Biden plans to use cold-war era law in attempt to lower US prices

Watch Republicans somehow find a way to complain about lower prices and call Biden a dictator.

“When supply chains are smooth, prices fall for goods, food, and equipment, putting more money in the pockets of American families, workers, farmers, and entrepreneurs,” the statement added.

The problem is that prices never fall even when supply chains are smooth, it isn't like Kelloggs or Nestle are going to lower their prices because the costs of moving stuff and buying stuff is cheaper.

That money goes right back into profits.

Unions have helped a lot with this problem, but it has only helped people with a union organization.

And it really hasn't fixed the core problems in America.

Americans need to see some kind of relief from these companies that are apart of our lives running smoothly.

But think of the multi-billion dollar pharmaceutical corporations!

This is the best summary I could come up with:

The White House has announced it plans to use a cold-war era law to ease supply chain issues that the administrations argues are contributing to higher inflation – a key electoral challenge to Joe Biden’s re-election chances next year as polling consistently suggests voters are not buying his Bidenomics pitch.

In a statement, the White House said Biden will use the Defense Production Act to improve the domestic manufacturing of medicines deemed crucial for national security and will convene the first meeting of the president’s supply chain resilience council to announce other measures tied to the production and shipment of goods.

But the White House has acknowledged that improving economic picture is not shared by consumers, and the administration has explicitly tied the economy to the president by calling it Bidenomics.

Prices have risen as much in the past three years as they had in the previous decade, according to a report by Bloomberg, and it now costs almost $120 to buy the same goods and services a family could afford with $100 before the pandemic.

According to Bloomberg, groceries and electricity are up 25%, used-car prices have climbed 35%, auto insurance 33% and rent roughly 20% since January 2020.

“When supply chains are smooth, prices fall for goods, food, and equipment, putting more money in the pockets of American families, workers, farmers, and entrepreneurs,” the statement added.

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I appreciate the idea of trying to lower medical costs (I can't imagine he can use this sufficiently to actually reduce overall inflation) but I can't help but think that in a working democracy we would repeal the Defense Production Act and the Insurrection Act and any other decade/century old laws that give the executive power which is or might be being repurposed for modern times for political reasons.

If you want to reduce medical costs, pass a law to do that. If you can't, run on a campaign where you explain that the other side is stopping you from passing the law, and if you don't win enough seats to pass the law then you just can't do the thing you wanted to do, Democracy has spoken.

Will be inevitably blocked by Republicans causing the usual response from Democrats: