ASFN Consultant and Senior Writer
- Jan 7, 2003
- Reaction score
- Orlando, FL
Not sure that either side of the political aisle triggered inflation. Europe had no stimulus checks, but worse inflation. The big problem I see is company’s are taking advantage of an extreme supply chain disruption. Look at how many things in the grocery store are unavailable or limited. Industry after industry is scoring record profits. It appears many are raising prices because everyone else is. Look at gas. The US only got 5% of its oil from Russia, yet gas has gone up 50%, while oil company enjoy huge profits and OPEC cuts production when oil prices are high. Ironically part of the problem is we pump plenty of oil in the US. The gas companies have not invested in refineries capable of turning crude to gasoline, so we have to ship much of it out of the country to produce more gas. It’s hilarious, but the cause of inflation is so multifaceted that greed seems to be the only common denominator. Industries are cleaning up while people point fingers at politicians. I’d agree they should be holding hearing on price gouging, but the two sides would rather gouge each other.In addition to complaining about Bidwill, people should also start holding the politicians that have created our insane national inflation accountable. It’s not rocket science folks.