1] “Tariffs instead of an income tax?” [Nobel prize winning economist Paul Krugman; New York times; 6/24/24]: “Recently Donald Trump floated a truly terrible, indeed unworkable economic proposal…an ‘all tariff policy’ in which taxes on imports replace income taxes. Why is that a bad idea?
“First , the math doesn’t work..in reality, there’s probably no tariff rate high enough to replace the income tax.
“..we’d in effect sharply raise taxes on working-class Americans while giving the rich a big tax cut – because the income tax is fairly progressive..”
“How did the Republican National committee respond…’The notion that tariffs are a tax on U.S. consumers is a lie pushed by outsourcers and the Chinese Communist Party.” [stop laughing, they were serious!]
“..economists have been saying tariffs are a tax on domestic consumers for the past two centuries..”
[Note: read the entire column. Krugman’s Nobel Prize was for international trade theory]
2]. “The Real Reason Trump Pushes Tariffs” [Kimberly Clausing; New York Times; 2/23/25]: “A better way to think about tariffs is as a key tool to achieve the core of Mr. Trump’s economic agenda: He wants to shift the tax burden away from the well-off and toward the poor and middle class – while consolidating his power.” One study had Trump tariffs costing a “typical American household in the middle of the income distribution more than $2,600 a year.”
[Note: read the entire article – Trump’s objective is NOT to bring back American jobs]
3] “The ugly truth of ‘beautiful’ tariffs” [Heather Long; Washington Post Weekly; 1/19/25]: “..this week, he laid bare why he will raise tariffs this year: He needs money to pay for bigger tax cuts….The math doesn’t add up.”…..
“The Peterson Institute for International Economics found that the bottom 80% would be worse off, and only the richest Americans would benefit.”….
“In the worse case scenario, the average tariff rate could spike to the highest level since the Great Depression.” [Note: research effects of the Smoot-Hawley Tariff Act of 1930!]
“Regardless of whether they are friend or foe, Trump is likely to lose the trade war with China.” [Note; research how China previously, and now – is moving factories to foreign countries to escape Trump’s tariffs on them!!! Read the entire article]
4] “Trump’s tariff plan would sow chaos” [Jeff Stein, David Lynch; Washington Post; 10/17/24]: “…an attack on the international trade order that would likely raise prices, hurt the stock market and spark economic feuds with much of the world.”…
“The consequences would be far-reaching..higher prices for grocery staples..U.S. manufacturers would almost certainly see sharp declines in orders…gas prices would increase by as much as 75 cents a gallon..the annual cost could be as high as $7,600 for a typical household.” [Note: read the entire article]
5]. “New tariffs would lead to price hikes” [David Lynch; Washington Post; 10/31/24]: “U.S. companies say they’ll pass added costs to customers if Trump is re-elected and makes good on his promises.”…
“A consistent theoretical and empirical finding in economics is that domestic consumers and domestic firms bear the burden of a tariff, not the foreign country,” according to analysis by the nonpartisan Budge Lab at Yale University.”
[Note: read the entire article – IT DESTROYS TRUMP’s TARIFF PLANS]
***** And then, this: Trump claims Mexico and Canada aren’t doing enough to stop the flow of immigrants into the U.S. or to stop the flow of fentanyl. REPEATED comments by U.S. border patrol personnel say one thing: the vast majority of illegal drugs into the U.S. is smuggled in by. AMERICANS!!!!! Canada, Mexico and others have ALREADY taken steps – before Trump’s threats – to cooperate with the U.S. in reducing immigration into the U.S. For more perspective: research American birth rates since 1980. Some advanced nations are ALREADY in danger of disappearing because their birth rates are too low.
*****Bottom line: What will be the cost in lost good will by some of America’s best friends – when the REAL enemy of democracy is China??? “Beautiful tariffs” is just another BIG. TRUMP. LIE. We are cursed with a president living in n alternative universe of his own “alternate facts.”
Tag: economy
Trump as “savior”!!! II – “America Headed in the Wrong Direction” [BUT – on closer look, since 1981 !!!]
Adolf Hitler: “The best way to take control over people and control them utterly is to take a little of their freedom at a
time, to erode rights by a thousand tiny and almost imperceptible reductions. In this way, the people
will not see those rights and freedoms being removed until past the point at which these changes
cannot be reversed.”
