War Profiteering Oil Companies Report Record Profits; President Biden Proposes A Windfall Profits Tax

CBS News reports, Oil giants rake in record profits as energy prices remain high (excerpt): Oil companies are reporting surging profits as energy prices remain elevated. Exxon Mobil broke records with its profits in the third quarter, raking in $19.7 billion in net income, a nearly $2 billion increase from its second quarter. The Irving, … Read more

President Biden Assails Big Oil For Price Gouging Profits

Business Insider reports, Biden tries again to lower gas prices — and slams oil companies for raking in record profits ‘while a war is raging’: President Joe Biden announced Wednesday that the federal government would step in yet again to put more oil on the market and bring down still-high gas prices. That will come … Read more

A ‘Biden Boom’ And Americans Haven’t Yet Noticed

Update to A ‘Biden Boom’ And The Corporate Media Is Parroting GQP Gloom And Doom Propaganda. The corporate media is complicit in recklessly feeding self-fulfilling inflation psychology with hysterical reporting on inflation, by reporters most of whom never even took an Econ 101 class in college. They know not of what they speak, so they … Read more