{"id":42471,"date":"2019-08-14T12:13:13","date_gmt":"2019-08-14T19:13:13","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=42471"},"modified":"2019-08-14T22:08:20","modified_gmt":"2019-08-15T05:08:20","slug":"trump-is-panic-tweeting-fox-news-denials-of-imminent-threat-of-the-trump-recession","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=42471","title":{"rendered":"Trump is Panic-Tweeting Fox News Denials of Imminent Threat of the Trump Recession"},"content":{"rendered":"

In case you haven’t noticed, Donald Trump has failed at nearly everything he promised to accomplish<\/a><\/strong>. There is no wall on the southern border. HIllary Clinton has not been locked up. He has no denuclearization deals with Iran or North Korea, no trade deals with China or Mexico or the EU, no infrastructure bill, and Obamacare has neither been repealed nor replaced.<\/p>\n

\"Donald
\n<\/a><\/p>\n

The one key issue that Trump has been clinging to for two years is his argument that the economy is booming. Let’s set aside for the moment the fact that that isn’t true. Many critical indicators such as wage growth and job creation are lagging (and trailing Obama’s record). But Trump has been using the stock market as his evidence of a strong economy. That, of course, demonstrates his ignorance of economics. The stock market only reflects the value of equities that are mainly traded by giant financial institutions. It is not a gauge of the economies health.<\/p>\n

However, now even Trump’s misapplied measuring stick is biting him in the asinine analyses he’s been peddling. On Wednesday the market has fallen off a cliff, and specifically due to Trump’s ill-considered policies on trade and taxes. And the site of this downturn has thrown him into a tizzy of excuse-making. If he doesn’t have this to brag about, he’s got nothing but his racism left to hold his cult together.<\/p>\n

Consequently, Trump unleashed a series of tweets intended to shore up the catastrophic financial news of the day. And they leaned heavily on his top economic advisers at the White House – er, I mean at Fox News. Trump’s Shadow Cabinet was busily papering over the bitter truth that everyone can plainly see. And Trump embraced it frantically for fear of having to take any responsibility. Rest assured that he will greedily steal credit for the economic boom times from 2010 to 2017, during the Obama administration, but blame Obama for the crash of 2019.<\/p>\n

The tweetstorm began with a familiar Trump whine<\/a><\/strong>: “The Fed has got to do something! The Fed is the Central Bank of the United States, not the Central Bank of the World.”<\/em> Indeed. And the Fed is doing its job. But that job is not to save the stock market. It is to manage inflation and to promote monetary and financial system stability. Trump only wants the Fed to cut interest rates for his own selfish interests<\/a><\/strong>. First, he hopes that it would artificially stimulate further over-exuberance in the stock market, boosting his reelection prospects. And secondly, it would reduce his own interest payments on over $350 million dollars of outstanding variable interest loans.<\/p>\n

The next tweet was another Fox News reference wherein they blindly praised Trump’s tariffs<\/a><\/strong> saying that “you can\u2019t tell me that it has hurt our economy.”<\/em> That’s obviously true. Not the part that tariffs haven’t hurt the economy (they have), but the part where he says you can’t tell him that. And you can’t tell Trump that (or anything) either. It’s like yelling a non-existent border wall. He will continue to tell the same lies, even after he’s been proven to have lied.<\/p>\n

Trump then tweeted that “Tremendous amounts of money pouring into the United States,”<\/em> because “People want safety!”<\/em> That completely contradicts the movement in the markets. Then Trump quote-tweeted another Fox flunky who said that Fed Chair Jay Powell was making mistakes by, among other things, being “data dependant.”<\/em> Because why would anyone want to rely on actual data to make important decisions? That’s goes against the core philosophy of the Trump Doctrine of Alternative Facts.<\/p>\n

LATE ADDITION:<\/strong> Trump squeezed out another couple tweets on this subject in the afternoon. One declared defensively, and without foundation, that “We are winning, big time, against China,”<\/em> before deciding that “China is not our problem … Our problem is with the Fed.”<\/em> That led into the second tweet that lashed out at “clueless Jay Powell”<\/em> and the “CRAZY INVERTED YIELD CURVE!”<\/em> This was not only a display of Trump’s wildly unbalanced mental state, but further evidence that he doesn’t have any idea what he’s talking about.<\/p>\n

\n

How Fox News Deceives and Controls Their Flock:
\nFox Nation vs. Reality: The Fox News Cult of Ignorance.<\/a>
\nAvailable now at Amazon.<\/strong><\/p>\n<\/blockquote>\n

