President Biden recently took aim at grocery stores, accusing them of “ripping people off” with high pricing as he continues to deflect blame for the ongoing inflation crisis. During a speech at South Carolina’s First in the Nation Dinner, Biden blamed corporations for what he called “greedflation” and “shrinkflation,” claiming that Americans are “tired of being played for suckers.”
According to Biden, “inflation is coming down” and America’s economy is now “lower than any other major economy in the world.” While he acknowledged that prices for essential items like eggs, milk, chicken, and gas have decreased, he failed to mention that they are still significantly higher than they were before the pandemic. Instead, he shifted the blame to corporations and claimed that the government will “keep them in check” to bring down prices.
But the reality is, Americans are feeling the effects of inflation every time they go to the grocery store. A recent survey found that 59% of respondents feel “angry, anxious or resigned” while shopping for groceries, with anger being the most common emotion. And 72% said that groceries are where they feel the most impact of inflation.
INSTALLED PRESIDENT JOE BIDEN HAS NO SHAME
Biden @POTUS blames grocery stores for his FAILED economic plan — Joe, we see through your blame game – You do nothing but lie, lie, lie to #WeThePeople – We are NOT “suckers” – We’re hard working decent peoplehttps://t.co/TnMpx644u1
— Scott Hendricks (@ConservativeAd5) February 2, 2024
Despite the Biden administration’s attempts to downplay the severity of inflation, the numbers tell a different story. Inflation may have slightly decreased from record highs in 2022, but prices are still significantly higher than they were before the pandemic. In fact, Americans are now spending an average of $125.51 on groceries that would have cost them $100 in December 2019.
The Federal Reserve, under the guidance of Biden, has also failed to address the issue of inflation. Instead of taking action to combat rising prices, they have held interest rates steady for the fourth consecutive time, causing rates to remain at their highest levels in 22 years. And their statement only further emphasizes their reluctance to take action, stating that they do not expect to reduce interest rates until they are more confident that inflation is moving towards their target of 2%.
Meanwhile, Americans are feeling the pinch in their wallets. Food prices have gone up by 33.7%, shelter costs by 18.7%, and energy prices by 32.8% just since the start of 2021. Moody’s Analytics reports that Americans are now spending an average of $211 more each month compared to this time last year. In other words, in just two years, Americans are now spending an average of $1,020 more a month than they were before Biden took office.
20240202 BIDEN BLAMES GROCERY STORES FOR HIGH PRICES pic.twitter.com/D2FCho8TAB
— Robert Waloven (@comlabman) February 2, 2024
President Biden is more concerned with deflecting blame than taking real action to address the ongoing inflation crisis. While he blames corporations for “ripping people off,” it’s his own policies that have contributed to the rising cost of living for Americans.