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The Idiot of the Week award from El American goes to Sen. Elizabeth Warren (D-MA) for her pitiful attempt to blame inflation on “evil corporations.”
With rampant inflation clearly affecting the pockets of families, any citizen can compare the economic situation just a year ago to today and begin to draw conclusions.
To control this situation, Democrats have opted for two alternative narratives that — although seemingly contradictory — seem to satisfy their voters. Sometimes they have the gall to say that inflation is not bad and sometimes they attribute it to businessmen. That is just what Elizabeth Warren just did.
Anything to avoid admitting the disastrous economic policies of the Biden admin.
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“Wondering why your Thanksgiving groceries cost more this year? It’s because greedy corporations are charging Americans extra just to keep their stock prices high. This is outrageous,” Elizabeth Warren tweeted.
Elizabeth Warren has pulled down the road of setting aside data and reality in favor of appealing to more visceral feelings, in this case, envy.
Why worry about managing data if you can manipulate feelings?
Elizabeth Warren and her struggle with numbers
We all know that Elizabeth Warren is in a fight against numbers — especially when crunching her DNA data — but now she also wants to get us to fight among ourselves so that we blame inflation on the rich and not the government.
Her irresponsible call for indignation against “greedy corporations” is not new. In fact, we have already heard it many times from the rulers of countries with failed economies and plunged into hyperinflation.
It is almost a cliché of a president of a banana republic to spend all day blaming inflation on the greed of businessmen. Soon we will see Warren claiming to impose maximum prices since in these cases the next step is always price control -which makes the economy enter a vicious circle of rising prices or shortages of products-. This is nothing new and it always ends up just as bad.
In other words, Elizabeth Warren is neither indigenous nor a pioneer. Her economic demagoguery and fake indignation have made her worthy of El American’s Idiot of the Week.
Ignacio Manuel García Medina, Business Management teacher. Artist and lecturer specialized in Popular Culture for various platforms. Presenter of the program "Pop Libertario" for the Juan de Mariana Institute. Lives in the Canary Islands, Spain // Ignacio M. García Medina es profesor de Gestión de Empresas. Es miembro del Instituto Juan de Mariana y conferenciante especializado en Cultura Popular e ideas de la Libertad.
Social Networks: @ignaciomgm