Biden Targets 'Shrinkflation' in Super Bowl Message, Calls Practice a 'Rip-off'
President Joe Biden's call to end 'shrinkflation' draws mixed reactions, with critics blaming his economic policies for the issue.
- President Joe Biden has called on companies to end the practice of 'shrinkflation,' where product sizes are reduced while prices remain the same.
- Biden's call for action against shrinkflation was made in a video message posted before the Super Bowl, highlighting the issue as a 'rip-off' and expressing that the American public is tired of being played for suckers.
- Critics, including Republican politicians and conservative commentators, have blamed Biden's economic policies for the problem, suggesting that 'Bidenomics' is the real issue behind shrinkflation.
- A report by Senator Bob Casey in December attributed 41% of inflation's cost increases to corporate profit-making, suggesting that some price hikes could have been avoided.
- Despite criticism, Biden's administration has struggled to convince voters of economic improvement, with concerns about grocery prices and the overall cost of living remaining high.