Corporate CEO's are being paid record amounts and corporate profits are at record highs even as they say they need to raise prices to keep up. I see a lot of greed😥
@@heemlo649 Do you understand that 'inflation' can be caused by multiple things, especially monopolies that control the market and are very greedy. The VAST majority of the 'Inflation' is actually 'Greedflation' being deliberately perpetrated by the Conglomerates that control the markets. Example, Beef in the US is provided by a grand total of 3 major meat producers even though there are over 30 'brands'... all of whom are posting RECORD revenue AND PROFITS all the while crying about inflation on their supply chain.. yet they are posting record profits and showing lower production costs in their quarterlies... That's called gouging the consumer and causes inflation.
FZ didn't say anything about the new jobs for Americans generated by the infrastructure bill and inflation reduction act. Americans are being paid to make necessary, overdue repairs. These are well-paying jobs. He fails to mention profit-driven inflation went from 11% pre-COVID to 53% currently. That's companies taking advantage of inflation to increase profits. He didn't talk about the recovered and created 600K manufacturing jobs.
True, tariffs on Harley Davidsons, bourbon, washing machines, solar panels and raw materials like steel and aluminum are contributing to inflation. But the Bureau of Labor Statistics' most recent numbers (March 2024) identify auto insurance, rent and housing as the three biggest contributors to inflation. I'm not sure how people getting into accidents, landlord greed and homeowners selling their homes are affected by tariffs. Also, Biden did roll back some of the tariffs on steel and aluminum imports from Europe.
So why is he not taking action on price fixers? Why is he maintaining 27% tax on BYD cars import??? Why did he spent10T in 2 years, shut down everything and then open economy with zero interest??? Lol
True.. In California , I used to fill up my old Toyota Camry gas tank for $30 in 2019. Everything changed since Bye Den and his Climate Change hoax masters hijacked our Elections in 2020.
It was pointed out: his trade tariffs on China. As economist point out, a modest liberalization of trade could knock 1.3% off inflation from its current 3.5%, essentially achieving the feds target of 2.1%. And yes, Biden shares some blame, he’s kept those tariffs in place to boost domestic manufacturing and climate policy. Me personally, I don’t have a problem with this. We needed to manufacture more things here to insulate us from the volatility in the Chinese manufacturing sector (remember when we ran low on PPE early in the pandemic), and I knew as a result inflation would be higher for longer and planned for it. 🤷♂️
And the DJI is the highest it's ever been. What's wrong with this picture? Prices are absurd. Tent cities are growing. So are home prices and apartment rents. And it just gets worse. Whoever becomes the next president will be blamed for however it ends. Why anyone wants to be president is beyond me.
That's not how it works. Prices rise to the point where profit is maximized and if they rise too high, then profits will decrease. With few exceptions, it''s consumers who drive inflation.
No Zakaria. The largest expense for Americans and largest part in the inflation Fed reserve inflation index is shelter. The cost of homes, insurance, property taxes and rent has skyrocketed to grotesque levels. Increases in general consumer goods is uncomfortable, but extreme increases in shelter is downright disastrous.
1400 Companies in America increased prices because of all of the pandemic spending by the US Government and putting more money in people's hands. When Corporate America knew that people had more money to spend they just increased prices just for the hell of it.. Remember what Bernie Sanders stated Corporate America had the highest profits ever in the US history during the pandemic and after. At least %50 of inflation was from Corporate America.
Three resources are connected to the manufacture of goods and services. Oil, gas and electricity. These energy resources have doubled in cost. Everything has gone up due to these three.
What do we do about price gouging by corporations and the inflation of corporate profits and CEO pay? Those things are causing out of control inflation
If you think a company is "price gouging," then don't buy their product. Otherwise stop crying, their costs have gone up, so they will pass that cost on to you and maintain their current level of profitability and try to grow it at the same time.
There were dozens of armed conflicts while Trump was in office. Interest rates are a factor of inflation. Economy was booming before he took office. Domestic energy was booming before he took office. These aren't things he did but are rather things he didn't screw up.
the problem are company's they make huge profits and the 0.5 percent of the richest earn huge amounts of cash. in the netherlands they raised the minimum wage and they also send once a year compensation for the high energy prices. company's and the richest should pay a lot more. and the minimum wage should increase a lot too.
That's just not true. They've investigated the companies they claimed were doing that and found nothing. You're of course going to have record profits when the dollar isn't worth a much and making products costs more.
I think we should all send our grocery receipts to President Joseph Biden, 1600 Pennsylvania Avenue NW, Washington, DC 20500. He's been the President for over three years now. This problem is obviously his and he failed miserably.
Globalization helped keep inflation low for the past 20 years. Now it is reversing as geopolitics cloud economic sense. Inflation and interest rates will stay high. US debt problem will get worse.
