Joseph Valle is an intern for MRC Business.
Joseph Valle is a rising fourth-year student at the University of Virginia from Ashburn, VA. He is pursuing an Economics major and a Government minor, incorporating his passion of economics and politics together while taking on the news.
Latest from Joseph Valle
When the left conducts polls, it’s not surprising to see how they can manipulate questions to obtain their desired results. Atlantic staff writer Robinson Meyer on June 21 gushed how the Democratic Party has “become more interested” in pushing forward the Green New Deal (GND) advocated by Democratic socialist Rep. Alexandria Ocasio-Cortez (D-NY). He brought up how a carbon tax was apparently no longer “climate policy’s hottest plan.”
President Donald Trump infuriated the left again on June 19, when he awarded supply-side economist Arthur Laffer the Presidential Medal of Freedom. The left’s reaction was predictably vicious. An MSNBC analyst called Laffer one of the most “destructive forces” in economics since Herbert Hoover. New York Magazine writer Jonathan Chait minced no words about his anger over Laffer’s award ceremony, calling him a “kook” elevated to “metaphysical status” within the Republican Party. He ridiculed Laffer’s theory as “provably untrue” and based on a “fake curve.”
One of the left’s favorite economic talking points is an obsession with income and “wealth inequality.” In keeping with that trend, CNBC editor-at-large John Harwood offered five approaches to “fight” wealth inequality for the “economically helpless” on June 19. Most of those five proposals were liberal solutions including suggestions for taxing those at the top, imposing a higher minimum wage and spending on infrastructure. Harwood’s left-wing bias has been on display at CNBC for years.
Multimedia journalists beware, if you create a video about a candidate’s proposal without any opposing perspectives, that’s not news and your video will look like blatant advertising. That’s exactly what CNBC’s video about Sen. Elizabeth Warren (D-MA) and her student loan plan looked like on June 14. It described Warren’s plan in detail, but only her details beginning with her words and citing others on her side.
Sen. Bernie Sanders (I-VT) hit the campaign trail promoting “Democratic socialism” and claiming President Donald Trump supports “corporate socialism for the rich and powerful.” CNBC anchor Joe Kernen demanded clear definitions and answers from a Sanders adviser on June 13, attempting to learn whether democratic socialism would really mean more entitlements and government control.
The current economic expansion could “make history” if it lasts through July, but Bloomberg BusinessWeek pooh-poohed its 10th anniversary saying “no one’s partying” in the June 10 issue.
In spite of the disappointing May jobs report showing only 75,000 new jobs, MarketWatch and CNBC reported signs of continued strength in the labor market that could help ease economic jitters. MarketWatch reporter Jeffry Bartash asked, “Has the U.S. labor market really taken a big turn for the worse?” and answered, “A new pair of employment reports suggest the answer is no.” He cited a private study of employment that indicated “a steady if more subdued pace of hiring during the summer” and “near-record high” job openings (7.4 million) in April, which was coupled with an “extremely low” number of layoffs.
Hollywood celebrities aren’t the only people upset about recent state efforts to limit abortion. A number of business executives are too. CNN Business writer Jackie Wattles promoted a letter signed by more than 180 business leaders that claimed restricting abortion was “bad for business.” It appeared as a full-page ad in The New York Times. She cited a “growing willingness” by businesses to take a stand on the biggest political issues of the day, but linked only to stories of CEOs embracing left-wing causes or attitudes.
Shark Tank star Kevin O’Leary and CEO Gerald Storch brought a free market reality check to Democratic socialist Sen. Bernie Sanders’ arguments for a $15 minimum wage on CNBC’s Squawk Box June 6. Sanders went to Arkansas to attack Walmart over wages and demanded at its annual shareholders meeting that it raise wages even more on June 5. O’Leary and Storch both opposed a wage mandate, saying markets do a better job of setting wages than the government.
Liberal Hollywood celebrities love to talk about saving the planet from climate change. They blame carbon-spewing humans for planetary crisis, all while living like hypocrites. One of the biggest is actor and producer Leonardo DiCaprio. DiCaprio claims to be an environmentalist and has a charitable foundation, but that doesn’t mean he’s saving the world. Ironically, he was nearly outed by the left-wing, eco-website Grist on June 3; if only its “investigation” had gone deeper.
Business leaders wanting praise from the liberal media only need to embrace some left-wing cause. Promoting a conservative agenda earns scorn. The Washington Post published a massive profile on Dick’s Sporting Goods CEO Ed Stack and his gun control advocacy on June 2. The profile, which appeared on the cover of The Post’s Sunday Business section took up a full three-quarters of the section’s front cover that day, along with three-quarters of an inside page.
A healthy and growing economy should be good news, but CNBC claimed it could put marriages at risk. Although the liberal media often talk, downplay, or spin economic news, CNBC provided a very strange complaint about the current “strong economy” on June 1. It warned “marriage could suffer” because of economic strength. CNBC personal finance reporter Jessica Dickler wrote that given the relative strength of the economy today, marriages could be in trouble or at risk of divorce.
Even liberal newsrooms have to grapple with economic realities, as Vox Media may be learning.
It is becoming likely that a controversial star-spangled banner in North Carolina will continue to wave over Gander RV in Statesville. The city said that its leaders will consider amending an ordinance regulating the size of flags flying in a highway business zone, according to WSOC TV. Gander RV and Camping World CEO Marcus Lemonis steadfastly refused to comply with city orders to take the flag down and was even willing to go to jail. Lemonis is also the star of CNBC’s The Profit.
The New York Times continued the left’s efforts to pit the haves against the have-nots with a business section cover story complaining about CEO pay.
Not content solely to use the offensive “climate denier” term against dissenting views on climate change, a Guardian writer adopted the term “extinction deniers” in a tirade against skeptics on May 23. Contributing writer Jim Tobias claimed Republicans instigated a “campaign of climate deception,” and smeared them as “extinction deniers” for listening to critics of an upcoming United Nations report during a May 22, House committee hearing
Every year, Memorial Day reminds us of the strength and honor of the men and women who lost their lives in battle. That attitude clearly influenced Camping World CEO Marcus Lemonis’ thoughts as he vowed earlier this week to never let the American flag come down under his watch amid his current legal battle.
Even CNBC's more liberal anchor wasn't thrilled with newly announced plans from Democratic candidates to tax Wall Street transactions. Reporter Ylan Mui told Squawk Box viewers on May 23 about plans from liberal candidates Sen. Bernie Sanders (I-VT), Sen. Kirsten Gillibrand (D-NY), Sen. Elizabeth Warren (D-MA), and Pete Buttigieg (D-IN) to tax Wall Street to pay for expensive things like "free" college.