President Joe Biden has rejected this view. “A lot of companies have done extremely well in this crisis, and good for them,” he said in a speech in May.
“The simple fact is, though, corporate profits are the highest they’ve been in decades,” the President added. “Workers’ pay is at the lowest it’s been in 70 years.
Well, duh? You close everyone except the Walmarts, Targets, Amazons, etc. and then wonder why corporate profits are skyrocketing? Even Pikachu can't express the surprise Biden must be feeling now.
Misleading at best. Yes, big companies did extremely well, because the govt shut down everyone but them. But, about 40% of small businesses were forced to close for good due to the lockdowns
Well, duh? You close everyone except the Walmarts, Targets, Amazons, etc. and then wonder why corporate profits are skyrocketing? Even Pikachu can't express the surprise Biden must be feeling now.
The exact same people would be decrying the exact same corporate profits if the president were a republican.