Economy

NOT A JOKE: Warren Blames ‘Giant Grocery Chains’ and their ‘Lavish Bonuses’ for High Food Prices

posted by Hannity Staff - 12.21.21

Senator Elizabeth Warren blamed surging food prices on “giant grocery store chains” and their “stock buybacks and lavish bonuses” Monday night rather than widespread inflation caused by Joe Biden’s disastrous economic policies.

“Giant grocery store chains force high food prices onto American families while rewarding executives & investors with lavish bonuses and stock buybacks. I’m demanding they answer for putting corporate profits over consumers and workers during the pandemic,” ranted Warren on social media.

“Your company, and the other major grocers who reaped the benefits of a turbulent 2020, appear to be passing costs on to consumers to preserve your pandemic gains, and even taking advantage of inflation to add greater burdens,” Warren claims.

“Your companies had a choice: They could have retained lower prices for consumers and properly protected and compensated their workers, or granted massive payouts to top executives and investors,” Warren wrote to the grocery chains heads. “It is disappointing that you chose not to put your customers and workers first.”

 

Most nationwide grocery chains operate on thin margins, typically between 1 and 4% before the pandemic.

Read the full report here.

CARTER 2.0: Southeast Gas Stations Ration Fuel, Cars Line-Up, Drivers Wait for Hours

posted by Hannity Staff - 5.12.21

Americans in the southeastern section of the country had flashbacks of the 1979 Oil Crisis this week when gas stations began rationing fuel in the aftermath of a major cyberattack against a pivotal pipeline.

“The closure of the 5,500-mile Colonial Pipeline, which carries more than 100 million gallons of fuel from Texas to New Jersey each day, has stretched into its fifth day,” reports the New York Post.

“It sparked wild scenes of panic buying across Georgia, Florida, Virginia and South Carolina — with North Carolina Gov. Roy Cooper and Georgia Gov. Brian Kemp even declaring states of emergency in their areas. Kemp also issued an executive order suspending Georgia’s gas tax through Saturday to help offset the costs of higher fuel prices,” adds the newspaper.

“I DON’T HAVE ANY GAS AND THE STATE OF NORTH CAROLINA DOESN’T HAVE GAS!! WHAT IN THE 2021 IS GOING ON !!” one panicked driver tweeted.

“I’ve seen all these cars waiting and I was like, ‘OMG. I have to fill my tank up!’” said another.

Read the full report at the New York Post.

CARTER 2.0? Gas Runs Dry After Pipeline Cyberattack, Long Lines in NC, SC, FL, VA

posted by Hannity Staff - 5.11.21

A cyberattack against a major energy pipeline along the East Coast caused fuel shortages in states like Florida, Virginia, and South Carolina Tuesday as security experts scrambled to get the key piece of infrastructure back online.

“Drivers along parts of the East Coast are feeling the immediate effects of the shutdown of the Colonial Pipeline following a ransomware attack, reports CBS News’ Laura Podesta. Some waited an hour or more on lines at gas stations before filling up or learning the pumps had run dry,” reports CBS News.

https://twitter.com/toddstarnes/status/1391931129440112640

 

“It was unbelievable. When I was driving today, I thought it was a catastrophe coming! I’ve seen all these cars waiting and I was like, ‘OMG. I have to fill my tank up!’” said one local in South Carolina.

Gas prices jumped six cents within 24 hours, raising the national average to nearly $3 per gallon.

“If this outrage goes past the end of the week … prices could spike pretty dramatically,” said Kevin Book of Clearview Energy Partners.

Read the full report here.

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