President Trump, conscious that those on the Left truly want the economy to take a turn for the worst so his reelection chances would be hurt, in a direct message to the American people on Friday via tweet he took the bull by the horns:
Tuesday he told reporters on that he is keenly aware that the view of how the economy is faring can influence consumers’ behavior; “I think the word ‘recession’ is a word that’s inappropriate, it’s just a word that certain people, I’m going to be kind, certain people, and the media, are trying to raise up because they’d love to see a recession. We’re very far from a recession.”
Trump is not the only one that is inferring that Democrats and members of the Left want the market to fail. Rep. Jim Jordan (R-OH) informed reporters earlier this week:
Some of the Democrats are proposing to say the world’s going to cease tomorrow as far as the economy goes. But when I communicate with business heads, I talked with some this morning in Wapakoneta, and they’re like, “We’re turning down jobs because we’re swamped.” I don’t see what the Democrats are trying to sell right now. It’s kind of disturbing to think some Democrats, and it appears they’re almost hoping for a recession because they think it benefits them politically rather than focusing on what’s most beneficial for our country. And certainly, a recession is never good for our country … As I said, most signs right now are very positive, and they have been and stayed positive. I think belief is still strong. I think confidence and faith started to get strong about 4 a.m. on Nov. 9, 2016, when it was declared that President Trump was going to be our next president.
Larry Kudlow is the Director of the National Economic Council; he asserted Last Sunday, “Consumers, first off, they’re working. The employment numbers are terrific. Second, they are working at much higher wages. Third, they’re spending. And fourth of all, interestingly, they are saving, even while their spending. I think we’re in pretty good shape and I want just to say you know, we should not be afraid of optimism. I don’t know what it is; everybody wants to talk about pessimism, recession. There’s no recession on the horizon.” Unemployment remains at a 50-year low, as The Daily Mail recorded.
Prior to Jay Powell, Federal Reserve Chairman speaking at the Fed’s annual Jackson Hole symposium on Friday morning, Trump, who has been pushing for the Fed to cut interest rates, said Tuesday, “I’d like to see a cut in the Fed rate, that should’ve happened a long time ago. I think they’re very tardy in not doing in and not having done it sooner. They raised too quickly. And, you know, I’ve been quite vocal on that” via tweet, “Now the Fed can show their stuff!”