A recent Wall Street Journal piece offered what looked like good news for the Biden regime before producing a chart so catastrophic for Biden and his merry band of money printers, that it should be used in each and every Trump campaign ad from now until the November 2024 presidential election.
We keep seeing the same actors, democrat politicians, the White House, and the MSM, claim that the Biden economy is strong, thriving, and liberals across the board go on to repeat that assertion, until the point where most Democrats have truly started to believe their own lies.
The WSJ headline was "Trump vs. Biden: How the Dow’s Performance Compares," with a sub-header stating " Dow’s brief move above 40000 is welcome news to a president who is facing voter malaise over the economy."
The Dow charts comparing Biden's term to Trump's shows close results, until the Covid lockdowns, where they take a deep dive, then increasing again. The first chart here, isn't the one referenced in the headline, but it shows that the Trump economy, via the stock market, was actually better under Trump than Biden in the same timeframe of their respective terms.
As seen above, Trump's numbers were higher than Biden's, or whoever is actually running the White House, numbers, even before the pandemic and as businesses started reopening, and Covid relief made through the economy, Trump's numbers continued to rise.
So even before the chart dubbed "The most devastating chart I've ever seen amid a presidential election cycle" by Ethics & Public Theology Professor Andrew Walker, on social media, the Trump economy was better for the stock market than "Bidenomics."
Then we come to two charts, one of which is referenced above, which shows the "Change in household net worth since start of presidency," first in "normal value", and then "adjusted for inflation," which explains clearly why the general public has had such "malaise over the economy."
Though inflation is falling now, it has been higher on average under Biden than Trump. Adjusted for inflation, net worth was up just 0.7% through Biden’s first three years, compared with 16% through Trump’s first three years.
So when the media tells us that people aren't remembering the true economy under Trump, as the majority says they were better off during the Trump presidency, they are lying through their teeth in order to protect Biden, in the months leading up to the Trump-Biden rematch.
As Not The Beestates in regards to the WSJ piece and the chart above, "The real-life results of Bidenflation are devastating at a level beyond what many realize."
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MEDIA LIES........
Keeping that chart above in mind, let us look at how the MSM is describing the economy under the Biden regime.
Washington Post - "The economy, while still remarkably strong, has slowed in recent months as the Federal Reserve tries to get inflation under control. Employers are adding fewer jobs, wage growth has decelerated, and Americans are holding off on big purchases like homes, cars and washing machines."
BBC - The US is enjoying a strange economic boom, with consequences for the global balance of power, the future of the planet and the UK's future growth prospects. It is borrowing billions to boost its economy - taking a huge risk but with potentially huge rewards.
NYT - The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too.
The White House - Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any presidential term in the last 25 years....
Now that one is a whopper, which the MSM happily shared.
CNN - When new gross domestic product figures last month showed US economic growth slowed from recent gangbuster levels, many people diagnosed the economy as having a really ugly sickness: stagflation.
It goes on and on and on, and the main point they all continue to try to convince Americans of is : The economy is great, we just "perceive" it as being horrible because we can barely afford food which is more than 20+% higher than when Biden took office, the same increase seen for almost all retail goods.
In other words Ladies and Gentlemen, ignore you wallet, your dwindling bank account, the cost of food and everything else, and listen to we, the MSM, when we tell you that you are imagining a bad economy, because it is "strong," at "gangbuster levels," "resilient," "an economic boom," and "remarkably strong."
What happens when Democrats believe the media? Well they write op-eds saying things like "We Democrats think it’s nuts. How could voters imagine the Trump economy was better than the Biden economy? " Then it goes on to claim that Trump's economic boom, at least until the pandemic lockdowns hit, should be credited to Obama-Biden.
I. Kid. You. Not!
This is what I meant about Democrats truly believing their own lies. They lie to each other, then they lie to Americans through the media, and then like good little puppets those readers turn around and spread those lies far and wide.
BOTTOM LINE.....
Just like the MSM claimed that Hunter's "laptop from hell" was Russian disinformation, until after the 2020 election, when they finally admitted, yea, it was real and it was Hunter's, the media will not be honest about the true state of the economy until after the 2024 election.
If conservatives do not make the presidential election "too big to rig," and the Biden regime stays in power, then the media won't have to protect them anymore and will report about an "unexpected" downturn of the economy.
If we do make it "too big to rig," and Trump takes office, the media will immediately report how bad the economy is and they'll blame Trump.
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