The mainstream media since President Trump took office has reported nothing but doom and gloom for the economy. They have said since day one in office that the economy is on the edge of disaster, and we are heading for recession. The economy, mind you, which they reported for the last two years was as 'strong as ever' under former President Biden.
They continue beating the same drum, tariffs this, job growth that. The march goes on reporting that the economy is teetering, and we are on the verge of doomsday. All in some almost sadistic hope that the economy will fail under Trump. But as economic data continues rolling in from February and March, their narrative is beginning to implode at the seams.
John Carney of Breitbart says this idea that the economy is on the brink of recession is based in fantasy.
"The latest economic data has actually been coming in quite strong, totally undermining that narrative," he says. "The recession that never happened is already over."
Inflation rates have started coming down. The Consumer Price Index rose just 0.2 percent, the smallest increase since last August. Egg prices have dropped 15 percent in March. Mostly due to President Trump stopping Biden's insane practice of just killing millions of chickens who might not have even had bird flu.
Federal Reserve chair Jerome Powell said recently that the economic growth is moderating, but still at a solid pace. Job creation has been healthy, the unemployment rate has remained virtually unchanged, and business investment in the economy has been doing well. Retail sales have also held strong despite low consumer sentiment. All of it is signaling growth.
"The services sector, which is the largest part of the economy, picked up a lot of steam in March," says Carney.
Factually, the economy seems to be growing. Yet, the liberal media continues pumping the same rainy forecast, saying this is the end of the American economy. Really, they are feeding their own delusions in an endless cycle. Consumer sentiment among Democrats is around 28-percent, the lowest ever recorded. For Republicans, it is around 95-percent.
But that does not mean there are not some risks. The economy is always a game of ebbs and flows. Weening the economic stability off the government gravy train is going to present challenges.
"A lot of employment and a lot of spending was coming out of government, rather than the private sector, and that was not sustainable," Carney says. "Moving toward a free market driven, private sector, business driven economic expansion is going to take some doing and may have some risks to the economy."
Carney adds that tariffs have not played any negative role, with most having not gone into effect. But he says it will not cause a recession.
The recession that never was is over before it ever started.
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