Posted on 11/27/2023 2:53:18 PM PST by thegagline
Biden acknowledged Monday that prices are still “too high” and argued that companies should lower them after an 18% jump in consumer costs since he took office.
“We know that prices are still too high for too many things — that times are still too tough for too many families,” *** “We’ve made progress, but we have more work to do,” “Let me be clear to any corporation has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”
The prices of some goods, such as food products, are expected to decline in the coming months, but periods of general deflation are rare in US history. Biden previously used his bully pulpit to try to pressure oil companies to take action to lower gas prices last year.
The president also attacked Republicans Monday, saying that they “want to go back to the bad old days when corporations looked around the world to find the cheapest labor they could find, just to send the jobs overseas and then import the products back to the United States” — despite opposition to outsourcing being a signature issue for former President Donald Trump.
“Now we’re building the products here and exporting products overseas,” Biden continued. “We’re not importing [sic] jobs. Folks, we’re not importing anything other than what we make.”***
Annual inflation has cooled this year due to aggressive interest rate hikes, though it remained an elevated 3.2% in October and interest hikes caused fresh consumer pain, sending average credit card rates to 27.81% — roughly double the 14.6% APR when Biden took office — and average 30-year home mortgage rates have soared from 2.65% to between 7 and 8% this year.
(Excerpt) Read more at nypost.com ...
if this demented fascist azzhole was serious, he’d institute price controls to eliminate “price gouging” ...
I’m selling tires 5 dollars over cost. the same size/make/model was 40% lower under trump. I charged the same 5 dollar markup then.
They are made in Mexico, can’t even get a “budget” us made tire any more.
Not my fault slo joe, but honestly, I am thinking of hiking it 10 bucks (to 15 dollars over cost) and offering a 10 dollar sale on them. seems to be the same crap Joe is doing.
Yeah, so it’s ultimately Big Oil’s fault.
His handlers know. They just hope you don’t.
and with the exception of us (freepers), most don’t understand it.
Can a real life and possibly far worse version of directive 10-289 be that far away?
If you think Biden is an idiot, you should see his voters.
And he even messes that up half the time.
God save the Queen. Trunalimunumaprzure.
“It’s time to stop the price gouging and give the American consumer a break.” Biden
I HATE hearing government people who produce NOTHING of value saying that about companies. Biden has produced NOTHING of value his entire miserable life. He’s never had a real job, never met a payroll, doesn’t understand anything about micro or macroeconomics. He’s always been a disgusting leech and drag on society.
What country does he think this is?
“We’ve made progress, but we have more work to do,”...
YOU LYING SACK OF CRAP!
“It’s time to stop the TAX gouging and give the American consumer a break.”
There’s been a lot of shrinkflation going on with food products. Gatorade is almost double in price now and you get less product for the privilege of paying more.
Biden doesn’t understand that inflation is a cumulative thing. The man is a dolt.
~~~~~~~~~~~~~~~~
But there are millions of voters who believe that inflation has slowed to a slower speed, that should reverse prices. They don’t have the slightest notion of how things work so they holler “price gouging”
🔝🔝🔝
He understand perfectly. He uses the red meat term “price gouging” to give clueless people an excuse to vote for him.
I just got them for $4.18 at Food Lion in NC.
18% my left clavicle. More like 40%. And when you include shrinkflation it’s probably 60%.
Just got a quote for a new roof that is triple what I paid 15 years ago.
A cord of wood is double the price I paid 3 years ago. That price is only good if I order 2 cords. FJB!
Biden has dementia, and he was stupid to begin with, but what excuse do his handlers have?
Everything is gaslighting from the left now.
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