Tag: Shrinkflation

Reporter Tom Pappert Analyzes Democrat Senator Bob Casey’s Attempt to Blame ‘Greedflation’ for Record High Prices

Kaitlin Housler
Bob Casey

Tom Pappert, reporter at The Pennsylvania Daily Star, said Pennsylvania Democratic Senator Bob Casey’s (D-PA) speech at the Democratic National Convention last week about “greedflation” is an attempt by the lawmaker to “parrot” a “socialist talking point” in an effort to prop up both his and Vice President Kamala Harris’ economic policies leading up to the election.

During his speech at the convention last week, Casey said, “Prices are up because these corporations are scheming to drive them up.”

Read the full story

Layoffs Continue Nationwide as Economic Concerns Rise

The Center Square
Fired by email

As the economy worsens, multiple industries continue to shed jobs.

U.S.-based companies laid off 82,307 employees in January, a 136 percent increase from the previous month, according to a report by the business and coaching firm, Challenger, Gray & Christmas, Inc. The Wall Street Journal reported companies are still cutting white-collar jobs in an attempt “to do more with less.”

Read the full story

Former CEO: High Interest Rates ‘Killing’ Companies as Layoffs Continue

The Center Square
Bob Nardelli

President Joe Biden is blaming corporations for high prices and “shrinkflation.” Business executives and many economists disagree, arguing the real problem is inflation created by federal deficit spending policies.

Ahead of the Super Bowl, Biden posted a video on X saying, “While you were Super Bowl shopping, did you notice smaller-than-usual products where the price stays the same? Folks are calling it Shrinkflation and it means companies are giving you less for every dollar you spend. I’m calling on the big consumer brands to put a stop to it.”

Read the full story

Joe Biden Mocked Mercilessly for Mumbling, Bumbling ‘Shrinkflation’ Video Released on Super Bowl Sunday

Tom Pappert

President Joe Biden was mocked by conservatives on Sunday for a video he released ahead of the Super Bowl which derided “shrinkflation,” when manufacturers lower the size or quantity of items included for a given price without informing the consumer as a result of inflation, with pundits uniformly reminding the embattled president that his inflationary policies preceded the shrinkflation.

In the video, posted to the official government account for Biden on X, the platform formerly known as Twitter, the president appears to be sitting in the White House movie theater while various shots reveal he is surrounded by packages of junk food. Looking into the camera, Biden remarked, “if you’re like me you like to be surrounded by a snack or two while watching the big game.”

Read the full story