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时间：2022-06-27 07:24:54

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Inflation is still surging and some Democrats1 see one culprit: Greedy companies

Transcript2

The latest inflation report shows what most Americans already know: Prices are still climbing rapidly.

The Labor3 Department said Wednesday that consumer prices in December were up 7% from a year ago — the biggest hit to family pocketbooks in about 40 years.

That has many people asking who or what is to blame for soaring prices. For some progressives, one clear culprit stands out: corporations trying to fatten4 their bottom lines.

"We can't overlook the role that concentrated corporate5 power has played in creating the conditions for price gouging," Sen. Elizabeth Warren, D-Mass., said during Federal Reserve Chairman Jerome Powell's confirmation6 hearing Tuesday.

Most economists8 are skeptical9, however. They say inflation is being driven by a surge in demand for everything from iPads to automobiles10, along with supply-chain bottlenecks11 that have companies struggling to keep up.

"When more people want to buy things than companies are capable of making, prices go up. That's just the law of supply and demand," said Jason Furman, who served as a top economist7 in the Obama administration.

He doubts that corporations are any greedier now than they were before the pandemic, when inflation generally hovered12 below the Fed's inflation target of 2%.

"Companies always want to maximize their profits," Furman added. "I don't think they're doing it any more this year than any other year."

Like selling water for $20 a bottle in a hurricane?

Whatever the economic merits, though, corporate profiteering is a convenient political target — especially for Democrats who are on the defensive13 over climbing prices, with midterm elections approaching in November and President Biden's approval rating falling.

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Democratic pollster Margie Omero says the idea that corporate greed is at fault resonates with people who are feeling the pinch of pricey gas and groceries.

"People are approaching this not as economists, but what they're observing," Omero said. "A lot of voters feel that companies and the wealthy are getting wealthier while other folks are struggling and having a harder time keeping up." 

 


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1 democrats 655beefefdcaf76097d489a3ff245f76     
n.民主主义者，民主人士( democrat的名词复数 )
参考例句：
  • The Democrats held a pep rally on Capitol Hill yesterday. 民主党昨天在国会山召开了竞选誓师大会。
  • The democrats organize a filibuster in the senate. 民主党党员组织了阻挠议事。 来自《简明英汉词典》
2 transcript JgpzUp     
n.抄本，誊本，副本，肄业证书
参考例句：
  • A transcript of the tapes was presented as evidence in court.一份录音带的文字本作为证据被呈交法庭。
  • They wouldn't let me have a transcript of the interview.他们拒绝给我一份采访的文字整理稿。
3 labor P9Tzs     
n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦
参考例句：
  • We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
  • He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。
4 fatten ClLxX     
v.使肥，变肥
参考例句：
  • The new feed can fatten the chicken up quickly enough for market.新饲料能使鸡长得更快，以适应市场需求。
  • We keep animals in pens to fatten them.我们把动物关在围栏里把它们养肥。
5 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
6 confirmation ZYMya     
n.证实，确认，批准
参考例句：
  • We are waiting for confirmation of the news.我们正在等待证实那个消息。
  • We need confirmation in writing before we can send your order out.给你们发送订购的货物之前，我们需要书面确认。
7 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
8 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
9 skeptical MxHwn     
adj.怀疑的，多疑的
参考例句：
  • Others here are more skeptical about the chances for justice being done.这里的其他人更为怀疑正义能否得到伸张。
  • Her look was skeptical and resigned.她的表情是将信将疑而又无可奈何。
10 automobiles 760a1b7b6ea4a07c12e5f64cc766962b     
n.汽车( automobile的名词复数 )
参考例句：
  • When automobiles become popular,the use of the horse and buggy passed away. 汽车普及后，就不再使用马和马车了。 来自《简明英汉词典》
  • Automobiles speed in an endless stream along the boulevard. 宽阔的林荫道上，汽车川流不息。 来自《现代汉英综合大词典》
11 bottlenecks dfe1da02229e22e444d1b5486f8b8ef6     
n.瓶颈( bottleneck的名词复数 )；瓶颈路段（常引起交通堵塞）；（尤指工商业发展的）瓶颈；阻碍
参考例句：
  • Roadworks are causing bottlenecks in the city centre. 道路施工导致市中心交通阻塞。 来自《简明英汉词典》
  • At five o'clock in the afternoon the city streets are a series of bottlenecks. 下午五点市中心的街道就成了拥挤不堪的窄路。 来自《现代英汉综合大词典》
12 hovered d194b7e43467f867f4b4380809ba6b19     
鸟( hover的过去式和过去分词 )； 靠近（某事物）； （人）徘徊； 犹豫
参考例句：
  • A hawk hovered over the hill. 一只鹰在小山的上空翱翔。
  • A hawk hovered in the blue sky. 一只老鹰在蓝色的天空中翱翔。
13 defensive buszxy     
adj.防御的；防卫的；防守的
参考例句：
  • Their questions about the money put her on the defensive.他们问到钱的问题，使她警觉起来。
  • The Government hastily organized defensive measures against the raids.政府急忙布置了防卫措施抵御空袭。

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