#Inflation soared under President #Biden in 2021 & 2022, as the #economy emerged from the #pandemic recession [that began under Trump]. Its causes were complex, including snarled #SupplyChains, stimulative policies by the #FederalReserve &, to a degree, federal fiscal policies incl’ing #Covid relief bills signed by #Trump &…Biden.
What #Republicans call “Bidenflation” has become one of the president’s biggest liabilities in his rematch w/ #Trump. In response, #Biden has sought to simultaneously cheer #progress in #stabilizing or bringing down #prices — #growth has slowed sharply from a yr ago — while acknowledging the pain #voters still feel in their pocketbooks.
Biden has also attacked #corporations for pricing practices in certain sectors such as meatpacking, snack foods, concert tickets & gasoline.
@Nonilex Amazing how Biden’s policies caused double digit inflation in every single country on the planet too 🤪👈 At least he kept our inflation rate to only 9% or less while some Eurozone countries were absolutely crushed by >50% rates those years. Biden must really have it in for them 🙄
Its an election year. We have plenty of disinformation and unfortunate takes to sort through already. Maybe we who still favor democracy should all hold ourselves to a higher standard than the fn Times does
After almost 25 years as an Amazon customer, I deleted my account. About 6 years ago, I noticed that Amazon was getting worse and worse and the much-vaunted service had almost disappeared.
When I wanted to rent Dune 2, I had to pay a price of 17.90 Euro. I am finally fed up. 17.90 Euro for 48 hours watching? I'm stubborn and prefer not to have something than to be boiled! If I break with someone or something once, the break is forever!
Dollar Tree and its subsidiary Family Dollar are closing 1,000 stores.
According to Dollar Tree CEO Rick Dreiling, who makes 951 times the $14,702 median pay of his employees, “Persistent inflation and reduced government benefits continue to pressure the lower-income consumers that comprise a sizable portion of Family Dollar’s customer base."
Corporate profits account for about 53% of greedflation.
Dollar Tree employees are among the top recipients of government safety net programs, such as Medicaid and food stamps (SNAP) benefits.
Maybe, just maybe, if predatory corporate chain stores like Dollar Tree would pay their employees a living wage, they could generate profit the good old fashioned way, by selling retail goods to customers that need or want them. Just a thought.