This week, Paul Krugman of The New York Times posited a theory: Red states cause depression and suicide. In a column titled “America's Red State Death Trip,” Krugman wrote: “In 1990, today's red and blue states had almost the same life expectancy. Since then, however, life expectancy in Clinton states has risen more or less in line with other advanced countries, compared with almost no gain in Trump country. At this point, blue-state residents can expect to live more than four years longer than their red-state counterparts.”
Just how unknowledgeable about the economy is Joy Reid? So much so that it drove even the liberal Ron Insana . . . insane, obliging him to correct her misstatements.
Towards the end of an otherwise friendly interview at Univision, DNC Chair Tom Perez was blindsided by a question for which he offered no real answer. Watch Perez scoff as Univision anchor Patricia Janiot, filling in for Jorge Ramos on Sunday political affairs show Al Punto, asks point-blank whether the Democrats can compete with the Trump Administration’s record on Hispanic employment:
On Friday, there was another positive report on unemployment in America. While the unemployment rate rose a tick to 3.6 percent, the unemployment rate for African Americans nudged down to a record low 5.4 percent. Also, the total employment level jumped to 158.5 million, also a new high. So the network "newscasts" ...skipped it entirely. ABC, CBS, and NBC offered nothing. The networks keep insisting unemployment data isn't "real news." It's somehow fake. PBS gave it 28 seconds.
The nation’s leading Spanish-language network newscasts offered differing versions of the latest jobs report: one positive, the other negative. One network covers the jobs report fairly and objectively. The other, blinded by its anti-Trump animus, tells only half the story and finds a way to spin the report negatively.
The jobs report that came out Friday showed that the unemployment rate dropped to 3.5 percent; the lowest in half a century. Yet, the three evening newscasts on the “alphabet soup” networks decided that this historic occasion merited little to no coverage. NBC Nightly News did not bring up the jobs report at all while the other two newscasts spent a combined 32 seconds on the economy.
In July, Adam Grant, organizational psychologist at Wharton Business School, tweeted: “Agendas aren't driven by problems. They're driven by solutions. Calling out what's wrong without proposing ways to make it right is complaining.” This week, complaining was the order of the day.
Continued good news on unemployment bored the networks on Friday night. As usual, they didn't note the apparent irony that they consider President Trump to be "racist" (or at least issue "racist tweets"), and yet the Labor Department reported black unemployment hit 5.5 percent, well below the previous all-time low of 5.9 percent (and it was never below 7.0 percent pre-Trump). The jobless rate for black women was 4.4 prevent, and the previous low was 4.7 percent. If Obama were still president, the major media would hone in on his good works for blacks. But AP and The New York Times skipped that data point.
Black unemployment reached a record low of 5.5 percent in the month of August. While CNN Tonight host Don Lemon and his panel acknowledged the statistic Friday night, they did their best to downplay it and rejected the notion that President Trump deserved any credit for the strong economy. In addition, Lemon argued that when black voters go to the polls in 2020, they should prioritize the President’s “racist behavior” over the strong economy.
ABC could only devote 14 SECONDS to the latest unemployment news on Friday night. CBS and NBC skipped it entirely. All three networks reported the latest on actress Felicity Huffman's fate in the college-admissions scandal. ABC actually gave that 18 seconds in the promo at the top of the show (and then a two-minute report).
The next recession could bring an economic “revolution,” according to left-wing New York Times tech columnist Farhad Manjoo. He argued that when it arrives it would be “time to go full Elizabeth Warren” because of inequality.
Insisting that “a recession looms,” Manjoo fueled envy against CEOs and the wealthy — the very kind of envy that could spur such a “revolution.” Although he attached Democratic candidate Warren’s name to that kind of “radical” change, spouting off about revolution calls to mind other names like Marx and Lenin.
Yes, it´s true. People over 55 years of age are prospering across the nation. But so are Latinos - and as one Hispanic investment ace tells us, they are not the only ones, much to the chagrin of the liberal Spanish-speaking media that continue to make a case for an ailing economy about to crash and for Donald Trump to be deep-sixed.