CNN appears desperate to get Americans to see the bright side of ridiculously high gas prices, which have declined slightly. Look on the bright side, says CNN: think of the small gas price dip as a $100-a-month raise instead!
“Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise,” CNN tweetedTo its more than 59 million followers, Aug. 19. The original CNN Business Senior Writer Chris Isidore’s propaganda piece was headlined: “America just got a $100-a-month raise.” CNN’s tweet was massively ratioed with over a whopping 7,100 comments and only over 980 likes so far. Isidore put a hefty spin on the minor drop in gas prices from $5.02 in June to $3.92: “The steady drop in gas prices over the last few months has turned into an unexpected form of economic stimulus.” In Isidore’s absurd logic, “Since the typical US household uses about 90 gallons of gas a month, the $1.10 drop in prices equals a savings of $98.82.” Yikes.
Newsflash to Isidore: the national average price for a gallon of gas on the day President Joe Biden took office in January 20, 2021 “was approximately $2.39,” which is a sizeable $1.53 less than the Aug. 19 average he’s celebrating now.
Sen. Ted Cruz (R-TX) fired back at Isidore’s absurd economic take on Twitter: “In the meantime — since truth still matters—gas prices are UP nearly 65% since Biden took office.”
Orwellian.
CNN will next try to convince your that 2+2 = 5.
In the meantime — since truth still matters—gas prices are UP nearly 65% since Biden took office. https://t.co/87xwbrKxR2
— Ted Cruz (@tedcruz) August 19, 2022
Isidore continued spewing propaganda that “[t]The impact of extra cash could be a substantial boost to an economy that is showing signs of consumers pulling back on purchasing nonessential items, such as clothing, electronics and household goods.” As Republican Communicator Matt Whitlock pointed out: “@chrisidoreAre you calling it a raise if you get $100 back from your employer but your salary is slashed by $200?
But, no need to fear too much about reports of recession, Isidore explained. He argued that “lower gas prices could help revive spending” on so-called “nonessentials” like “clothing, electronics and household goods.” Isidore also cited growing cracks in consumer spending on “nonessentials” at major retailers, which undercut his nutty notion that a slight dip in gas prices somehow translates to a supposed $100-a-month raise:
Following consumers’ shift to gas and food spending, large retailers such as Walmart (WMT), Target(TGT), Best Buy® (BBY), and Gap (GPS), have reduced the price of those products. This pullback in consumer spend is why so many analysts are now predicting a recession. Because consumer spending account for almost three-quarters the US’s economic activity, it is not surprising that this trend has been reflected in many retailers like Walmart (WMT), Target (TGT), Best Buy (BBY), Gap(GPS) and Gap.
An IBD/TIPP poll from Aug. 9 revealed that a “solid majority of Americans —62 percent —” think the U.S. economy is currently in a recession, up from 58 percent in the prior month. It doesn’t appear that the American people aren’t buying the media’s ridiculous efforts to spin themselves silly to paint lipstick on the pig of Biden’s atrocious economy. But Isidore’s pro-Biden spin was arguably one of the most insane economic hot takes so far.
Conservatives being attacked. Call CNN at (404-827-1500) to demand that the outlet cease gaslighting Americans over sky-high gas prices.
About Post Author
You may also like
-
From Science to Storytelling: How Sara Winokur Brings Forensic Genetics to Life in Ivory Bones
-
What is an Electronic Flight Certificate? A Clear Explanation
-
Faith and Tattoos: Exploring the Intersection of Belief and Body Art
-
Top 10 Best Financial Management Apps for 2025: Streamline Your Finances with These Top-Rated Apps
-
Promoting Higher Education in Kentucky