Fake News Alert: Democrats & Media Pushing Phony Recession Scare
S E E D E D C O N T E N T
The fake news media is acutely aware that President Donald J. Trump’s America First economic policies have been a historic success. Unemployment continues to be at or near record lows, the U.S. has regained its status as the number one economy in the world, and business is booming.
As sad and, perhaps, pathetic as it might sound, Democrats have a recession on the top of their wishlist. An economic downturn would diminish the quality of life of low-income families and put people back on welfare after regaining their independence.
“So yes, a recession would be very worth getting rid of Donald Trump and these kinds of policies,” HBO host of ‘Real Time’ Bill Maher reportedly said. “A recession would definitely knock him out of office.”
Liberal elites care nothing for the diminished opportunities of working people, as long as they can regain power and put one of their own back in the White House. The bad news for the left — and good news for hard-working Americans — is that the Trump economy shows no signs of slowing. That’s why the fake news media has concocted yet another hoax — a phony recession.
“Many a Wall Street trader could’ve used a stiff drink about then because the bond market was flashing concerns about a possible recession, with the ‘yield curve’ inverting to its lowest levels since 2007,” CBS News reported after the DOW Jones took an 800-point one-day tumble.
“The inversion, a classic recession warning signal, comes amid rising tensions due to the U.S. trade war with China and a global economic slowdown.”
The fake news media failed to point out that when the DOW Jones stumbled to a reported 25,579, that figure was similar to its measure in August 2019.
The widespread cries that the sky was falling reverberated through the fake news media all united in blaming the president for only the lows of the stock market. Headlines and articles across the left-leaning media went out of their way to create yet another false narrative.
The anti-New York Times went as far as to use the scare headline, “How the Recession of 2020 Could Happen,” and CNN penned hoax “A Global Recession May Be Coming A Lot Sonner than You Think.”
But the radical left-wing Salon may have taken the top honors by blending scare tactics with hate speech in its headline, “Can Trump Lie His Way Out of a Recession? That Actually Might Not Work.” The propaganda is simply beyond journalistic decency, never mind credibility.
These Democrat-aligned outlets were content to avoid facts such as the Trump Administration successfully renegotiated NAFTA to create the new USMCA deal that House Democrats refuse to vote to approve.
They also avoid facts such as China steals hundreds of billions in American intellectual property each year and has been deemed a currency manipulator.
Another fact that has gone grossly underreported that for all the phony “recession” scare reporting, the DOW Jones bounced right back and soared above the previous day’s level.
The president pointed out that the fake news media is manufacturing a phony crisis and “doing everything they can to crash the economy” in an effort to meddle in the 2020 election.
“We’re doing tremendously well. Our consumers are rich. I gave a tremendous tax cut, and they’re loaded up with money,” Pres. Trump reportedly said.
White House advisor Kellyanne Conway had harsh words for the biased, fake news media who choose to create economic scares but avoid talking about the robust gains the nation has made under the current administration.
“It’s nice to see the media finally cover the Trump economy. You seem to cover it only when you can use the Sesame Street word of the day: recession,” Conway reportedly said. “The fact is, the fundamentals of our economy are very strong, and you know it.”
It’s undoubtedly true that Conway’s job is to spar with the anti-Trump media on occasion, and she is not necessarily an expert on economic matters. However, experts within the administration who have succeeded in managing the economy on a day-to-day basis are brimming with confidence.
“I think we’re in pretty good shape, and I want to just say, you know, we should not be afraid of optimism. I don’t know what it is. Everybody wants to talk about pessimism, recession,” White House economic adviser Larry Kudlow reportedly said. “There’s no recession on the horizon.”
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...So why are we hearing it? Several reasons:
Are Democrats miscalculating by trying to talk the economy into a recession?
First, the Democrat/media complex can’t believe Trump’s policies are actually working, and is on the lookout for anything it can find that might prove the whole thing is a massive fraud.
Second, they always do this when a Republican is president and the economy is strong. It’s as hard-wired into them as breathing is for most of us.
