Posted on 08/02/2025 7:52:04 AM PDT by texas booster
At the start of August, the economic numbers tell a surprisingly strong story despite every prediction to the contrary. GDP is up, inflation is holding steady, unemployment remains low, and for the first time in years, the federal government actually ran a surplus in May.
So why are media outlets still talking down the economy? And why is Chairman of the Federal Reserve Jerome Powell refusing to cut interest rates, despite earlier recession warnings that never materialized? Victor Davis Hanson breaks it all down on today’s episode of “Victor Davis Hanson: In His Own Words.”
“Remember that The Wall Street Journal, New York Times, Washington Post, and our main media organs all told us in May when Donald Trump was talking about art of the deal tariffs, … we were going to have high inflation, stagflation, bad job growth, static GDP, and a trade war along with a Wall Street collapse, basically a recession. Well, wall Street stock prices are at historical highs. Every one of those predictions was wrong.
(Excerpt) Read more at youtube.com ...
(0:00) Economic Health
(0:54) Current Economic Indicators
(2:14) Reactions to Economic Data
(3:17)Interest Rates and Federal Reserve
(6:07) Trump's Economic Strategies
(8:00) Final Thoughts
A 9 minute video from Prof Hanson discussing the intransigence of Jerome Powell, and the reasons why a rate Decrease should be on the horizon, About 9 trillion is debt from the Biden administration needs to refinance this year. Yeah, this is important.
FR Index of his articles: Victor Davis Hanson on FR
Town Hall: Victor Davis Hanson on Town Hall
American Greatness: Victor Davis Hanson on American Greatness
His website: Victor Davis Hanson The Sword of Perseus
One of his sponsors' website: The Daily Signal
Please let me know if you want on or off this new VDH ping list.
As a reminder, Professor Hanson has asked that we do not post the full article of his writings. Thank you for following the link to finish his article.
Content created by the Center for American Greatness, Inc. is available without charge to any eligible news publisher that can provide a significant audience.
“why is Chairman of the Federal Reserve Jerome Powell refusing to cut interest rates”
I thought the FOMC did that, not the fed chair alone?
simple ....
ORANGE MAN BAD
The BLS has been playing loose and fast with numbers in order to give Powel a false wall to hide behind.(was there collusion)
That's gone now.
With the current revisions it is obvious that the whole BLS needs to be flushed.
Trump is taking action on that now.
And with an open spot on the Feds board, I think we may see some changes.
Don't get me wrong, I think the economy is strong...
but we are not seeing job growth but rather a shift from gov jobs and foreigners to private jobs and Americans working.
A rate cut would help drive the Trump train forward and that's the last thing Powel wants.
Because the left wants Trump gone so bad they’ll do anything to lie to us and try to turn us against him.
They hate him so much that they simply CANNOT bring themselves to admit that Trump is actually doing ANYTHING good.
Have you seen them admit to one good thing that President Trump has done?
What an existence, being so consumed with hate. It’s almost enough to make you want to feel sorry for them.....
But nope, not getting it yet. They chose that path. They can reap its rewards.
Yes, but the FOMC is comprised mostly of Powell followers.
I don’t see them going against Powell, and for Trump.
Why do we even bother with government statistics if they are always wrong?
Only because politicians want it.
Save the money and shut the whole place down.
Stage five TDS.
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