Read time: 1 minute

Even Varney Couldn't Twist Inflation Numbers Into Bad News For Biden

But didn't Varney and the lying screechers at Fox swear that inflation would explode after the American Rescue Plan was passed?
Views:

Fox Business Traitor Trump sycophantic host Stuart Varney was forced to admit, after economic data was released, that inflation is not an issue. The U.S. economy is barreling onward and upward.

Right wing hysteria, predicting that the stock market would crash and United States would be destroyed if Joe Biden won the presidency have been revealed and exposed as wingnut grievance fantasies.

Opening up Thursday's Varney & Co., Stuart said, "Inflation, that is the story of the day."

Republicans have been fear-mongering about inflation blowing up since the Biden administration passed the much needed American Rescue Plan Act help citizens stave off the effects of COVID-19.

"Start with consumer prices, up 0.6% in May. Up 5% year over year -- If you strip out energy and food, the inflation rate for the past year is 3.8%. That's it, 3.8% That's not huge by any means..."

Varney continued, "It's the inflation numbers, and what I'm gonna call relatively restrained inflation numbers. You may be surprised that...The treasury yield it's at 1.519%, which does not suggest we're in for a bout of serious inflation."

Usually Varney can spin any positive news into something negative for the Biden administration, but it's really hard to do this time, when his Wall Street buddies can read and analyze the same data.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team