American ‘Oligarchy’ Decried by Biden Gained $1.5 Trillion in His Term

[imawhosure]

You just said it was the corporations making record profits on the backs of middle class paying for higher priced items. This is the “leftist” greed.

Are conservatives not greedy?

Duh, they had to raise prices because of scarcity of good and services. WHO DID THAT! The LEFT that shut down all of their states! Were it not for the Red states staying open, inflation would have been much, much, worse, as they still had a semblance of the law of supply and demand.

P,S, I notice you didn't appreciate my haircut/frost in New York/LA example. Gee, wonder why-)

 

[Marener]

Duh, they had to raise prices because of scarcity of good and services

If that were the case, how did they manage to get rich off of record profits? Didn’t HAVE to reap record profits?

 

[imawhosure]

If that were the case, how did they manage to get rich off of record profits? Didn’t HAVE to reap record profits?

You really need to take an economics course quickly, lol. Is that record profit adjusted for inflation to 2020 dollars, or is it in 2024 dollars......devalued by.....yes you guessed it.....LEFTIST inflation!

Hello mariner, hehehehehehehehehehe. What would you rather have------->the buying power/profit margin of 100 dollars from 2020? Or rather 105 dollars from 2024, although the 105 dollars may be record profits in dollars earned-) Think before you answer-)

 

[Marener]

You really need to take an economics course quickly, lol. Is that record profit adjusted for inflation to 2020 dollars, or is it in 2024 dollars......devalued by.....yes you guessed it.....LEFTIST inflation!

You were the one talking about record profits. You don’t know?

Cumulative inflation is about 20%. Profits increases closer to 100%.

Inflation is due to price increases. Price increases drove record profits. Much, not all, of inflation was due to corporate greed.

 

[pknopp]

They’re going to be “lied to” no matter who is in office because few presidents are able to accomplish much of what they campaign on.

Obama didn't even try.

The difference is messaging, I think. Dems say they’re going to bring the wealthy down to earth. Reps say they’re going to bring the lower class up to the wealthy. I don’t blame people for finding the latter more appealing, even if it’s all just rhetoric.

And why I vote for neither.

 

[pknopp]

When Hispanic men voted for trump they voted for someone who lied to them.

Many simply didn't bother.

Hispanics men didn't vote for Harris because of machismo. Hispanic women voted for Harris. Hispanics fell for the white Republican right-wing tactic of democrats are ignoring you repeated over and over. So now they voted for their own deportation.

You ignore the amount of obstruction from Congress that Obama faced. You should stop doing that.

Obama had the House and 60 in the Senate.

 

[pknopp]

Because as I said he had to accomplish a nearly impossible task. He didn't succeed, but he didn't fail to try.

Obama never tried.

 

[IM2]

Many simply didn't bother.



Obama had the House and 60 in the Senate.

He lost the house in 2010 and Republicans controlled it for most of his time. He also faced instruction from some in his own party. Joe Manchin was there, remember?

 

[pknopp]

He lost the house in 2010 and Republicans controlled it for most of his time. He also faced instruction from some in his own party. Joe Manchin was there, remember?

He lost it because he lied to the country. Manchin wasn't in the Senate until AFTER the 2010 election.

 

[Independent thinker]

"American ‘Oligarchy’ Decried by Biden Gained $1.5 Trillion in His Term
Led by Musk, top 0.1% own biggest share of US wealth on record
Biden term saw across-board gains though inflation offset some
The very richest Americans are among the biggest winners from President Joe Biden’s time in office, despite his farewell address warning of an “oligarchy” and a “tech industrial complex” that threaten US democracy.

The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years, with tech tycoons including Elon Musk, Larry Ellison and Mark Zuckerberg leading the way, according to the Bloomberg Billionaires Index. The top 0.1% gained more than $6 trillion, Federal Reserve estimates through September show.

Biden warned of “a dangerous concentration of power in the hands of a very few ultra wealthy people,” in his speech from the White House on Wednesday. “Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead.”

During his term, the super-rich grabbed a bigger share of a growing pie. Stock and housing markets boomed during a post-pandemic rebound that outpaced US peers. It left all the income and wealth groups measured by the Fed at least a little better-off – and American households overall some $36 trillion richer, as of September, than when Biden took office."

https://archive.is/OWFeg#selection-1701.0-1721.135

The Democrat Party is the party of the elites and not the working class. Biden let inflation and high fuel prices crush the working class, while the elites made record profits. That's why the Democrat Party just got fired by the American Voters.

Income and wealth inequality and all of that other stuff the left constantly champion is the worst in all the dark blue states. Democrat policies are total and complete failures for the very things they want to be known for.

 

[DonGlock26]

 

[justoffal]

"American ‘Oligarchy’ Decried by Biden Gained $1.5 Trillion in His Term
Led by Musk, top 0.1% own biggest share of US wealth on record
Biden term saw across-board gains though inflation offset some
The very richest Americans are among the biggest winners from President Joe Biden’s time in office, despite his farewell address warning of an “oligarchy” and a “tech industrial complex” that threaten US democracy.

