Texas Governor Rules Against HEB – Profits Deemed “Excessive”

Texas governor Rick Perry issued an executive order this morning denying HEB’s request to raise the price of a gallon of milk. HEB’s rate hike request  would have increased the grocery giant’s profit margin to a net 3%.

In a statement released this morning, Governor Perry, who switched party affiliation from Republican to Democrat recently, noted  “HEB’s unfair rate hike request would have hurt struggling fellow Texans who are trying to make ends meet. This has been another example of Big Grocery Store Chains taking advantage of our citizens.”

Governor Perry approved a profit margin of 1%. Texas Chapter of ACORN  President Sarah Palin applauded the order. “Rick Perry deserves credit for stopping greedy big business from gouging our voter base with higher cost food to be charged through the Lone Star “free food” program funded by people who actually work for a living,”

HEB spokesman, Duane Chapman, responded “We cannot survive financially on a 1% profit margin. We are considering a move to Communist China where capitalism thrives on supply and demand. We hope our customers will follow us.”

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