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 ...
How are you guys hauling goods making out with the cost of gas...Life was good under Trump.
Biden’s economy is in such a mess that he is trying to find anyone, anything to blame. That is all leftist know how do — play the blame game.
Most retail businesses — gas stations, grocery stores, etc. — have a small profit margin.
Biden has no idea about real-world life, because he has been cloistered in DC for half a century.
But consumer electronics and the trash-er-tainment industry's products have continued to deflate.
Net these areas out and you might get down to 18%.
Biden's handlers are economic ignoramuses, of course, but his base will have little trouble believing high prices are imposed by modern-day descendants of Snidely Whiplash. It isn't like the GOP has any effective counter-messaging.
Both of my kids acquired more business experience before they were 16 and got a “W-2” job than the pResident has, in his lifetime. I suppose I should say “his handlers” because I doubt he even knows what was contained in this statement.
When Republicans are out of office, they WORK in the private sector. When the DemoNIcrats are out of office, they plot ways to get back to sucking from the government teat.
He really is as dumb as a bag of diapers.
Biden should just ORDER prices cut in half and send the FBI in to enforce it at gunpoint.
“Biden acknowledged Monday that prices are still “too high”
How would he know? The prick hasn’t been grocery shopping in 50 years.
Socialist bums like Nixon always resort to price controls to make it worse. Will Biden be one of those?
Dumbest president ever, by a mile.
Democrats owe us normals Reparations for this clown
Leave Joe. And take your closet full of ineffective freaks with you. You can fondle all of the secret documents you have next to your Corvette and your freaks can all go back into their closets.
Easy Peazy.
“stop the price gouging”
A media sound-bite that everyone can get with.
Only, there is no ‘gouging’ going on.
If someone is ‘gouging’, let’s have an example and shame the supplier.
Watch this one get legs.
A narrative without support.
Emote America! Emote!
There is just no limit to the arrogance and willful ignorance of him and his supporters.
Um, Senator Biden was one of those who voted for MFN for China.
The sellers need to tell Jo Jo to lower the gas prices. It’s your fault there Jo Jo.
the sad part is, the FJB really thinks that’s how it works...
I've seen talking dolls with more personality.
At least Biden could have told us to wear a sweater...
I guess when he was a Rhodes Scholar in college he never took an economics class.
What a moron.
I imagine he sends his cabbage patch doll, Jean-Pierre to do his shopping for him.
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