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

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.”

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

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.

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