Cool. So what’s he gonna do about it? Or was this it?
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.
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?
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.
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.
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.
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.
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.
that was basically it. short of siccing the irs on them there’s not a lot the executive branch can do about it… of course that’d kill the golden goose named “campaign contributions”, so it wont happen
Windfall taxes is a thing they can use. If companies raise their prices too fast the excess profit gets taxed at a higher rate.
It will be harder to pass new laws in the current Congress, but he still has control over the executive branch. Hopefully some existing laws could be used.
He appointed the most aggressive FTC head in decades who is using the antitrust law we have to currently go after Google and Amazon.
She’s also fighting a merger between Kroger and Albertsons, which would drastically raise grocery prices.
The FTC is also fighting the hedge fund buyout of preciously independent healthcare clinics, which has massively ramped up medical costs.
Not to mention breaking the real estate agent fee monopoly.
His executive branch has been busy as hell trying to help people.
Don’t tell us facts. We’ve already decided to believe whatever the fuck we want regardless. /s
I mean, you wouldn’t want the politicians to lose their legal bribes generous donations over acting in our interests instead of the corporations, would you?
Will someone please think of the rich folks pockets?
How is it possible that people don’t understand the implied “/s” here??? Or am I missing some other reason for the downvotes?
FWIW, I thought your comment was great. Gave me quite a chuckle! :-D
Because this is just more of that “enlightened centrist both sides baaaaaaad” bullshit that dumbasses invoke whenever they want to diminish the power of one side, thus actually strengthening the other side, while claiming that they don’t care about sides at all, even though they just can’t stop themselves from only sputtering it out when it’s the dems doing something.
And after trump if you still believe both sides are the same then you are certifiably brain dead.
It’s because I said bad things about Biden, even though I was talking about politicians as a whole. But you can’t say bad things about Biden or be any kind of critical about the current administration without getting trashed on here.
All he can do is back out his limp-dick economic policies that are destroying the country and creating this problem…but there’s no chance of that.
This damage is literally the point of the policies. What people don’t understand is that he’s doing this on purpose.
So the attorney general can open an investigation on this asshat profiteering off of hand sanitizer but when it comes to companies price gouging in the wake of the pandemic we get this limp dick response? Sure I’m glad he said something but we need more
Apparently a state of emergency needs to have been declared for them to actually do anything about price gouging directly.
I read about it when Southwest airlines went completely down for a week last year over the holidays and I was stranded somewhere. Other airlines had astronomical prices and car rentals were over $500 for one day. It was disgusting. But apparently there was nothing to be done.
They need to change the rules surrounding it because they’re not working. But any amount of government intervention in the economy gets conservatives screaming about “communism,” or socialism, or whatever scapegoat they’re using that day that they don’t know the actual definition of. And yet, if there’s no government intervention in the economy it’s “Biden’s not doing enough/Biden is personally raising gas prices every week” etc.
Of course there wasn’t a single peep from them when Trump was fucking shit up, other than those “this is Biden’s America” memes when Biden hadn’t even taken office yet and the photos were a year old. Nothing will get done about it as long as conservatives have any say in congress. But they’ll always be the one’s complaining and pointing the finger at “the libruls” while profiting.
Corporations: “Make us.”
Biden: “no”
Corporations: “or what?”
Make them, under force of real economic consequences, or this is just begging.
They don’t. Congress with the President could but won’t.
I’ve no illusions friend. Neither the Republicans nor the Neoliberals aka 90+ percent of Office holding Democrats have the slightest interest in helping anyone, only taking bribes and reinforcing their party’s power.
This nation is over. Reaganomics saw to that and Citizens United dashed the last of the faintest of rational hopes for self-repair. This is just leftover momentum. This labor camp we call the US will eventually collapse under the weight of its own corruption, but until then, we suffer generationally with zero recourse.
No one with any power, no one from the right families is coming to help their capital livestock. This exploitation machine is exactly what they wanted and spent decades lining pockets to achieve.
Yes, both parties are cancelling school lunches for impoverished children, reverting environmental regulations, overturning Roe v Wade, forcing women to become baby incubators, cutting social safety nets. Yes, they are both the same…
I hear you, and mostly agree with some of what you say. Though I take issue with the right families, those being the ones benefitting from the power. What I will point out is the gilded age, and how bad it was back then. Many of the same issues we have today, corruption, bribery, the net worth of the robber barons adjusted for inflation was probably about double the net worth of our current crop of scumbag billionaire villains.
I don’t subscribe to the hopelessness, and I do believe we can end this second gilded age. I just don’t see the ability to do that with either political party’s leadership. We have to reject them both equally while recognizing exactly the issues you’re pointing out with regards to the power structure and inequality. That is essentially what happened when we ended the first gilded age.
This nation is over.
IMO it’s better to phrase it as, “The economic system has already collapsed for the majority of Americans, and it’s getting worse. What will happen next?” Because it’s not like people will magically disappear overnight, it’s not like life is terrible for everyone all the time, and some things have improved over the last few decades.
Some people want to say “If we don’t do X, the world will end.” or “We didn’t do X, and it all went to hell, and we’re permanently doomed.” Most of the time, though, end-of-the-world stances are oversimplifications.
No one with any power, no one from the right families is coming to help their capital livestock.
That’s an interesting sentence right there. What does that even mean, the “right” families? Are you seriously expecting the people who created the problem to now help solve it?
This exploitation machine is exactly what they wanted and spent decades lining pockets to achieve.
No, of course you aren’t. But by God, let’s also not ask for help from the “wrong” families…
