Bias in the news media, another in a series
The news media is nothing if not clever. One of its tricks is to wrap its political biases in the guise of an objective report. The chosen expert, of course, is friendlier than the drooling dog on your lap. To paper over today’s July 2021 CPI report, the New York Times had to dig deep to find an obscure expert to bail out its favorite President. An actual headline in today’s on-line New York Times:
‘How the Biden Administration wants to reframe the inflation debate’
The costs of many essentials have risen faster than incomes for decades. The White House argues its initiatives could ease the pressure.
Given that the CPI overall grew 5.4% compared to 3.1% increase in wages and benefits in the 12 months through June 30, The NY Times is only too eager to help Biden reframe the inflation debate. So it publishes one big infomercial boosting Bernie and Biden’s $3.5 Trillion spending blow-out “to support families, boost clean energy, and more.” (So much more!) Of today’s Consumer Price Index numbers, the Times acknowledges:
The inflation numbers keep coming in hot, and it is making some moderate Democrats wary about the Biden administration’s proposed $3.5 trillion package of spending to support families, boost clean energy and more. Against that backdrop, administration economists are arguing that we should think differently about inflation and the ways price increases cause economic pain for ordinary people. …
An important underlying factor is known as “Baumol’s cost disease,” referring to William Baumol, the economist who identified the phenomenon in the 1960s.
Blaska’s Bottom Line: Desperate times require desperate lies. Or obscure economic theories. At least moderate Democrats are wary but those are few and far between. Just ask Ron Kind.