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Summers: I Haven’t Seen Any ‘Serious Support’ for Biden’s Claim Oil Companies Are Profiteering
Breitbart ^ | 03/19/2022 | Ian hatchett

Posted on 03/19/2022 10:43:48 AM PDT by ChicagoConservative27

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers responded to President Joe Biden’s tweet accusing oil and gas companies of padding their profits by keeping gas prices high by stating, “there’s nothing that would support that in the president’s tweet, and I haven’t seen any analysis coming out of the administration, or anyplace else, that provided serious support for that.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: biden; energy; fjb; oil; profiteering; summers
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Elizabeth Warren is not pleased.
1 posted on 03/19/2022 10:43:48 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

Dare to question her could lead to a scalping. You don’t want her on the warpath!


2 posted on 03/19/2022 10:49:48 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: ChicagoConservative27

Democrats love Big Oil.


3 posted on 03/19/2022 10:54:37 AM PDT by CodeToad (Arm up! They Have!)
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To: ChicagoConservative27

What happened to Larry? He was a consigliere in the Chicago Mob a decade ago, now he’s actually talking like an adult.


4 posted on 03/19/2022 10:56:42 AM PDT by nascarnation (Let's Go Brandon!)
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To: ChicagoConservative27

There is certainly evidence that a liberal political agenda is profiting from higher oil prices.


5 posted on 03/19/2022 11:00:10 AM PDT by plain talk
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To: ChicagoConservative27

Joe Biden is profiteering as President of the United States. He dispatches his brother, his son and nprobably his wife to extort money paid to various off shore corporations to various other corporations to corporate off shore banks controlled banks.

Biden is the tip, the visible tip, of the totally corrupt progr4ssive City State quasi government that must be destroyed. Not jailed, destroyed


6 posted on 03/19/2022 11:02:40 AM PDT by bert ( (KE. NP. N.C. +12) Promoting Afro Heritage diversity will destroy the democrats)
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To: ChicagoConservative27

God forbid an American company actually makes money. Obviously, the allegation that the oil companies are manipulating the prices to make obscene profits is without basis, but their premise is to pit the American people against the oil companies (which is, of course, an very old play in the left’s playbook) in order to mask the Biden Administration’s substantial role in the run up in gasoline prices.


7 posted on 03/19/2022 11:03:32 AM PDT by fhayek
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To: ChicagoConservative27

You know he’s an epic fail when you feel sympathy for oil companies after Xiden maligns ‘em.


8 posted on 03/19/2022 11:09:04 AM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: ChicagoConservative27
there’s nothing that would support that in the president’s tweet

Liberals never need support for their claims.

9 posted on 03/19/2022 11:16:42 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: ChicagoConservative27

Biden is a tweeter?


10 posted on 03/19/2022 11:17:07 AM PDT by Paladin2
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To: ChicagoConservative27
The only thing that matters to Brandon & Company is the court of public opinion. As long as the LSM will keep repeating their lies the majority of sheep will believe it.

Alinsky's 6th rule:
“A good tactic is one your people enjoy.”
They’ll keep doing it without urging and come back to do more. They’re doing their thing, and will even suggest better ones.

11 posted on 03/19/2022 11:17:21 AM PDT by 100%FEDUP (I'm seeing RED!)
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To: nascarnation

It’s like Bill Maher, I suppose. Take what they’ll give you that sane, but just be mindful that they’re still basically loopy. I heard Maher’s interview with Shapiro last week. He’s still PLENTY loopy, but I’ll acknowledge his efforts on the areas where he’s come around d


12 posted on 03/19/2022 11:32:04 AM PDT by j.havenfarm (21 years on Free Republic, 12/10/21! More than 5000 replies and still not shutting up!)
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To: ChicagoConservative27

The one profiting most is Putin. He will sell ALL his oil at $115+ a barrel (less 20 %) to his BRICS partners. That is a huge windfall for Russia.


13 posted on 03/19/2022 11:59:30 AM PDT by hardspunned (former GOP globalist stooge)
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To: ChicagoConservative27
Summers: I Haven’t Seen Any ‘Serious Support’ for Biden’s Claim Oil Companies Are Profiteering

Like everything else the dems claim, it doesn't have to have a shred of truth for their moronic followers and the media to pick it up and parrot it.

14 posted on 03/19/2022 11:59:38 AM PDT by The Sons of Liberty (If you attack the 2nd Amendment, You attack The Constitution!)
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To: nascarnation

I think he’s one of the smarter people on the Dem side.

When he was President of Harvard, he mentioned a study that showed that men and women have the same mean intelligence, but that the variance for men is wider, i.e. there are more male dummies and geniuses proportionately than among women.

For even mentioning this legit study, he had to step down as President, taking a full Professor role.

In other words, he’s still doing very well financially, but lost the leadership role.


15 posted on 03/19/2022 12:08:09 PM PDT by oblomov
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To: plain talk

“this liberal will be all about socializing” before correcting herself, and after a long pause continued to say, “basically taking over, and the government running all of your companies.” Maxine Waters


16 posted on 03/19/2022 12:08:20 PM PDT by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: ChicagoConservative27

They are making money than a few years ago when they were losing their shirts.


17 posted on 03/19/2022 12:26:09 PM PDT by Brilliant
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To: ChicagoConservative27
We aren't paying for the gasoline that comes out of the nozzle at the end of the pipeline, we're paying for the crude oil that goes into the beginning of the pipeline.

Just like with a garden hose, it stops coming out of the back end if you stop filling it at the front end.

-PJ

18 posted on 03/19/2022 12:34:00 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: ChicagoConservative27

I get the distinct impression that Summer’s, as with some others from the ObamaIdiot administration, do not like BidenIdiot.....

Lulz


19 posted on 03/19/2022 12:36:15 PM PDT by cranked
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To: ChicagoConservative27

I honestly don’t know what to believe until the The Red Head speaks.
She is the official Minister of Truth in Moron’s Administration.


20 posted on 03/19/2022 12:46:40 PM PDT by Sam Clements
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