So as the stock market descends, Trump grasps for support from his State TV fluffers who he knows will always prop him up, no matter how ludicrous and desperately they have to revise reality. There is no coherent argument that justifies Trump’s failures but, fortunately for him, Fox News is adept at spinning lies for any occasion. And the glassy-eyed Deplorables will believe anything that Dear Leader tells them.<\/p>\n","protected":false},"excerpt":{"rendered":"

In case you haven’t noticed, Donald Trump has failed at nearly everything he promised to accomplish. There is no wall on the southern border. HIllary Clinton has not been locked up. He has no denuclearization deals with Iran or North Korea, no trade deals with China or Mexico or the EU, no infrastructure bill, and […]<\/p>\n","protected":false},"author":1,"featured_media":42472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[219,1,684,1200,8],"tags":[554,1141,33,1320],"class_list":["post-42471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-general","category-media-bias","category-politics","category-propaganda","tag-donald-trump","tag-economy","tag-fox-news","tag-stock-market"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stock-market-2.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-b31","jetpack-related-posts":[{"id":66186,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=66186","url_meta":{"origin":42471,"position":0},"title":"Trump’s Brain is MUSH! He Struggles to Hype His Weak UK Deal as His Minions Go Full Cult Mode","author":"Mark NC","date":"5\/8\/2025","format":false,"excerpt":"When Donald Trump announced his bizarrely named \"Liberation Day\" plan to impose his Trump taxes - aka tariffs - on the world, he promised that it would produce billions of dollars in revenue as the deals he would make would be signed at an impossibly accelerated rate, at one point\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-head-pointing.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-head-pointing.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-head-pointing.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":68781,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=68781","url_meta":{"origin":42471,"position":1},"title":"Karl Rove Slams Trump on Fox News for Lying About the Economy and Ignoring How the Public Feel","author":"Mark NC","date":"2\/2\/2026","format":false,"excerpt":"The flagrant failures of Donald Trump are becoming so unwieldy and impossible to ignore that even the most hard core, right-wing Republicans are beginning to speak out about it. They are starting to recognize that dodging reality is going to have a more severe impact on the GOP's electoral prospects\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Fox News, White House","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-white-house-broken.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-white-house-broken.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-white-house-broken.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":44077,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=44077","url_meta":{"origin":42471,"position":2},"title":"SO WHAT? ‘Wall Street Loves Donald Trump’ Says Trump-Fluffing Fox News Flunky","author":"Mark NC","date":"2\/14\/2020","format":false,"excerpt":"Perhaps the most frequently cited argument Donald Trump leans on to convince people he should be reelected is the performance of the stock market and the economy during his presidency. He is anxious for the America people to examine those factors when deciding who to vote for in November. And\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Stock Market Crash","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-stocks-crash.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":66177,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=66177","url_meta":{"origin":42471,"position":3},"title":"Trump Brags that He Failed to Sign a Single Trade Deal Since His ‘Liberation Day’ Tariffs Began","author":"Mark NC","date":"5\/6\/2025","format":false,"excerpt":"The execrable egomania of Donald Trump is on constant full blast. He is congenitally incapable of acknowledging any weakness or failure on his part. In his malignant mind he is infallible and the model of human superiority on a scale that approaches divinity. Click here to post this article on\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-loser-emoji-e1571261064815.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":39806,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=39806","url_meta":{"origin":42471,"position":4},"title":"WHOA: Former Reagan Budget Chief Tells Fox News that Trump is a ‘Madman’ Who is ‘Out to Lunch’","author":"Mark NC","date":"11\/23\/2018","format":false,"excerpt":"It isn't often that Fox News broadcasts anything that is remotely critical of Donald Trump. That would be contrary to the mission of the State TV cable network. And it is even less common that the criticism would come from a devout conservative whose credentials reach back to the hallowed\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump, Fox News","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-scared.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-scared.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-foxnews-scared.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":43435,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=43435","url_meta":{"origin":42471,"position":5},"title":"The Real Horror Show: Trump vs Trump on Democrats and the Economy","author":"Mark NC","date":"12\/6\/2019","format":false,"excerpt":"The Bureau of Labor Statistics released its report for the month of November on Friday morning. Its top-line numbers looked pretty good, although there are caveats that need to taken into consideration, such as the fact that in November 42,000 striking GM auto workers went back to work at the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Donald Trump Rally Trash","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-rally-trash.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-rally-trash.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/trump-rally-trash.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/42471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42471"}],"version-history":[{"count":5,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/42471\/revisions"}],"predecessor-version":[{"id":42477,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/42471\/revisions\/42477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/media\/42472"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}