John Fetterman Calls for Prosecution of Price Gouging Corporate Executives

by | Aug 23, 2022 | Human Rights & Justice

Pennsylvania Lt. Gov. John Fetterman. (AP Photo/Keith Srakocic, File)

John Fetterman Calls for Prosecution of Price Gouging Corporate Executives

by | Aug 23, 2022 | Human Rights & Justice

Pennsylvania Lt. Gov. John Fetterman. (AP Photo/Keith Srakocic, File)
"It’s time we crack down on the big, price gouging corporations that are making record profits while jacking up prices for all of us," said John Fetterman, Pennsylvania U.S. Senate candidate.

Pennsylvania U.S. Senate candidate John Fetterman made the case Sunday for prosecuting corporate executives as part of a broader government crackdown on unlawful price gouging and other business practices that have driven up the costs of medicine, groceries, and gas—padding company bottom lines at the expense of consumers.

“Take the massive oil companies, for example,” the Democratic candidate wrote in an op-ed for the Pennsylvania Times Leader. “Chevron, Exxon, and Shell have seen their profits increase 200% since last year, but they’re still charging us sky-high prices for gas. Companies like Tyson posted over a billion dollars in profits last quarter, while raising prices on meat products our families depend on.”

“Out-of-touch politicians got us into this mess, we can’t trust an out-of-touch millionaire TV doctor to get us out of it.”

“It’s gross, and deeply unpatriotic, for the big corporations to be rolling around in cash while charging us record-high prices for gas and groceries,” wrote Fetterman, who is currently Pennsylvania’s lieutenant governor. “We’ll crack down on this by prosecuting the executives of these huge corporations, including the Big Oil companies and meatpacking companies who are artificially driving up prices, gouging consumers at the pump and at the grocery store.”

Fetterman’s op-ed comes just over a week after he held his first major public event since suffering a stroke in mid-May, days before the Democratic primary contest that he won handily.

The Democrat’s general election campaign in the critical battleground Pennsylvania—a state that could determine which party controls the U.S. Senate next year—currently enjoys a double-digit polling lead over his Republican opponent, the former celebrity television personality and ultra-millionaire Dr. Mehmet Oz.

Fetterman is looking to press his advantage by continuing to deploy populist messaging that presents Oz as a carpetbagger whose extreme wealth and ties to corporate interests such as Big Pharma render him unfit to deliver for the working class, whose earnings are being eroded by surging prescription drug prices, housing costs, and other inflationary trends.

According to one recent analysis, pharmaceutical companies in the U.S. have raised drug prices more than 1,100 times so far this year.

“Let’s be clear: Dr. Oz just isn’t connected to the struggles that Pennsylvanians are facing every day,” Fetterman wrote in his new op-ed. “While he’s been complaining about rising prices from his New Jersey Mansion, I’ve been meeting Pennsylvanians on grocery store runs, speaking with them about the challenges they’re facing, and finding real policy solutions that get stuff done and make their lives better.”

“Working Pennsylvanians are getting screwed,” he continued. “While costs are rising and wages are failing to keep up, too many of our leaders in Washington simply aren’t doing enough. Out-of-touch politicians got us into this mess, we can’t trust an out-of-touch millionaire TV doctor to get us out of it.”

In addition to prosecuting corporate executives for price-gouging and other abuses, Fetterman voices support for a range of policy solutions aimed at tackling rising costs and inequality, including:

  • Enacting a financial transaction tax on trades of stocks, bonds, and derivatives;
  • Ending the stranglehold of healthcare costs on American families by instituting a cap of a thousand dollars per year on out-of-pocket costs;
  • Passing legislation to allow for the importation of lower-priced prescription drugs from other countries; and
  • Putting a cap on prescription drug costs.

“If we start getting stuff done, starting with these priorities I’ve listed,” Fetterman wrote, “we can make real change for the towns, cities, and people of Pennsylvania.”

Republished with permission from Common Dreams, by Jake Johnson

<a href="http://commondreams.org" target="_blank">Common Dreams</a>

Common Dreams

Common Dreams has been providing breaking news & views for the progressive community since 1997. They are independent, non-profit, advertising-free and 100% reader supported.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Follow Us

Related Articles

Dec 01 2022

Ron DeSantis Puts Academics Under Attack in the Name of “Freedom”

A specialty of the so-called “champions of freedom” is to prohibit everything that does not suit their interests. Their repeated “free speech” means...
Nov 30 2022

Oath Keepers Convictions, the Limits of Free Speech — And the Threat Posed By Militias

Far-right extremists or other hate groups can claim they are just venting or even fantasizing—both of which would be protected under the First Amendment. For this...
Nov 23 2022

The Supreme Court Denies Trump’s Final Bid to Hide Tax Returns From House Committee

The ridiculous and repeated delaying tactics by Trump to hide his tax returns from Congress are finally over.
Nov 20 2022

Profits Over People: The Danger of Private Equity’s Stealthy Takeover of Health Care

Private equity is rapidly moving to reshape health care in America, coming off a banner year in 2021, when the deep-pocketed firms plowed $206 billion into more than...
Nov 18 2022

First Amendment: Censorship Law Backed by DeSantis Struck Down by Federal Judge

A Federal judge ruled, “…the First Amendment does not permit the State of Florida to muzzle its university professors, impose its own orthodoxy of...
Nov 11 2022

The Lost and Nearly Forgotten Story of the Bonus Army March

The Bonus Army March was one of the few times in American history when the U.S. military was used to shut down a massive demonstration of peaceful protesters.
Nov 03 2022

On Election Day—What to Do if Your Vote Is Challenged

Voting on election day is your right, privilege and duty. With all the noise created by the former president, complexities have been generated that can get in your way....
Nov 02 2022

The Barbaric Results of Republican Abortion Bans

In a new Senate report healthcare providers explained how abortion bans have adversely affected their ability to care for patients and have cut down on abortion access...
Oct 28 2022

Michigan Abortion Rights Vote: A Collision and Medicine and Politics

Kansas voted this year to keep abortion legal. Now Michigan is one of five states asking voters to weigh in on abortion policy in the wake of the Supreme Court’s June...
Oct 24 2022

Meet the Major Corporations Bankrolling the Anti-Abortion Attorneys General Group

Major corporations are backing RAGA (Republican Attorney Generals Association) which is devoting resources to key attorneys general races across the country.
Subscribe for Updates!

Subscribe for Updates!

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

Pin It on Pinterest

Share This