Malinowski’s Bear Market

Tom Malinowski claims that “Thanks to last year’s economic rescue package, Americans have money to spend,” but news this week paints a very different picture.

• BEAR MARKET: The economy entered a bear market this week, a sign “the next year is going to be a tough one for the U.S. economy.”
• RECESSION COMING: A U.S. recession is all but unavoidable for next year, according to a majority of leading economists in a new poll.
• INFLATION HIGH: As inflation continues to soar, more people are cutting back on saving for retirement.
• AMERICANS WORRIED: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances.

“The price of everything from gas to groceries is soaring, the economy is in free fall, a recession is around the corner, and yet Tom Malinowski is bragging that ‘Americans have money to spend,’” said CLF Press Secretary Cally Perkins. “What planet is Tom living on? With comments this out of touch, it’s no surprise voters are clamoring to show him the door.”