If reporting on the true state of the economy, meaning a 2024 recession is still possible, or even probable, would the media hold back on reporting the truth in an election year if it would help a Democrat president?
That was a rhetorical question. Of course they would, and there are major indicators showing that is exactly what is happening.
We used to be able to look to donations to political candidates by journalists until many news outlets prohibited the practice, especially after the numbers were made public, proving liberal bias in the news.
This was confirmed by a former MSNBC producer,Ariana Pekary, resigned from the network and wrote a scathing letter as to her reasoning, where she called MSM news a "cancer," and explained how she was told point blank that "Our viewers dont really consider us the news. They come to us for comfort."
While there are a variety of issues the media carries water for the Democrats on from abortion to Donald Trump, the economy is the focus of this piece.
MEDIA LIES ABOUT THE ECONOMY.....
According to the liberal MSM, "Bidenomics" is working beautifully, although many have stopped using the actual term, especially Democrats up for reelection.
There are a number of reasons for that. The number one reason is because Americans are still paying the biggest share of their income on food than they have for 30 years.
Joe Biden blames the media for not reporting "the right way" on the economy, which has got to be the saddest thing ever, since all the media does is protect Biden with their reporting. What the media cannot do is change the bills Americans see every time they leave the grocery store, or any retail store for that matter.
What the media can do is pretend that the chances of recession are over, while claiming that all signs show a recovering economy. In fact, one of the easiest ways to tell a leftists media outlet from one more to the center or even right-leaning is to look at the headlines.
Now, most know the Associated Press and NYT are far left liberal websites, but Business Insider is known to be only slightly left of the center, and yet the headlines couldn't be more different.
NYT reported America is "dodging" a recession on January 20, 2024, with Business Insider admitting there is still a very high chance of recession in 2024, on February 12, 2024, and the AP was published today, February 26, 2024.
One before and one after the BI piece say things are dandy, no recession, while the one in the middle of those two sites shows an 85% chance of recession in 2024.
A recession is likely to hit the US economy in 2024, a new economic model highlighted by the economist David Rosenberg suggests.
The economic indicator, which Rosenberg calls the "full model," suggests there's an 85% chance of a recession striking within the next 12 months.
That's the model's highest reading since the Great Financial Crisis in 2008.
Look at your grocery bills, your wallet and your savings, and you decide which site is more accurate, and whether the NYT and the AP are actively working to protect Biden from his own policies.
THE TRUE STATE OF THE NATION.......
In less than two weeks, Joe Biden will give the state of the Nation address, where he will insist the economy is doing much better, despite the fact that many families cannot afford food, and monthly bills.
Following that speech, we can expect, in fact we will guarantee, the media will take the Biden "the economy is great" ball and run like hell with it.
So, let's take a look at the true state of the nation.
Another gauge of the economy is business. We have previously reported about the layoffs/firings of many media outlet employees, as well as many in the technology industry losing their jobs, but now we see more evidence that the economy is nowhere as well off as the media tries to tell us it is.
Generally we see it reported that layoffs and/or store closures are due to "restructuring," which is basically their way of saying they aren't making enough money to continue as is, so they need to make changes.
Malls closing totally or just stores withinallegedly due to outlet markets and standalone retailers, yet those too are seeing major closures. Best Buy has announced plans to shutter 20 locations in 2024, and they "expect to close roughly 15-20 stores per year in the near term," according to an earnings call in November.
Perhaps the biggest indicator of a collapsing economy is the amount of Walmart closures, as well as Walmart divesting itself of e-commerce brandsMoosejaw, Bonobos, and Eloquii, that it has recently acquired.
The store closures are do to "poor sales." Walmart is known for cheap prices, yet many Americans cannot even afford to shop there anymore, causing 23 store closures on top of prior stores closing. Of course Walmart claims they will be opening up to 150 over the next five years, yet plans do not make a done deal, so we'll wait to see if that is true.
The closures happened in 14 different states - Illinois, Indiana, Hawaii, Washington, Minnesota, New Mexico, Wisconsin, Florida, Texas, DC, Kansas, Oregon, California, Georgia and Connecticut.
Among those affected were 12 'Supercenters', seven 'Neighborhood Markets' and four 'Discount Stores'. One of those Supercenters is scheduled to reopen as a Neighborhood Market in Atlanta.
Remember the "retail apocalypse saw154 bankruptcies from 2015 through 2023
See:Heres a list of 154 bankruptcies in the retail apocalypse and why they failed
Businesses are still closing, either from lack of sales or shutting down due to rampant crime in multiple states. We are still feeling the effects of the retail apocalypse, no matter how many times the MSM claims differently.
Another thing the media has stopped reporting on in late 2023 and 2024, is the true state of the banking industry, where 186 banks in the U.S. are at risk of failing in 2024.
The failure of Silicon Valley Bank serves as a cautionary tale for the banking industry, and it is essential to take proactive steps to mitigate the risks posed by these factors. The government may also need to step in to prevent a similar fate for the 186 banks identified in the report.
The potential impact of nearly 200 banks being at risk for the same fate as Silicon Valley Bank could be significant for the banking sector and the broader economy. If a large number of these banks were to fail, it could lead to a domino effect, causing other banks to fail as well. This could lead to a credit crunch, making it difficult for businesses and consumers to access credit and slowing economic growth.
It is guaranteed Biden won't mention any of the news above in his March 7, 2024 State of the Nation address, just as the media is deliberately hiding the true state of affairs from the nation in the run up to the 2024 presidential election.
BOTTOM LINE
Unlike the MSM, we do not believe readers need to be told what to think, or have the true news hidden from them. Readers here are more than capable of seeing through the media's "protect Biden" game, and that goes double for the lies Biden will tell in his address to the nation.
In my mind, our job is to tell you what the media is trying to hide and to ask the questions the media won't.
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