{"id":2174792,"date":"2024-02-13T04:26:01","date_gmt":"2024-02-13T09:26:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-pushes-shrinkflation-messaging-to-assign-blame-to-corporations\/"},"modified":"2024-02-13T04:30:22","modified_gmt":"2024-02-13T09:30:22","slug":"white-house-pushes-shrinkflation-messaging-to-assign-blame-to-corporations","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-pushes-shrinkflation-messaging-to-assign-blame-to-corporations\/","title":{"rendered":"White House blames corporations for &#8216;shrinkflation"},"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\">12<\/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%2Fwhite-house-pushes-shrinkflation-messaging-to-assign-blame-to-corporations%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=2174792&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>President Biden Takes on Shrinkflation<\/h2>\n<p>President Joe Biden has recently introduced the term &#8220;shrinkflation&#8221; to address rising prices and counter\u200c Republican criticism of his economic management. In\u2064 a video ad \u2062released\u2064 by his team, Biden expressed his frustration with companies reducing the size or quantity of goods without raising the price, a practice known as shrinkflation.<\/p>\n<blockquote>\n<p>&#8220;While you were Super Bowl shopping, did \u200cyou notice smaller-than-usual products where the\u2064 price stays the same? Folks are calling it Shrinkflation and it means \u2062companies are\u2064 giving you less for every dollar you spend. I\u2019m\u2064 calling\u200c on the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-slammed-over-shrinkflation-video-posted-on-super-bowl-sunday\/\" title=\"Biden Slammed Over \u2018Shrinkflation\u2019 Video Posted On Super Bowl Sunday\">big consumer brands<\/a> to put a stop to it.&#8221;<\/p>\n<\/blockquote>\n<p>Director of the George Washington University School of Media and Public Affairs, Peter Loge, believes that \u200bBiden&#8217;s focus on basic grocery store staples \u200dand \u2064the changes people experience while\u2062 shopping could be more effective in addressing voter frustrations\u200c than simply highlighting positive macroeconomic trends. Loge suggests that Biden is trying to show voters that\u200b he understands their concerns and wants to call \u200bout companies\u2063 taking advantage of them.<\/p>\n<blockquote>\n<p>&#8220;The economy is getting better, but people don\u2019t experience the economy. \u2063They buy groceries. I think what the president is trying to do is to tell voters, \u2018You know, \u200bI\u2019m with you on this. I know how this feels, and I can\u2019t change the law, but maybe together, we can call out these companies for trying to \u200btake advantage \u2064of you.'&#8221;<\/p>\n<\/blockquote>\n<p>Biden&#8217;s messaging on shrinkflation aligns with the Left&#8217;s argument that inflation is caused by corporate greed rather than government spending. \u2062Senators Elizabeth Warren and Bernie\u2062 Sanders have also accused companies of raising prices\u2063 to\u2064 increase profits. Warren even released her own video discussing shrinkflation in popular products like Doritos, Oreos, and toilet paper.<\/p>\n<p>However, Republicans and those on\u2062 the Right dismiss Biden&#8217;s \u2064attacks on shrinkflation, attributing the higher prices to excessive government spending and Federal Reserve \u200bmonetary policy during the pandemic. Ryan Young, senior economist at the Competitive Enterprise Institute, argues that politicians should <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-democrats-rake-in-donor-cash-in-uphill-battle-to-hold-majority\/\" title=\"House Democrats Rake in Donor Cash in Uphill Battle to Hold Majority\">face public scrutiny<\/a> for the inflation rather than blaming corporate greed.<\/p>\n<p>Shrinkflation is a \u2062factor in inflation statistics, such as \u2064the consumer\u2064 price index. To address shrinkflation, Young suggests that\u2063 the Biden administration needs to control inflation by reducing spending and that the Federal Reserve should\u200c exercise restraint during economic downturns.<\/p>\n<p>Biden himself mentioned shrinkflation during an event in Las Vegas, pointing out that Snickers bars have shrunk in size by about 10% while the price remains the same. The\u2064 Washington Examiner reached out to Mars, Inc., the maker of Snickers,\u200b for comment but did \u200bnot receive \u200ba response.<\/p>\n<p>During a news briefing, White\u200d House press secretary Karine Jean-Pierre was asked about Biden&#8217;s messaging \u2064on shrinkflation and whether\u2062 the president takes any responsibility for high inflation. Jean-Pierre acknowledged that prices are still a concern for Americans but highlighted that prices for certain items like eggs, milk, and seafood have actually decreased compared to a year\u200b ago. She emphasized Biden&#8217;s call for\u2064 corporations to\u2063 pass their savings on to hard-working Americans.