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A broken clock is still right twice a day. And even CNN stumbles onto an accurate interpretation of the news once in a while.
On New Day this morning, hosts John Berman and Christine Romans broke down the latest data showing spikes in consumer prices with a degree of clarity and economic comprehension not often found in the mainstream media.
“Consumer [price] inflation is the hottest it’s been in 13 years,” Berman said in introducing the segment. “These are the prices you pay. These prices really hit you in very specific ways; you feel it just going to the gas station.”
Inflation is taxation on working-class Americans.
“Consumer inflation is the hottest its been in 13 years. These are the prices you pay. At factories, prices for raw materials are also surging. That means higher prices for you down the road.”@CNN reports: pic.twitter.com/rjuKNsKfgM
— America Rising (@AmericaRising) July 15, 2021
“It’s sticker shock,” Romans agreed. “There are a lot of different reasons. There’s a quirk of the calendar and math — because remember last year the economy just fell apart — so we’re comparing falling down to this big rally. But look at gas prices, for example.”
“Last year, if you had a typical car with 12 gallons of gas, you paid $26 to fill it up,” she noted. “This year, you’re paying $37. That’s $11—say you fill up every week—that’s real money out of your pocket.”
“And look at other consumer prices. Say you have $100 in groceries. This year, you’re paying about $2.40 more. Maybe you can make some changes in what you’re buying, but those are real increases.”
She also pointed out the huge spike in used car prices, which came in at a whopping 45.2 percent. “$26,000 [on average] for a used car, we’ve never seen that before.”
“This is hitting people who have less money the hardest,” she explained. She pointed out that people lower on the income spectrum spend a higher percentage of their money on average and spend more of it on the kind of basic consumer essentials that are experiencing price inflation. So, Romans correctly concludes, the consumer price inflation we’re witnessing hurts working-class and poorer Americans hardest. Those who can least afford it.
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“Everyone is debating whether inflation is temporary,” she notes. “But for right now, it’s still really, really hurting low-income Americans.”
Here’s where CNN’s largely laudable report goes astray.
“All of this is because of COVID, and just the craziness that happened to the economy,” Romans concludes. While the coronavirus surely was a factor, this incomplete answer overlooks the enormous role that government policy, not the pandemic itself, has played in the current surge in prices.
It was heavy-handed government lockdowns, not the virus itself, that created the mismatch between demand and supply driving much of the rise in prices. And the Federal Reserve, the central bank that controls the supply of US dollars, created trillions of new dollars and injected them into the economy to “stimulate” the recovery. Those new dollars make all dollars less valuable and prices higher.
Together, these government actions likely played a much larger role than the virus itself. The otherwise informative CNN report on inflation fails viewers by leaving them out of their explanation.
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Brad Polumbo (@Brad_Polumbo) is a libertarian-conservative journalist and Policy Correspondent at the Foundation for Economic Education.
This article was originally published on FEE.org. Read the original article.
New Conservative Network Seeks Crowdfunding Help
They say we have to go big or go home. We’re trying to go big and bring the patriotic truth the the nation, but we need help.
Readers may or may not realize that over the past year, we’ve been bringing more conservative news and opinion outlets under our wing. Don’t take our expansion as a sign of riches; all of the “acquisitions” have been through sweat and promises of greater things to come for all involved. As a result, we’ve been able to bring together several independent media sites under a unified vision of preventing America from succumbing to the progressive, “woke,” Neo-Marxist ideologies that are spreading like wildfire across America.
The slow and steady reopening of America is revealing there was a lot more economic hardship brought about from the Covd-19 lockdowns than most realize. While we continue to hope advertising dollars on the sites go up, it’s simply not enough to do things the right way. We are currently experiencing a gap between revenue and expenses that cannot be overcome by click-ads and MyPillow promos alone (promo code “NOQ” by the way).
To overcome our revenue gap and keep these sites running, our needs fluctuate between $3000-$7000 per month. In other words, we’re in the red and hemorrhaging.
The best way you can help us grow and continue to bring the truth to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going.
Thank you and God Bless,
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
Our network is currently comprised of nine sites:
- NOQ Report
- Conservative Playlist
- Truth. Based. Media.
- Freedom First Network
- Based Underground
- Uncanceled News
- American Conservative Movement
- Conservative Playbook
- Our Gold Guy
We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
- MyPillow: Use promo code “NOQ” to get up to 66% off AND you’ll be helping a patriotic, America First company.
- ZStack: Improve your immune system with the Z-Stack protocol or rejuvenate your body from vaccines or shedding with Z-DTox by Dr. Vladimir Zelenko.
- OurGoldGuy: Tell them JD sent you in your request to buy gold and it will help us… AND (wait for it) you’ll be helping a patriotic, America First company.
- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,
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With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC