Banking/Finance
It looks like one big-name businessman isn’t allowing the coronavirus to dim his hopes on America’s economic strength. The Hillary Clinton supporter, billionaire Shark Tank star and Dallas Mavericks owner Mark Cuban stated in an economic-based interview on a Fox News podcast (Fox News Rundown ) that “We've had a taste of socialism right now ... giving money and redistributing wealth ... that's okay.” But Cuban didn’t put his stock in socialism:
During a rare, exclusive interview with Federal Reserve Chairman Jerome Powell on Thursday, NBC’s Today show co-host Savannah Guthrie couldn’t help taking a jab at President Trump, wondering if Powell had to “just ignore” Trump’s frequent criticism of the U.S. central bank’s monetary policy.
MSNBC’s on-air talent just cannot seem to help themselves. MSNBC host of All In Chris Hayes sent out a flippant tweet in response to reports that the Trump administration will be asking Congress for “more than $800 billion in economic stimulus: $500 bil in payroll tax cut, $250 bil in Small Business Association loans, $58 billion for the airlines, and a smattering of other items." Hayes tweeted, “BREAKING: We can, of course, afford a Green New Deal. That’s been true all along.”
When the economy gets you down, just throw truckloads of taxpayer cash at it. At least, that’s what MSNBC Anchor Chris Hayes says Congress should do. Hayes sent out his policy prescription on Twitter in the early morning of March 13: “I increasingly convinced we need Congress to pass a trillion dollar stimulus in the next week, focused on people not industry bailouts. Probably best just direct cash.”
MSNBC’s Joy Reid sent out a flippant tweet in an attempt to denigrate the Trump administration’s plan to direct the Small Business Administration to provide liquidity to states and small business owners through low-interest loans to provide economic relief from the coronavirus impact. Reid stated, “Who knew low-interest business loans were the key to stopping the coronavirus spread?” Fox Business' Melissa Francis let Reid have it: “Have you ever been responsible for making payroll, ever?”
Well, that certainly did not go as planned.NeverTrumper and “Republican political strategist” Rick Wilson made a sorry attempt to play gotcha over the coronavirus-induced market dip March 9, by sharing a tweet the same day that appeared to be from President Donald Trump in 2015. The tweet he shared called for the punishment of a sitting president if the Dow Jones Industrial Average fell “more than 1000 ‘points’ in a Single Day” (the tweet called it the “Dow Joans”). Wilson commented: “I agree, Mr. President.” The problem? Wilson agreed with a fact-checked “fake” tweet.
Looks like the liberal blowhard HBO comedian Bill Maher may be getting his wish. Maher had been begging for a market crash and recession to occur in hopes it would oust President Donald Trump from the White House. In 2018, he sniped, “I feel like the bottom has to fall out at some point, and by the way, I’m hoping for it because I think one way you get rid of Trump is to crash the economy.”
Leave it to the liberal media to take the good news of the February jobs report and try to throw cold water on it as quickly as possible by pounding on coronavirus fears. MSNBC's Maddow Blog, NBC News, The New York Times and The Washington Post all wrote liberal spin stories on the latest jobs report by the Bureau of Labor Statistics. The job numbers showed that the economy added a whopping 273,000 nonfarm payroll jobs, smashing expectations.
Liberal billionaires Michael Bloomberg and Tom Steyer spent over $1 billion in their attempt to oust President Donald Trump from office, an effort that began even before their 2020 presidential campaigns.
So how did that March 2, “economic shutdown” work out for actress Patricia Arquette? On Monday, the Dow Jones Industrial Average spiked 1,294.3 points, for its “biggest point gain ever,” according to CNBC. But that wasn’t all. The S&P 500 also had its “biggest point gain ever.”
Liberal billionaire Warren Buffett, who’s been fairly quiet this election cycle, took to CNBC to weigh in on the Democratic primary races. As it turns out, even The Billion-Dollar King of Abortion found self-proclaimed socialist Sen. Bernie Sanders (I-VT) too left-wing.
Joe Scarborough of MSNBC’s Morning Joe distorted an Axios report on President Donald Trump’s economy to credit former president Barack Obama. The show ran a segment defending Obama’s tweet congratulating himself for today’s booming economy.