Elizabeth Warren Pushes Dirty Lie
When will she stop?
As Americans continue to express anger towards Democrats for sending inflation skyrocketing due to President Biden’s incredible spending and policy changes, Democrat Sen. Elizabeth Warren continues pushing dirty lies.
During a recent interview with CNBC, Warren blamed the coronavirus pandemic, the oil industry, and the meat industry for inflation. Warren somehow appears to believe that both the oil and meat industry has colluded massively to jack up the prices on Americans.
In transcript provided by Breitbart, Warren stated, “[I] think the primary cause of this bout of price increases starts with COVID. And the fact that we have supply change of kinks and that people rapidly shifted the demand curve so that demand for services went down and demand for goods went up. So those two have forced prices up. That’s part one. But what has also happened is that now that we live in an America where there’s a lot more concentration in certain industries — look at the oil industry, look at meat industry, look at groceries generally, that what’s happened is these companies have said, ‘You know, we’ll pass along costs, but while we’re at it, and everyone is talking about rising costs, let’s just add an extra big dollop of cost increases to expand our profits.’”
She then explained, “Think about it this way — if all that was happening was that we have problems in the supply chain, so we’re passing those costs along, margins, profit margins, should have stayed about the same, percentage, right, they might have even shrunk a little tiny bit — not happening. Those margins are increasing, and they’re increasing the most where we see lots of corporate concentration. So part one, yes, very much the pandemic. Part two, companies that recognize that because they don’t face a lot of competition can goose those prices up. They’re saying it on their shareholder calls.”
