President Joe Biden just gave a speech on “New Actions to Lower Costs for Hardworking Families by Fighting Corporate Rip-offs” and, in it, ended up giving a meandering defense of his administration’s economic policies in which he attacked companies for “shrinkflation,” bringing up the Cookie Monster while doing so.
Leading off his attack on companies, Biden indicated that he thinks America has a system of “exploitation” rather than “capitalism.” saying, “I’ve said before, capitalism without competition is — is not capitalism; it’s exploitation. And that’s what we’ve been seeing. Although it’s in small scale in the minds of many people, when you add up those numbers, they’re gigantic. And we’re taking it on.”
Then, switching tacks to briefly blame inflation on the pandemic rather than massive government spending, Biden claimed, “Here’s what’s happening: The pandemic disrupted the supply chains. We all know that. I — I remember — I didn’t think as many people had any idea what a supply chain was, and we all learned really quickly.”
Continuing on that “not my fault” explanation of inflation, Biden argued, “It drove up costs on everything from smartphones to automobiles. But it also — now those costs are making things — have come down, but the prices haven’t come down. They’ve stayed up. They’ve stayed high, and the profits have soared. And it’s time for those prices to come back down. Look, the good news is inflation is the lowest it’s been in three years. In the last — in last year alone, inflation came down by two thirds. We have one of the lowest inflation rates in the world.”
That’s when he returned to the line of attack on companies, blaming them for inflation by claiming that price hikes are attempts to “pad their profits” and ignoring that, in many cases, the real reason for increased prices is their input inflation and the corresponding need to make up for it. He said, “Many companies have done the right thing: They’ve helped lower costs for Americans. But even as supply chains are back to normal, some companies are still not passing along the savings to their consumers. Many corporations are raising their prices to pad their profits, charging folks more and more for less and less.”
Giving a supposed example, Biden pointed to potato chip bags as being a key shrinkflation culprit, claiming, “In fact, some of the small snack companies you won’t and — think you won’t even notice what they’re doing when they charge you just as much for the same size bag of potato chips, only it has a hell of a lot fewer chips in it.”
Then Biden got to his Cookie Monster claim. As the audience laughed, Biden said, “I’ll tell you what — I’ll tell you who did notice: the Cookie Monster. He pointed out cookies are — his cookies are getting smaller. He’s paying the same price. I was stunned when I found out that’s what actually happened.”
Watch the laughing and Cookie Monster bit here:
The American Tribune.com
POLITICAL COMMENTARY
WATCH: Audience Laughs As Brandon Brings Up Cookie Monster In Meandering Speech On Bidenflation
By Will TannerMarch 6, 2024Updated:March 6, 2024
President Joe Biden just gave a speech on “New Actions to Lower Costs for Hardworking Families by Fighting Corporate Rip-offs” and, in it, ended up giving a meandering defense of his administration’s economic policies in which he attacked companies for “shrinkflation,” bringing up the Cookie Monster while doing so.
Leading off his attack on companies, Biden indicated that he thinks America has a system of “exploitation” rather than “capitalism.” saying, “I’ve said before, capitalism without competition is — is not capitalism; it’s exploitation. And that’s what we’ve been seeing. Although it’s in small scale in the minds of many people, when you add up those numbers, they’re gigantic. And we’re taking it on.”
Then, switching tacks to briefly blame inflation on the pandemic rather than massive government spending, Biden claimed, “Here’s what’s happening: The pandemic disrupted the supply chains. We all know that. I — I remember — I didn’t think as many people had any idea what a supply chain was, and we all learned really quickly.”
Continuing on that “not my fault” explanation of inflation, Biden argued, “It drove up costs on everything from smartphones to automobiles. But it also — now those costs are making things — have come down, but the prices haven’t come down. They’ve stayed up. They’ve stayed high, and the profits have soared. And it’s time for those prices to come back down. Look, the good news is inflation is the lowest it’s been in three years. In the last — in last year alone, inflation came down by two thirds. We have one of the lowest inflation rates in the world.”
