On Friday, President Trump, aware that those on the Left actually want the economy to plunge so his reelection chances would be damaged, took the bull by the horns in a direct message to the American people, tweeting:
Trump is acutely aware that the perception of how the economy is faring can affect consumers’ behavior; he told reporters on Tuesday, “I think the word ‘recession’ is a word that’s inappropriate because it’s just a word that certain people — I’m going to be kind — certain people, and the media, are trying to build up because they’d love to see a recession. We’re very far from a recession.”
Trump is not alone in surmising that Democrats and members of the Left want the economy to fail; earlier this week, Rep. Jim Jordan (R-OH) told reporters:
Some of the Democrats are trying to say the world’s going to end tomorrow as far as the economy goes. But when I talk with business leaders — I talked with some this morning in Wapakoneta — and they’re like, “We’re turning down jobs because we’re swamped.” I don’t see what the Democrats are pushing right now. It’s kind of troubling to think some Democrats, it appears they’re almost wishing for a recession because they think it helps them politically instead of focusing on what’s best for our country. And obviously a recession is never good for our country … Like I said, most indicators right now are very positive and have been positive. I think confidence is still strong. I think confidence started to get strong about 4 a.m. on Nov. 9, 2016, when it was announced that President Trump was going to be our next president.
Last Sunday, Larry Kudlow, Director of the National Economic Council, asserted, “Consumers, first of all, they’re working. The employment numbers are terrific. Second of all, they are working at much higher wages. Third of all, they’re spending. And fourth of all, interestingly, they are saving, even while their spending … I think we’re in pretty good shape and I want to just say you know, we should not be afraid of optimism. I don’t know what it is, everybody wants to talk about pessimism, recession … There’s no recession on the horizon.”
As The Daily Mail noted, unemployment remains at a 50-year low.
Prior to Federal Reserve Chairman Jay Powell speaking at the Fed’s annual Jackson Hole symposium on Friday morning, Trump, who has been pushing for the Fed to cut interest rates — he said Tuesday, “I’d like to see a cut in the Fed rate because that should’ve happened a long time ago. I think they’re being very tardy in not doing in and not having done it sooner. They raised too quickly. And, you know, I’ve been quite vocal on that” — tweeted, “Now the Fed can show their stuff!”