Tiana Lowe Doescher criticizes Disney for raising park prices during inflation, citing their arrogance.
The Walt Disney Company Faces Criticism for Rising Park Prices Amid Inflation
The Washington Examiner’s Tiana Lowe Doescher has criticized the Walt Disney Company’s recent actions amid inflation affecting the country, which is impacting both essential and nonessential items in the economy.
Among the many items that have gone up in price over the past few years are tickets to Disney theme parks, with the price of admission to Disney World in Florida going up twice in 2022. Doescher, a commentary writer for the Washington Examiner, noted that Disney park prices are rising amid the writers and actors strike in Hollywood, the first time both writers and actors are on strike since the 1960s.
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“The hubris is there,” Doescher said during an appearance on Fox Business. “We saw these asset bubbles inflate with a decade of zero interest rate policy and then just go on steroids once COVID hit. And one of the dangers of keeping that, even when the economy is expanding, as it was expanding at the end of the Obama administration, as it was expanding throughout all of the Trump administration, the danger is we don’t have many tools left.”
Host Maria Bartiromo said the park prices rising is “an important factor” for families as the prices of food and oil, among other necessities, have gone up. Lowe noted that since President Joe Biden became president, the price of everything has gone up 16%, along with the price of food going up 19% and the price of electricity going up 23%.
Inflation rose slightly to a 3.2% rate for the year ending in July, marking the first increase after a full year of declines, the Bureau of Labor Statistics reported on Thursday. The increase in headline inflation is bad news for Biden, who has been trying to reassure the public that he is curbing price pressures.
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In a statement released Thursday, Biden remained adamant that “Bidenomics” is working, stating that annual inflation had fallen “by around two-thirds since last summer.”
“We’ve made this progress while maintaining the broad strength of our economy: unemployment remains near record lows, a higher share of working-age Americans are working now than in 20 years, real wages for the average American worker are growing and are higher than they were before the pandemic — with lower-wage workers seeing the largest gains,” the president said.
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