As soon as the second quarter GDP growth of 4.1 percent became public, the media did their best to downplay the good news and refrain from giving President Trump and his policies credit for the strong economy, instead accusing him of using the news to “distract” from the Russia investigation. Not surprisingly, the dismissal of the President’s role in the good economy began before the report even came out.
Seconds after President Trump concluded a White House address on Friday rightfully touting strong economic growth, Meet the Press moderator Chuck Todd joined NBC live special coverage to immediately throw cold water on the news and accuse the president of having “over-hyped” the 4.1% increase in the gross domestic product.
CNBC’s Squawk on the Street and Bloomberg.com viewed the latest U.S. GDP report as good news for the Trump administration. The 4.1 percent second-quarter GDP estimate announced July 27, was the best quarterly pace in almost four years. Bloomberg.com called it a “Win for Trump” that same day.
At a Wednesday press conference in the White House Rose Garden, President Trump and E.U. Chief Executive Jean-Claude Juncker announced that the two trade partners were moving forward on a plan to end their trade war. Juncker’s presence at the White House illustrated that it was the E.U. that caved under pressure, but the liberal broadcast networks (ABC, CBS, and NBC) were having none of it and refused to give Trump the win.
Former Treasury Secretary Larry Summers predicted that if Donald Trump were elected, there would be a protracted recession within 18 months. Heeding its experts, a month before the election, The Washington Post ran an editorial with the headline “A President Trump Could Destroy The World Economy.” Steve Rattner, a Democratic financier and former head of the National Economic Council, warned, “If the unlikely event happens and Trump wins, you will see a market crash of historic proportions.”
New York Daily News’ parent company Tronc announced it would cut the tabloids newsroom staff in half on July 23. DeadSpin viewed the act as class warfare.
Tronc attributed the cuts to “realities of our business and the need to adapt to an ever-changing media environment,” according to CBSNews.com. A $15 million payout to CEO Michael Ferro (bundling the three-year obligations into a single payment) ahead of sexual harassment claims against him surfaced in March, put Tronc $14.8 million in the red in the first quarter.
During Sunday night’s edition of The Next Revolution With Steve Hilton, host Steve Hilton brought up a new initiative put into place by the Trump Administration, led by Ivanka Trump, designed to “train workers for the jobs of the future.” Hilton said that he did analysis on how much coverage the executive order got on the three networks and he reported on his findings: “ABC News: 0, NBC News: 0, CBS News: 0.” It looks like the networks could not take a break from their wall-to-wall Russia hysteria to highlight something that concerns every American: the economy.
In an article denouncing President Trump's weekend attacks on Amazon founder Jeff Bezos and his properties, the Washington Post claimed it was not lobbying for Amazon.
Un minúsculo grupo de manifestantes que abogan por la abolición de ICE recibió tratamiento mayúsculo en Telemundo, la misma cadena que pasó por desapercibidos a los 164,000 hispanos que acaban de ingresar a la fuerza laboral del país, así como el nivel de desempleo hispano más bajo en la historia.
More Americans are quitting their jobs and even some media are admitting “that’s a good thing.”
The rising rate of American workers quitting their jobs voluntarily shows their confidence in the economy, especially the labor market. The quits rate is the highest its been since 2001. Many news outlets reported the good economic news, but not ABC and NBC news programming according to a Nexis search from July 4-15. (During that time other media were focused on the numbers and the May data was released).
A rag-tag bunch of 10 protesters calling for the abolition of ICE received feature-coverage treatment on Telemundo, the same network which did not consider the 164,000 Hispanics entering the labor force in June and record-low Hispanic unemployment sufficiently newsworthy to even be mentioned.
Paid Off is a brand-new TV game show that claims to be “working to end the student debt crisis.” The show’s host even told a liberal magazine Paid Off stands on the shoulders of the Occupy Movement, revealing the game show’s tilt to the left on the issue of student loans.