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The Washington Post offers a free lesson in how to spin the booming Biden economy into bad news [1]

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Date: 2023-10-06  

Piggybacking on Laura Clawson’s post, here’s the Washington Post:

The U.S. economy churned out a blockbuster 336,000 jobs in September, smashing economists’ expectations and heightening the risk that policymakers will have to push even harder to slow down the economy.

Why, exactly, will policymakers have to slow down the economy? Isn’t a slow economy a bad thing? Isn’t people getting jobs a good thing? And yet, here, in the opening paragraph, it’s the huge number of people getting jobs that’s taken for granted as being bad.

Meanwhile, this seems significant:

The data released Friday by the Bureau of Labor Statistics offered yet another snapshot of the job market’s remarkable strength, with the unemployment rate holding at 3.8 percent and wage growth outpacing inflation in a boost to workers.

And the very next sentence:

But it was also the latest example of an economy that simply refuses to slow down, despite the Federal Reserve’s aggressive attempts to get prices and hiring closer to normal levels.

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[1] Url: https://www.dailykos.com/stories/2023/10/6/2197891/-The-Washington-Post-offers-a-free-lesson-in-how-to-spin-the-booming-Biden-economy-into-bad-news?pm_campaign=front_page&pm_source=latest_community&pm_medium=web

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