I see many people blame "corporate greed" for inflation. As if corporations weren't greedy 5 years ago. It's actually backwards. Corporate profit is an effect of inflation, not the cause. Corporations perform better in high inflation environment precisely because they are greedy. They are much more efficient at driving up prices and suppressing their cost than the average person. Deficit spending pump large amount of money into circulation while COVId shut down the global economy. Inflation was inevitable. Now the tariff just makes it so much harder to restart the global economy. These are just some very basic concepts economists have been saying for years. The irony is that poor people tend to turn to nationalism and protectionism when they struggle in life, yet these policies usually hurt poor people the most.
The tariffs have been a net bad, but I don't think they are causing current inflation. Tariffs should add a one time bump in the inflation rate, not continue a high rate after the tariffs have already caused the price increases.
Not prosecuting theft from stores drives up inflation because the cost of the stolen merchandise and the increased security measures gets passed on to law abiding customers. You can thank Democrats for that
Fareed Zakaria exposed his extreme ignorance of the causes of inflation. Congress passes spending bills, not presidents. Presidential administrations spend the money that by law Congress has allocated. Between January 2020 and June 2022, the Federal Reserve Bank increased the money supply by $6 trillion--a 41% increase--by just creating extra money! That and the spending bills is what created inflation. The tariffs were just a very small fraction of the total.
Fareed, for the last 2+ years, continues to ignore the continuing "record profits" officially reported over the majority of the last almost 7 quarters in the food and oil sectors. Producer price index peaked in June 2022, yet inflation remains sticky but Fareed never mentions this? It's greedflation officially!
Are you serious? Duh! if there’s more money in circulation, more people shop at companies and CEO’s make more money. This is the government’s doing nut job
Gas was low because a literal gas war between Saudi Arabi and Russia, one which Biden threatened Saudi Arabi to stop... which increased the price of Gas
Salads are highway robbery from dominos, just get a large 1 topping at $7.99 comes to like $8.75 give or take based on tax. That said it is a deal for carryout only
What we need is for Americans, both conservatives and libs, to get the money out of politics and impose term limits. No politician is going to fix campaign financing. We have to do it.
@@ElleGen That will never happen. Too busy worrying about culture wars instead of the true emerging threats to the majority of us which are economic and which both parties keep in place.
@@wifiphone1032truth be told, it is on both, but more on Trump since Biden is still having to deal with an ineffective Congress. I mean it's not like anything really went on 2016 to 2020 other than watching Trump try to sell America and his followers parading like it was golden.
ig, but its more the amount of bills being printed along with increased taxes, lack of involvement by the government, and the amount they spend on broke a ss countries
Trumps COVID relief was necessary in 2020. The Covid relief in 2021 should not have been done because we had the vaccine and most of the PPP went to rich people. Even Tom Brady got an interest free loan
But he didn’t import 20 million people to compete with us for goods and services plus housing while at the same time increasing gas cost especially with the latest conflicts we inherited from other countries
Remember that nothing happens instantly. Often the next president deals with what the previous president did. This is a natural truth. Trump was crap and we are dealing with it now. Please learn how bad times created a lot of issues. Pandemic was it. So with the history of our spending comes from neglect of independence our economy to china is a big piece
Blocking the Keystone XL pipeline, which started during the Obama administration, and Trump pulling out of the PPP are two huge factors that eventually led to the inflation we have today.
Inflation has stated bad because of the behavior of the Progressives... the constant printing and dissemination of national debt is killing our economy.
Democrats!- all they want to do is raise our wages, protect our jobs, create cheaper/better healthcare, safeguard social security and protect the environment from greedy corporations -sheesh, don’t get me started. So glad for Republicans who give huge tax breaks to billionaires at the expense of social programs, ban books, give corporations more rights than people, hate on the more vulnerable and make sure the government controls women's bodies - what a fun political party! (written in the sarcasm font)
Yes the tariffs are a tax, and it is bad for inflation, however one of the biggest problems is still the war in Ukraine, and the Republicans not allowing the weapons from the US to be delivered. With the billions of dollars in aid to Ukraine, the economy would be stimulated further, and that has a follow-on to the inflation rate. In the long term tariffs cannot work on the world economy, other markets will take up cheaper exports from China, at a cost to the US.
Wages are also outpacing inflation and in a global economy what happens in the world effects US and whole world economy is inflationary: US is doing better economically than ANY other country
Sadly the political goals are costing Americans! True, in the last 3 decades it trained the consumers to shop smarter though the retail biz collapsed except the air fares are faking price hikes with pseudo sell outs! Also the good thing was the manufacturing costs are done effectively with less wastes. Sometimes the adversity brings a bright side but now the Leaders should optimize these theories with the help of the smart economists to beat the inflations and working great for the economies! As a biz woman in the garment trade when the retail marks up 3 times just for greed knew it was matter of time and this was 20 years ago and the manufacturers declined to believe then and see how they had to downsize today.
At the end of the Trump term, we were moving forward with an 8% rate of growth and a 1.4% rate of inflation. All of the runaway inflation that we see today making it hard for Americans to make meat is the result of actions by President Biden.