Dear people: America has been “headed in the wrong direction” since 1980. The first CON MAN, Ronald Reagan, made YOU feel good while his rich friends stole the American Dream. But, Ronnie was so handsome, had such a nice smile….so you elected him twice and then his vice president too! He said. all “the right things,” “things you wanted to hear”!!! – while he TRIPLED the national debt, broke a major strike, ended balanced media broadcasts, and……….
THE basis for that 1947-1973 mass middle class prosperity was SHARED NATIONAL WEALTH. Then came the 1980s and “Greed is Good!” – and Bush II tax cuts for the rich, his immoral Iraq war, his 2008 recession – and Trump’s 2017 tax cuts for the rich that are about 25% of the national debt.
SO – CON MAN Trump sold some of YOU on lie #35,xxx: “It’s Joe Biden’s fault.”
Below is a SMALL part of the MOUNTAIN o f statistical proof: America began heading in the wrong direction. NOT. in 2021, but in 1981……
1] “Evil Geniuses” [Kurt Andersen]: “During the 20th century, America managed to make its economic and social systems both more and more fair and more and more prosperous. A huge, secure and contented middle class emerged. Incomes rose in sync. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right wing zealots, the rules and norms that made the American middle class possible were undermined and dismantled. The clock was turned back on a century of economic progress, making greed good, workers powerless, and the market all powerful while weaponizing nostalgia, lifting up an oligarchy that served only its own interests..”
*** Billionaire investor Warren Buffett: “There’s class warfare, all right, but its my class, the rich class, thats making
war, and we’re winning.”
2]. “Is the economy to serve the people who make it up, or is their labor for the sake of lining the pockets of the rich and powerful? [Juliet Schor]; “..the U.S. Catholic Bishops..wrote in their 1986 pastoral letter on the economy, “the economy should serve people; people should not serve the economy.” [“Economic Apartheid In America”; C.Collins, F.Yeskel]
***. “The modern conservative is engaged in one of man’s oldest exercises in moral philosophy, that is the search of a
superior moral justification for selfishness.” [John Kenneth Galbraith]
3]. “Economic Apartheid In America” [2005; C. Collins & F. Yeskel]:
A] “The larger economic trends of the past three decades…falling wages…wealth inequality…widening gap between highest- and lowest-paid workers…losing ground at work…precarious and stressed middle class…the rising tide lifts only yachts.”
B] graphs on pages 41-42: 1947-1979: “We Grew Together”…the bottom 80% quintiles ALL grew 100%-116%, the top 99% [Census Bureau data]; 1979-2003 “We Grew Apart”…the bottom 20% LOST 2%; the second 205 gained 8%; the third 20% gained 15%; the fourth 20% gained 26%; the top 20% gained 51% – & – the top 5% gained 75%.
C] “The Power Shift since the 1970s..Who sets the agenda for economic policies?”…”On the rise: big campaign contributors…corporate lobbyists…corporations…big-asset owners…CEOs…Wall Street”. “In decline: popular political movements… voters…labor unions…wage-earners…employees…main street”
“Why this happened…a power shift led to rule changes”…..”Rule changes since the 1970s: anti-union climate…global treaties benefit corporations…big tax cuts for the wealthy…corporate welfare expands…minimum wage not raised…Federal Reserve “whip inflation” policy helps investors, hurts wage growth…”privatization” [dismantling government] helps investors, hurts consumers and workers”
D]. “The attack on worker’s rights [i.e. unions]..evidence is clear..unions raised the standard of living for most low- and moderate-income people, whether they joined unions are not…Most industrialized countries..would not tolerate the employer practices that occur every day in the United States.”
E]. “The race to the bottom…U.S. workers cannot and should not compete against workers in countries like China [low wages, no unions]..nor..with countries of high rates of child labor…Free trade agreements as..currently written create a climate in the United States where employers are..emboldened to threaten to move plants overseas to extract wage concessions or discourage unionization efforts..”
F]. “In the last two decades, the U.S. tax system has become a two-tier tax system, investigative journalists ..Bartlett T..Steele argue..there is one system for the wealthy, what they call “the Privileged Person’s Tax Law,” and another one for everyone else..”
