Reality has been pretty harsh to the presstitutes at CNN who’ve made it a point of shoving “Bidenomics” down the American people’s throats regardless of how foolish they look doing so.
CNN Reporter Matt Egan ran an Aug. 11 story that completely undercut much of his network’s propaganda narrative on Bidenomics. CNN had been selling President Joe Biden’s atrocious economic policy as some kind of stroke of genius for months, but Egan's own headline undermined his employer's sales pitch: “US inflation means families are spending $709 more per month than two years ago."
Specifically, said Egan, the “typical American household” is paying hundreds of dollars more for the same goods and services compared to two years ago. “That figure underscores the cumulative impact high inflation has had on consumer finances.” But here’s the damning bit: The terms “Biden,” “president” and “White House” don’t appear once in Egan’s entire story. Did CNN forget who the current president overseeing this economy is?
Perhaps Egan left out Biden's name from his story because it would thoroughly undermine the president's Aug. 10 statement praising “Bidenomics.” Biden falsely made the economy out to be the picture of health. “We’re growing the economy from the middle out and bottom up, lowering costs for hardworking families, and making smart investments in America: that’s Bidenomics,” Biden claimed. But Egan’s own reporting decimates that propaganda. [Emphasis added.]
CNN released Egan’s story a day after MRC Business published a study exposing CNN's glowing coverage promoting “Bidenomics” after Biden embraced the term on June 17. MRC Business researchers reviewed all CNN Nexis transcripts from June 17 to Aug. 7 for any mention of the term “Bidenomics” on the network’s TV coverage. Researchers compared the amount of positive and negative coverage. It wasn’t even close.
Seventy-nine percent of the qualitative comments on “Bidenomics'' were positive, while a mere 21 percent were negative. CNN used phrases like “historically low unemployment,” “a lot to be proud of,” and “a very, very strong job market” to make “Bidenomics” out to be anything but the inflation-causing disaster that it’s been. But CNN’s pravda artists were apparently disgruntled that their misleading coverage wasn’t holding much weight with Americans. An Aug. 3 CNN.com story was headlined: “CNN Poll: Half of Americans think the economy is getting worse, despite months of stronger economic news.” [Emphasis added.]
“High inflation of the past 2+ years has done lots of economic damage,” Zandi said in a post on X (formerly Twitter) that Egan cited. “Most of that increase in spending is driven by housing costs, which have surged, Zandi told CNN in an email on Friday. He added that families are also spending more at the grocery store; on buying, maintaining and insuring vehicles and on recreational services like cable.” But it gets worse, as Egan conceded: “Of course, paychecks have also grown over the past two years — but not by as much as the cost of living.” [Emphasis added.]
But none of the cascading bad news was enough to prevent Egan from attempting to toss Bidenomics a lifeline. “The good news is that wages are finally starting to outpace inflation and consumer price growth has eased significantly, so much so that many investors are betting the Federal Reserve is done raising interest rates.” But this is misleading, as Job Creators Network CEO Alfredo Ortiz told The Daily Signal Aug. 10: “Core inflation continues to rise faster than average wages, meaning American living standards are stagnant. Over the course of Biden’s term, inflation has increased by more than 16%, far faster than average wages.”
Conservatives are under attack. Contact CNN at 404-827-1500 and demand the outlet tell the truth about how terrible Bidenomics has been for the U.S. economy.