Consumer prices jumped hotter-than-expected, and leftist media outlets were predictably fumbling over themselves trying to spin the bad news in any which way they could to protect the floundering Biden economy.
The latest Bureau of Labor Statistics inflation report showed that consumer prices spiked 3.1 percent year-over year, with a 0.3 percent increase month-over-month, both exceeding expectations. CBS News even conceded the new hot numbers “complicat[ed]” the Federal Reserve’s decision to cut interest rates. The outlet also noted that higher prices “remain sticky.” The Dow Jones Industrial Average also tumbled over 400 points following the news.
But that didn’t stop outlets like CNN from trying to flip the script as if their readers were too stupid to see right through the manufactured haze. “Good news for Americans: Inflation cooled back…
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