Biden’s Latest Inflation Narrative: ‘Corporate Price Gouging’

Wendell Husebø21 May 20245
2:29

“Corporate price gouging” is the Biden administration’s latest narrative to displace the responsibility of soaring costs.

President Joe Biden, who falsely claimed twice in two weeks that inflation was at nine percent when he assumed office, is transitioning to another tack, albeit a strategy he has used before.

“President Biden’s top economic priorities are fighting inflation and lowering costs for the American people,” White House deputy press secretary Andrew Bates claimed. “Standing up to corporate price gouging is at the core of that fight.”

Prices have soared under Biden’s leadership. The average Wisconsin family lost $21,981 due to the increased cost of living under Biden, the Republican National Committee estimated in May.

A McDonald’s meal with a Big Mac burger, a medium beverage, and an order of medium fries costs $18 in some locations, up $10 from 2018 when Donald Trump was president.

American families, meanwhile, have racked up credit card debt and gone into delinquency at an increased rate since the pandemic, the New York Fed found last week.

About 120,000 Americans incurred a bankruptcy notation on their credit reports last quarter. About 4.8 percent of Americans had some debt in third-party collections.

A majority of voters (51 percent) believe their financial position is worse under Biden’s economic policies, a Financial Times/Michigan Ross poll recently showed.

The poll also found damaging results for Biden’s reelection chances:

    Only 28 percent of voters said Biden’s economy helped their financial situation.
    71 percent said economic conditions are negative.
    80 percent said soaring prices are one of their biggest challenges.

“The poll results, which come less than six months before November’s presidential election, suggest voters are still blaming Biden for high consumer prices such as those for petrol [gas] and food,” the Times analyzed.

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https://www.breitbart.com/2024-election/2024/05/21/bidens-latest-inflation-narrative-corporate-price-gouging/

I pointed out a legitimate point of the article that was missing which really makes a difference to the outcome of the story.

Are you so thin skinned you cannot hear any other side of the story?

If you want to hear only one side and become ignorant and stupid be my guest.

I agree that the American Thinker, Gateway Pundit, Conservative Treehouse and some others post a a lot of sensationalistic garbage.  The problem is that your critiques seemed to focus exclusively on conservative sources and views, and only backhanded criticisms of the left.  That's why you presenting yourself as a moderate was viewed so skeptically.

My brother is a Republican convinced that "sanity will return" and that things like the current fetish of transgenderism will die out because "it is unsustainable."  But he and you are both prisoners of the moment.

The truth is that the country has been on a steady leftward drift for a looooong time, and the pattern is pretty much always the same.  Radical ideas are proposed that are out of the mainstream, and that do not have majority support.  But because the support of those radicals can be determinative for some of those running for office as Democrats, they placate those radicals by giving them some of what they want.  And it usually is modest enough that Republicans aren't willing to go to the mat over it.  So, the window shifts left.

Then they come back a bit later, and repeat the process.  Except now, they're already starting out further to the left so what they're pushing now is something that wouldn't have been accepted before, but may be accepted later because the status quo has changed.  And this keeps repeating.

The key thing is that this movement is almost exclusively leftward over time.  Part of that is due to structural biases in the legal system (the "ratchet effect"), part of it is due to leftist domination of the universities, and part of it is because of the inherent bias of leftward-leaning people towards government action, and therefore towards government employment.  Most conservatives don't like government, don't want much to do with it, and therefore don't get involved because they prefer the private sector. That gives the left a structural advantage.

That still doesn't excuse sensationalized reporting and headlines from some right-leaning outlets.  I personally find that stuff frustrating as hell because it tends to lead conservatives down rabbit holes that lead nowhere, and can make us look ridiculous when it is proven false.  But because this country is in no practical danger of sliding to the right, I really can't fathom conservatives and moderates who think that kind of sloppy journalism presents anywhere near that threat presented by "journalism" on the left.  So when someone who claims to be a conservative or even a moderate seems to only focus on flaws among conservatives, I question their claimed "moderate" or "conservative". mantle.

That worm did more damage to his brain than we thought.

Basically, if Netanyahu or the other relevant Israeli officials travel for diplomatic reasons in many countries they could be arrested. And I doubt they would trust the US while LIEden is President, even though the US does not recognize the ICC's authority.

One of these days that jacked up lightbulb is going to burn out on stage. Can't do that over and over without consequences.

A massive stroke live on TV would be ratings gold!