This is the very definition of fake news.
New Anti-Trump Ploy Is Conjuring A Recession
By Conrad Black, Special to the Sun | August 23, 2019:
The latest ploy of the anti-Trump press phalanx, and their weekly echo chamber of assorted Democratic candidates and legislators, is to try to move the voter-approval needle by insisting an economic recession is about to occur. The problem is, it isn’t.
Story continues below advertisementAs weeks pass without a recession or even increasing objective statistical hints of a recession, the continued trumpeting of a recession becomes self-stifling. Not even the economically illiterate mouthpieces of CNN and MSNBC can keep a straight face for long predicting recession when there are no signs it is happening.
It is possible to convince those who want to be convinced that something happening completely in the dark, such as trade negotiations with China, is going badly. (They aren’t.) But it is impossible to maintain a levitation of economic alarm when confidence remains high, employers are hiring rather than laying off workers, and economic growth, unemployment, and inflation numbers remain positive.
Understandably, it has been difficult for both sides on the political see-saw as we approach the 2020 election year. President Trump’s enemies, clinging as they have been since the beginning to buoyant flotsam, are like people who have been cast into the sea and can’t swim.
The idea of a Trump presidency was so unthinkable there could not be a honeymoon because it could not be real; it could not have been a legitimate election. For more than two years we were waiting for the confirmation that Mr. Trump had worked with the Russian government to rig the election.
We now know that from the start the investigators knew that there had been no such collusion and almost two whole years were spent trying to provoke Mr. Trump into counter-attacking Special Counsel Robert Mueller’s operation so he could be accused of obstructing justice. Since the president cooperated with the inquiry even as he rightly denounced it as a hoax and a fraud, the best that could be done was an invitation to the House of Representatives to continue investigations so Democrats might keep the impeachment cloud over the president’s head.
Doubtless when legislators return from their summer recess, like two spavined old fire-horses, judiciary and intelligence committee chairmen Jerry Nadler and Adam Schiff will storm out of the gate again, issuing subpoenas which will be ignored by the administration, and relying on the same desperately inadequate choir of nasty press sorcerers (down to and including Watergate catacomb mythmakers Carl Bernstein and John Dean), to stoke it up one more time.
It won’t fly. No one believes any of it. Justice Department Inspector General Michael Horowitz will soon produce his report on many aspects of the spurious Trump-Russia investigation, and Senator Linsdsey Graham and his judiciary committee will take it from there, shouldering Messrs. Nadler and Schiff out of the frame.
Inexorably, as special prosecutor John Durham’s indictments come down, the Democrats’ “insurance policy” against Mr. Trump (the Russian collusion canard as described by former FBI senior agent Peter Strzok) will become the Democrats’ suicide weapon.
Russia was hastily followed by racism, topped out with attempts to hold Mr. Trump in some way responsible for the tragic shootings in El Paso and Dayton. Since Mr. Trump isn’t a racist, and neither of the two shooters professed any Trump role in forming their psychopathic opinions, that wheeze has died in the summer heat. It is to be hoped that it doesn’t take down prudent bipartisan reforms of the gun regime with it.
The sudden and mysterious silence that has enshrouded the southern border, including the wailings of Representative Elijah Cummings, is the surest indicator that the fence is being built, Mexico is cooperating (as it receives more manufacturing investment from companies fleeing China over tariffs), and the detention and adjudication system with hundreds of new judges, is working.
The number of apprehensions of those attempting to enter illegally is declining and it is becoming difficult to represent crowded but adequately sanitary and well-stocked detention centers as the replications of Nazi death camps that House Speaker Nancy Pelosi and others were conjuring.
Now we are on to a recession. This claim contains no more substance than the chimeras that preceded it.
The straws in the wind that have been cited as the green shoots of economic calamity are far from dispositive, and carry much less weight than continuing solid performances in economic growth, inflation, absolute and per capita GDP growth, manufacturing jobs growth, shrinkage of minority unemployment, and purchasing power for working and lower middle class families. All of these numbers are coming in supportively for the administration.
The fact that the election approaches and the importance of the economy in electoral results is proverbial, and the serial evaporation of the false issues that have been pinned on Trump in his inexorable elephantine march through his first term, now combine to attempt the incitement of hysteria on this subject.
It is true that the deficit tops $1 trillion and that is not sustainable indefinitely, but that is 35% less than the Obama average (admittedly coming after a debacle bequeathed by George W. Bush); and the GDP is about 25% above the latter Obama years. So despite a large tax reduction and a strong defense build-up, the deficit as a percentage of GDP has shrunk in about five years from 8.5% to less than 5%, unacceptable, but progress.
