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Joe Biden Says Prices Are Too High So Companies Should Just Lower Them

via CBS

President Biden is urging companies to lower prices due to an 18% increase in consumer costs since he took office.

Biden seems to be oblivious to the fact that companies don’t simply reduce prices because of political pressures.

Biden’s call comes amid high inflation, and while some goods may see price declines, overall deflation is rare in US economic history. (Trending: Another Major Company Goes Woke And Goes Broke)

“We know that prices are still too high for too many things — that times are still too tough for too many families,” Biden said.

“We’ve made progress, but we have more work to do,” Biden added.

“Let me be clear to any corporation has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”

The request follows previous attempts to pressure oil companies to lower gas prices.

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