Recession

On Tuesday's The ReidOut, MSNBC host Joy Reid was joined by contributors Anand Giridharadas and Kurt Bardella as the three trashed Republicans for trying to restrain government spending as the three all went along with the premise that Republicans do so in part out of a lack of concern for minorities.

President Donald Trump joined Fox Business host Lou Dobbs to slap back at the suggestion by some that the economy should be shut down again over the coronavirus.

When U.S. GDP dropped 9.5 percent, multiple media outlets and journalists fired off on Twitter and their headlines that second quarter GDP actually fell 32.9 percent, which was false. The 32.9 percent figure is the annualized rate of decline in GDP.

The localized lockdowns weren’t bad enough. Filling in for Margaret Brennan on the show he used to helm, John Dickerson failed to push back on Minneapolis Federal Reserve Bank President Neel Kashkari’s proposal that the entire country go into a month-long national economic shutdown. GDP fell 9.5 percent in the second quarter, and at least “30 million” are unemployed, in-part…

It turns out the news media can’t even report bad news without making it worse. Multiple outlets pushed a false statistic that U.S. GDP fell 32.9 percent in the second quarter. Fact: It fell 9.5 percent. Not 32.9 percent. The 32.9 percent figure is more than three times higher than what actually happened.

Fox Business host Charles Payne has had enough. He’s fed up with the anti-Trump media and their one-sided coverage of the stock market and economy. The Making Money with Charles Payne host hammered the liberal media negativity in an exclusive interview.

In an incredible new survey released Monday by the National Association for Business Economics (NABE), a clear majority of NABE members are now predicting a “sharp rebound” in the economy.

On Monday's The 11th Hour show, MSNBC host Brian Williams devoted a segment to letting liberal New York Times columnist Nicholas Kristof cheer for the U.S. to embrace more European-style socialism as he looked for a silver lining in the country's current problems with the economy, race relations and the pandemic.

You wouldn’t know watching ABC, CBS and NBC evening news shows that top investment banks reported record revenues in the second quarter.

Conservatism should no longer be the standard for business journalism. At least that’s what a loopy op-ed by Quartz Editor-In-Chief Katherine Bell suggested. Bell’s op-ed was headlined, “It’s time for business journalism to break with its conservative past.”

All three broadcast network evening news shows have been derelict when it comes to reporting good economic news during the Trump era. That continued with good news about sale of new houses.

Elites are literally begging world governments to raise taxes on the wealthy in a pathetic attempt to appear generous. In a letter headlined, “Millionaires for Humanity,” liberal progressive signatories like Disney heiress and Emmy-winning director Abigail Disney and Ben & Jerry’s co-founder…

Good news. Bad news. It’s obvious which Bloomberg News prefers. Bloomberg News published a relatively positive economic report with the headline, “U.S. Initial Jobless Claims Fall, Ease Worry of Worsening Market.” Then, by 1:57 pm on July 9, the headline was changed to reflect a much more doom-and-gloomish outlook: “U.S. Jobless Claims Fall While Corporate Cuts Signal More Pain.” Even the…

President Donald Trump’s National Economic Council Director Larry Kudlow remains very optimistic about the prospects of a V-shaped recovery in the economy. And he says the data back him up.