this post was submitted on 12 Dec 2023
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[–] [email protected] 153 points 1 year 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 1 year 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 1 year 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 1 year ago (4 children)

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

[–] Cuttlefish1111 11 points 1 year ago

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

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[–] [email protected] 25 points 1 year ago* (last edited 1 year 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.

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[–] [email protected] 100 points 1 year ago (3 children)

He has no power to do anything really. I'm starting to think more socialism makes sense. I kind of want profit limits on certain essential sectors like food, medicine, probably others.

I'm tired of hearing about how company X made 3 billion more this quarter than last year. It's one thing to be profitable and make something, it's another to give it all to the execs and make consumers eat more year after year.

Raising prices to raise profits when you're still profitable is ridiculous and greedy.

I don't see how Biden could fix the situation on his own. It needs a massive change.

[–] [email protected] 48 points 1 year ago

Nestle should not be allowed to own water supplies, it's beyond disgusting.

[–] T00l_shed 15 points 1 year ago

Want to buy a new TV? Sure capitalism ~can work for that~

Need Healthcare? Or food? Or internet? Or housing? Capitalism does not work for that.

[–] guacupado 10 points 1 year ago (3 children)

Exactly. Nothing short of some socialism is going to fix this when companies can increase prices as much as they want. Current generation kids will say "well the fair market means someone will lower prices and everyone else will have to follow or lose customers." Adults know that all that's happening is everyone is raising prices across the board since they all win.

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[–] dragonflyteaparty 56 points 1 year ago (4 children)

I'll never get articles like this. First off, Biden, specifically, is the one creating a price war? Huh, only him. No one else is engaged in any way, shape, or form.

Second, oh, he's only doing it because of the election. How do you know that? What proof do you have other than timing? Did you read his mind? That's a guess at best.

Third, why does the president always get all the blame or all the praise no matter what? We don't have a dictatorship (however much some people want us to). This has always seemed to be such bullshit to me. I hate how people act like the president is to blame for every single bad thing that ever happens that's even tangentially related to the government and given all the praise when other parts of the government did things that the president has nothing to do with.

Four, there's so much bias on this article that basically just says "Biden bad even though he's trying to help. Doesn't matter. He's still bad."

[–] [email protected] 15 points 1 year ago (1 children)

I mean, it's not anything special to presidency. With concerts, it's the conductor that gets the praise… with companies, it's CEOs, with sports it's usually coaches.

We're not good in general at remembering the individuals, let alone acknowledging them and their cog in the machine. A flaw to be sure, but a universal one.

That said, I certainly agree with the sentiment, the wrong people do get the praise and blame for those under their authority.

[–] MotoAsh 12 points 1 year ago* (last edited 1 year ago)

Well, I dunno' about a universal problem, but it's definitely a nasty little thing stuck in the craw of the social zeitgeist.

I genuinely blame it on corporate media. They NEVER simply describe events and must sensationalize and narrativize everything. It gives credibility to what would otherwise be judgemental gossip, and people latch on and follow suit because of the sense of formality the "news" gives it.

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[–] DarkMessiah 36 points 1 year ago (3 children)

If I may, it’s almost as if…

THE RENT IS TOO DAMN HIGH!

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[–] [email protected] 30 points 1 year ago (1 children)

Inflation cooling doesn't mean prices go down.

[–] extant 21 points 1 year ago (2 children)

Especially when it seems most were artificially inflated.

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[–] RainfallSonata 28 points 1 year ago (2 children)

Worrying about the price of cable is the most boomer shit I've ever heard of.

[–] [email protected] 63 points 1 year ago (2 children)

Cable companies having a monopoly on internet in most areas affect almost everyone and should be dealt with though (it won't be though).

[–] hydrospanner 17 points 1 year ago (1 children)

Right?

At my address, my choices for high speed Internet are Comcast or Go Fuck Yourself.

[–] [email protected] 8 points 1 year ago (1 children)

Go Fuck Yourself seems like the best option

[–] LeafOnTheWind 13 points 1 year ago

If only I could go fuck myself at 500mbps... 😩

[–] [email protected] 11 points 1 year ago (2 children)

If you look at other countries like Germany you can get high speed 400mbps for around $30-35 a month. Fiber isn't as available in a lot of areas but it is expanding and you can get 1000mbps for $45 a month.

US cable companies are price gouging customers so bad. And that's all while getting money from the government to fund their infrastructure expansions.

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[–] RGB3x3 12 points 1 year ago (1 children)

"People are paying too much for television packages and don't have options to change it!"

"Yeah Grandpa, we figured this out in 2010."

[–] [email protected] 8 points 1 year ago (3 children)

Yeah, just pay $20 a month across 16 different streaming services that all have siloed content! It's so much better now! /s

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[–] Zerlyna 10 points 1 year ago (1 children)

About time we saw some Dark Brandon again.

[–] givesomefucks 10 points 1 year ago

I used to think that was the dumbest shit a democratic administration would embrace...

Then they started unironically using the term "Bidenomics" like making people associate Biden and Regan was a good thing.

Like, if 20 years ago someone said in 2024 both candidates for US president would be ripping off Ronald Regan Id have laughed in your face.

But we're really fucking there, and at this point no democratic voter has a say of in it

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