David Catron writes for the American Spectator about bad news for the legacy media.
According to the Producer Price Index (PPI) report, an important indicator of future inflation pressure, “Prices for final demand goods moved down 0.9 percent in March, the largest decrease since falling 1.4 percent in October 2023.” These PPI statistics, combined with the CPI numbers, clearly portend a brighter future for long suffering consumers and the nation’s economy in general. But the legacy media are loathe to report good news if it reflects well on the new Trump administration. Instead, they search for some black cloud to tarnish every silver lining. …
… The corporate media have struggled since the election to find some issue that would reduce President Trump’s job approval rating. They clearly believe they have finally found the silver bullet in the “global trade war” he has supposedly precipitated. Thus, it was inevitable that surveys would begin to appear purporting to show public concern about tariffs. Likewise, it was only a matter of time before they exhumed former Treasury Secretary Janet Yellen to denounce tariffs: “This is the worst self-inflicted policy wound I’ve ever seen in my career inflicted on our economy. The Trump tariff plans are doing immense damage to our economy.”
Yellen has predictably reversed her position on tariffs, which she defended when former President Biden imposed them on Chinese steel, aluminum, and other products. She also joined the chorus of doomsayers who pointed to last week’s volatile stock market as proof that Trump’s trade policy is disastrous. Yet, as Investopedia reports, the market wrapped up the week with an exceptionally strong surge: “The Dow and S&P 500 gained 5% and 5.7%, respectively, this week, their best performances since October 2023. The Nasdaq rose 7.3%, its biggest weekly increase since November 2022.” Meanwhile, back at the CPI, energy prices drove the decrease.
