CNN SLAMMED for comparing drop in still high gas prices to $100 per month raise
“Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise, said CNN.
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“Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise, said CNN.
On Friday, CNN posted an article claiming that the recent minimal reduction in gas prices from the historic record-breaking high of $5.02 a gallon in June to the still high price of $3.92 should be seen by Americans as equivalent to a tax cut or a raise.
"Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise" Chris Isidore writes in the analysis piece noting that the gas has fallen from pillar to smaller pillar by about $1 in 67 consecutive days.
https://rumble.com/embed/v159dol/?pub=2n05b
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 well before 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."
Let's be clear: The national average price per gallon is $1.52 higher than when Trump left office.
That's a 64% 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. https://t.co/AKmUSrJaZS
— Steve Scalise (@SteveScalise)
The Scott Presler on Twitter replied, "Folks, this is why we shouldn’t teach the kids Common Core math."
Folks, this is why we shouldn’t teach the kids Common Core math.
— #ThePersistence (@ScottPresler)
Ted Cruz wrote, "Orwellian. Next, CNN is going to try to convince you that 2+2=5. In the meantime — since truth still matters—gas prices are UP nearly 65 percent since Biden took office."
Orwellian.
Next, CNN is going to try to convince you that 2+2=5.
In the meantime — since truth still matters—gas prices are UP nearly 65% since Biden took office. https://t.co/87xwbrKxR2
— Ted Cruz (@tedcruz)
Stephen Miller, "Be grateful for $4.00 gas, you wretches."
Be grateful for $4.00 gas, you wretches. https://t.co/w7pnNqS9g5
— Stephen L. Miller (@redsteeze)
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