You know things are bad when President Joe Biden’s Praetorian Guard at CNN won’t protect him from the fact that the economy is spiraling out of control.
During the April 10 edition of CNN News Central, host Kate Bolduan unloaded devastating news on CNN’s unsuspecting liberal audience: There is significant inflation in April, just months before the 2024 general. During a segment, Bolduan said, “Inflation is headed in the wrong direction right now, the latest consumer price report just out shows prices up 3.5%, this over same time last year.”
CNN anchor Rahel Solomon agreed that inflation was “moving in the wrong direction.” Solomon added, “You put it pretty well there. This is moving in the wrong direction, so a 3.5% on an annual basis. To put that in context, that is hotter than what we were expecting and certainly hotter than we saw the month prior. If you look at CPI [Consumer Price Index] on a monthly basis, sort of a similar trend there, right? So coming in at 0.4% on a monthly basis. That is also hotter than we were expecting.”
Comments like this are unusual from CNN, which fought hard to protect Biden’s economic record last summer with overwhelmingly positive coverage, as exposed in an MRC study.
Following this morning’s devastating update from the Bureau of Labor Statistics on consumer prices, we now know that Americans endured an average of 5.5% monthly inflation since Biden’s first full month in office (February 2021) through March 2024.
This isn’t the only bad news that came to light. Average gas prices in March rose to $3.54, up over a dollar from the end of the Trump presidency (gas prices averaged $2.42 in Jan. 2021). Prices in general have risen quickly under Biden. Consumer prices have risen 18.9% from February 2021 to March 2024.
CNN did throw Biden a bone during their coverage, noting that food prices had only shown a “modest uptick.” Solomon said, “I just want to point out one sort of bright spot, if you can call it. Even though food prices did increase, this is actually a slowdown from– well, that’s a pickup, actually, I should say from the month prior, but in general, that’s a pretty modest uptick, right? So food prices tend to be moving in the right direction, it seems.”
CNN seems to be unaware that Americans can only be so grateful that their expensive food is getting pricier at a slower rate.
Conservatives are under attack! Contact ABC News at (818) 460-7477, CBS News at (212) 975-3247 and NBC News at (212) 664-6192 and demand they tell the truth about the Bidenomics disaster.