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.
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JD Rucker – EIC