this post was submitted on 12 Dec 2023
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[–] [email protected] 153 points 11 months ago (46 children)

He amplified his crackdown on soaring prescription drug costs, hidden fees for cable and air travel and corporate “price-gouging.” He also promised to “keep fighting to bring down costs.”

Following the links the above quote, the CNBC articles suggests we can expect progress on the first two items (prescription drug costs and hidden fees), but there's nothing I read in the linked article about dealing with price gouging other than some stern words. Maybe something is indeed in the works, but it wasn't obvious to me at the least.

Instead of taking a routine victory lap, the president doubled down on the war, pledging to do himself what the Federal Reserve’s interest rate hikes have not: Make things cheaper.

[…]

It is a marked tone shift from the president’s typical reactions to positive inflation data.

I do appreciate this narrative shift—transitioning from tone-deaf/gaslighting to acknowledging that key issues still aren't addressed.

[–] [email protected] 72 points 11 months ago (1 children)

He's trying to thread the needle, and to me it's kinda working. He won't be effective on most of it, I'm sure, but I've given up hope of effective government and just like it when it makes nice sounds.

[–] Jaderick 80 points 11 months ago (14 children)

I feel like the biggest reason he won’t be effective is that he’s against pure obstructionists in the GOP. They have no desire to govern and somehow won the House.

[–] [email protected] 52 points 11 months ago (3 children)

That and the biggest donors, on both political sides, have everything to lose from following through on stopping price gouging.

[–] Cuttlefish1111 11 points 11 months ago

If they don’t, The golden goose will disappear forever

[–] [email protected] 7 points 11 months ago (1 children)

have everything to lose

You mean they won't profit as much.

Nothing they lose will be so much that they have to change their lifestyles over it.

[–] [email protected] 2 points 11 months ago

Unless they've taken on lots of liability with the assumption of profit

[–] [email protected] 25 points 11 months ago* (last edited 11 months ago) (1 children)

Oh yeah, it's totally the GOP's fault. 100%. Just like the last 40 something years since Reagan. Which is why I've given up hope.

Note: I am not being sarcastic. The GOP broke our government.

[–] [email protected] 2 points 11 months ago

You are massively underestimating the role of Democrats in getting us where we are today. It's not like industry consolidation slowed down when Democrats were in power.

[–] [email protected] 6 points 11 months ago

Anti-trust is the real answer, at least within the scope of what neoliberalism will embrace. Biden has never been good on anti-trust. He's made some noise on that front recently, but it doesn't seem to have slowed down consolidation of every single industry.

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