Robert ReichJun 19, 2024

The DOT regulated junk fees. Airlines are suing.

The CFPB capped credit card fees. Banks are suing.

Medicare is negotiating drug prices. Pharma is suing.

The FTC banned noncompetes. Business groups are suing.

Corporate America can't stand government working for the people.

Show threadferricoxideJun 19, 2024
@rbreich

Hey! They worked hard and spent a ton of money to not have to deal with market forces. Too much to let the government just waltz in and try to hit reset.

/s
Show threadNazani
@ferricoxide @rbreich They'll find that people who can barely afford housing & medical care aren't great consumers.
Jun 19, 2024 at 11:45pmWeb
Show threadferricoxideJun 20, 2024
@Nazani @rbreich

Look at new cars: people making less than six figures aren't who companies are trying to sell to any more.
Show threadNazaniJun 20, 2024
@ferricoxide @rbreich
Then unless they build mass transit we proles aren't getting to work.
Show threadferricoxideJun 20, 2024
@Nazani @rbreich

That's why they love offshoring and automating away jobs.