With one week to the midterm elections, the Conference Board released its latest survey of consumers showing their confidence soared to an 18-year high and also found high expectations for early 2019. This might well surprise many news consumers given how little effort the media have spent reporting on the good economy.
Federal Reserve chairman Jerome Powell expressed optimism about the “extraordinary times” for the U.S. economy right now at an event with business economists on Oct. 2.
Powell said, “The economy is strong, unemployment is near 50-year lows, and inflation is roughly at our 2 percent objective, and the baseline outlook of many forecasters in and outside the Fed is for more of the same.”
Well. This has been an interesting media week, yes? The liberal “mainstream” media just exploded on Judge Brett Kavanaugh and his nomination to be a Supreme Court Justice. But there’s something very curious here. Take the case of liberal Democratic Senator from Ohio Sherrod Brown.
Authoritarian governments are known for having a boot on the neck of freedom. CNBC’s on air editor Rick Santelli said the Obama administration had a "boot on business." Santelli was rumbling with former Obama official and Brookings Institution economist Aaron Klein over taxes, spending and whether the Obama administration enacted “pro-growth” economic reforms.
Despite the recent hype in the mainstream media about teens supposedly hacking state election systems, CNBC tossed cold water on that fake news with a reality check with a ProPublica article. It turns out the students were coached on what to do in look-alike sites that differed from the actual state election sites.
Far-left Democratic Sen. Elizabeth Warren has a new plan to regulate the largest businesses and some in the media helped promote it. She published a Wall Street Journal op-ed about her new legislation, the “Accountable Capitalism Act,” on Aug. 14. The very next day, Mad Money host Jim Cramer interviewed Warren about her “Novel way to reward the stakeholders of the enterprise.” He also called the op-ed “incredibly provocative.”
As several major state primary elections closed last night, with results that bucked the liberal media’s anti-Trump narrative, several journalists still clung in desperation to their hope that despite the GOP wins, they would lose to Democrats in the midterms this Fall.
CNBC’s Squawk on the Street and Bloomberg.com viewed the latest U.S. GDP report as good news for the Trump administration. The 4.1 percent second-quarter GDP estimate announced July 27, was the best quarterly pace in almost four years. Bloomberg.com called it a “Win for Trump” that same day.
The government's Friday June jobs report showed that the economy gained 213,000 seasonally adjusted payroll jobs, while the nation's unemployment rate increased from 3.8 percent to 4.0 percent, primarily because 601,000 more Americans were in the labor force. Despite the increase in overall joblessness, the rate among Hispanics fell to 4.6 percent, its lowest level in the over 45 years of that statistic's history. Unlike in recent months, during which print and online establishment press outlets have mostly recognized record lows seen in black/African-American unemployment, the press has been very quiet about June's record Hispanic low. This has been particularly true at most of its perceived gatekeepers.
Last month, 213,000 new jobs were added to the U.S. economy — more than expected by analysts. Jobs figures from the previous two months were also revised up by a total of 37,000 jobs. This good news about job gains and increased participation in the labor market drew praise from CNBC’s panelists on July 6, even from former Obama administration economist Jared Bernstein.
An investment conference isn’t the typical place to hear climate change complaints and attacks on capitalism, but that’s exactly what attendees heard at the Morningstar Investment Conference in Chicago on June 12. Investor Jeremy Grantham, co-founder of $70 billion global asset management firm, Grantham Mayor Van Otterloo (GMO), blamed capitalism for threatening the planet, according to CNBC.
In light of the #MeToo sexual harassment movement that swept the nation this past year, more politicians and media types are facing scrutiny they may never have faced or at least haven’t faced in years. Take former President Bill Clinton, for example, who was pressed on his treatment of Monica Lewinsky after their affair, on NBC’s Today show Monday.