US media, mostly backed by BIG MONEY, are slamming Biden for inflation, saying he isn't doing enough and blaming him for it.
The conservatives agreed to the financial stimulus, so they are also responsible. I think financial stimulus started during Trump, per CNN.
Trump signs historic $2 trillion stimulus after Congress passes it Friday
Then the media, including CNN commentators, states falsely that Biden hasn't cut tariffs on Chinese products. He has told people to start doing it, and they are. But selectively, as per Fortune report.
Biden waives solar panel tariffs, seeks to boost production in the U.S.
Think the US is negotiating with China on the tariffs, but it seems someone is playing hardball.
If Biden unilaterally waived all tariffs on Chinese products, then the media would ask why China didn't do the same and say that Biden waived tariffs without any concessions from China. The media and conservatives would go to town on Biden saying he is weak on China and feebleminded.
Biden's people are probably too busy to defend him from media attacks. Trump has his army of media supporters, where is Biden's? Big money doesn't back Biden, so no media support (owners, advertisers).
Productive people probably too busy to defend Biden on social media. Usually people with too much free time are on social media, IMHO.
Too many American believe things that the media, social media, politicians, rich people, textbooks, and other people without question. Foolish, cognitively dissonant, or what?
In general, most people do not seem to be very informed, or logical.
Maybe, media shouldn't be blamed. Maybe most reporters, journalists, and other related people don't notice certain false and misleading statements in reports and commentary.
When they talk about inflation, usually only one view is stated in a report, usually attributing inflation to one or two things. When someone criticizes others or blames others for problems, question their motives. Remember what Jesus stands for.
Inflation is due to many reasons too long to be contained in a simple report and cannot be blamed on Biden. Most of the blame lies in higher prices for materials and energy, due to conflicts, COVID, sanctions, downsizing, many companies automatically inflating prices because of profit margin and refusing to lower prices when costs for materials and energy go down, money supply, consumer and corporate spending details, and other factors.
Korean retailers and restaurants charging as much as they can until business drops, due to the ridiculously high rents they pay.
Probably the same in New York and other large US cities.
Big Money's greatest fear is inflation. Could halve their wealth in a short time. Panicking. A couple years of 10% inflation...A decade?
A couple of months ago, just before local elections, all the major conglomerates pledged to spend hundreds of billions of dollars and create tons of jobs in the next five years. The conservative party candidates won all the elections for city mayors and province heads.
Now, some conglomerates are saying that their investment plans can change depending on business climate, as predicted in a prior post. I seriously doubt that the conglomerates will keep their pledges, They have used this ploy for almost every election under a conservative party president.
FYI, for billion dollar investments by listed Korean companies, a stock exchange filing is made. For example, Korean shipping firm HMM [KRX:011200] announced plans to spend KRW 15 trillion (USD 11.3 billion) over the next five years.
HMM's future investment plans (in Korean)
Nothing from the conglomerates that pledged hundreds of billions of dollars, yet. Some announcements on acquisitions of other companies, but that doesn't create jobs in Korea.
Will people never learn? The younger Korean generation in their 20s and 30s believe what they see on TV without question, seemingly. Majority of 40s and 50s don't trust media on political issues.
Korean President Yoon's approval rating dropped to 32.5%. No media fuss about the rotten job he is doing, or that it could be a record low for a Korean president.
Yoon's approval rating falls to 32.5%
