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If you are looking to place blame, have a look at these myths about current inflation. Fully 1/2 (54%) of the economic pain we are seeing right now, lands squarely at the feet of corporate America. Not the President, not even Congress - although you might want to look at the high $s donor list of your particular Representatives and Senators. Corporate profits are at 70-year highs.
Debunking 5 top inflation myths
Posted from epi.org
COLA (Cost of Living)
Living
Economy
Edited 2 y ago
Posted 2 y ago
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EPI is a progressive left wing organization providing cover for Biden. Their only focus is on labor, and they are generally pro-union, pro-big government and anti-corporation. As such, all of their analyses are through an anti-corporate and/ or labor evaluation lens. Their proof that government spending has not caused inflation is that the labor force is strong. Say what?
I am not saying that corporations have not taken advantage of the situation to make an extra buck - or twenty. But the main reason those bucks are there to be made is because the government has been printing money like it's going out of style.
I am not saying that corporations have not taken advantage of the situation to make an extra buck - or twenty. But the main reason those bucks are there to be made is because the government has been printing money like it's going out of style.
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