Economy

CNBC’s on-air editor Rick Santelli has had it with the Biden administration’s gaslighting on the skyrocketing inflation plaguing the U.S. economy. The Bureau of Labor Statistics released a report March 10 showing that inflation shot up 7.9 percent on a year-to-year basis in February for the highest level in more than 40 years and slightly beat expectations.

The ABC, CBS and NBC evening news shows buried a report showing that most Americans currently live paycheck to paycheck as the cost of living continues to skyrocket. Fintech marketplace bank LendingClub released a report March 3, which stated that “[t]he number of consumers living paycheck to paycheck has increased steadily since April 2021 and was 64% in January 2022 – 12 percentage points…

CNN economics and political commentator Catherine Rampell called out the liberal media’s fairy tale that gas prices are skyrocketing mainly because of the war in Ukraine. Rampell appeared on the March 8 edition of CNN anchor Kate Bolduan’s show to explain what President Joe Biden’s announcement to ban oil and gas imports from Russia might mean for Americans. 

Billionaire socialite and TV star Kim Kardashian had some pretty blunt words of advice to give to the current generation of women in business — “work.” But she added expletives for emphasis.

In an unbelievable display of gaslighting and economic illiteracy, a Wednesday night segment on CBS Evening News tried to convince their viewers that the high prices they're paying for beef, chicken, and pork are due to "corporate greed." 

On Monday, CNSNews Blog Editor Craig Bannister reported: “At a White House event on Friday, Council of Economic Advisers chair Cecilia Rouse was thrown a softball question from a Washington Post reporter who declared that President Joe Biden isn’t getting enough credit for his accomplishments.”

A new poll obliterated the liberal media’s attempts to hypnotize Americans into believing that a leftist green agenda is preferable to lower gas prices and U.S. energy independence. But to the horror of Al Gore superfans and radical environmentalists, the eco-brainwashing does not seem to have worked on the American people.

Was it part of multimillionaire CBS comedian Stephen Colbert’s routine to look like a complete hypocrite by lecturing people about the morals of paying higher gas prices?

NewsBusters deputy managing editor Nick “Night Train” Fondacaro and I began our week of guest hosting the NewsBusters podcast by highlighting the downfall of Kremlin-funded RT and why no one should be shedding tears. We also discussed where the liberal media have failed (hint: it has to do with energy) and succeeded in reminding people of what honest journalism should look like.

CNN went all out to hype a small decrease in gas prices in December as a sign of better days. Now that gas prices have skyrocketed, the network’s twisted coverage deserves revisiting.

Two of the top economists at the George Soros-funded Economic Policy Institute (EPI) claimed in an op-ed for CNN Business that U.S. families have become “better off” thanks to government stimulus money. They also wrote that America is experiencing a “strong recovery” — except they made zero mention of record high gas prices and completely downplayed concerns over inflation.

The New York Times pinned responsibility for “containing inflation” on the U.S. Federal Reserve, despite President Joe Biden’s vague promises during the State of the Union Address to “fight inflation” and “build a better America.” It seems that even the liberal media doesn’t trust Biden to enact policies that could help lower inflation anymore.

CNBC host Joe Kernen embarrassed President Joe Biden’s environmentalist cheerleaders who fought to keep oil in the ground because of so-called “climate change” while blaming former President Donald Trump for high gas prices. It’s as if leftists want to have their cake and eat it too.

During a Wednesday interview with Kentucky GOP Rep. James Comer on MSNBC, White House correspondents Kristen Welker and Peter Alexander sounded more like White House press secretaries as they battled Comer on everything from COVID messaging to inflation to President Biden’s economic record.