will take a deeper look at what this lawsuit and merger would do to food prices — particularly on the cusp of the November election. Part 3will explain how the presidential and vice presidential candidates feel about the FTC’s lawsuit and their own plans to cut food prices.
The vice presidential contender previously said FTC Commissioner Lina Khan is “one of the few people in the Biden administration who I think is doing a pretty good job.” Last month, while on the campaign trail traveling with Vance, the“I think she’s justifiably worried about some of the big technology companies and the concentration of power,” Vance said, adding that he thinks sometimes she gets too aggressive with smaller companies and hinders capital formation.
While inflation has touched nearly every part of the economy, consumers experience the years of cumulative inflation most viscerally at the grocery store. Since January 2021, when Biden was sworn in, grocery prices have increased 21% on average, according to the consumer price index. Harris, capitalizing on political discontent with food prices, rolled out a price gouging plan as her campaign’s first economic policy proposal. The campaign announced that she would try to enact the “first-ever federal ban on corporate price-gouging,” although details are unclear — including whether the plan would even be possible without congressional support.
Peter Loge, director of the George Washington University School of Media and Public Affairs, said there is another element at play in the merger’s intersection with politics: A lot of the stores that would presumably be part of this new mega-corporation are located in key battleground states for Harris and Trump.
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