CNN just can’t catch a break in its crusade to spin President Joe Biden’s atrocious economy in a way that benefits his image.
The Bureau of Labor Statistics released an awful jobs report showing that the economy only added a “dismal” 199,000 jobs against a 422,000 projection by economists. That’s a miss of 223,000. The November labor force participation rate was at 61.9 percent, which is still stagnant. CNN scrambled to spin the news in it’s write-up headlined, “Jobs disappoint in December, but unemployment falls to 3.9%.” After conceding that the “fewest jobs added in any month of 2021” was a “major disappointment,” CNN put asinine spin on the news: “Even so, 2021 will go down in history as a year of record-breaking jobs growthAmerica created 6.4 million new jobs in the last 12 months, which is more than any other country since 1939 when records began. Every single month brought jobs gains.” Ironically, CNN included a graph in its article that undercut its entire argument.
A dismal job report, with only 199k new jobs in December — less than half of the 422k expected.
— John Roberts (@johnrobertsFox) January 7, 2022
This graph showed the progress of the job market recovery following February 2020’s freefall. However, the caption for the graphic read, “The United States lost a total of 22 million jobs in March and April of 2020. By December 2021, the number of jobs were 3.6 million shy of February 2020 levels.” CNN is saying the quiet part out loud. No, the jobs market is not experiencing “growth” because it hasn’t even fully recovered the jobs it lost in 2020. In fact, Biden’s disastrous economic policies may be why the jobs market still hasn’t been able to fully recover.
Fox Business reported in February 2021 that “‘The US economy will bounce back to its pre-pandemic size By the middle of this year, there was no emergency stimulusThe US Congressional Budget Office [CBO]Projected Monday [February 1].” The CBO report specifically stated that if “current laws governing federal taxes and spending (as of January 12) generally remain in place and that no significant additional emergency funding or aid is provided,” the economy will continue to strengthen “during the next five years.” Even more revealing was the report’s projection that many people will “rejoin the civilian labor force who had left it during the pandemic, restoring it to its pre-pandemic size in 2022,” if no significant additional “emergency funding” or aid was added. CNN’s graphic shows that 3.6 million people who lost their jobs after February 2020 have still not yet returned as of December 2021. How is this “record-breaking growth?”
CNN tried to gild this week’s poor labor numbers by injecting a pro-establishment quote bellowing from the pith of corporate America: “In a sense, even the labor shortage that is hamstringing businesses is a relatively good problem to have,” CNN paraphrased [Wells Fargo senior economist Sarah House]As saying. House claimed that it was the exact opposite of what they saw in the Great Recession two years prior.
Conservatives are being attacked.CNN can be reached at (404)827-1500 to request that they stop spinning the dead market of jobs to favor Biden.
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