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One way you can see that journalists are a bunch of panicked partisans who are seriously feeling President Joe Biden’s pain is by looking at how they’re reporting on the economy right now.
They don’t question whether the news is good or not. They are questioning when Biden will be able to take full advantage of the supposed major economic improvements since taking office.
On ABC’s “This Week” on Christmas Eve, guest host Pierre Thomas said, “The economy certainly looks like it’s getting better, but it seems like Joe Biden won’t be able to survive as long as he’s alive. It doesn’t seem like I’m getting any credit for this,” he complained. ? ”
On Dec. 27, NPR’s “Morning Edition” aired a segment with the online headline, “Biden doesn’t seem to be doing a political favor.” [a] The economy is relatively strong. ”
White House correspondent Asma Khalid served as guest host. He said the economy “has shown some strong signs in recent days, including receding inflation, low unemployment, and better-than-expected job growth, with people spending record amounts this holiday season.” “But that doesn’t seem to be the case with President Biden.” He’s benefiting politically. So what’s going on here? ”
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NPR political analyst Domenico Montanaro said “the fundamentals are strong,” but it’s not really filtering through. “Polls show that only one in five people rate the economy at least good, and they say they don’t like how Biden is handling it,” he said. “I don’t think they’re looking at this problem from a macroeconomic perspective.”
People know what they can and cannot buy. Mr. Montanaro acknowledged that although inflation has fallen, prices remain high. It’s depressing that he pays $8 for a bottle of Tums. Mortgage interest rates can be prohibitive for first-time home buyers.
Jim Nells: 2024 predictions seem like a bleak throwback to “It’s the economy, idiot.”
That doesn’t stop the media from telling happy stories. On the “NPR Politics Podcast” on Dec. 27, business reporter Scott Horsley ramped up Biden’s hype, saying, “His employment record is unparalleled.” Taxpayer-funded radio wants you to know that Biden is a financial superhuman.
Mr Horsley acknowledged that job growth was “recovering from the deep hole caused by the pandemic”. Yes, that’s a pretty big asterisk. Jobs lost due to the coronavirus lockdown are coming back – does that mean new jobs have been created? But overall, Horsley insisted, “by almost any objective measure, this is a good economy.”
NPR can’t match Paul Krugman, the New York Times columnist who rocked the paper: “From an economic perspective, 2023 will go down as one of the best years on record.” Inflation fell surprisingly quickly and without any tangible costs, contrary to many economists’ predictions that it would take years of high unemployment to eliminate inflation.
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This shameless partisan said after Trump’s surprise victory in 2016 that financial markets would never recover and that “we’re probably facing a global recession with no end in sight.” The same shameless partisans who, when pointed, turned out to be wildly wrong. Which makes it hilarious that Krugman’s new column was headlined, “Beware of Economists Who Won’t Admit They’re Wrong.” I don’t see him retracting his claim of an “endless recession.”
Forecasting is a dangerous business, and so is the way we give politicians credit for creating jobs. When the economy is bad, liberals often complain that the economy is out of Biden’s control, just as they complained that it was out of Jimmy Carter’s control.
In any case, journalists who express the opinion that Biden should be more popular indicate that he is leaning toward reelection. It may be more subtle than suggesting that Trump will maliciously end American democracy, but it is clear nonetheless.
Click here to read more from Tim Graham