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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 344,606 of 345,374   
   Just Wondering to useapen   
   Re: 'Stop the price-gouging': Incompeten   
   29 Nov 23 13:35:51   
   
   XPost: alt.politics.trump, alt.fan.rush-limbaugh, talk.politics.guns   
   XPost: sac.politics, alt.dementia   
   From: JW@jw.com   
      
   On 11/29/2023 2:45 AM, useapen wrote:   
   > President Joe Biden took aim at corporations Monday for charging prices he   
   > said were artificially high even though the rate of inflation has slowed   
   > and some shipping costs have fallen.   
   >   
   > “Any corporation that has not brought their prices back down, even as   
   > inflation has come down, even as the supply chains have been rebuilt, it’s   
   > time to stop the price-gouging,” Biden said at the launch of a new White   
   > House supply chain initiative. “Give the American consumer a break.”   
   >   
   > While it’s true that the annual rate of inflation has cooled from its high   
   > last summer, this doesn’t translate directly into falling consumer prices.   
   > It only means that prices are rising at a lower rate.   
   >   
   Indeed. Biden should know that lower inflation rates means prices   
   are rising more slowly.  It does not mean that prices have dropped.   
   Biden would know this if he wasn't in cognitive decline.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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