#1523 Pocketbook Pain and Corporate Profits
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 1 November 2022
⏱️ 65 minutes
🧾️ Download transcript
Summary
Air Date 11/1/2022
Today, we take a look at the corporate price-gouging and massive profits happening under the cover of widespread inflation, all in the run-up to the midterm elections in which the GOP is running cover for corporations and blaming Democrats for price hikes.
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SHOW NOTES
Economics correspondent Paul Solman explores whether concentrated market power is contributing to inflation.
Ch. 2: Why Gas Prices Are So High Right Now | Ft. Jessica Burbank - More Perfect Union - Air Date 10-30-22
What explains the oil industry's historically massive profits? A price gouging scheme that oil companies freely acknowledge.
How inflation—at its highest since the early Reagan era—is affecting people’s lives and their voting intentions.
Rep Katie Porter brings attention to statistics revealing the huge role corporate greed has on inflation.
Corporate price gouging concerning big oil companies and inflation, Jessica Burbank breaks it down on The Damage Report.
Rep. Alexandria Ocasio Cortez and Rep. Jamie Raskin join Chris Hayes to discuss what’s at stake ahead of the midterm elections.
Democrats hoping to keep control of Congress and make gains in state governments are facing significant political headwinds
Ch. 8: Liberal Redneck - Inflation and the GOP - Trae Crowder - Air Date 10-27-22
Republicans harp on and on about inflation, but what are they actually going to DO about it? Not much, prolly. I holler bout it herein.
MEMBERS-ONLY BONUS CLIP(S)
Mike Levin joins to discuss what the Inflation Reduction Act actually does for climate
VOICEMAILS
Ch. 10: UK could well go fascist - Anonymous
FINAL COMMENTS
Ch. 11: Final comments on the quickness with which anger can turn to fascism
TAKE ACTION!
MIDTERMS MINUTE 2022:
Persuade someone to vote:
- Jay's final comments from episode #1365 (Transcript) on using your vote as a theory of change tool.
- "Ask the Experts: How to Inspire People to Vote for Their Values" (ACLU)
- "This is How to Convince Your Friends to Vote" (Lemonade.com)
Short on time? Donate once to...
- Secretary of State Races: MoveOn.org's "America for All" midterm election campaign
- Senate Races: SwingLeft Hold the Senate Fund, or SwingLeft Immediate Impact Fund (Senate & House)
- House races: SwingLeft Hold the House Fund, or SwingLeft Immediate Impact Fund (House & Senate)
- Governors: SwingLeft Governor Fund
- State Legislative Races: SwingLeft Legislative Fund
MIDTERMS MINUTE Segments: #1 , #2 , #3, #4
Researched and written by BOTL Communications Director Amanda Hoffman
SHOW IMAGE:
Description: Photo of a long shopping receipt that lays across a background of various groceries.
Credit: “Shopping spending till slip” by Stevepb, Pixabay
Transcript
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| 0:00.0 | Welcome to this episode of the award winning Best of Left Podcast in which we shall take |
| 0:07.2 | a look at the corporate price-couging and massive profits happening under the cover of |
| 0:11.8 | widespread inflation, all in the run-up to the midterm elections in which the GOP is running |
| 0:17.4 | cover for corporations and blaming Democrats for price-ikes. |
| 0:21.8 | Clips today are from the PPS NewsHour, more perfect union, the intelligence, the majority |
| 0:27.7 | report, the damage report, all in with Chris Hayes, Democracy Now, and Trade Crouter with |
| 0:33.5 | an additional member's only clip from No Lie with Brian Tider Cohen. |
| 0:38.4 | And don't forget, the midterms are just one week away, so be sure to take a minute to |
| 0:42.2 | check out our midterms minute resources in the show notes. |
| 0:45.5 | With one week to go, we've curated the easiest one-stop shop places to donate and have |
| 0:50.0 | the biggest possible impact during this final week, as well as resources to persuade |
| 0:54.7 | someone you know to use their vote as a tool in a theory of change. |
| 0:59.8 | Remember, voting is not enough, so get involved and help get out the vote. |
| 1:10.0 | Inflation, inflation, everybody's talking about it. |
| 1:12.6 | Long-time liberal activist Robert Reich. |
| 1:15.5 | Corporations are raising prices, even as they rake in record profits. |
| 1:20.4 | Prices at the pump have gone up, why? Well, let me give you a hint. |
| 1:25.8 | Senator Elizabeth Warren. |
| 1:27.4 | This isn't about inflation, this is about price gouging. |
| 1:31.7 | This is a charge that pops up in lots of places, even on my Twitter feed. |
| 1:36.1 | So do the facts justify the outrage? |
| 1:39.2 | Well, you've heard the standard causes of COVID inflation, government stimulus money, |
... |
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