Economy

Rents have reached record highs. But have no fear, renters! In the Minnesota cities of St. Paul and Minneapolis, progressives persuaded people to vote for rent control. That'll punish those greedy landlords! Except, profits are what persuade builders to build things. When profits are high, other builders build. That's what creates more housing and, eventually, lower rents. Put limits on prices…

Fox News host Tucker Carlson demolished the excuse that “Putin’s Price Hike” is more responsible for high gas prices than the anti-energy policies of the current U.S. president.

On Wednesday morning, ABC, CBS, and NBC chose to do something it’s only occasionally done in mentioning President Biden during their coverage of the porous economy. But, as one would expect, they absolved him of blame and instead commiserated with the “frustrated” President as he’s “[felt] the heat” from voters while “pointing fingers at” Republicans and “tout[ing] his economic agenda.”

The Bloomberg Opinion Editorial Board had a bit of a red pill moment on how bad the inflation crisis actually is, but didn’t lay any blame at the feet of President Joe Biden and the Federal Reserve.

The Washington Post whined that the energy crisis isn’t “spurring a green revolution” while many Americans suffer from skyrocketing food and gas prices.

On Tuesday night’s The 11th Hour on MSNBC, host Stephanie Ruhle and journalist and CEO of the Nevada Independent Jon Ralston discussed the current economic issues in the country and complained that the Republican Party is blocking Biden’s legislation to bring down costs for Americans, and claimed they have no solutions of their own. 

On Tuesday, President Joe Biden spoke to the AFL-CIO and addressed the nation’s crumbling economy and skyrocketing inflation that Americans are suffering under during his reign. During that speech, he blamed everyone and everything but himself and his policies for the economic struggles. 

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.