The most important single measurement, especially for insertion into political predictions, is GDP per capita growth, which declined dangerously from 4.5% in the Reagan years to 3.9% in the Clinton terms, to 2% under George W. Bush to 1% with Obama. This trend had to be reversed to prevent extreme economic and political stress.
Economics, essentially, is half psychology and half third-grade arithmetic. President Trump has won the arithmetic and there are no serious signs of incipient recession: neither rising interest rates presaging inflation, which could require recessive measures to cool, nor serious slackening of demand.
Under the circumstances, it will be hard for Democratic officials and press fear-mongering to win the psychological battle over the direct personal experience and observations of the voters.
The only signs of economic weakness are from other important countries. The European Union appears to be about to suffer the grievous self-inflicted wound of failing to reach a reasonable compromise with the UK, and the loss of its second-largest national economy and most prestigious member. This would be a benefit to the United States as a free trade agreement with the world’s fifth-largest economy would be eminently negotiable.
China, despite its huffing and puffing and the solicitude for its “face” it has stirred up in the weak-kneed precincts of the over-populated anti-Trump world, is sputtering and losing jobs to Vietnam, India, and Mexico. Those who have been so prostrated in their hostility to the president that they have subscribed to Chinese leader Xi Jinping’s “Belt and Road” hegemonic plan will suffer the disconcertion of seeing China adopt a sharp course correction.
The comparative weakness of China’s rivals will assist the prolongation of the American boom, which only seems so protracted because there never really was a full recovery under President Obama, little more than stabilization with a 125% increase in accumulated national debt in eight years. The workforce shrank, welfare dependency rose, and a flat-lined “new normal” that the country could not live with was proclaimed.
The Democrats and their press are trying to delay the sober and balanced assessment of the merits of the candidates coming up to the 2020 election. To repurpose a beloved Democratic expression, the inconvenient truth is that Mr. Trump has been a good president who has kept his promises.
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Good analysis.
Nancy P wrecked the economy starting in 2006 so they could win the Presidency in 2008.
Left/Liberals can only destroy
Even Liberal loon Clooney the Loony had to admit Trump was
Correct and he was wrong http://offtrade.net/cnmnews/cloony-admits-trump-was-right/
LOL !
As long as they don’t have to pay the price for their loonism, they will shill for it !
They don’t care if millions of people are thrown out of work just so they can win an election. Imagine what they will be willing to do to us if they regain the presidency and flood our country with illegal migrant voters, destroy the Electoral College and put into play their other schemes to achieve permanent power.
“Be Like Detroit”
– vote Democrat
As this article points out: where has political sanity and reasonable and responsible debate gone? In my lifetime, I cannot remember this type of ignominious conduct when it came to electing our leaders. Was losing the 2016 election so abhorrent to the Democratic Party, that their need to win back the presidency is driving them to acts of conduct and speech that is unjustified and unreasonable. Is falsely calling Trump a racist, and accusing him of favoring Israel an avenue to enable him an to be called an anti-Semite? Obviously, right thinking people would think not! The democrats totally fail to accept the fact that Hillary was both a fraud and an incompetent. She even failed to pass the 1973 bar exam, and she proved herself incompetent to handle foreign affairs as Sec. of State. Trump stated things as they were, and proposed to deal with issues that mattered, and those factors certainly resulted in his election. To date, though he sometimes “puts his foot in his mouth” when he tweets; nevertheless, he constantly communicates where he is coming from and the people know how he thinks and what he expects to do, and I believe he is the first president in my lifetime to conduct himself in this manner, much to the favor of our society. He should not be subject to the nonsense that has become the Democratic approach to the coming election. They should be expected to talk issues, and if that is what they claim they are doing, I expect they will lose badly in 2020. With their failure to put down the haters that they seem to promote, I cannot believe that this party will ever be able to pull itself from its fall from grace!!!
Perhaps the FTC should be carefully tracking the trades of the likes of Soros and Steyer?
{^_^}
I am just amazed that after all the lies and all sorts of scandal stories about Trump the Left-tard Dems had concocted they have not as yet pinned some invented murder story on him. But that could quite likely backfire very badly at the Clintons I suspect.
Pres.Trump plays his hand deftly as usual when criticizing Powell over no rate cut on Fri. Pres.Trump all along really wants American companies out of China back to the US where they belong and this was the time to announce this policy.As well as let all know what a treacherous Trump- back-saboteur that Powell is.
Conrad Black, much maligned, but much more loved. As a journalist and academician he has few peers. He would make a great Ambassador to the Court of St.James.