Bernie Sanders singles out ‘corporate greed’ for inflation: ‘I’m not sorry’ for government spending
Sen. Bernie Sanders, Vt., on climate change, Vice President Harris’ pivot to progressive policies and inflation under the Biden-Harris administration.
Sen. Bernie Sanders, Vt., is pessimistic about government spending during the COVID-19 crisis, telling Fox News’ Maria Bartiromo on Sunday that corporate greed, not relief spending, has caused inflation.
“If you look at Joe Biden’s popularity record – when he was most popular – it was after we passed the American Rescue Plan,” he said on this week’s “Sunday Morning Futures.”
“We saved childcare. We saved hospitals. We saved colleges, so I’m not apologizing. But look at the kind of profits that are in the food industry, in the oil industry. They’ve been raising their prices too much. And I’ve ripped off the American consumer, in my opinion.”
Sanders continued to criticize the company’s behavior, suggesting that profit margins raised by opportunistic prices during the national crisis were the cause of inflation, not government intervention aimed at saving American lives and livelihoods. Instead, he highlighted business practices that are said to be unchecked, according to him, exploiting consumers when they are most at risk.
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Senator Bernie Sanders, D-Vermont, speaks during a news conference at the US Capitol in Washington, DC, Wednesday, Oct. 6, 2021. (Stefani Reynolds/Bloomberg via Getty Images/Getty Images)
He also pointed out the direct benefits of the COVID emergency measures brought to the community.
“Did we invest in helping working-class families during the crisis of COVID? We did. I was the chairman of the Budget Committee. I worked on that, so the people there got that $1,400 check when people were losing their jobs and small businesses were going out. [of business]yes, we did that. We put money into hospitals so that people can get the health care they need,” he said.
“If you want to ask my opinion and many economics” [views]the reason we saw inflation, which is now falling, was not because of that; [it was] because of the company’s selfishness. Record-breaking profits on the part of [the] the food industry, some companies charging us exorbitant prices… I think that had a lot to do with inflation.”
The Vermont senator also discussed the urgent need for a fair trade policy that protects American jobs and against outsourcing, reinforcing his stance against past trade deals that he believes have harmed the US manufacturing sector and its workers.
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The COVID-19 pandemic has created chaos in many ways and led to a huge increase in government spending that some say has contributed to inflation. (Jeffrey Greenberg/Educational Images/Global Image Group via Getty Images/Getty Images)
The conversation later turned to the environment, with Sanders criticizing former President Trump for his climate change skepticism, a longstanding criticism among Democrats focused on implementing green energy policies.
Pointing to the drought in Vermont, the wildfires and hurricanes that have recently hit Florida and the rest of the Southeast, he spoke of urgency.
When asked if he would feel betrayed if Vice President Harris were to approve the continuation of fracking after previously expressing support for a ban, Sanders responded in part, “I wouldn’t use the word betrayal. People’s opinions change.”
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