Dem Rep Goes On Quest To Dunk On Trump, Winds Up On Sesame Street
'Stop investigating Cookie Monster'
After years of skyrocketing prices under his watch, President Biden is launching a new “shrinkflation” task force to crack down on the “unfair and illegal pricing” of goods.
Not only is Glenn Beck well aware that it’s actually Biden’s economic policies that are to blame, he finds the task force “a little terrifying.”
Former investment banker Carol Roth agrees, noting that what the Biden administration deems “unfair and illegal” may not be in line with the words' actual definitions.
“Illegal is one thing, and there’s a certain definition, at least today. Who knows what that could be expanded to. But unfair is obviously anything that they don’t happen to like or agree with or is against their policy,” Roth explains.
Not only is the wording an issue, but price controls historically don’t work.
“One of the things that we know in economics, just across the board, is that price controls don’t work,” Roth tells Glenn. “That’s something that creates rationing, creates good shortages.”
“Even Paul Krugman, who gets every single wrong, the one thing he has ever gotten right is he is against rent control,” she adds.
If the task force makes good on its promises, the government would be able to step in and penalize people who are making a profit.
“That is a recipe for disaster,” Roth says, adding, “and is obviously, completely the opposite of free market capitalism.”
“When the government tells companies what to do, it’s a move that fascists make,” Glenn says. “I’m concerned about this.”
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A post on the X account for the widely-beloved "Sesame Street" character Cookie Monster drew responses from the White House and several Democratic lawmakers. The post lamented shrinkflation, the term used to refer to businesses shrinking the size of their products without decreasing the price.
"Me hate shrinkflation! Me cookies are getting smaller," the Cookie Monster post declared. "Guess me going to have to eat double da cookies!" another post added.
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President Joe Biden has previously called for companies to stop engaging in shrinkflation, describing the practice as a "rip off."
The White House X account responded to the Cookie Monster post by tweeting, "C is for consumers getting ripped off. President Biden is calling on companies to put a stop to shrinkflation."
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"Total corporate jagoff move to rip off Cookie Monster," Democratic Rep. Chris Deluzio of Pennsylvania tweeted.
"We hate it too, Cookie Monster. And it's not just cookies! Greedy corporations are making lots of things smaller without cutting prices. We're working to stop them — no one should be getting richer off smaller cookies!" Democratic Sen. Chris Van Hollen of Maryland declared.
"Me too, Cookie Monster. Big corporations shrink the size of their products without shrinking their prices, all to pay for CEO bonuses. People in my state of Ohio are fed up — they should get all the cookie they pay for," Democratic Sen. Sherrod Brown of Ohio declared.
Democratic Sen. Elizabeth Warren of Massachusetts responded, "@SenBobCasey and I have a bill for that."
This is not the only time the Biden administration has responded to a "Sesame Street" character on X this year. In late January, Biden's @POTUS X account retweeted a post from the Elmo account.
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