Comments by "michael" (@michaeld4861) on "FED Chair F*cks Workers | The Kyle Kulinski Show" video.

Besides, you can't afford a home or a loan when you've lost your job. And if you already have a home but have to sell during a market downturn Blackrock will be there with their piles of cash to snap up the home you lose at a nice discount.
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@LuisGarcia-ym5th No because higher interest rates and lower wages + sky high home prices mean people can't afford a home and even the ones that can end up paying at least 2x the actual value in interest payments. Meanwhile BlackRock has a ton of cash and can buy up another neighborhood without any (or less than regular people) interest rates. And if they need to they can just offload a couple homes that have now doubled in value in the last decade.
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Robert Reich is always spot on! And Biden has really been dropping the ball lately. I fell like the very few things he's done to actually help working people are all falling thru the cracks because he's done them half assed (like student loans), meanwhile he allows Powell to kill working people and does nothing to help fight monopolies and inflation.
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And here we have entire republican states accusing Blackrock of being too "woke" and not focusing on profits over people. Some states have literally made it illegal for retirement funds to NOT give money to big oil. We live in the stupidest world imaginable.
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Yeah Powell is a typical banker/corporate puppet. He's already admitted to congress that corporate greed and supply chain issues and oil problems are almost the entire problem and wages are not an issue AND he's admitted that raising rates will not change these things yet continues to do the exact thing that he claims will not help.
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