INFLATION BLUES: Bloomberg Whines Biden 'Gets No Credit for Roaring Economy'

Bloomberg News just put out a spin piece on the economy that would make professional propagandists blush.

Bloomberg News put out an asinine Feb. 27 story headlined: "Inflation Pain Means Biden Gets No Credit for Roaring Economy." The outlet hailed the "Hot" job market, a "Powerful jobs recovery" and an economic "Rebound that's handily outpaced that of other major developed nations."

Here was the kicker: Bloomberg News hedged that voters were still anxious because "Inflation is drowning out the broader picture of an economy returning to health." They also claimed that the higher demand apparently driving inflation has been "Fueled by a powerful jobs recovery under Biden." The outlet cited the unemployment rate dropping to 4 percent and "[w]age increases.

The only problems with that narrative were that inflation rose to a 40-year high and every indicator Bloomberg News cited as evidence of a strong Biden economy was also misleading.

Surprisingly, Bloomberg News gave the best rebuttal to itself right in the next sentence: "Trouble is, inflation is running even faster."

Bloomberg News concluded by absolving the White House of responsibility on fighting inflation and instead pleaded for Americans to look to the U.S. Federal Reserve.

"While Fed policy makers are set to start raising interest rates next month, their efforts are likely to take months, if not years, to bring price increases back toward their 2% target," Bloomberg News reported.

https://www.newsbusters.org/blogs/business/jeffrey-clark/2022/03/02/inflation-blues-bloomberg-whines-biden-gets-no-credit