BIDENOMICS: The High Price of Gaslighting.
This interpretation of the CPI report is profoundly dishonest. The 3.2 percent inflation rate is nearly three times the 1.2 percent rate that Biden inherited. It is down “65 percent” only because the Biden’s administration let it skyrocket to 9.1 percent before attempting to get it under control. That gas is “below $3.40” hardly compares well to the national average of $2.11 that prevailed when Biden was elected. As to wages, the Bureau of Labor Statistics reports that average hourly earnings (adjusted for inflation) for all employees stood at $11.05 in October, down from $11.10 in March of 2020, when the lockdown lunacy began. (READ MORE from David Catron: Trump Is Winning Ballot Access Cases)
There are just too many discrepancies between the President’s claims and the voter’s experience with the real world economy. According to the RealClearPolitics average, only 38.1 percent approve of his economic stewardship. Even worse, according to the NYT/Siena poll, swing state voters trust Trump over Biden on the economy by wide margins. Any president running for reelection must convince voters they’re better off than four years earlier. Biden isn’t making the sale. This is not merely politically perilous for him, it is a source of perplexity for the corporate media.
Their confusion stems from not being able to sell “The Guy Who Has Actually Had To Govern” today as well as they were able to sell him as “Not Trump” four years ago.