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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.
Sorry to be pedantic on the internet (lol) but it might be more accurate to say inflation has slowed.
He picked two points in time and described a number that was fixed at each instance, so decreased works fine.
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lets add taxing the shit out of people who do this to the list.
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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
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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
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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
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He'll hire their execs to run various government agencies
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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
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Make them, under force of real economic consequences, or this is just begging.
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Any legislation to go with that or are you just asking nicely?
I'd be surprised if even saying this didn't have political ramifications. There's nothing, besides; military budget, tax breaks to millionaires, and their own pay raises, that would get through both houses of Congress right now.
Asking nicely is at least virtue signaling, maybe it'll be something we can address if a couple R's ever see the consequences of their illegal actions.
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Corporations after seeing how Black Friday netted over $9.8 billion: Uhhhh...no. According to these numbers, people LoVe the prices!
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Windfall taxes
Dude, they are gouging because they want you gone so they can have more tax breaks. Fuck then over already.
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this post was submitted on 28 Nov 2023
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