*** “The point is you cant be too greedy.” [Donald J. Trump, “The Art of the Deal”]
4]. “The Betrayal of the American Dream” [Donald Bartlett & James Steele; 2012; two Pulitzer Prizes]
A] “..[this]..is the story of how a small number of people in power have deliberately put in place policies that have enriched themselves while cutting the ground out from underneath America’s greatest asset – its middle class..the wealthy and the powerful..have become this country’s ruling class.”
B] “..between 1999 and 2008,,foreign affiliates of U.S, parent corporations increased their employment abroad by 2.4 million jobs,,slashed their employment in the United States by 1.9 million.”
C]. “..the ruling class is defined by its ability to move money beyond the reach of government supervision.”
D]. “The U.S. health care system is based on the misguided notion..the private market is the best way to provide care and coverage to Americans.” [see their 2004 “Critical Condition: How Health Care in America Became Big Business – and Bad Medicine’}
E] ‘..for tens of millions of middle-class Americans, as well as for the working poor who hope to achieve that status, then American dream is over.”
F]. “Running a country like a business means everyone is expendable.”
G]. “Congress writes the rules..and Wall Street..decides what rules it will permit.”
*** “..one certainty..there is no way to access infinite wealth without rigging the system. No one becomes a billionaire honestly.” [Sarah Chayes: “On Corruption in America”]
5] “When did we go astray?..There’s no easy answer to such a question, but clearly the election of President Ronald Reagan represented a turning point..” [“The Price of Inequality”; Joseph Stiglitz; 2012; Nobel Prize winner}
A]. “The underlying thesis..we are paying a high price for our inequality – an economic system that is less stable and less efficient, with less growth, and a democracy..put in peril..”
B]. “For years there was a deal between the top and the rest of our society…we will provide you with jobs and prosperity, and you will let us walk away with the bonuses. You all get a share..we get a bigger share..now that tacit agreement..always fragile, has come apart.”
C] “American inequality didn’t just happen. It was created..Much of the inequality that exists today is a result of government policy, both what the government does and..does not do.”
***. “What is a man profited, if he shall gain the whole world, and lose his own soul?” [Matthew 16:26]
6] “Who Stole the American Dream?” [Hedrick Smith; 2012; Pulitzer Prize winner]
A] “Over the past 3 decades, we have become Two Americas..no longer one large family with shared prosperity and shared political and economic power..’
B]. “Today, the greatest challenge and most corrosive fault line in our society is the gross inequality of income and wealth…What separates the Two Americas..is a wealth chasm..from 2002 to 2007, America’s sup-rich, the top 1% [3 million people], reaped two-thirds of the nation’s entire economic gains..In 2010, the top 1% captured 93% of the nation’s gains.”
C] “..in America since the late 1970s..soaring wealth of the super-rich has brought the unraveling of the American Dream for the middle class..”
D] “From 1998 through 2010, business interests and trade groups spent $28.6 billion lobbying compared with $492 million for labor..no countervailing power matches the political clout of business. Our democracy has become starkly unequal.”
E] “since the 1970s, business leaders have largely abandoned..share-the-wealth ethic…the pay of a typical male worker was lower in 2010 than in 1978, adjusted for inflation.”
*** “What most people don’t seem to realize is that there is just as much money to be made out of the wreckage of a civilization as from the upbuilding on one.” [Margaret Mitchell – “Gone With the Wind”]
Dear People – the above is merely the BEGINNING of a mountain of STATISTICAL PROOF that the great 1947-1973 American middle class mass prosperity was. STOLEN. from. YOU by the rich – we have been “headed in the wrong direction” since 1980. – NOT since 2021 !!!!!! o
Trump as “savior” !!! – Hang On To YOUR Wallet; Trump’s “numbers’ DON’T Add Up !!!
***Republican President Herbert Hoover: “You know, the only trouble with capitalism is capitalists. They’re
too damn greedy.”
1} Christine Benz, director of personal finance & retirement planning for Moringstar: “Whoever takes over as president is inheriting a fairly robust economy, mild inflation, average-to-below-average interest rates and fairly high valuations for U.S. stocks.” [“How election results could affect your retirement accounts.”; Michelle Singletary; ll/ll/24; Wash. Post]
2] “Manufacturing already has made a comeback…Rebound Trump promises has been underway in many places”: “McLean County is part of an unusually strong jump in manufacturing jobs between 2019 and 2023…The Biden administration tried to use policy to ensure..more..would be union jobs, or at least offer union-level wages..this approach is almost certainly dead due to the results of the election.” [Tim Henderson; 11/17/24; Stateline.org]
***Adam smith: “We can’t have free markets because the world is too complex and independent to let everyone run around doing whatever he or she wants to do. As a society, we have to regulate conduct when it interferes with other people’s freedoms or when it threatens damage to other people’s properties.”
