Cool. So what’s he gonna do about it? Or was this it?
What can he do about it? We live in a free market society. All he can do is keep talking about it and hope the people get the message. Rebellion will start at the consumer level and go up, not the other way around. Main problem is the millions of people that rely on Fox for their news.
Use the anti monopoly laws we have in place to prevent price gouging from lack of competition
He issued an executive order in 2021 to do just that, among many other things to promote competition. There has definitely been an uptick in antitrust cases since then, and inflation has also decreased significantly.
Sorry to be pedantic on the internet (lol) but it might be more accurate to say inflation has slowed.
Burn the pedant!
I still think decreased is accurate though, the rate of inflation is significantly smaller today vs then, so the rate has decreased
He’ll hire their execs to run various government agencies
I haven’t found a comment talking about inflation
They were probably all deleted.
Make them, under force of real economic consequences, or this is just begging.
I thought the President doesn’t control the price of goods…
They don’t. Congress with the President could but won’t.
I’ve no illusions friend. Neither the Republicans nor the Neoliberals aka 90+ percent of Office holding Democrats have the slightest interest in helping anyone, only taking bribes and reinforcing their party’s power.
This nation is over. Reaganomics saw to that and Citizens United dashed the last of the faintest of rational hopes for self-repair. This is just leftover momentum. This labor camp we call the US will eventually collapse under the weight of its own corruption, but until then, we suffer generationally with zero recourse.
No one with any power, no one from the right families is coming to help their capital livestock. This exploitation machine is exactly what they wanted and spent decades lining pockets to achieve.
No one with any power, no one from the right families is coming to help their capital livestock.
That’s an interesting sentence right there. What does that even mean, the “right” families? Are you seriously expecting the people who created the problem to now help solve it?
This exploitation machine is exactly what they wanted and spent decades lining pockets to achieve.
No, of course you aren’t. But by God, let’s also not ask for help from the “wrong” families…
I meant internally right. Goes to the right country clubs. Is on the right museum boards. Is in the little owner’s club that starts with having a 9 figure net worth at absolute minimum.
That’s what I meant by “right” it was a mocking term for the self-protecting, self-elevating wealth class made up of a few thousand of the right families that lord over all of us and believe they are where ultimate authority belongs, and have used their great wealth to secure generationally. This is their system, by their design, and they will continue to use their vast power to defend it.
Ah yes, if only one of those country club going billionaires would decide to use their power to try and come help us…
Yeah, I think I’m just gonna let you stew and simmer on that one.
I’ve belabored the point that they won’t, have no reason to, literally created such conditions to begin with, and actively defend against any change to it.
Do you have some sort of a point? If so speak it.
I do, but if I said it outright I would just be accused of a lack of empathy and intelligence, plus a whole lot of other things far worse than that, so I won’t.
So if you didn’t get my broad hint, I’m not going to be upset, and if you do, like I said, perhaps take my advice to stew and simmer over it before posting a response in affect.
‘Stop the money printing’: Biden hits Federal Reserve over excessive inflation…
Is what it should say.
Windfall taxes
Yeah, it’s totally nothing to do with his policies.
Give us one fucking Biden policy that caused this
Shutting down the Keystone XL pipeline and restricting domestic oil leases almost immediately increased the price of gas by 20 or so cents.
How the fuck is that related to price gouging? Are you having a stroke?
Making gas more expensive to produce will drive up the price you pay at the pump. It’s not that difficult to understand, is it?
That’s not price gouging though is it you dumb fuck? Have you even read the fucking article? It’s always hilarious when an absolute buffoon tries to be ironic.
Alright, while your crude behavior doesn’t exactly fill me with confidence about your receptivity for reason and evidence, let’s take a look how Biden actually defines “price gouging”:
“Any corporation that has not brought their prices back down, even as inflation has come down, even as the supply chains have been rebuilt, it’s time to stop the price gouging”
This is either another one of his classic faux pas, or it’s used as a propaganda term here, because on closer examination, this sentence reveals a fundamental misunderstanding of the relationship between prices and inflation. Stay with me here, and I’ll explain why, but I’m afraid it’s going to require just a little of high school math.
Inflation is defined as the rate that prices rise, i.e. higher inflation = prices rise faster, lower inflation = prices rise slower. Read that last part again, because that means specifically that lower inflation does not mean prices go down. It means they go up more slowly. In order for prices to actually go down, inflation would have to be negative, which it currently isn’t. Hence, Biden is either making a mathematical error here, or he is deliberately misleading people about the nature of the relationship between prices and inflation.
There you go, I hope that was clear enough. Now feel free to continue your verbal abuse, but I think it’s amply clear who’s the buffoon here.
