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MSNBC’s Joy Reid denies that inflation is affecting the economy and accuses GOP of taking up the issue

Top media headlines November 18th

On the media news today, Bill Maher and Chris Cuomo argue over Dave Ch -pelle’s Netflix special, the Washington Post corrects over a dozen Steele dossier articles, and a New York Times employee says the inflation panic is being fueled by the “rich” above theirs depreciated assets are angry

MSNBC presenter Joy Reid argued with her colleague Stephanie Ruhle that inflation is actually not an issue in the economy.

On Wednesday, the host of “The ReidOut” discussed growing fears of rising inflation, which is affecting the economy. Reid immediately made inflation worries a Republican talking point.

BIDEN’S TREASURY PICK OMAROVA WOULD ‘STARVE SECTORS’ NOT IN ACCORDANCE WITH DEMOCRATIC INTERESTS

Aimee Allison (L), founder and president of She the People, opens the She the People Presidential Forum with political scientist Joy Reid on  -ril 24, 2019 in Houston, Texas, USA. REUTERS / Loren Elliott
(REUTERS / Loren Elliott)

“Republicans want you to believe that the economy is not doing well, that it is terrible. Unemployment is at its lowest level since the pandemic began. Prices are higher, which is never good, but Americans are spending a record amount that it used to be. “During the pandemic, what the 101 economy is about to tell you is driving prices up, aka inflation,” stated Reid.

She also seemed to blame Americans for feeling pessimistic simply because “things cost a little more”.

“This conflict between what we want to spend and what we can get our hands on quickly makes many Americans look pessimistic about the economy,” she said

She later insisted, “The economy is not bad. People are crazy because it’s all too late and things cost a little more.”

Reid spoke to Senator Elizabeth Warren, D-Mass., Who agreed the economy is doing fine, contrary to many inflation reports.

CHICAGO, ILLINOIS - OCTOBER 22: Democratic Presidential Candidate Senator Elizabeth Warren (D-MA) visits with striking Chicago teachers at Oscar DePriest Elementary School on October 22, 2019 in Chicago, Illinois.  About 25,000 Chicago school teachers went on strike last week after the Chicago Teachers Union (CTU) failed to reach a contractual agreement with the city.  With  -proximately 300,000 students, Chicago has the third largest public school system in the nation.  (Photo by Scott Olson / Getty Images)

CHICAGO, ILLINOIS – OCTOBER 22: Democratic Presidential Candidate Senator Elizabeth Warren (D-MA) visits with striking Chicago teachers at Oscar DePriest Elementary School on October 22, 2019 in Chicago, Illinois. About 25,000 Chicago school teachers went on strike last week after the Chicago Teachers Union (CTU) failed to reach a contractual agreement with the city. With  -proximately 300,000 students, Chicago has the third largest public school system in the nation. (Photo by Scott Olson / Getty Images)
((Photo by Scott Olson / Getty Images))

“There are many strong signs in this economy, especially from the pandemic, many good economic indicators,” Warren said.

Reid accused Republicans of “picking up” inflation to attack President Biden, which they linked to his low  -proval rating.

“Consumer confidence is at its lowest level in a decade, according to a University of Michigan survey, and that lack of confidence has resulted in a decline in Biden’s  -proval, in part because Republicans take up inflation and blame Joe Biden personally for it – a funny one Twist after Republicans and Trump maxed out the national credit card for tax cuts for the super-rich and part of the wall Mexico should pay for, “Reid said.

Later on the show, Reid referred to Wednesday’s White House announcement that it would investigate oil companies for profit-related alleged gas price inflation.

“There are some calls to investigate these oil companies because they don’t really like Build Back Better either, because it takes care of their problems, but what about when people stay home for a year and suddenly the price of gas goes up?” said Reid.

Warren agreed, accusing oil companies of “price gouging” while Republicans used the issue politically.

“This is not about inflation. It’s about price gouging for these people. So i understand. When we see prices go up we’re all concerned and Republicans want to come in and just try hammering on an issue of economy, but we have to pay attention to the fact that people like the oil companies are saying, I think it’s just another opportunity to make a profit and we need to point it out, “Warren said.

FILE PHOTO: Gas prices rise with inflation, as shown by this sign on a gas station in San Diego, California, the United States, Nov. 9, 2021.  REUTERS / Mike Blake / File Photo

FILE PHOTO: Gas prices rise with inflation, as shown by this sign on a gas station in San Diego, California, the United States, Nov. 9, 2021. REUTERS / Mike Blake / File Photo
(REUTERS / Mike Blake / File Photo)

MSNBC colleague Stephanie Ruhle previously tried to “put inflation problems in perspective” by arguing that household savings have increased along with prices.

“The dirty little secret here, Willie, while no one likes to pay anymore, on average we have the money for it,” she said. “Household savings hit record highs during the pandemic, we really didn’t have anywhere to go out and spend.”

Fox News’ Cortney O’Brien also contributed to this report.

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