Good news for the US economy is bad news for Democrat politicans and no news for much of the media
Throughout December, we heard continuing reports of the disaster of Trump's policies and where the media and Democrats are trying to talk the country into a recession. As the stock market goes up, we are told that all the benefits go to the rich, but as it goes down, it somehow hurts everyone. I would think the Democrats would cheer as the market goes down because the wealth gap shrinks, and that is one of their main goals: to reduce the wealth of those at the top.Being a Democrat politician means never having to admit you were wrong and being a media that is wed to Democrat politicians means ignoring any good news that does not support their agenda.
We were told the market was going down because of Trump's trade policies, because he was chewing out the Fed for raising rates too rapidly, and because of the government shutdown.
I am having trouble finding where the media and other Democrats are giving Trump credit for the market rising around 10% since December 24. Why has the market reversed itself for now?
Here are a few hints: sales during the Christmas season were up over 5%, over 300,000 jobs were created in December, and job gains were revised upward in both October and November. Wages went up 3.2% year over year, the fastest growth in a long time, and gains are especially being helped on the lower end of the scale. There continue to be more job openings than job-seekers.
It is obvious that a strong economy does not fit the Democrat agenda, so it is downplayed.