It Looks Like Joe Biden Just Lost the New York Times

His crumbling public approval rating must be troubling to President Joe Biden. But can it possibly compare to learning that the liberal mainstream media is turning on him as well?

On Tuesday, the New York Times sent an email to its morning update subscribers with the headline: “Who’s to blame for inflation?”

“It is dragging down President Biden’s approval ratings and fueling discontent among Americans,” writes senior economics correspondent Neil Irwin. “How did we get here? Who is to blame?”

We fully expected the Times to make excuses for Biden. And at first, it looks as though that is what Irwin is going to do, writing that “presidents have less control over the economy than headlines might suggest.” But then he adds that “the current situation is an exception to the rule.”

And even more remarkable is what comes next. Irwin writes:

You can draw a direct line from a specific policy decision that Biden and congressional Democrats made this past winter to some of the inflation happening now.

In designing the stimulus that Congress passed in March, Biden’s administration went big, with $1.9 trillion in pandemic relief — on top of a separate $900 billion package that passed three months earlier. Put the two together, and $2.8 trillion in federal money has been coursing through the economy this year while economic activity has trended only a few hundred billion dollars a year short of what mainstream analysts would consider full health.

The fact that the Times, along with others in the mainstream media, admits that inflation is a problem is in itself a noteworthy development, since for months it insisted that it was just a data anomaly – one that Republicans were trying to exploit for political gain.

Now, with prices for many common household goods having gone up by double digits over the past few months and no end in sight for the trend, the inflation story is impossible to ignore.

But the fact that any one of these “news” outlets is willing to blame Biden for the inflation spiral is a truly stunning development, given they’d spent months blasting out “fact checks” that aggressively slapped down any such claim.

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The post It Looks Like Joe Biden Just Lost the New York Times appeared first on LewRockwell.

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