this post was submitted on 12 Dec 2023

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568

‘Too many things unaffordable:’ Biden fires up price wars as inflation cools (www.cnbc.com)

submitted 1 year ago by return2ozma@lemmy.world to c/news@lemmy.world

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[–] csm10495@sh.itjust.works 99 points 1 year ago (3 children)

He has no power to do anything really. I'm starting to think more socialism makes sense. I kind of want profit limits on certain essential sectors like food, medicine, probably others.

I'm tired of hearing about how company X made 3 billion more this quarter than last year. It's one thing to be profitable and make something, it's another to give it all to the execs and make consumers eat more year after year.

Raising prices to raise profits when you're still profitable is ridiculous and greedy.

I don't see how Biden could fix the situation on his own. It needs a massive change.

[–] Asafum@feddit.nl 47 points 1 year ago

Nestle should not be allowed to own water supplies, it's beyond disgusting.

[–] T00l_shed@lemmy.world 15 points 1 year ago

Want to buy a new TV? Sure capitalism ~can work for that~

Need Healthcare? Or food? Or internet? Or housing? Capitalism does not work for that.

[–] guacupado@lemmy.world 10 points 1 year ago (3 children)

Exactly. Nothing short of some socialism is going to fix this when companies can increase prices as much as they want. Current generation kids will say "well the fair market means someone will lower prices and everyone else will have to follow or lose customers." Adults know that all that's happening is everyone is raising prices across the board since they all win.

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[–] dragonflyteaparty@lemmy.world 56 points 1 year ago (2 children)

I'll never get articles like this. First off, Biden, specifically, is the one creating a price war? Huh, only him. No one else is engaged in any way, shape, or form.

Second, oh, he's only doing it because of the election. How do you know that? What proof do you have other than timing? Did you read his mind? That's a guess at best.

Third, why does the president always get all the blame or all the praise no matter what? We don't have a dictatorship (however much some people want us to). This has always seemed to be such bullshit to me. I hate how people act like the president is to blame for every single bad thing that ever happens that's even tangentially related to the government and given all the praise when other parts of the government did things that the president has nothing to do with.

Four, there's so much bias on this article that basically just says "Biden bad even though he's trying to help. Doesn't matter. He's still bad."

[–] Surp@lemmy.world 6 points 1 year ago (1 children)

Well said but 50%-60% of everyone else is fucking stupid. You can't fix stupid.

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[–] DarkMessiah@lemmy.world 35 points 1 year ago (1 children)

If I may, it’s almost as if…

THE RENT IS TOO DAMN HIGH!

[–] nucleative@lemmy.world 7 points 1 year ago (1 children)

Somebody should run a political campaign on this premise

[–] Semi-Hemi-Demigod@kbin.social 2 points 1 year ago (1 children)

It'll only work if they have some seriously epic facial hair

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[–] dangblingus@lemmy.dbzer0.com 29 points 1 year ago (1 children)

Inflation cooling doesn't mean prices go down.

[–] extant@lemmy.world 20 points 1 year ago

Especially when it seems most were artificially inflated.

[–] RainfallSonata@lemmy.world 27 points 1 year ago (2 children)

Worrying about the price of cable is the most boomer shit I've ever heard of.

[–] Sendbeer@lemm.ee 61 points 1 year ago (2 children)

Cable companies having a monopoly on internet in most areas affect almost everyone and should be dealt with though (it won't be though).

[–] hydrospanner@lemmy.world 17 points 1 year ago (1 children)

Right?

At my address, my choices for high speed Internet are Comcast or Go Fuck Yourself.

[–] JoeBigelow@lemmy.ca 8 points 1 year ago (1 children)

Go Fuck Yourself seems like the best option

[–] LeafOnTheWind@lemmy.world 13 points 1 year ago

If only I could go fuck myself at 500mbps... 😩

[–] Jonnynny@lemm.ee 11 points 1 year ago (1 children)

If you look at other countries like Germany you can get high speed 400mbps for around $30-35 a month. Fiber isn't as available in a lot of areas but it is expanding and you can get 1000mbps for $45 a month.

US cable companies are price gouging customers so bad. And that's all while getting money from the government to fund their infrastructure expansions.

[–] Cosmocrat@lemmy.dbzer0.com 5 points 1 year ago (1 children)

Mediacom charges us $110 for 200 mbps here in America

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[–] RGB3x3@lemmy.world 11 points 1 year ago (1 children)

"People are paying too much for television packages and don't have options to change it!"

"Yeah Grandpa, we figured this out in 2010."

[–] skuzz@discuss.tchncs.de 8 points 1 year ago (2 children)

Yeah, just pay $20 a month across 16 different streaming services that all have siloed content! It's so much better now! /s

[–] Duamerthrax@lemmy.world 7 points 1 year ago (1 children)

We figured this out by pirating shit.

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[–] Zerlyna@lemmy.world 10 points 1 year ago (1 children)

About time we saw some Dark Brandon again.

[–] givesomefucks@lemmy.world 9 points 1 year ago

I used to think that was the dumbest shit a democratic administration would embrace...

Then they started unironically using the term "Bidenomics" like making people associate Biden and Regan was a good thing.

Like, if 20 years ago someone said in 2024 both candidates for US president would be ripping off Ronald Regan Id have laughed in your face.

But we're really fucking there, and at this point no democratic voter has a say of in it

[–] distantsounds@lemmy.world 6 points 1 year ago* (last edited 1 year ago) (3 children)

A dozen eggs costs over $6 still. This is after the industry was called out for gouging 15-20 years ago AND after the bird flu panic raised prices a year or 2 ago (that was found to be BS too). He ain’t gonna do anything. He is another “chump block” for big biz, but at least he’s not Trump. I’m so tired of all this edit: some pics of the egg prices here today

[–] MisterFeeny@kbin.social 26 points 1 year ago (3 children)

Might be the store you shop at is to blame. I can get a dozen cage free eggs for $2.49 at my local Safeway. I feel like some stores just refused to lower their prices back down after that bird flu panic. They're all greedy, some just greedier than others.

