WOW! CNBC Wrecks Media by Blaming Biden for ‘Affordability Issue’

NewsBusters ^ | 1/12/2025 | Joseph Vazquez

[JV3MRC]

It’s always great TV when the business journos over at CNBC take a wrecking ball to the media’s never-ending croaking against the Trump administration for an affordability issue they pretended wasn’t such a big deal under its predecessor.

CNBC co-anchor Joe Kernen didn’t mince any words during the January 10 edition of Squawk Box. “[T]he affordability issue is from the 22% increase in prices and inflation under Biden. There's just — full stop. right there. That's the affordability issue. And you ought to be able to explain that,” Kernen rebuked. Gas prices alone had also spiked at least 31 percent during that period.

CNBC's guest, former Securities and Exchange Commission chair and Trump-nominated attorney for the Southern District of New York Jay Clayton concurred, arguing that the Trump administration was “thrown, you know what I would say, the worst economy for the average American in my adult lifetime in terms of — like you said — the incredible increase in prices at the household.”

CNBC co-anchor Becky Quick immediately attempted to interject with a point of order to keep the media narrative against Trump alive, “Except it's part of the reason that they won. And now Americans say, ‘Fix it. Make it better.’” This is the proverbial equivalent of a madman detonating a nuclear bomb followed by the media griping that the guy sent in to clean up the wreckage isn’t cleaning up the radiation spillage from the aftermath fast enough.

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TOPICS: Business/Economy; Government; Politics
KEYWORDS: cnbc; economy; joebiden; joekernen

[SunkenCiv]

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[thinden]

It’s always great TV when the business journos over at CNBC take a wrecking ball to the media’s never-ending croaking against the Trump administration for an affordability issue they pretended wasn’t such a big deal under its predecessor.

Xxxxxxxxxxxxx

That’s boom worthy