Posted on 02/13/2024 10:18:46 AM PST by JV3MRC
Consumer prices jumped hotter-than-expected, and leftist media outlets were predictably fumbling over themselves trying to spin the bad news in any which way they could to protect the floundering Biden economy.
The latest Bureau of Labor Statistics inflation report showed that consumer prices spiked 3.1 percent year-over year, with a 0.3 percent increase month-over-month, both exceeding expectations. CBS News even conceded the new hot numbers “complicat[ed]” the Federal Reserve’s decision to cut interest rates. The outlet also noted that higher prices “remain sticky.” The Dow Jones Industrial Average also tumbled over 400 points following the news. But that didn’t stop outlets like CNN from trying to flip the script as if their readers were too stupid to see right through the manufactured haze. “Good news for Americans: Inflation cooled back down in January,” read CNN’s twisted headline. CNN’s ridiculous tweet of its story was just as bad: “US inflation cooled down in January, offering some relief for Americans who have suffered through the steepest price hikes in four decades.” Saying “Inflation cooled less than expected” is a completely backward way of describing a hot inflation report. [Emphasis added.]
CNN and others in the media who followed this logic should know that too much spin makes people dizzy. CNN must have realized the stupidity of its original headline for its story, because it was stealth-edited later.
Arguing that hotter-than-expected inflation simultaneously means prices “cool[ed]” is the epitome of an oxymoron, but don’t expect Biden’s media lackeys to be logically consistent. As MRC Business Vice President Dan Schneider concluded in a statement: “‘Hell is not as hot as we thought it was going to be.’ That’s the typical response we get from Biden’s fawning media. They just can’t help themselves. They stopped being journalists a long time ago.”
(Excerpt) Read more at newsbusters.org ...
38,234.83 −562.55 (1.45%)
38,234.83 −562.55 (1.45%)
38,099 -698
I have to apologize to Biden
I thought paper towels 🧻 had gone from 50 cents to 88 cents at Walmart
I bought a roll tonight and it was actually 68 cents
So it “only” went up 🆙⬆️⬆️🆙 (18/50) x 100 = 36 percent
I didn’t get an extra 36% in my Social Security though.....
And ALL other prices are up - especially food
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