Posted on 05/22/2024 6:21:55 PM PDT by Libloather
MSNBC host Stephanie Ruhle called upon the president of Chicago’s Federal Reserve to tell viewers that they are economically far better off than they think.
"We need an economic explainer," the MSNBC host said. "People are confused, they’re exhausted, but they’re also doing quite well."
Ruhle, who hosts MSNBC’s "The Eleventh Hour," had been discussing a recent Federal Reserve report that "shows people are still struggling to cover day-to-day expenses, even as inflation has slowed." She noted how some major brands are responding by enticing consumers with slashed prices, "Target says it is cutting prices on 5,000 essential items, things like milk, butter, pet food. Wendy's is now offering a $3 breakfast deal. And rivals like McDonald's are offering new lower-priced value meals."
She enlisted Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, to tell her viewers about the current state of the economy, noting to Goolsbee, "Lots of things that were not considered luxuries before now are, because things have gotten expensive. However, we have more purchasing power today than we did in 2019. What’s going on with the American consumer psyche?"
(Excerpt) Read more at foxbusiness.com ...
Dems push Biden to act on food prices as inflation ranks top issue ahead of election
https://www.msn.com/en-us/news/politics/dems-push-biden-to-act-on-food-prices-as-inflation-ranks-top-issue-ahead-of-election/ar-BB1momY1
It’s insulting that they think we “need” someone to blow smoke up our butts and tell us it’s sunshine….
I don’t think I have ever watched 5 minutes of that crap channel.
I’m doing quite well since I got laid off last October and my unemployment ran out this month. The fact that the price of eggs, bread, milk, and gas have all at least doubled in the last two years just makes it all that much better.
L
Maybe they can get ancient Rita Moreno to sing everything great in America again.
Dig into these quick and compelling explainers from TED-Ed and the World Economic Forum for a taste of economics in action.
only explainers I could find.
We need “economic explainers” like we need “climate communicators.” These slime balls think we are so credulous, and sadly, so many really are.
Recession or worse on the way.
Kids have already moved back home and by 26 you’ve been laid off at least once.
Credit Card Delinquencies up and up.
Those kind of people have always had it easy, never having to get their hands dirty-literally-thinking they’re smarter than you and I and that gives them the right to tell US how to live. Screw them.
Good luck, I hope things work out for you.
Thanks. There’s always Uber, I guess.
Enjoy your evening.
L
What classic gaslighting.
That’s right, comrade! Our gasoline rations have been increased from 20 gallons per month at $5 per gallon to 10 gallons per month at $8 per gallon. We love Big Brandon! Yay!
Sure, piss down my back and tell me it’s raining. I hate these people.
“It’s insulting that they think we “need” someone to blow smoke up our butts and tell us it’s sunshine….”
Sort of like being pissed on and being told it’s raining.
Going broke at light speed is really working out well for me. Explain that dipstick.
Gaslighting bastards. Pissing on my leg, telling me it’s raining. Because paying $60.00 for dinner for the wife and I at a mom and pop restaurant is the sign of a great economy!
Who ya gonna believe?
MSNBC or your lying bank account?
Actually the inflation index used by Social Security is running at an annualized rate through the first 4 months of this year at over 7%. Inflation is going up, not coming down.
“People are confused,”
Translation -
“people don’t believe the lies we are telling them 24/7 on MSDNC and CNN”
Well, only half the people are believing the lies.
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