Recession

A tectonic shift in the world of economics has taken place: New York Times economist Paul Krugman finally admitted that his detractors on inflation were right all along. The leftist economist surprisingly conceded in a new op-ed that others have warned “that we may face something comparable to the stagflation of the 1970s. And credit where credit is due.”

You know Joe Biden’s approval ratings are bad when even leftist media outlets like CNN are talking about it. Eventually, the news gets bad enough and becomes so blatantly obvious that the media is guilted into reporting on stories that they would otherwise sweep under the rug.

The core indexes for U.S. inflation just continue to soar to the moon, while the media behave like apostles for President Joe Biden’s leftist economic agenda and spin bad news in his favor.

Following the Dec. 6 CNN report exposing President Joe Biden for trying to influence media to spin economic coverage to his favor, many have followed his demands and twisted the news of rising inflation.

CNN can’t help itself. The network actually spun news of Americans seeing the highest inflation in nearly 40 years as positive news in an attempt to benefit President Joe Biden.

Remember when NBC News senior business correspondent Stephanie Ruhle tried to claim Americans could afford inflation and were just bellyaching? Well, her company’s sister network doesn’t appear to agree.

The New York Times had an unusual red pill moment and actually threw cold water on the hype behind President Joe Biden’s huge $1.2 trillion infrastructure bill signed into law earlier this month.

The St. Louis Federal Reserve saw fit to patronize Americans about the inflated price tag of this year’s Thanksgiving dinners by telling them to just eat soy instead.

MSNBC’s The ReidOut host Joy Reid decided on Wednesday to channel NBC chief business correspondent and MSNBC colleague Stephanie Ruhle in dismissing the economic pain Americans are facing amid rising inflation, calling it a “buzzword bandwagon” by Republicans who “want you to believe the economy isn't doing well” when it’s “not bad” and people “are also spending a record amount of…

New York Times economist Paul Krugman appears to have finally admitted defeat on the issue of inflation, adding another notch to his belt of being consistently wrong on economic issues.

The inflation crisis has gotten so bad that multiple liberal outlets are now admitting that it spells disaster for President Joe Biden’s economic agenda. CNBC published an eye-opening piece headlined, “Inflation has taken away all the wage gains for workers and then some.” The story analyzed that “[r]eal average hourly earnings when accounting for inflation, actually decreased 0.5% for the…

The ABC, CBS and NBC morning news shows censored one of the most alarming inflation reports released this year. The liberal media networks’ protect-Biden saga continues unabated.

If you happen to be financially strangled by spiking inflation, take heed to the advice proffered by Univision’s midday Noticiero Digital during a report on the dismal Consumer Price Index numbers for October 2021: deal with inflation and refrain from splurging on things you don’t need, like coffee or driving your car to work.

We’ve reached the point in America where leftist network MSNBC actually tried to hoodwink people into believing that the huge price spikes caused by inflation are a good thing. MSNBC had the audacity to tweet out a nutty op-ed celebrating COVID-19 and downplaying the threat of inflation with the caption: “Why the inflation we’re seeing now is a good thing.”