Steve Videtich said:
Heard this morning we're the only country in the world that has this specific shortage.
Didn't the FDA shut down that producer?Packchem91 said:Steve Videtich said:
Heard this morning we're the only country in the world that has this specific shortage.
We produce like 99% of the US formula domestically. And the biggest producer shut down its manufacturing.
I guess we don't export much and other countries do their own, or get it from Europe?
Our government created this mess. We require baby formula to be domestically produced. We have federal contracts in place that severely restrict profits for those who do produce the formula. National Review did a big piece on this two weeks ago. Long and short of it, free markets would have self-corrected long before the Abbott Labs issues surfaced but we don't have free markets due to federal involvement.Packchem91 said:We produce like 99% of the US formula domestically. And the biggest producer shut down its manufacturing.Steve Videtich said:
Heard this morning we're the only country in the world that has this specific shortage.
I guess we don't export much and other countries do their own, or get it from Europe?
Quote:
In a free market, widespread shortages shouldn't occur. The price should rise as supply gets low, which encourages more production. The increased production should prevent a prolonged shortage before it has a chance to get started, then bring the price back down as well.
The overarching problem is that price signals in the baby-formula market don't work well to begin with. A 2010 study from the USDA's Economic Research Service estimated that 57 to 68 percent of all baby formula sold in the U.S. was purchased through the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).
WIC is a federally funded program, overseen by the USDA, that is administered by the states. To be eligible for WIC purchases, baby-formula makers bid on contracts with state governments. A 2015 Wall Street Journal story explains:"WIC essentially replaces price-sensitive consumers of infant formula with price-insensitive consumers." A 2015 USDA report finds that lack of price sensitivity also contributes to the long-term increase in baby-formula prices, as both manufacturers and retailers have steadily raised their prices above the overall rate of inflation for years. We don't get short-term price increases when they would help prevent shortages, but we do get long-term price increases that slowly make formula less and less affordable which further encourages WIC expansion.Quote:
Fierce bidding for those state contracts has led the three biggest formula makers to offer steadily deeper discounts on average 92% below wholesale prices eroding profits on WIC sales. But winning a state's contract makes a formula maker the dominant player on a state's grocery store shelves, where the companies try to make up for their money-losing WIC sales.
Increased government involvement in the baby-formula market, while coming from the best of intentions, sets it up for shortages like the one families are currently experiencing
Yeah i was just reading something about the impact of WIC, and came back here and saw your post. That is very interesting. I wondered why the shutdown of just Abbot' capabilities were so impactful, but then read where they have like 2/3 of the individual state WIC deals, so that gives them a huge advantage (and in this case, disadvantage to consumers).PackFansXL said:Our government created this mess. We require baby formula to be domestically produced. We have federal contracts in place that severely restrict profits for those who do produce the formula. National Review did a big piece on this two weeks ago. Long and short of it, free markets would have self-corrected long before the Abbott Labs issues surfaced but we don't have free markets due to federal involvement.Packchem91 said:We produce like 99% of the US formula domestically. And the biggest producer shut down its manufacturing.Steve Videtich said:
Heard this morning we're the only country in the world that has this specific shortage.
I guess we don't export much and other countries do their own, or get it from Europe?Quote:
In a free market, widespread shortages shouldn't occur. The price should rise as supply gets low, which encourages more production. The increased production should prevent a prolonged shortage before it has a chance to get started, then bring the price back down as well.
The overarching problem is that price signals in the baby-formula market don't work well to begin with. A 2010 study from the USDA's Economic Research Service estimated that 57 to 68 percent of all baby formula sold in the U.S. was purchased through the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).
WIC is a federally funded program, overseen by the USDA, that is administered by the states. To be eligible for WIC purchases, baby-formula makers bid on contracts with state governments. A 2015 Wall Street Journal story explains:"WIC essentially replaces price-sensitive consumers of infant formula with price-insensitive consumers." A 2015 USDA report finds that lack of price sensitivity also contributes to the long-term increase in baby-formula prices, as both manufacturers and retailers have steadily raised their prices above the overall rate of inflation for years. We don't get short-term price increases when they would help prevent shortages, but we do get long-term price increases that slowly make formula less and less affordable which further encourages WIC expansion.Quote:
Fierce bidding for those state contracts has led the three biggest formula makers to offer steadily deeper discountson average 92% below wholesale priceseroding profits on WIC sales. But winning a state's contract makes a formula maker the dominant player on a state's grocery store shelves, where the companies try to make up for their money-losing WIC sales.
