I suppose Biden's waiting for mid-term results to see whether he has enough support to go after corporate price gouging without donor backlash, but I suspect he'd greatly increase Democratic turnout if he did it now. Every week, I am astounded at the price increases for common items, and I'm sure you are, too.
Here's what Fed official Lael Brainard just said -- in Fed speak, but she said it:
"Margin recompression." Yeah, give us some of that!
From Bill Pascrell, one of my favorite congressmen. Hit them hard, just like this, over and over:
And every single Republican is out there making solemn statements about "Joe Biden's inflation" despite voting against every attempt to hold corporations accountable:
And it's not just here! Thanks to international industrialized supply chains, the price gouging is everywhere:
Joe Biden is not stupid, and his strategy is to stay out of the midterms. But we all know corporations know that Biden is a real working-class populist, not a fake one like Trump -- and they see him as a threat. They are working to undermine his ability to get things down.
Take note.
