Bloomberg Says Biden Surge In Gas Prices ‘Isn’t as Painful as It Looks’
The billionaire Bloomberg propaganda outlet wants us to know that “The Surge in Gas Prices Isn’t as Painful as It Looks.”
That’s the actual headline over there.
STOP WHINING!
JOE BIDEN IS SAVING YOU MONEY, FOOLS!
HOW DO YOU LIKE BIG JOEY NOW!
This is all they got:
It’s time to take a collective breath. Despite all the complaining about the cost to fill up, gasoline is no bigger a portion of household expenditures than it has been historically. The strategists at RBC Capital Markets ran the numbers and found that current fuel expenditures amount to 3.5% of total consumer spending, compared with an average of 3.6% in monthly data going back three decades.
Here’s another way to think about this: The previous high in gasoline prices was around $4 a gallon in 2008, or $1 lower than they are now. But back then, gasoline expenditures accounted for 4.5% of spending, enough to lead to what the RBC strategists described as “demand destruction.”
Oh, I’ve been such a fool!
I feel so much better now!
How out of touch and dishonest, not to mention desperate, does one have to be to spin crippling energy prices as a good thing?
https://www.breitbart.com/the-media/2022/07/01/nolte-bloomberg-says-biden-surge-gas-prices-isnt-painful-as-looks/