Posted on 05/15/2024 2:38:04 AM PDT by Libloather
Dozens of Democratic lawmakers signed a letter to President Biden, pleading with him to act on high grocery prices that have been slow to fall as inflation has come down.
Sen. Elizabeth Warren, D-Mass., led the letter Monday morning, calling on Biden to "exercise your executive authority to take additional action to address rising food prices without congressional action."
The letter amassed 40 Democratic signatories between the House and Senate, including senators Bernie Sanders, I-Vt., and Richard Blumenthal, D-Conn., and representatives Ilhan Omar, D-Minn., Alexandria Ocasio-Cortez, D-N.Y., and Rashida Tlaib, D-Mich., among others.
The lawmakers acknowledged "Americans are facing sky-high food prices."
Notably, grocery prices have not fallen at the same rate as inflation. This is "caused by excessive price gouging by food and grocery giants," the Democrats claimed.
Democrats asked Biden to direct his administration's Department of Justice to "prosecute actors in the agricultural and food sectors for pricefixing and other anticompetitive behavior" and task the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) with creating a joint task force with the purpose of investigating the manipulation of food prices.
"Our letter is about pointing out areas that exist in the law but have long been underused," Warren told Time magazine in an interview. "Now is the perfect moment to move."
(Excerpt) Read more at foxnews.com ...
All he has to do is what Warren wants,— criminalize profits among retailers. Isn’t that what left-wingers have always wanted? Of course, we’ll-stocked shelves will become a thing of the past, but oh well —if it’s good enough for Venezuela it’s good enough for America.
That drives me crazy! The R NEVER rise to the defense of capitalism. The greediest organization on earth by far is the US federal government and it produces NOTHING. It has negative impact because all the regs it creates strangle us.
Can’t just one R give a full-throated defense of liberty, freedom and capitalism, the engines of our success?
Potential Dem/leftist solution:
Waistline Reduction Act.
Quit eating so much.
I remember back when Nixon instituted wage and price controls. Even affected me when I was overseas in the military. I also remember that the USSC eventually ruled the action unconstitutional.
Venezuela’s food crisis started when Caesar Chavez put price controls on food because of inflation caused food prices to rise. Venezuelans are now malnourished and are combing dumpsters for food.
Serious question, so take all your money out of the bank before December?
There are other serious inflation issues on things besides groceries. Such as auto parts & labor. They seem to be extremely inflated these days. That’s just one more example besides groceries & if you encounter certain expenses that are inflated, they can put you in extreme circumstances much faster than a high grocery bill. I am stating this as a single person & naturally a grocery bill for a large family would probably hurt just as much as would other expenses for a single person. The main point is that while the Biden administration talks about reducing inflation, I see little actually being done.
Oh, I agree with you totally. I was just talking about normal everyday expenses (non-emergency type) most everyone experiences. At least except those city types who eat out all the time and put their meals on a credit card, I guess....
There are a LOT of people who are literally only $200 to $1000 away from complete financial disaster, IMO.
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