Leave it to leftist rags like Fortune magazine to target older Americans to insulate President Joe Biden’s disastrous economic policies from blame for the ongoing inflation struggle.
The magazine published a condescending Nov. 30 story with a ridiculous headline: “Aging boomers are making it harder to tame inflation—and there are no quick solutions in sight.” Fortune complained about “fewer older Americans handing over your fast food order or working part-time at the local grocery store” before dipping deeper in the toilet of brazen elitism. “
Those missing workers are not just causing the ‘help wanted’ signs to linger, but are actually making it harder to tame sky-high inflation levels,” Fortune spewed.
Never mind that sky-high inflation presumably wouldn’t be this much of an issue in the first place if it weren’t for the Federal Reserve’s insane money-printing policies compounded by Biden’s spending spree initiated through his gargantuan $1.9 trillion stimulus in 2021.
In fact, Fortune’s propaganda piece didn't even mention the word “Biden." It even attempted to wield analysis from the environmental, social and governance standards (ESG)-obsessed BlackRock to lambaste the changing demographics and make the Fed appear like a victim.
The “shortfall makes for a tighter workforce where employers have been upping wages to attract and retain the employees they need, as well as simply forgoing the desired staffing levels,” Fortune claimed. “And the Federal Reserve’s interest rate hikes alone are unlikely to cure constraints like labor shortages.” The magazine piggybacked off BlackRock to lecture Americans for daring to age out of the workforce:
The number of older Americans over the age of 65 is not only growing and hitting their retirement age, they’re also not coming back to the workforce in the numbers seen prior to the COVID-19 pandemic. That has major implications—not only for issues like worker shortages and compensation and employee leverage, but also for current and future inflation levels.
This is the same publication that once tried to spin inflation as somehow beneficial in an absurd Sept. 17 story headlined: “Why you should be happy about inflation and worried about something else, top economist Brad DeLong says.”
Fortune is, unsurprisingly, turning economic blame away from Biden and the Fed, and onto Americans. Treasury Secretary Janet Yellen railed against Americans’ “splurging” for the record high inflation she once tried to dismiss as “transitory.” In November 2021, TIME magazine blamed “American shoppers” for breaking the supply chain.
But there’s a reason why Big Government is trying to avoid scrutiny. Regarding the Fed, Johns Hopkins University economist Steve Hanke critiqued that “[t]hey don’t want the noose around their neck as being the culprits that created the mess we're in with inflation right now that everyone’s so mad about.”
In Hanke’s estimation, “There has never been a sustained inflation any place in the world that hasn’t been caused by a preceding sustained increase in the money supply. Never.”
But Fortune apparently wants readers to blame those “aging boomers” instead. Yikes.
Conservatives are under attack. Contact Fortune Editor-in-Chief Alyson Shontell at email@example.com and demand the publication quit blaming Americans for Biden and the Fed’s inflationary policies.