A recent statement released by the makers of Snickers has caused a stir in the political world. In response to President Joe Biden’s State of the Union address, where he mentioned “shrinkflation” and criticized corporations for charging more for less product, Snickers hit back and defended their actions.
According to the statement, Snickers has not reduced the size of its candy bars despite facing high inflation and increasing material costs. The company claims to make every effort to minimize costs and provide affordable treats for consumers. However, it also points out that final prices are determined by retailers.
Many see Snickers’ response as a dodge to Biden’s criticism. The president specifically mentioned that snack companies charge the same price for smaller quantities of products. But Snickers argues that it is not their fault and blames Biden for the current state of inflation in America.
The post highlights three actions that Biden has taken that have contributed to the rise of inflation in the country. These include excessive government spending, reduced energy production, and uncontrolled illegal immigration. The writer argues that these policies have caused a decrease in wages and an increase in the cost of goods and housing.
The author also touches on the term “shrinkflation,” which was coined by Biden’s team to describe the phenomenon of companies offering less product for the same price. However, the writer argues that this term has nothing to do with inflation and is simply a result of Biden’s policies making it difficult for corporations to operate.
As I suspected. The president is literally slandering a candy bar. Official statement given to me by the Mars/Snickers people. Will literally slander anything and anyone. Total hack. pic.twitter.com/6DiJ1Ld6EH
— Scott Jennings (@ScottJenningsKY) March 9, 2024
The post then goes on to point out that while they are not apologists for big business, the reality is that under Biden’s leadership, the cost of goods has skyrocketed. The author gives the example of a dozen eggs, which used to cost 99 cents during Donald Trump’s presidency but now cost over four dollars. The writer suggests that the only other option for companies would be to increase prices, making everyday items unaffordable for the average American.
