record profits big oil big pharma

The debate was originally about inflation overall. It is the Biden admin which has shifted the conversation from "there is no inflation" to "there is inflation, but it is a good thing" to "inflation is bad, and it's the fault of greedy corporations" to "it is all Putin's fault".
I have never claimed that Biden is the sole reason for the global surge of inflation. For months, spanning many posts in many threads here on PaRD, I have been arguing that his policies have significantly exacerbated the inflation woes. If you're not interested in engaging with actual substantive arguments and prefer to regurgitate your tired talking points, so be it.




"Doubling, quadrupling profits from food prices"

That's not grounded in reality. Take Walmart, as an example for a horrible, greedy, exploitative megacorp which embodies "late stage capitalism":
https://www.nytimes.com/2022/05/17/business/walmart-earnings-inflation.html
https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-profit

Walmart's profit for the February through April quarter is down 0.9% year-on-year, NYTimes says this "drop meant that for the first time in years, Walmart did not meet Wall Street’s profit expectations, an ominous signal for other companies navigating inflation."


The only field where it is at least plausible for your price gouging argument to have merit is gas.

the whole, "look at this one example that i falsely and dishonestly pretend to be representative, and ignore the trend and the substance of the argument" routine is getting old quick:

meanwhile in reality: https://www.forbes.com/sites/errolschweizer/2022/05/10/how-windfall-profits-have-supercharged-food-inflation/

"b-b-but walmaaart!!1!"

read the damn article before setting up your next excuse, corporate bootlicker - it's well supported with statistics and facts, completely debunking your "gas is the only field where price gouging allegations have merit" bullshit.

again, none of this is a huge secret or difficult to research. you CHOOSE to remain ignorant to simp for big corporations because it's politically convenient to blame biden rather than corporate greed. that doesn't make it true though, you desperate hack.

FUCK JOE BIDEN!!!

Fuck every president ever.

https://www.yahoo.com/news/justice-dept-braces-summer-violent-115309508.html

prepare for a summer of peaceful protests, say the administration that told us inflation didnt exist, and if it did exist it would be transitory but would also be here for a long time

you never replied to this. too embarrassing and obvious how wrong you were, huh?

You posted an article which reads like a Democrat campaign flyer from start to finish and culminates in the author's call to pass two key legislative priorities of Democrats. It's full of loaded language like "prices rose 23%, but profits soared by 48% *gasp*". Yeah, no shit, profits are not a linear function of revenue. Also: isn't it strange how all these corporations are supposed to have increased their profitability manyfold while stock markets, instead of going up, contracted by 15% over the past 6 months (the first longer-term contraction of the stock market in 14 years)*?



Take your damn pills!








*Note that the contraction already started in January, over a month before the start of the war in Ukraine!

This post was edited by Black XistenZ on Jul 4 2022 09:54pm

it's so pathetic that even when you're proven dead wrong (by publicly available stats that you can read without ANY further comment) about something (your moronic claim that gas prices were the only thing where price gouging allegations held merit), you simply can't admit it.
you just resort to crying about the tone of the article reporting those FACTS, and try to move the goal post again (from the food industry to the whole stock market) - just to avoid the basically undisputed (by serious and reasonable people who don't suffer from extremely fragile egos that would crumble if they ever admitted to being wrong) observation that many industries use the current supply chain issues as an excuse to disproportionally increase prices, while at the same time boasting record profits to their shareholders (also easily available information)...

how do you ever expect to be taken seriously if you can't even own up to such blatantly obvious things? absolutely pathetic really...

meanwhile in bidens murica, recession, crime, fuel and food shortages, exploding prices and the chinese grab some land



lets go brandon