Journalistic malpractice

 Here ' s a chart from the Bureau of Labor Statistics, just released today:As you will recall, the corporate media, and a lot of politicians, were all screaming and yelling about inflation right up until the November election. Roaring inflation was ruining American families, forcing the Federal Reserve into draconian interest rate hikes, and dooming the Democrats ' prospects.Do you see what I see? The inflation spike ended, abruptly and completely, in July. So how did CNN, the New York Times, and the rest of the gang maintain the fiction that inflation was still out of control? They stopped reporting on monthly increases in prices, which has been the standard for my entire life, and started reporting on the difference between price levels this month and prices one year previously. That meant that the inflation that had already happened from February to June got reported as though it were still happening, even though inflation in July was actually zero. Prices fell in December, you will note, and deflation is supposed to be the greatest economic peril, yet the Fed is committed to continuing to raise interest rates -- even though inflation ended six months ago. They already won.Why did the corporate media lie to the American people about this, and why are they still doing it?
Source: Stayin' Alive - Category: American Health Source Type: blogs