In just three nights of coverage, ABC, CBS and NBC evening newscasts spent more than 11 minutes talking about the threat of recession and economic worries mostly tied to one economic signal. The main reason for concern was that the yield on a particular short-term versus long-term Treasury bond inverted (generally long-term bonds have higher yields) and spooked investors on Aug. 14. This sent the Dow down by more than 800 points.
Even though some high-profile experts claim the U.S. is not headed for a recession right now, the liberal news media continued to promote economic pessimism during the summer of 2019.
Despite 3.7 percent (near record-low) unemployment, wage gains, confident consumers and growing economy, liberal journalists obsessed over recession every single day of June and July.
Following the horrific mass shootings in El Paso, TX and Dayton, OH, CNBC asked Visa CEO Alfred Kelly about the role of corporations in gun control. Kelly condemned the shootings and called for legislative action on gun control, but defended his company’s processing of gun sales on CNBC’s Squawk Alley August 7. CNBC technology reporter Deirdre Bosa asked him if his views had evolved over the past year. She cited other payment platforms like Apple, whose CEO Tim Cook slammed U.S. lawmakers’ “insanity” on the issue.
So much for the Fight for $15! Sen. Bernie Sanders, (I-VT), campaign created a PR crisis for himself after staff complaints that they were being paid “poverty wages” got leaked to the press.
That hypocrisy might have hurt him politically — if journalists had actually reported it. Although The Washington Post reported that his unionized campaign staff was upset over their pay, the networks and three national newspapers ignored the story. Staff were fighting to get the same $15-an-hour wages Sanders wants federally mandated. But all three network evening news shows as well as The New York Times, USA Today and the Los Angeles Times ignored the story between July 18 and 21, according to Nexis.
Far-left candidate Sen. Elizabeth Warren's (D-MA) latest plan to restructure the economy and regulate Wall Street came with a denouncement of private equity companies as “vampires.” MSNBC Live with Stephanie Ruhle boosted Warren’s so-called “economic patriotism” plan on July 18, but ignored that creepy insult. Nor did they discuss whether private equity firms are actually villains or being misrepresented by Warren. MSNBC anchor Stephanie Ruhle was practically grinning as she announced that Warren, whom she called “the candidate with a plan for everything,” was “out with another one, this time aimed at a very familiar target: Wall Street.”
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).
Bloomberg says “it’s unrealistic to expect the board’s decisions will happen with the speed necessary to police the internet.” In order for the board to be effective, it will have to serve like an appeals court, evaluating decisions that have already been made.
Former Mayor Michael Bloomberg reannounced a $500-million effort to eradicate coal and natural gas use in the U.S. on June 6. ABC, CBS and NBC news didn’t even flinch. That night the three broadcast evening shows made no time for the billionaire media mogul’s massive spending to shut down the rest of the nation’s coal plants by 2030 and start targeting natural gas plants. They also haven’t reported it since, much less scrutinized it even though he’s a high-profile liberal donor, media owner and maybe former politician.
The current economic expansion could “make history” if it lasts through July, but Bloomberg BusinessWeek pooh-poohed its 10th anniversary saying “no one’s partying” in the June 10 issue.
In spite of growing wages, extremely low unemployment and nearly 3 percent economic growth in 2018, the liberal media are becoming obsessed with recession. It didn’t matter that CFOs were confident the U.S. economy “will not experience a recession” in 2019. They were fixated by recession prospects in March anyway.
Every. Single. Day.
What do Bill Gates, Sen. Elizabeth Warren and Sen. Bernie Sanders have in common? They all want the rich to pay higher taxes. Bloomberg News appears to be on board with their goal.
“Gates is saying what the Democratic candidates appear to be thinking: Go for the capital gains rate,” claimed Bloomberg reporter Lynnley Browning on March 12. The story downplayed the dramatic tax proposals of both presidential candidates and turned to liberal tax experts promoting tax hikes. It also failed to include any conservative economists arguing against tax hikes.
Former Mayor Michael Bloomberg won’t be running for president in 2020, but the billionaire media mogul has vowed to continue trying to eradicate the coal industry. He’s also promised to target oil and gas.
Left-wing Think Progress called that admission the “bombshell the media missed.” ABC, CBS and NBC barely noticed it. In the midst of Bloomberg’s announcement not to run for the highest office, he promised a “new, even more ambitious phase” of his anti-coal campaign.