Harrop: Talking turkey about inflation, recession, employment (how many in the media misstate these)
By Froma Harrop / Creators.com
May I be so bold as to note that the price of turkey is down this year? To be specific, a 16-pound turkey now costs an average $27.35. That’s a 5.6 percent drop from last Thanksgiving.
Making a big deal out of this would not be necessary had all things turkey not become an obsession two years ago. Remember the drama over a rise in the cost of Thanksgiving dinner so manageable that virtually no menus changed? Recall how the news channels couldn’t talk enough about a turkey shortage that, actually, didn’t exist?
But it is necessary now that food inflation has been much tamed. We mention this as a protest against the unwritten law that no good economic news may get good coverage; as long as Joe Biden is president.
This is so hard to admit that some Biden critics have resorted to recycling out-of-date bad news. Two months ago, New York Times columnist Bret Stephens lamented that the average price of a dozen eggs had risen 38 percent between January 2022 and May of this year. Had he updated these numbers to the time of publication, he would have had to observe that a dozen eggs currently cost half what they did in January and were roughly the same price as in 2018. Such misreporting helped answer his headline’s implied question: “Why So Many Americans Are So Down on Biden.”
https://www.heraldnet.com/opinion/harrop-talking-turkey-about-inflation-recession-employment/
