STICKER SHOCK! CNN’s New Day Admits Inflation Fears Are Legitimate: 'It’s Coming'

May 10th, 2021 10:41 AM

CNN recently had a rough day when it conceded realities that underscored why President Joe Biden’s stimulus monstrosity was proving to be a disaster for the economy.

CNN co-anchor Brianna Keilar admitted that a “debate erupted this week over the risk of inflation in the U.S” during the May 7 edition of New Day.  She juxtaposed her comment with what she called “all the good economic news.” She then tried to undercut concerns by noting Treasury Secretary Janet Yellen “downplaying those risks, saying that interest rates may have to rise a bit to keep the economy from overheating.” However, Keilar shifted to introduce a “New Day explainer from [Chief Business Correspondent] Christine Romans on why you’re starting to see prices of products rising.” It’s too bad former President Barack Obama’s National Economic Council Director Larry Summers already warned about inflation dangers for months.

Romans summarized why Americans were right to feel concerned about inflation while justifying Biden’s “historic stimulus”:

The pandemic disrupted supply chains and consumer behavior. Working out kinks in distribution is causing shortages and price spikes from lumber to steel to rental cars. Add in the historic stimulus to keep the coronavirus recession from becoming a depression, more people have money in their pockets, and they’re chasing after higher prices as the economy reopens. If you haven’t felt it yet, it’s coming, [emphasis added].

For CNN, the admission was a drastically different tone compared to how New Day had recently celebrated Biden’s massive $1.9 trillion stimulus in March. In fact, CNN Senior Political Analyst John Avlon propagandized March 9 how “Biden's American Rescue Plan could cut poverty by a third and childhood poverty by nearly 60% according to Columbia University.”

Keilar’s most recent celebration of “all the good economic news” also came just hours before the Bureau of Labor Statistics (BLS) released a disastrous job growth report. The report showed that the U.S. economy only added 266,000 jobs in April and that unemployment ticked up to 6.1 percent. Prior to the release of the report, media outlets were pushing that the economy was slated to add anywhere between 1 million and a whopping 2 million jobs. The BLS number showed the media were haphazardly pushing statistics that were wildly off the mark.  

Prior to the BLS report release on the same edition of New Day, CNN co-anchor John Berman celebrated the upcoming jobs data as proof of an “undeniable comeback for the U.S. economy.” After the BLS released the jobs report, Berman and Romans were left scrambling to try to explain why they were so wrong on their estimates. Romans even tried to spin the reporting disaster by saying, “[A]t least it’s going in the right direction.”



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