Capitalism

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. 

Americans woke up Thursday morning to an economy that contracted in the first quarter. The ABC, CBS and NBC morning news shows ignored the story.

The New York Times appears to be drunk on its hatred of American capitalism. The liberal rag stooped to burying its Marxist swipes at freemarkets in its — *checks notes* — crossword puzzle.

The Dow Jones industrial average took an icy plunge of more than 1,000 points on Monday — its worst start “ever” — but ABC, NBC, and CBS chose to whitewash the shocking news and gave the story just minutes of coverage.

On CBS Sunday Morning, the broadcast network made a new push to sell socialism by arguing that billionaires shouldn’t be allowed to exist and that their wealth should be seized by the government and spent on left-wing priorities like climate change. The segment featured radical guests demanding wealth redistribution and advocating the notion that “maybe you can be too rich.”

President Joe Biden announced a minimum wage hike to $15 per hour, and naturally, The New York Times took the side of Big Government mandates. This follows the bad economic news for Americans under the Biden regime: rapidly rising inflation, empty grocery store shelves and “a shrinking workforce.” 

New York Times economist Paul Krugman is once again making a fool of himself by letting everyone know he believes that 2021 was actually a great year for the economy. Really.

Inflation is skyrocketing, so let’s make matters worse! That seems to be the logic behind the “price controls” New York Magazine is promoting as a serious idea to fight off inflation. 

An elitist economist is insulting his readers by doubling down on the much-criticized notion that spiking inflation is only “transitory.” 

The Washington Post tried to whip out the generic “Republicans have pounced” cliché in order to spin some of the attention on skyrocketing prices away from President Joe Biden.

CNN has gone above and beyond the call of propaganda to spin economic coverage to benefit President Joe Biden’s White House. A new poll it released shows that effort has floundered.

President Joe Biden’s disastrous economic agenda has set the U.S. economy on a collision course, so what does CNN do? The network pinned blame on older Americans. CNN released a ridiculous story headlined, “The data that shows Boomers are to blame for the labor shortage.”

Bloomberg News co-founder Matthew Winkler had arguably one of the most ridiculous takes on President Joe Biden’s performance on the economy yet. Winkler wrote a Dec. 20 op-ed with an outrageous headline, “Biden's Economic Performance Has Proved Unbeatable.”

Billionaire Elon Musk has made a name for himself recently by mocking the left’s nonsensical multitrillion-dollar economic agenda. Two major media personalities have said he’s a good fit to replace Federal Reserve Chairman Jerome Powell.