President Biden has launched a brand new video by which he calls out companies for shrinkflation, which is charging extra for much less product.
The President stated:
It’s Tremendous Bowl Sunday. And for those who’re something like me, you wish to be surrounded by a snack or two whereas watching the large recreation.
You already know, when shopping for snacks for the sport, you might need seen one factor: sports activities drinks bottles are smaller, bag of chips has fewer chips, however they’re nonetheless charging ya simply as a lot. And as an ice cream lover, what makes me probably the most offended is that ice cream cartons have really shrunk in dimension, however not in worth.
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I’ve had sufficient of what they name shrinkflation. It’s a rip off. Some corporations try to drag a quick one by shrinking the merchandise little by little and hoping you received’t discover. Give me a break.
The American public is bored with being performed for suckers. I’m calling on corporations to place a cease to this. Let’s be sure that companies do the precise factor now.
When you have been Tremendous Bowl procuring, did you discover smaller-than-usual merchandise the place the value stays the identical?
Of us are calling it Shrinkflation and it means corporations are providing you with much less for each greenback you spend.
Iâm calling on the large shopper manufacturers to place a cease to it. pic.twitter.com/wL1NsEh78F
â President Biden (@POTUS) February 11, 2024
It’s refreshing to have a president who will tackle company America as an alternative of plotting his subsequent massive tax lower and giveaway to companies. Firms are cashing in massive by reducing the quantity shoppers are given in a package deal whereas conserving the value the identical.
Inflation has fallen, so shrinkflation is nothing greater than company greed, and the President was proper it has to cease.
People aren’t fools and so they don’t need to be ripped off by company America.
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Jason is the managing editor. He’s additionally a White Home Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelorâs Diploma in Political Science. His graduate work centered on public coverage, with a specialization in social reform actions.
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