‘Stop the price-gouging’: Biden hits corporations over high consumer costs

return2ozma@lemmy.world to News@lemmy.world – 850 points –
‘Stop the price-gouging’: Biden hits corporations over high consumer costs
cnbc.com
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L-O-L

He could threaten to cancel federal contracts with any vendor found to be price gouging. That would have actual ramifications and doesn't require Congress.

The president isn't powerless here. He just wants credit for purely performative actions.

The price gouging is mainly coming from consumer facing markets, not government contracts. Even with discretionary spending there isn't that much that pure executive branch actions can do to dissuade the price gouging that we've been seeing.

Well to be fair, there is A LOT of price gouging from government contracts, but they just print the money for it so they don't REALLY care.

Yup.

If the President threatened to void federal contracts, you'd see immediate change.

But the president doesn't work for us.

void federal contracts

I'm sure Walmart and Chipotle are shaking in their boots. I guess a president DID get McDonald's delivered to the White House once.

Never fails to amuse me the extent to which people make excuses for the leader of the free world.

Not sure what Jens Stoltenberg is gonna do about the price of bread in the USA, or are you confused with "leader of the USA" and "everyone else"?

I agree. Angry orange man was known for pushing every single loophole to make bad things happen.

If Joebob wanted to actually do something about it, he'd find a way to work it through the system. Isn't that the point of politics??

I despise Trump, but yes, I'd love to see a Democratic president who is actually willing to wield power.

Would also be nice to see 49% of voters no longer content to make excuses and vote Green instead.