Posted on 11/27/2023 2:53:18 PM PST by thegagline
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,” *** “We’ve made progress, but we have more work to do,” “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.”***
Annual inflation has cooled this year due to aggressive interest rate hikes, though it remained an elevated 3.2% in October and interest hikes caused fresh consumer pain, sending average credit card rates to 27.81% — roughly double the 14.6% APR when Biden took office — and average 30-year home mortgage rates have soared from 2.65% to between 7 and 8% this year.
(Excerpt) Read more at nypost.com ...
Biden doesn’t understand that inflation is a cumulative thing. The man is a dolt.
“YOU LIE!”
President Moron
So they lose money on every sale. Everyone knows that with enough capital you can make it up on volume. Worked for the Soviets and all it took was a monopoly.
The people who still support him must just love to be lied to.
“The man is a dolt.”
Yet the average voter probably can’t pinpoint anything wrong with his reasoning. So if he is smart enough to fool them, who is the real dolt?
How ‘bout asking Plugs the Child Molester to reduce his payoffs/bribes by 18% ? He’d crap his Pampers.
$2 trillion deficits in printed money put into the economy every year doesn’t help either.
LMAO
You moron!!!!!!!!!!! you FORCED everyone to close because of your Covid panic!
This is all your fault! now own it and stop blaming the victims!
He really is as dumb as a bag of diapers.
What Biden understands does not matter in the slightest way. He is too senile to understand anything, and he is not in charge of anything.
Biden's handlers understand perfectly well that they must keep lying about inflation to keep their phony baloney jobs. And that is what they do.
At least Biden could have told us to wear a sweater................
Fuel prices are still twice as high as they were in 2020 and energy costs are the primary driver of inflation. It’s not just the final goods that costs more. Everything that must be transported by rail, truck, or air is higher, too.
Typical bait and switch.
The problem isn’t retailers.
The problem is out of control spending by democrats, Joe Biden, and the incredibly unworkable and stupid ‘Green Energy’ spending.
Save your breath, Joe.
Nobody believes anything you say.
The comsummate idiot on a string.
Biden: “And you companies, please continue your large contributions to ME and all Democraps.”
The average young democrat thinks that everything should be free.
damn evil capitalists
odd how they weren’t evil when Trump was president
Hey Joe, how ‘bout you get your democrat mafia to lower taxes you buffon.
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