What planet does President Joe Biden occupy when he talks about corporate profits and rent controls? At his Thursday press conference, Biden said: “I’m not anti-corporate. But corporate profits have doubled since the pandemic — doubled. It’s time things get back in order a little bit. It’s time — for example, if I’m reelected, we’re going to make sure that rents are kept at 5% increase, corporate rents for … apartments and the like and homes are limited to 5%.”

Biden does not understand economics. Profits help make America great. The Left’s supporters are apoplectic when former President Donald Trump exaggerates, but when their hero, good old Joe, lies about the corporate sector, they are OK. That’s because business is bad and profit is evil.