Facing sinking poll numbers, Biden gave a speech this week slamming corporate price gouging

and attempting to posture as the defender of the quote-unquote American consumer.

We'll take a look at the amazing hypocrisy in his comments.

We need a new system.

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We need to demand that which may have sounded impossible even a few weeks ago,

but is not only realizable, but an imperative necessity. We are very excited to have Professor Richard Wolfe join us for a regular weekly segment where we discuss the biggest stories relating to the economy, the state of the working class, and the crimes of big business.

I'm Walter Smolerick, filling in for Brian Becker.

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Richard Wolfe is the co-founder of the organization Democracy at Work and the author of many books,

the latest being The Sickness is the System when Capital capitalism fails to save us from pandemics or itself.

You can check out all of his work at rd.wulf.com.

Professor Wolfe, I want to just read to you a couple quotes from a speech Biden gave on Monday.

President Biden said that this is an event about supply chains.

This is part of the White House supply chain initiative.

So he said, any corporation that has not brought their prices back down, even as inflation has come down, even as the supply chains have been rebuilt, it's time to stop the price gouging.

Give the American consumer a break.

Well, Professor Wol Wolf, I mean,

obviously Joe Biden is concerned about his reelection prospects, his sinking poll numbers, doing something to, you know, boost his popularity, posture as this defender of the common man.

But this is, it's really outrageous that he would posture this way, considering his actual

record. I mean,, considering his actual record.

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