{"id":2113324,"date":"2023-12-01T12:37:02","date_gmt":"2023-12-01T17:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-threatens-business-owners-who-raise-prices-to-keep-afloat-during-inflation\/"},"modified":"2023-12-01T12:41:29","modified_gmt":"2023-12-01T17:41:29","slug":"biden-threatens-business-owners-who-raise-prices-to-keep-afloat-during-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-threatens-business-owners-who-raise-prices-to-keep-afloat-during-inflation\/","title":{"rendered":"Biden warns business owners against price hikes during inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-threatens-business-owners-who-raise-prices-to-keep-afloat-during-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2113324&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Biden Threatens Business Owners Who Raise Prices to Keep\u2064 Afloat During Inflation<\/h2>\n<p>History \u200dhas a\u200d way of repeating\u2063 itself, especially when\u200c we \u2062fail to learn from it. In the\u2064 1970s, three presidents &#8211; Richard Nixon, \u200cGerald Ford, and Jimmy\u200b Carter &#8211; \u2062all struggled with inflation and attempted to \u2063control it through price and wage\u2063 controls. Unsurprisingly, their efforts were unsuccessful.<\/p>\n<p>Now, President\u200d Joe Biden seems to have either forgotten or\u2063 ignored the lessons of\u200d that era. Instead of\u2063 implementing direct price controls, he has\u200b taken to the bully pulpit, warning corporations \u2063not to\u2062 raise prices or face consequences. In a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/extra-response-time-denied-for-trump-lawyers-after-doj-seeks-protective-order-in-election-case\/\" title=\"Trump lawyers denied extra response time after DOJ seeks protective order in election case.\">recent social media \u2063post<\/a>, Biden \u200bdeclared, &#8220;Let \u200dme be clear to any corporation that\u2062 hasn&#8217;t brought their prices \u200cback down even as inflation \u2062has come down: \u2064It&#8217;s\u2063 time \u200bto stop the price gouging. Give American consumers a break.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Let me\u200b be clear to\u200d any corporation that hasn\u2019t brought their prices back down \u2063even as inflation has come down: \u2063It\u2019s time to stop the price gouging.<\/p>\n<p>Give American consumers a break.<\/p>\n<p>\u2014 Joe Biden (@JoeBiden) <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/1730247565537390998?\">November 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>This approach to tackling \u200dinflation is\u200b reminiscent of tactics used by\u2062 the mob in a protection racket. Rather than addressing the root causes of inflation, \u2064Biden is attempting to strong-arm\u200d businesses into lowering their \u200bprices. But this strategy ignores the\u200b fact that businesses often raise prices \u2063in response to\u200d rising\u2062 costs.<\/p>\n<p>Furthermore, Biden&#8217;s \u2064focus on inflation overlooks the\u200b fact that \u2064the \u2062current inflation rate\u2062 of 3.2 percent\u2063 in October is\u200d still above the Federal Reserve&#8217;s target rate of 2 percent. Simply demanding lower prices\u200c from businesses \u2063is\u2064 not a\u200d viable economic strategy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u201cListen, Jack, just lower\u2064 your\u200d prices\u201d is a \u200bhelluva economic strategy.<\/p>\n<p>\u2014 Damin\u2064 Toell (@damintoell) <a href=\"https:\/\/twitter.com\/damintoell\/status\/1730252236213641346?\">November 30, 2023<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Government creates inflation.<\/p>\n<p>Businesses adjust prices \u200bto meet\u200d the new\u2062 value\u200d of \u2063their goods and services\u2062 with less valuable\u200b currency.<\/p>\n<p>Government yells at businesses.<\/p>\n<p>\u2014 Being Libertarian (@beinlibertarian) <a href=\"https:\/\/twitter.com\/beinlibertarian\/status\/1730323003165045154?\">November 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>This is not the first \u2064time the\u200b White House has resorted to intimidation\u2064 tactics to address\u200b economic issues. \u200cIn \u200dthe past, Energy Secretary \u200bJennifer \u200cGranholm\u200c demanded \u2063explanations from energy companies regarding \u2064high gas prices. However, \u200dfluctuations in gas prices are influenced by\u200c various factors, \u200bincluding\u2062 seasonal\u2062 declines and inflation.<\/p>\n<p>Threatening businesses may seem like\u200b a quick fix, but it is not a sustainable solution. Biden&#8217;s economic \u200dpolicies have already had \u2063a negative impact \u2064on American prosperity, and blaming corporate America for his failures is \u200cmisguided. The American people are not\u200c fooled by this attempt to \u200cappear powerful.\u2062 It&#8217;s time for a new approach, one\u200b that\u2064 doesn&#8217;t involve empty threats and misguided optics.