‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
Inflation grew more slowly in November than October, according to the Fed's Consumer Price Index.
He amplified his crackdown on soaring prescription drug costs, hidden fees for cable and air travel and corporate “price-gouging.” He also promised to “keep fighting to bring down costs.”
Following the links the above quote, the CNBC articles suggests we can expect progress on the first two items (prescription drug costs and hidden fees), but there's nothing I read in the linked article about dealing with price gouging other than some stern words. Maybe something is indeed in the works, but it wasn't obvious to me at the least.
Instead of taking a routine victory lap, the president doubled down on the war, pledging to do himself what the Federal Reserve’s interest rate hikes have not: Make things cheaper.
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It is a marked tone shift from the president’s typical reactions to positive inflation data.
I do appreciate this narrative shift—transitioning from tone-deaf/gaslighting to acknowledging that key issues still aren't addressed.
He has no power to do anything really. I'm starting to think more socialism makes sense. I kind of want profit limits on certain essential sectors like food, medicine, probably others.
I'm tired of hearing about how company X made 3 billion more this quarter than last year. It's one thing to be profitable and make something, it's another to give it all to the execs and make consumers eat more year after year.
Raising prices to raise profits when you're still profitable is ridiculous and greedy.
I don't see how Biden could fix the situation on his own. It needs a massive change.
I'll never get articles like this. First off, Biden, specifically, is the one creating a price war? Huh, only him. No one else is engaged in any way, shape, or form.
Second, oh, he's only doing it because of the election. How do you know that? What proof do you have other than timing? Did you read his mind? That's a guess at best.
Third, why does the president always get all the blame or all the praise no matter what? We don't have a dictatorship (however much some people want us to). This has always seemed to be such bullshit to me. I hate how people act like the president is to blame for every single bad thing that ever happens that's even tangentially related to the government and given all the praise when other parts of the government did things that the president has nothing to do with.
Four, there's so much bias on this article that basically just says "Biden bad even though he's trying to help. Doesn't matter. He's still bad."
But funding genocide isn't unaffordable...
Got plenty of billions to give to Netanyahu to continue his genocide of Palestinians no matter what. Just not enough for Americans to have stuff like healthcare or retirement.
Nope.
Gotta have priorities, it's not like we could ask the wealthiest to pay their fair of taxes either. Just think of all the donations politicians like Biden would lose our on!
A dozen eggs costs over $6 still. This is after the industry was called out for gouging 15-20 years ago AND after the bird flu panic raised prices a year or 2 ago (that was found to be BS too). He ain’t gonna do anything. He is another “chump block” for big biz, but at least he’s not Trump. I’m so tired of all this edit: some pics of the egg prices here today