Third, there’s an election next year, and if the economy remains strong, Trump will be hard to beat no matter what the early polls are saying. If they can’t talk the economy into a recession, they will darn well try to convince the public that one is on the way and that Trump is at fault.
But how foolish are they going to look if they keep beating this drum month after month after painstaking month, and the economy just keeps growing? That’s the risk you take when you cry wolf like this. The economy is going to slow down at some point because cycles are inevitable. But trying to sell this to the public now when there’s no evidence it’s coming just might come back to bite Democrats and their media cheerleaders in the butt when people are getting ready to vote 15 months from now.
At least the rest of us won’t suffer from the recession they’re trying to create.... https://www.westernjournal.com/hermancain/strong-retail-earnings-deal-serious-blow-imminent-recession-narrative/
Yeah, and the "I'm like a really smart guy," guy is fake too.
Face it CH4P, the only accomplishment Donald J. Trump has ( accomplished ) is his uncanny ability to blow through other people's money and remain standing.
"White House advisor Kellyanne Conway had harsh words for the biased, fake news media who choose to create economic scares but avoid talking about the robust gains the nation has made under the current administration.
“It’s nice to see the media finally cover the Trump economy. You seem to cover it only when you can use the Sesame Street word of the day: recession,” Conway reportedly said. “The fact is, the fundamentals of our economy are very strong, and you know it.”
It’s undoubtedly true that Conway’s job is to spar with the anti-Trump media on occasion, and she is not necessarily an expert on economic matters. However, experts within the administration who have succeeded in managing the economy on a day-to-day basis are brimming with confidence.
“I think we’re in pretty good shape, and I want to just say, you know, we should not be afraid of optimism. I don’t know what it is. Everybody wants to talk about pessimism, recession,” White House economic adviser Larry Kudlow reportedly said. “There’s no recession on the horizon.”"
Nov 17, 2008 - "The fundamentals of the economy are strong." Senator McCain
“The fact is, the fundamentals of our economy are very strong," Kellyanne Conway
Not after McCain said the same thing in '08. The comment was then and is now beyond stupid.
Your point ?
Maybe she might win a Nobel Prize for being alive like Obama did.
Bill Maher is a showman. He holds no position in any party.
If you choose to give great credit to his opinions, that's your problem.
He is only one of the democrat party aligned voices calling for a recession for political gain for the secular progressive left.
So... give us some others. Try to give us some actual Democrats, office holders or party managers, rather that TV/radio personalities.
Bill Maher is not a Democrat:
it is actually very simple.
Axiom # 1
go with the exact opposite and you will be right more often than not.
Ah!
I understand now...
For years, I have asked our conservative members to spell out their policy ideas. The response has been total silence. In the meantime, those same conservative members post multiple articles every day... about their adversaries.
Are they trying to apply your Axiom # ?
I doubt that very seriously.
in the past I have answered every question in full.
and now I will give you a hint for our future discussions.
as you have blocked my comments on your pages? you can simply fuk off.
go back to your safe space and stay there...
thanks
He blocked your comments where? That’s not cool at all. It is the progressive way.
which is why they always lose in the end.
Exactly.
Iv'e had the same problem with liberals. All I hear is smearing!
cnn and msnbc - fake news
In truth what is being promoted is that the historic indicators forecasting a future recession are aligned improving the chances of one prior to 2020.
No one wants a recession, they are a part of the economic cycle and we are overdue for one at this point.
What's really sad is the belief that bailing out Wall Street will prevent a recession.
Democrats are rooting for a stock market crash. And if Democrats get the crash they want, what are Democrats going to do about it?
Like who?
Well, it's difficult to link to quotes since the Democratic candidates aren't in the news. And there isn't any point in spending the day on Google trying to prove a point to someone that won't listen anyway.
Elizabeth Warren says the ‘warning lights are flashing’ for the next economic crash
The conventional wisdom is that the stock market will crash if a Democrat wins the White House. That behooves Democrats to adopt a narrative blaming Trump before the election so they can blame Trump after the election.
