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Economy

Trump goes Godfather on General Motors

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Trump goes Godfather on General Motors

Members of Congress returned to work yesterday — work being a relative word — and were immediately broadsided by some bad economic news.

General Motors announced that it will cut approximately 14,000 workers and close 5 plants (3 in North America) in preparation for an economic downturn obvious to everyone not named Donald Trump.

These decision by GM is likely to be repeated by Ford Motor Company in the very near future, and together it proves conclusively that the warnings about how Trump’s trade war would destroy the economy are coming true.

The US auto industry was one of the first to warn against imposing tariffs due to the inevitable harm it would do to sales and the lost jobs that would result. And just a few months ago that Ford Motor renewed their appeal to the White House to create policies designed to stabilize the market after US steel costs reached the highest levels in the world.

Unfortunately, the economically illiterate “King of Debt” refuses to accept this reality. Already blaming the new Democrat majority for his failed policies, Trump is doubling down and essentially threatening GM with extortion using threats that would make Vito Corleone proud.

Trump told reporters at the White House that he has instructed GM Chairman and CEO Mary Barra to cancel plans to shutter the Lordstown, Ohio, plant and that GM “better get back in (Ohio) soon.” He stated his conversation with Barra “was very tough” and that he would put “a lot of pressure” on her to comply with his wishes.

As he headed off for still more campaigning, Trump indicated that he felt his Godfather tactics would work by saying, “I think you’re going to see something else (built) there, but I’m not happy about it. I have no doubt that in a not too distant future they’ll put something else, they better put something else in.”

For good measure, in an interview with The Wall Street Journal about the GM announcement, Trump said, “I love Ohio. I told (GM) ‘You’re playing around with the wrong person.’”

David Stockman, the former director at the Office of Management and Budget under Ronald Reagan, recently appeared on FOX Business to warn the sycophants at Trump Pravda that the “Trump economy” is unstable due to the trade war and out-of-touch fiscal policies of “a madman in the White House.”

Considering yesterday’s announcement and Trump’s Godfather response, maybe it’s time to consider the words of Mr. Stockman and prepare accordingly.

Originally posted on StridentConservative.com.

 


David Leach is the owner of The Strident Conservative. His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.

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Economy

What mainstream media knows: Fear of recession causes recessions

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Fear of recession causes recessions and the media is hoping to do it again

President Trump’s concerns over mainstream media outlets painting the economy as being on the verge of recession are legitimate. He’s well aware that perceptions drive large portions of the economy. Fears that the market might tumble cause people to sell, which then makes the market tumble. Businesses concerned about the economy slowing may stop hiring, which helps the economy to slow. The circular reasoning becomes a self-fulfilling prophecy, which is why the President’s concerns are real.

And the media is playing it up like the rest of the fake news they’re peddling in hopes that stoking fears will prove their premise correct.

It doesn’t matter to them how many people get hurt by this dastardly propaganda technique. They have one goal: Make Trump lose in 2020. If they knock off the Senate Majority and keep the House, that’s a plus as well. But the President is their sole target.

The funny part in this whole scenario is they’re blaming the one progressive component in President Trump’s economic plan for the worldwide economic downturn they’re predicting. The trade war with China is modeled after Senate Minority Leader Chuck Schumer’s and presidential candidate Bernie Sanders’s plan. This is, of course, conveniently overlooked as they’ve inverted the stances on tariffs to make them wholly owned by President Trump.

Speaking of inversions, the buzzword of the week is “inverted yield curve.” In layman’s terms, it’s a sentiment indicator that shows when it’s cheaper for the government to borrow for ten years rather than two. It goes against conventional economic wisdom and is claimed to be a precursor to recession. But there’s one factor in the current curve that’s not being taken into consideration. This market-based fear is not a worry about the current or near-future economy as much as it’s an indicator the prospects of Democrat winning the White House in 2020 will erase the progress that has been made in the economy.

In other words, the fearful dollar brokers are so scared of Democratic economic policies, they’re not willing to bet on the economy should a Democrat take over.

