Katie Porter TORCHES Corporate Oil Profits In Brilliant Lesson
October 21, 2022
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10:22Now PlayingKatie Porter TORCHES Corporate Oil Profits In Brilliant Lesson
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as posted by the channelKatie Porter brings the heat with a brilliant breakdown of corporate price gouging concerning big oil companies and inflation. John Iadarola and Jessica Burbank break it down on The Damage Report.
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In Defense of Workers, Sanders Says 'The Fed Must Stop Raising Interest Rates'
"U.S. Sen. Bernie Sanders on Thursday reaffirmed that, with record corporate profits and declining median wages, federal policymakers should focus not on aggressively raising interest rates, but rather on tackling corporate greed and economic policies that benefit working-class Americans.
"I think it is wrong to be saying that the way we're going to deal with inflation is by lowering wages and increasing unemployment."
"Corporate profits are at a 70-year high, median wages have gone down the sharpest in 25 years, and corporations are spending $1 trillion on stock buybacks. Our goal must not be to 'get wages down.' Our goal must be to end corporate greed," Sanders tweeted. "The Fed must stop raising interest rates."
It's an argument that the two-time Democratic presidential candidate has often made in recent weeks. Appearing on NBC News' "Meet the Press" last Sunday, Sanders said that "I think it is wrong to be saying that the way we're going to deal with inflation is by lowering wages and increasing unemployment.""
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