Insufferable NeverTrumper Bill Kristol should know by now that putting dumb inflation hot takes on Twitter minutes before devastating economic news is released doesn’t return dividends.
Kristol tweeted at 8:00 a.m. a laundry list of predictions he claimed were “[s]traightforward from here.” One of his crystal ball items he mentioned was: “Inflation subsides.” That prediction only had a shelf life of about 30 minutes. CNBC reported that the Bureau of Labor Statistics had released an 8:30 am report showing that June’s inflation rate was 9.1 per cent year-over-year. That is a staggering increase from December 1981.
From here, it’s simple:
1. Biden announced that he will not run again.
2. 2022 – Focus on R extremism; Ds perform well in Nov.
3. Ukraine wins over Russia and inflation recedes. Biden succeeds as president 1-term.
4. Trumpists and younger moderate D lose to Trump in ’24.
Pourquoi pas?
— Bill Kristol (@BillKristol) July 13, 2022
But Kristol wasn’t alone in pumping out terrible takes on inflation before the news broke. CNBC got in front of the BLS report by predicting that inflation “It could be the peak.” On July 7, Fortune magazine attempted to hoodwink its readers: “5 signs inflation could be quietly going down.” MarketWatch published a July 13 story attempting to cushion the impact of the inflation news before it was released: “Brace for a high June inflation reading — but the surge so far hasn’t led to ‘unanchored’ expectations, says BlackRock.” [Emphasis added.]
But talking heads in the liberal media couldn’t even be trusted to be straight about how bad the inflation crisis was even after the 9.1 percent inflation figure was released.
CNBC Mad MoneyJust 27 minutes after the shocking BLS report was released, Jim Cramer hosted the show. still attempted to put lipstick on the inflation pig: “The last bad number.” CNN published an asinine story just over an hour after the BLS report headlined: “3 reasons not to panic about decades-high inflation.”
Last bad number
— Jim Cramer (@jimcramer) July 13, 2022
Conservatives are being attacked. ABC News can be reached at 818-460-7477CBS News, 212-975-3247NBC News 212-664-6192And demand that they disclose the true nature of the Bidenflation crisis
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