Blame Greedy, Price Gouging Companies for Rising Inflation: Sen. Warren

Looking for someone to blame for high and continuing-to-rise gas prices at the pump, Senator Elizabeth Warren, D-Mass., is blaming a familiar villain — big corporations.

Warren has avoided blaming any government policies for rising inflation rates and instead blames large corporations. The senator previously accused grocery chains and the meat industry of raising prices to increase their profits.

During a recent interview, Warren discussed the economy and addressed inflation concerns from voters and was reminded by the host that she frequently blames software and food-processing companies and “corporate greed” for the state of the economy.

Senator Warren stood by her statement but also blamed the Covid-19 pandemic saying, “I think the primary cause of this bout of pricing increases starts with Covid,” she said.

“And the fact that we have supply chain kinks and that people rapidly shifted the demand curves so that demand for services went down and demand for goods went up. So those two forced prices up, that’s one part.”

Price-fixing?

For their part, Warren said she believes specific industries, including grocery chains and the meat industry, are fixing prices to expand their profits.

“What has also happened is that now that we’re living in America where there’s a lot more concentration in certain industries look at the oil industry, look at the meat industry, look at the groceries generally.”

“What’s happened is that these companies have said, ‘You know, we’ll pass along costs, but while we’re at it and everyone’s talking about rising costs, let’s just add an extra big dollop of cost increases to expand our profits,” said Warren.

“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.”

Senator Warren has frequently attacked corporate greed and specific industries as the source behind inflation and increasing costs.

As recently as November she called for the poultry industry to explain rising turkey costs, calling for an investigation into anti-competitive practices she believes may exist.

In December, she accused grocery store chains of exploiting the pandemic to increase profit and raise prices. However, many industries have said that supply-chain issues are behind the higher costs.

However, President Biden and his administration have since adopted the same talking points and are now blaming oil companies and Vladimir Putin for soaring gas prices.

Recently, Biden made remarks on inflation, saying, “But, but, but, it’s no excuse to exercise excessive price increases or padding profits or any kind of effort to exploit this situation or American consumers, exploit them. Russia’s aggression is costing us all, and it’s no time for profiteering or price gouging.”

In a separate interview, Senator Warren said price gouging is to blame for the rocketing prices at the pump.

The average price per gallon of gas has set new records. Warren emphasized that the high prices are great news for oil companies and their shareholders.

“Chevron, Exxon have doubled their profits. This isn’t about inflation; this is about price gouging for these guys,” said Warren.

Warren said that while Republicans are trying to gain political points by talking about inflation, the “oil companies say, ‘I think it’s just another opportunity to make profits’ and we need to call them out on that.”

China Takes Aim at the United States Over Taiwan

China is once again flexing its muscles globally and staring down the United States as well. Military officials in the communist nation have declared to their U.S. counterparts that the

Why Can’t Dr. Fauci Just Move On

Why isn’t Dr. Anthony Fauci already gone? He keeps popping up again and again like a whack-a-mole. This summer he announced that he would be stepping down from various government

GOP Senators Tell McConnell They’ll Only Accept Short-Term Spending Bill

Republican Senator Mike Lee of Utah and three other GOP senators delivered a letter to Republican Senate Minority Leader Mitch McConnell of Kentucky this week. In the letter, the senators

Biden Spokesman John Kirby Pressed on Pentagon’s New Findings on Afghanistan Exit: ‘Disaster’

The White House is pushing back on a bombshell report from the Department of Defense (DOD) that alleges the Chinese used the U.S.'s withdrawal from Afghanistan as propaganda to undermine

Bipartisan Breakthrough Allows Same-Sex Marriage Bill to Pass Senate 

On Tuesday, the Senate passed landmark legislation to mandate federal recognition for same-sex marriages. Congress, finishing out a lame-duck session, mustered support for a moment of bipartisanship before Congress moves

Pentagon’s Makes Stark Warning: China Will Triple Nuke Stockpile by 2035

The Defense Department's most recent congressional report said China's nuclear weapons program has passed 400 total warheads and is on track to triple that number over the next 15 years. 

