The U.S. economy grew so much more than expected in the first quarter that CNBC’s Rick Santelli called it a “whopper” and “really powerful” news on April 26. A day later, the news made the front page of The Washington Post and The New York Times.
The broadcast networks were less enthusiastic. Two out of the three evening news programs skipped the story entirely that night.
Economic growth bested expectations by nearly a percentage point in the first quarter, and “pushes back” against recent recession fears, according to CNBC.
“First look at first quarter GDP and it is a whopper! 3.2 percent.” on-air editor Rick Santelli announced on April 26. “A 3 handle on first quarter. It’s supposed to be the dog of the year in terms of which quarters excel. This is really powerful.”
Saturday marks 20 years since the tragic Columbine school shooting in Littleton, Colorado. Liberal journalists have already begun their retrospectives that included requisite attacks on the NRA and gun owners. The following is a look back at the most biased and ugliest broadsides in the weeks following the April 20, 1999 Columbine shooting:.
The liberal media launched an offensive against both of President Donald Trump’s selections for the Federal Reserve board of governors.
The media have outdone themselves slinging mud at the “controversial” and “unqualified” picks of economics writer and Club for Growth founder Stephen Moore and millionaire businessman, former CEO and former presidential candidate Herman Cain. Cain also served as a director for the Federal Reserve Bank of Kansas City. Directors provide “insight on current and emerging issues” in the business community.
The strong March jobs report “should end” concerns that a recession is “lurking” as one Hill op-ed suggested March 1. The media worried and speculated over recession throughout the entire month of March.
The government released the March jobs report on April 5, showing 196,000 jobs added — more than 20,000 higher than expected. It also showed unemployment holding steady at 3.8 percent.
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.
In the wake of the announcement on Sunday that Robert Mueller “did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia,” many in the news media are visibly upset with the Special Counsel for not being more aggressively anti-Trump. On Monday’s New Day, for example, CNN legal analyst Laura Coates exclaimed that it was “really atrocious” that Mueller refused to make a legal conclusion about whether the President had committed obstruction of justice, while over on NBC’s Today, co-host Savannah Guthrie fretted: “Is that a cop out? Isn’t this his job?”
Three distinct tax-the-rich proposals are being promoted by Democrats in Congress. Rather than provide a balanced look at those proposals and their potential impact, CNBC.com boosted the calls to raise taxes on the wealthy. A 9-minute, 37-second video published Feb. 8, cited the different “tax the rich” proposals of Rep. Alexandria Ocasio-Cortez, D-N.Y., Sen. Elizabeth Warren, D-Mass., and Sen. Bernie Sanders.
Sen. Elizabeth Warren, D-Mass., defended her call for an “ultra-millionaires” annual wealth tax as “how the system is supposed to operate,” and “part of the social contract” of America in a CNBC interview.
Wait, since when did wealth redistribution and punishing the wealthiest by instituting a new tax to take $2.75 trillion away from them for what they’ve accumulated become part of the “social contract” of the U.S.?
Freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., has many policy ambitions, among them she floated the idea of hiking the top tax rate to a whopping 70 percent to pay for a “Green New Deal.”
Although a chorus of media liberals defended and even applauded the socialist’s “soak the rich” suggestion, some high-profile economists opposed it because it would harm the economy. A CNBC reporter also found that even that tax hike wouldn’t come close to paying for a Green New Deal scheme.
The December jobs report crushed expectations on Jan. 4, with 312,000 jobs added, a strong participation rate, wage gains and two months of upward revisions. That was 136,000 jobs more than expected.
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.