@@badluck5647 I just don't feel like enough time is spent talking about corporate greed inflating prices. It's all facts, but imo it seems like any context outside of policy is a blind spot for this dude.
Lowering interest rate increases the money supply. Every time a bank makes a loan, it literally creates money. If you lower interest rates it stimulates increases in the money supply. That means every dollar decreases in value - Inflation. The Federal Reserve primary control on inflation is regulating interest rates to regulate the money supply.
@@vinceena I'm sure he would. Fortunate we don't live in a dictatorship (for now) where presidents determine banking and monetary policy based on purely political reasons. Countries like Venezuela have tried that with disastrous results like hyperinflation. You do understand that lowering interest rates runs up the printing presses injecting even more dollars into the economy? I believe the term for that is inflation, the thing that people are complaining about these days.
@@dmac7128 Look I don’t like dictatorships any more than you do. I am talking about corporate greed. Where credit cards have gone to 30 percent from 12 percent Stick to the basics. People need relief.
@@ClydeB1 No I did not. I was merely refuting your first post. I do not blame the former administration for the global pandemic or the many American lives lost. Some things he did right during the pandemic and some things he did wrong. One thing is for sure. Everyone was Not doing good financially.
I’ve been pointing to the inevitable inflationary wholesale and retail knock-on effect of those tariffs since they were first imposed by Trump. And here we are. Inflation.
@@anthonywilson4181 - there a delay based on how long it takes for existing inventories to be drawn down. And thanks to the fumbled response managing affairs in 2020, the economy slowed WAY down, thus pushing the inevitable knock-on effects into the next administration as the economy finally rebounded under steady leadership.
@@BooksForever cost-push inflation driven by bad fiscal policy such as energy regulation and labor cost. Also demand-pull inflation driven by consumer borrowing (credit card debt) also unchecked federal spending pumping unearned cash into a fragile economy. The national debt now exceeds $34 trillion.
Fareed got it totally wrong this time. He might be an expert in geopolitics but his lack of economic background shows. No, inflation is NOT APPRECIABLY affected by the tariffs of the Trump and Biden administrations. The main driver is monetary policy, instead.
*My friend, Sen. Bob Menendez, had a sweet deal with a Turkish kebab shop owner in New Jersey named Cenk Uygar, where Bob organised the import of live mules from Egypt for Cenk to put in mule-meat kebabs, in return for gold bars. But then Trump put tariffs on the live mule imports and the whole deal collapsed. A tragedy Fareed* 😢🫏🔪🥙
I'm acanadian, where costs (food in particular) have skyrocketed. I was just in California and was shockex by how expensive food is there. I don't know how Californians are feeding their families. It's BS!
If inflation is a hidden tax on the public which is unconstitutional then why aren't companies facing any consequences? Should a profit cap be legislated?
@@seanmccartney5177 the businesses raise prices to collect more money that is being circulated through the economy so they're in lockstep with the Fed and the Fed only records the rate of inflation. It's about consolidating power, there's three classes of nations and America is working it's way to 3rd
If we rise the tax the consumption we encourage not to spend more. If you low tác the product cost will low you purchase more. If you raise the price of the product and you make less monies you will buy less items if you low the price of products you can buy the product with less monies and you have extra left over from monies you can choose for saving
One thing you left out. Capitalism. Consumers that flock to stores selling goods at higher prices instead of finding the same goods at less expensive stores. Buying fresh veggies from farmers markets instead of Costco…. But… playing political blame games in election years is an expected thing to do. Finding the cheapest gas in your area instead of buying from the place you always go. Consumer reluctance to competitively shop… allows greedy corporations to thrive. Prices will come down… if stores lost their customers.
The 80-90-2000-2010 had the best year of the costumers. Being dependent in manufacturing for that long, comes back and hits you hard. In the 80-s there were 15-16 big food distributors. Check it out now. And that's just the food industry. Company greed is tearing up the common man. Wall Street, Shareholders, Bitcoin is doing this. Where is Teddy Roosevelt at with his baseball bat.
Can we have more Fareed commentary on a regular basis? This was a great analysis. 😊
You like it when Trump is blamed for Biden's failures, don't you ?
But i thought Bidenomics? 🤣
Stop letting cnn tell you what to think
@@johnsolberg5611 it was a joke
Dementia Joe has no idea what is happening 😂
@@baby_boi123Trump called Nikki Hayley Nancy Pelosi 😂
@@baby_boi123 Trump fell asleep in court for long periods. "Sleepy Joe?" eh? It's ALL projection!!
Corporate CEO's are being paid record amounts and corporate profits are at record highs even as they say they need to raise prices to keep up. I see a lot of greed😥
Do you even understand the basic concept of inflation?? Everything is going to be at a record high when the money is worth less.
I don’t think it is causing the inflation but even if it did Biden won’t change a thing since his friends are benefiting
@@heemlo649 Do you understand that 'inflation' can be caused by multiple things, especially monopolies that control the market and are very greedy.
