Slow Joe made MANY comments last night that illustrate how out of touch they are with how pricing works. He wants to claim companies are gouging, which is how they managed a profit.
Simultaneously, he ignores the crappy energy policy that has seen diesel prices go to over four bucks in most places. Then he wants to increase minimum wage at the federal level.
He and his handlers fail to recognize that rising wages mean the cost of raw goods go up since, after all, THOSE costs of production increased. Then, once produced, they have to be shipped by companies that have higher fuel costs AND wage costs, where they are received by companies that now ALSO have higher overhead. And they refuse to understand the trickle-up impact on pricing.
Of course, as we watch places like Target tout the wage increases for employees, lost in the chaff is that fewer employees will likely be used for registers as they move towards more self checkout and fewer employees will get the hours needed to qualify for healthcare on the company dime...
And, while the effort to move jobs BACK to the USA for manufacturing is laudable, it costs a lot more in some areas of production precisely because $15 or more per hour is a lot more than a few sheckels a day in some foreign land...
I don't believe Biden is stupid. I believe he is a ruthless politician who is mining for votes. He gas-lighting the idea that people need to be bailed-out by the Feds and those who dissent are racists. That is all he is. That is all Liberals are. That is why they need to be voted out.
And don't forget the national debt. That is a non-entity as far as the Left goes. Maybe it's the same on the right. But there is nothing being said except some genius in New York pushing the Modern Monetary Theory meaning the national debt is no longer real; it's just some sort of esoteric thing that only racists care about.