Biden takes the hit for "inflation" ...

[Septua]

..when he did nothing to cause it and corporate America is fueling it.

Still, customers will pay even more for candy bars in 2022 as Hershey aims for even higher profits: “Pricing will be an important lever for us this year and is expected to drive most of our growth,” CEO Michele Buck told investors.

The pandemic, war, supply chain bottlenecks and pricing decisions made in corporate suites have created a “smokescreen”, said Lindsay Owens, executive director of the Groundwork Collaborative, which tracks companies’ profits. That obscures questionable price increases, she added, and allows businesses to be portrayed as “victims”.

“That gray, nebulous area is fertile ground for companies right now, and you hear about it in their earnings calls,” Owens said. “Inflation itself is the opportunity.”

“Shareholders are not interested in seeing anyone be cautious with price increases, and in some cases they’re saying ‘let’s throttle supply, let’s see how far we can take this’,” Owens said.

https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits

[Samrob]

1. Dems need to do better at linking inflation to corporate GOP donors and Trump's love of MBS. nt

[LenaBaby61]

3. They have messaging problems.

Last edited Sun Oct 9, 2022, 07:34 PM - Edit history (1)

[dchill]

2. It's not just infuriating. It's corporate treason.

[LenaBaby61]

4. REALLY THIS 👆🏻👆🏻👆🏻👆🏻

[dchill]

5. Since Reagan, "big business" has been raping and plundering...

...the Constitution and the populace. Because they can. Really, since forever.