Saturday, August 20, 2022

CNN Roasted For Monthly Pay Raise Assertion


Twitter went wild over a CNN Business article on Friday spinning recently-lowered gas prices in the country as a "$100-a-month raise," reports Fox News Digital.

The piece, written by CNN Business senior writer Chris Isidore, argued that since gas prices have dropped from their record average highs, people should view it from the perspective that it’s an "unexpected form of economic stimulus."

"Next time you stop at a gas station, think of it as a $100-a-month tax cut. Or a maybe $100-a-month raise," he told readers.

Chris Isidore
Explaining the cause for joy, he wrote, "Since hitting a record of $5.02 a gallon on June 14, the national average price for regular gas is down $1.10, or 22%, to $3.92, according to AAA. That average has now fallen for 67 consecutive days."

Isidore then couched that data in terms of household savings. "Since the typical U.S. household uses about 90 gallons of gas a month, the $1.10 drop in prices equals a savings of $98.82."

However, Twitter users who lived with gas prices much lower before President Biden took office found this to be insulting propaganda. 

Rep. Kelly Armstrong, R-N.D., neutralized the spin in the simplest of terms, tweeting, "Gas was $2.39 a gallon when @POTUS took office. It is $3.92 now. Next on @CNN arsonist gets medal for helping fight fire he started."

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