Rep. Adam Schiff Doesn’t Want to Play by His Own House Rules

What a difference an election makes. The tables have turned in the House of Representatives so now those who were being hunted are hunting, and the liberals are certainly the

Massive Increase in Americans Deciding to Carry Concealed Weapons

We’ve had a majority of liberal leadership in Washington for the last two years, and more and more law-abiding gun owners are exercising their Second Amendment rights by regularly carrying

Democrats Race to Secure a Year-Long Budget Deal before Republicans take Control of the House in January

Congressional Democrats are racing to pass a year-long budget deal before the GOP takes control of the House of Representatives in January. Democrats want to get the budget deal in

High Court of Georgia Reinstates Ban on Abortions after Six Weeks

Georgia’s Supreme Court recently reinstated the state’s ban on abortion after six weeks of pregnancy, which abruptly ended access to having abortions at later stages of pregnancy, access that had

Arizona Republican Gubernatorial Kari Lake Files Lawsuit Asking Maricopa County to Provide Proof of Election Integrity

Arizona Republican gubernatorial candidate Kari Lake recently filed a lawsuit against the administration of the midterm elections in Maricopa County. Lake has cast doubts on her loss to Democrat challenger

Kim Jong-un Debuts His Daughter at Latest ICBM Test

November 18th saw Kim Jong-un set loose yet another InterContinental Ballistic Missile (ICBM) test. Yet unlike other recent tests, Kim was there to watch the launch, and this time it

McCarthy Says He Will Form Select Committee on China If Elected Speaker

Republican leader in the U.S. House of Representatives, Kevin McCarthy, said recently he would form a select committee on China if he is elected speaker of the House, accusing President

Arizona County Board Delays Certifying Election Results, Cite Uncertified Counting Machines

The board overseeing a county in a county in Southeastern Arizona recently delayed certifying the results of last week’s vote after being contacted by individuals who claimed that counting machines

Defense Secretary Lloyd Austin Oversees ‘Woke’ Training for Our Military

If you love America’s military and are proud of our history in keeping the world safe for Democracy, you are going to have a real problem with what follows. Defense

Sen. Josh Hawley Has His Mic Drop Moment with FBI Director

It hasn’t been a good week for FBI Director Christopher Wray and his whole organization. He gave testimony for the House, and Rep. Clay Higgins (R-LA) asked him a question

Massive Migrant Group Hits the Texas Border as the End of Title 42 Looms

An enormous group of illegal immigrants in the hundreds have arrived at one portion of the southern border over the weekend. Border Patrol agents face crossings totaling tens of thousands

Judge Allows Deposition of FBI Agent Against Biden Censorship

It’s hard to argue that the White House has been working to create censorship across the nation. But the Biden Administration and the FBI just took a hard hit by

FBI Director Wray: Seventy Percent of FBI’s Abortion-Related Violence Cases Have Anti-Abortion Victims Since Dobbs

The director of the Federal Bureau of Investigations (FBI), Christopher Wray, recently testified that around 70% of the bureau’s abortion-related threat or violence cases after the Dobbs v. Jackson Women’s

Texas Gov. Greg Abbott Declares an Invasion at the Southern Border

Texas Gov. Greg Abbott (R) declared an "invasion" at the chaotic southern border on Tuesday. He indicated that he would be taking "unprecedented measures ... to keep our state &

Iranian Parliament Votes for the Death Sentence Against 15,000 Protestors to Teach ‘Hard Lesson’

There have been multiple reports in the media about protests in Iran after the death of 22-year-old Mahsa Amini. She was killed after being beaten while in custody following her

GOP Takes Control of the House of Representatives

Democrats will no longer control Congress. Republicans have gained control of the House of Representatives, according to the Associated Press.  The AP is predicting Mike Garcia will win re-election in

Former President Donald Trump Announces 2024 Re-Election Bid for President

Former Republican President Donald Trump announced that he will again run for the GOP nomination for president in the 2024 election. Trump would like to return to the White House

Supreme Court Case on State Legislatures Could Open Litigation Floodgates

The Supreme Court is preparing to hear a case next month that could dramatically reshape how federal elections are conducted.  The case to be argued on December 7, Moore v.

Voters in Montana Reject Ballot Measure Requiring Medical Care for ‘Infants Who Are Born Alive’

In the recent midterm elections, Montana voters rejected the Born-Alive Infant Protection Act, which would have required medical professionals to give lifesaving medical care to newborns who were born prematurely