Price Gougers!

Bill Whittle Network

News

4.9 • 720 Ratings

🗓️ 13 March 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Economic Genius Joe Biden has figured out the cause of the catastrophic inflation in the US since he took office. Those of us foolish enough to believe it had anything to do with printing an extra Ten Thousand Billion Dollars must hang our heads in shame, because the TRUE culprit is PRICE-GOUGING CORPORATIONS… like those damned price-gouging, fat-cat farmers! Join our crack team of elite anti-elitists by becoming a member or making a one-time donation right here: https://billwhittle.com/register/

Transcript

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0:00.0	Biden says businesses should stop gouging.
0:03.2	Okay, you first.
0:06.2	I'm Scott I with Bill Whittle and Stephen Green in this episode of Right Angles brought to you by the members at Bill Whittle.com.
0:11.7	And gentlemen, I read a column by a Heritage Foundation writer whose name is E.J. Antony, a research fellow at the Heritage Foundation's Grover M. Herman Center for the federal budget.
0:22.6	Ooh, sexy.
0:24.6	And he was talking about how President Biden is constantly harping on grocery stores, for example,
0:32.6	other businesses as well, but grocery stores and is telling them that they need to stop price gouging and that
0:41.6	people can't afford to pay their high prices anymore.
0:46.3	And Steve Green, much like last week when we did an episode on Argentinian President
0:51.6	Javier Malay giving a lecture on economics to the conservative political action conference.
0:58.9	I feel like we're getting another opportunity to do that, and I think we should do this every week from now until they get it.
1:06.5	But Steve, this Antony fellow who works for the Heritage Foundation says, listen, Mr. President, inventory costs rise as the government prints more money devaluing the currency so that dollars don't go as far.
1:25.6	And in fact, if you look at the data over the last three years, things like
1:29.8	bread and lunch meat and dairy products and eggs rose anywhere from 20 to 40 percent in prices,
1:36.7	in price. But prices rose overall about 18 percent for businesses and about 18 percent for consumers, which sounds like the businesses may
1:47.9	simply be passing on their increased cost to consumers, much of that increased cost being
1:53.8	caused by the devaluing of the currency. In other words, things are more expensive for everybody.
2:00.4	Steve, how much lecturing do we need to take from the White House about price-gouging
2:05.1	businesses?
2:06.2	Well, they can shut the hell up over at the White House as far as I can show.
2:10.2	It's nothing but lies, deflection, scaring, scaremongering, straw men, and all the rest.
2:21.3	Look, last I read, and I haven't seen anything over the years to make me think that this has changed at all.
	...

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