3] “For voters, economy is key”: “..many economists warn..Trump’s plans are likely to worsen the inflation he’s vowed to eradicate, drive up the federal debt and eventually slow growth…Last month, 23 Nobel-winning economists signed a letter warning..a Trump administration “will lead to higher prices, larger deficits, and greater inequality..Among the most important determinants of economic success..are rule of law and economic and political certainty, and Trump threatens all of these.”..The centerpiece of Trump’s economic agenda is taxing imports..In fact, American companies pay them – and then typically pass along their higher costs to their customers via higher prices..Trump has threatened to deport millions of undocumented immigrants, potentially undermining one of the factors that allowed the United States to tame inflation without falling into recession.” [Paul Wiseman; 11/10/24; Assoc. Press]
***Republican President Theodore Roosevelt: “Of all the forms of tyranny the least attractive and most vulgar is the
tyranny of mere wealth, the tyranny of plutocracy.”
4]. “Musk Looks To Benefit From New Pal Trump…Billionaire’s six firms, deeply entangled with the U.S., pose a conflict with any new job he gets” [E.Lipton, K.Grind, D.Fahrenthold, T.Schleifer; 11/10/24; New York Times]
5] “Biggest Donors Expect Returns on Investment…Moguls Look to Lifting of Regulations”: “Limit the reach of federal regulations on artificial intelligence. Make room for cryptocurrencies to thrive. Ease the anti-trust crackdown on big companies. Buy more military drones. And don’t raise taxes on billionaires.” [Eric Lipton; 11/17/24; New York Times]
**!!**!! – This & MUCH MORE is the “to-do list” for Trump from his donor billionaires – WHO. is missing from any concerns here??? – YOU, Mr. & Mrs. lower 90% !!!!!!!!!!!!
*** Supreme Court Justice Louis Brandeis: “We can either have a democracy in this country or we can have great
wealth concentration in the hands of a few. But we cannot have both.”
6] “Trump’s plans likely don’t lower grocery bills…Proposed tariffs, deportation could make food prices rise, according to economists”…”..food producers rely on imported goods like fertilizer, equipment and packing materials. If they’re forced to pay more..they will raise prices….U.S. farmers also could have trouble selling their goods overseas, since other countries would likely respond with retaliatory tariffs..”There is a fundamental disconnect between a stated goal of reducing grocery prices and a tariff policy that only stands to increase those costs.” [Dee-Ann Durbin; 11/17/24 Assoc Press]
7] “Trump tax cut vows face fiscal realty”: “The nonpartisan Congressional Budget Office..estimated..continuing all of the expiring provisions would cost roughly $4 trillion over a decade, and Trump’s campaign proposals could add trillions more to the debt.” [Andrew Duehren; 11/8/24; New York Times]
***!!!***!!! – Republican tax cuts, 1981-2017 increased the national debt from LESS than $1 trillion for 1789-1980 America to some $35 trillion – because they cut tax rates for the obscenely rich – which leads to Right-Wing 7 Republican demands for “austerity” – i.e. – cuts to social programs that benefit YOU – see Roosevelt & Brandeis quotes above & more
*** Adam Smith: “The subjects of every state ought to contribute towards the support of government, as nearly as
possible, in proportion to their respective abilities; that is, in proportion to the revenue which
they respectively enjoy under the protection of the state.”
*** Billionaire Bill Gates: “I need to pay higher taxes. I’ve paid, in absolute, more taxes over ten billion [dollars].
than anyone else, but, you know, the government should require people in my
position to pay significantly higher taxes.”
*** Billionaire investor Warren Buffett: “There’s class warfare, all right, ubt it my class, the rich class, that’s making
war, and we’re winning.” **Buffett has long said his secretary pays taxes at a higher rate
than he does. Recent analysis reveals many billionaires pay a 3.4% tax rate, if anything.
