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Americans are suffering under inflation. Biden could stop goosing inflation by spending money like a drunken sailor to fund his political allies. Or he could blame companies for the existence of inflation.
Was there any doubt Biden would go the Venezuelan route and blame companies for making up inflation?
President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate of inflation has slowed and some shipping costs have fallen.
“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,” Biden said at the launch of a new White House supply chain initiative. “Give the American consumer a break.”
Give human intelligence a break. Inflation hasn’t “come down” and we certainly don’t have deflation so things still cost more than they used to. Costs, including labor costs, are higher for the companies he’s barraging. Democrats hype the increased labor costs as a dividend of Bidenomics and then they turn around and complain about the inflationary spiral that they’re taking credit for.
Some companies may be price gouging, but for the most part companies are struggling with increased prices on products, supply chain instability and labor costs. Nothing works the way it used to and the lack of reliability prices in costs that are hard to measure. When you can’t know that X will be there when you need it next month, businesses can’t run normally.
Retailers already know that consumers are pulling back. They don’t want that to happen. But money isn’t magic either.
This isn’t a matter of junk fees, which Biden keeps talking about. Americans aren’t struggling with resort fees at hotels or Ticketmaster charges, but with feeding their families because the price of groceries is up 20%. And you can blame consolidation in the food retail sector, the nightmarish prospect of a Kroger and Safeway merger is upon us, and your average supermarket now has a limited number of brands, many of which are either generic or Unilever, but it’s not a bunch of evil goons cackling because they decided to raise the price of eggs or milk for no reason, but a messed up economy.
Biden keeps hyping Bidenomics while blaming all the ‘bad parts’ on companies. He’s hoping Americans are that dumb. Bad news, not even his voters are that dumb.
Good news!! Novander brought me a 1.3% (One Point Three – for those of you in Rio Lindon!) pay hike per pay period as per our company ‘contract’! More or less 26 bucks every two weeks!
Hmmm? Should cover the 100% light bill dollar cost boost – yes? The 62% health insurance cost boost? Perhaps the fuel for heat at double three years one by? Golly gee – replacing the fourteen year old vehicle at 7-10% interest rate? FYI – the dollar cost of a new vehicle is insane!
***Despite ‘11%’ returns the pension fund actually lost value!!! — Meaning being able to pay for whatever I may need in retirement!
‘Ol Joe hasn’t personally purchased a roll of TP – ever! Why would anyone take notice of his bromides?
Fourteen years old vehicle? That’s a hundred and five in human years.
Expenses for insurance, rent and taxes are growing faster than inflation on goods especially for small businesses. It doesnt matter to them that they won’t run government within any sort of budget while the rest of us are struggling to stay afloat
Add utilities to that list.
It’s always someone else’s fault with Democrats. It absolutely can’t be their policies of spending money like a drunken sailor on their last night of shore leave. No, that can’t be it. It must be those greedy capitalists.
The sad fact of the matter is, there are probably liberal corporate leaders who will heed Biden’s message to drop prices, to the detriment of their own company’s bottom line, to maintain the appearance of loyalty to the democratic cause and skew the inflation metrics.
But to believe that “inflation is over” is to believe Biden can cogently finish a sentence without note cards.
The only thing worse than people who make excuses is people who blame others for their own actions.
That’s just stupid. High inflation seems inevitable.
Old Joe is such a foolish and quite demented “Little” man.
Yeah, “the big guy” my ass. More like Pee Wee McGee. And I hate his squinty eyes buzzard face and ten hairs combed all the way over his bald head. to the back of his neck. He’s disgusting looking.
Lets see Biden try to douse a fire with Gasoline its going to flashback and burn him
He does look like an old and ugly version of Fire master Bill.
He’s such an ignorant pos (and I don’t mean Person of Substance). Prices aren’t down because, while inflation isn’t as bad as it was earlier in his maladministration, it is still going up every month. So how and why would prices decline while inflation is still pushing them up? He can’t even lie and make any sense.
Don’t forget that companies are also dealing with higher interest costs to finance their businesses.
Just lower your prices. Now why didn’t anyone else in Washington think of that? So simple, so obvious. And while you’re at it mister Stumbler in Chief, you can bring down the national debt in the same clean and uncomplicated way. Just send someone into the treasury building with a bottle of White-Out and remove a few zeroes from the ledger book. Problem solved.
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To combat inflation he needs to seize all assets of every politician, public employee and their families that are too wealthy for their skill set, sell the assets or destroy them, then take that money out of the system – There inflation solved.
Oh and stop sending our money to other countries and illegal that crawls across the border, send them a bill with loan repayment terms.
Well, he DID make it all go UP so why can’t he just make it all go DOWN?? All he’d have to do is REVERSE everything he’s ever done!!
The U.S. government claims that the cost of living went up only 3.2% from 10/1/22 to 9/30/23. That is how much Senior Citizens will receive as an increase in January 2024. First of all, everyone knows that is not true. Even in my own budget everything we buy went up more than 3.2 percent except gasoline which went down. The only reason the increase is so small is because the Social Security Trust Fund is in financial trouble.