Americans Aren't Buying Biden's "Strong Economy" Propaganda
Jun 14, 2024 1:27:48 GMT -5
Post by Berean on Jun 14, 2024 1:27:48 GMT -5
Why Americans Aren't Buying Biden's "Strong Economy" Propaganda
BY TYLER DURDEN
THURSDAY, JUN 13, 2024 - 08:00 PM
It's become a bit (or more than a bit) of a joke: Biden is doing everything in his power - and beyond that too now that Fed Chair Jerome Powell has admitted what we have been saying all along and that the White House has been "overstating" jobs - to prove to America just how great his "economic recovery" is, and the more he tries the more people hate it.
And the funny thing is, the responses themselves are prima facie evidence of precisely the propaganda embedded in this discussion.
Consider that last October, the WSJ published an op-ed by the ultra liberal Alan Blinder titled "The Economy Is Great. Why Do Americans Blame Biden?" (his conclusion was "Inflation is lower, but some won’t be happy until prices come down too. That would be a disaster.") A few months later, in April, the even more liberal WSJ editorialist Greg Ip wrote "What’s Wrong With the Economy? It’s You, Not the Data." These desperate attempts to spark adoration for Bidenomics were a disaster, and in May the University of Michigan consumer confidence cratered the most since August 2021...
... forcing the WSJ to point out the painfully obvious: in an article from the editorial board titled "Why Biden Is Losing on the Economy", the WSJ capitulated and pointed out the glaringly obvious: "The average annual inflation rate during his Presidency is 5.5%. Under Trump it was 1.9%."
Alas, this moment of lucidity did not stop the propaganda express, and over the weekend Politico came up with what can only be described as pathetic pandering, writing that "Inside Biden’s orbit, the fear is that there’s little new the administration can do to change the perceptions of a stubborn electorate that’s living through an upswing — yet simply refusing to believe it." Translation: the deplorables are too stupid to appreciate just how great they have it.
Continued at link
BY TYLER DURDEN
THURSDAY, JUN 13, 2024 - 08:00 PM
It's become a bit (or more than a bit) of a joke: Biden is doing everything in his power - and beyond that too now that Fed Chair Jerome Powell has admitted what we have been saying all along and that the White House has been "overstating" jobs - to prove to America just how great his "economic recovery" is, and the more he tries the more people hate it.
And the funny thing is, the responses themselves are prima facie evidence of precisely the propaganda embedded in this discussion.
Consider that last October, the WSJ published an op-ed by the ultra liberal Alan Blinder titled "The Economy Is Great. Why Do Americans Blame Biden?" (his conclusion was "Inflation is lower, but some won’t be happy until prices come down too. That would be a disaster.") A few months later, in April, the even more liberal WSJ editorialist Greg Ip wrote "What’s Wrong With the Economy? It’s You, Not the Data." These desperate attempts to spark adoration for Bidenomics were a disaster, and in May the University of Michigan consumer confidence cratered the most since August 2021...
... forcing the WSJ to point out the painfully obvious: in an article from the editorial board titled "Why Biden Is Losing on the Economy", the WSJ capitulated and pointed out the glaringly obvious: "The average annual inflation rate during his Presidency is 5.5%. Under Trump it was 1.9%."
Alas, this moment of lucidity did not stop the propaganda express, and over the weekend Politico came up with what can only be described as pathetic pandering, writing that "Inside Biden’s orbit, the fear is that there’s little new the administration can do to change the perceptions of a stubborn electorate that’s living through an upswing — yet simply refusing to believe it." Translation: the deplorables are too stupid to appreciate just how great they have it.
Continued at link
