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Thursday, March 28, 2024

CNN Admits Economic Shrinkage ‘Disastrous’ for Dems’ Midterm Hopes

'It’s the worst political environment that I’ve lived through in 30 years of being a political consultant... '

(Jacob Bruns, Headline USA) With a potentially disastrous midterm election approaching for the Democrats, even their propaganda branch of mainstream media hacks at CNN admitted that economic woes could make matters even worse come November, the Western Journal reported.

“The news that the US economy unexpectedly shrank over the first quarter of the year is an absolute body blow to Democrats already reeling amid growing economic concerns ahead of the 2022 midterm election,” CNN journalist Chris Callizza wrote.

After nearly 7% GDP growth in the final quarter of 2021, the American economy sharply declined in the first quarter of 2022, shrinking by 1.4%.

President Joe Biden addressed the concerns earlier this week.

“Well, I’m not concerned about recession. I mean, you’re always concerned about recession, but the GDP, you know, fell to 1.4%.”

“It’s the worst political environment that I’ve lived through in 30 years of being a political consultant,” John Anzalone, a pollster, said.

According to a recent poll, many Americans believe that the economy is bad and trending downwards.

Only 2 percent of Americans polled said that economic conditions were “excellent,” 18 percent said it was “good.” 38 percent said it was “fair” and 42 percent said the economy was “poor.”

Making matters worse for Democrats, 76% of Americans also believe that the economy is in decline. A mere 20% believe that the economy is improving.

As American confidence in the Biden administration wanes, so has American confidence in the economy.

The Economic Confidence Index has dropped substantially in recent weeks to a score of -39 on a scale of -100 to +100.

According to the CNN article, all of this polling data points to a disastrous midterm election for the Dems.

“If things stay roughly where they are today — in terms of economic measures like GDP and CPI and Americans’ perceptions of the state of the economy – Democrats will experience a cataclysm at the ballot box this fall,” Callizza predicted.

“The question won’t be whether they hold their paper-thin majorities in the House and Senate, but rather how big the electoral hole will be that they have to try to dig out from over the coming decade,” he concluded.

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