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Mitch and the 1% profit off consumer's pain

Mitch and the 1% profit off consumer's pain

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mchill
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According to an Accountable.US report three Republican senators and fifteen members of the House GOP caucus have raked in at least $5,709,425 from corporations that have used inflation as a pretext for jacking up prices. Corporate profits were the highest they were last year, and you have the Republican caucus in the Senate and the House basically trying to give them a pass," said Tony Carrk, Executive Director of Accountable.US.

Chief among Corporate America's political guardians is Senate Republican Leader Mitch McConnell, R-Ky., who last year raked in $1.24 million from industry behemoths like Walmart, Kroger, Chevron, Johnson & Johnson, and Ford. Many of McConnell's own corporate benefactors, including Kroger and J&J, have openly bragged about hiking prices in investor calls, celebrating inflation as a unique opportunity to pass along costs to their customers. In a similar vein, J&J CEO Joaquin Duato reportedly told investors that the need to "address suffering and death" amid the pandemic should be a sign of "optimism" and "opportunity," suggesting that the company's price increases were driven by an impulse to expand profit margins.

GOP response: But - But - But Hunters laptop...w-w-what about Hunters laptop!? 😲


https://www.msn.com/en-us/news/politics/mitch-mcconnell-leads-republicans-in-profiting-off-of-corporate-price-hikes/ar-AAW1OCh?ocid=msedgdhp&pc=U531&cvid=96e85810973f4711b24ab9ace313507d

jimm619

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09 Apr 22

@mchill said
According to an Accountable.US report three Republican senators and fifteen members of the House GOP caucus have raked in at least $5,709,425 from corporations that have used inflation as a pretext for jacking up prices. Corporate profits were the highest they were last year, and you have the Republican caucus in the Senate and the House basically trying to give them a pass," ...[text shortened]... -off-of-corporate-price-hikes/ar-AAW1OCh?ocid=msedgdhp&pc=U531&cvid=96e85810973f4711b24ab9ace313507d
Right, top priority,
Hunter's laptop, and those BLM chiselers.

w

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09 Apr 22

@mchill said
According to an Accountable.US report three Republican senators and fifteen members of the House GOP caucus have raked in at least $5,709,425 from corporations that have used inflation as a pretext for jacking up prices. Corporate profits were the highest they were last year, and you have the Republican caucus in the Senate and the House basically trying to give them a pass," ...[text shortened]... -off-of-corporate-price-hikes/ar-AAW1OCh?ocid=msedgdhp&pc=U531&cvid=96e85810973f4711b24ab9ace313507d
The only reason things like what Hunter did aren't illegal is because all of the people (left right and center) making the laws are doing the same thing.

jimm619

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@wildgrass said
The only reason things like what Hunter did aren't illegal is because all of the people (left right and center) making the laws are doing the same thing.
Money buys influence....
Nothing new....
Campaign contribution or bribe?
Lobbyist or racketeer?
Gotta' get money outta' politics,
simple as that.

w

Joined
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@jimm619 said
Money buys influence....
Nothing new....
Campaign contribution or bribe?
Lobbyist or racketeer?
Gotta' get money outta' politics,
simple as that.
John McCain was the only politician I can remember who seriously tried to fix how political campaigns are financed.

Lockheed Martin receives more than $5 billion from the federal government annually. With some of that money, they donate $7 million to political candidates and more than $13 million on lobbying.

It's so silly that we have corporations with shareholders and a board of directors donating millions in profits to politicians and there's not supposed to be an expectation that the money gets kicked back in some form? Why would a board of directors approve such donations unless there was a financial incentive?

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