The VAST majority of the 'Inflation' is actually 'Greedflation' being deliberately perpetrated by the Conglomerates that control the markets. Example, Beef in the US is provided by a grand total of 3 major meat producers even though there are over 30 'brands'... all of whom are posting RECORD revenue AND PROFITS all the while crying about inflation on their supply chain.. yet they are posting record profits and showing lower production costs in their quarterlies... That's called gouging the consumer and causes inflation.
Oh shut up
Not the main issue
Crazy how Biden can never be criticized without including Trump. Media is such a joke.
Especially when inflation was at 1.4 percent when the potato was installed
If they both did the same thing, why shouldn't both be included? They were Trump's tariffs
@@harryfarber6435Because Trump's $9 trillion in deficit spending had nothing to do with inflation when the economy opened back up?
Exactly. Most of the Dems on here are the same way.
FZ didn't say anything about the new jobs for Americans generated by the infrastructure bill and inflation reduction act. Americans are being paid to make necessary, overdue repairs. These are well-paying jobs.
He fails to mention profit-driven inflation went from 11% pre-COVID to 53% currently. That's companies taking advantage of inflation to increase profits.
He didn't talk about the recovered and created 600K manufacturing jobs.
At least he's being objective and not praising Biden.
WHO CARES WHAT HE SAYS THAT'S WHY HE COMES ON ON THE WEEKENDS WHEN AIN'T NOBODY AT HOME 🏡 WATCHIN' THE NEWS 😂😅😂
Corporate greed always increases inflation. Do a story on that.
It’s as if capitalism is an inherently corrupt system🏴
Sure. Wanna talk about the workers price gouging their labor costs which caused corporations to pass these costs onto us?
Because Trump and Biden increasing the money supply by 25% in 2 years had nothing to do with higher prices.
Starting with the oil companies.
Fake news pushing the corporate greed narrative is total bs. Inflation is solely caused by excessive money printing.
And this: why is a 4% drop in manufacturing " dramatic" while 4% unemployment is "tiny"?
True, tariffs on Harley Davidsons, bourbon, washing machines, solar panels and raw materials like steel and aluminum are contributing to inflation. But the Bureau of Labor Statistics' most recent numbers (March 2024) identify auto insurance, rent and housing as the three biggest contributors to inflation. I'm not sure how people getting into accidents, landlord greed and homeowners selling their homes are affected by tariffs. Also, Biden did roll back some of the tariffs on steel and aluminum imports from Europe.
So why is he not taking action on price fixers? Why is he maintaining 27% tax on BYD cars import??? Why did he spent10T in 2 years, shut down everything and then open economy with zero interest??? Lol
Yeah it’s a few tariffs that caused all of it. Not the $4T increase in the money supply by the Feds to pay for Bidens spending
How Trump hiked up inflation? You have to be kidding, the average inflation rate under Trump was averaging 1.9%, quit lying like you always do!
True.. In California , I used to fill up my old Toyota Camry gas tank for $30 in 2019. Everything changed since Bye Den and his Climate Change hoax masters hijacked our Elections in 2020.
Joe biden's energy policy and stupid russian sanctions caused world inflation.
It was pointed out: his trade tariffs on China. As economist point out, a modest liberalization of trade could knock 1.3% off inflation from its current 3.5%, essentially achieving the feds target of 2.1%. And yes, Biden shares some blame, he’s kept those tariffs in place to boost domestic manufacturing and climate policy. Me personally, I don’t have a problem with this. We needed to manufacture more things here to insulate us from the volatility in the Chinese manufacturing sector (remember when we ran low on PPE early in the pandemic), and I knew as a result inflation would be higher for longer and planned for it. 🤷♂️
Notice how cnn deleted my biden sanctions comment, thats them the other comment.
@@bernardwylie9760that didn’t cause as much inflation as bidens energy policies
And the DJI is the highest it's ever been. What's wrong with this picture? Prices are absurd.
Tent cities are growing. So are home prices and apartment rents. And it just gets worse.
Whoever becomes the next president will be blamed for however it ends. Why anyone wants to be president is beyond me.
Well they all want to e president to line their pockets but Trump donated his salary
It wasn't COVID that did this, it was this current administration that did this, he killed the keystone pipeline and caused more horrors.
FJB and his few supporters
Is the greedy corporations refusing to lower prices after they saw the pandemic profits
It’s as if capitalism is an inherently corrupt system.
That's not how it works. Prices rise to the point where profit is maximized and if they rise too high, then profits will decrease. With few exceptions, it''s consumers who drive inflation.
Lmao, everyone wants to make money homie. If wanting to make money is so bad, blame the workers who price gouged their labor costs first🤣🤣🤣.
That pandemic sure was conveniently timed.
Greed is not new. You are experiencing Bidenomics. Hold on to your wallet.
