Promoted from the diaries by streiff. Promotion does not imply endorsement.
The mainstream media has been obsessive about claiming a recession is coming, conveniently lining it up with the summer season for the Democratic primaries but of course they’ve been claiming the economy was going into a recession ever since Donald Trump was elected. As is common with the Democrat-Media complex, someone will make a statement and depending on the reaction the statement gets it can become the “new thing” for the Democratic party. This tested statement happens to come from Bill Maher, and he even maps out why the Democrats would push to create fear in the market and hope that they could create a self-fulfilling prophecy:
“Fatigue is the best thing we’ve got going for us. The majority of Americans aren’t tired of winning, they’re tired of looking at his fat f—ing face!. It’s hard to beat an incumbent in a good economy. Every incumbent since FDR has won if they avoided a recession leading up to an election year, and consumer confidence is sky-high. … The voters that Democrats need to win — moderates who have Trump fatigue — will vote against a good economy, I think, just to get back to normalcy, but they won’t trade it away for left-wing extremism.”
Maher is correct that an incumbent with a strong economy wins elections, and since the Democrats won’t trade their left-wing extremism, why wouldn’t they try and convince investors to fear a collapse in the market and therefore reduce the risk they would take in that market? We’ve heard them base their assessment in this most recent claim the economy is heading or recession is by looking at the inverted bond yield, which of course is a big scary economic word that could easily be used to plead toward the ignorance of voters, because for the most part nobody knows what the devil that means. The media consistently uses the ignorance of their audience as a weapon, and can take a cherry picked data point and a group of willing “experts” to spread doom and gloom and potentially create fear in the market, even when it’s not warranted, I mean, these are the same people who told us 2% GDP was the “new normal”.
Let’s not forget that New York Times Economist and Nobel prize winner Paul Krugman claimed the economy was going into recession in a piece he wrote the day after Trump was elected. The Democrats and their media sycophants need the market to falter, with the large field of candidates they’ve fielded for 2020 none have presented anything even resembling a coherent policy aside from “Donald Trump is the devil and if you don’t vote for me all your children will die” so a poor economy is their best bet for winning the election and they will do whatever it takes to win the election regardless of whose lives they destroy. Here are just a few examples of the times the Democrat media claimed we were heading into a recession:
MSNBC December 2017:
— MSNBC (@MSNBC) December 5, 2017
Washington Post May 2017:
Chance of a recession by 2022 is 70 percent, according to this major investment firm https://t.co/ljQsy376nI
— The Washington Post (@washingtonpost) June 1, 2017
Washington Post January 2018:
Opinion: The Trump Recession is coming https://t.co/DtHfu8Cjhp
— The Washington Post (@washingtonpost) January 7, 2018
— The Washington Post (@washingtonpost) January 18, 2019
CNN August 2018:
Housing and rates are worrying some economists that a recession is looming. "We're not there yet, but this is what led us to the housing crash," one economist said https://t.co/bb3HjaJs95 pic.twitter.com/6vYslgEWem
— CNN (@CNN) August 2, 2018
MSNBC December 2018:
— MSNBC (@MSNBC) December 6, 2018
It is prudent to ask with this information why we should believe the media and the “experts” who have been claiming a recession will coming any minute since Trump was elected. No reasonable person can look at this and not conclude that the media is trying to create a recession through fear in the market rather than anything actually tangible. I think at this point it’s quite obvious that the Democrats are attempting to dream a recession into existence rather than seeing any signs.
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