Credit card late fees being capped at $8 as part of the Biden administration’s crackdown on what they refer to as “junk fees” is definitely a step in the right direction. Many people, especially those who are struggling financially, often find themselves caught in a vicious cycle of debt due to exorbitant late fees charged by credit card companies. These fees, which can sometimes be as high as $25 or $30, only serve to deepen the financial burden on those who are already facing challenges in managing their finances.
It is heartening to see the government taking action to protect consumers from these unfair practices.… Continue reading
As someone who has felt the pinch of rising prices, the news of Biden forming a ‘strike force’ to tackle price-gouging is a welcome relief. The fact that gas companies were raking in record profits while consumers were paying through the nose for fuel is simply unacceptable. It’s time someone stepped in to address these disparities and hold companies accountable for their actions.
One key point that resonates with me is the suggestion to check corporate profit margins and prioritize those companies that have seen significant increases without any tangible improvements in their products or processes. This targeted approach could help rein in those who are taking advantage of consumers and engaging in unethical practices to boost their bottom line.… Continue reading
Biden Calls on Snack Companies to Stop Shrinkflation Ahead of Super Bowl
The issue of shrinkflation has been a point of concern for many consumers, and President Biden’s recent call on snack companies to address this problem is a step in the right direction. As a consumer myself, I have noticed the significant increase in prices for everyday snack items like chips and candies, while the quantity inside the packages has decreased significantly.
It is frustrating to see the price of a bag of Doritos, for example, double in just a few years. Back in 2005, a big bag of Lays BBQ and a Sour Cream & Onion one could be purchased together for just $3.… Continue reading
Just Say It, Democrats: Biden Has Been a Great President — His achievements have been nothing short of historic.
When Joe Biden won the Democratic primary in 2020, I have to admit that I had my reservations. Like many others, my primary goal was to ensure that we didn’t have another four years of the orange stain that was Donald Trump. But as Biden’s presidency has unfolded, I have been pleasantly surprised and can confidently say that he has been a great president.
One of Biden’s most significant achievements has been his handling of the COVID-19 pandemic. The efficient rollout of vaccines has undoubtedly saved millions of American lives.… Continue reading
Republicans Admit in Private That They Killed a Good Deal
As an observer of American politics, it both frustrates and disappoints me to see the shortcomings of our elected representatives. Democratic Senator Michael Bennet recently revealed that his Republican colleagues privately confessed that the immigration deal they rejected was the toughest one they would ever get. This admission speaks volumes about their true intentions and their commitment to public service.
One would think that those who enter politics do so with the intention of serving the public and making positive changes. However, it seems that some Republicans are more interested in following the bidding of former President Trump and maintaining their loyalty to him than in legislating effectively.… Continue reading
Biden Takes Aim at Grocery Chains Over Food Prices
Food prices have been skyrocketing in recent years, causing significant financial strain on American families. And now, President Biden is turning his attention towards grocery chains, aiming to address this pressing issue. The rising prices have hit low-income families the hardest, especially those who don’t qualify for government assistance programs like SNAP. These families are paying an astonishing 25% more for groceries, which is simply unsustainable.
A new analysis from the White House Council of Economic Advisers suggests that large grocery retailers have been increasing their profit margins, contributing to the persistently high prices.… Continue reading
Biden says he’s decided on response to Iran over deadly drone attack. The U.S. response will involve multiple deliberate strikes on facilities that enabled the attacks on U.S. forces. It’s both concerning and amusing to see Iran-backed groups claiming they will suspend attacks on U.S. forces as if it’s a generous act. In reality, they know they messed up and are trying to distance themselves now.
The response needs to be impactful to curtail Iran’s behavior, and there are three key targets: Shahed drone production facilities/storage, Iranian drone earth terminals, and Iranian oil production facilities. By striking these targets, the U.S.… Continue reading
One of the most heated issues of financial discourse in our society today surrounds the ubiquitous and controversial bank overdraft fees. President Joe Biden has recently thrown his hat into the ring, boldly declaring these fees as not a service, but a form of exploitation. I am one with him in this sentiment. For too long, these seemingly innocuous fees have been bleeding consumers dry, especially those who are financially struggling. It indeed felt like a breath of fresh air knowing that someone in power is actively working to slash these fees.
Consider this familiar scenario: You find yourself in a tight spot one month and dip into the negatives, only to discover that on top of an already stressful financial situation, you’ve been charged an additional $30-50 by the bank.… Continue reading
John Q. Hosedrinker 
Matt Underwood