But that still doesn't answer the question: what will Democrats do about it? Consumer spending on imports doesn't contribute to increasing GDP; the Obama recovery proved that. And a stock market rebound doesn't contribute to increasing GDP either; the Obama recovery also proved that. Government programs like Obamacare didn't contribute to increasing GDP; the slow recovery is the proof. So, what are Democrats going to do about it?
We already know that Boeing has a large inventory of aircraft it needs to get rid of; the result of Boeing's mismanagement. We already know that farmers are going to plant less next year, particularly soy beans. We already know that the telecom sector has saturated the market with far less prospect for growth. We already know that housing has become unaffordable in larger markets and has far less growth potential. We already know that Microsoft is experiencing a persistent series of self imposed screw ups with its flag ship product.
So, what are Democrats going to do about it? Basically there are two approaches with the best chances for success. Democrats can promote domestic investment in productive activities that will attract consumer spending on domestic products that contributes to increasing GDP. Democrats can return to open border free trade policies in hopes of boosting exports that will contribute to increasing GDP.
Democrats won’t promote domestic investment if they raise the rates of the capital gains tax to pre 1986 rates as Biden proposes. Biden wants a 39.6% top cap gains rate plus the Obama 3.4% surcharge on that rate. Charging cap gains rates higher than ordinary income tax rates on the gains of reinvested post income tax dollars will truly kill investment in this country.
The failure of Trump’s two-trillion-dollar tax break for corporations, which geneated zero investment tells us that there's no obvious relation between tax rates and investment.
The low unemployment numbers don't support that argument. Hiring workers is an investment in the productive part of the economy. And higher year to year GDP growth doesn't support that argument. An increase in illegal immigration to seek jobs doesn't support that argument. The conversion of coal fired power generation to natural gas doesn't support that argument. The increased deployment of alternative energy doesn't support that argument. The increased private investment in developing electric, hybrid, and self driving automobiles and trucks doesn't support that argument. The increased investment in commercial space flight doesn't support that argument. Investments really are being made at a faster rate after the tax cuts.
But Democrats seem to think that investments only involve the financial sector. The Dow Jones doesn't produce one damn thing. A squirrel caching nuts for the winter generates more wealth than does the stock market. Buying stocks is consumption; not an investment in the productive part of the economy.
Why do Democrats hate the productive parts of the economy? With a strong economy, one would expect Democrats to campaign on labor and small business issues. Instead Democrats are harping on Trump damaging free trade. Consumption of imports do not contribute to economic growth or increasing GDP. That's why a service economy cannot create a broad prosperity.
You know, if consumers really are paying the tariffs then more of their spending is contributing to increasing GDP and economic growth. Why do Democrats want a weak economy?
We should be taxing stock investors until their ears bleed. Wall Street doesn't produce one damn thing. Wall Street sucks investments away from the productive parts of the economy. Wall Street is an anchor holding back the economy.
At one time selling stocks was a way for a business to borrow money without collateral. Today stocks are just a tax dodge. We should be taxing stock gains a lot more. I'm not sure 40% is enough.
... are irrelevant. There are direct measures of investment. There was a teeny-tiny blip... that cost two trillion in lost revenue.
What is this "hate" nonsense? Can you supply a single instance of "hatred"? If you have no proof... then can you explain why you choose to use that particular word?
There’s pretty solid evidence that an overall rate around 75% would be optimal.
Which only illustrates Democratic proclivity to utilize financial bamboozle babble. For Democrats increased employment is only a one time, teeny tiny blip but a tax cut is a long term financial loss.
If Democrats put forth more effort to sustain the low unemployment numbers then that would become a long term gain. But workers are only a long term cost; that's what the financial bamboozlers tell us and Democrats accept without question. Sustained employment can't be a gain.
Hate to break this to Democrats but a broad prosperity isn't possible without sustaining that teeny tiny blip in employment for ten years, too. That may not be good for Democrat's financier backers but that would really be good for the economy.