There’s a solution: Stop listening to the polls. As we learned in 2016, polls in the days leading up to the election were highly inaccurate. This far from the 2020 election, hypothetical head-to-head polling as completely useless. But it does drive fear, lending itself to the agenda being pushed by progressive media to help tank the economy by telling everybody the economy is about to tank.

Expect more economic lies from fake news media in the coming weeks. They’re pushing hard to destroy the economy regardless of how many Americans suffer from it. It’s a kamikaze mission to take down the President at any price.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Economy

Hogan Gidley echoes Trump: Media are pushing a recession

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Hogan Gidley echoes Trump Media are pushing a recession

Deputy White House Press Secretary Hogan Gidley joined Fox News host Howard Kurtz to discuss the media’s concerted and coordinated efforts to destroy the economy by stoking fears and making false claims about a recession that can only happen if they convince the people it will.

My colleague noted yesterday that the media isn’t reporting on actual bad news about the economy, but was instead trying to scare people into unwittingly participating in hurting the economy. They know the economy ebbs and flows based on perceptions and with the 2020 elections around the corner, they also know the President’s best case for reelection is the amazing prosperity millions of Americans are enjoying since he took office.

There is no doubt the left in both DC and newsrooms across the country are going to try to dismantle the economy by convincing people it’s getting bad. The only question is whether the people will believe them enough to make it true.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Economy

Media isn’t reporting ‘bad economy’ – they’re hoping for it

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Media isnt reporting on bad economy - theyre hoping for it

The direct narrative legacy media is painting regarding President Trump is blatant and unambiguous. They want you to not only believe he is a racist, but most Republican lawmakers are also racist and anyone supporting them must be a racist as well. That’s their front-facing message as they attempt to push the 2020 election to the Democrats. But there are many associated narratives they’re also trying to drive, and none of them is more despicable than what they’re trying to do to the economy.

As we noted before, perceptions are the most power tool in helping or hurting the economy. When people believe things are good, they buy more and help to make it good. That’s an oversimplification of the complex nature of market and economic trends, but it holds true.

From now until the 2020 election, conservatives can expect an onslaught of negative news reports about the economy. Some will point to signs the economy is about to collapse. Eventually, they’ll shift gears to demonstrate how the economy is in the process of collapsing. Then, they’ll describe ways in which the economy has already collapsed. The more people they can make believe it’s true, the more likely it is that it will become a reality.

My colleague characterized it as a self-fulfilling prophecy, and that’s not inaccurate, but I think the better way to understand it is to realize in the post-truth society radical progressives want to build, they need the economy to collapse. They need capitalism to collapse. This isn’t so much an attempt to create a self-fulfilling prophecy as it is a stepping stone to the end goal of Modern Monetary Theory. That, more than anything else they’re proposing, is the most dangerous because it enables everything else.

But we’re not quite there yet, and MMT deserves a much longer analysis. For now, let’s take a look at a sampling of the narrative progressive legacy media is driving right now. Here’s a snapshot of the Google News “top stories” regarding the economy:

Media Trump Economy

Keep in mind, this isn’t a search for “Trump economy” or “coming economic collapse” or any doom-and-gloom keywords. This is the “full coverage” of our current economic situation, delivered in proper propaganda format by Google News.

The reality is the economy is still humming. Jobs are not hard to find, driving up wages and reducing unemployment. The stock market is strong. The dollar is strong, and while this may be hurting in the trade war with China, it’s giving Americans unprecedented purchasing power.

Getting word of reality out to the masses is the challenge with such an onslaught negative press against the economy. This is one of the reasons it is so important that crowdfunded conservative news outlets like NOQ Report receive as many donations from patriots as possible. Doing so is essentially like giving directly to the Trump reelection campaign because he needs truths like these promoted to voters. People are more inclined to believe what others are saying about issues than politicians, which is why we strongly encourage giving generously to NOQ Report.

The more the left builds the narrative that the economy is bad, the more likely it is the economy will have a downturn before the election. They’re lying now in hopes their lies become reality. We must adhere to the truth that the economy is strong.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

American Conservative Movement

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