Representative Katie Porter pulls out a whiteboard to show how the current ‘inflation’ is simply corporate greed

In the first clip, Porter holds up a chart showing that the main drivers of inflation during the pandemic were the record profits squeezed from Americans by corporations. While we all tightened our belts, the one percenter kept taking and taking. Asked directly about the causes of the rising cost of goods and services Konczal explained that the main “driver” was “corporate profit” which was growing at a staggering 54% rate during the pandemic. But that’s not all: this number continues now, at the same pace. Once you get used to skimming the top, you don’t want to stop!

But as some real lame media will remind everyone, many economists say that corporate profits always rise in times of inflation (which should be a wake-up call about how our economy “works” in the first place venue). Porter does the serious work of asking if this is historically “consistent” with how corporate profits have grown during other periods of inflation.

Konczal replied, “As reflected there, and in other analyses, it is significantly higher in this recovery.” Porter goes on to show exactly how greedy it all is. Business costs of doing business, as well as paying labor (i.e. you and me), are lower than they have been in decades.

Porter then pulls out a chart that shows how, since Ronald Reagan sold out the American working class in order to keep himself in hair pomade, “margins” on goods and services have steadily increased over the years. However, there is a “Top Gun” jump in markups from 2020.


Rep. Porter, doing God’s work here.

On The brief of Daily Koswe speak with the polling giant Drew Linzer who runs the polling agency CIVIQ, comes to talk about a new poll that his team carried out for Daily Kos. It’s also there to explain, as a professional, how not to stress every time you see a survey going your way or the other way. One thing is certain though, we live in historic times and what that means for these mid-terms cannot be easily predicted. Get out the vote!


Rep. Katie Porter whiteboards a big pharma executive about soaring drug prices

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Rep. Katie Porter serves Trump Treasury Secretary Steve Mnuchin his pink slip during the hearing

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