Increased government involvement in the baby-formula market, while coming from the best of intentions, sets it up for shortages like the one families are currently experiencing
Chem, there is the issue! As much as I want to be part of a free market economy, we just don't have one. The National Review is a Globalist organization. In theory, their argument makes sense; however, free market globalism has truly created the financial issue we are in. This country has to get back into manufacturing without significant federal and state involvement!Packchem91 said:Yeah i was just reading something about the impact of WIC, and came back here and saw your post. That is very interesting. I wondered why the shutdown of just Abbot' capabilities were so impactful, but then read where they have like 2/3 of the individual state WIC deals, so that gives them a huge advantage (and in this case, disadvantage to consumers).PackFansXL said:Our government created this mess. We require baby formula to be domestically produced. We have federal contracts in place that severely restrict profits for those who do produce the formula. National Review did a big piece on this two weeks ago. Long and short of it, free markets would have self-corrected long before the Abbott Labs issues surfaced but we don't have free markets due to federal involvement.Packchem91 said:We produce like 99% of the US formula domestically. And the biggest producer shut down its manufacturing.Steve Videtich said:
Heard this morning we're the only country in the world that has this specific shortage.
I guess we don't export much and other countries do their own, or get it from Europe?Quote:
In a free market, widespread shortages shouldn't occur. The price should rise as supply gets low, which encourages more production. The increased production should prevent a prolonged shortage before it has a chance to get started, then bring the price back down as well.
The overarching problem is that price signals in the baby-formula market don't work well to begin with. A 2010 study from the USDA's Economic Research Service estimated that 57 to 68 percent of all baby formula sold in the U.S. was purchased through the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).
WIC is a federally funded program, overseen by the USDA, that is administered by the states. To be eligible for WIC purchases, baby-formula makers bid on contracts with state governments. A 2015 Wall Street Journal story explains:"WIC essentially replaces price-sensitive consumers of infant formula with price-insensitive consumers." A 2015 USDA report finds that lack of price sensitivity also contributes to the long-term increase in baby-formula prices, as both manufacturers and retailers have steadily raised their prices above the overall rate of inflation for years. We don't get short-term price increases when they would help prevent shortages, but we do get long-term price increases that slowly make formula less and less affordable which further encourages WIC expansion.Quote:
Fierce bidding for those state contracts has led the three biggest formula makers to offer steadily deeper discountson average 92% below wholesale priceseroding profits on WIC sales. But winning a state's contract makes a formula maker the dominant player on a state's grocery store shelves, where the companies try to make up for their money-losing WIC sales.
Increased government involvement in the baby-formula market, while coming from the best of intentions, sets it up for shortages like the one families are currently experiencing
Its an interesting dynamic isn't it, when government dictates business agreements. And I bet some US Senators from Michigan and other states have been bragging for years how they helped negotiate contracts that have helped their hometown manufacturers.
Lucy, you got some 'splainin' to do!Quote:
The National Review is a Globalist organization.
it's like Oprah. You are a globalist! You are a globalist!PackFansXL said:Lucy, you got some 'splainin' to do!Quote:
The National Review is a Globalist organization.
National Review is like the Club for Growth. They say all the right things; however, their belief structure is that free market is the ultimate good in all things economic.PackFansXL said:Lucy, you got some 'splainin' to do!Quote:
The National Review is a Globalist organization.
You conspiracy theorist, you!TheStorm said:
https://www.foxnews.com/politics/president-biden-incredible-transition-high-gas-prices
and I still highly doubt that the Colonial Pipeline hack had anything to do with Russia either... timing was just way too convenient.
Yes, you're nuts man!caryking said:You conspiracy theorist, you!TheStorm said:
https://www.foxnews.com/politics/president-biden-incredible-transition-high-gas-prices
and I still highly doubt that the Colonial Pipeline hack had anything to do with Russia either... timing was just way too convenient.
Yeah.... but...but... we need to help those struggling Ukranians... I saw on TV last night that Zelensky was dancing at the World Economic Forum while his country was being bombed. Makes sense doesn't it?GuerrillaPack said:
Yes, approve $40 billion to Ukraine because we absolutely must protect the sovereignty and borders of Ukraine.
Meanwhile, the United States must not have a border, and millions of illegals must be allowed to invade the country, and then we must use taxpayer money to buy them a smart phone and board them onto buses and planes and ship them to red states. Because they are so precious because they will vote for the communist Democrat party.
$40 billion to Ukraine, while everyday Americans are struggling just to get by with skyrocketing inflation and food and fuel prices, and babies don't even have baby formula to eat. Suck it American slaves....we've got Ukrainians and invading south and central Americans to pay for.
Please, can anybody dispute the rational of GP's post?GuerrillaPack said:
Yes, approve $40 billion to Ukraine because we absolutely must protect the sovereignty and borders of Ukraine.
Meanwhile, the United States must not have a border, and millions of illegals must be allowed to invade the country, and then we must use taxpayer money to buy them a smart phone and board them onto buses and planes and ship them to red states. Because they are so precious because they will vote for the communist Democrat party.