Of course you have to tie Biden on Trump's heels
No Zakaria. The largest expense for Americans and largest part in the inflation Fed reserve inflation index is shelter. The cost of homes, insurance, property taxes and rent has skyrocketed to grotesque levels. Increases in general consumer goods is uncomfortable, but extreme increases in shelter is downright disastrous.
1400 Companies in America increased prices because of all of the pandemic spending by the US Government and putting more money in people's hands. When Corporate America knew that people had more money to spend they just increased prices just for the hell of it.. Remember what Bernie Sanders stated Corporate America had the highest profits ever in the US history during the pandemic and after. At least %50 of inflation was from Corporate America.
Three resources are connected to the manufacture of goods and services. Oil, gas and electricity.
These energy resources have doubled in cost. Everything has gone up due to these three.
Yep. That and higher wages
Bye Den's Ukraine Fiasco!
@@bobcob3362 Yep. Tat and higher cost of goods
@@kkartha thats a lot to unpack
You keep saying"ask consumers ti pay more" as if consumers had a choice.
You don't think there is price fixing? The grocery stores?? Gasoline? Robert Reich and Bernie Sanders believe greed, monopolies are a big problem.
JOE!!! BIDENONMICS...............nuffsed
What about the phenomenon known as price gouging. Pathetic excuses for corporate greed. How about some real muckraking.....
The modern Democrat motto: when something goes wrong, blame Trump and stop asking questions.
What do we do about price gouging by corporations and the inflation of corporate profits and CEO pay? Those things are causing out of control inflation
How is that price gouging? If gas goes up, it cost more to transport goods. Quit listening to the media.
😂😂😂
Maybe 10 million illegal consumers with payouts from the govt are driving up demand and the cost of goods? Duh.
If you think a company is "price gouging," then don't buy their product. Otherwise stop crying, their costs have gone up, so they will pass that cost on to you and maintain their current level of profitability and try to grow it at the same time.
@@zalronwow7222 Oh sure, those CEOs need to be paid 300 times more than their average workers.
Not buying it CNN
Trump🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇮🇱🇮🇱❤️❤️❤️❤️
THey lie
Biden's sanctions and energy policy causing world inflation.
They got the price of Insulin down from over $200 to $35...
It takes like a dollar to produce...
It's called "price gouging"!
“Trump & Biden” 😂😂😂😂😂
Few tangible achievements??? no wars, low interest rates, booming economy, domestic energy
There were dozens of armed conflicts while Trump was in office. Interest rates are a factor of inflation. Economy was booming before he took office. Domestic energy was booming before he took office.
These aren't things he did but are rather things he didn't screw up.
All that while fighting off the Russia Russia Russia hoax and lies ...pushed 24/7 by the likes of MSM CNN MSNBC FBI
The Obama administration handed the Trump administration a good economy. An economy that was in a free fall because of Bush.
@JimWebbJax armed conflicts and straight up wars are different.
That was TRUMP and thats why I am going for him
the problem are company's they make huge profits and the 0.5 percent of the richest earn huge amounts of cash. in the netherlands they raised the minimum wage and they also send once a year compensation for the high energy prices. company's and the richest should pay a lot more. and the minimum wage should increase a lot too.
Excessive printing of money is the sole cause of inflation
That's just not true. They've investigated the companies they claimed were doing that and found nothing. You're of course going to have record profits when the dollar isn't worth a much and making products costs more.
@@twesj Who are "they?"
Skipped raised taxes by Joe Biden. Why skipped it out?
@@ElleGen the federal government. I believe it was the treasury department.
I think we should all send our grocery receipts to President Joseph Biden, 1600 Pennsylvania Avenue NW, Washington, DC 20500. He's been the President for over three years now. This problem is obviously his and he failed miserably.
The words re-election and Biden can’t be used in the same sentence..
Inflation right now is the result of price gouging by the few large corporations that control all of the goods we buy and make billions in profits.
Corporate Greed
Globalization helped keep inflation low for the past 20 years. Now it is reversing as geopolitics cloud economic sense. Inflation and interest rates will stay high. US debt problem will get worse.
I see many people blame "corporate greed" for inflation. As if corporations weren't greedy 5 years ago. It's actually backwards. Corporate profit is an effect of inflation, not the cause. Corporations perform better in high inflation environment precisely because they are greedy. They are much more efficient at driving up prices and suppressing their cost than the average person.
Deficit spending pump large amount of money into circulation while COVId shut down the global economy. Inflation was inevitable. Now the tariff just makes it so much harder to restart the global economy. These are just some very basic concepts economists have been saying for years.
The irony is that poor people tend to turn to nationalism and protectionism when they struggle in life, yet these policies usually hurt poor people the most.
The tariffs have been a net bad, but I don't think they are causing current inflation. Tariffs should add a one time bump in the inflation rate, not continue a high rate after the tariffs have already caused the price increases.
And where did you plagiarize that from?
