The Federal Reserve and the Conference Board both issued positive progress reports about the U.S. economy last week. Neither got a peep from the broadcast networks on those days. In fact, on April 18 and 19, the evening news broadcasts on ABC, CBS and NBC included just one economic story — and it wasn’t about either of those positive economic updates
Even though the U.S. economy grew at a 2.9 percent pace in the final quarter of 2017, some in the liberal press have already begun to anticipate a recession — at the worst, possible time for President Donald Trump.
In Friday’s New York Times, Deborah Solomon and Kitty Bennett mocked President Trump’s new chief economic adviser Larry Kudlow, the conservative economist who will be the next director of the National Economic Council. There was yet another insulting NYT headline: “A TV Commentator Becomes a Presidential Adviser: Go to the Videotape.” The online headline was more blunt: “6 of Larry Kudlow’s Not-So-on-the-Money Predictions.” But what other economist (one who regularly writes for the NYT) has a flawed forecasting record?
In one of the more brazen and fraudulent "fact checks" one will ever see, The Washington Post's Nicole Lewis told readers on Tuesday that Vice President Mike Pence's absolutely true mid-November statement that "There are more Americans working today than ever before in American history" deserved "Three Pinocchios," and that the audience which applauded this statement should be ashamed of themselves. The bogus nature of Lewis's "fact check" is only exceeded by the seething anger which virtually drips down readers' screens.
Appearing as a guest on Friday's New Day on CNN a year after Fidel Castro's death to promote his film about Castro's Cuba, filmmaker Jon Alpert blamed the United States for the economic failures of communism on the island country as he charged that the U.S. ruined the Cuban economy by flooding the sugar market in the 1970s.
The Democratic Party can always count on CNN New Day co-host Chris Cuomo to push their talking points for them. On Wednesday, Cuomo spewed nonsense about President Trump's support for reforming Dodd-Frank, the "Consumer Protection Agency," and the EPA's Waters of the United States rule.
On Thursday, an Investor's Business Daily editorial cited a long list of news outlets which have recently covered the calamitous events in Venezuela, but which, in IBD's words, "continue to obfuscate, if not totally ignore" the fact that the country's implosion can be laid at the feet of one simple cause: "Socialism." One particularly appalling example exemplifying the paper's complaint came Saturday morning from NBC News.
After giving President Ronald Reagan a subtle nod this earlier week, ABC decided to more directly address his presidency two days later on their hit comedy Last Man Standing.
On Tuesday morning's MSNBC Live, Louise Mensch, though she claims to be a conservative, put forth what I suspect will be the left's core economic argument if the economy improves under Donald Trump. That argument: The economy is "fantastic" already, and Trump will have had nothing to do with whatever economic improvements over what is already "fantastic" we might see.
Here’s a story that you can’t make up, folks. In an attempt to fact-check President-elect Donald Trump on his claim of Sprint bringing jobs back to the United States, Wednesday’s The Last Word turned to none other than ObamaCare architect and deception artist Jonathan Gruber for two segments to inform MSNBC viewers where Trump went wrong and struggled with facts.
Readers who have spent any time reading economic dispatches from the establishment press since the presidential election have likely noticed that its business journalists have taken to praising the alleged wonders of the economy President Barack Obama is passing on to President-Elect Donald Trump. Current reality renders the praise completely undeserved, but of course that's not stopping them from engaging in it.
The Associated Press's coverage of the U.S. economy is undergoing its own presidential transition. One might expect a bit of chaos as the AP moves from frequently and inordinately praising and defending the historically awful economy we've seen during the past eight years under a Democratic administration to eventually downplaying and bashing it at every opportunity once a Republican takes over. The best example of that chaos is found in its claim (with "expert" help, of course) that the economy grew as fast as it realistically could during the Obama administration, while unwisely laying down an unmistakable marker that it can't and therefore won't grow any faster during Donald Trump's presidency.