you are viewing a single comment's thread
view the rest of the comments
[–] 286 points 2 years ago (15 children)

Cool. So what’s he gonna do about it? Or was this it?

  • source
  • hideshow 19 child comments
  • [–] 104 points 2 years ago (12 children)

    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.

  • source
  • parent
  • hideshow 16 child comments
  • [–] 154 points 2 years ago (3 children)

    Use the anti monopoly laws we have in place to prevent price gouging from lack of competition

  • source
  • parent
  • hideshow 6 child comments
  • [–] 139 points 2 years ago* (1 child)

    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.

    https://www.justice.gov/atr/antitrust-case-filings

  • source
  • parent
  • hideshow 2 child comments
  • [–] 42 points 2 years ago (4 children)

    Sorry to be pedantic on the internet (lol) but it might be more accurate to say inflation has slowed.

  • source
  • parent
  • hideshow 7 child comments
  • [–] 21 points 2 years ago (1 child)

    Up like a rocket down like a parachute.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 5 points 2 years ago (1 child)

    Except the unfortunate part is that it is always increasing, it's just a derivative, rate of change. But the massive boost from months of heavy inflation is now here permanently, so we're adding 2-3% on TOP of the already-inflated costs. But that's not telling the full story, it is the value of the US dollar going down primarily. Buying power is lower by definition, but because of that, everyone on the bottom end is getting squeezed beyond anything they are ready for and it's going to eventually cause civil unrest on a larger scale.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 18 points 2 years ago (1 child)

    He picked two points in time and described a number that was fixed at each instance, so decreased works fine.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 2 points 2 years ago (3 children)

    But it didn't decrease, the rate of increase is what decreased. Inflation is a measure of acceleration, 7% and 3% are both increasing inflation.

  • source
  • parent
  • hideshow 5 child comments
  • load more comments (1 reply)
  • [–] 11 points 2 years ago* (1 child)

    Burn the pedant!

    I still think decreased is accurate though, the rate of inflation is significantly smaller today vs then, so the rate has decreased

  • source
  • parent
  • hideshow 2 child comments
  • load more comments (1 reply)
  • [–] 6 points 2 years ago (1 child)

    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?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 6 points 2 years ago

    The fact this is even in the negatives a tiny bit really demonstrates the typical political intelligence of your average voter.

    You’re of course completely correct, and Biden has indeed done everything he LEGALLY can do, which is probably why we’re suffering far less than a lot of the rest of the developed world economically speaking.

    People just like to shout at the wind, it seems.

  • source
  • parent
  • [–] 20 points 2 years ago (1 child)

    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!

  • source
  • parent
  • hideshow 2 child comments
  • [–] 13 points 2 years ago (1 child)

    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.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 5 points 2 years ago (6 children)

    Price controls are well within the president's powers. It's not that radical of a concept.

  • source
  • parent
  • hideshow 8 child comments
  • [–] 7 points 2 years ago

    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.

  • source
  • parent
  • load more comments (4 replies)
  • load more comments (8 replies)
  • [–] 27 points 2 years ago* (3 children)

    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

  • source
  • parent
  • hideshow 4 child comments
  • [–] 10 points 2 years ago (1 child)

    siccing the IRS on them

    Nothing the IRS can do, either.

  • source
  • parent
  • hideshow 2 child comments
  • load more comments (2 replies)
  • [–] 24 points 2 years ago (1 child)

    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.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 53 points 2 years ago* (1 child)

    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.

  • source
  • parent
  • hideshow 2 child comments
  • load more comments (11 replies)