That’s when he returned to the line of attack on companies, blaming them for inflation by claiming that price hikes are attempts to “pad their profits” and ignoring that, in many cases, the real reason for increased prices is their input inflation and the corresponding need to make up for it. He said, “Many companies have done the right thing: They’ve helped lower costs for Americans. But even as supply chains are back to normal, some companies are still not passing along the savings to their consumers. Many corporations are raising their prices to pad their profits, charging folks more and more for less and less.”
Giving a supposed example, Biden pointed to potato chip bags as being a key shrinkflation culprit, claiming, “In fact, some of the small snack companies you won’t and — think you won’t even notice what they’re doing when they charge you just as much for the same size bag of potato chips, only it has a hell of a lot fewer chips in it.”
Then Biden got to his Cookie Monster claim. As the audience laughed, Biden said, “I’ll tell you what — I’ll tell you who did notice: the Cookie Monster. He pointed out cookies are — his cookies are getting smaller. He’s paying the same price. I was stunned when I found out that’s what actually happened.”
Watch the laughing and Cookie Monster bit here:
Audience Laughs As Brandon Brings Up Cookie Monster In Meandering Speech On Bidenflation
After Biden was done using Cookie Monster as a shrinkflation example, he returned to attacking companies, claiming, “But some companies are also adding junk fees — you know, the hidden costs that are added to the — your bill without your knowledge. And some companies have been even caught breaking the law while overcharging consumers. The American people are tired of being played for suckers. I mean, it’s one thing — no matter how much money you make, no matter how rich or poor or middle class you are, you don’t like being taken advantage of.”
Featured image credit: screengrab from the embedded video
Can I simply say what a relief to uncover someone who actually understands what they are talking about online.
You actually realize how to brting a problem to light and make
it important. More people ought to read this and understand
this side off your story. I was surprised you are not more popular
given thawt you certtainly posaess thee gift. http://boyarka-inform.com/
Premier xxx platforms offer high-quality content for adult entertainment.
Choose reliable hubs for a safe and enjoyable experience.
Stop by my site :: BEST FREE PORN VIDEOS
Top pokies experiences linked to Australija stand out for entertaining visual designs.
Players often enjoy smooth gamelay flow.
Creative in-game elements add extra excitement. User-friendly
interfaces support quick understanding. All in all, these pokies create an uplifting enttertainment
feel for many interestdd users.
I love it when people get together and share thoughts. Great site,
continue the good work! https://Ie-Tonybet.com
I have read a few good stuff here. Certainly value bookmarking for revisiting.
I surprise how so much attempt you place to create this sort of wonderful informative website. https://dragonslots.website/
Everyone loves it when people get together and share thoughts.
Great blog, stick with it! https://Tonybets.com.es/
Saved as a favorite, I like your web site! https://02bet.es/
First of all I want to say superb blog! I had a quick question that I’d like to ask if you do not mind.
I was curious to find out how you center yourself and
clear your thoughts prior to writing. I’ve had a tough time clearing
my mind in getting my ideas out there. I do take pleasure in writing but it just seems like the first 10 to
15 minutes are generally lost just trying to figure out
how to begin. Any ideas or hints? Appreciate it! https://Dragonslots.mobi/
Actually when someone doesn’t understand then its up to other users that
they will assist, so here it happens. https://22casino.at
Hurrah! At last I got a website from where I know how to genuinely obtain useful facts concerning my study and knowledge. https://bet20.com.es/
Your style is very unique compared to other folks I have read stuff from.
Thank you for posting when you’ve got the opportunity, Guess I will just bookmark this web site. https://ca-20Bet.com/
I like the helpful info you provide in your articles.
I’ll bookmark your weblog and check again here regularly.
I am quite certain I’ll learn a lot of new stuff right here!
