MSNBC, ABC, CNN Recognize Inflation Reduction Act Won't Cut Inflation After Bill Passes: 'Marketing'

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Left-wing media networks such as MSNBC, ABC, and CNN eventually realized that theInflation Control Actdid not actually curb inflation, but that large spending It wasn't until the package was already introduced. signed the law. 

The bill, which passed the Senate earlier this month and the House last week, will cost an estimated $437 billion, of which $369 billion will go to investments in "energy security and climate change." It is According to a Senate Democrat summary.

Democrats said the bill would raise $737 billion, impose a 15% minimum corporate tax that is projected to raise $222 billion, and increase prescription drug spending, which the Senate estimated would raise $265 billion. It claims that the pricing will mitigate the deficit. 

One of the things that anti-inflation laws do not expect, according to multiple analyzes, is to contain inflation. The Congressional Budget Office estimates that the bill will havea "negligible impact" on inflation in 2022,and the impact in 2023 will range from lowering inflation by 0.1% to increasing it by 0.1%. said it would range.

MSNBC Contributor Praises Democrats for "Marketing Branding Genius" in Naming Inflation Cut Bill

U.S. President Joe Biden (R) signed with his signature pen to Senate Joe Manchin. Rep. (D-WV) (L) moves to pass the Inflation Reduction Act with Senate Majority Leader Charles Schumer (D-NY) in the State Dining Room of the White House in Washington, DC, Aug. 16, 2022.  (Drew Angerer/Getty Images)

These facts are hard to come by in many liberal media networks and are often used by reporters and moderators. is parroting the story. It failed to press Congressional Democrats to the point, or at least the bill's embarrassing name. 

Four days before the Curb Inflation Act was passed, CNN analyst Ryan Lizza called the bill "a big deal" and said that its passage would force Joe Biden into legislation. He said he would be a "very important president" who won at 

Less than a week after the bill was signed, the NBC Nightly News announced that the Inflation Control Act would be replaced by the Energy Touted as a "blockbuster billion-dollar deal" with an "unprecedented" investment in the company, it will add "downward pressure". about inflation.

The day before, CNN Newsroom host Pamela Brown argued that Biden was "one of the most successful legislative presidents in modern history," accusing Trump of overinflation-cutting legislation. Conflicted with the camp's former advisor, David Urban.

Only ABC's George Stephanopoulos, CNBC's Joe His Curnen, and CNN's Poppy His Harlow, according to an analysis of Gravien's transcripts, made a small contribution to inflation before the bill passed the Senate. We pressured our guests about the impact. 

CNN Celebrates Biden's Passage of 'Legacy-Defining' Inflation Reduction Act: 'Big Legislative Victory'

U.S. President Joe Biden said at a bill-signing ceremony to be signed by the president. will give a speech at 2022” was enacted on August 16, 2022 in the State Dining Room of the White House, Washington, USA.   (REUTERS/Leah Millis)

But once the bill was enacted, the liberal media suddenly began asking tough questions, He asked a guest why the bill was named the Control Inflation Act when the government did not control inflation. 

Brianna Keilar of .

John Harwood warned John Berman and Keeler that the appropriations bill signed by President Joe Biden would use inflation as a "marketing device" to win over moderate Democrats. He said it was called the Reduction Act.

Harwood echoed the words of the Congressional Budget Office, stating that the bill would have a "negligible" effect on lowering inflation, and that the bill would not 

but be signed into law. Six days earlier, Harwood called this "negligible effect" or "alternatively, the Control Inflation Act a "sudden reversal of fortunes." I'm the president. 

"First of all, it is important to pause and recognize the broader achievements that Democrats and President Biden have achieved," he said at one point. 

Chris Hayes declared Biden's signing of inflation cuts bill 'big day for country, planet and everyone'

CNN reporter John Harwood tells CNN Newday that inflation cuts He said the law has a "negligible" period. impact on inflation. (CNN)

MSNBC contributor and Vote Latino founder Maria Teresa Kumar similarly called President Biden and the Democrats “them. The marketing branding genius behind the latest appropriations bill." 

On Wednesday, economist Jeffrey Sachs argued in a conversation with CNN's Randy Kay that the law was a "marketing tool" that "does not address inflation at all." 

Just hours after the bill was passed, ABC's Jonathan Carr sent the findings of the CBO report to White House press secretary Carine Jeanpierre. 

Listen, it's called the Reducing Inflation Act, but the nonpartisan Congressional Budget Office said its impact on inflation this year would be negligible and its impact on next year's inflation would be negligible. That's hardly Orwellian," Carl asked Jean. -Pierre.

Title of reduction method with signature: ``No More Attempts''

US President Joe Biden speaks on the 2022 Inflation Reduction Act in the State Dining Room of the White House, Washington, DC, July 28, 2022.  subsidies.  (Anna Moneymaker/Getty Images)

Jean-Pierre said the law would allow American corporate billionaires to pay their fair share. He said it would benefit Americans by making them pay. Reduce the deficit and make the tax system “fairer”.

But a week ago, Carl said he had no such concerns about the bill, instead hyping up Biden and claiming it was "on track" legislatively. 

CNN's Kate Balduan likewise put pressure on White House Council of Economic Advisers member Cecilia Rose to name more names for the bill. "There are many other names," he said. fitting. 

"If you pass a bill called the Fill in the Blanks Act, voters should expect you to fill in all the holes," she said at one point. rice field. "Voters should judge the success of this bill by how much it will reduce inflation over the next few years."

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Days after the bill was passed, CNBC's Andrew Ross Sorkin said the "squawk box" was in an interview Wednesday with White House economic adviser Brian Deeds. and said that "questions remain" as to whether the Inflation Reduction Act actually does what it says. It took me to Cylon.

Diess would not comment on whether the bill would have a positive impact on inflation, instead confirming that the Biden administration's fiscal policy would complement US monetary policy. He said he felt it was a "necessary and important step" for Federal Reserve. 

Brooke Singman and Gabriel Hays of Fox News contributed to this report.