As millions of Americans buckle under the weight of record-breaking inflation, Republicans in Congress have remained adamant that President Biden, or rather "Bidenflation," is the main culprit of price increases across the board, dismissing concerns of corporate profiteering out of hand. But a new analysis reveals that Republicans are collecting millions of dollars in donations from the very corporations under scrutiny, calling into question the party's ability to honestly assess just what's causing prices to soar.
According to an Accountable.US report exclusively obtained by Salon, three Republican senators and fifteen members of the House GOP caucus have raked in at least $5,709,425 from corporations that have used inflation as a pretext for jacking up prices.
"Corporate profits were the highest they were last year, and you have the Republican caucus in the Senate and the House basically trying to give them a pass," said Tony Carrk, Executive Director of Accountable.US.
Chief among Corporate America's political guardians is Senate Republican Leader Mitch McConnell, R-Ky., who last year raked in $1.24 million from industry behemoths like Walmart, Kroger, Chevron, Johnson & Johnson, and Ford.
WHILE TRUMP IS PRESIDENT:
AND WHY AREN’T DEMOCRATS TALKING ABOUT IT?
Before 2020, America had never seen more than a million weekly unemployment claims, not even during the Great Recession.
Late in March 2020, nearly 3 million workers filed claims.
That was followed by 5.9 million, then 6.1 million. Pretty much the populations of Los Angeles and Chicago combined were out of work.
The result of this sort of bottom-up economics?
An explosion of job growth unlike any seen before.
We are now seeing the lowest unemployment claims in more than 50 years. 2021 was literally the best year of job growth ever recorded.