America, what’s the matter with you? Don’t you understand?
Consumers are being shafted while big American corporations are making tons of money under Trump. This is why he has the support that he has.
With crude oil prices averaging $95 a barrel between March and June — up from about $66 before the war — ExxonMobil, Chevron, ConocoPhillips, and Occidental Petroleum have collectively raked in some $31 billion in earnings for the second quarter of this year.
That’s up from about $12 billion for the same period last year.
But American consumers are bearing the burden, as gas prices once again soar past $4 a gallon, a dollar more than they were before Trump started his illegal war on February 28.
Big corporations aren’t raising a fuss about the war or tariffs because they like what’s happening.
Consumers may not have armies of lobbyists and piles of campaign contributions to do their bidding, but they do have a way to express their disapproval. They can vote out all Trump Republicans on November 3.
Notes: https://open.substack.com/pub/robertreich/p/the-huge-hidden-upward-redistribution?r=tsm7z&utm_campaign=post-expanded-share&utm_medium=web