Charles Payne: Biden Lavished Trillions on Favored Businesses and Industries

PAYNE Alright folks So ░░░░░░░░ Biden is out but ░░░░░░░░ media well they continue ░░░░░░░░ warnings of oligarchs and ░░░░░░░░ day Robber Barons In ░░░░░░░░ many are pointing to ░░░░░░░░ photo right the Big ░░░░░░░░ attendees at the inauguration ░░░░░░░░ CEOs of five of ░░░░░░░░ Mag 7 companies we ░░░░░░░░ talking about 12 trillion ░░░░░░░░ market cap witnessing Donald ░░░░░░░░ being sworn in as ░░░░░░░░ 47th president of the ░░░░░░░░ States Now considering the ░░░░░░░░ of technology in the ░░░░░░░░ I actually took more ░░░░░░░░ in the amicable relationship ░░░░░░░░ you know and these ░░░░░░░░ sort of constant warnings ░░░░░░░░ they had to deal ░░░░░░░░ before regulatory actions including ░░░░░░░░ breaking these behemoths up ░░░░░░░░ was always like wagging ░░░░░░░░ finger at them where ░░░░░░░░ want to control you ░░░░░░░░ I will say this ░░░░░░░░ it comes to the ░░░░░░░░ wealthy rhetoric is one ░░░░░░░░ Reality is another President ░░░░░░░░ was amazing for the ░░░░░░░░ folks out there He ░░░░░░░░ them with trillions of ░░░░░░░░ Of course it was ░░░░░░░░ favorite businesses and industries ░░░░░░░░ it didn t matter ░░░░░░░░ they struggled on their ░░░░░░░░ Even many of them ░░░░░░░░ be quite Frank with ░░░░░░░░ would not exist without ░░░░░░░░ money Cato in fact ░░░░░░░░ the energy subsidies and ░░░░░░░░ could be as high ░░░░░░░░ 1 8 trillion All ░░░░░░░░ the programs really were ░░░░░░░░ direct pipeline from your ░░░░░░░░ into the pockets of ░░░░░░░░ ultra wealthy And you ░░░░░░░░ looking at some of ░░░░░░░░ big ones right Of ░░░░░░░░ all of this lavish ░░░░░░░░ trying to sort of ░░░░░░░░ winners and losers it ░░░░░░░░ the government you your ░░░░░░░░ money a lot of ░░░░░░░░ And of course we ░░░░░░░░ see what happened right ░░░░░░░░ respect to the renewed ░░░░░░░░ in our deficit it ░░░░░░░░ going back up higher ░░░░░░░░ higher and higher Meanwhile ░░░░░░░░ happened in real life ░░░░░░░░ happened to real wealth ░░░░░░░░ is going back just ░░░░░░░░ few years I want ░░░░░░░░ to take a real ░░░░░░░░ look at this because ░░░░░░░░ s absolutely amazing right ░░░░░░░░ top 10 percent they ░░░░░░░░ their wealth absolutely explode ░░░░░░░░ the past four years ░░░░░░░░ The orange by the ░░░░░░░░ you see where the ░░░░░░░░ is that s where ░░░░░░░░ top 10 percent go ░░░░░░░░ then of course the ░░░░░░░░ one percent at the ░░░░░░░░ bottom at the very ░░░░░░░░ rather But look at ░░░░░░░░ line that red line ░░░░░░░░ then look at that ░░░░░░░░ yellow line That line ░░░░░░░░ there that big space ░░░░░░░░ red space is the ░░░░░░░░ percent of the one ░░░░░░░░ They had more money ░░░░░░░░ they and they earned ░░░░░░░░ money in the last ░░░░░░░░ years than the bottom ░░░░░░░░ percent by a long ░░░░░░░░