Tag Archives: Bernie

Home Depot Co-Founder Bernie Marcus says 40-year high levels of inflation would come down if the Biden administration makes it easier for oil companies to drill in the country. “We have a president that just doesn’t believe in that [oil drilling],” Marcus said on a new episode of Yahoo Finance Presents. “We are sitting on tons of oil and gas, and he doesn’t allow us to drill. It’s basically stupid. I can’t come with another word. It’s stupid. And we will continue to suffer this inflation. And… Source link

Liberal Democrats think they’re having a moment. They’re tying up President Biden’s legislative agenda because it doesn’t tax the rich enough or lavish adequate spending on the needy. Since Democrats have tiny majorities in both the House and Senate, a few defectors can squash Biden’s entire plan. Liberals are reveling in their leverage. They shouldn’t be. The so-called progressive wing of the Democratic party may have enough heft to block action, as it has with the so-called… Source link

Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger on Saturday declared progressive Vermont Senator Bernie Sanders (I-VT) the victor in the nation’s political fight over income inequality. The hot economy and loose monetary policy will end up narrowing the nation’s wealth gap, Munger predicted. “With everything boomed up so high and interest rates so low, what’s going to happen is the millennial generation is going to have a hell of a time getting rich compared to our generation,”… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could See Outsized Gains Well, it’s official. Joe Biden is now President, and he’ll be backed – at least for the short term – by Democratic majorities in both Houses of Congress. Wall Street is taking the measure of the new Administration, and sees, among its first moves, a boost in fiscal stimulus that is likely to goose consumer spending, bump corporate profits, and provide general economic support in the first half of 2021. Covering the… Source link