General Discussion
In reply to the discussion: Machine Pun Kelly: Did corporations inflate prices to help Trump's election? Sure as fuck looks like that happened. [View all]ToxMarz
(2,256 posts)rather than a market force, just because they could get away with it. They knew that at least half the country (the LOUDEST half) would blame Biden, not put any blame or negative consequences on the corporations/billionaires. Any blame that might drift their way was plausibly denied away by the pandemic and supply chain issues, etc. Most people don't have a great understaning of economics (it is complex), so this would become the 'conventional wisdom'. The loud half of the country actually reveled in the inflation because it undermined Biden and the Democrats and would help Trump. It was reported with lip smacking delight by Fox and the misinformation media. And the corporations could just rake in the cash, it was a no brainer for them, half the country and their media cheerleaders wanted as much inflation as possible to report and blame on Biden. Would have been malfeasence if the corporatioons hadn't raised prices from a share holder view. The tax cuts I don't think were neccessarily the impetus for it, but certainly was a futher supporting benefit for a strategy that already had little downside.