Man, we hate being right all the time.
The other day, this writer asked if Biden — in an effort to combat ongoing inflation and increased prices — would impose price controls to artificially lower prices and help his re-election bid. Well, he seems to be heading in that direction:
Biden says prices ‘too high,’ asks sellers to lower them after 18% inflation https://t.co/XYThX6mYbV pic.twitter.com/THADR6SAsC
— New York Post (@nypost) November 27, 2023
From The New York Post:
WASHINGTON — President Biden acknowledged Monday that prices are still “too high” and argued that companies should lower them after an 18% jump in consumer costs since he took office.
“We know that prices are still too high for too many things — that times are still too tough for too many families,” the 81-year-old said near the White House.
“We’ve made progress, but we have more work to do,” Biden added. “Let me be clear to any corporation has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”
The prices of some goods, such as food products, are…
Read the full article here