Biden admits prices ‘too high’ but blames sellers for 18% inflation

[mystery-ak]

 Biden admits prices ‘too high’ but blames sellers for 18% inflation
By Social Links for Steven Nelson
Published Nov. 27, 2023, 5:24 p.m. ET

WASHINGTON — President 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,” the 81-year-old said near the White House.

“We’ve made progress, but we have more work to do,” Biden added. “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.”

more
https://nypost.com/2023/11/27/news/biden-says-prices-too-high-asks-sellers-to-lower-them/

[LMAO]

Well, at least he's now admitting inflation is a problem. That's step 1

But of course he misses the mark on who is responsible

[libertybele]

Well, at least he's now admitting inflation is a problem. That's step 1

But of course he misses the mark on who is responsible

In a nutshell, HE is the problem. He is the worst president in history and I would even go as far to say that he is the, or at least an, anti-Christ; nothing he has done has proven otherwise.

[GtHawk]

Well, at least he's now admitting inflation is a problem. That's step 1

But of course he misses the mark on who is responsible

Why is it that the next solution I expect to hear from Biden and his handlers is going to be price controls....that will teach those greedy sellers!

[DefiantMassRINO]

Most current inflation is structural inflation caused by anti-supply-side government policy.  You can't mine, build, or make anything in this country (or at least the Blue States) without Government policy obstructing your enterprise.

[Smokin Joe]

Were his lips moving?

You know what follows.

[catfish1957]

Sellers?..   Hey pedo joe who just are these sellers?  Anyone with 1/10 of a brain, knows that based on manufacturing, supply chains, and consumer activity , everyone is a seller in some economic respect.

This man can not be that stupid.

[andy58-in-nh]

Sellers?..   Hey pedo joe who just are these sellers?  Anyone with 1/10 of a brain, knows that based on manufacturing, supply chains, and consumer activity , everyone is a seller in some economic respect.

This man can not be that stupid.

If Joe Biden were any stupider, you could use his brain for a doorstop.

But he has a talent, nonetheless for blaming the victims of his policies for acting rationally to avoid the consequences of his own actions.