This morning, the Labor Department released new figures showing the consumer price index rose 6.8% in November from one year ago. That’s the highest inflation rise in 39 years. The previous high was 7.1% in June 1982, when Reagan was still trying to wrestle Carter-era stagflation under control.
Still, those reported secret meetings between the Biden White House and the lapdog media appear to be bearing rotten fruit, as the phrase “Biden Boom” briefly trended on Twitter yesterday.
Believe it or not, “boom” is not the sound of this Administration imploding. The media are actually trying to convince us that the economy is booming thanks to this Administration’s brilliant leadership. It’s a jaw dropping insult to the intelligence of the American people.
To be fair, gas prices are actually a few cents lighter, which isn’t the only gaslighting going on, although Biden is having a little trouble saying so.
But getting gas prices to under $3 a gallon when they were under $2 a gallon when you took over less than 11 months ago is not something to brag about. Neither is anything else in this economy.
Go to that first link at Redstate.com to see the charts that aren’t carefully edited and cherry picked. You’ll notice that the alleged “historically fast Biden jobs creation” is nothing but businesses reopening after being forced to close due to COVID panic, and the level of employment is still nowhere near what it was before that artificially-induced crash.
The propaganda campaign doesn’t seem to be working on small business owners.
A new Zogby poll found that among companies with $10 million or less in annual revenues, executives think things are worse under Biden rather than better by a 56-44% margin. Include their workers, and it’s the same result by 53-47%. Among those owners and executives, Biden’s reelection is opposed by 61-39%. Among executives of businesses that make over $10 million a year, Biden’s reelection is opposed by 54-46%. I have a feeling that if you filtered out Big Tech and pharmaceutical companies, that last number would look even worse.
Fortunately, the media have so destroyed their own credibility in recent years that I seriously doubt they have the brainwashing power to convince the 70% of Americans who think the economy is on the wrong track (November Fannie Mae National Housing Survey) that everything is rosy thanks to Joe, as they spend their kids’ college fund on a tank of gas and a week’s worth of groceries.