July 16, 2024

Political Commentary

News Politics Business Sports

How Partisan Media Outlets Covered The Latest Inflation Numbers

2 min read

Prices rose 3.3 percent in May from a year earlier, according to data released Wednesday, a lower number than expected. Partisan media outlets covered that number very differently.

Conservative sites acknowledged there has been progress in the fight to bring down inflation. But they also used the announcement to criticize President Biden’s handling of the economy, saying the figure was too high to begin with.

Some liberal sites celebrated the news as a victory for Mr. Biden’s economic agenda.

Inflation is a key concern for Americans in this fall’s election, polling shows. And for most voters, their assessment of the economy mirrors the media landscape: Democrats tend to approve of Mr. Biden’s handling of the economy, while Republicans disapprove of his job on the issue.

Here’s how a sampling of outlets covered the news:

Conservative commentators and outlets have persistently blamed Mr. Biden’s policies for spurring high inflation, driving up the cost of everything from basic necessities to airline tickets. Like Republican lawmakers, conservative outlets have repeatedly referred to the increasing prices as “Bidenflation.”

Inflation reached a four-decade high of 9.1 percent in June 2022. The rate has since fallen considerably, but it remains higher than the Federal Reserve’s target of 2 percent.

A conservative site, The Daily Wire has been critical of Mr. Biden’s handling of the economy, running a four-part series looking at how “‘Bidenomics’ is eviscerating the American people.”

In an article with the headline “Joe Biden’s Fragile Economy,” the writer Jim Nelles said the promising inflation report, along with a booming stock market, showed an economy that was strong on the surface. But those numbers masked deeper problems, he said.

“The cumulative impact of inflation, combined with high interest rates, is putting the dream of home-ownership further out of reach for most young and working-class Americans,”…

Santul Nerkar

2024-06-14 14:38:35

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator

Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.