OPINION
True State of the Union Delivered Long Before Biden's Speech
By Michael Dorstewitz
Friday, 08 March 2024 09:57 AM EST
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President Joe Biden delivered what many Americans hope will be his last State of the Union address last night.
The polarizing and divisive speech touched on Ukraine, Jan. 6, abortion, Obamacare, and gun control.
The issues Americans care about most — inflation, the cost of loving — were glossed over, but he covered them this week in other ways.
In the days leading up to the president’s speech, he blamed "greedy" corporations for price hikes and "shrinkflation," for ruining the economy.
But, of course, he had it backwards — the economy caused the price hikes.
"Today, I'm launching a Strike Force on Unfair and Illegal Pricing to crack down on corporations who break the law while keeping prices high for American consumers," he said Tuesday.
However, other than actual price gouging, where merchants temporarily inflate prices to take advantage of a local disaster, there’s no such thing as "illegal pricing."
But that didn’t stop Joe.
He had to look like he was doing something in preparation for last night’s speech.
The White House Strike Force honed in on consumer credit card debt as its first assignment. Consumer debt amounted to a staggering $.1.23 trillion as of January.
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READ MORE: https://www.newsmax.com/michaeldorstewitz/credit-pricing-shrinkflation/2024/03/08/id/1156503/
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