Biden acknowledges high prices, shifts blame elsewhere
Biden Admits Prices Are ‘Too High for Too Many Things,’ But Points the Blame Away from Himself
When a man who has spent his adult life getting a government check starts telling Americans how they should run their businesses, the country should take it for what it’s worth.
But that’s exactly what President Joe Biden was doing on Monday when he used a White House address to grudgingly admit the inflation that’s ravaging American consumers.
And then quickly placed the blame exactly where it doesn’t belong.
In the speech, which introduced yet another government measure to control the economy — this one laughably titled the “White House Council on Supply Chain Resilience,” Biden as much as said the prices Americans are paying for goods and services are too high, but he had only one culprit in mind — the one that Democrats turn to whenever they need a whipping boy.
“Let me be clear: To any corporation that has not brought their prices back down — even as inflation has come down, even as supply chains have been rebuilt — it’s time to stop the price gouging, giving the American consumer a break,” the president said.
.@POTUS: “To any corporation that has not brought their prices back down, even as inflation has come down, even as supply chains have been rebuilt – it’s time to stop the price gouging.”
President Biden on Monday afternoon announced new efforts to strengthen America’s supply… pic.twitter.com/0MPY8SBkTa
— The Hill (@thehill) November 27, 2023
In this case, it would be nice if Biden took his own advice and gave the American people a break from the Democratic boilerplate blame game that puts all the evils of the world on the shoulders of shadowy, unnamed “corporations.”
Considering that Biden’s 36 years in the Senate, eight as vice president and almost three as president amount to almost a decade longer than the almost 40 years the average American has been alive, the statement is a joke.
His career hasn’t been defined by taking risks with his own money, making his own payroll and producing either a good or a service that consumers would want to spend their own money on.
He’s been concerned with spending other people’s money, collected by the government for the Beltway elite to dispose of.
(Democratic Senate Majority Leader Chuck Schumer is cut from the same cloth. After entering the New York State Assembly just out of law school, he was elected to Congress in 1980 at the age of 29. These are not men who deal with the world outside of government.)
What’s more, as energy analyst Patrick de Haan pointed out in a social media post on Tuesday, Biden made the claim after rattling off a series of statistics he said showed the economy is improving for Americans, including wage growth.
Biden loves to pretend he’s a friend of the working American — supporting union wage demands with knee-jerk, photo-op reflexes, for instance — but he can’t acknowledge that there’s a connection between higher wages paid to employees and higher prices paid by customers. Effectively, he was claiming credit for the development and dodging responsibility for what followed.
Cheerlead massive union (and other) wage increases, but target companies when they have to pay the bill for them?
‘Stop the price-gouging’: Biden hits corporations over high consumer costs @CNBC massive spending proposals, such as the American Jobs Plan and the American Families Plan, have put pressure on an already strained economy. The trillions of dollars in additional government spending combined with the Federal Reserve’s loose monetary policy have fueled inflationary pressures.
Furthermore, his administration’s lax approach to immigration has exacerbated labor shortages, impacting various industries. With fewer workers available, businesses have had to increase wages to attract employees, leading to higher costs that are ultimately passed on to consumers.
Moreover, Biden’s energy policies have contributed to rising fuel costs, which have a ripple effect on transportation and manufacturing expenses. The revocation of permits for the Keystone XL pipeline and the ban on new leases for oil and gas drilling on federal lands have disrupted the energy industry, reducing supply and driving up prices.
Additionally, the burdensome regulatory environment imposed by the Biden administration has increased compliance costs for businesses. From stricter environmental regulations to labor mandates, these regulations place a financial burden on companies, which eventually trickles down to higher prices for consumers.
It is disingenuous for Biden to point fingers at corporations without acknowledging the role his policies have played in exacerbating economic challenges. While it is true that supply chain disruptions and global factors have contributed to inflation, it is irresponsible to ignore the impact of government decisions and policies.
If Biden truly wants to address the issue of high prices, he should start by reassessing his administration’s agenda. Rather than blaming others, he should work towards implementing policies that promote economic growth, encourage investment, and reduce the burden on businesses. By creating a favorable environment for businesses to thrive, prices can naturally stabilize and benefit the American consumer.
It is time for Biden to take responsibility for the consequences of his actions and stop deflecting blame onto others. Americans deserve a leader who is willing to own up to his mistakes and work towards real solutions, rather than engaging in empty rhetoric and shifting blame away from himself.
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