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Re: Let the truth be known
Pelosi, Biden, and the rest of the democrat leadership understand one thing and that's people who vote democrat have been thoroughly brainwashed.
They know that they can blame the rich for just about any problem and that you easy marks will fall for it over and over again.
It's time that you liberals face the fact that you're being lied to on a number of fronts. Starting with inflation. Don't be a sucker.
Opinion | The Left’s Excuses for Inflation Are Getting More Absurd
The idea that a handful of corporate malefactors are driving widespread inflation is a fairy tale intended to shift political blame.
President Joe Biden has the misfortune to be president at the moment when corporate America has decided to get together and gouge American consumers.
That, at least, is the story the White House and its allies, most prominently Sen. Elizabeth Warren (D-Mass.), want to tell.
The White House has particularly targeted meatpackers over the past several days. Its economists put out an analysis slamming meat processing companies for excessive profiteering, and press secretary Jen Psaki blamed “the greed of meat conglomerates” for rising prices. The oil and gas industry has come in for a similar pounding, and even Dollar Tree has been denounced for shamefully sticking it to the little guy. Warren has said the dynamic of rising prices and rising corporate profits isn’t “simply some inevitable economic force of nature — it’s greed. And, in some cases, it is flatly illegal.” In a similar vein, former Clinton labor secretary Robert Reich recently pinpointed “corporate giants with the power to raise prices” as “the real reason behind U.S. inflation.”
No one on the left seems to deny that supply chain disruptions are playing a role in inflation, but the focus on corporate greed is an absurdly reductive depiction of the U.S. economy — as if a broad-based, multicausal economic phenomenon is being mainly or at least significantly driven by a handful of corporate malefactors wielding nearly unchecked power over the consumer price index. It is a fairy tale transparently intended to shift the political blame for an economic discontent that is hobbling Biden’s presidency.
From the broadest point of view, the focus on the supposed monopolistic power of corporate America to set prices at whim makes no sense. Did the American economy, after 30 years of notably low inflation, suddenly become more concentrated earlier this year, such that companies could arbitrarily jack up prices? And why was it that this economic power made itself felt just as supply chain disruptions took hold and the Democrats’ massive Covid relief bill further stoked demand in an already growing economy?
If greedy corporations are to blame, they are at work across the board. In November, food prices were up 6.1 percent from the year before, with meat, poultry, fish and eggs up 12.8 percent, cereals and bakery products up 4.6 percent, and nonalcoholic beverages up 5.3 percent. Energy increased 33 percent. All other commodities outside food and energy jumped 9.4 percent. Used trucks and vehicles went up 31.4 percent.
It is true that most big companies have increased their profit margins. An analysis reported by the Wall Street Journal last month found that quarterly profits as a share of GDP are among the highest they’ve been since 1960. But demand is higher than it was pre-pandemic in many sectors of the economy, providing a strong foundation for profitability, and a standard feature of an inflationary environment is companies seeing how much they can raise prices without hitting a wall of consumer resistance.
This is one reason it’s best not to have an inflationary environment in the first place.
| The Left’s Excuses for Inflation Are Getting More Absurd - POLITICOAdversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: Let the truth be known
"Can someone please tell Joe Biden that black entrepreneurs are smart enough to get their own attorney?"
"Biden Tries to Be Woke, Says Something Super Racist Instead"
Biden Tries to Be Woke, Says Something Super Racist InsteadComment
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Re: Let the truth be known
SCUM BAG TRAITORS
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Re: Let the truth be known
"the people who live on the border are primarily Hispanic, and the Hispanics who live on the border are fed up with these open border policies"
Gov Abbott: Hispanic Texans Are Fed Up With Biden's Open BordersComment
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Re: Let the truth be known
DHS’ Mayorkas Says He’s Working with Social Media Giants to Circumvent Freedom of Speech – Geller ReportComment
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Re: Let the truth be known
Biden isn't mentally fit to be a dog catcher despite what his wife says.
Look around the country is in a shambles, Biden is caving to China and Russia.
The radical left is running the country into the dirt.
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Re: Let the truth be known
That's the only way they can win, quiet the opposing voices,, get the media to help along with big tech.
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