Sometimes being old has it’s advantages…..
This is a America President serving in a economy that bean counters say is Good….
But?
The Average American is suffering thru sky HIGH consumer prices and rising interest rate hikes….
Yes Mr. President….
Go after the BIG GUYS that ain’t following the Fed and are STILL going DEEPER into our pay checks….
You’ve been there Joe (2008/2009 Recession)….
Republican’s = Big Business….
They ARE the enemy….
Ole Joe seems itctching for the fight….
(WHAT?….The old guy carrying the water for American consumers!)
Add this to other Democratic ’causes’ like abortion, voting, racism and the President seems on his way to the 2024 Presidential election to keep his job for another 4 years….
A populist undercurrent running through President Biden’s State of the Union address and churned up by turbulent conditions in the global economy is resonating with Americans.
It’s the feeling that people are “getting ripped off,” as Biden put it, by an economy that isn’t “fair” – a word that appeared in Biden’s prepared remarks nine different times.
From pesky fees charged by big retail banks to deep, structural imbalances in the U.S. tax system that favor wealthy people and large corporations, Biden’s speech hit on a perennial frustration in American economic life: how the deck feels stacked by big companies and institutions against ordinary taxpayers and consumers.
“If we – the poorer people, the middle class – pay tax, the big companies are supposed to do the same. This is right. So I think the President [said] something that is true. We need more tax to be paid by the big companies and then that money can go back to the poorer people to help people,” Jean-Michel Dossous, a New York City cab driver who watched the State of the Union on his phone, told The Hill.
Returning to the notion of economic fairness again and again, Biden touted numerous initiatives to bring down prices after a year of high inflation that has harassed American pocketbooks and that fiscal authorities, like Congress and the president, have limited powers to fight.
“Big Pharma has been unfairly charging people hundreds of dollars [for insulin] – and making record profits,” Biden said during his speech on Tuesday, praising the $35 insulin price cap for seniors who use Medicare that was passed as part of Democrats’ Inflation Reduction Act last year. Price caps have only been used minimally so far in the government’s battle against high prices, which is mostly the responsibility of the Federal Reserve.
He also touted his administration’s effort to fight so-called “junk fees,” expensive penalties charged by banks, financial firms and other businesses for reasons such as late payments, insufficient funds or an attempt to cancel a service.
“I know how unfair it feels when a company overcharges you and gets away with it,” he said about the overdraft fees charged by banks, a commercial practice he called on Congress to curtail with new legislation…
Note…
Republicans continually blame Biden , the Democratic, for a bad economy….
The President IS trying to turn this around on its head…..
image…Vogue