I know a significant problem with Democratic Party winning elections is communicating with voters why they should vote for them in direct / concise terms. I think that Katie Porter (US Representative — California) did a big favor for all Democratic candidates based on the information she presented in a hearing questioning an inflation subject matter expert from the “Economic Policy Institute” reviewing information from the “National Income and Product Accounts (NIPA) of the Bureau of Economic Analysis (BEA)” using a chart titled “Normal and recent contributions to growth in unit prices in the non-financial corporate sector (2022)”.
The presentation concluded that over 50% of the increase in inflation went to corporate profits. I know that the above information sounds like a bunch of government terminology, aka government gobbledygook, and that is why Representative Porter is so important. She did all the detailed work then boils it down into simple easy to understand terms. This analysis boils down to 53.5% of the inflation experienced during and directly after the COVID Pandemic period was due to increased corporate profits. The large corporations used the supply chain disruptions and other issues relative to COVID Pandemic to increase prices and raise their profits using the COVID Pandemic as an excuse. This is called price gouging or in plain terms "ripping off consumers". This means that corporations have raised prices to ripping off consumers to increase their profits. We have federal laws and regulations to address this but nothing has been done to hold them accountable.
The bottom line is based on the information reported by NIPA for 2022 more than 53% of the increase in inflation was due to large corporations ripping off the American public by price gouging. Now, which party will enforce the federal laws and regulations to stop this? The answer is not the Republicans who are owned by their large downers and corporations and who have saturated the public media with one false scandal after another to prevent this information from being brought to the attention of the US public.
Note: The above information is based on National Income and Product Accounts (NIPA) of the Bureau of Economic Analysis (BEA) Analysis - Normal and recent contributions to growth in unit prices in the non-financial corporate sector (2022)