Not prosecuting theft from stores drives up inflation because the cost of the stolen merchandise and the increased security measures gets passed on to law abiding customers. You can thank Democrats for that
Very elaborate explanation, but near MONOPOLIES, CORPORATE GREED, and PRICE GOUGING are very real and happening all around us every day.
Were they not happening 5 years ago?
Trump lives rent free in CNn head
The light bill is due
He is running for president.
Should he not be covered?
If he would go away we would only talk about him once a year.....can you guess what day that would be?
Fareed Zakaria exposed his extreme ignorance of the causes of inflation. Congress passes spending bills, not presidents. Presidential administrations spend the money that by law Congress has allocated. Between January 2020 and June 2022, the Federal Reserve Bank increased the money supply by $6 trillion--a 41% increase--by just creating extra money! That and the spending bills is what created inflation. The tariffs were just a very small fraction of the total.
Fareed, for the last 2+ years, continues to ignore the continuing "record profits" officially reported over the majority of the last almost 7 quarters in the food and oil sectors.
Producer price index peaked in June 2022, yet inflation remains sticky but Fareed never mentions this?
It's greedflation officially!
Are you serious? Duh! if there’s more money in circulation, more people shop at companies and CEO’s make more money. This is the government’s doing nut job
Be patient, this is a very difficult time of record breaking profits.
Fareed is brilliant.
Said no one ever.
Just remember under President Trump, we had no new wars and gas was low. Jobs were great and except for the haters most people got along pretty good.
Correct me if I'm wrong, but the last time Trump was president, God visited a plague on all our houses.
Gas was low because a literal gas war between Saudi Arabi and Russia, one which Biden threatened Saudi Arabi to stop... which increased the price of Gas
Who are we at war with?
Which country gets the most benefit from globalization? Yes, of course, China.
"Inflation is a good thing." President Joe Biden
It cost me $40 for a medium pizza and a salad from dominos yesterday. That’s where I get mad
You should learn how to cook.
You could make a pizza from scratch in the time it takes to wait for someone else to do it for you.🤔
@@Acer_Maximinus yeah not a bad idea. I actually know how to cook pizza but I would rather be a lucky, lazy American and order delivery.
GO ON A DIET THEN 😂😅😂
Salads are highway robbery from dominos, just get a large 1 topping at $7.99 comes to like $8.75 give or take based on tax. That said it is a deal for carryout only
bro is this regular price in the US
The most important that will reduced the inflation is OIL. If you US will be self sufficient in oil in US, the inflation will be tamed.
The VAST majority of the 'Inflation' is not actually inflation, it's *Greedflation* being caused by companies and CEO paychecks.
Greedy food producers are putting up prices!
LOL😂😂More like Biden the Greedy !!!
@@G4LIF3 So.... Biden is putting up prices so he can cause himself electoral problems? You are so illogical!
Don't forget about price gouging and supply chain issues.
How are you blaming Trump for everything? Biden has been office for almost 4 years.
Facts don't care about your emotions. Let's face it, they both suck. We need an executive sea change.
What we need is for Americans, both conservatives and libs, to get the money out of politics and impose term limits. No politician is going to fix campaign financing. We have to do it.
@@ElleGen That will never happen. Too busy worrying about culture wars instead of the true emerging threats to the majority of us which are economic and which both parties keep in place.
Life was better under Trump .. but this media told you the opposite while they were crazy
CNN says china was a close ally 😅😅
OK ruskie!
When?
@@albatros12 Ukrainian bot.
@@club4ghz
Ok Vladolf. Time to get a job little traitor kid!
@@albatros12 You're not even our allies. You're a proxy Volodymyr.
Still trying to blame trump no matter what.
They were Trump's tariffs. Who else should they blame?
@Pennywisethefancyclown trump had had nothing to do with any policies for almost 4 years keep dreaming.
Only Biden not Trump
Trump not Biden
@@josephcraig9655 TRUMP ONLY FOR PRES
@@josephcraig9655 reverse the order you have the names then it would be factual
@@wifiphone1032truth be told, it is on both, but more on Trump since Biden is still having to deal with an ineffective Congress. I mean it's not like anything really went on 2016 to 2020 other than watching Trump try to sell America and his followers parading like it was golden.
Its not inflation its Greed that’s it more money to Share holders
ig, but its more the amount of bills being printed along with increased taxes, lack of involvement by the government, and the amount they spend on broke a ss countries
Mostly false
Trump signed a total of $8.3T into circulation too. Lets not forget that effect.
Covid relief then BIDEN went on for 3 years to do more ..BIDENOMICS and ENERGY ASSAULT..Im done with all that crap
Let's not forget about the pandemic too, seeing how everything was good until the pandemic happened, that pretty much speaks for itself.
Trumps COVID relief was necessary in 2020. The Covid relief in 2021 should not have been done because we had the vaccine and most of the PPP went to rich people. Even Tom Brady got an interest free loan
But he didn’t import 20 million people to compete with us for goods and services plus housing while at the same time increasing gas cost especially with the latest conflicts we inherited from other countries
Right
Prices are going up not because of tariffs and not because of increased wages but because the government allows them to go up.
