Quantcast
Connect with us

Paranoid Trump thinks ominous economic signals are a conspiracy to derail his re-election: report

Published

on

President Donald J. Trump Speaks at the 2019 National Association of REALTORS® Legislative Meetings on Friday, May 17, 2019 at the Marriott Wardman Park. (Credit: Brian Copeland/Flickr)

When journalists discuss the state of the U.S. economy and report either good or bad economic news, they view it as doing what they’re getting paid to do. But President Donald Trump takes things personally, including financial reporting — and journalist Maggie Haberman, in an article for the New York Times, describes the ways in which Trump views reports of an economic slowdown as a conspiracy against him.

ADVERTISEMENT

Haberman reports that according to people who spoken to Trump, the president believes that “forces that do not want him to win” reelection in 2020 “have been overstating the damage his trade war has caused.”

One indication that the U.S. economy is slowing down and could be heading into a recession is what economists call an “inverted yield curve,” meaning that the short-term interest rates for financial products like certificates of deposit or bonds are higher than the long-term interest rates for such products. And Haberman notes that the inverted yield curve is one of the things journalists have recently been addressing, along with a trade war with China and markets showing signs of a slowdown.

Trump, according to Haberman, interprets all of this reporting of a softening economy as an attack on his presidency — and the president, she points out, has “struck an increasingly strident economic tone” recently. For example, Haberman points out, Trump insisting during a rally in Manchester, New Hampshire last week that anyone with a 401(k) has “no choice but to vote for me” in 2020 because if a Democrat defeats him, “everything is going to be down the tubes. Whether you love me or hate me, you’ve got to vote for me.”

And Trump’s anti-media rhetoric, Haberman notes, was evident in a post on Twitter last week — when Trump tweeted, “The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election. The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!”

Another example of Trump’s “increasingly strident economic tone,” Haberman reports, came on Sunday, when he tweeted, “Our economy is the best in the world, by far. Lowest unemployment ever within almost all categories. Poised for big growth after trade deals are completed.”

ADVERTISEMENT

Trump, according to Haberman, also sees Federal Reserve Chairman Jerome Powell as someone who is conspiring against him — even though it was Trump himself who chose Powell for that position.

ADVERTISEMENT

ADVERTISEMENT

 


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

2020 Election

Conservative fears that Trump-loving conspiracy nuts could hand Democrats the Senate

Published

on

Conservative National Review editor Rich Lowry is worried that Trump-loving conspiracy nuts could hand Democrats the Senate during next month's run-off elections in Georgia.

Writing at NRO's "The Corner" blog, Lowry points to recent comments made by President Donald Trump and Trump-backing attorneys Lin Wood and Sidney Powell that attack Georgia Gov. Brian Kemp for following the law and certifying President-elect Joe Biden's win in the Peach State.

Continue Reading

2020 Election

Trump allies relentlessly lobbied election officials in a mad scramble to reverse the president’s loss: report

Published

on

On Tuesday, The New York Times podcast "The Daily" looked at how President Donald Trump has — unsuccessfully — tried to use the machinery of state and local government around the country to dismantle

"His team filed a litany of court cases in battleground states. In some, such as Georgia and Michigan, the president and his allies took an even more bullish approach, attempting to use their influence to bear down on election officials, even at the lowest levels of state government," said the report. "They have been relentless and tenacious in the efforts to transform the president’s fortunes. But the results have been immovable: Joe Biden is the president-elect."

Continue Reading
 

Breaking Banner

GOP lawmaker who once voiced support for QAnon now wants to bring a gun to the Capitol

Published

on

A newly elected Republican congresswoman who has offered support for the Qanon conspiracy theory has asked about carrying a firearm to work.

Lauren Boebert, a far-right Colorado restaurant owner who encourages her employees to openly carry weapons, has asked Capitol Police about carrying her gun on Capitol grounds, her office told the Associated Press.

“This was a private discussion and inquiry about what the rules are, and as a result the Congresswoman-Elect won’t be going on the record,” her aide Laura Carno said.

Continue Reading