Watch Republicans somehow find a way to complain about lower prices and call Biden a dictator.
this post was submitted on 27 Nov 2023
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Remember kids, capitalism for profits and socialism for losses makes the world go round just right...
/s
Remember when gas prices dropped a few months after he took office and everyone on the right complained that he was hurting small business owners by making them eat the cost difference for the expensive fuel?
"Socialism!"
“When supply chains are smooth, prices fall for goods, food, and equipment, putting more money in the pockets of American families, workers, farmers, and entrepreneurs,” the statement added.
The problem is that prices never fall even when supply chains are smooth, it isn't like Kelloggs or Nestle are going to lower their prices because the costs of moving stuff and buying stuff is cheaper.
That money goes right back into profits.
Unions have helped a lot with this problem, but it has only helped people with a union organization.
And it really hasn't fixed the core problems in America.
Americans need to see some kind of relief from these companies that are apart of our lives running smoothly.
I agree with the general sentiment of this, but you're wrong here:
it has only helped people with a union organization
Union membership increases pay for non-union people, since their employers now have to compete for employees at that higher pay rate.
But pay is just one side of the equation. If I get a 10% raise and prices go up by 9%, it's only a 1% raise. I would really love to see our government take corporations to task for this, but until politicians don't need corporate money to get elected it's not going to happen.
Prices don't need to go up.
But think of the multi-billion dollar pharmaceutical corporations!
This is the best summary I could come up with:
The White House has announced it plans to use a cold-war era law to ease supply chain issues that the administrations argues are contributing to higher inflation – a key electoral challenge to Joe Biden’s re-election chances next year as polling consistently suggests voters are not buying his Bidenomics pitch.
In a statement, the White House said Biden will use the Defense Production Act to improve the domestic manufacturing of medicines deemed crucial for national security and will convene the first meeting of the president’s supply chain resilience council to announce other measures tied to the production and shipment of goods.
But the White House has acknowledged that improving economic picture is not shared by consumers, and the administration has explicitly tied the economy to the president by calling it Bidenomics.
Prices have risen as much in the past three years as they had in the previous decade, according to a report by Bloomberg, and it now costs almost $120 to buy the same goods and services a family could afford with $100 before the pandemic.
According to Bloomberg, groceries and electricity are up 25%, used-car prices have climbed 35%, auto insurance 33% and rent roughly 20% since January 2020.
“When supply chains are smooth, prices fall for goods, food, and equipment, putting more money in the pockets of American families, workers, farmers, and entrepreneurs,” the statement added.
The original article contains 581 words, the summary contains 228 words. Saved 61%. I'm a bot and I'm open source!
