Sen. Bernie Sanders did not mince his words as he scolded the media for their poor coverage of the plight of the working class, even as he praised the relatively good economy.
Bernie Sanders provides the proper context.
Even as the media is giving the Biden economy some credit as inflation seems to be slowing, they are not sufficiently acknowledging the systemic pain of the working class that goes beyond inflation. So after pointing out the good in the economy, he continued.
“I think in the Congress and in the media, we don’t do a good enough job in talking about the reality of life for working people,” Senator Bernie Sanders said. “60% of our people today, including many seniors, are living paycheck to paycheck. And at the same time, we see more income and wealth inequality. And it’s good to see we’re making some progress in that area.”
Sanders then went after the pilfering by the wealthy and corporations.
“We have more income and wealth inequality than we’ve had in 100 years,” Bernie said. “We have more concentration of ownership in sector after sector. As you well know, a handful of corporations who are enjoying record-breaking profits, by the way, control those; what we purchase in our stores, whether it’s oil, whether it’s food, whether it’s pharmaceuticals, whether it’s media, whether it’s Wall Street, increased concentration of ownership. And then when you look at the power of the billionaire class, and you talked about this a moment ago in terms of politics, it’s a record-breaking amount of money, unbelievable amounts of money that billionaires are pouring in, dark money and not dark money into the political process. We’ve got to pay attention to those issues.”
Inflation is lower; as I have written about many times, the sole cause of inflation is corporate greed, negligence, ineptitude, and false scarcity. The war in Ukraine and COVID are convenient excuses we have been trained to accept as fact.
There was never an oil shortage; it was always a false scarcity. That is why even though we virtually kept using the same amount, there were never gasoline stations without gasoline. They knew Americans had extra savings from not spending during the pandemic and from a stimulus. They did not allow Americans to keep that money. They used inflation to steal it, and it shows up in their profit margins. I explained that in an interview on the Muslim TV Network after one of their producers read one of my bogs incredulously.
The corporate class blames the pandemic for the supply-chain component of inflation. The truth is that they chose profit over economic security with a failed model known as just-in-time-inventory, which leaves no slack for hurricanes, political upheavals, pandemics, and the like. Please read this blog post I did with Professor/Economist Dr. Richard Wolf regarding the who and blame for inflation.
We must exert pressure on our government to influence the Fed to stop screwing the working class with higher and higher interest rates. They did not cause the problem. The corporatocracy did. It’s time to give them an ultimatum, or else.
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