared this law and its prohibitions with all participants. We can confirm there was an incident, and a report was filed.”

Republican vice presidential candidate Senator J.D. Vance of Ohio first said there was a “little disagreement” at the cemetery, but in Erie, Pennsylvania, today he tried to turn the incident into an attack on Harris. “She wants to yell at Donald Trump because he showed up?” Vance said. “She can go to hell.” Harris has not, in fact, commented on the controversy. 

VoteVets, a progressive organization that works to elect veterans to office, called the Arlington episode “sickening.”

In an interview with television personality Dr. Phil that aired last night, Trump suggested that Democrats in California each got seven ballots and that he would win in the state if Jesus Christ counted the votes. As Philip Bump of the Washington Post pointed out today, Trump has always said he could not lose elections unless there was fraud; last night he suggested repeatedly that God wants him to win the 2024 election.  

When asked his opinion of Vice President Harris, Trump once again called her “a Marxist,” a reference that would normally be used to refer to someone who agrees with the basic principles outlined by nineteenth-century philosopher Karl Marx in his theory of how society works. In Marx’s era, people in the U.S. and Europe were grappling with what industrialization would mean for the relationship between individual workers, employers, resources, and society. Marx believed that there was a growing conflict between workers and capitalists that would eventually lead to a revolution in which workers would take over the means of production—factories, farms, and so on—and end economic inequality.

Harris has shown no signs of embracing this philosophy, and on August 15, when Trump talked at reporters for more than an hour at his Bedminster property in front of a table with coffee and breakfast cereal at what was supposed to be a press conference on the economy, he said of his campaign strategy: “All we have to do is define our opponent as being a communist or a socialist or somebody that’s going to destroy our country.” 

Trump uses “Marxist,” “communist,” and “socialist” interchangeably, and when he and his allies accuse Democrats of being one of those things, they are not talking about an economic system in which the people, represented by the government, take control of the means of production. They are using a peculiarly American adaptation of the term “socialist.”

True socialism has never been popular in America. The best it has ever done in a national election was in 1912, when labor organizer Eugene V. Debs, running for president as a Socialist, won 6% of the vote, coming in behind Woodrow Wilson, Theodore Roosevelt, and William Howard Taft. 

What Republicans mean by “socialism” in America is a product of the years immediately after the Civil War, when African American men first got the right to vote. Eager to join the economic system from which they had previously been excluded, these men voted for leaders who promised to rebuild the South, provide schools and hospitals (as well as prosthetics for veterans, a vital need in the post-war U.S.), and develop the economy with railroads to provide an equal opportunity for all men to rise to prosperity. 

Former Confederates loathed the idea of Black men voting almost as much as they hated the idea of equal rights. They insisted that the public programs poorer voters wanted were simply a redistribution of wealth from prosperous white men to undeserving Black Americans who wanted a handout, although white people would also benefit from such programs. Improvements could be paid for only with tax levies, and white men were the only ones with property in the Reconstruction South. Thus, public investments in roads and schools and hospitals would redistribute wealth from propertied men to poor people, from white men to Black people. It was, opponents said, “socialism.” Poor black voters were instituting, one popular magazine wrote, “Socialism in South Carolina” and should be kept from the polls.

This idea that it was dangerous for working people to participate in government caught on in the North as immigrants moved into growing cities to work in the developing factories. Like their counterparts in the South, they voted for roads and schools, and wealthy men insisted these programs meant a redistribution of wealth through tax dollars. They got more concerned still when a majority of Americans began to call for regulation to keep businessmen from gouging consumers, polluting the environment, and poisoning the food supply (the reason you needed to worry about strangers and candy in that era was that candy was often painted with lead paint).

Any attempt to regulate business would impinge on a man’s liberty, wealthy men argued, and it would cost tax dollars to hire inspectors. Thus, they said, it was a redistribution of wealth. Long before the Bolshevik Revolution in Russia brought the fears of a workers’ government to life, Americans argued that their economy was under siege by socialists. Their conviction did indeed lead to a redistribution of wealth, but as regular Americans were kept from voting, the wealth went dramatically upward, not down.

The powerful formula linking racism to the idea of an active government and arguing that a government that promotes infrastructure, provides a basic social safety net, and regulates business is socialism has shaped American history since Reconstruction. In the modern era the Brown v. Board of Education Supreme Court decision of 1954 enabled wealthy men to convince voters that their tax dollars were being taken from them to promote the interests of Black Americans. President Ronald Reagan made that formula central to the Republican Party, and it has lived there ever since, as Republicans call any policy designed to help ordinary Americans “socialism.”

Vice President Harris recently said she would continue the work of the Biden administration and crack down on the price-fixing, price gouging, and corporate mergers that drove high grocery prices in the wake of the pandemic. Such plans have been on the table for a while: Senator Bob Casey (D-PA) noted last year that from July 2020 through July 2022, inflation rose by 14% and corporate profits rose by 75%. He backed a measure introduced by Senator Elizabeth Warren (D-MA)—who came up with the idea of the Consumer Financial Protection Bureau—that would set standards to prevent large corporations from price gouging during an “exceptional market shock” like a power grid failure, a public health emergency, a natural disaster, and so on. Harris’s proposal was met with pushback from opponents saying that such a law would do more harm than good and that post-pandemic high inflation was driven by the market.

Yesterday, during testimony for an antitrust case, an email from the senior director for pricing at the grocery giant Kroger, Andy Groff, to other Kroger executives seemed to prove that those calling out price gouging were at least in part right. In it, Groff wrote: “On milk and eggs, retail inflation has been significantly higher than cost inflation.”