Fox News morning hosts denounced the mainstream media’s “deliberate attempt” to derail the economy with their warning cries of an impending recession.
The “Fox & Friends” crew discussed the economy on Monday in the wake of last week’s drop in the Dow that set off an economic alarm bell indicating a recession might be looming.
(Video: Fox News)
“You know, the conventional wisdom is that if the economy is doing well the incumbent president of the United States usually gets re-elected,” host Steve Doocy said.
“And suddenly, after a very wild to say the least week on Wall Street, over the weekend do you know what people are talking about? Economy not doing well,” he added, highlighting video clips of the latest liberal talking heads and their doom and gloom rhetoric.
“It’s so obvious what they’re doing,” co-host Ainsley Earhardt said. “They do not want him to win again and they don’t like that the economy is doing well, apparently.”
Fox Business Network contributor Charles Payne agreed, noting that “the only thing that can happen in this country right now that can derail this economic juggernaut is if everyone believes it’s going to be derailed.”
The host of “Making Money with Charles Payne” accused the media of the same behavior at the end of 2018.
“I think some people do it deliberately,” he said. “Listen, there is no economic data out there that suggests we are on the cusp of a recession.”
“The bottom line is it seems to be a deliberate attempt by many people to make this economy go into recession,” he added, citing the sales and earnings of retail giant Walmart as he addressed the inverted yield curve which set off the pessimistic reports last week.
Recession indicator big talk of the day. Here’s what it means. https://t.co/j5VAyAtWk3
— Conservative News (@BIZPACReview) August 14, 2019
“The two and ten year yield inverted for 24 hours. It has to be more than 24 hours,” he said. “The bottom line is it seems to be a deliberate attempt by many people to make this economy go into recession.”
White House chief economic adviser, Larry Kudlow, also poured cold water on the recession reports this weekend, citing working and spending by consumers.
“I think we are in pretty good shape,” he said.
“The economy ebbs and flows, but the idea that we are going to fall off of a cliff right now is just far-fetched,” Payne said on Monday in response to Earhardt’s assertion that “the economy is good.”
Fox News host Steve Hilton doubled down on the positive economic trends and wanted to know why “fake economists” are hoping for a recession just to spite President Trump.
“It’s pretty obvious that these establishment Trump-hating hysterics — all of them, of course, living comfortable, coastal lives — actually want a recession because they think that’s the best way to get rid of Trump,” he said on “The Next Revolution with Steve Hilton” on Sunday.
(Video: Fox News)
“We saw all this talk of recession last week not because of anything that happened in the real economy but because of the fake economy, the one conjured up by panicky idiots and algorithms on Wall Street,” Hilton said.
“In case you’ve never met any of these financial whiz kids, let me tell you who we are dealing with here. These Wall Street types are not exactly the kind of people you want your children turning into. They’re really not very smart and not thoughtful or kind but often poorly educated and mostly ignorant and always self-interested and greedy,” he continued.
“This week they got the whole world in a panic for no good reason,” Hilton added. “Actually the Wall Street idiots and the establishment state media literally could cause a recession just by going on about it.”
The Fox News host warned that “we must not let the panicky Wall Street wheeler dealers and the Trump-hating establishment state media talk us into a recession.”
“We must keep the focus on the real economy, not the fake economy,” he said, citing the latest numbers that went up, not down.
White House counselor Kellyanne Conway also roasted the media and its one-sided coverage of the economy as she spoke to reporters on Monday.
Kellyanne Conway: “It’s nice to see the media finally cover the Trump economy. You seem to cover it only when you can use the Sesame Street word of the day, ‘recession’… The fact is, the fundamentals of our economy are very strong, and you know it.” pic.twitter.com/q6X8PtZ5N8
— The Hill (@thehill) August 19, 2019
“It’s nice to see the media finally cover the Trump economy. You seem to cover it only when you can use the Sesame Street word of the day, ‘recession,'” she said.
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Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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