$40 billion for Ukraine, no baby formula for the US

[Benton]

(05-15-2022, 11:40 AM)Sled21 Wrote: According to some, nothing is on the Biden administration, yet his presidency is marked by supply chain issues all across the board and record gasoline prices. The buck stops at the top, right? He owns all this. 

Eh, the buck stops with private businesses in our current environment.

CEOs of companies like Amazon and BP have more sway than the POTUS. Think about it. The POTUS has a negligible control over the oil market. Congress has slightly more. Your $5.00 a gallon gas? Blame the CEO of BP that made nearly $8 billion in profit (not revenue, profit) last year. Granted, BP recorded a loss the previous year... but that's our tax system.

Which is why companies like BP have sway. They're worried about taxes, so prices go up when one party is in office. When the pro-big business party is in office, prices go down.

Maybe if businesses were taxed fairly (no breaks just for being huge), then we could blame the small changes on guys like Biden. In the current environment? Not really.