<\/p>\n<hr>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/biden-threatens-business-owners-raise-prices-keep-afloat-inflation\/\">Biden Threatens Business Owners Who \u2063Raise Prices \u200bto Keep\u200d Afloat\u2062 During Inflation<\/a> appeared first on \u2063 <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> How has excessive\u200b government spending, particularly as a result \u200cof the COVID-19 pandemic, impacted rent inflation?<\/h2>\n<p><span>  Rent inflationary environment is not solely the result of businesses raising prices.\u2064 It is also influenced \u2062by factors such\u2063 as increased government spending, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-adviser-admits-his-spending-will-cause-inflation-going-to-be-bumps-concerns-very-serious\/\" title=\"Biden Adviser Admits His Spending Will Cause Inflation: \u2018Going To Be Bumps,\u2019 Concerns \u2018Very Serious\u2019\">supply chain disruptions<\/a>, and the \u2064Federal Reserve&#8217;s monetary policy.<\/p>\n<p>One of\u2064 the main\u2063 drivers of inflation is the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/japanification-how-americas-economy-could-see-a-permanent-decline\/\" title=\"\u2018Japanification\u2019: How America\u2019s Economy Could See A Permanent Decline\">excessive government spending<\/a> \u2063that has taken place in recent\u2063 years. The \u200cCOVID-19 pandemic \u2064led to massive stimulus packages and relief programs, which injected trillions of dollars into the economy. As a result, the money supply increased, leading \u2063to a decrease in the value of the dollar and subsequent price increases.<\/p>\n<p>Supply chain disruptions have also\u200c played a significant role in driving up prices. \u2064The pandemic disrupted global trade and\u200b caused shortages in various industries.\u200b As \u200da result,\u2062 businesses have had to \u200dpay higher prices for inputs and\u2064 raw materials,\u200b leading\u200c to increased production costs. In order to maintain profitability,\u200d businesses may need to pass these higher costs onto consumers through price increases.<\/p>\n<p>Additionally, the Federal Reserve&#8217;s monetary policy has contributed to inflationary pressures. The central bank\u200b has kept interest rates low and engaged in quantitative easing, which involves buying government bonds \u2062to inject money into the economy. These\u200c measures have the\u2064 potential to stimulate economic \u200dgrowth, but they also \u200bcarry the \u2064risk of fueling inflation. By flooding\u200d the market \u2064with excess liquidity,\u200b the Federal\u200c Reserve has increased the money supply and contributed to rising prices.<\/p>\n<p>Rather than\u2062 addressing these underlying causes of inflation, Biden is focusing\u2063 on the symptom &#8211; higher \u2063prices. By threatening businesses with consequences for raising prices, he is ignoring the realities of the current economic\u200b environment. Many businesses are already struggling to stay afloat due \u200cto increased costs, and forcing\u2062 them to lower prices could exacerbate their financial difficulties.<\/p>\n<p>Instead, a more\u2064 effective approach \u200cwould be for the government to address the root causes of inflation. This could involve reevaluating \u2064fiscal policies to ensure responsible government spending, addressing\u200b supply chain\u2062 disruptions through targeted interventions, and working with \u200dthe Federal Reserve to implement monetary policies that balance economic growth with price stability.<\/p>\n<p>In conclusion, Biden&#8217;s threats to business owners \u200bwho\u2062 raise prices to stay afloat during inflation ignore the underlying causes of the current inflationary\u2062 environment. Rather than strong-arming businesses into \u2064lowering prices, a more effective \u2064approach would involve addressing the root \u2063causes of inflation through \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hud-unlikely-to-get-bidens-budget-recommendations-lawmakers-tell-secretary-fudge\/\" title=\"HUD\" Doubtful\" to Receive Budget Recommendations from Biden, Lawmakers Inform Secretary Fudge\">responsible fiscal policies<\/a>, targeted \u2062interventions to alleviate supply chain disruptions, \u2062and a\u2062 balanced monetary policy. Only by tackling the true\u200b sources\u2063 of inflation can we hope to achieve long-term price stability and economic prosperity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Failure to learn from history leads to its repetition. In the 1970s, Richard Nixon, Gerald Ford, and Jimmy Carter, faced inflation problems. All attempted price and wage controls to combat it<\/p>\n","protected":false},"author":663,"featured_media":2113325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2113324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2113324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/663"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2113324"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2113324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2113325"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2113324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2113324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2113324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}