07-29-2022, 08:37 AM
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#20
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,074
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Quote:
Originally Posted by Jim in CT
wholesale inflation was up 11% for june over prior year. lots of companies don’t have profit margins nearly high enough to absorb that.
So as usual, you’re wrong, companies have no choice. Doesn’t mean some arent gouging. but costs of labor and raw goods are way up. that’s going to lead to higher prices in the real world.
also, the feds printed a lot of checks and handed them out to people. That obviously was a catalyst in consumer spending.
if your opposed to corporate profits pete, you should
be angry that both trump and biden mailed big fat checks to lots of people who weren’t impacted one cent by covid.
Posted from my iPhone/Mobile device
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$18,000,000,000
That’s the total profits Exxon Mobil raked in, in just one quarter this year.
The fossil fuel industry doesn’t need another subsidy.
Working families do.
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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