100% joe
Remember that nothing happens instantly.
Often the next president deals with what the previous president did.
This is a natural truth.
Trump was crap and we are dealing with it now.
Please learn how bad times created a lot of issues.
Pandemic was it.
So with the history of our spending comes from neglect of independence our economy to china is a big piece
Yea, trump is to blame for everything. I bet you use that excuse for all of your failures in life.
Why bring up Trump hasnt been in office almost 4 yrs
And you still have no fucking clue how Modern Monetary Theory changes things.
Fareed is kookier than Cocoa Puffs.
Blocking the Keystone XL pipeline, which started during the Obama administration, and Trump pulling out of the PPP are two huge factors that eventually led to the inflation we have today.
What a stupid question , why has inflation persisted ? It's no mystery...IT'S CALLED GREED !
Inflation has stated bad because of the behavior of the Progressives... the constant printing and dissemination of national debt is killing our economy.
It’s called the feds and Biden paying for 2 wars
Blaming Trump for Bidens inflation?
Biden didn’t bumble COVID like your hero Trump did 😷
Thank you Fareed.
Solution: Buy less,
America is capitalism stupid
Democrats take the fun out of living
It's crazy that half of usa is mentally challenged and those handicapped people watch cnn for news lol
They hate America and Americans
Democrats!- all they want to do is raise our wages, protect our jobs, create cheaper/better healthcare, safeguard social security and protect the environment from greedy corporations -sheesh, don’t get me started. So glad for Republicans who give huge tax breaks to billionaires at the expense of social programs, ban books, give corporations more rights than people, hate on the more vulnerable and make sure the government controls women's bodies - what a fun political party! (written in the sarcasm font)
Yes the tariffs are a tax, and it is bad for inflation, however one of the biggest problems is still the war in Ukraine, and the Republicans not allowing the weapons from the US to be delivered. With the billions of dollars in aid to Ukraine, the economy would be stimulated further, and that has a follow-on to the inflation rate. In the long term tariffs cannot work on the world economy, other markets will take up cheaper exports from China, at a cost to the US.
Fareed is 100% right. Don't forget collective bargainings and minimum wage laws.
Wages are also outpacing inflation and in a global economy what happens in the world effects US and whole world economy is inflationary: US is doing better economically than ANY other country
And Trump? 😂😂😂😂
00:40 That's a fucking lie.
Sadly the political goals are costing Americans! True, in the last 3 decades it trained the consumers to shop smarter though the retail biz collapsed except the air fares are faking price hikes with pseudo sell outs!
Also the good thing was the manufacturing costs are done effectively with less wastes. Sometimes the adversity brings a bright side but now the Leaders should optimize these theories with the help of the smart economists to beat the inflations and working great for the economies!
As a biz woman in the garment trade when the retail marks up 3 times just for greed knew it was matter of time and this was 20 years ago and the manufacturers declined to believe then and see how they had to downsize today.
Sorry Fareed, you are wrong. I would love to debate you on this.
Fareed lies today huge
I wouldn’t.
At the end of the Trump term, we were moving forward with an 8% rate of growth and a 1.4% rate of inflation. All of the runaway inflation that we see today making it hard for Americans to make meat is the result of actions by President Biden.
BS
❤❤❤Vote Mr. Rfk jr. With VP. Nicole for bringing peace with prosperity at home America...
BIDEN DID IT 😮
I feel like this dude gets so close to a point every time and just decides to get it wrong on purpose
What facts are you disputing?
@@badluck5647 I just don't feel like enough time is spent talking about corporate greed inflating prices. It's all facts, but imo it seems like any context outside of policy is a blind spot for this dude.
What does have to do with lowering interest rates to buy. A house or a car.. lower the rate
Lowering interest rate increases the money supply. Every time a bank makes a loan, it literally creates money. If you lower interest rates it stimulates increases in the money supply. That means every dollar decreases in value - Inflation.
The Federal Reserve primary control on inflation is regulating interest rates to regulate the money supply.
@@dmac7128 I bet Trump would disagree.They will never get the interest rate to 2 percent.So it is 2.49,now. It is time..
@@vinceena I'm sure he would. Fortunate we don't live in a dictatorship (for now) where presidents determine banking and monetary policy based on purely political reasons. Countries like Venezuela have tried that with disastrous results like hyperinflation. You do understand that lowering interest rates runs up the printing presses injecting even more dollars into the economy? I believe the term for that is inflation, the thing that people are complaining about these days.
@@dmac7128 Look I don’t like dictatorships any more than you do. I am talking about corporate greed. Where credit cards have gone to 30 percent from 12 percent Stick to the basics. People need relief.
I think they meant to only say Biden, because trump never raised inflation.
Raise inflation???
Good try but no cigar
😂😂 Trump didn’t cause inflation ya dope.
