Posted on 08/16/2019 6:28:45 AM PDT by EyesOfTX
Today’s Campaign Update (Because The Campaign Never Ends)
Hey, remember that day when we were going to have a huge economic recession because of the inverted yield curves? – You remember that – it was, like, Wednesday, right?
For an entire day, our mainstream “news” media focused on pretty much nothing else. The yield curves had inverted and by golly that meant we were about to have a massive recession!!!!!! Why, it was just around the corner!!!! Or maybe – just maybe, all the fake journalists reported with bated breath – we’re already in it!!!!!! Oh, happy days are here again!
But then, on Thursday, those pesky yield curves de-inverted, Wal-Mart had a fantastic earnings report, and consumer spending – which happens to account for about 2/3rds of the U.S. economy – blasted past projections by the always-wrong “experts”, with growth for July coming in at .7 percent, more than double the estimates of .3 percent.
Suddenly, the Great Inversion Recession of 2019 had come to an end. But what a 24 hours it was! Why, every leftwing journalist in America (which is about 95% of all journalists in America) spent the day in ecstasy. A recession is coming! Every pundit who has spent the last four years claiming every random event is “the beginning of the end for Donald Trump” suddenly felt vindicated. “At last, I’m right!” they all thought, “It only took me 1,223 tries!”
But not, they were all wrong again. The Trump economy just keeps steaming along, doing all those things that leftist journalists feel are terrible, things like creating full-time, good-paying jobs for every class of American, bringing actual manufacturing back to our economy, creating trillions of dollars of wealth for ordinary Americans who the Democrats all want to be lifetime government dependents, and marginalizing the Chinese economy that every Democrat and leftist journalist in America has spent years hoping would ultimately overtake our own, thus relegating America to the second-tier status it, in their warped minds, deserves.
Sorry. No recession. The Great Inversion Recession of August 14, 2019 turned out to be just another diversion by our fake news media, an excuse to avoid doing any real reporting on matters that reflect badly on their Democrat heroes. Call it the Inversion Diversion.
Think of what a sad existence it must be to spend your every waking hour actively hoping to be able to report bad news for your fellow Americans. When Bill Mahr said on his show the other night that he is actively hoping for a recession between now and next November because he thinks that’s the only way President Donald Trump can be defeated in his bid for re-election, he was just expressing the hopes and desires being quietly held by pretty much everyone on the American left.
So what if a recession puts millions of Americans out of work? Why, Elizabeth Warren will gladly create and array new multi-trillion dollar programs with money borrowed from our grandchildren that will be designed to ensure that those millions of Americans become lifetime dependents on government largess, and thus, reliable Democrat voters. And all of those babbling heads you see on CNN and MSNBC every night will be thrilled to death with that result.
That was what Wednesday’s feeding frenzy of joyful “the Great Inversion Recession is Coming!” reporting was all about.
But this morning, all of those millions of Americans were still able to get up and go to work, thanks to the Trump economy.
Too bad, so sad for everyone at CNN, MSNBC and the New York Times, but another great day of WINNING for normal Americans.
That is all.
latest
CNN: We’re Headed for Recession, But the Good News Is It Will Hurt Trump!
https://www.newsbusters.org/blogs/nb/mark-finkelstein/2019/08/15/cnn-yeah-were-recession-good-news-it-will-hurt-trump
six months ago
The US economy is strong. Three signs it won’t last
https://www.cnn.com/2018/11/27/economy/economic-risk-factors/index.html
twelve months ago
How a trade war could turn into a recession
https://money.cnn.com/2018/06/26/news/economy/trade-war-recession-bank-of-america/index.html
eighteen months ago
The economy is doing great. Here’s what could derail it
https://money.cnn.com/2018/01/17/news/economy/next-recession-economy/index.html
The problem with "experts" is they all have an agenda and its not to promote truth or awareness of facts.
When that great economist, Bill Mahrer, wished for a recession on his boring late night show, it got the air-head Leftists excited at the prospect of crashing Pres. Trump’s great economy. Cue the scribblers at the Washington Compost, the NY Slimes, and the Never Trumpers at the Wall St. Urinal who all jumped on the Democrat band wagon to promote a recession in the Wednesday papers and business shows.
And then yesterday,WALMART rolled in with their boffo second quarter numbers showing profits everywhere and blew that recession band wagon right off the tracks.
Nice try, losers.
Many of us actually do not have an agenda and make suggestions based on known facts and years of experience in our specific fields of work. Maybe you might wish to consider not lumping all of us subject matter experts together.
In the context of the thread it should have been clear that I was referring to the economic prognosticators and talking heads on TV, most of whom talk their book.
You may be the most objective professional out there but in my long experience people in general do tend to harbor their own biases, predilections, worldviews, and self interest.
Not saying its necessarily a bad thing. Its just human nature and you have to recognize it for what it is.
How many of you “subject matter experts” saw the 2008 crash in advance? For eight long years of the Obama recession, we heard nothing but sanguine assurances that we were in a recovery. While the “experts” were seeing their mythical “green shoots,” we watched our friends and families lose their jobs and then their homes.
We no longer believe “experts” with agendas.
Amen, brother. People all around me were unable to find jobs for months, years even, all while the talking heads on TV were talking about what a great five years it had been for job creation thanks to Holy Obama.
Ummm ... My point was that I am a subject matter expert but not in the field of economics. I base my opinions on fact and experience and feel lumping me in with people who manipulate things is unfair. That is all.
The worst topic where the media knows the least about is always finance, the markets, ect… Hell, a whole network was dedicated to talking heads basically acting as distributors for Wall Street - CNBC. The dumber sister, if that were possible, of MSNBC.
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