Wednesday’s New York Times couldn’t avoid the historically bad inflation figures, placing economics reporter Jeanna Smialek’s story on the front page: “ Inflation Rate Hit 8.5% in Fastest Rise Since 1981 .” But the text box went for wishful thinking: “March Data May Signal a Possible Peak,” and text tilted towards cheery spin for the Biden Administration given the hard facts, and Smialek barely pushed back on Biden’s pathetic “Putin’s price hike” propaganda. Inflation hit 8.5 percent in the United States last month, the fastest 12-month pace since 1981, as a surge in gasoline prices tied to Russia’s invasion […]
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