A grocery store owner called out President Joe Biden and his administration for accusing businesses of price gouging.
Rob LaBonne, whose X profile describes him as “Owner/operator of supermarkets & self storage,” ripped into the president after a post on X laying out plans to “tackle” high prices at grocery stores.
“Grocery costs are too high for families across the country,” the president’s official X account posted. “We have a plan to tackle them.”
Those plans included “partnering with 31 state Attorneys General to take on price gouging” as well as “calling on grocery chains to lower costs.”
“This is a joke. Grocery stores are not price gouging,” LaBonne fired back in response.
This is a joke. Grocery stores are not price gouging.
We have fixed margins that change when our cost of goods change. Failing to react to cost increases puts you out of business.
Once cost of goods is paid we still have to pay staff, utilities, insurance, etc which are all up… https://t.co/aqUlv8WKzP
— Rob LaBonne (@roblabonne) July 3, 2024
“We have fixed margins that change when our cost of goods change. Failing to react to cost increases puts you out of business,” the business owner wrote.
“Once cost of goods is paid we still have to pay staff, utilities, insurance, etc which are all up thanks to Biden’s policies,” he pointed out.
Biden has repeatedly blamed everyone but himself for the effects of his disastrous policies on the U.S. economy. LaBonne set the record straight and inspired heated discussions and some appreciative reactions online.
It’s not just lack of information that keeps lefties from understanding. It is a devotion to militant ignorance.
— Theophrastus (@Onoldolympus) July 4, 2024
Gotta sell a narrative.
Next debate: “we beat grocery stores”
— SHELTON (@buildnbluegrass) July 3, 2024
Grocery stores have the lowest profit in all of industry: only about 3.5% The High prices come from shipping (gas: Joe’s fault) Wholesalers wages (Joe’s fault) Heavy regulation of farmer’s (Joe’s fault) and increased costs of importing. Joe thinks grocery stores are just…
— PointBreak0191 (@PGard0191) July 5, 2024
Most members of the government, both elected and appointed, have absolutely no idea what is involved in running a business.
— Rock 3/6 (@horsepirate007) July 5, 2024
Almost like they WANT Gubbamint starting their own stores ♂️
— Tom Buckley (@BullheadRanch) July 4, 2024
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Frieda@bizpacreview.com
Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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