CNBC Wrecks Stephanie Ruhle’s Gaslighting that Americans Can Afford Rising Inflation

Keep in mind when NBC Information senior enterprise correspondent Stephanie Ruhle tried to assert People might afford inflation and had been simply bellyaching? Nicely, her firm’s sister community doesn’t seem to agree.

Ruhle claimed in the course of the Nov. 14 version of NBC’s Sunday As we speak that “the soiled little secret right here, Willie [Geist], whereas no one likes to pay extra, on common we have now the cash to take action.” That is straightforward for her to say, since her internet value presently sits at $6 million, in keeping with Market Realist. Her condescending feedback got here simply after the Bureau of Labor Statistics reported that inflation hit a 30-year excessive at 6.2 %. Quick-forward a little bit below a month later, on Dec. 8, CNBC launched a crushing headline, which fully obliterated Ruhle’s gaslighting: “‘6% inflation is devastating’ to on a regular basis People, rising costs should be curbed, skilled says.’” Maybe NBC and CNBC forgot to coordinate their speaking factors.

The “skilled” cited in CNBC’s reporting was Garcia Hamilton & Associates managing associate Gilbert Garcia. Garcia rebuked the Federal Reserve in the course of the CNBC Monetary Advisor Summit Dec. 8 and warned: “I want we’d retire the phrase ‘transitory.’” In Garcia’s view, “It’s fairly clear it’s longer than transitory, and it’s a lot hotter than [the Fed’s] inflationary goal.” Then got here the sledgehammer that fully upended Ruhle’s arbitrary dismissal of the inflation menace: “On a regular basis People are having a really tough time with meals inflation, which is operating very near 30% and 40%,” Garcia stated. “This 6% inflation is devastating. We’ve bought to get that inflation again to a extra regular, containable degree.”

Watch a part of Garcia’s warnings to CNBC under:

People shouldn’t be stunned by Ruhle’s financial illiteracy. She’s the identical one who as soon as tried to promote President Joe Biden’s preliminary gargantuan $3.5-trillion finances invoice as a “Barbie DreamHouse of enhancements to the human situation.” 

Conservatives are below assault. Contact NBC Information (212) 664-6192 and demand that Ruhle report truthfully on the specter of inflation and the way it’s devastating to on a regular basis People.

 

 

About Post Author

Follow Us