- A guest on Fox News was stunned and offended by how the host reacted to her comments on the pandemic profiteering that might be helping to cause the current inflationary trend.
- “Often it’s the companies that are raking in that dollar, and they’re making money significantly above and beyond,” Laura Fink pointed out. “Is it pandemic profiteering?”
- Charles Payne responded, “It sounds like a speech that the communist leader of China just gave two months ago against corporations over there.”
Josh Feldman from Mediaite writes:
“A guest on Fox News Monday was absolutely stunned by how the host reacted to her comments on the rising price of consumer goods.
President Joe Biden is set to address the nation Tuesday on the economy and inflation concerns.
Charles Payne, filling in for Neil Cavuto on Your World, started Monday’s segment by asking Democratic strategist Laura Fink, “Is it time for the administration to start worrying about inflation?”
“I think it’s been a concern for some time,” Fink responded. “We know that inflation is up, we also know that profit margins are up, with the biggest U.S. companies raking in the biggest profit margins since 2019.”
“So the Biden administration you will see focused on where there are those — the lack of competition in the marketplace. Things like meat processing,” she continued. “That’s why the prices of poultry and beef and pork are up. It’s because there’s a bottleneck and a lack of competition with those processors. So really addressing that and making the American public aware that often it’s the companies that are raking in that dollar and they’re making money significantly above and beyond.
“Is it pandemic profiteering? That’s the question the Biden administration will be asking corporate America and Americans…”
See full story here.