Washington Post editorial board pans Biden's message on inflation

The Washington Post criticized the Biden administration’s insistence on blaming corporations for rising inflation rates.

"Inflation, which was relatively low for years, did not suddenly rise in recent months because businesses decided now was the ideal time to squeeze their customers. What actually happened is that demand soared for many products as the economy recovered. Often, there were not enough products to meet it, thanks to supply chain hiccups and labor shortages, so prices went up. In a surprise to many, consumers kept buying goods such as cars and washing machines even at higher prices," the piece wrote.

Biden announced a plan to target a handful of meatpacking companies over rising meat prices. Industry leaders pointed blame at the labor storage and supply chain issues as the reason for the higher costs.