The Biden White House will be quite conflicted on the latest take in The Economist. On the one hand it’s been explained why there are “silver linings” to a recession, but on the other hand this administration is denying that the country is in a recession.
In any case, the media continues to be completely predictable when a Democrat is in the White House. Today’s examples include this take:
Economic pain is totally worth it to achieve a “green” utopia, everybody:
Lower inflation and greener energy are worth the price of a short downturn https://t.co/lDnQP0duFz
— The Economist (@TheEconomist) July 27, 2022
“Lower inflation and greener energy are worth the price of a short downturn.”
Gee, they seem quite confident “greener energy” will bring down inflation and that the downturn brought about by printing trillions to bring that about will only be a short one. Good luck with all that. Of course, these are likely the same economists who said there wouldn’t be inflation in the first place.
How is this a real article?https://t.co/73emz5FZeG
— Mark McKillen (@MarkMcKillen) July 29, 2022
And the circle is complete:
there will be no inflation
. is transitory
. is good
. only hurts the rich
. is consumers fault
. is greedy biz' fault
. is Putins fault
there will be a soft landing
there is no recession
recession is good
— Marc-Anton Flohr (@maflohr) July 28, 2022
Amazing. If a recession has silver linings we can’t want to see how wonderful the Biden depression is!