8]. Do. YOUR. own. REAL. research:
A] study 1947-1980 income, wealth, tax rates – compared with 1981-2024 numbers. 1947-1980 top marginal taxe rates AVERAGED 81% – Republicans cut those, first in half, now 1/3-1/4. The 1947-1973 American middle class enjoyed THE. STATISTICAL. PEAK of prosperity in American history. It was “too good a deal”. – for. YOU, so the rich [see Buffett, Brandeis, Roosevelt, Smith quotes above] declared WAR [quietly – through “campaign contributions”]. on. YOU – cut their taxes, cut YOUR income, increased costs for YOUR food, medical care, housing, etc…., move jobs overseas………
B]. find. REAL. critical analysis of “PROJECT 2025” and “Agenda 47”. – to decode what their innocuous language REALLY means to YOU. – it is a Right-Wing blueprint of the R-W “wish list” to COMPLETE the transformation of America into a PLUTOCRATIC. THEOCRACY.
***** WATCH. YOUR. WALLET !!!!! – how uninformed, how misinformed, how gullible. – are. YOU??? If YOU voted for the Con Man, the Entertainer – “who said what you thought” – or – “said what you wanted to hear” – the NUMBERS above – and MUCH, MUCH more – indicate YOU will NOT get what YOU thought YOU voted for; a better, more prosperous life>
*** SO – now what? – vigilance – hold Trump and his Republican enablers to account – but don’t wait until 2026, could be too late. WHY. did 23 Nobel economics winners write a letter warning of economic consequences if Trump puts his plan and his campaign rhetoric into law???? No – they don’t “hate America,” they don’t “hate Trump”. – they examined Trump’s numbers! – and they DON’T. ADD. UP
*** Adolf Hitler: “If you tell a big lie and tell it frequently enough, it will be believed.”
*** New analysis by the “Conservative Think Tank “Committee for a Responsible Federal Budget” finds Trump plans would. WRECK. SOCIAL. SECURITY – But!!! – Trump promised to “fight for and protect SocialSecurity” –
what if Trump DOESN’T ????
***. On October 4th – McDonalds sued the big four meatpackers for “allegedly conspiring for years to limit beef supplies”. – meaning increased cost of. YOUR. Big Mac – what if Trump DOESN’T. support the suit?????
*** “The top four companies control 90% of the cotton seed market, 80% of corn seed, 70% of soybean seed, 67% of pork, and 62% of agrichemicals according to the advocacy group Farm Action.” **These monopolies cost. YOU. at the grocery store and more – what if Trump. DOESN’T. do anything to lower YOUR. costs ????
*** What if “Joe Biden’s “bad economy'”. DOESN’ T change under Trump???
*** What if Trump’s tariffs, tax cuts for the rich, deportations of food, farm workers, construction workers, and others. – DOESN’ T work?? DOESN’T help. YOU ???????????
*** What if the warning by the 23 Nobel Prize winning economists that Trump’s policies will cost YOU money is correct ?????????????? [ does that mean you voted AGAINST. YOURSELF !!!!!!!!!!! ]
*** Are. YOU, Trump supporter. – still going to vote for his Republican enablers in 2026 –
will the same “rules” that applied to Biden & Democrats in 2024. apply to Republicans in 2026 ?????
HANG. ON. TO. YOUR. WALLET !!!!!!!!!!!!!!!!!!!!
Trump’s Economic Plan – DISASTER if Implemented
The Trump economy “was better”???????? What if Trump had ruled under 4 years of COVID??? What is the leader factor in 2020-2024 inflation – COVID !!! – and of course, top 1% & corporate GREED.
America is a capitalist system – PRIVATE companies sell goods & set prices – not government. There are NUMEROUS corporate CEO confessions – some listed below – where CEOs CONFESSED they had used COVID to inflate their prices. Many/most American industries are controlled by 2-3-4 companies – often in food. Numerous cases where companies have pled guilty to price-fixing collusion. Then there are Trump stupidities – like tariffs……
********!!!!!***** l0/31/24 headline: “New tariffs would lead to price hikes…U.S. companies say they’ll pass added costs to consumers if Trump is re-elected and makes good on his promises”. ****!!!!!*****!!!!!! HERE’s. your proof !!!!!!
