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Two Examinations of U.S. Economic Policy…

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Today I am pleased to present a double feature on economic policy. Michael Hudson leads off with an explanation of economic policy as a social cost to the working class, and I follow up with an explanation that US economic policy is an act of national suicide…

Joe Biden Read This: All You Need to Know About the U.S. Refining Industry…

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President Joe Biden has written to major oil companies to complain about the high refining margins for gasoline and diesel and demanded an explanation for refinery closures since 2020. The president’s letter, dated June 14, should be seen mostly as a political exercise to deflect responsibility for high fuel prices and accelerating inflation (“Biden warns big oil over gasoline output”, Axios, June 15)….

Exxon Mobil Slams Biden in Fiery Letter…

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”We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.”…

Economic Security is National Security, and the Foundation of Economic and National Security Is Energy Policy, Biden Is a Threat to National Security…

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Economic security is the foundation of national security. When the government takes action that destabilizes our economy, every element of national security is put at risk. We are experiencing that right now as we suffer through Joe Biden’s intentionally flawed energy policy that is destroying the U.S. economy and everyone within it…

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