President Biden has published a new video in which he denounces corporations for inflationary contraction, which consists of charging more for less product.
The president said:
It’s Super Bowl Sunday. And if you’re like me, you like to be surrounded by a snack or two while watching the big game.
You know, when buying snacks for the game, you may have noticed one thing: the sports drink bottles are smaller, the bag of chips has fewer chips, but they still charge you the same. And as an ice cream lover, what pisses me off the most is that cartons of ice cream have actually shrunk in size, but not in price.
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I’ve had enough of what they call inflationary contraction. Is a gotcha. Some companies are trying to act quickly by reducing products little by little and hoping you won’t notice. Give me a break.
The American public is tired of being taken for fools. I call on businesses to put an end to this. Let’s make sure companies do the right thing now.
While you were shopping for the Super Bowl, did you notice products that were smaller than usual and still priced the same?
People call it Shrinkflation and it means that companies give you less for every dollar you spend.
I call on big consumer brands to put an end to this. pic.twitter.com/wL1NsEh78F
— President Biden (@POTUS) February 11, 2024
It’s refreshing to have a president who takes on corporate America instead of plotting his next big tax cut and giveaways to corporations. Corporations are making huge profits by reducing the amount consumers receive in a package while keeping the price the same.
Inflation has fallen, so reducing inflation is nothing more than corporate greed, and the President was right that it has to stop.
Americans are not stupid and do not deserve to be scammed by American companies.
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Jason is the editor-in-chief. He is also a member of the White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
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