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May 16, 2022

Bernie Sanders slams Jeff Bezos on Amazon company practices after Bezos tried to attack Biden on inflation. Francesca Fiorentini and Ana Kasparian break it down on The Damage Report.
Read more here:
Inflation and Corporate Price-Gouging - https://prospect.org/blogs-and-newsletters/tap/inflation-and-corporate-price-gouging/
"As the debate goes on about how much inflation is due to (a) excess demand, (b) supply chain shocks, (c) the war, or (d) opportunistic corporate price-gouging, the political fact is that inflation is ravaging President Biden’s popularity. While discouraging the Fed from worsening matters by overdoing interest rate hikes can help, the administration needs to be more proactive on other fronts.
Reshoring sources of supply is a promising policy, but it will take time. Likewise offsetting consumer price increases by putting more money in people’s pockets, by supporting policies like the expanded Child Tax Credit and affordable child care and pre-K. But this runs into Joe Manchin."
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