Amid Dow Boom, Liberal Media Gloom
Posted on | December 5, 2016 | 3 Comments
In the weeks leading up to the Nov. 8 election, Democrats and the media (but I repeat myself) warned of economic disaster if Donald Trump won.
“Economists: A Trump win would tank the markets,” was the Oct. 21 headline at Politico, and on Nov. 6 — two days before the election, when some polls showed Hillary Clinton’s numbers had sagged — the headline at Huffington Post was, “Donald Trump Has Caused A Historic Drop In The Stock Market,” with writer Ben Walsh warning:
Deporting some 11 million undocumented immigrants, building a wall along the border with America’s third biggest trading partner, starting a trade war with Mexico and China that would destroy 4 million U.S. jobs: These are all deeply harmful economic policies.
Moody’s says Trump’s policies would throw the U.S. economy into the longest recession since the Great Depression. Citigroup thinks a Trump win could cause a global depression. By a different measure, Trump in the White House would cause the American economy to shrink by $1 trillion over five years, according to British research firm Oxford Economics.
As Democrat campaign propaganda, this may have been effective, but as financial journalism, it has proven woefully incorrect. The day after Trump’s stunning victory, the Dow gained more than 250 points, and by Nov. 22, hit a record high above 19,000 points. This “Trump boom” shows no sign of fading. The Dow jumped 100 points after the opening bell this morning and, as of 11 a.m., was at 19,260. And yet the media are still looking for gloom amid the economic sunshine:
“It’s hard to know how President-elect Trump will be in 54 days or 53 days when he is President Trump,” Joann Weiner, director of the department of economics at George Washington University, told Circa.
“I think the biggest worry for anyone getting out of college is, ‘Will these policies tip the economy into a recession?'”
What liberals don’t seem to understand . . . Well, they don’t really understand anything very well, but they especially don’t understand economics, having paid little if any attention to the subject, except to seek justification for their crypto-Marxist antipathy to profit.
Communist protesters at the GOP convention in July.
It’s bad for companies to earn profits, the liberal believes in his heart, because profits are the result of capitalist greed, and this is bad for women and children and racial minorities and spotted owls. Liberal hostility toward capitalism — expressed in a discourse where “big business” and “corporate America” are used as pejorative terms — is an emotional reflex, closely related to the liberal’s hatred of America. Anything that is distinctly American, including college football and the U.S. military, must be a force for evil in the world, the liberal believes.
“They always blame America first,” as Jeanne Kirkpatrick said of the Democrats’ typical stance during the Cold War and, since the collapse of the Soviet Union, Democrats have devoted themselves to destroying the America that sent the Bolshevik dream to “the ash-heap of history.” Instead of honestly admitting the destructive purpose, however, Democrats now speak in poll-tested phrases about “Hope and Change,” promising to “fundamentally transform” America — into what?
Questions like that don’t get asked often enough. What was so bad about the America that twice elected Ronald Reagan by landslide margins? If Democrats believe the America of 1984 was evil, why?
The problem with Republicans is that they are too polite. It would be rude to confront the phony “journalists” at CNN, to crowd one of those liars into a corner and ask: “Why do you hate America so much?”
No, Democrats and the media (but I repeat myself) don’t want to admit the real nature of their own irrational prejudices, and Republicans are too polite to call them out on it. Has anyone in the Republican Party asked, for example, how much federal aid to education goes to elite private schools like Swarthmore College (annual tuition $49,104), where students enroll in “Queering God: Feminist and Queer Theology”? Why should the devout Catholic or Baptist be taxed to support such nonsense? Where are the GOP senators and congressmen demanding to know what kind of “education” taxpayers are being required to subsidize?
Because the Republicans are too polite (or too stupid) to call attention to what’s going on in our taxpayer-funded schools, a generation of young people has been indoctrinated in the anti-American prejudices of the Democrats who control university campuses. Meanwhile, Democrat operatives in the teachers unions who run the K-12 education system ensure there is No Child Left Believing in Christianity or Capitalism. Public schools teach atheism and universities teach “Queer Theology,” and nowhere in the educational process does a child ever encounter the arguments of Ludwig von Mises, Friedrich Hayek or Thomas Sowell. Therefore, in their continuing crusade to “fundamentally transform” America, the Democrats are always moving to the left. If a Democrat wins the White House — Jimmy Carter, Bill Clinton, Barack Obama — he will appoint a left-wing administration to implement a left-wing policy. However, when Democrats lose elections, they invariably interpret their defeat as evidence that they aren’t far-left enough.
This post-election demand for a “Radical Vision to Defeat Trump” comes from Zack Exley, whose resumé includes six years as a labor-union organizer, a stint with MoveOn.org, a gig with the doomed 2004 John Kerry presidential campaign and, most recently working for Bernie Sanders — the avowed socialist who would have won the Democrat nomination, were it not for the blatant cheating of Hillary Clinton’s campaign. Zack Exley speaks for the majority of Democrat voters, the mobs of dangerous lunatics who riot in the streets, openly avow their Marxist hatred of capitalism, and proclaim “America Was Never Great.”
If Trump succeeds, these fringe-kook extremists will lead the Democrats into political oblivion. If Trump fails . . . Well, good-bye, America.
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