Chapter
The Impact of Oil Companies on the Economy
24:03 - 31:04 (07:00)
The oil industry receives billions of dollars in subsidies and bailouts, yet they are not held accountable for their losses when the market crashes. In times of profit, they prioritize shareholders and use tactics to maintain high prices, such as inflation and avoiding drilling on leased land to avoid losses.
Clips
Delivering a strong, stable, and globally competitive economy is crucial in serving what the voters need.
24:03 - 26:14 (02:10)
Summary
Delivering a strong, stable, and globally competitive economy is crucial in serving what the voters need. It is the core mission of Congress, but politicians tend to oversimplify economic problems and solutions.
ChapterThe Impact of Oil Companies on the Economy
EpisodeRep. Katie Porter Can Explain Anything: Inflation, GO!
PodcastThe Problem With Jon Stewart
The conversation discusses how inflation, poverty, and currency are national security issues.
26:14 - 28:16 (02:02)
Summary
The conversation discusses how inflation, poverty, and currency are national security issues. Big corporations benefit from inflation because they can continue to increase their price points, but there should be a more concerted effort between government and industry to address these issues.
ChapterThe Impact of Oil Companies on the Economy
EpisodeRep. Katie Porter Can Explain Anything: Inflation, GO!
PodcastThe Problem With Jon Stewart
A discussion on the unfairness of the system where big corporations are subsidized and privatize the profits, but socialize the losses to the general public.
28:16 - 31:04 (02:47)
Summary
A discussion on the unfairness of the system where big corporations are subsidized and privatize the profits, but socialize the losses to the general public.