Posted on 05/15/2024 2:38:04 AM PDT by Libloather
Dozens of Democratic lawmakers signed a letter to President Biden, pleading with him to act on high grocery prices that have been slow to fall as inflation has come down.
Sen. Elizabeth Warren, D-Mass., led the letter Monday morning, calling on Biden to "exercise your executive authority to take additional action to address rising food prices without congressional action."
The letter amassed 40 Democratic signatories between the House and Senate, including senators Bernie Sanders, I-Vt., and Richard Blumenthal, D-Conn., and representatives Ilhan Omar, D-Minn., Alexandria Ocasio-Cortez, D-N.Y., and Rashida Tlaib, D-Mich., among others.
The lawmakers acknowledged "Americans are facing sky-high food prices."
Notably, grocery prices have not fallen at the same rate as inflation. This is "caused by excessive price gouging by food and grocery giants," the Democrats claimed.
Democrats asked Biden to direct his administration's Department of Justice to "prosecute actors in the agricultural and food sectors for pricefixing and other anticompetitive behavior" and task the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) with creating a joint task force with the purpose of investigating the manipulation of food prices.
"Our letter is about pointing out areas that exist in the law but have long been underused," Warren told Time magazine in an interview. "Now is the perfect moment to move."
(Excerpt) Read more at foxnews.com ...
We’ve been told he’s already working on it by importing cheap farm labor by the millions.
What does Biden have to do to get food prices down appreciably enough to make a difference in this election? The only thing I can think of is to waive any taxes for producers. His inflation machine is too big, slow and cumbersome to do anything else, IMO.
Whatever the demoncraps are planning will result in even higher prices and/or barren shelves.
Here we go. Food prices went up 75% since Biden took office. He will reduce them by 50% by punishing the industry and then claim food prices dropped significantly. And once again the media will gaslight Americans.
This is Obamacare for the food industry.
I suspect that this is just an attempt to reverse some of the dem’s losses because Joe’s horrible management during the past 3+ years. If, by some quirk of nature, he gets re-elected the game plan will go back to where it is now.
I hope that the electorate will see through this pandering attempt.
Nationalize the farm sector! All power to the soviets!
It never ceases to amaze me how little Democrats understand basic economics or even mathematics. Inflation represents a change in prices. Once those prices go up, they tend to stay up, even if inflation goes to zero.
If a something costs $100, then inflation of 9% in one year raises that to $109. Even if the next year’s inflation rate is 0%, the price stays at $109. More likely, the inflation rate drops to, say, 3%, so the new price is $112.27. That’s how inflation works.
The President has no authority to lower prices. Only through support of the free market system, elimination restrictions and lowering taxes, can prices come down.
That’s what Donald Trump will do. I have no idea what Biden will do.
Isn’t what they are asking Biden to do exactly that? Manipulation of food prices in order to change the results of an election.
What’s he gonna do? Demand bigger Twinkies?
This farce is completely FJB/Zerohisseff’s fault.
open the borders to illegal food to stream across?
DOJ investigations of food companies until they wise up and lower prices.
Promote Trans Food into your kitchen, joining the real food, which everyone can eat instead. Of course there would need to be a political movement forcing acceptance of Trans Food!
Open up America to Chinese grown food….. you know the Chinese use the most natural fertilizer in the world……
Promote Starvation to reduce Global Warming and it’s Green! Thus lower the average families food cost…… less eating, less cost! Good one Joe!
And lastly, force Food Companies to hire Hunter! If nothing else there will be 10% for the Big Guy
I tend to agree.
First, this food-price talk also includes fast-food situations...where California dumped a ton of issues with it’s $20 an hour working-wage.
Then you come to the logistics cost bumped up...across the nation...having nothing to do with actual food, but getting it from point to point.
Then you come to people having not enough wages to cover the monthly bill....so they use the credit card (getting deeper into debt) to buy food essentials.
There would have to be a 100-item list to correct, and these guys aren’t smart enough to perform that.
My prediction...prime-rate drops 1-point by late August. Massive crash of the stock market by early December, and banks in freefall for all of December.
That's what happens when you attack the agricultural and energy sectors, ding dongs. Attacking truckers and farmers doesn't yield good results.
And with the coming collapse it’ll all be blamed on Trump should he secure the votes in November election.
Or they’ll impose price controls.
Before: high and increasing food prices.
After: high food prices, shortages and empty shelves.
It is too late for the effects of any policy change to come out in time for the November election.
I think it’s a combo of a lot of things. What makes mayonnaise 9 dollars a jar? Minimum wage, and historic profits for grocery chains are a backwards situation.
and remember the “victory gardens” your grandma or great grandma grew to supplement the household with home grown food? the biden administration is working behind the scenes to outlaw small food gardens too. “IF you think that government is overbearing now just wait until you are completely disarmed” L.Star
All biden need do is ask,what would Marx do?
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