


Arguably one of the most smug reporters at the flailing CNN network tried once again to locate the bad news when there's good economic news for President Donald Trump.
The Bureau of Economic Analysis released a report May 30 finding that personal income spiked at a much hotter-than-expected clip of 0.8 percent against expectations of 0.3 percent in April. The personal consumption expenditures (PCE) index, which acts as the Federal Reserve’s preferred measure of inflation, slowed more than expected to 2.1 percent. That’s just shy of the Fed’s 2 percent target before it begins cutting rates.
While CNN reporter Matt Egan was forced to admit that the development on inflation was “good news,” the Bidenomics simp couldn’t help himself and tried to still inject ridiculous scare-porn into his coverage on the May 30 edition of CNN News Central. “A lot of economists do believe that this is still the calm before the storm — that we will eventually see tariff price hikes.”
Eventually, inflation will roar back. Fingers crossed?
Egan treated the economic news like his network does with climate change: Disaster is coming, but you won’t see it until the future. “Not seeing it yet, but it is the expectation to come.” Same logic: The sky is falling …someday.
This is just the second instance in a matter of days that Egan has made himself look utterly foolish trying to spin good economic news for Trump as still being bad.
CNBC's Rick Santelli: "The income numbers, really, for the first four months of year — they're stellar ... This administration is criticized for just about everything under the sun ... Why don't we give credit where credit is due? Income really shooting up." ???????? pic.twitter.com/TuqN9JMoIp
— Rapid Response 47 (@RapidResponse47) May 30, 2025
When the Labor Department released its own inflation report showing a welcome unexpected slowdown in the increase of consumer prices against economists’ expectations, Egan ran an asinine spin piece that was the equivalent of him stepping on a rake: “Good news! Prices are falling. But it might be for bad reasons.” Yeah, we couldn't make sense of that one either.
What’s even more ridiculous is that Egan isn’t even alone in pushing this kind of contradictory logic. His colleague, CNN Business Executive Editor David Goldman, injected his hefty amount of oxymoronic spin into the Labor Department’s inflation report just to maintain the notion that Trump was still somehow lying about tumbling egg prices even though the president’s argument eventually turned out to be true. His ridiculous headline spoke for itself: “Trump’s egg price fiction has suddenly become reality.” In other words, “Yeah, so the lies Trump told eventually turned out to be kind of true but he was still lying.” Derp.
It’s as if having a penchant for contradicting yourself is a prerequisite for being a reporter at CNN.