The White Home introduced that President Biden can be launching a strike drive to go after firms that illegally hike costs on pharmaceuticals, meals, housing and groceries.
The White Home mentioned in a reality sheet:
President Biden will launch a brand new Strike Pressure to crack down on unfair and unlawful pricing. President Biden is dedicated to creating certain firms are held accountable after they attempt to rip off Individuals, together with after they break the legislation whereas maintaining costs excessive.
To that finish, the President is establishing a brand new Strike Pressure on Unfair and Unlawful Pricing co-chaired by the Division of Justice (DOJ) and the Federal Commerce Fee (FTC). This Strike Pressure will strengthen interagency efforts to root out and cease unlawful company habits that hikes costs on American households via anti-competitive, unfair, misleading, or fraudulent enterprise practices. DOJ and FTC, together with different companies on the Strike Pressure, will focus their collaborative efforts on key sectors the place firms could also be violating the legislation and maintaining costs excessive, together with pharmaceuticals and well being care, meals and grocery, housing, monetary providers, and extra.
The pandemic is over, however firms proceed to maintain costs excessive and reap report income. Biden has referred to as on firms to finish this habits. They refused to pay attention, so now he’s going to amp up legal enforcement.
The most recent White Home motion is an instance of why who the president is issues.
A Republican president wouldn’t tackle company greed, however when he was president, Donald Trump inspired it. Presidents have the facility to assist individuals in massive and small methods, and the way they select to make use of or not use that energy can influence hundreds of thousands of lives.
Folks mustn’t lump Biden and Trump collectively.
They don’t seem to be the identical.
Biden is whether or not you agree with him or not, making an attempt to work for the American individuals. Trump views the presidency as a automobile for himself.
It was a key distinction between the candidates in 2020, and it stays much more stark in 2024.
