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Author Topic: Leave It to CNN to Flat Out Lie About the Booming Economy  (Read 253 times)

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Leave It to CNN to Flat Out Lie About the Booming Economy
« on: December 23, 2019, 01:42:43 pm »
Leave It to CNN to Flat Out Lie About the Booming Economy

Beth Baumann

Posted: Dec 22, 2019 5:10 PM

The economy is booming. We have the lowest unemployment rate in 50 years. Unemployment is at a historic low for Hispanics and African Americans. People are working. Their taxes were reduced thanks to President Donald Trump's tax cuts. People have more money in their pockets every paycheck and they are feeling confident in our economy.

More businesses are hiring because their tax burden was reduced when Trump signed the Tax Cuts and Jobs Act. Small businesses are able to reinvest in their business, which, in turn, means they have more flexibility to hire people.

Despite those successes, CNN flat out lies about what things are like for the average American, you know, those "Deplorables" in flyover country that voted for this president. That became extremely evident during Sunday's episode of "Reliable Sources with Brian Stelter" when the panel discussed the economy.

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https://townhall.com/tipsheet/bethbaumann/2019/12/22/cnn-flat-out-lies-when-they-say-the-trump-economy-is-not-substantially-different-than-before-n2558408
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Re: Leave It to CNN to Flat Out Lie About the Booming Economy
« Reply #1 on: December 23, 2019, 06:15:28 pm »
Quote
TOCK MARKET TODAY
Stock Market Gains On China Tariff News; Boeing Jumps On New CEO, But Disney Weighs
The stock market was modestly higher in morning trade Monday after China said it would cut import tariffs on a number of goods. The Dow Jones Industrial Average gained about 100 points in today's stock market.

Dow Jones stock Boeing (BA) surged after announcing a new CEO, while Disney (DIS) weighed on the Dow Jones industrials. Apple (AAPL) neared another record high on a price-target hike.

OPEN ACCOUNT
Among the Dow Jones stocks, Boeing was the top performer after announcing a new CEO amid the 737 Max crisis. Elsewhere, Tesla (TSLA) surged to another all-time high.

Dow Jones Near Record Levels In Current Stock Market Rally

CNN ignores that to focus on:
U.S. durable-goods orders sink in November; decline is sharpest in six months.
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Re: Leave It to CNN to Flat Out Lie About the Booming Economy
« Reply #2 on: December 23, 2019, 08:27:52 pm »
Quote from: The Ghost on December 23, 2019, 06:15:28 pm
CNN ignores that to focus on:
U.S. durable-goods orders sink in November; decline is sharpest in six months.

Which is deceptive in itself because DGO's is a highly erratic indicator that bounces all over the map, which is why the market discounts it till it registers a trend after several months, or confirms other more reliable ones.
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