Having put all their resources into the failed Russian Collusion Myth, the media had to quickly pivot to their rock-ribbed standby, the well rehearsed traditional racism charge they now push 24/7. But in between yelling RACISM they're ramping up a second front, one democrats welcome the media help push - create fear in the stock market and consumers and hope it creates a self-fulfilling prophecy of downturn in the economy.
Why wouldn’t they try and convince investors to fear a collapse in the market and therefore reduce the risk they would take in that market? We’ve heard them base their assessment in this most recent claim the economy is heading into a recession by looking at the inverted bond yield, which of course is a big scary economic word that could easily be used to plead toward the ignorance of voters, because for the most part nobody knows what the hell that means. What the average American hears is your job is in jeopardy, and we are all going to hell in a hand basket because TRUMP!
The media consistently uses the ignorance of their audience as a weapon as we have all witnessed for over two years, and now take a cherry picked data point and a group of willing “experts” to spread doom and gloom and potentially create fear in the market, even when it’s not warranted. You know, some of the same people who told us 2% GDP was the “new normal”.
Let’s not forget that New York Times Exalted Economist, Nobel prize winner and Two Time "DMF ASSHAT OF THE YEAR" Award Winner Paul Krugman, claimed the economy was going into recession in a piece he wrote the day after Trump was elected. The Democrats and their media sycophants need the market to falter. With the large group of economic dunces they’ve fielded for 2020, none have presented anything even resembling a coherent policy aside from "Donald Trump is the devil and if you don’t vote for me all your children will die". So a poor economy is their best bet for winning the election and they will do whatever it takes to win regardless of whose lives they disrupt or destroy.
As little refresher, here are just a few examples I pulled up of the times the Democrat media claimed we were heading into a recession:
MSNBC December 2017: GOP tax bill could trigger a 'recession': Rep. Tim Ryan: http://on.msnbc.com/2jTQiiD
Washington Post May 2017: Chance of a recession by 2022 is 70 percent, according to this major investment firm http://wapo.st/2rFZ5eh
Washington Post January 2018:
Opinion: The Trump Recession is coming: Democrats score their wins when Republican presidents stumble into late-term economic woes. http://wapo.st/2F9kBvM
Washington Post January 2018:
"The risks of a recession are rising — and Trump might be to blame" https://wapo.st/2FFx3FY via @postopinions
CNN August 2018:
Housing and rates are worrying some economists that a recession is looming. "We're not there yet, but this is what led us to the housing crash," one economist said https://cnn.it/2KjFhT6
MSNBC
December 2018:
Nobel Prize-winning economist Robert Shiller tells @AliVelshi that the economy may be due for a recession https://on.msnbc.com/2RFpJNI
It is prudent to ask with this information why we should believe the media and their “experts” who have been claiming a recession will coming any minute since Trump was elected. No reasonable person can look at this and not conclude that the media has tried to create fear rather report prosperity. I think at this point it’s quite obvious that the democrats are now attempting to dream a recession into existence..........And All Y'all RAYSSIST!
[WSJ]
[VGBA]
Economist Stephen Moore writes in his column at IBD that blue states of America are in a depression. He didn't mean the collective funk of Hillary fans because they lost the election to Donald Trump. He's talking about an economic malaise in the blue states that went for Hillary Clinton. Moore called them the “loser states.” They're all “progressive.” They have high tax rates, high welfare payments, heavy regulation, environmental “extremism” and very high minimum wages. Most of them have laws against drilling for oil or any kind of fossil fuels.
Of the ten states that Democrats won by the largest margins, California, Massachusetts, Vermont, Hawaii, Maryland, New York, Illinois, Rhode Island, New Jersey and Connecticut, all lost domestic migration (excluding immigration) between 2004 and 2014. Nearly 2.75 million more Americans left California and New York than migrated to those states.
“The whole left-wing playbook is on display in the Clinton states, and people are leaving in droves. Day after day, they are being bled to death. So much for liberalism creating a worker’s paradise.”
Looking at the ten states that had the largest percentage vote for Trump, Moore says eight of them – Wyoming, West Virginia, Oklahoma, North Dakota, Kentucky, Tennessee, South Dakota and Idaho – had population gains.
"This is part and parcel of one of the greatest internal migration waves in American history, as blue states, especially in the Northeast, are getting clobbered by their low-tax, smaller-government rivals in the South and the mountain regions.
The job gains in the “Red States” that Trump won by the widest margins has twice the job creation of the “Blue States” that Hillary won big in.
It's easy to understand why people might want to leave gray and rusting New York. But California? California has, arguably, the most beautiful weather, mountains and beaches in the country, and yet people keep fleeing the state that is supposed to be a progressive utopia. What doesn't make California and New York paradise is the high cost of living — thanks to expensive environmental regulations, forced union policies and income tax rates that are the highest in the nation, at 13% or more.
Florida and Texas are right-to-work states with no income tax. Is it really a shocker that people would choose zero income tax over 13%? New York politicians know that their record-high tax rates are killing growth, which is why the state is spending millions of dollars on TV ads across the country trying to convince people that New York has low taxes. Sure. And Chicago is crime-free.
Even when it comes to income inequality, blue states fare worse than red states. According to a 2016 report by the Economic Policy Institute, three of the states with the largest gaps between rich and poor are those progressive icons New York, Connecticut and Massachusetts." -
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What is the lesson? In our ecomonic system, taxing your population at high rates doesn't work. It results in slower growth and only benefits the rich and politically well-connected at the expense of everyone else.
Thank You MJA for the Linkage
