News/Commentary

Politico pushes ‘comeback kid’ fantasy: After ‘a brutal year,’ Biden ‘is suddenly on the verge of a turnaround’

July 29, 2022 | | Print Article

Politico is facing intense mockery for writing a “comeback kid” story about President Joe Biden, a man considered by many to be the “worst president” in U.S. history.

“Somehow, someway, Joe Biden is back in the game. After enduring a brutal year, Biden is suddenly on the verge of a turnaround that, the White House believes, could salvage his summer — and alter the trajectory of his presidency,” Politico tweeted Thursday.

Look:

The tweet linked to a 1,000+ word piece expanding on this idea. The central thrust of the piece is the notion that passage of the so-called Inflation Reduction Act, an exorbitant bill that calls for spending nearly half a trillion dollars, “could turn the tide for Democrats trying to persuade voters to keep them in power.”

Really, though?

Politico published the piece the same day that the Bureau of Economic Analysis confirmed that the economy contracted again during the last quarter.

“Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate. That follows a 1.6% decline in the first quarter and was worse than the Dow Jones estimate for a gain of 0.3%,” according to CNBC.

This is considered to be a “strong recession signal.” In fact, many critics say that America is already in a recession given the decline in GDP and rising inflation.

Speaking of inflation, despite the Inflation Reduction Act’s name, critics say it would only exacerbate ongoing inflation.

National Review notes that the deal consists of “a large tax increase on corporations — which, because it will lead to increased prices, is inflationary,” and “a series of tax credits (read: subsidies) for energy companies, child-care providers, and Obamacare recipients — which, because they will leave their recipients with more disposable income and thereby increase demand, are inflationary.”

The deal also calls for spiking taxes on corporations, which National Review’s editorial board notes is a move that “is not exactly a recipe for economic growth, or for correcting supply-chain issues.”

Additionally, it calls for expanding the power of the IRS.

“At a time when Americans are being squeezed by inflation, Democrats apparently want them to also be squeezed by the IRS. The tax-enforcement provisions would effectively double the size of the agency, giving it more manpower to audit taxpayers. That’s what ‘closing the tax gap’ will mean in practice: more audits. Hooray,” the board writes.

And according to Politico, all this is supposed to make voters want to vote for Democrats in November. Uh huh …

The replies to Politico’s tweet speak for themselves:

Is America actually in a recession, though? According to its official definition, the answer is a resounding yes.

As House Speaker Nancy Pelosi said in 2008, “You know, a recession is two periods of — two quarters of negative growth in a row.”

Fact-check: TRUE.

However, in recent weeks, Democrats and their stunningly sycophantic media allies have sought to redefine the meaning of the word recession rather than admit they’ve been wrong since day one and ought to reverse course on their bad policymaking.

Like House Minority Leader Kevin McCarthy said this week, “Democrats would rather redefine a recession than restore a healthy economy.”

“The American people know that inflation was not temporary, inflation hadn’t peaked, and now we’re in a recession. But the Democrats continue to talk down to American families — no matter the increased cost of nearly everything. Worse, Democrats have no plan to fight inflation and put our country back on track,” he added.

Vivek Saxena
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