White House press Secretary Karine Jean-Pierre is blaming “Bidenflation” not on the $6 trillion in debt spending by Joe, but rather on “high profit margins” during the Covid pandemic. She also declared that the strategy at the White House is to lower business profit margins, to bring down consumer prices.

This is, of course, economic gobbledygook. High-profit margins are the mother’s milk of the stock market, so lower profits (or even zero profits, which seems to be the Biden goal) would lead to a flurry of business bankruptcies, mass layoffs, and a stock market collapse.  Without profits, there are no businesses, and without employers, there are no jobs, and without jobs, there is no consumer spending.

And you can kiss your 401k plan goodbye in a land of shrinking profits.

Of course, the only people who think profits are excessive have never earned a profit in their lifetimes, which, as we revealed in our CTUP study last year is just about everyone in the Biden administration. We found that the median number of years of business experience was zero for the top Biden officials.

We would recommend that every official in the White House (and YOU too) should read the new bestseller book by our honorary CTUP chairman John Catsimatidis – a man who knows a lot about earning a profit.  John Catsimatidis built a grocery store into a billion-dollar conglomerate. It’s an amazing story of “can-doism” and the attainment of the American Dream.

This is, of course, economic gobbledygook. High-profit margins are the mother’s milk of the stock market, so lower profits (or even zero profits, which seems to be the Biden goal) would lead to a flurry of business bankruptcies, mass layoffs, and a stock market collapse. Without profits, there are no businesses, and without employers, there are no jobs, and without jobs, there is no consumer spending.

And you can kiss your 401k plan goodbye in a land of shrinking profits.

Of course, the only people who think profits are excessive have never earned a profit in their lifetimes, which, as we revealed in our CTUP study last year is just about everyone in the Biden administration. We found that the median number of years of business experience was zero for the top Biden officials.

We would recommend that every official in the White House (and YOU too) should read the new bestseller book by our honorary CTUP chairman John Catsimatidis – a man who knows a lot about earning a profit. John Catsimatidis build a grocery store into a billion-dollar conglomerate. It’s an amazing story of can-doism and the attainment of the American Dream.