Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
  • oxjox@lemmy.mlEnglish
    91·
    9 months ago

    I wouldn’t get your hopes up on substantially lower grocery bills.

    https://www.washingtonpost.com/business/2024/02/02/grocery-price-inflation-biden/

    But there is no immediate fix for policymakers. Grocery prices remain elevated due to a mixture of labor shortages tied to the pandemic, ongoing supply chain disruptions, droughts, avian flu and other factors far beyond the administration’s control. Robust consumer demand has also fueled a shift to more expensive groceries, and consolidation in the industry gives large chains the ability to keep prices high, economic policy experts say.

    “I think people are waiting for prices to return to what they call ‘normal’ — and with the exception of a few things, like eggs — we’re not going to see that. We’re going to see prices stabilize, and that’s likely it,” said Dawn Thilmany, an agricultural economist and professor at Colorado State University.

    • the_q@lemmy.world
      166·
      9 months ago

      Oh what a bunch of bullshit. They’re gonna blame COVID for everything for the rest of time instead of corporate greed because the same fucking corporations have bought and paid for our entire government.

      • rdyoung@lemmy.world
        44·
        9 months ago

        That’s not what that says at all.

        What it says is that people are feeling more flush with cash and are opting for higher end brands of food over the store brands or nicer cuts of steak or going out to a nicer restaurant instead of just hitting up McDonald’s or shoneys. This is proof that the economy is doing well.