The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years, with tech tycoons including Elon Musk, Larry Ellison and Mark Zuckerberg leading the way, according to the Bloomberg Billionaires Index. The top 0.1% gained more than $6 trillion, Federal Reserve estimates through September show.

Biden warned of “a dangerous concentration of power in the hands of a very few ultra wealthy people,” in his speech from the White House on Wednesday. “Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead.”

During his term, the super-rich grabbed a bigger share of a growing pie. Stock and housing markets boomed during a post-pandemic rebound that outpaced US peers. It left all the income and wealth groups measured by the Fed at least a little better-off – and American households overall some $36 trillion richer, as of September, than when Biden took office."

https://archive.is/OWFeg#selection-1701.0-1721.135

The Democrat Party is the party of the elites and not the working class. Biden let inflation and high fuel prices crush the working class, while the elites made record profits. That's why the Democrat Party just got fired by the American Voters.

Of course because despite all of the rhetoric Democrats are the party of Wall Street.

 

[DonGlock26]

Of course because despite all of the rhetoric Democrats are the party of Wall Street.

The Dems and the Rinos have the same masters. The "free shit" Democrat voters are too stupid to realize it.

 

[DonGlock26]

NYT's Brooks: Biden's Right About Oligarchy, But There's a Dem Oligarchy in Hollywood, N.Y., San Francisco

On Friday's "PBS NewsHour," New York Times columnist David Brooks stated that President Joe Biden's warning about oligarchy in his Farewell Address is | Clips

www.breitbart.com

 

[DonGlock26]

Maher on Biden Oligarchy Warning: He's Right, But He Pushed Tech to Censor Speech

On Friday's broadcast of HBO's "Real Time," host Bill Maher stated that while he agrees with President Joe Biden's oligarchy warning from his Farewell | Clips

www.breitbart.com

 

[justoffal]

NYT's Brooks: Biden's Right About Oligarchy, But There's a Dem Oligarchy in Hollywood, N.Y., San Francisco

On Friday's "PBS NewsHour," New York Times columnist David Brooks stated that President Joe Biden's warning about oligarchy in his Farewell Address is | Clips

www.breitbart.com

Geezus.... Where the hell of these people been for the past 50 years? The fact of Congress critters become millionaires within a few years of gaining their office is plenty of testimony to the fact that we've had an oligarchy for a long time.

 

[imawhosure]

You were the one talking about record profits. You don’t know?

Cumulative inflation is about 20%. Profits increases closer to 100%.

Inflation is due to price increases. Price increases drove record profits. Much, not all, of inflation was due to corporate greed.

ok, link your supposition! I do not care if it comes from the Left, or the Right! Others may attack you for a Leftist link, but I will not. I will respond with other links showing you are as full of shi**as a Thanksgiving turkey, but hey, if my brothers and sisters make you look ridiculous and you can only sit there and rotate as they show how dumb you really are, not my problem-)

 

[Marener]

ok, link your supposition! I do not care if it comes from the Left, or the Right! Others may attack you for a Leftist link, but I will not. I will respond with other links showing you are as full of shi**as a Thanksgiving turkey, but hey, if my brothers and sisters make you look ridiculous and you can only sit there and rotate as they show how dumb you really are, not my problem-)

National income: Corporate profits before tax (without IVA and CCAdj)

Graph and download economic data for National income: Corporate profits before tax (without IVA and CCAdj) (A053RC1Q027SBEA) from Q1 1947 to Q3 2024 about national income, CCADJ, IVA, corporate profits, tax, corporate, income, GDP, and USA.

fred.stlouisfed.org

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average

View data of the CPI, or an inflation measure derived from tracking the changes in the weighted-average price of a basket of common goods and services.

fred.stlouisfed.org

Evaluate the numbers yourself, but do so with some degree of objectivity.

 

[berg80]

I have to laugh at all the sudden concern the Demcorats have about criminal investigations of political opponents

I'm not concerned the same way Repubs are concerned. The idea of Jack Smith being investigated doesn't worry me from the standpoint of revealing anything nefarious or illegal he did. What concerns me is the overt corruption of the trump DoJ it displays.
Conversely, Repubs were right to be concerned about the Orange Menace being investigated cuz look what happened. Grand juries returned multiple criminal indictments based on the overwhelming evidence of his guilt.

 

[pknopp]

NYT's Brooks: Biden's Right About Oligarchy, But There's a Dem Oligarchy in Hollywood, N.Y., San Francisco

On Friday's "PBS NewsHour," New York Times columnist David Brooks stated that President Joe Biden's warning about oligarchy in his Farewell Address is | Clips

www.breitbart.com

"We have met the enemy and he is us".