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submitted 11 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[-] Wooster@startrek.website 148 points 11 months ago

He amplified his crackdown on soaring prescription drug costs, hidden fees for cable and air travel and corporate “price-gouging.” He also promised to “keep fighting to bring down costs.”

Following the links the above quote, the CNBC articles suggests we can expect progress on the first two items (prescription drug costs and hidden fees), but there's nothing I read in the linked article about dealing with price gouging other than some stern words. Maybe something is indeed in the works, but it wasn't obvious to me at the least.

Instead of taking a routine victory lap, the president doubled down on the war, pledging to do himself what the Federal Reserve’s interest rate hikes have not: Make things cheaper.

[…]

It is a marked tone shift from the president’s typical reactions to positive inflation data.

I do appreciate this narrative shift—transitioning from tone-deaf/gaslighting to acknowledging that key issues still aren't addressed.

[-] Semi-Hemi-Demigod@kbin.social 70 points 11 months ago

He's trying to thread the needle, and to me it's kinda working. He won't be effective on most of it, I'm sure, but I've given up hope of effective government and just like it when it makes nice sounds.

[-] Jaderick@lemmy.world 75 points 11 months ago

I feel like the biggest reason he won’t be effective is that he’s against pure obstructionists in the GOP. They have no desire to govern and somehow won the House.

[-] Wooster@startrek.website 51 points 11 months ago

That and the biggest donors, on both political sides, have everything to lose from following through on stopping price gouging.

[-] squirmy_wormy@lemmy.world 13 points 11 months ago

Time to cut the rot at its core then

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[-] Cuttlefish1111@lemmy.world 11 points 11 months ago

If they don’t, The golden goose will disappear forever

[-] Rodeo@lemmy.ca 7 points 11 months ago

have everything to lose

You mean they won't profit as much.

Nothing they lose will be so much that they have to change their lifestyles over it.

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[-] Semi-Hemi-Demigod@kbin.social 25 points 11 months ago* (last edited 11 months ago)

Oh yeah, it's totally the GOP's fault. 100%. Just like the last 40 something years since Reagan. Which is why I've given up hope.

Note: I am not being sarcastic. The GOP broke our government.

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[-] csm10495@sh.itjust.works 98 points 11 months ago

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 48 points 11 months ago

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

[-] T00l_shed@lemmy.world 14 points 11 months 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 11 months ago

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 53 points 11 months ago

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."

[-] Wooster@startrek.website 12 points 11 months ago

I mean, it's not anything special to presidency. With concerts, it's the conductor that gets the praise… with companies, it's CEOs, with sports it's usually coaches.

We're not good in general at remembering the individuals, let alone acknowledging them and their cog in the machine. A flaw to be sure, but a universal one.

That said, I certainly agree with the sentiment, the wrong people do get the praise and blame for those under their authority.

[-] MotoAsh@lemmy.world 11 points 11 months ago* (last edited 11 months ago)

Well, I dunno' about a universal problem, but it's definitely a nasty little thing stuck in the craw of the social zeitgeist.

I genuinely blame it on corporate media. They NEVER simply describe events and must sensationalize and narrativize everything. It gives credibility to what would otherwise be judgemental gossip, and people latch on and follow suit because of the sense of formality the "news" gives it.

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[-] DarkMessiah@lemmy.world 36 points 11 months ago

If I may, it’s almost as if…

THE RENT IS TOO DAMN HIGH!

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[-] dangblingus@lemmy.dbzer0.com 30 points 11 months ago

Inflation cooling doesn't mean prices go down.

[-] extant@lemmy.world 21 points 11 months ago

Especially when it seems most were artificially inflated.

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[-] RainfallSonata@lemmy.world 27 points 11 months ago

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

[-] Sendbeer@lemm.ee 63 points 11 months ago

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 16 points 11 months ago

Right?

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

[-] JoeBigelow@lemmy.ca 8 points 11 months ago

Go Fuck Yourself seems like the best option

[-] LeafOnTheWind@lemmy.world 13 points 11 months ago

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

[-] Jonnynny@lemm.ee 11 points 11 months ago

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.

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[-] Zerlyna@lemmy.world 9 points 11 months ago

About time we saw some Dark Brandon again.

[-] givesomefucks@lemmy.world 11 points 11 months 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 8 points 11 months ago* (last edited 11 months ago)

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 25 points 11 months ago

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.

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this post was submitted on 12 Dec 2023
563 points (97.0% liked)

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