There’s a pattern to Presidents getting reelected. If their economy is strong, it’s usually very difficult to pry them out of the White House. Back in March, I reported about how economists were already predicting President Donald Trump’s easy reelection thanks in part to his incredibly strong economic showing.
Funny enough, all the economists who weighed in said that the only way Trump would be in danger of losing is if the economy took a sharp dip before fall. With that in mind, it should be no surprise that talking heads are now babbling about a swiftly oncoming recession…just before the fall.
Trump, seeing what is happening, has denied a recession is coming and called out the left and its media for scaremongering, noting that no recession is coming but they’d sure love to see one.
“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”
Many experts seem to agree with Trump. San Francisco Fed President Mary Daly said that there is no recession on the way according to Market Watch.
“When I look at the data coming in, I see solid domestic momentum that points to a continued economic expansion,” Daly said on Quora while noting there are headwinds hitting the economy, stoking fears of a recession.
She does note something interesting. The way a recession can happen is if we put ourselves into one out of a reaction to fears about one.
“So one thing I’m looking closely at is whether the mood gets so out of sync with the data that the fear of recession becomes a self-fulfilling prophecy,” she added.
Kevin O’Leary, chairman of O’Shares ETFs, also sees no real signs of a recession on the way according to CNBC:
“There is no recession coming in America,” said O’Leary, known on “Shark Tank” as “Mr. Wonderful.”
O’Leary, chairman of O’Shares ETFs, pointed toward rising cash flows and consumer spending in the U.S. as proof for his argument.
“Domestic companies are on fire,” he said. O’Leary has been bullish on the economic state in the past, telling CNBC last month that he’s “never seen a stronger economy in my life.”
Jim Cramer, the host of Mad Money, told CNBC much the same, saying “there is no recession.”
Bank of America CEO Brian Moynihan told CNN Business that a recession just isn’t in the works as well, saying that people see a recession, but really they “confuse it with slowing down.”
CBS News reported that economists who believe a recession is coming are dropping as well, going from 42 percent to 38 percent.
You get the idea.
It’s hard not to come to the conclusion that shouting “recession” from the rooftops, like the mainstream media is currently doing, doesn’t come off as an intentional cosplay of Chicken Little. The sky isn’t falling, it’s just a tad overcast as it would inevitably be. Economies ebb and flow naturally.
As Fox News points out in a supercut, the media is trying to push the idea of recession very hard and, like Trump, suggested that this is intentional on their part.
To fire back, the left has begun calling this line of thinking a conspiracy theory. The Daily Beast has called the suggestion and anyone using it “batssh*t crazy.” Talking Points Memo called the idea that the media wants a recession is a “baseless theory.”
Fox and Friends spouts baseless theory that media falsely reporting on looming recession to hurt Trump reelection chances pic.twitter.com/XSN79pOblg
— TPM Livewire (@TPMLiveWire) August 20, 2019
Only Bill Maher seemed open and honest about openly wanting a recession in order to get rid of Trump. Maher said that he’s sorry if a recession hurts people, but that they should root for a recession or lose their democracy.
“One way you get rid of @realDonaldTrump is a crashing economy, so please bring on the recession. Sorry if that hurts people, but it’s either root for a recession or lose your democracy."
—@billmaher, June 8, 2018, estimated net worth $100million
— Larry Elder (@larryelder) June 10, 2018
It’s hard not to believe what’s right in front of your face. The left and its media have gone to great lengths in order to get Trump out of office. First, it was Russia, now it’s “racism and recession.” The left truly has yet to prove that Trump is a racist, and continues to misquote and falsely contextualize at every turn in order to sell the idea.
Why should this claim a recession is on the way be any different, especially when it would be one of Trump’s greatest weaknesses if proven true?