What can he do about it? We live in a free market society. All he can do is keep talking about it and hope the people get the message. Rebellion will start at the consumer level and go up, not the other way around. Main problem is the millions of people that rely on Fox for their news.
Use the anti monopoly laws we have in place to prevent price gouging from lack of competition
He issued an executive order in 2021 to do just that, among many other things to promote competition. There has definitely been an uptick in antitrust cases since then, and inflation has also decreased significantly.
Sorry to be pedantic on the internet (lol) but it might be more accurate to say inflation has slowed.
How would you like the President of the United States to do that? Do you think the President is a dictator that can just unilaterally pass sweeping legislation? How do you think the public would react if the President had the power to directly determine the prices of goods? How do you think that would go in general?
The fact this is even in the negatives a tiny bit really demonstrates the typical political intelligence of your average voter.
You’re of course completely correct, and Biden has indeed done everything he LEGALLY can do, which is probably why we’re suffering far less than a lot of the rest of the developed world economically speaking.
People just like to shout at the wind, it seems.
Damn there is nothing the government can do. Sorry guys :( You’ll just have to buy less food, and maybe then the corporations will get the hint!
Regulations? Laws against price gauging? Naw, they can’t do that. It’s the consumers that are at fault!
Do you think Biden makes the laws? Did you fail civics class? I said nothing about enacting laws making what these companies are doing illegal, I only said Biden can’t do much about it.
He can propose laws to the legislative bramch. He might not be able to pass it himself but he could push and advocate for it
Do you know basic US Civics, or…? Biden has the bully pulpit (basically what he’s doing here), and that’s pretty much it. He can issue executive orders (and has in the past about this), but those are often complete bullshit that’s unenforceable, and will be removed by the next person in the office.
Take a look at Trump rolling back Obama’s EPA purview over waterways in the US for a recent example that has left over 60% of our nation’s waterways now unprotected.
Biden is like dog shit on the bottom of FDR’s shoe. He is weak and pathetic and the only thing he cares about are his corporate donors
Price controls are well within the president’s powers. It’s not that radical of a concept.
It’s within congress’s powers for sure. I don’t think the president. Congress has done it in the past though, so they for sure can again.
Price controls are an extremely radical concept, themselves. Last thing this economy needs is further distortion.
The sucky thing about inflation is you have to run through it like an illness.
Windfall taxes. Let them share their gains, that’s the whole point of taxes since society don’t work otherwise.
Why is this upvoted?
No, the president of the United States cannot unilaterally implement price controls on goods without the involvement of Congress. Price controls typically involve changes to laws and regulations, which fall under the legislative branch’s authority. Congress would need to pass legislation granting such powers or specifically authorizing the president to implement price controls in certain circumstances.
