Catherine Rampell, A Washington Post Columnist And Prominent Economic Pundit, Has Repeatedly Argued That Inflation Was Not Due To Corporate Profiteering, Accusing Democrats Of “Demagoguing,” “Grandstand[ing],” And Of Falsely Making Corporate Greed A “Villain.”
Jason Furman—President Obama's Former "Top Economic Advisor"—Has Said "'Corporate Greed Is A Bad Theory Of Inflation'" And Said Price Hikes Helped Prevent “‘Worse Shortages.’”
Economist Larry Summers Has Frequently Tried To Deflect Inflation Blame Away From Corporate Profiteering Despite A History Of "Ultimately Disastrous Or Wrongheaded Policies" That Helped Wall Street Since The 1990s And Helped Lead To The 2008 Financial Crisis—All While Facing Criticism For Industry Conflicts.
Steve Rattner Has Called The American Rescue Plan "The Original Sin" Of Inflation And His Complaints About “Vast Amounts Of Government Rescue Aid” Have Been Cited By Senate Republican Leader Mitch McConnell.
House Republican Leadership Is Pushing An Extreme Agenda Of Cuts To Social Security And Medicare, A National Abortion Ban, And Potentially Ending Aid To Ukraine In Their War Against Russia.
The Federal Open Markets Committee (FOMC), the Federal Reserve body which determines interest rates, was expected to continue hiking rates in November and December 2022 despite warnings that doing so would cause a recession and add as many as 3.2 million people to unemployment lines by the end of 2023.
On October 14, 2022, “grocery giant” Kroger announced plans to buy Albertsons Companies for $24.6 billion, threatening to create a “corporate behemoth” second only to Walmart in grocery industry market share. If the two companies successfully combine, they would control nearly 5,000 stores reaching about 85 million households across the U.S.
The Supreme Court Case Brackeen v. Haaland concerns the validity of the Indian Child Welfare Act (ICWA), which gives preference to Native American guardians in cases concerning the custody of Native American children.
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