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Belle of the Ranch

Let's talk about your grocery bill and the Democratic party....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 15 May 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Let's talk about your grocery bill and the Democratic party....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, internet people, let's bea again. So today we are going to talk about the Federal Trade Commission, the Democratic Party, and your grocery bill

0:16.7

because some Democratic lawmakers are trying to lower it.

0:28.3

Okay, so the FTC recently released a report and that report said that some of the major grocery store chains? Well it kind of looked like maybe they took

0:38.1

advantage of the pandemic and the supply chain disruptions to the Now some lawmakers in the Democratic Party they introduced legislation about

0:58.0

this I think Warren has one but they're stalled you, it's stuck in Congress.

1:04.0

So they are reaching out to Biden

1:08.0

and they are asking Biden to kind of real in the grocery stores.

1:15.0

Now, they provided a menu of options,

1:19.0

menu of things that Biden can do to maybe help alleviate the issue and encourage any

1:30.0

grocery store that is engaging in, let's just say, less than competitive activities

1:38.3

to stop.

1:39.7

The interesting part about the menu is that well it kind of all looks like it already

1:46.5

exists in law so it would be executive action wouldn't have to go through Congress

1:52.3

because Congress already approved it.

1:55.7

It's just underused laws, I guess would be the way to describe it.

2:01.8

And there's a number of things. Some of them are long term, but a few of them might

2:10.0

actually reduce your grocery bill pretty quickly. Now at this point in time

2:16.4

we know that the letter is going out and they're asking for Biden to do this.

2:23.4

We have no idea what the White House's position is on it yet.

2:28.0

But it's a, I mean, it's a pretty lengthy list of things that he can do. I mean there are a few options there and my

2:35.0

guess is the White House has more options as well. This is this is something to watch. Given the concerns about inflation, this is probably a move that Biden will want to get behind.

2:56.0

Because if he can demonstrate that some of the inflation is,

...

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