A CNN article suggests that lower gas prices should be seen as a tax cut or as a pay raise
The CNN article, written by Chris Isidore, indicates that the next time that you are getting gas, and see the lower price, you should view it as a tax cut, or as a pay raise, of $100.00 a month. Despite CNN praising the lower gas prices now, as compared to the high earlier in the summer, gas prices are still higher than when Donald Trump left office.
From the Post-Millennial:
Isidore’s logic: “Since the typical US household uses about 90 gallons of gas a month, the $1.10 drop in prices equals a savings of $98.82.”
CNN’s boast of Biden’s newfound $3.92 a gallon, down from an unprecedented $5.02 high in June, is still almost twice the cost of gas under the entirety of Trump’s time in office.
According to Fox News and Politico, between 2017 and 2019 the national gas average moved between the historic lows of $2.23 and $2.37 per gallon while many states had average gas averages under $2.
Under Joe Biden’s presidency the country has faced consistent record high inflation, unprecedented supply chain shortages, citizens laden with record breaking debt, and an economy in recession, despite attempts to redefine the word by the White House.
Biden’s back-to-back $1.9 trillion American Rescue Plan and $1.2 trillion infrastructure bill helped lead the economy to the highest inflation rates seen in 40 years in America. Gas prices began to rise in 2021, along with all the other goods affected by inflation, and by December had reached a staggering 58.1 percent hike in cost compared to the year before. Inflation was soaring to record heights in America well before Putin invaded Ukraine but his military actions caused the gas prices to skyrocket even more.
In March gas went from an already high $3.60 a gallon to the 14-year record setting high of $4.17 a gallon. By June gas had more than doubled since the beginning of Joe Biden’s presidency.
CNN received backlash on Twitter for the article, with many noting the discrepancies in prices cited by CNN.
Steve Scalise summed it up with “Let’s be clear: The national average price per gallon is $1.52 higher than when Trump left office. That’s a 64 percent INCREASE in gas prices under Biden–not a ‘cut,’ as CNN wants you to think. No one is falling for the delusional propaganda the radical left is peddling.”
The Post-Millennial has the article here.
“But, the President has NOTHING to do with the prices of gas…” – EVERY Dem apologist when the price is going up
When your side has nothing.
So if I have to see the lower gas prices as a tax cut then I should see inflation on other goods as a tax hike.
Now you’re talkin crazy math.
How DARE you.
((sarc))
Thank you kind sir, may I have another?
I just read the article and what a gas it was.
Scalise is just as wrong – and delusional – as CNN. There are lots, too many in fact, that are falling for “the delusional propaganda the radical left is peddling”. The proof is everywhere around us. And they vote. Granted, not in the numbers they’d have us believe but in sufficient quantity to return the likes of Pelosi and Pritzker to office.
Agreed.. a fact directly attributable to the communists infesting our “education” system, and turning out indoctrinated drones, a ready supply of “useful” idiots..
Haven’t watched CNN in over 30 years. Haven’t trusted sniffy creepy in 50 years.
The spin continues.
It’s changed a bit since they got bought out by China controlled Warner Bros. They have gone full communist. The economy is now property of the state.
Wonderfully written bit of bullshit by the most untrustworthy news source on behalf of the least popular administration in US history.
Just like folks reopening their businesses after the Covid shutdown is “creating” jobs.
The economic train wreck is coming, regardless of what they call it.
Coming? I’d suggest continuing.. as in the Locomotive has gone off the rails, and the rest of the cars are just starting to pile up..
While I agree that Biden’s policies are strongly to blame for the current economic crisis, it is disingenuous to compare gas prices at this point with the same during Trump’s last year in office.
The reduced travel and costs of storing excess oil during the lockdowns (due to overreactive state & international lockdowns during the pandemic) had an impact on oil prices far beyond Trump’s policies.
President Trump was still an economic and international powerhouse while in office, and I’m not trying to diminish his efforts – gas prices would be much lower were he still in office – but fair is fair, and it benefits no real results to massage the details.
Only the Clown News Network (and perhaps MSLSD) could come up with something this fucking stupid.
Fuck CNN, the horse they rode in on and their goats!
With propaganda articles like this, and logic skills not observed, it is no wonder that CNN is about to go belly up.