"Incoming House Commerce Committee chairman John Dingell called a press conference today, at which he announced that he would ask the Federal Trade Commission to investigate illegal price fixing by Fisher-Price. "Parents are demanding congressional action," Mr. Dingell declared. "We have strong evidence that Fisher-Price has intentionally constricted the supply in order to create an illegal shortage, and that retailers are engaging in price gouging activity.""
" Many toys are now selling for three times their retail price last month. Holding up an Elmo with a $99 price tag, Ms. Pelosi declared: "If this is not price gouging, what is?" The press conference was interrupted when a few unruly parents tried to snatch the doll away from her. The liberal Center on Budget and Policy Priorities issued a study finding that "it will be the poorest households, the very families that got none of the benefits of the Republican tax cuts for the super rich, who will be least likely to afford the doll. So much for the Bush administration's hollow commitment to ensuring that 'no child is left behind.'""
"Ms. Pelosi said that the House will consider enacting a windfall-profits tax on toy producers as part of "our first 100 hour agenda." On a trip to New Hampshire, Sen. Hillary Clinton stated that she would go further and form a commission to investigate the feasibility of a government takeover of the toy industry as a way to slow "the stampeding cost of dolls and computer games and to make toys affordable to every family in America regardless of income."
Lou Dobbs devoted all of his CNN show last night to the swirling toy scandal. "It's just another example of corporate America's war against the middle class," he said. "We are quickly turning into a nation of Tickle Me Elmo haves and Tickle Me Elmo have-nots."
AirCop From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 10 months 21 hours ago) and read 1405 times:
This is got to be a joke..Any more important issues out there.
Quoting MaverickM11 (Thread starter): Many toys are now selling for three times their retail price last month. Holding up an Elmo with a $99 price tag, Ms. Pelosi declared: "If this is not price gouging, what is?"