Good luck for the next! https://dragonsslots.com/
When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each
time a comment is added I get several emails with the same comment.
Is there any way you can remove people from that service?
Appreciate it! https://20bet-hu.com
Because the admin of this web page is working, no question very
shortly it will be famous, due to its feature contents. https://20-Bet.de/
My programmer is trying to persuade me to move to .net
from PHP. I have always disliked the idea because of the
costs. But he’s tryiong none the less. I’ve been using WordPress on various
websites for about a year and am concerned about switching to another platform.
I have heard fantastic things about blogengine.net. Is there a way I can import all my
wordpress content into it? Any help would be greatly appreciated! https://Hellspincasino.no
Hi there would you mind letting me know which web host
you’re utilizing? I’ve loaded your blog in 3 different browsers and I must say
this blog loads a lot quicker then most. Can you recommend a good web
hosting provider at a fair price? Many thanks, I appreciate it! https://20Betcanada.com/
Forms of Fentanyl Citrate Fentanyl is a synthetic opioid typically used to treat patients with chronic severe pain or severe pain following surgery. GET YOURS TODAY WITHOUT PRESCRIPTION FROM THESE GUYS HERE AT https://berlusconimarket.com/product/fentanyl-powder/
View fentanyl information, including dose, uses, How to buy, Where to buy, side-effects, renal impairment, pregnancy, breast feeding, contra-indications and important safety information all at Berlusconimarket dot come. or say berlusconimarket.com .
Thanks for the marvelous posting! I certainly enjoyed reading it, you could be a great author.I will ensure that I bookmark your blog and may come back from now on. I want to encourage you to continue your great posts, have a nice weekend! https://Vave.eu.com/
Hey! I know this is somewhat off-topic but I needed to ask.
Does managing a well-established website like yours take a
massive amount work? I’m completely new to running a blog however I do write in my diary daily.
I’d like to start a blog so I can easily share my own experience and views online.
Please let me know if you have any kind of ideas or tips for brand new
aspiring bloggers. Thankyou! https://CN-Dragonslots.com/
This is a topic that is near to my heart… Cheers! Where are your contact details though? https://20Bet-Pilipinas.com/
I do not even know how I ended up here, but I thought this post was good.
I don’t know who you are but definitely you’re going to a
famous blogger if you are not already 😉 Cheers! https://dragoonslots.com/
Appreciate the recommendation. Let me try it out. https://20Bets.at/
I just like the helpful info you supply in your articles.
I will bookmark your blog and take a look at again right here regularly.
I am fairly sure I will learn lots of new stuff right right here!
Best of luck for the following! https://20Bet-Espagna.com/
Hi, I do think this is a great website. I stumbledupon it 😉 I am going to come back once again since
i have saved as a favorite it. Money and freedom is
the greatest way to change, may you be rich and continue to help other people. https://Tonybetting.ie/
Very nice post. I just stumbled upon your weblog and wanted to say
that I have really loved surfing around your weblog posts.
After all I’ll be subscribing on your rss feed
and I’m hoping you write once more very soon! https://hellspin-hungarian.com/
I just could not go away your website before suggesting that I actually enjoyed the standard information a person provide in your guests?
Is going to be back regularly in order to check up on new posts https://22-bet.online
I am sure this article has touched all the internet visitors, its really
really good piece of writing on building up new website. https://Tonybet-latvia.com/
I’m gone to tell my little brother, that he should also pay a visit this web
site on regular basis to obtain updated from hottest reports. https://Bet22.Eu.com/
Can I simply just say what a comfort to find
someone who really knows what they are talking about on the internet.
You actually know how to bring a problem to light and make it important.
More people should check this out and understand this side of the story.
It’s surprising you are not more popular because
you definitely possess the gift. https://22Bets.ro/
At this moment I am going away to do my breakfast,
after having my breakfast coming yet again to read
further news. https://Bizzocasino.it.com
Get the best price on Fentanyl at berlusconimarket.com today without prescription