The Washington Post was slammed for a Feb. 25 headline that said the “U.S. economy appeared ready to surge” and that the Russian invasion of Ukraine “could send shockwaves.”
The WaPo piece reported that “a few weeks ago … falling gas prices, and a newly buoyant stock market set the table for what many felt could be a surging U.S. economy in 2022.”
“But those rosy scenarios are suddenly in doubt, as rampant geopolitical uncertainty has helped drive up energy prices and send global markets on a roller-coaster ride,” the piece continues to read.
The price of food, clothing and other goods, however, has been on the rise for several months.
In October 2021, prices rose 6.2 percent over a year, which at the time was the highest it’s been since 1990.
Inflation hit a 40-year-high in early February. The Consumer Price Index (CPI) rose 7.5 percent in January from the same time in 2021. It was the fastest increase since February 1982, when inflation hit 7.6 percent. The CPI rose 0.6 percent between December and January.
Gas now costs 40% more than it did in January 2021. Though prices decreased slightly in the beginning of December 2021 when oil prices were $60 a barrel – AAA Gas prices having noted that the price hadn’t been that low since August – gas prices have been on the rise again since the beginning of January.
Political commentators and more took to Twitter to criticize the headline, with Sen. Ted Cruz, R-TX., tweeting “spin, baby, spin.”
“WaPo providing cover, per usual,” another said.
Ryan Williams of the Claremont Institute said “the propaganda is getting comically bad.”
This is an excerpt from Fox News.
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