[–] Jaysyn@kbin.social 9 points 1 year ago (1 children)

$3.49 here.

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[–] distantsounds@lemmy.world 7 points 1 year ago (3 children)

I have several stores to pick from and that’s what the it is here. (Chicago area)

[–] MisterFeeny@kbin.social 10 points 1 year ago (1 children)

I grew up in Chicago area. Out of curiosity, I looked it up on the Jewel Osco website and a dozen normal eggs is 2 bucks a dozen, currently on sale for $1.79.

[–] distantsounds@lemmy.world 2 points 1 year ago* (last edited 1 year ago) (2 children)

You are correct. Da jewel has their brand at that price, but no one ever buys those more than once. Here are the prices from jewelz about an hour ago...note the completely untouched house brand. And for anyone else, this is a mid-tier grocery store edit: pinch and zoom for fucks sake. was uploaded mobile. stopped paying adobe and i still need to put the time into learning Gimp. EDIT2: why are you downvoting can you not see or does it hurt when your lying eyes see this? eggs1 more eggs

[–] HerbalGamer@sh.itjust.works 4 points 1 year ago

edit: pinch and zoom for fucks sake. was uploaded mobile.

cool but I'm reading this on desktop.

[–] be_excellent_to_each_other@kbin.social 3 points 1 year ago

Although I agree that the egg industry has shown itself to be miserable bastards, I feel like all you've demonstrated is that consumers are still being gouged for eggs in chicago.

Prices have come down a lot here, and based on replies to your comment, many other places also.

That does suck, but it also leads me to believe that some entity local to you is the source of the problem.

[–] oehm@lemmy.ml 5 points 1 year ago

Jewel and Mariano’s both have the cheapest eggs at or under $2.50. I get the ones that are supposedly more humane and for $5 though.

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[–] Maeve@kbin.social 4 points 1 year ago

People shop at the stores available, to which they can travel.

[–] Buelldozer@lemmy.today 6 points 1 year ago (1 children)

I live in the middle of Wyoming and an 18 pack of eggs is only $3.48 at Walmart. I dunno what HCOL area you're in or what kind of fancy stores you visit but eggs costing 50 cents each isn't the norm.

[–] EncryptKeeper@lemmy.world 2 points 1 year ago

I live in a HCOL area and a dozen eggs at Lidl is under $2

[–] Voyajer@lemmy.world 3 points 1 year ago

$2.82 for 18 here from a store brand, $3.84 for 18 cage free.

[–] givesomefucks@lemmy.world 2 points 1 year ago (3 children)

But funding genocide isn't unaffordable...

Got plenty of billions to give to Netanyahu to continue his genocide of Palestinians no matter what. Just not enough for Americans to have stuff like healthcare or retirement.

Nope.

Gotta have priorities, it's not like we could ask the wealthiest to pay their fair of taxes either. Just think of all the donations politicians like Biden would lose our on!

[–] ChonkyOwlbear@lemmy.world 48 points 1 year ago (11 children)

What the fuck are you talking about? Biden and the Democrats are the only politicians trying to tax the rich, get people healthcare, and keep Medicare funded. Blame the Republicans that stop them every time. It has nothing to do with not being able to afford it.

[–] assaultpotato@sh.itjust.works 15 points 1 year ago

Yea the US could sacrifice zero dollars in defense budget and still provide adequate service to the population. Healthcare is cheaper when it's not being profiteered by insurance middlemen, and private companies pricing is really hard to influence directly without something like a price fixing lawsuit.

But hey gotta maintain the "democrats are just as bad" image.

[–] Poggervania@kbin.social 4 points 1 year ago (2 children)

They’re one of those “gEnOcIdEr JoE” types that don’t realize the US would’ve backed Israel regardless of who was President.

Also, the military industrial complex is fucking insane and it’s arguable that the US has invested so much into it that it would hugely impact the economy between all the programs, jobs, and money in general we (over)give to them.

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[–] CmdrShepard@lemmy.one 4 points 1 year ago

Not only funding genocide but also defunding a country legitimately trying to defend itself from an invasion. Somehow, he can invoke emergency powers to weaponize Israel, but Ukraine's fate is left to another group who can't even manage to pass a bowl of mashed potatoes.

[–] WarmSoda@lemm.ee 2 points 1 year ago (1 children)

Military budget has nothing to do with prescription drugs and groceries.

[–] givesomefucks@lemmy.world 3 points 1 year ago* (last edited 1 year ago) (2 children)

Wait...

You think the 15 billion Biden wants Israel to have is coming out of the defense budget?!

https://www.nytimes.com/2023/10/20/us/politics/bidens-funds-israel-ukraine.html

You think any of the billions we give them annually is being taken away from the DoD?

Ludacris.

The military budget isn't paying for that.

It's getting added to our debt, which will then prevent moderates and Republicans from supporting shit like universal healthcare or tax cuts to the least wealthy

Gotta say, didn't think I'd have to break that down. Thought everyone in a political sub would understand

[–] Jerbattimus@lemmy.world 3 points 1 year ago (1 children)

If you think that Republicans are against universal healthcare and progressive tax structures because the national debt is too high, then I also have a bridge to sell you.

They don't support those things because it's evil, evil socialism and makes rich people slightly less rich. Even if the debt was $0, they'd still oppose things like that. It's who they are.

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