As the fear of the Wuhan Coronavirus drove the market downturn, MRC Latino analyzed the economic coverage for the four most viewed Spanish News networks in the US (Noticiero Univision, Noticiero Telemundo, CNN en Espanol, and Noticiero Estrella TV) from February 25 through March 24, 2020.
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:
A friend tweeted from Ireland (in time for St. Patrick's Day), blaming President Trump for the major decline in the value of stocks. This same friend credited Barack Obama's economic policies when the Dow Jones Industrial Averages approached 30,000. This -- and more -- is part of our political, economic and medical divide with mixed messages coming from supposed professionals, amateurs and people who don't know what they are talking about.
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.”
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.”
On Friday morning, the Bureau of Labor Statistics reported the economy gained 273,000 jobs in February, well above economist predictions, and the unemployment rate fell from 3.6 percent to 3.5 percent. Wage growth ticked up slightly to 3 percent for the year. But Friday night's newscasts either skipped this news (NBC) or downplayed it as stocks continued to decline (ABC, CBS, PBS).
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.
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.”
Monday was the single largest rally in the history of the U.S. stock market, with the Dow closing out the day up 1,293.96, or over five percent. The Wall Street bounce back came after a week of historic drops due to the effects of the coronavirus (COVID-19) on the global market. Despite the stunning rebound, CBS Evening News wasn’t interested and instead chose to discuss how President Trump was still holding a campaign rally while the virus was spreading. Yet, they didn’t wag a finger at Democratic rallies.
The self-proclaimed “facts first” outlet had apparently given that up for more a facts a la carte approach. According to CNN Inside Politics host John King, one didn’t need to believe the fact that President Trump was describing the Democratic and media fearmongering of his administration’s handling of the coronavirus (COVID-19) as a “hoax;” “you can read this how you wish” and believe he said it about the virus.
The left is so deranged, so unhinged and so obsessed with hating President Trump, that they are actually making him the face of coronavirus in order to spread fear. New York Times columnist Gail Collins wrote “If you’re feeling awful, you know who to blame.” Wow and there it is. If the left were able to write their own account of Exodus’s “Ten Plagues,” Trump would be one of them.