As inflation and rate hikes hurt working people, corporations are thriving.
Corporate profits surged to a record $2.08 trillion in Q3 of 2022.
Why is the Fed putting the onus of fighting inflation on workers, not the corporations responsible for rising prices?
Why in the world does Congress have to authorize borrowing for spending that it has already approved?
Here’s a suggestion...
Abolish the debt ceiling.
It serves absolutely no purpose. End the drama.
Matt Taibbi Confesses He Hasn't Read His Own Twitter Files
https://www.emptywheel.net/2023/01/11/matt-taibbi-confesses-he-hasnt-read-his-own-twitter-files/
By banning some of us, Musk is sending a message to everyone else: Comply with the dictator or lose access. #Twitter has become a virtual simulation of authoritarian rule."
But Musk didn’t build Twitter. We, collectively, turned the bird app into a consequential power. If it remains under the control of a man who sees journalists as enemies, we have a moral responsibility to fly the coop.
(Reposting with paywall-free gift link for those who couldn't access it earlier)