$40 billion to Ukraine, while everyday Americans are struggling just to get by with skyrocketing inflation and food and fuel prices, and babies don't even have baby formula to eat. Suck it American slaves....we've got Ukrainians and invading south and central Americans to pay for.
The more I learn about the incompetence of our government agencies, the angrier I get. They are asleep at the wheel!Quote:
The American public wants baby formula of high quality, as it wants from every other FDA-regulated product. Ironically, it is likely that contamination and other quality-control shortcomings are much more common with other FDA-regulated products from overseas than with the products that sparked the FDA's actions, but we just don't know about them.
In a long series of eleven different tweets (which are worth reading through), Abbott affirms that: "a comprehensive investigation by Abbott, FDA and CDC found no evidence that our formulas caused infant illnesses." Despite these conclusive findings, the Abbott plant still remains closed at the behest of the FDA.
The unequal treatment of American facilities in favor of foreign facilities has been apparent to regulatory experts for decades. FDA-regulated facilities in the U.S. can be inspected by the FDA at any time and for any reason, while facilities located overseas are inspected much less often, with sometimes as much as seven years between routine inspections.
Even worse: In spite of documented, repeated violations by overseas manufacturers, the FDA continues to rely on these foreign manufacturers for information on the quality control of the products they produce. Instead of conducting independent testing of these imported drugs, the FDA trusts the obviously unreliable Chinese and Indian manufacturers at their word. Independent analyses have found that foreign-made drugs show a pattern of mislabeling, potency inaccuracy, and cancer-causing contamination of our critical medicines, but due to language and legal barriers, it is hard to pin down who is responsible, and parent companies face few or no consequences.
While the current system is unfair and favors overseas manufacturers, there is a simple solution. The FDA could perform independent quality-control checks on all foreign and domestically made FDA-regulated products before they get to drugstores, ensuring quality compliance.
The FDA should mandate real-time "release testing" (RTRT) a term of art that refers to comprehensive testing of products on every FDA-regulated item arriving at an American port of entry.
The FDA's current way of doing things is badly outdated and has proven to be politically unworkable, unreliable, and unsafe.
You can't lord over the needy if they are needy.PackFansXL said:
https://www.nationalreview.com/2022/05/how-bidens-fda-helped-cause-the-baby-formula-crisis/The more I learn about the incompetence of our government agencies, the angrier I get. They are asleep at the wheel!Quote:
The American public wants baby formula of high quality, as it wants from every other FDA-regulated product. Ironically, it is likely that contamination and other quality-control shortcomings are much more common with other FDA-regulated products from overseas than with the products that sparked the FDA's actions, but we just don't know about them.
In a long series of eleven different tweets (which are worth reading through), Abbott affirms that: "a comprehensive investigation by Abbott, FDA and CDC found no evidence that our formulas caused infant illnesses." Despite these conclusive findings, the Abbott plant still remains closed at the behest of the FDA.
The unequal treatment of American facilities in favor of foreign facilities has been apparent to regulatory experts for decades. FDA-regulated facilities in the U.S. can be inspected by the FDA at any time and for any reason, while facilities located overseas are inspected much less often, with sometimes as much as seven years between routine inspections.
Even worse: In spite of documented, repeated violations by overseas manufacturers, the FDA continues to rely on these foreign manufacturers for information on the quality control of the products they produce. Instead of conducting independent testing of these imported drugs, the FDA trusts the obviously unreliable Chinese and Indian manufacturers at their word. Independent analyses have found that foreign-made drugs show a pattern of mislabeling, potency inaccuracy, and cancer-causing contamination of our critical medicines, but due to language and legal barriers, it is hard to pin down who is responsible, and parent companies face few or no consequences.
While the current system is unfair and favors overseas manufacturers, there is a simple solution. The FDA could perform independent quality-control checks on all foreign and domestically made FDA-regulated products before they get to drugstores, ensuring quality compliance.
The FDA should mandate real-time "release testing" (RTRT) a term of art that refers to comprehensive testing of products on every FDA-regulated item arriving at an American port of entry.
The FDA's current way of doing things is badly outdated and has proven to be politically unworkable, unreliable, and unsafe.
Exactly! Hey, if the play keeps working............run it til they stop it.Steve Videtich said:
Yep, create the problem and make it bad enough, so that when you offer a solution in image, the people will be grateful. Tell us again how the right is the biggest threat to this country?
You can't let a gods crises go to waist. Actually, you can manufacture as many as you need…Werewolf said:Exactly! Hey, if the play keeps working............run it til they stop it.Steve Videtich said:
Yep, create the problem and make it bad enough, so that when you offer a solution in image, the people will be grateful. Tell us again how the right is the biggest threat to this country?
