Wages & Prices
On Monday, Rep. Alexandria Ocasio-Cortez, (D-N.Y.), sat for a discussion with author Ta-Nehisi Coates. She dropped a number of shocking statements -- statements that elicited nothing but murmurs of agreement from Coates. AOC claimed: “No one ever makes a billion dollars. You take a billion dollars.” How, pray tell, are American billionaires responsible for such massive theft? According to AOC, the very mechanisms of capitalism mandate such theft.
A new Media Research Center analysis found that the three major network evening newscasts only gave President Donald Trump’s booming economy and U.S. trade nine minutes of coverage since the House Democrats’ impeachment push began on September 24, 2019.
Liberal billionaire and 2020 Democratic Party presidential candidate Michael Bloomberg has no problem imposing big-government policies on the economy. Yet Yahoo! Finance decided to pull its punches in its reporting by barely critiquing Bloomberg’s left-wing plan.
Not only is the economy doing well, but people's perceptions about the economy are also positive. On Thursday's MSNBC Live, host Stephanie Ruhle declared that such positive economic indicators "should concern Democrats looking ahead to November" because voters are giving President Trump credit for them.
Thursday was the U.S. stock market’s first day of trading for the 2020 election year and as Fox News Channel anchor Bret Baier said on Special Report, “stock markets picked up the new year where they left off in 2019” by setting new record highs, yet again. It was a great way to kick off the new year but as they’ve done with much of the positive economic news since President Trump took office, the broadcast networks (ABC, CBS, and NBC) completely ignored it during their evening newscasts.
It can be useful and instructive to observe the turning of a decade by looking back on what life was like in America a mere 100 years ago. On Jan. 2, 1920, the Dow Jones Industrial Average was 108.76. Today it is over 28,000 points. In 1920, the U.S. had become an economic power, which is remarkable considering the bloody “war to end all wars” that ended just two years earlier. Republican presidents shifted their attention from foreign entanglements to economic growth (sound familiar?).
With all the traditional economic indicators looking strong heading into an election year the conventional wisdom would hold that this is good news for the incumbent. But since the incumbent is a Republican, MSNBC Live host Ali Velshi and CNBC's John Harwood declared on Friday that all is not well and implied that the current economic situation could give credence to Democratic policy priorities and help Democratic presidential candidates who are dramatically to the left.
It must be difficult for CNN to admit President Donald Trump’s economy is remarkable after their obsession over his impeachment. Their latest poll shows a stunning result even the liberal outlet felt compelled to concede. CNN reported on Dec. 20 that as the year 2019 closes, “the US economy earn[ed] its highest ratings in almost two decades” [emphasis added]. This, according to CNN, potentially boosts “President Donald Trump in matchups against the Democrats vying to face him in next year's election, according to a new CNN poll conducted by SSRS.”
Apologies to Elton John, but in Washington and throughout so much of the country, can you feel the hate tonight? House Speaker Nancy Pelosi was asked by reporter James Rosen if she hates President Trump. She responded with an “if looks could kill ” fire in her eyes and denounced Rosen for his question while claiming she doesn't hate Trump. Former Vice President Joe Biden verbally attacked and challenged an 83-year-old man in Iowa to a push-up contest at a gathering of Democrats.
While the liberal media continue their ongoing impeachment obsession, and with Speaker of the House Nancy Pelosi (D-CA) directing her chairmen to draft articles of impeachment, the jobs market and stock market continue to steamroll along. “Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today,” according to a Dec. 6 United States Bureau of Labor Statistics News Release.
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.”
On Tuesday afternoon's MSNBC Live, host Katy Tur surprisingly pressed Bernie Sanders's campaign manager from the right several times as she discussed economic policy with Faiz Shakir. As she brought up arguments that the candidate's plans to tax businesses and redistribute income would drive businesses to move to other countries, the MSNBC host either seemed like she's either finally decided to insert both sides of the issues into her show, or perhaps she's just secretly cheering for Elizabeth Warren or Joe Biden because they are perceived as more electable that Sanders.