President Donald Trump has confided in advisers that he believes last week’s stock market dive, which triggered a flurry of reporting and speculation that a recession was possible in the coming weeks or months, was part of a plot to tank his chances for reelection next year.
According to The New York Times, the president, in conversations that were meant to stay private, told aides and allies that Democrats and other #NeverTrump opponents are attempting to rob him of one of his key campaign strengths heading into the campaign: The soaring economy he and Republicans created with a combination of pro-growth policies and tax reform.
Upset by news reporting claiming the bottom was getting ready to fall out of the U.S. economy despite performance numbers and statistics that say just the opposite, President Trump has claimed privately that “forces that do not what him to win” have been purposely exaggerating the so-called damage being done by his escalating trade war with China, the Times noted.
Just last week, Trump blasted critics over economic news and data he said was pointedly false, claiming that “the Fake News Media is doing everything they can to crash the economy because they think it will be bad for me and my re-election.”
On Sunday, the president praised the strength of the U.S. economy. In remarks to reporters, he noted that the U.S. economy was nearly alone in the world in terms of growth and was outperforming other top economies around the globe.
“The rest of the world, if you look at Germany, if you look at European Union; frankly, look at the UK — I mean, look at a lot of countries — they’re not doing well,” he said.
“China is doing poorly,” he added. “Parts of Asia are doing poorly. We are doing better than any country, or even area, anywhere in the world.”
Our economy is the best in the world, by far. Lowest unemployment ever within almost all categories. Poised for big growth after trade deals are completed. Import prices down, China eating Tariffs. Helping targeted Farmers from big Tariff money coming in. Great future for USA!
— Donald J. Trump (@realDonaldTrump) August 18, 2019
News reports last week focused on an inversion of the bond curve, which many analysts claim is a sure sign of economic downturn ahead.
But according to a wealth of other data and reporting, the president’s economy is indeed performing well.
A year ago, the media were talking up the Trump economy, as The National Sentinelreported:
Begrudgingly, even the anti-POTUS “mainstream” media is now having to report all of the good things, economically speaking, that are coming from deregulation policies and tax reform implemented by President Donald Trump and the GOP Congress.
What’s more, they are having to report that their policies and reforms are having a real impact on real people, especially those Americans who have been hard-hit by the globalist policies of the past three decades.
“Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November’s mid-term elections,” reported the Washington Post, under the headline “Under Trump, the jobs boom has finally reached blue-collar workers. Will it last?”
The New York Times is also on the job growth bandwagon. The paper noted that Republicans’ and the president’s pro-growth agenda is reaching people far beyond the blue Democrat-controlled urban areas along both coasts.
What’s more, the paper noted that employers and investors are going to have to start ponying up more money for workers because there is a growing shortage:
The headlines for the August job numbers released this morning are nothing but good. Employers added a robust 201,000 jobs, the unemployment rate remained at the rock-bottom level of 3.9 percent, and wages grew the fastest they have in nine years.