Msnbc Abc And Cnn Realize Deflation Act Doesn T Reduce Inflation After Bill Passes Marketing

Left-wing media networks, including MSNBC, ABC, and CNN, finally realized that the Deflation Act didn’t actually reduce inflation, but not until after the massive spending package had already been signed into law. The bill, which passed the Senate earlier this month and the House last week, costs about $437 billion, with $369 billion for investments in “Energy Security and Climate Change,” according to a Democratic summary of Senate. Democrats claim the legislation would alleviate the deficit by raising $737 billion, imposing a 15 percent minimum corporate tax that is projected to raise $222 billion, and prescription drug pricing that the Senate estimates will raise $265 billion. One thing the deflationary law is not expected to do, according to multiple analyses, is reduce inflation. The Congressional Budget Office said the bill would have a “negligible impact” on inflation in 2022, and in 2023 its impact would range between reducing inflation by 0.1% and increasing it by 0.1%. MSNBC CONTRIBUTOR ACCUSES DEMOCRATS OF ‘MARKETING BRANDING DISPUTE’ IN NAME OF DENIAL ACT U.S. President Joe Biden (R) moves to hand Sen. Joe Manchin (D-WV) (L) the pen he used to sign the Inflation Relief Act with Senate Majority Leader Charles Schumer (D -NY) in the State Dining Room of the White House August 16, 2022 in Washington, DC. (Drew Anger/Getty Images) Those facts were hard to come by on some liberal media networks, with reporters and hosts parroting congressional Democrats’ talking points, or at least failing to press them on the bill’s complicated name. Four days before the deflationary bill was passed, CNN analyst Ryan Lisa called the legislation a “big deal” and said its passage would make Joe Biden an “extremely consistent president” whose legislative victory would put him in the “modern pantheon”. of great leaders. Less than a week before the bill was signed, NBC Nightly News touted the Deflation Act as an “unprecedented billion-dollar deal” with “unprecedented” energy investments that would put “downward pressure” on inflation. A day earlier, CNN Newsroom anchor Pamela Brown claimed that Biden was “one of the most legislatively successful presidents in modern history” and began sparring with former Trump campaign adviser David Urban over the Inflation Reduction Act. According to an analysis of Grabien’s transcripts, only ABC’s George Stephanopoulos, CNBC’s Joe Kernen and CNN’s Poppy Harlow pressed their guests on the bills’ meager impact on inflation before they passed the Senate. CNN CELEBRATES BIDEN’S LEGACY INFLATION REDUCTION ACT: ‘HUGE LEGISLATIVE VICTORY’ U.S. President Joe Biden speaks during a bill signing ceremony where the president signs the ‘Inflation Reduction Act of 2022’ into law in the State Dining Room of the White House in Washington, U.S., August 16, 2022. (REUTERS/Leah Millis) But as soon as the bill went into effect, the liberal media suddenly began asking tough questions, asking visitors why the legislation was called a deflationary law if it didn’t actually deflate inflation. On Tuesday’s episode of CNN’s “New Day,” CNN’s Brianna Keilar claimed the bill’s passage was a “significant victory for Biden’s agenda and for his party, even if questions remain about the if it will live up to its name. John Harwood told John Berman and Keillor that the spending bill signed by President Joe Biden was called the Lower Inflation Act as a “marketing machine” to prop up moderate Democrats like Sen. Joe Manchin, DW.Va. Harwood echoed the words of the Congressional Budget Office when he said the legislation would have a “negligible” effect on reducing inflation and argued that the legislation does not live up to its name and concluded that the bill does not live up to its name. But six days before signing the bill into law, Harwood made no mention of that “negligible effect” or the name “marketing device,” instead calling the deflationary law “a sudden reversal of fortune” for the president . “First of all, it’s important to stop and recognize the breadth of accomplishments that Democrats and President Biden have accomplished,” he said at one point. CHRIS HAYES DECLARES BIDEN’S SIGNATURE CUT INFLATION ACT ‘A HUGE DAY FOR THE COUNTRY, THE PLANET, EVERYONE’ CNN’s John Harwood tells CNN New Day that the Inflation Relief Act will have a “negligible” impact on inflation. (CNN) MSNBC contributor and Vote Latino founding chair Maria Teresa Kumar similarly praised President Biden and the Democrats for the “marketing genius behind their latest spending bill. On Wednesday, economist Jeffrey Sachs also claimed the legislation was a “marketing tool” that “doesn’t address inflation at all” during a conversation with CNN’s Randi Kaye. Hours after the bill passed, ABC’s Jonathan Karl presented the findings of the CBO report to White House Press Secretary Karine Jean-Pierre. “But let me ask you, it’s called the Inflation Reduction Act, but the Congressional Budget Office, which is nonpartisan, said there would be a negligible impact on inflation this year and it would have little impact on inflation next year, it’s not nearly Orwellian? Carl asked Jean-Pierre. JOURNALISTS CREATE DE-INFLATION ACT ABANDONMENT HEADLINE WITH BILL SIGNED: ‘NOT TRYING ANYMORE’ US President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 in the State Dining Room of the White House on July 28, 2022 in Washington, DC. subsidies. (Anna Moneymaker/Getty Images) Jean-Pierre said the legislation would benefit Americans by making sure billionaires in corporate America pay their fair share, reducing the deficit and making the tax system “fairer.” But a week earlier, Karl had no such concerns about the bill, instead blasting Biden and claiming he was “on a roll” legislatively. CNN’s Kate Bolduan similarly pressed Cecilia Rose, a member of the White House Council of Economic Advisers, telling her there were “many other names” the legislation could be called that might be more appropriate. “If you passed a bill called the Fill Every Pothole Act, I mean the voters should expect you to fill every pothole,” he said at one point. “So should voters measure the success of this bill by how much you reduce inflation over the next two years?” CLICK HERE TO GET THE FOX NEWS APP Days after the bill passed, CNBC’s “Squawk Box” Andrew Ross Sorkin began an interview Wednesday with White House economic adviser Brian Deese by noting that “questions remain” about whether the deflationary law will it really does what it says. He also directed Deese and the audience to a chyron that read, “will he live up to his name?” Diess declined to answer whether the legislation would have a positive impact on inflation and instead said he and others saw it as a “subsequent important step” in ensuring that the Biden administration’s fiscal policy complements the Federal Reserve’s monetary policy. Brooke Singman and Gabriel Hays of Fox News contributed to this report. Nikolas Lanum is an associate editor at Fox News Digital.

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