You said it yourself. Low unemployment numbers are irrelevant.
You want to drive the middle class and the saving class out of investing in the companies that reinvest in research and development, build more facilities and hire more workers? Investing in the stock markets is the power that provides growth, r&d, new facilities and products, and hiring more workers, paying our bonuses and our finally increasing wages. You tax the markets like that and we will only invest post tax Roth IRA and Roth 401k funds in it that are tax free forever post the income tax paid pre investment.
So all the people working now who weren’t before aren’t now using fewer or no federal benefits now? Are those new workers not now paying income taxes? Are you suggesting that all these newer workers paying 12-37% rates on their new income aren’t covering the 3% tax rate cut existing workers got?
A paquet of nonsense.
They may be paying the minuscule cut they got, but they're certainly not paying the cut that the already-rich got. Overall, the tax cut blew a two trillion dollar hole in the federal budget.
What share of the proceeds goes to the business when you sell stock?
When someone buys stock traded on the exchanges, the money goes to the seller and not to the business. The only time the business received any money was when the stock was issued and initially sold by the company. But the company did not sell the stock on the exchange; an investment bank bought the newly issued stock at an agreed price and then the investment bank released the stock onto the exchange and sold the stock for a profit.
When companies were allowed to sell stock directly to purchasers without going through the exchanges then, yes, buying stock was a direct investment in R&D, building factories, and hiring workers. But that is no longer the case; stocks don't work that way any longer. The stock exchanges increase the value of private holdings (especially those stocks owned by corporate management) but do not provide any capital for business expansion. The stock exchanges are being used as a tax dodge and not as a means for investing in productive activities.
The already rich got no big tax cut except in rate from 39.6% to 37%. 2.6 percentage points. They also had their home mortgage deduction capped at 750k which doesn’t buy that much home in urban areas, and their SALT’s deductions capped at 10k. That recaptured much of what they got from the rate cut.
Agree to disagree.
Really? How many times have Democrats wagged their fingers and told us that the industrial jobs aren't coming back? How many times have Democrats explained that we must embrace globalized interdependence based on free trade?
Work is a four letter word. So is jobs. But Democrats, being the advocates of politically correct language, have defined work and jobs as a pejorative; jobs have become something only illegal immigrants do since Americans won't. What a positive, uplifting, and hopeful message.
Democrats tell us we must invest in the future; apparently working for the future is a job Americans won't do. That must be why Democrats keep telling us our future depends on illegal immigrants. Democrats want us to buy the future using someone else's money instead of earning the future with sweat equity.
"Pretty solid evidence" meaning that the Communist Party and Socialist Party have agreed on it?
They still are, and they still do.
Less right wing media would help.
So you got nothing. If you make a claim, shouldn't you at least try to back it up? Let me help.. I watch TV probably more than I should, but, I have YET to hear even ONE democrat saying they want a recession. Not on fox fake news, not on CNN, not on MSNBC, not on ABC or CBS.
In other words, all you did was use a talking point and have absolutely nothing to back it up.
75% of economists agree with her too. But I see nothing in her statement that says she is hoping for a recession.
If it does? We can blame Trump because the hint of a recession is now reality. But historically, from an economic standpoint, the DJIA and the economy does better when Dems are in office. You can go back and look yourself, the numbers don't lie.
Well, most likely the same thing Obama did to dig us out of the last GOP recession.
Didn't you claim Fox was banned, and when I asked where you got that from, you stayed silent?
You haven't been paying attention...
Your notions of economics are a "packet of nonsense"...
No.
Oooo, Shark Tank. To be fair, vulture capitalists do contribute more toward generating wealth than does the stock exchanges. Unfortunately some vulture capitalists are overly greedy.
That's why we need to consider reinstating regional and state exchanges to allow smaller investors to participate in generating wealth. We need to allow small businesses more direct access to pooled investment capital.
CNBC is right wing media?
Right now Donald Trump is singing the praises of a strong economy. Why is he doing that? Well, a strong economy would definitely improve his chances for winning reelection; Trump wants a strong economy.
