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Economy

What the partial government shutdown reveals about American’s finances

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What the partial government shutdown reveals about Americans finances

The partial government shutdown has been going on for nearly a month, with no end in sight. About 800000 government workers, according to politicians, are essentially getting paid not to work, but their paychecks won’t come until after the partial shutdown is over. Politicians are using this plight to tug at the general public’s heartstrings in the direction of their agenda. However, every politician and almost every media outlet is ignoring truth, to avoid offending people.

The truth of the matter is: if a person doesn’t have enough money saved up for such a time as this, they suck with finances. If a family is woefully unprepared for an emergency situation, they suck with money. These are objective facts, even Biblical. However, I do not write this to shame those 800000 government workers. After all, the crocodile tears of politicians would be wholly ineffective, if the average American could not see the horror is a month’s wage deferred. American’s finances are in disarray to put it mildly. NBC News reported how majority of Americans are living paycheck to paycheck.

Though the parameters of what constitutes a livable wage varies greatly according to where you live, these staggering statistics show just how few of us have the means to make ends meet. Depending on where they live, even people who earn $100k per year say they’re living paycheck-to-paycheck, and 59 percent of people making that kind of money admitted to carrying debt. Of those 59 percent, 56 percent say they’re heavily in debt.

And that emergency stash of six month’s pay that experts keep saying we should put away? For more than half of us, it’s just not feasible. According to this survey, 56 percent of us can barely save $100 per month. All things considered, when you break it all down, most of us are just one misfortune away from financial oblivion.

Yet despite the woeful unpreparedness of most Americans to finance an emergency, Americans spend. We have the latest IPhone, subscribe to Amazon Prime, have $200 doorbells on our homes, dine at fast casual restaurants, and drink Starbucks. And despite mandatory financial literacy classes in many schools, we push young people to pursue a six figure education. A recent survey done by YCharts found that nearly two-thirds of millennials aged 22 to 37 believed that they would have seven-figure wealth by the age of 45 or sooner. While seemingly outlandish, this study presented a more optimistic view of the generation’s finances than one might expect. Though with similar spending habits as Gen Xers, it’s overoptimistic to think this generation doesn’t overspend.

We often joke about Congress not balancing the budget like normal people run their finances. Yet in a country and culture of fiscal irresponsibility, it should be unsurprising, though disappointing, that there’s 21 trillion dollars worth of debt.


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Economy

Steve Hilton: While Trump haters pray for a recession, the real economy is booming

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Steve Hilton While Trump haters pray for a recession the real economy is booming

Americans believe in the Trump economy. It’s been helping them get jobs if they’re unemployed and better jobs if they were underemployed. It has raised wages, reduced taxes, and increased consumer spending to all-time highs. Even if you’re like many Americans who do not care about the stock market, Wall Street’s effects on Main Street are felt.

But if you listen to mainstream media, you’re likely hearing a different story. The fearmongers are actively attempting to crash the economy in hopes of using a recession against the President when the 2020 election rolls around. It’s disgusting when consider millions of Americans would be hurt by such a move, but the people pressing this false narrative are the same people who will be able to easily survive it. If their families relied on the prosperity the Trump economy is allowing, perhaps they’d think twice.

As Fox News host Steve Hilton pointed out, reality is not matching the narrative being pushed by the left. The more people are aware that recession talks are fake, the less likely they’ll become a self-fulfilling prophecy.

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

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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