Joe Biden’s angry old man speech before Congress last week lashed out at everyone and anything the president didn’t like. The old grump attacked his political opponents, voters, and some of the sweetest things on the planet.
Biden acted more like the angry old guy yelling at kids to get off his lawn. He even directly attacked an iconic company that provides treats to children and those young at heart.
During his State of the Union address, Biden accused companies of reducing portions in their products to take advantage of consumers. He even targeted the famous candy bar, Snickers, made by Mars Inc.
From Blaze Media:
“Look, too many corporations raise prices to pad their profits, charging more and more for less and less. That’s why we’re cracking down on corporations that engage in price-gouging and deceptive pricing, from food to health care to housing,” Biden said. “In fact, the snack companies think you won’t notice if they change the size of the bag and put a hell of a lot fewer — same size bag — put fewer chips in it. No, I’m not joking. It’s called shrinkflation.”
It was no joke as Biden attacked Snickers specifically, mentioning TV commercials about the candy bar. He said people get charged the same amount and get, “I don’t know, 10% fewer Snickers in it.”
That wild claim forced a quick rebuttal by Mars Inc, the candy maker that produces the Snickers bar.
“We have not reduced the size of Snickers singles or share size in the U.S.,” a Mars statement read. “Like many industries, we continue to face high inflation and spikes in material costs; however, we work to absorb these extra costs wherever possible to provide affordable treats and the best value. Final prices are always at the discretion of the retailer, but we make every effort to minimize costs to provide a full range of delicious products.”
Biden’s speech was all about his latest blame-game. He doesn’t take responsibility for any negative consequences of his policies and continues to blame others for the problems the country is facing.
His narrative is designed to take away the focus on inflation which he claims is under control thanks to his economic prowess. In reality his claims are nothing more than the failed shell game that is Bidenomics.
Biden’s claims of economic success fell apart Tuesday following a Bureau of Labor Statistics (BLS) report showing that inflation is not improving. The BLS announced that inflation actually rose .4% in February and 3.2% over the last 12 months.
The bad inflation news was capped off by the rise in core inflation which measures inflation minus food and energy costs. This key indicator, monitored closely by the Federal Reserve (or Fed), rose 3.8% over the last year. The Fed has struggled to lower core inflation to its target of 2%.
Looking at either inflation metric reveals the priority metric that could hurt Biden more than anything in the fall 2024 presidential election. Inflation is still squeezing the pocketbooks of Americans who must pay higher prices for goods and services they need to survive.
Key Takeaways:
- Biden attacked a candy maker and the sweets company hit back against the grump.
- The president claimed manufacturers were using “shrinkflation” to rip off consumers.
- Mars Inc. said the president’s claim about its Snickers bar was completely bogus.
Source: Blaze Media
