IMF: Inflation=Corporate Profiteering. Obama calls out GOP. Trump’s tapes: He’s a petty child.

The IMF corroborates Rep. Katie Porter that Inflation was caused by corporate greed. Obama called out Republicans for being anti-democratic. Trump’s audio tapes from the indictment prove him a dangerous, irresponsible petty child.

Obama calls out GOP.

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• Obama calls out GOP as anti-democratic as a panelist said they don’t have it as an abiding principle: Former President Obama made it clear that it is the Republican Party that has become undemocratic. A panelist stated that democracy is not an abiding principle of the GOP. [More]
• The latest Trump audio tapes in the classified indictment prove he is an irresponsible child: The disturbing tape of Trump discussing classified documents at his resort illustrates a dangerous, irresponsible former president displaying the intellect of a child. [More]
• IMF Says Corporate Profiteering Caused Nearly Half of Europe’s Recent Inflation Surge: Economists with the International Monetary Fund on Monday echoed what progressive experts and campaigners around the world have been arguing for more than a year: Corporate profiteering has been a key driver of the recent inflation surge. In a blog post on Monday, the IMF’s Niels-Jakob Hansen, Frederik Toscani, and Jing Zhou wrote that “rising corporate profits account for almost half the increase in Europe’s inflation over the past two years as companies increased prices by more than spiking costs of imported energy.” If inflation is to return to the European Central Bank’s 2% target, the trio argued that “companies may have to accept a smaller profit share” as workers demand “pay rises to recoup lost purchasing power.” [More]

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