Posted on 06/06/2024 12:05:01 PM PDT by E. Pluribus Unum
As high prices at grocery stores, gas pumps and pharmacies have soured many voters on his first term, President Biden has developed a populist riposte: Blame big corporations for inflation, not me.
But despite facing a tough re-election battle where economic issues will be central, Mr. Biden has not leaned into that message as frequently or naturally as some other Democrats, including senators running in competitive seats across the southwest and the industrial Midwest. The Biden campaign has not focused its television or online advertisements on messages berating companies for high prices, unlike Senators Bob Casey of Pennsylvania and Sherrod Brown of Ohio, who have made the issue a centerpiece of their campaigns — and who are outrunning Mr. Biden in polls.
Now, some progressives are urging Mr. Biden to follow those senators’ lead and make “greedflation,” as they call it, a driving theme of his re-election bid. They say that taking the fight to big business could bolster the broader Main Street vs. Wall Street argument he is pursuing against former President Donald J. Trump, particularly with the working-class voters of color Mr. Biden needs to motivate. And they believe polls show voters are primed to hear the president condemn big corporations in more forceful terms.
“It’s a winning message for Democrats,” said April Verrett, the president of the Service Employees International Union, which is knocking on doors in battleground states as part of a $200 million voter-turnout operation. “And clearly Bob Casey, who’s doing better in the polls than the president, is proving that it’s the winning message.”
Inflation soared under Mr. Biden in 2021 and 2022, as the economy emerged from pandemic recession...
(Excerpt) Read more at nytimes.com ...
Also raises the cost of manufacturing the goods and food the truckers deliver.
I cannot stand ignorant people……. These people are so ignorant they don’t know how to solve a problem. To solve a problem, first you have to properly identify it!
bkmk
Leftists do not know economics. When the US Government prints money, it inflates the economy like a balloon, hence the term inflation. Now these communists (I refuse to call them “progressives” as they really are “regressives”) want businesses to reduce their profits in order to cover up the Govt. caused inflation (How very communist of them). Sorry, it doesn’t work that way and it never will in the USA.
So our capitalists suddenly decided to become greedy under Biden?
Producer costs increased 19% in the past year.
Consumer prices increased 19% in the past year.
Those greedy producers!
How is it retailers became suddenly very greedy under Biden, but they were not so greedy under Trump or Obama?
“It’s a winning message for Democrats,” said April Verrett, the president of the Service Employees International Union.
In other words, it’s a way of gaslighting people who have never taken an economics course, which is some kind of privilege.
simple solution: Elect Trump. Corporations were demonstrably far less greedy under Trump.
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