Free Republic

CNN is back to its old schtick of desperately spinning higher gas prices to look like no big deal for Americans, even though they’re currently hovering at four-month highs. CNN addressed gas prices hitting $3.40 a gallon on Friday, after bottoming out at $3.07 in January. Instead of just reporting the straight news, CNN reporter Matt Egan begged readers in his headline: “Gas prices have surged to four-month highs. Don’t panic.” Egan has become a comedic figure at CNN for persistently doing the facts tango for President Joe Biden to deceive Americans struggling to pay at the pump, so it’s...

Stop complaining about President Joe Biden’s economy, Americans! You’re wealthier than ever! Yes, CNN reached new heights of gaslighting when it tried to sell that line with a straight face to readers. CNN Reporter and in-house Bidenomics shill Matt Egan ran a false story riddled with utter nonsense. “Americans have never been wealthier,” read Egan’s headline. “Fueled by a resurgent stock market and rising home values, US household wealth hit a record $154.3 trillion during the second quarter of this year, according to federal data.” But as Heritage Foundation economist EJ Antoni bluntly put it, CNN’s framing was flat-out “wrong.”...

The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns. Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances. The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.

CNN is experiencing the “life comes at you fast” adage in real time as a poor government prediction it touted on skyrocketing gas prices came back to haunt the network. CNN reporter Matt Egan published a Dec. 8 story with a foolish headline that needs no explanation in light of recent news on gas prices: “Gas prices will tumble below $3 a gallon soon, government forecasts.” Egan propagandized the government’s crystal ball on Twitter: “Sub-$3 gas is coming soon? @EIAgov projects prices at the pump will average $2.88 in 2022. Fast-forward six months later, and CNN would run another story...

CNN’s Matt Egan spun himself into a whirlpool of insanity trying to downplay bad economic growth. The Bureau of Economic Analysis (BEA) reported that Gross Domestic Product contracted 1.4 percent in Q1, which was the complete opposite of economists who estimated a 1 percent increase, a 2.4 percentage point miss. U.S. GDP taking a nosedive was worsened by the 40-year-high inflation currently plaguing the economy and drilling holes in Americans’ wallets. Janney Chief Fixed Income Strategist Guy LeBas summed up the significance of the GDP falling into the negative against expectations of growth: “Nasty miss.” Egan tried to minimize the...

The price of oil surged to $75 a barrel the other day under President Joe Biden's green energy policies. The price was as low as $35 a barrel under former President Donald Trump because he believed in American energy dominance ("Drill, baby, drill"). So, more oil meant lower prices at the pump. It was effectively a massive, multibillion-dollar tax cut for lower- and middle-income earners of tens of billions of dollars a year. But now, with the exploding demand for energy as the world economy reopens, the self-defeating Biden policy is to curtail oil drilling here at home, which is...

CNN’s knee-jerk reaction to spiking gas prices was to protect President Joe Biden, and Twitter users jumped all over the outlet for it. CNN Business published a ridiculous story headlined, “Gas prices are above $3. Biden doesn’t have a magic wand to fix that.” CNN Business Lead Writer Matt Egan patronized readers by saying, “President Joe Biden is being attacked for $3 gasoline. But the truth is the White House isn’t to blame for high gas prices – and has few options to lower them.” The CNN Business tweet of Egan’s pro-Biden propaganda was heavily ratioed. Did Egan forget that...

The economy has gone from President Donald Trump's greatest political asset to perhaps his biggest weakness. Unemployment is spiking at an unprecedented rate. Consumer spending is vanishing. And GDP is collapsing. History shows that dreadful economic trends like these spell doom for sitting presidents seeking reelection. The coronavirus recession will cause Trump to suffer a "historic defeat" in November, a national election model released Wednesday by Oxford Economics predicted. The model, which uses unemployment, disposable income and inflation to forecast election results, predicts that Trump will lose in a landslide, capturing just 35% of the popular vote. That's a sharp...