Right now Democratic candidates are warning about the signals for a recession and weakening of the economy. Why would Democrats do that? Well, a recession would weaken Trump's chances for reelection and improve the chances of a Democrat winning the election. Democrats want a recession.
Yeah, we really need the Trans Pacific Partnership. You know, parts of the economy hadn't recovered by the time Barack Obama left office because Obama's administration favored the financial sector.
Like it or not, we have experienced an uptick in the manufacturing sector since Trump took office. That may not be sustainable but at least its a move in the right direction. Today's capitalists seem to be very reluctant to actually produce something. We've grown too comfortable with an 18th century mercantile economy that relies upon exploiting poor countries for supply and exploiting rich countries for profit.
Or....in actuality...direct stock purchase plans. You can invest directly in tiny little companies like Citi or American Express or Ford or Coca Cola.
I'm not sure replacing one or two stock exchanges with 15 others actually accomplishes what you intend.
If only somebody could think of a way for people to connect with small investors on the internet. You know, where they could get funding from a small "crowd" of people to "kickstart" their business....
It would also be cool if there was maybe a government program to guarantee loans to small businesses. That way lenders would be more confident taking those small business risks. Those small businesses would be able to get help establishing best practices and making sure they were set up to succeed before they loan came through.
Considering that most of us don't get pensions these day, and investing in the stock market is about the only way the average person will ever be able to retire, what do you propose to implement to replace 401(k)s, IRAs, and such as the vehicle for people's retirement?
Isn't the answer always, always, ALWAYS "Tax the Rich More! Make Them Pay Their "Fair Share", which is conveniently undefined?
Nope! Where did you get that bullshit? Wait, don't tell me. I can guess...
Actually it came from the mouths of democrats
No, silly!
I always try to list other news sites so people don't post exactly the crap you just did.
Like THIS:
https://www.quora.com/Who-is-the-majority-of-modern-day-rich-and-very-rich-people...
https://www.pinterest.com/pin/515099276130470421
https://democrats.org/where-we-stand/party-platform
https://www.commondreams.org/news/2018/03/07/...
https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan
https://thehill.com/policy/finance/452902-2020-democrats-push-tax-hike-on-wealthy...
https://www.godlikeproductions.com/forum1/message3966602/pg1
https://www.kiplinger.com/slideshow/taxes/T043-S001-tax-plans-2020-democratic...
https://www.courant.com/politics/hc-pol-income-inequality-connecticut-tax-policy...
https://www.factcheck.org/2018/01/democrats-misleading-tax-line
Isn't it just absolutely hilarious when they don't even know what their very own party stands for?
And then want to accuse us of only using one source?
Well you went out of your way to post the facts. I hope they get read any or all of those articles so that democrats will know where their party stands. We need an informed electorate
I've seen this play out before. Expect silence now.
I don't want to give too much away, but when an oath is taken to cold shoulder one individual, that person can have a lot of fun going through the various seeds and making a cogent case completely unopposed. I learned that on Newsvine. Iv'e been around a Loooooong time.
Tonight will be like a night out on the town!
Because you ignored the rest of the post that came from that proves that I have been paying attention. Of course democrats want to restore full deductibility for the wealthy for all state and local taxes being deductible and they want to remove the cap on mortgage interest deductions for them. This is the first time the GOP raised taxes on the rich and the democrats want to repeal the increases.
Have you heard of Stash? Anyone can invest in taxable, Roth, and custodial accounts for minors and can get partial shares of companies and ETF’s for as little as $5.00 per company/fund. This makes makes it possible that virtually anyone can be an investor.
You've mentioned it before. It is an interesting concept. Today the Market is for everyone!
That’s what liberals want to destroy. They want to tax and regulate the middle class out of the market and back to bank money markets and CD’s and then tax the crap out of it once it really is only the rich in it. The democratization of the stock market where anyone can be in it was the worse thing that happened to statist big government deep state establishment types. Establishment republicans don’t want to associate with us base types in their class and establishment democrats want it taxed at a high rate and us dependent upon them for handouts instead of being independent small investor class as well as middle and working class. The idea of the ownership society was one of the things that George W. Bush got right.
