McConnell Pins Inflation on Biden, But Has Raked In $1.2M From Corporate Donors

  • 📰 truthout
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

United States Headlines News

United States Latest News,United States Headlines

A new investigation has found that the same corporations that profited greatly from rising inflation last year have also donated millions to Republicans who are trying to blame Democrats for inflation.

“You don’t see any correlation between inflation and the generosity of fiscal relief. Inflation is up everywhere, regardless of whether countries were stingy or generous,” Economic Policy Institute director Josh Bivens. “You also have to think, ‘What did we get for a couple of percentage points of inflation?’ We got 6.5 million jobs created over a 13-month span – that is an incredibly fast rate of growth that just absolutely dwarfs any other recovery we’ve had before.

Republicans are also opposed to policies suggested by Democrats that could stop the price gouging and ease the burden on working class Americans. Last month, Sen. Bernie Sanders that would levy a 95 percent tax on all excess profits for large corporations in order to ensure that companies aren’t taking advantage of crises like the pandemic and conflict abroad to price gouge.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Republicans gave us the immoral trickledown economy. Vote out republicans. Demand UBI and Fair Taxation.

OverUnderClover Gotta give it to Biden!!! Pretty fvcking impressive to create GLOBAL INFLATION in his first year in office!!!

👉🏼 “You also have to think, ‘What did we get for a couple of percentage points of inflation?’ We got 6.5 million jobs created over a 13-month span – that is an incredibly fast rate of growth that just absolutely dwarfs any other recovery we’ve had before.”

Nothing cynical to see here — move on.

Republicans give them tax cuts. And when money not given, they *take* it anyway.

McConnell and his grifter wife Chao just think it's a game. They don't even bother to shed a single crocodile tear for the poverty they've inflicted all around them.

LeaderMcConnell

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 69. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq jumps 2% as stocks rally, oil hits $104Stock investors weigh a record-high inflation report and a fresh batch of corporate earnings.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Biden predicted inflation hit its 'peak' in December, but March numbers show CPI at 40-year highInflation hit a new 40-year high in March, casting doubts on President Biden's claims that inflation would start to cool in 2022. Nostradamus he ain't. Biden also predicted RussiaUkraineWar to live short but it is reaching month two. Biden also predicted BBB but it's not even reparation, forget about building. he's very poor about preding on his son hunter biden too.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Biden aide slammed for saying Rick Scott 'in lockstep' with Putin over inflation: ‘Shameful messaging’A senior Biden administration aide was roasted on Tuesday for declaring that Sen. Rick Scott is 'fully in lockstep' with Russian President Vladimir Putin after he hit Biden on record inflation numbers. Frank James is a Black racist/nationalist BLM extremist. Putin's tell his Russian citizens, is this the Democracy you want. Philadelphia: 562 murders in 2021. 10,000 wounded since 2015. Wounds with a lifetime of suffering. Citizens disabled and a permanent burden to society.
Source: FoxNews - 🏆 9. / 87 Read more »

Dem Senate candidates blame inflation on corporate greed and Russia, not government spendingSenate Democratic candidates in key swing states are trying to blame record-setting inflation on the Russia-Ukraine crisis and corporate greed, not government spending, despite criticism that the party's $1.9 trillion American Rescue Plan has contributed to the crisis. Turning a blind eye is always the easiest thing to do.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Inflation is accelerating under Biden and it's a tax no American voted forOPINION: Inflation is accelerating under Biden and it's a tax no American voted for Lies! get back to an America first energy policy of producing here at home massive increases of domestic production of oil and gas. This would increase the global supply and take power away from the OPEC countries to raise prices. Inflation is not a tax, at least a tax would lessen the federal debt. Inflation hurts everyone and everything, it destroys nations and it peoples that is why it is scary that the Biden Administration and Fed did not and is not taking any steps to address it.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Washington Post columnist suggests Biden should allow more immigrants into US to fix rising inflationA Washington Post columnist suggested on Monday that President Biden could solve the mounting inflation crisis by allowing more immigrants to enter the United States. Only in the demented mind of Fox news hosts will *all* immigration be bad. Because they're playing to an inherently ignorant, passively racist audience Paid journalist I guess Yeah, mass immigration while your economy is going up in smoke is always a good idea...heard of Rome have they?
Source: FoxNews - 🏆 9. / 87 Read more »