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CNN Hacks Tearing Hair Out to Explain Trump Economy It Spent Months Saying Was ‘Terrible’
Following the gangbusters’ September jobs report that vastly eclipsed expectations, CNN hacks are now awkwardly doing the Watusi dance to try and explain around why the Trump economy isn’t the disaster they said it was.
The November 20 headline from CNN Business Executive Editor David Goldman, senior economy writer Alicia Wallace, and senior reporter Matt Egan was just chef’s kiss: “Wait, I thought the economy was terrible. What happened?”
The authors gruffed over how “Entering this week, the perception of America’s economy was overwhelmingly negative.” But then, CNN’s apparent hopes to bury Trumponomics once and for all backfired. After the economy pumped 119,000 jobs into the market against expectations of a mere 50,000, “and killer earnings from Nvidia and Walmart – all within the span of about 18 hours –” the authors were left questioning, “is it possible the economy is better than anyone thought?”
These three stooges of CNN’s economic coverage, who are all on record spewing out some of the dumbest crapola to smear Trump’s economic agenda this past year, could only bring themselves to eke out a worthless “It’s complicated” as their excuse. Their first objective was to throw a bunch of cold water on the September jobs report:
All told, the September job growth is a welcome sign that the labor market wasn’t collapsing heading into the shutdown, but the underlying trends haven’t changed much: It’s still a low-hire, low-fire slog with job growth limited to a handful of industries, leaving few opportunities for those who want jobs.
Funnily enough, CNN seems to be taking an outlier interpretation from its fellow liberal colleagues in the media. CNBC senior economics reporter Steve Liesman, who had spent Trump’s first year of his second term lambasting his economic policies, was forced to admit that “[T]his report really bolsters the case of the hawks on the FOMC who have said they do not see serious deterioration in the labor market... A robust report.” ABC News correspondent Alexis Christoforous also noted that “Heading into that historic government shutdown, the job market was healthier than we thought.”
The authors then whipped out another stupid tactic that Goldman employed in a previous propaganda item that NewsBusters ripped apart: the affordability crisis should be blamed on Trump. “President Donald Trump and his administration have been under siege after the government shutdown, benefits cuts and Democratic election sweep earlier this month exposed what many Americans have been experiencing for years: the cost of living is too high, and consumers are increasingly fed up.”
“Under siege?” What the heck does that even mean?
Apparently Goldman hasn’t learned his lesson from the other times NewsBusters called him out for his hypocrisy. He is the same person who ran this insane headline just before the presidential election October 24, 2024 to prop up Biden: “America won the war on inflation. You still think the economy stinks.” So now “affordability” matters to Goldman after he gaslit readers into believing that Americans were just too dumb to realize that Bidenomics conquered the inflation boondoggle just last year? What a joke.
So what does this all mean about the current economic outlook? The authors had the answer: “Wall Street basically has no idea.” Wow, such breathtaking news (not)! Reading between the lines shows that CNN really doesn’t have any clue how to explain away why their months of doom-mongering over the Trump economy never panned out. Even Goldman went as far as comparing the stock market under Trump to the “Great Depression” as early as April, just a few months into the president’s second term.
Except the only “Great Depression” is what’s happening now in CNN’s newsrooms full of anti-Trump fanatics despairing that their disaster porn isn’t coming true. Our condolences, guys.