This morning I saw a tweet from none other than the shameful Texas Senator Ted Cruz in which, without facts or justification, he blamed President Biden and Democrats for rising prices and inflation.
Here are some cold, hard facts to chew on …
- The 10 largest food companies saw their net incomes increase by $393.6 million in the first six months of 2022, while increasing shareholder handouts by $3.8 billion to a total of over $12.1 billion.
- Prices for energy services rose 18.8% and electricity prices rose 15.2% from July 2021 to July 2022, leaving 20 million households at risk of losing electricity. Meanwhile, the five largest electricity and utility companies increased shareholder handouts by $378 million to over $6.5 billion in the first half of 2022.
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