White House Director of the National Economic Council Larry Kudlow called himself a “happy camper” about the state of the U.S. economy and criticized those making it sound like the country is in recession. “I do want to say and repeat that the U.S. economy is very strong and that’s what the jobs report [shows], and wages are rising,” he told anchor Stuart Varney on Fox Business’ Varney & Company July 15. Kudlow criticized those trying to gloss over the good economic news.
Wall Street experienced another record-setting day July 11, as the Dow Jones Industrial Average closed above 27,000 for the first time ever. But you would know little about that new record if you were watching the three broadcast evening news shows that night. And nothing at all if you watched NBC Nightly News.
On her 9:00 a.m. ET hour show on Thursday, MSNBC anchor Stephanie Ruhle highlighted a recent New York Times article about a study finding that, despite facing economic challenges, southerners in the U.S. still believe strongly in the American dream of lifting oneself out of poverty without major government intervention. The article fretted that such attitudes “could complicate Democratic efforts to frame the 2020 presidential election as a referendum on a broken economic system.”
The left love to complain that recent economic growth has only benefited people at the very top and left the middle class and the poor behind. The Wall Street Journal just found more evidence to the contrary. “The fortunes of low-skilled workers have turned up markedly” amid the longest economic expansion in U.S. history and a near-record low in unemployment, Journal chief economics commentator Greg Ip wrote on July 10.
CNBC editor-at-large John Harwood didn’t just interview 2020 Democratic candidate Beto O’Rourke about the economy July 5. He literally asked questions while eating Mexican food with the candidate. That jovial setting was perfect for the easy and friendly interview Harwood conducted. Harwood often lets his liberal views show on CNBC. CNBC.com described the interview as O’Rourke “filling in the blanks” on his economic plans which included raising taxes.
In a 48-page report out Monday, the non-partisan Congressional Budget Office released their analysis of the Democratic “Raise the Wage Act” to increase the minimum wage to $15 per hour. One of the main takeaways from the report was that almost 4 million jobs (3.7 million) could be eliminated by 2025. Of course, since the liberal media have backed this Democratic Party effort, none of the network evening newscasts (ABC’s World News Tonight, CBS Evening News, and NBC Nightly News) reported the CBO’s findings.
Fans of Netflix's Stranger Things might remember Erica Sinclair, Lucas' little sister who stole the show in season two. She's back in season three and an absolute American hero. Not only does she join the team to save the world from the Russians, she makes sure everyone understands that it's all about capitalism versus communism.
The left have cheered Sen. Elizabeth Warren’s (D-MA) rise in the polls after the Democrat debates. Now they have pronounced her Wall Street’s choice for the 2020 presidential election. Bloomberg reporters Lananh Nguyen and Tyler Pager on July 3 praised Warren for drawing support from a “small but growing circle of senior bankers and hedge fund managers” on Wall Street. They presented Warren as an “acceptable alternative” to left-leaning Wall Streeters, in contrast to the candidates who “trigger their most visceral objections.” Of course, those candidates were President Donald Trump and democratic socialist Sen. Bernie Sanders (I-VT).
The U.S. officially entered its longest economic expansion ever July 1, boasting 121 straight months without a recession beginning in June 2009. This broke the previous record stretching from March 1991 to March 2001. MarketWatch reporter Jeffry Bartash noted that the S&P 500 Index, the Dow Jones Industrial Average, and the Nasdaq Composite Index have all gained by more than 200 percent “since the start of June 2009.” And yet, the three broadcast evening news shows found no reason to celebrate the good economic news.
On the second episode of BBC’s Years and Years, which aired in the United States on HBO July 1, the woes of the Lyons family have become more catastrophic. A year has passed since the nuking of the Chinese island of Hong Sha Do in the final days of the Trump presidency, which has brought about sanctions and trade wars.
There’s nothing liberal politicians love more than increasing the size of government, enacting overbearing regulations, and limiting the choices of consumers. Those policies seemed to be fine with CBS News because Evening News fill-in anchor, David Begnaud spent some time during Monday’s newscast touting blue state and city laws that were ready to take effect.
Fox Business anchor Dagen McDowell happily announced that the U.S. entered a record-setting 10 years of economic expansion July 1. “You have more than 70 percent of people think the economy is good if not great,” she declared. She also mentioned how 70 percent of Americans “like their private health insurance from their employer,” and wondered what “advice” Democrats would use to campaign against the strong economy. “How do you push back on that, given the fact that the economy, as of today, this is the longest economic expansion in history?” she asked.