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.washingtonexaminer.com\/news\/biden-shrinkflation-inflation-corporate-greed\">The\u2064 Washington Examiner<\/a><\/p>\n<p> <\/p>\n<h2> How\u2062 has \u2063inflation affected \u200bconsumer \u2063prices in recent months, and what industries \u200bhave been particularly impacted?<\/h2>\n<p><span>  Lation comes at\u2063 a time when consumer \u200bprices are rising at the fastest pace in over a decade. Inflation \u200cincreased by 5.4% in June 2021\u200b compared to the previous year, with prices for \u200dused cars, gasoline, and food leading the surge. The President&#8217;s focus on shrinkflation shows \u2062his awareness\u200b of the impact rising prices have\u200d on everyday Americans.<\/p>\n<p>Shrinkflation\u200b is not a new phenomenon. It has been a \u2063strategy employed by\u2064 companies for years as a way to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fast-food-menus-suffer-from-shrinkflation\/\" title=\"Fast-Food Menus Suffer From Shrinkflation\">maintain profit margins<\/a> while keeping\u2064 prices seemingly stable. By \u2063reducing\u2062 the size or quantity of a product while keeping the price \u200cthe same, companies can offset increasing\u200c production costs or \u2062other \u2064economic pressures.<\/p>\n<p>Critics argue that shrinkflation is a \u200dform of deception,\u2064 as it\u200d effectively results in hidden price \u200cincreases for consumers. For example,\u200b a bag of chips that\u200d used to contain 10 \u2062ounces may now only \u2064have 9 ounces, yet the price remains unchanged.\u2062 This \u200dpractice undermines the purchasing power of \u2064consumers,\u200c as \u200dthey are unknowingly paying more for less.<\/p>\n<p>President Biden&#8217;s call on big consumer\u200d brands to put a stop \u200dto shrinkflation is a clear message\u200b that he \u2062stands with the American people against unfair business\u200d practices. By addressing this issue, Biden aims to\u200d restore consumer\u2062 confidence\u200c and hold companies accountable for their actions.<\/p>\n<p>However, it is\u2064 important\u2064 to note that while Biden can advocate for change, he cannot directly \u200dlegislate against shrinkflation. The power to regulate business practices lies with Congress and other \u2063regulatory bodies. Nevertheless, by bringing attention to the issue, Biden is using the power of the presidency to amplify the voices \u2064of frustrated consumers.<\/p>\n<p>The impact of Biden&#8217;s \u200cstance on shrinkflation remains to be seen. Consumer advocacy groups have\u200c long been critical of\u200b shrinkflation, but it\u2064 is yet to\u2063 gain significant attention in the political arena. By initiating this conversation, Biden is signaling his pro-consumer approach and highlighting his commitment to addressing the \u2064economic concerns \u2063of\u2062 everyday Americans.<\/p>\n<p>In conclusion,\u2064 President Biden&#8217;s focus on shrinkflation \u2063is a strategic move to address \u200brising\u2064 prices and \u200ddemonstrate his understanding\u2063 of voter frustrations. By calling on\u2064 big consumer brands to stop this practice,\u2062 Biden aims to empower consumers and ensure \u200btransparency in pricing. While the President&#8217;s messaging on\u2064 shrinkflation may not result in immediate\u2063 legislative changes, it sends a strong signal\u2063 that he is willing to tackle issues that directly impact the lives of American citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden coined the term &#8220;shrinkflation&#8221; to deflect blame onto businesses for rising prices and counter Republican attacks on his economic policies. In a video ad, Biden condemned this practice, a combination of shrinking products and inflation. He emphasized his opposition to it, highlighting its negative impact on consumers<\/p>\n","protected":false},"author":2683,"featured_media":2174793,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/joe-biden-mask-mandate.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2174792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2023\/11\/joe-biden-mask-mandate.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2174792","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\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2174792"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2174792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2174793"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2174792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2174792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2174792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}