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Even as Biden secures long-awaited progress on his legislative agenda, the White House is weighing action to confront other problems. They are considering whether to escalate an attack on parts of corporate America over rising consumer prices, according to an administration official and three people with knowledge of the discussions who spoke on the condition of anonymity to reflect private meetings.

Several outside advisers have pitched senior White House officials including White House Chief of Staff Ron Klain and White House National Economic Council Director Brian Deese on an offensive in which the administration would amplify criticisms of large firms in heavily concentrated industries for passing higher prices on to consumers as they benefit from high profits, the people familiar with the matter said. The effort would be aimed at both directing voters' attention to companies over inflation as well as giving companies a reason to think twice before raising prices. But the push could backfire, should it antagonize many of the firms it is highly dependent on to resolve supply chain pressures ahead of the holiday season.

The White House took a step in this direction earlier this week, with Biden urging the Federal Trade Commission to escalate its investigation of anti-competitive behavior in the oil and gas industry, which the president alleged was leading to higher prices for drivers at the pump. Administration officials have discussed launching similar measures, with aides discussing calling attention to consolidation in the grocery sector as food prices rise, two people familiar with the matter said.

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$30,000 Millionaire said:

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Has everyone read Atlas Shrugged?

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NRD09 said:

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I don't know man. America's titans of industry aren't gonna hang it up and go play commune somewhere, that's just not how they're wired, and even if the current administration had a genie grant their every wish we'd still be have lower taxes and regulation than the eurozone and Australia, and we will always be more stable than the developing world.

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BREwmaster said:

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NRD09 said:

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I don't know man. America's titans of industry aren't gonna hang it up and go play commune somewhere, that's just not how they're wired, and even if the current administration had a genie grant their every wish we'd still be have lower taxes and regulation than the eurozone and Australia, and we will always be more stable than the developing world.

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Yep, and I keep seeing (from good sources) that the GOP may pick up 50+ house seats and at least a few senate seats.

Also, not that MSM even covers it, but nothing Biden is trying to do lately is passing. The courts are smacking everything down (from vaxx mandates to oil production). and Durham has been quietly indicting and working his way up the Clinton tree.

and imagine the heads that would explode if Trump were speaker in 2022. LOL

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$30,000 Millionaire said:

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It's hard for the GOP to win. You're competing against "free" and taking away from successful people.

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Maximus_Meridius said:

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McInnis 03 said:

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Scuttlebutt is Fed chair announcement today by Biden.....

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Who do we think the market would prefer?

I'm on vacation this week so I'm not playing anything, just curious.

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McInnis 03 said:

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Gold is freaking cratering.

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