Economy

A former Federal Reserve chairman who dismissed concerns about the 2000s housing bubble attempted to squash fears of a 1970s-style inflation crisis under President Joe Biden.

President Joe Biden’s economic advisor told CNBC that the White House didn’t miss “much at all” on inflation. That was despite inflation firing up in June for the fastest increase since December 1981.

Despite having had almost a week off due to the Summit of the Americas, White House Press Secretary Karine Jean-Pierre’s performance and preparation showed zero progress during Monday’s briefing as she fumbled and jumbled her way through questions about everything from the attempted assassination of Supreme Court Justice Brett Kavanaugh to the baby formula shortage to the economy.

MSNBC’s Stephanie Ruhle is having a hard time deciding whether the economy is actually doing well or whether it isn’t, but President Biden bears no responsibility for it. On Monday’s edition of The 11th Hour, Ruhle delivered a monologue where absolved Biden of any blame and condemned Republicans for “using inflation to push people to the polls.”

Google offered to allow ads from rival companies to settle an antitrust investigation.

After another disastrous day on Wall Street which saw the Dow Jones Industrial Average plunged almost 900 points at the close among fears of a pending recession, all three evening news networks ignored the fact this meant all stock market gains made during the Biden administration have been wiped out. 

A 25-year-old YouTuber and boxer seems to have found a new political punching bag: President Joe Biden.

CNN is experiencing the “life comes at you fast” adage in real time as a poor government prediction it touted on skyrocketing gas prices came back to haunt the network.

The May inflation report turned the mood at Atlantic magazine into funeral parlor mode. They asked about Team Biden "How Did They Get Inflation So Wrong?"

On the Friday edition of Morning Joe, the hosts and guests whined at Republicans for “deflecting and deflecting” the “attack on our democracy” and Joe Scarborough glorified Rep. Liz Cheney (R-WY) as the new Winston Churchill of our time.

The NBC, CBS and ABC morning news shows largely ignored a devastating report showing that inflation skyrocketed in May for the fastest increase since December 1981.

Remember when The New York Times attempted to spin the 1970s stagflation crisis in order to protect former President Jimmy Carter’s political image before the 1980 elections? MRC Business does.

The former police commissioner for New York City exposed liberal billionaire George Soros’s “insidious plot” to elect radical leftist district attorneys across the country. 

CNN’s Don Lemon Tonight on Tuesday hosted CNN political commentator Paul Begala and senior political analyst Kirsten Powers to make the Democrat message loud and clear going into these November midterms: Republicans would make all our problems worse and only Democrats could (somehow) make them better, despite already being in control of Congress and the White House.