Viewers who have been watching ABC, CBS, or NBC since Feb. 1 have likely heard nothing about a rising hint that Americans are feeling worse under President Joe Biden.
Problems and information published a report on the misery index, a measurement started under President Lyndon Johnson who combines the unemployment rate and the inflation rate. The idea is that “unemployment and the rapid rise in the cost of living are producing palpable misery in the country”. The measure peaked at “the start of COVID-19 lockdowns, going from 5.94 to more than 15 in a month with soaring unemployment,” Issues & Insights mentionned. However, “it quickly dissipated, as the economy under [former President Donald] Trump rebounded faster than the so-called experts predicted. By the end of Trump’s term, “the misery index had dropped to 7.7.” But a “funny thing has happened since,” according to Issues & Insights. The misery index has climbed every month that Joe Biden was president. “The misery index hit 11.3 in June,” higher than it has been (before the pandemic) since the Great Recession. It is also higher than the average of 9.2 after the Second World War, ”according to Issues & Insights.
Nexis research conducted by MRC Business found that the Rising Misery Index received no coverage from ABC, CBS and NBC from February 1 to July 16. Under Trump, the index average between January 2017 and December 2020 was 6.9 ”,the third lowest of all post-war presidentsSaid Issues & Insights. On the other hand, within just a few months of the Biden administration, the index average is 9.05, 2.15 points higher than Trump’s average for his entire term. [Emphasis added.]
Issues & Insights broke the peak of the misery index under Biden: “In February, it rose to 7.9, then rose to 8.6 in March.” He continued: “Last month the misery index reached 11.3, as the monthly inflation rate climbed to 5.4% while the unemployment rate edged up to 5.9%. ” The outlet blamed spikes in Biden’s irresponsible stimulus package and the “hugely misguided unemployment bonus,” which made being unemployed seem “more lucrative than collecting a paycheck.” He also said Americans “might not feel the pinch in the poverty index because [taxpayer-funded] government checks act as a temporary balm. This suggests that Americans will feel the sting once the government tap is finally turned off.
IBD / TIPP index of economic optimism also fell “2.1 points to 54.3 in July, the lowest since February,” to make matters worse. Meanwhile, the poll financial stress measurement climb. “The poll also found that public support for Biden’s management of the economy had taken a hit,” Issues & Insights concluded.
The Conservatives are under attack. Contact ABC News (818-460-7477), CBS News (212-975-3247) and NBC News (212-664-6192) and hold them accountable for the censorship of the peak of the misery index under Biden.