[Removed]
And the Earth is flat...
I have an inkling of what you mean. In other words, it is somehow regarded as "greed" to want to keep the money you earned, yet it's not "greed" for them to take it. Yup, we are all still trying to figure that out.
Are you denying that capping the deductibility of state and local taxes at 10k for everyone anywhere in the country is a tax on the rich?
I think another reason why democrats are rooting for crash/recession is that they have such contempt for the American people - the people who voted against the liberal establishment in 2016!
That's true, and the socialists would prefer a poor economy...so that they can lure more people into their scam.
Not an unreasonable surmise. Democrats do seem more likely to engage in passive aggressive behavior.
Democrats seem to be hoping to win by default. Democrats aren't attempting to attract voters with alternatives, they are attempting to distract voters by claiming their opposition is worse.
Apparently 2020 is going to be another choice of lesser evils. The problem with that approach is voters are more apt to choose the devil they know rather than the one they don't.
True. We must be punished for defying them and all our economic gains during the Trump years have to be destroyed.
First four words in this article....lost all credibility.
And yet, "Fox is banned" didn't set off any little alarm bells for you?
74% of economists in survey see US recession by end of 2021
Well after the next election? I see.
More than 70% of economists think a US recession will strike by the end of 2021
3 in 4 economists see recession in 2 years
It's yet another, "everyone else is wrong, trump is right"... Sure thing...LOL 12,000+ lies and counting, trump has zero credibility.
If it happens then I’ll have time to save more for retirement and pay the house down further before it hits. No one denies there will ever be another recession. One in the 2nd half of 2021 won’t affect the 2020 election and could be over by the 2022 election. As I’m getting closer to retirement, if the democrats win the presidency in 2020,I’ll be out of the stock market the next day in November 2020. I’ll still have cash, bonds, precious metals, other commodities, and dividend producing stuff like REIT’s and utilities.
Why? I can't even tell you how much money I made because of Obama and the DJIA.
Oh I did too. Obama made it impossible to invest in anything else most of his terms. Obama said one thing and yet catered to the very investment bankers he railed against. I never invested as much in my life as I did in 2009. Until November 2016. I fully expect whoever wins the democrat nomination to be much harder on business and investors than Obama was. Oh, and I especially doubled down on indexes of health insurance companies, pharmaceuticals, defense stocks, and fossil fuel companies and suppliers during his time in office. I dumped all my clean energy stocks while he was President too and then bought them back after he left office because they weren’t federally subsidized anymore.
Slowest recovery from recession ever, period.
All anyone needs to know about the Obama economy.
... who doesn't want truth but wants to find some reason to verbalize their hate for Obama other than the one ingrained in their hearts, needs to know about the Obama economy.
The Trump economy is better. Regardless since I’ll turn 60 on my next birthday I have been trimming the riskiest parts of my entire portfolio and am at about 50% cash and high quality bonds of all sort now. I won’t be caught up prepared as I was in 2nd half 2007 to first half 2009. I can’t afford another ride like that. Hopefully the next down turn will be more like 1999-2000 where there were parts of the market that held steady or even went up during that downturn so it’s possible a well balanced diversified portfolio can break even like I did then. I read that tech bubble correctly and was almost completely out of that sector by 4th qtr 1997. I’ve already eliminated all the alphabet, Facebook, Twitter, and other high tech social media brands from my holdings.
We lived through it!
You are a wise man. Btw, I can't help relating this, forgive me, just to show there are always two sides to the Market. One of my daughters who had never invested a penny in the market, invested her entire savings in that bottomed out Market back in 2009. She bought stocks, Mutual Funds and Citi Bank at $6 a share. I don't have to tell you how she did.
It was a once in a lifetime jolt. Let's hope there are no more earthqaukes, we can survive the bumps.
Thanks! Let’s hope for stability with more and longer mild ups than short mild downs.