First – just a few headlines:
– “Trump’s tariff plan would sow chaos…His attacks would raise prices, hurt markets, spark economic feuds” [10/17/24; Stein & Lynch; Washington Post]
– “Trump’s budget ideas don’t add up…Promises could add trillions of dollars to rising national debt” [9/28/24; Stein; Washington Post]
– “Trump’s fiscal plans could hike U.S. debt…Analyses also cite rising costs for most Americans” [Duehran & Rappeport; 10/8/24; New York Times]
– “Report: Trump would drain Social Security..fund might run out of money within six years under a Trump presidency” [Weil; 10/27/24; Washington Post]
– “Trump’s Big Promises to Big Business…Former President Trump has a ‘For Sale’ sign around his neck” [Goldmacher, Haberman, Swan; 10/27/24; New York Times]
– “Worried about inflation? You won’t like Trumponomics 2.0…former President Donald Trump’s economic agenda seems to be dedicated to raising prices” [Bloomberg Opinion Board; 5/26/24]
– “Beware of Trump’s economic plans…Higher tariffs, politicized central bank, a deliberately weakened dollar and more public borrowing would be dangerous”. [Bloomberg editorial; 5/20/24
– “American Business Can’t Risk Another Trump Term..he is attacking the foundations of American prosperity” [New York Times Editorial Board; 10/20/24]
– “Poorer households at risk with Trump plan…economists say lower-income households would be hit hardest by tariffs..” [Swanson, Duehren, Broadwater; 7/18/24; New York Times]
– “Trump Plans to Make His Massive Tax Cuts for the Rich and Corporations Permanent..which would allow the wealthy to steal from the public”. [Kolhatkar; 4/15/24; The Progressive Pipulist]
– “Trump’s Idea To Drop Prices May Lift Them…Economists See Costs in Three Key Proposals”. [Savage, Haberman, Swan; 6/9/24; New York Times]
– “UAW Slams Trump-Vance As “Menace To The Working Class” [Dispatches; 11/1/24; The Progressive Populist]
– “How Republicans Screw Workers..Efforts by Obama and Biden to enforce labor laws have been systematically undermined by right-wing courts and legislators” [Kuttner; 5/1/24; The Progressive Populist]
Second – do you need details, after the above – how “the champion of the workers” has, WILL, screw over the lower 90%? What would you expect a selfish ‘millionaire/billionaire” to do??? OK – try this:
– “GOP deregulation hurts consumers; new bill from Democrats could help”. [Catherine Rampell; 3/6/19; Washington Post]: “For markets to work, you need a system where either the government protects consumers or consumers can adequately defend themselves…The “neither” option lands you in a kleptocracy..where Republicans have been leading the country for the past few years…”
“Under President Trump, Republicans have repealed or watered down tons of federal rules..notice a striking pattern: Many of them loosen the limits for how much harm businesses can inflict upon consumers…”
“..perhaps where the GOP has been most successful in curbing consumers’ ability to fight back relates to mandatory arbitration clauses..’ [*** FORCED arbitration in front of industry-paid/friendly “judges”]
Third – were YOU really better off under Trump??? What do REAL statistics reveal?
A]. “Were You Better Off Than Trump?” [The Progressive Populist editorial; 4/15/24]: “Donald Trump’s promoters are now asking “Are you better off today than you were four years ago..?”
“By almost any objective standard, the U>S. is in much better shape today…Trump inherited a healthy economy..Non-farm employment fell by 1.4 million jobs in March 2020 and a staggering 20.5 million jobs in April..Unemployment was 6.3% in January 2021..grocery shelves were empty…”
“The British medical journal The Lancet..blamed Trump for an error-filled response to the coronavirus pandemic that analysts said contributed to 40% more deaths compared to other wealthy countries…”
“All those jobs lost during Trump’s last year have been recovered under Biden, plus 423,000 manufacturing jobs..created since..the Infrastructure Investment & Jobs Act in 2021…”
“Inflation has settled back to 3.2%, much of which is caused by corporate profiteering, which Republicans have shown little interest in checking…”
“Despite Republican claims..crime has run out of control under Biden, a recent FBI report noted..crime actually declined significantly in 2023, continuing a post-pandemic trend…”
B] “The Truth About the Biden Economy…His economy is outperforming other countries, and past presidents by a long shot”. [Matthew Winkler; 4/28/23; Bloomberg Opinion]: “..the economy during Biden’s 27 months..witnessed the greatest and fastest recovery of gross domestic product in modern times.. We have a jobless rate that is the lowest in a peacetime economy since World War II..”