When Donald was president inflation was very low and everyone was doing good financially. As always you're blaming the wrong guy!
Was everyone doing good in the middle of 2020? I highly doubt that.
@@hanshansen3885pandemic?
He had no control over what happened towards the end of 2019/20 You're really blaming what happened with the vi** on him?
@@bobcob3362Exactly! He's talking as if Donald was the one who unleashed that upon the world.
@@ClydeB1 No I did not. I was merely refuting your first post.
I do not blame the former administration for the global pandemic or the many American lives lost. Some things he did right during the pandemic and some things he did wrong.
One thing is for sure. Everyone was Not doing good financially.
CNN: “We’re Card Carrying Democrats, and It Shows!”
Cry harder, comrade.
@@xiaokaYou know I’m from OHIO and a HONORABLY DISCHARGED ARMY NATIONAL VETERAN, right? Get back with me when you decide on your weekly “gender”!
Not so honorable from the sound of it comrade. Let me guess, you support that guy who wears make up and high heels who fellates Putin?
@@evolutionistheflyingspaghe2702😂😂😂😂😂😂😂😂
you are so right
I’ve been pointing to the inevitable inflationary wholesale and retail knock-on effect of those tariffs since they were first imposed by Trump. And here we are. Inflation.
Lol 😆 🤣 😂 😹 😆
@@Judas505 So, your laughter confirms that you don’t understand how tariffs work. Sad.
Take an economics class, inflation never exceeded 1.9% under trump.
@@anthonywilson4181 - there a delay based on how long it takes for existing inventories to be drawn down. And thanks to the fumbled response managing affairs in 2020, the economy slowed WAY down, thus pushing the inevitable knock-on effects into the next administration as the economy finally rebounded under steady leadership.
@@BooksForever cost-push inflation driven by bad fiscal policy such as energy regulation and labor cost. Also demand-pull inflation driven by consumer borrowing (credit card debt) also unchecked federal spending pumping unearned cash into a fragile economy. The national debt now exceeds $34 trillion.
Thanks for the lying corporate stooge perspective!
So discouraging smh we need relief. The world is in chaos. Definitely praying 🙏🏾
😆😆😆Wow.. Are they seriously blaming TRUMP for Inflation. He's not the President 🤣🤣🤣🤣
Fareed got it totally wrong this time. He might be an expert in geopolitics but his lack of economic background shows. No, inflation is NOT APPRECIABLY affected by the tariffs of the Trump and Biden administrations. The main driver is monetary policy, instead.
what about meat? we don't import that.
*My friend, Sen. Bob Menendez, had a sweet deal with a Turkish kebab shop owner in New Jersey named Cenk Uygar, where Bob organised the import of live mules from Egypt for Cenk to put in mule-meat kebabs, in return for gold bars. But then Trump put tariffs on the live mule imports and the whole deal collapsed. A tragedy Fareed* 😢🫏🔪🥙
I'm acanadian, where costs (food in particular) have skyrocketed. I was just in California and was shockex by how expensive food is there. I don't know how Californians are feeding their families. It's BS!
If inflation is a hidden tax on the public which is unconstitutional then why aren't companies facing any consequences? Should a profit cap be legislated?
A profit cap would be nice, but Congress is bought and paid for.
We need campaign finance reform. No politician will do it, either. Americans have to.
I Agree but does cost of business have any merit as it pertains to price of goods?
@Schlemiel-Team-Six so you are in favor of monopolies?
@@seanmccartney5177 the businesses raise prices to collect more money that is being circulated through the economy so they're in lockstep with the Fed and the Fed only records the rate of inflation. It's about consolidating power, there's three classes of nations and America is working it's way to 3rd
@Schlemiel-Team-Six I have more purchasing power amongst the BRICS nations than I do domestically.
If we rise the tax the consumption we encourage not to spend more. If you low tác the product cost will low you purchase more. If you raise the price of the product and you make less monies you will buy less items if you low the price of products you can buy the product with less monies and you have extra left over from monies you can choose for saving
“Trump is to blame” “Republicans are to blame” “Conservatives are to blame” and when numbers come back…. 😬😬🤔 “BOTH ARE TO BLAME NOT JUST BIDEN!!”
One thing you left out. Capitalism. Consumers that flock to stores selling goods at higher prices instead of finding the same goods at less expensive stores. Buying fresh veggies from farmers markets instead of Costco…. But… playing political blame games in election years is an expected thing to do. Finding the cheapest gas in your area instead of buying from the place you always go. Consumer reluctance to competitively shop… allows greedy corporations to thrive. Prices will come down… if stores lost their customers.
The 80-90-2000-2010 had the best year of the costumers. Being dependent in manufacturing for that long, comes back and hits you hard. In the 80-s there were 15-16 big food distributors. Check it out now. And that's just the food industry. Company greed is tearing up the common man. Wall Street, Shareholders, Bitcoin is doing this. Where is Teddy Roosevelt at with his baseball bat.