The media is known for being completely detached from reality and doing Democrats’ bidding.
While millions of Americans are struggling and the ruling class elites are pushing more authoritarianism than ever, self-proclaimed “journalists” pretend things have never been better.
And now these six mind-blowing examples of Democrats’ media allies’ propaganda will make your head explode.
1. NPR says there’s no recession
According to a recent story from NPR, there’s no recession since consumers are continuing to buy products from brands like Mattel, the toy company behind Barbie, and Coca-Cola, in droves.
The article claims that it’s all thanks to women, and the outlet dubbed it the “she-conomy,” citing examples like female fans of Taylor Swift spending hundreds, if not thousands, of dollars for tickets to her record-setting Eras Tour.
But in reality, things are much bleaker than NPR is putting on, as one of the country’s oldest and biggest trucking companies just announced it was going bankrupt.
Trucking and transportation are a huge economic indicator, and Yellow Corp., a 100-year-old trucking company, just laid off all 30,000 of its workers, and shuttered its doors.
2. The car market is out of control
While the Biden regime continues to push regulations to force working class Americans to buy electric vehicles, the reality is that most people can’t afford them.
Not only are major automakers, like Ford, losing billions of dollars thanks to its production of EVs, but gas-powered vehicle repair costs have risen almost 20% in the last year.
The average car payment today is approximately $700-$1,000, a much higher figure than in past decades, and it looks like it’s not going down any time soon.
3. Housing and rent prices aren’t adjusting
After the Federal Reserve raised interest rates, some economists and talking heads assumed that it would force sellers to lower their prices.
But with home mortgage rates so high, most sellers are preferring to stay put since it would cost them more to move to a new home than it would to just stay where they are.
As for rent, over three-quarters of a million households in California alone are behind on their rent with a debt total of over $5 billion, and counting.
4. Major corporations are struggling
With outlets like NPR singing the praises of a “booming economy,” the fact remains that corporate debt has already outpaced its entire total for 2022.
Corporate debt defaults in the United States will create a massive backlash for everyone from CEOs to hourly employees.
Right now, at least 55 American companies have already defaulted on their loans, a 53% increase over 2022, and that’s just in the first half of this year.
5. A recession is coming
Many Americans already believe that a recession is here, and even though reporters claim that the Federal Reserves’ unelected “economy managers” have single-handedly “averted” one thus far, the facts show something different.
The yield curve is currently the most inverted that it has been in over four decades, and this is a true measure of recession.
According to the Mises Institute, the current yield curve inversion alone is a strong reason to expect a serious negative economic event, not just a recession alone.
6. Job cuts are severe
The textbook definition of a recession is when an economy is in decline, and that includes job cuts and layoffs.
During the first half of this year, the number of job cuts in the U.S. was a shocking 244% higher than the amount during the first half of last year.
So far, employers have cut around 458,209 jobs, which is a clear indicator that the economy is already in a recession.
Democrats’ media allies can continue to paint a picture of rainbows and unicorns, but working class Americans know better.
US Political Daily will keep you updated on any developments to this ongoing story.