C] “The Greatest Economy Ever?..The president deserves the credit he’s taking”. [Dean Baker; 7/17/23; InsideSources.com]: “Since the pandemic, the U.S. has had the highest growth growth rate of any wealthy country. It’s inflation rate is among the lowest..Perhaps even more important were..bills changing the long-term direction of the U.S. economy.”
Fourth – PRICES !!!!! – consider:
A]. “A Tale of Two Consumers”. [Robert Reich; 7/1/24; The Progressive Populist]: “..PepsiCo has so much monopoly power it’s been able to raise prices, blame inflation, shaft consumers, and score record profits..”
B] “Corporate profiteers pandemic strategy: GOUGE CONSUMERS AND BLAME JOE BIDEN” [The Hightower Lowdown; February, 2022]: “Consider diapers..Procter & Gamble announced last April..Covid-driven production costs were forcing it to raise the price for ..Pampers…used the excuse of inflation to inflate the price of diapers..co-monopolist Kimberly-Clark goosed up its prices at the same time…’
“IN 2019..big U. s. corporations hauled in roughly a trillion dollars in profit..two years later, during the pandemic, they grabbed more than $1.7 trillion. Antitrust analyst Matt Stoler finds..this huge profit jump accounts for 60% of the inflation now slapping U.S. families…” [****!!!!!! – got that; 60% of inflation is. CORPORATE GREED !!!*****]
“The CEO of Kroger..gloated last summer that “a little bit of inflation is always good in our business..we’ve been very comfortable with our ability to pass on increases” to consumers…”
“..85% of the U.S. beef market is controlled by just four multibillion-dollar goliaths..this beef cartel has been raising consumer prices during the pandemic..Their profit margin at the end of 2021 was 300% [!] higher than the previous year.”
C]. “FTC Launches Probe Into Surveillance Pricing That Targets Individuals” [Naveen Athrappully; 7/24-30/24; The Epoch Times]”. “[FTC] is looking into how firms are using surveillance pricing to charge different prices to different consumers…In September, the FTC accused Amazon of creating a secret price-setting algorithm.”
D]. “He’s the Expert on Uncovering ‘Shrinkflation'”. [Clare Toeniskoetter; 11/27/22; New York Times]: “With inflation at a 40-year high, business owners have been increasingly shrinking their products in an attempt to hide price increases.”
E]. “Inflation may be cover for gouging” [Paul Davidson; 4/28/22; USA Today]: “..last year, the aggregate profit margin of non-financial corporate business hovered above 13% in all four. quarters, the best performance in 70 years…56% of retailers say inflation has allowed them to raise prices above what’s required to offset higher costs, according to a survey of 1,000 retailers by Digital.com in November. More than half..say they’ve pushed up prices by an average of 20% or more.” [***!!! – got that – best profits in 70 years…prices up by 20%. !!!!!!]
F]. “Quantifying Big Pharma Price-Gouging” [Rick Claypool; Public Citizen News: Nov-Dec, 2021]: “Big Pharma makes almost twice..selling the top 20 prescription drugs in the United States as it does selling the same drugs to..the rest of the world combined…now Big Pharma is using every trick in the corporate influence playbook to fight policies that would reduce U.S. drug spending..” [also including a “Ripping Off Americans” chart for HIV, Autoimmune disease, multiple sclerosis, type 2 diabetes drugs !!!!]
G]. “Auto insurance costs rising at fastest pace since 1970s” [Emily Flitter; 5/16/24; New York Times]: “Geico recently reported a big jump in quarterly profit on higher premiums and lower customer claim..”
***!!! GUESS WHAT??? In details, company names, etc….- one name is missing; Joe Biden……NOBODY. said Joe Biden raised rates or his profit margin by 10-20-30%… GEE – WHY not???? If YOU voted for Trump “because Biden’s at fault for high prices – you’re very badly misinformed. – because this is one more TRUMP. BIG. LIE. – because facts supplied above. are a very small “drop-in-the-bucket” of the vast MOUNTAIN of other facts soundly disproving this. TRUMP. BIG. LIE. – which. GREEDY corporations and Wall Street are more than happy to see YOU accept.
With Justice For All 