The liberal media regularly downplay inflation or turn it into a positive: “Reduce the burden of your purchases”
For months, most of the media downplayed the effects of inflation and the supply chain crisis, with some even calling the economic hardship “good” for Americans, though it was a costly burden for Americans. families during this holiday season.
More recently, Yahoo Finance wrote, “Maybe the Christmas shortages are a giveaway.” In his article, senior columnist Rick Newman pleaded for a âpartial Christmasâ – not just in today’s rocky climate, but for years to come.
“Save money, time and aggravation by exploiting pandemic shortages to reduce your purchasing burden,” he said wrote.
âCollusion is illegal in business, but not in parenthood,â he later said. âSo get as many of your fellow parents as possible to participate in the program. That’s a solid argument: save money, time and aggravation by exploiting pandemic shortages to reduce your purchasing burden. be that you’ll actually enjoy the vacation for once. Use the money you save to buy something good for yourself. If you’re nervous, keep some cash on hand for the next day’s sale. “
âMaybe partial Christmas is more like a real Christmas than the excessive version,â he concluded. “Courageous parents have a chance to find out.”
ECONOMIC EXPERTS SUGGEST BOTH ‘INNOCENT’ AND POLITICAL REASONS THE MEDIA CONFERRED DURING THE SUPPLY CHAIN ââCRISIS
MSNBC opinion columnist James Surowiecki also argued that inflation could actually be a good thing for the economy.
“Even though millions of Americans have lost their jobs, improved unemployment benefits and stimulus payments have left many of them better off, not worse,” he wrote. “And the stock market, after it first fell, exploded.”
The liberal media have also been successful in blaming, mocking, or lecturing Americans affected by supply chain shortages. Time magazine was hit for its “excellent“after posting an article titled” How US Buyers Broke the Supply Chain. “
Prior to this report, The Atlantic also appeared to blame U.S. buyers for persistent supply chain shortages.
“Supply chain problems could be solved faster if well-off Americans stop buying things they don’t need and often don’t even really want,” Liberal Magazine wrote last month.
New York Times writer Sarah Jeong accused those worried about inflation of “turning around” on devalued assets. Carol Roth, author of The War on Small Business, offered a rebuttal.
“You can check just about * any * asset class and know that it makes absolutely no sense – assets have been inflated to record highs by the printing of the Fed $ and the stimulus measures This is the S&P 500, for example. Inflation is a tax that impacts the middle class and the poorest. Facts> feels, “Roth tweeted.
Other media figures have sparked outrage online by suggesting Americans are exaggerating the supply chain crisis. CNN’s Brian Stelter posted a photo of a well-stocked Wegman’s store with a caption suggesting there was an “abundance” of grocery items still available. Critics have noted that not everyone has the money to shop at Wegman’s and most of the milk is produced locally and is not imported.
One of the most prominent examples of experts downplaying the rising inflation rate has come from MSNBC’s Stephanie Ruhle. In an interview with “Sunday Today” host Willie Geist earlier this month, Ruhle claimed that “average” Americans can afford the higher prices that come with inflation, which has earned him the nickname of “Stephanie Antoinette” of its detractors.
âThe dirty little secret here, Willie, when no one likes to pay more, on average we have the money to do it,â she told NBC. “Household savings hit an all-time high during the pandemic, we really had nowhere to go out and spend.”
It was one of Ruhle’s many unpopular takes this year, including when she covered up Democrats who were being pummeled by suggesting they had in fact had a positive impact on the economy.
âAnd that’s unfortunate, but Democrats don’t do a great job of telling their economic story. Yes, that inflation number isn’t good. But they have a great economic story to tell, don’t. What not? Five million jobs created, 200 million people vaccinated. These vaccine numbers are directly related to the economy. You cannot open the economy without putting America back in good health. We are seeing a recovery What the Biden administration doesn’t do is sell this, and they can, “Ruhl said.
Several experts or news organizations have tried to find excuses for the struggling economy under the Biden administration. In his analysis for CNN, Stephen Collinson lamented that Republicans are committing an offense against President Biden for economic struggles without taking into account “mitigating factors” like a spike in demand induced by the pandemic and COVID-19 closures .
“None of these mitigating factors prevent Republicans from exploiting painful increases in the cost of living and prices at the pump to slam ‘Bidenflation’ and to assert that the president’s ambitious political agenda is wasting past economic gains,” Collinson wrote in the section titled “Republicans Pounce”.
SARCASTICALLY INCREASED TIME FOR A HIGH LEVEL MESSAGE AFTER BLAMING CONSUMERS FOR THE SUPPLY CHAIN ââCRISIS
MSNBC’s Joy Reid came to the same conclusion, suggesting to viewers that the idea that the economy is struggling is just a Republican talking point.
“So Republicans want you to believe the economy is not doing well, that it is terrible. Unemployment is at its lowest since the start of the pandemic. Prices are higher, which is never good. , but Americans are spending a record amount of money that was being pushed back during the pandemic, which Economy 101 will tell you, is pushing up prices, which is inflation, âReid explained.
Reid summed it up this way: âThe economy is not bad. People are crazy because everything is late and things cost a little more.
Economic experts recently told Fox News Digital that while the pandemic had an impact on the supply chain, Biden’s stimulus plans, his unemployment insurance program that kept Americans from working, and many other policies. have had an impact on the supply chain. Former Obama economic adviser Steven Rattner argued the same, including in an op-ed for the New York Times in which he asked how the current administration got “so wrong” on inflation. .
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Biden addressed the state of the economy during a White House speech on Tuesday but left without answering questions.