MSM Why Are Americans In Such A Rotten Mood? Biden Blames The Media

Blacknarwhal

Let's Go Brandon!
You've heard of "dog bites man." You've heard of "man bites dog."

Now join us for that exciting cliche in the making "Dog bites man who bites dog until both are in a never-ending circle of biting"!

Fair use cited so on and so forth.


Why Are Americans In Such A Rotten Mood? Biden Blames The Media​


Authored by Mike Shedlock via MishTalk.com,

Biden says the economy is great. The media, even WSJ articles, praise the economy. But polls show Biden is in trouble. What’s going on?


CPI data from the BLS via the St. Louis Fed, chart by Mish

Despite the Media whitewashing every bit of bad news about the president, and numerous reports in unexpected places about how great the economy is, President Biden blames the media for the US’s sour mood.

Biden Blames the Media

USA Today reports President Biden Blames the Media for American’s Negative Views of the Economy.

“We have the highest share of working-age Americans in the workforce in 20 years,” Biden said in remarks from the White House’s Roosevelt Room. “And it’s no accident. It’s Bidenomics.”
Yet polling shows Americans remain concerned about the economy primarily due to stubborn inflation, which although down significantly from a year ago, remains above pre-pandemic levels.
Biden, asked by a reporter why many Americans still don’t feel good about the economy despite progress on jobs, pointed to negative media coverage.
“You all are not the happiest people in the world – what you report,” Biden said. “And I mean it sincerely. You get more legs when you’re reporting something that’s negative. I don’t mean you’re picking me. It’s just the nature of things.
“I think the 300,000-plus people who got jobs feel better about the economy,” Biden said. “The American people are smart as hell and know what their interests are. I think they know they’re better off financially than they were before. It’s a fact.

What’s the Media Saying?

The Explanation

No one reads the Economist, CEPR, the Inquirer, the Wall Street Journal, Yahoo Finance, Bloomberg, or the Guardian.

Everyone get their news from Zerohedge and Mish. I cannot speak for ZH, but I offer an apology. I am clearly to blame for Biden’s poor polling.

Well, maybe not. Maybe Bidenomics is working for everyone who owns a house but not those struggling with rent and struggling to put food on the table.

And what about those who see $7,500 subsidies going to people can afford a new EV when they struggle buying gasoline.

The Unmistakable Message

People do not believe Bidenomics is working. Inflation is moderating, but prices are still going up.



CPI Rises More Than Expected as Rent Jumps Another 0.6 Percent

I repeat the core key theme for something like two years now. People keep telling me rents are falling, I keep doubting.

All these “rents are falling” projections have been based on the price of new leases, but existing leases, vastly more important, keep rising.

On October 12, I noted CPI Rises More Than Expected as Rent Jumps Another 0.6 Percent

Rent of primary residence, the cost that best equates to the rent people pay, jumped 0.6 percent. Rent of primary residence has gone up at least 0.4 percent for 26 consecutive months!
It is not the wealthy who make up the majority of renters. So rent alone is fueling the pain. Factor in food.

A rising stock market and home prices does not help those with no assets. And the poor have no assets.

Existing Home Sales Drop Another Two Percent to a 13-Year Low



Existing-home sales courtesy of the National Association of Realtors via the St. Louis Fed

On October 19, I reported Existing Home Sales Drop Another Two Percent to a 13-Year Low

Existing-home sales are at the lowest level since 2010, down 18 of the last 20 months.
Who can afford them among those who don’t own a home but want to? I believe that question is explains this poll result: Voters under 30 favor Mr. Biden by only a single percentage point.

Cramming EVs Down Everyone’s Throat

Renters with no place to charge a car and no means to afford one anyway are rightfully upset at Biden’s energy policies.

Even unions are upset at Biden for cramming EVs down everyone’s throats. The Unions understand that EVs will cost union jobs, and lots of them.

Wake Up Mr. President, Consumers Want Hybrids, Not EVs

On October 16, I commented Wake Up Mr. President, Consumers Want Hybrids, Not EVs

A better title would have been Wake Up Mr. President, Consumers Don’t Want EVs

While the President harps about how great things are, consumers don’t see it that away and I have been covering all the reasons why.

By the way, I just did a doublecheck of a stat I knew. Here it is, from CNBC: 60% of Americans are Still Living Paycheck to Paycheck.

On November 8, I reported Credit Card Delinquencies Surge as Consumer Debt Tops $17 Trillion

Clearly things would be so much better if we stopped this kind of news.

For discussion of the latest polls, please see Five Alarm Bell – Biden Trails Trump in Five of Six Battleground States

Mainstream media struggles to figure out why Biden is doing so poorly, but I have. Clearly this is my fault.
 

dstraito

TB Fanatic
The government is trying to kill us
The government is lying to us
The media is lying to us
The globalists want us dead
The economy is ruined, but being artificially manipulated to stay higher
Over half the nation is batsh!t crazy and voting in people with designs on collapsing this nation
Crime is out of control as Soros appointed DAs and judges are eliminating consequences for crime


What's not to like?
 

Blacknarwhal

Let's Go Brandon!

Why Are Americans In Such A Rotten Mood? Biden Blames The Media​



Imagine what the mood would be like if the media quit carrying Xiden's water and actually told people the truth. You haven't seen a bad mood yet.

They've already started turning on him. Questioning his suitability and such. Even some of us were wondering if he was going to get nominated again!
 

Starrkopf

Veteran Member
The list is so long it would take a while to go through it all. I'm reminded of the scene in the movie Network when the news anchor cracks on live television and tells the truth about how bad things are. (I would love to see this happen in real life)
 

Bad Hand

Veteran Member
Prices are going up and size is going down. The Charming I just bought just went up $.50 and the size of the rolls are 1/2 inch narrower the the last ones I bought.
 

SousJo

Contributing Member
Biden's administration has never been favorable to the working class, the support of ordinary folks doesn't involve lucrative six-figure side deals, I'm not sure how his handlers find this complex. It seems pretty QED.
 

Bud in Fla

Veteran Member
LMAO ... he done did it now. Just more proof how demented he’s become. Bite … hand.
Won't matter - the MSM is the Marxist's well trained lap dog. They'd rather be kicked by their master than admit they were wrong!
 
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tnphil

Don't screw with an engineer
Prices are going up and size is going down. The Charming I just bought just went up $.50 and the size of the rolls are 1/2 inch narrower the the last ones I bought.
But, but.... what about "mega" and "super mega"? I'm waiting for "ultra mega" that may get back to the larger original rolls. Talk about pissing on you and saying it's raining! We have tp stocked from years ago, I could literally chronicle the decline.

Scratch that-I'm waiting for the ultra-MAGA rolls!
 

The Cub

Behold, I am coming soon.
When is the last time that a Democrat (i.e. Communist) politician at the level of Senator, Cabinet member, VP or Pres.....ever admitted to making a mistake?
 

The Hammer

Has No Life - Lives on TB
When is the last time that a Democrat (i.e. Communist) politician at the level of Senator, Cabinet member, VP or Pres.....ever admitted to making a mistake?
Never. To them, they set the agenda and everyone else must follow and agree.

Absolutely no humility, soul-searching, or course corrections needed, in their eyes.
 

mikeabn

Finally not a lurker!
Prices are going up and size is going down. The Charming I just bought just went up $.50 and the size of the rolls are 1/2 inch narrower the the last ones I bought.
The local Rite Aid is closing. Four rolls of Charmin $11.99! I'll use dollar bills first.
 
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