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.
