He amplified his crackdown on soaring prescription drug costs, hidden fees for cable and air travel and corporate “price-gouging.” He also promised to “keep fighting to bring down costs.”
Following the links the above quote, the CNBC articles suggests we can expect progress on the first two items (prescription drug costs and hidden fees), but there’s nothing I read in the linked article about dealing with price gouging other than some stern words. Maybe something is indeed in the works, but it wasn’t obvious to me at the least.
Instead of taking a routine victory lap, the president doubled down on the war, pledging to do himself what the Federal Reserve’s interest rate hikes have not: Make things cheaper.
[…]
It is a marked tone shift from the president’s typical reactions to positive inflation data.
I do appreciate this narrative shift—transitioning from tone-deaf/gaslighting to acknowledging that key issues still aren’t addressed.
He’s trying to thread the needle, and to me it’s kinda working. He won’t be effective on most of it, I’m sure, but I’ve given up hope of effective government and just like it when it makes nice sounds.
He has no power to do anything really. I’m starting to think more socialism makes sense. I kind of want profit limits on certain essential sectors like food, medicine, probably others.
I’m tired of hearing about how company X made 3 billion more this quarter than last year. It’s one thing to be profitable and make something, it’s another to give it all to the execs and make consumers eat more year after year.
Raising prices to raise profits when you’re still profitable is ridiculous and greedy.
I don’t see how Biden could fix the situation on his own. It needs a massive change.
Nestle should not be allowed to own water supplies, it’s beyond disgusting.
Inflation cooling doesn’t mean prices go down.
Worrying about the price of cable is the most boomer shit I’ve ever heard of.
Cable companies having a monopoly on internet in most areas affect almost everyone and should be dealt with though (it won’t be though).
If you look at other countries like Germany you can get high speed 400mbps for around $30-35 a month. Fiber isn’t as available in a lot of areas but it is expanding and you can get 1000mbps for $45 a month.
US cable companies are price gouging customers so bad. And that’s all while getting money from the government to fund their infrastructure expansions.
Mediacom charges us $110 for 200 mbps here in America
$150 for “gigabit” which in practice means I usually get around 450mb.
But funding genocide isn’t unaffordable…
Got plenty of billions to give to Netanyahu to continue his genocide of Palestinians no matter what. Just not enough for Americans to have stuff like healthcare or retirement.
Nope.
Gotta have priorities, it’s not like we could ask the wealthiest to pay their fair of taxes either. Just think of all the donations politicians like Biden would lose our on!
What the fuck are you talking about? Biden and the Democrats are the only politicians trying to tax the rich, get people healthcare, and keep Medicare funded. Blame the Republicans that stop them every time. It has nothing to do with not being able to afford it.
They’re one of those “gEnOcIdEr JoE” types that don’t realize the US would’ve backed Israel regardless of who was President.
Also, the military industrial complex is fucking insane and it’s arguable that the US has invested so much into it that it would hugely impact the economy between all the programs, jobs, and money in general we (over)give to them.
