Even though some high-profile experts claim the U.S. is not headed for a recession right now, the liberal news media continued to promote economic pessimism during the summer of 2019.
Despite 3.7 percent (near record-low) unemployment, wage gains, confident consumers and growing economy, liberal journalists obsessed over recession every single day of June and July.
Here's what President Donald Trump tweeted about Baltimore's congressman and his city: “Rep. Elijah Cummings has been a brutal bully, shouting and screaming at the great men & women of Border Patrol about conditions at the Southern Border, when actually his Baltimore district is far worse and more dangerous. His district is considered the worst in the USA.”
Left-wing economist and columnist Paul Krugman attacked President Donald Trump’s tax cuts as “the biggest giveaway to other nations since the Marshall Plan” in his New York Times column July 25. He criticized Trump’s “hidden” program for sending about $40 billion a year to “wealthy foreign investors.” Forbes contributor and freelance journalist Simon Constable, who has written for many financial publications, wasn’t having any of it. He chided Krugman for getting hold of “the wrong stick entirely” regarding Trump’s corporate tax cuts.
For everybody enjoying Vox Media and Bernie Sanders Campaign union workers revolting over their liberal overlords’ hypocrisy, here’s a new one for you: The pro-abortion site Rewire.News is getting hit from the left for laying off union members.
CNN host Anderson Cooper pressed Warren on what her ideas would cost people, particularly union workers, who liked their health insurance. Meanwhile, MSNBC host Chris Matthews absolutely grilled the Senator about how much taxes would need to go up to pay for it all and her refusal to answer the question.
Some media outlets pounced on economic growth in the second quarter because it was slower than the first quarter, but a MarketWatch columnist called it a “head fake” and not an indication of a “slump.” Columnist Rex Nutting wrote, “Contrary to what you may read elsewhere, the U.S. economy did not slump in the second quarter of the year.” Growth was a “soft” 2.1 percent after a first quarter rate of 3.1 percent, but in his view not as bad as some represented it to be.
Democratic presidential candidate and New York City Mayor Bill de Blasio (D-NY) proclaimed his support for the “working people” of America, and unveiled his “Workers’ Bill of Rights” July 23. On July 24, the Fox Business Network's Bulls & Bears host David Asman consulted former Small Business Administrator Hector Barreto and others to find out how small businesses would fare under what Asman called de Blasio’s “socialist push against businesses.”
The Founders of the United States of America warned against massive federal debt, but, to our detriment, their political descendants are not paying attention. The Founders speak to us from their graves to condemn and warn of the consequences now that President Trump and Congress have come to an agreement about lifting the meaningless “debt ceiling” and increasing already massive federal spending and the debt, which is at $22 trillion and growing rapidly.
Let's think about priorities. Say that you live in one of the dangerous high crime and poor schooling neighborhoods of cities like Chicago, Baltimore, Detroit, or St. Louis. Which is most important to you: doing something about public safety and raising the quality of education or, as most black politicians do, focusing energies upon President Donald Trump and who among the 20 presidential contenders will lead the Democratic Party? The average American has no inkling about the horrible conditions in which many blacks live. Moreover, they wouldn't begin to tolerate living under those conditions themselves.
Liberal presidential candidate Sen. Elizabeth Warren (D-MA) envisioned an economic crash just around the corner, and the far-left hosts of The Young Turks could not contain their excitement. It seems Warren and The Young Turks share the same delusion about the state of the current economy being awful. Young Turks co-host Ana Kasparian began by applauding Warren for “finally sounding alarms on what the reality is of our economic situation.” She accused the media of regurgitating “talking points about how the economy is doing so well” and claimed with just “a little bit deeper dive you’ll find that the economy is not doing well.”
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) offered a “dark prediction” of economic crisis and the liberal media immediately helped her sell those fears. Warren wrote of “The Coming Economic Crash and How to Stop It” on Medium on July 22. In it, she claimed “top economists” warned if the debt ceiling is breached there could be a “catastrophe” worse than 2008’s Lehman Brothers failure. That morning, CNN Newsroom With Poppy Harlow and Jim Sciutto discussed Warren’s prediction on her terms, rather than pushing back hard on such a dramatic claim.
The New York Times will go to great lengths to whitewash international Communism, either by leaving out atrocities committed in its name or by demonizing America’s side of the Cold War. The latter strand was in evidence on the front page of Sunday’s New York Times in international trade and economics reporter Ana Swanson’s “Red Scare Grows in Washington, Now With China as Boogeyman," which reduced America's Cold War strategizing to a "paranoid...Red Scare."