What's going on? CNN calls out DNC lie that inflation is caused by "corporate greed"

[marvin martian]

This has been a favorite lie of the Harris/Biden administration, in a failed attempt to misdirect from their failed economic policies.

Left-wing CNN is calling bullshit on it.

What's happening with the corporate media? I think Harris' refusal to engage with them at all is a terrible strategy, and the media outlets are letting her know how they feel about it.



Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with.

Yet new research from the Federal Reserve Bank of San Francisco casts doubt on the greedflation theory.

Economists at the SF Fed found that corporate price gouging was not a primary catalyst for the inflation surge of 2021 to 2022.

The Fed researchers did find that some companies exercised pricing power by raising prices above their production costs – a gap known as markups.

 

[shockedcanadian]

This has been a favorite lie of the Harris/Biden administration, in a failed attempt to misdirect from their failed economic policies.

Left-wing CNN is calling bullshit on it.

What's happening with the corporate media? I think Harris' refusal to engage with them at all is a terrible strategy, and the media outlets are letting her know how they feel about it.



Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with.

Yet new research from the Federal Reserve Bank of San Francisco casts doubt on the greedflation theory.

Economists at the SF Fed found that corporate price gouging was not a primary catalyst for the inflation surge of 2021 to 2022.

The Fed researchers did find that some companies exercised pricing power by raising prices above their production costs – a gap known as markups.

Yep, they see communism on the horizon.

Let's roll back the calendar to a time in which intelligence agencies in the West were very effective and the country was on board with the fight.

Would Americans vote for a ticket in the 1960s or 70s if the V.P candidate had visited Russia over 30 times?

Pelosi pushed for this guy. None of this is comforting.

 

[SassyIrishLass]

You know all you need to know about Heels Up's economic knowledge with that disastrous idea of government price controls

 

[RoshawnMarkwees]

Somebody at CNN is gonna get fired.

 

[Donald H]

The explanation is simple and that makes it true to voters. Complicated explanations are lost on most voters. But keeping it simple doesn't make it any less true.

a small baby step up from simple could be consideration of manufacturers needing to pay union wages. Just beware though that there's a trap lying there for the greedy.