“Shrinkflation” is the word du jour for the Biden administration, which is readying for the president to discuss the economy in his annual State of the Union address.
Shrinkflation, a portmanteau of “shrink” and “inflation,” has become a popular term for corporate greed among the more liberal lawmakers in the Democratic Party. They contend that corporations are cheating consumers by giving them less product for the same price — shrinkflation.
But the Biden administration only just recently began to echo those same sentiments. The pushing of the shrinkflation line ahead of the State of the Union could be seen as a way to deflect blame for the inflation of the past few years onto corporations rather than on economic policies implemented by President Joe Biden and congressional Democrats.
Still, Republicans have dismissed Biden’s attacks
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