Bloomberg News co-founder Matthew Winkler barked that corporate America outperforms where pre-born baby slaughter is defended. Talk about being chronically tone-deaf.
Winkler’s Dec. 14 op-ed didn’t beat around the bush with his nutty take: “Corporate America Thrives Where Abortion Is Protected.” Winkler apparently didn’t figure out that correlation doesn’t equal causation, a relevant rule of thumb he should have heeded before propagating senseless economic theories.
“The US economy already is suffering the economic consequences in states that have criminalized abortion,” Winkler railed in a diatribe castigating the ripple effects of the U.S. Supreme Court’s decision to overturn the infamous pro-abortion Roe v. Wade ruling. Winkler’s drivel was dedicated to propping up the pro-abortion rambling of U.S. Commerce Secretary Gina Raimondo, who railed how she doesn’t “‘know why any woman would want to live in a state that criminalizes full access to health care.’”
Winkler babbled so much that he praised how corporate America is thriving in states that “enshrined reproductive freedoms,” ignoring the horrific optic of portraying businesses as profiting from death.
In the 10 states that enshrined reproductive freedoms since April 2020, as the Covid-19 labor market began its recovery from the worst recession since the Great Depression, non-farm payrolls increased an average 18.3%, compared with 16.9% for the country as a whole, according to data compiled by Bloomberg, [emphasis added.]
Of course, Winkler buried a pretty glaring hedge in the sixth paragraph how “There are many determinants beyond reproductive rights that explain why companies in some states outperform their peers in other states.” [Emphasis added.]
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No kidding, Sherlock!
But Winkler proceeded to castigate 11 states that individually placed restrictions on abortion as “less diverse, less profitable and less productive than the US average for big and small firms alike and, by these same measures, inferior to companies in the 10 states that expanded access to abortion.”
Here’s the problem: 7 of the 11 states that Winkler smeared — Alabama, Arkansas, Texas, Louisiana, Oklahoma, Mississippi and Tennessee — are also states Merchant Watch identified June 20 as being “most impacted” by the sky-high inflation brought on by the Federal Reserve’s outrageous money-printing policies and President Joe Biden’s out-of-control spending. Louisiana was listed as the top state devastated by inflation. Merchant Watch’s report was released four days before SCOTUS even released its official decision overturning Roe.
Perhaps inflation has a stronger correlation with the economic performance of the states Winkler arbitrarily rebuked. But readers wouldn’t know it reading his report. In fact, the word “inflation” doesn’t even appear until the last paragraph of his 11-paragraph op-ed.
Winkler’s sanctification of abortion as an economic benefit makes sense in light of Bloomberg News owner Michael Bloomberg’s sordid history of spending millions to support pre-born baby-slaughter mills like Planned Parenthood.
MRC Business in 2019 reported that Bloomberg’s nonprofit organization funneled at least $13,962,000 into Planned Parenthood 2014-2017. The current average cost for a first-trimester abortion is $600, which means Bloomberg’s Planned Parenthood funding could in theory pay for a whopping 23,270 abortions.