I've been banned from Twitter for 4-5 years. Been in Facebook jail for nearly 2 years.........and 79 days remaining. Many of the children and grand's pics there so I will not longer post there........I'll use FB Messenger to receive and forward info....communicate.Macumbe said:
I do look at the posts but don't participate much - mostly because many of my viewpoints are the same as the one's posted - so don't feel the need to clutter it up.
I do post when I think a new outlook on something may not have been mentioned.
One reason I think the Water Cooler leans conservative is most other social media sites are so biased to the left that the fact checkers, etc tend to bully, censor any viewpoint that doesn't fit their agenda.
With rare exceptions, I don't think anyone has been censored here - which s a good thing.
'UTERUS-shaped' cereal aims to normalise conversations about periods at the breakfast table https://t.co/mQuXuqxsdm
— Daily Mail Online (@MailOnline) May 25, 2022
Looks good to me if I don't read the box.hokiewolf said:
Man, don't think I'd enjoy raspberry flavored cereal
Alibaba Group president J. Michael Evans boasts at the World Economic Forum about the development of an "individual carbon footprint tracker" to monitor what you buy, what you eat, and where/how you travel. pic.twitter.com/sisSrUngDI
— Andrew Lawton (@AndrewLawton) May 24, 2022
Crickets on that one.....Werewolf said:
^ They do.........but the weenies that *****ed and mocked and whined aren't man enough.
GP and I just reaching out to fellow Americans to persuade them to stop with their blind and foolish trust. Christ was mocked.........so we're in very good company.
Did George Floyd die in a classroom while reading? Or did he die while resisting arrest? This is an "EPIC MORAL EQUIVALENCE" failure. RIP to the students of Uvalde and RIP George Floyd. They "ALL" deserved to live, but we can't make a hero out of Floyd. #ERACEDFACTS #WICKED pic.twitter.com/y9QZ1QA3CR
— John K. Amanchukwu Sr. (@REVWUTRUTH) May 26, 2022
BBW12OG said:Did George Floyd die in a classroom while reading? Or did he die while resisting arrest? This is an "EPIC MORAL EQUIVALENCE" failure. RIP to the students of Uvalde and RIP George Floyd. They "ALL" deserved to live, but we can't make a hero out of Floyd. #ERACEDFACTS #WICKED pic.twitter.com/y9QZ1QA3CR
— John K. Amanchukwu Sr. (@REVWUTRUTH) May 26, 2022
caryking said:BBW12OG said:Did George Floyd die in a classroom while reading? Or did he die while resisting arrest? This is an "EPIC MORAL EQUIVALENCE" failure. RIP to the students of Uvalde and RIP George Floyd. They "ALL" deserved to live, but we can't make a hero out of Floyd. #ERACEDFACTS #WICKED pic.twitter.com/y9QZ1QA3CR
— John K. Amanchukwu Sr. (@REVWUTRUTH) May 26, 2022
The originator of all the new racism in this country.
Ha Ha!!!! You are one funny guy. Can't ever admit when your POS ex-prez ****s the bed in public. Can't defend it so you deflect to the typical MARXIST response blaming someone on the right. Spreading lies is strong with you lefties isn't it?Civilized said:caryking said:BBW12OG said:Did George Floyd die in a classroom while reading? Or did he die while resisting arrest? This is an "EPIC MORAL EQUIVALENCE" failure. RIP to the students of Uvalde and RIP George Floyd. They "ALL" deserved to live, but we can't make a hero out of Floyd. #ERACEDFACTS #WICKED pic.twitter.com/y9QZ1QA3CR
— John K. Amanchukwu Sr. (@REVWUTRUTH) May 26, 2022
The originator of all the new racism in this country.
Barack Obama commemorating the two-year anniversary of George Floyd's death with a tweet that does not mention race is "originating" more racism than the loser white nationalists that fetishize talk of declining white birth rates and immigrant invasions and radicalize angsty, aggrieved white teenagers so they slaughter black people in grocery stores and churches?
Or xenophobic ex-presidents that denounce brown immigrants as murderers and rapists, steadfastly resist denouncing white nationalism, wink and nod at the "very fine people on both sides," and fellate the Proud Boys with the "Stand back and stand by" talk?
Or Tucker Carlson dog whistling nightly about "population replacement" and "legacy Americans?"
But yeah...that damn race-baiting Barack Obama. He's the real racist.
As CNN’s @jaketapper has said, POTUS did not call neo-Nazis or white supremacists very fine people:
— America First (@AmericaFirstPAC) August 27, 2020
"Elsewhere in those remarks the President did condemn neo-Nazis and white supremacists. So he’s not saying that the neo-Nazis and white supremacists are very fine people.”
