House Economic-Know-Nothing Caucus Hails Biden Moves to Shift Blame for Inflation to “Price Gouging”

Source: Common Dreams

“The Congressional Progressive Caucus on Tuesday joined family farm advocates in applauding President Joe Biden’s new executive action plan targeting ‘price gouging’ and other monopolistic [sic] conduct by the U.S. meat industry, which has pushed high costs onto consumers while raking in huge profits during the pandemic. Rep. Pramila Jayapal (D-Wash.), chair of the CPC, said in a statement that throughout the public health crisis, U.S. corporations ‘have raked in record profits while continuing to raise prices and squeeze families, consolidating to prevent competition and increasing the burden on small businesses and consumers.'” [editor’s note: Of course, none of this was done by lowering taxation on every step in meat processing from hoof to table – SAT] (01/04/22)