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Title: Media Attempt to Downplay Alarming New Inflation Report
Source: [None]
URL Source: https://www.activistpost.com/2021/0 ... ming-new-inflation-report.html
Published: Sep 14, 2021
Author: staff
Post Date: 2021-09-14 17:51:43 by Horse
Keywords: None
Views: 24
Comments: 4

It’s no secret that the mainstream media has a left-leaning bias. So it’s not exactly surprising that when alarming new inflation data were released on Tuesday, many journalists and media outlets attempted to downplay the story. After all, rising concerns about inflation could hamper the federal government’s ongoing efforts to massively increase government spending and expand the welfare state.

Here are just a few examples of countless reports that sought to downplay the just-released inflation figures. For one, the Washington Post dubbed the new numbers “an early sign that inflation could be easing.” And CNBC went with a different spin in its headline: “Consumer prices post smaller-than-expected increase in August.”

Meanwhile, many left-leaning commentators and analysts argued that the new data vindicate their claims that recent price inflation is just “transitory.” (Aka temporary.)

Yet when one looks at the actual report released by the Bureau of Labor Statistics, this rosy spin seems utterly unwarranted. It shows that the Consumer Price Index, an average sample of typical consumer prices, rose 0.3 percent in August. This is less than the 0.4 percent increase that had been predicted, prompting the media spin to suggest that August saw “less inflation than expected.” While perhaps true, this is misleading, because the new figures still show prices seriously on the rise.

On an annual basis, from August 2020 to August 2021, prices rose 5.3 percent. That’s nearly a 13-year high!


Poster Comment:

These rates are manipulated and are about 40% of what Shadow Stats reveals.

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#1. To: Horse, 4um (#0)

It shows that the Consumer Price Index, an average sample of typical consumer prices, rose 0.3 percent in August. This is less than the 0.4 percent increase that had been predicted, prompting the media spin to suggest that August saw “less inflation than expected.”

0.3% ? Has anybody been to any store lately? God almighty, if it's not 5 to 10%/mo, I'll kiss your ass.

The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell

Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)

Esso  posted on  2021-09-14   18:02:19 ET  Reply   Trace   Private Reply  


#2. To: Esso (#1)

When people ask me "How close are you getting to retirement?"

I say, "I'm not; -- I'm getting farther and farther away from retirement."

StraitGate  posted on  2021-09-14   18:13:53 ET  Reply   Trace   Private Reply  


#3. To: Esso (#1)

$35,000 for a head of lettuce, a couple tomatoes, and a ticket to Met Gala. My God, where does the money go?

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2021-09-14   18:17:50 ET  Reply   Trace   Private Reply  


#4. To: StraitGate (#2) (Edited)

When people ask me "How close are you getting to retirement?"

LOL, I've been employed at the same firm for 29 years. My boss raised a toast to another 29. I reminded her that I would be 85 years old if not dead by then. Hell, I may be killing stupid fuckers for canned veggies a month from now if Biden gets his way. Ok, three months, I have a lot of frozen meat and boxed pasta.

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2021-09-14   18:23:48 ET  Reply   Trace   Private Reply  


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