Media Predicts Economic Doom for Trump (Patterns)

With economic pundits predicting disaster over the horizon for the Trump economy, Larry decides to compare the doom and gloom to the months prior to the 1992 presidential election, which propelled Bill Clinton to the presidency. Just what were the pundits saying leading up to that election, and what were they saying directly afterwards? How does this parallel the leadup to 2020? Larry answers all these questions and more. He also gives us a peak into a lucrative career path he decided to pass up, despite his obvious talent.

MSNBC’s Chris Hayes Rewrites Economic History

This is an old media created reality that is often repeated by Lefties. How this is still pushed today — to me — is jaw dropping.

And “The Sage” has written well about this:

‘Honest’ PBS Clinton Documentary Lies About the Economy

….In the first hour, the [PBS] documentary stumbled out of the gate. If it were a racehorse, they’d have to put it down. The whopper we get hit with right away and again and again is this: Clinton inherited a recession — not an economy that long ago came out of a recession. Never mind that 1993 — 19 years ago — is within the living memory of many Americans. Yet we are repeatedly told that Clinton entered office under a full-on economic meltdown.

The narrator says: “Heading into the fall [of l992] with the economy still faltering.”

The narrator later says, “As Clinton took office in the winter of 1993, the economic crisis that had propelled him into office showed few signs of abating.”

Treasury Secretary Robert Rubin adds: “We had had a recession. We had high unemployment. And it was a lot of uncertainty about whether the United States was going to get on its feet again or whether we could be in for a prolonged period of real difficulty. So he came into a very difficult environment.”

Journalist Joe Klein describes Clinton’s first budget battle, in the late summer of ’93, as a gamble “in the midst of a recession.”

And midway through the piece, the narrator informs us that “by the fall of 1994, the economy was growing again.”

This is simply extraordinary, mind-boggling.

Whether Bill Clinton was a good president, whether he deserves the credit for balanced budgets and projected surpluses or whether he should have been impeached are matters about which reasonable people can and do disagree. But whether Bill Clinton entered office “in the midst of a recession” and whether, in the fall of ’92 and the winter of ’93, the economy was “still faltering” and “showed few signs of abating” — these are matters of fact.

The National Bureau of Economic Research in Cambridge, Mass., is the official keeper of the U.S. business cycle. It defines a recession as “a period of diminishing [economic] activity.” It tracks when recessions begin (a “peak” — the month when a period of economic growth ends and a downturn begins) and when recessions end (a “trough” — the month when the downturn bottoms out and the economy begins to grow again).

Bill Clinton entered office in January 1993. According to the NBER, did he inherit a recession? Not even close. The recession began in July 1990 and ended eight months later, in March 1991 — a full 19 months before Clinton was even elected.

Let’s be charitable. Perhaps the documentary used a different definition of recession. True, some experts use another standard: two consecutive quarters of negative economic growth. But during Bush-41’s last year in office — 1992, the year voters elected Clinton — the economy grew every quarter, averaging 3.2 percent.

But today, nearly two decades after the fact, the PBS narrator solemnly states that “as Clinton took office in the winter of 1993, the economic crisis that had propelled him into office showed few signs of abating” — even though the economy was then on its 22nd consecutive month of positive growth!

Really? “In the winter of 1993…the economic crisis…showed few signs of abating”? Jan. 29, 1993, seven days after Clinton took office, The New York Times wrote, “U.S. Says Economy Grew at Fast Pace in Fourth Quarter: The economy grew at a faster-than-expected annual rate of 3.8 percent in the final quarter of 1992, the strongest performance in four years, the Commerce Department reported today.”

The confusion is understandable. Many in the media suffer from CRAP — Clinton Recession Amnesia Problem. CRAP spares few victims. Take MSNBC’s Rachel Maddow, who once said she knows little about economics and, bless her, seems determined to prove it. In January 2009, the month President Obama took office, Maddow said: “Clinton took the oath during an economic downturn [emphasis added], but that was a romper room compared to today’s down-crash.”

In October 1992, as President George Herbert Walker Bush ran for re-election against Bill Clinton, the economy was 18 months into a recovery. But as Investor’s Business Daily noted, 90 percent of the newspaper stories on the economy were negative. Yet the following month, when Clinton defeated Bush-41, suddenly only 14 percent of economic news stories were negative!

Given the media recitation of the false history of the state of the 1992/1993 economy — when Clinton entered office — why expect PBS to get it right?…….

My previous post regarding the PBS “Documentary”


In a great example of how the media guides it’s listeners down a path full of narratives they [said media] wish were true… we find in a touted “honest” Clinton documentary many lies and missteps (Clinton | American Experience). Larry Elder is in his element here as he excoriates the depths of this false narrative. His article is a must read for those interested in this. Near the back-half of the audio Larry offers other media silence on issues surrounding Democrats. They [Democrats] apparently have a no fly zone in regard to honest reporting.

George W. Bush Eulogizes His Father

The NAVY makes a tribute video of Bush’s service:

FLASHBACK (April):

PBS Documentary About Clinton (#FakeNews)

In a great example of how the media guides it’s listeners down a path full of narratives they [said media] wish were true… we find in a touted “honest” Clinton documentary many lies and missteps (Clinton | American Experience). Larry Elder is in his element here as he excoriates the depths of this false narrative. His article is a must read for those interested in this. Near the back-half of the audio Larry offers other media silence on issues surrounding Democrats. They [Democrats] apparently have a no fly zone in regard to honest reporting.

Larry Elder On This Election w/Some Historical Perspective

Mind you, this Larry Elder audio opens with Ronald Reagan discussing Milton Friedman.

In this fill in for Dennis Prager on Monday, Larry Elder’s first two segments of the show are really a “GOP vs Ideals” 101 course. Economics, Donald Trump, GOP nominees since 1988, Milton Friedman, Ronald Reagan, Obama, and more are covered in “Sage” fashion.

As usual I learn from Larry and I share this with you in the hopes you will as well.


For more clear thinking like this from Larry Elder… I invite you to visit: http://www.larryelder.com/ ~AND~ http://www.elderstatement.com/

“The Ends Justify the Means” ~ Sarah Silverman (UPDATED)

Video Description:

As only he can, the “Sage from South Central,” Larry Elder, explains with “proof texts” why the Left’s modus operandi is lying. Larry starts with Sarah Silverman, goes right to Hillary Clinton, then on to James Carville and others.

Good opening minutes of Elder’s Show!

Harry Reid: “I Lied About Romney, But He Didn’t Win, Did He?” (American Spectator)
The Truth About What’s In Clinton’s Deleted Emails (Allen West)
The Bush 41 Grocery Scanner Myth (Brendan Nyhan)
▼ Durbin Should Reflect On His Past Votes Against African-American Nominees And Apologize For Playing Race Card Against Republicans (Greta van Susteren)

For more clear thinking like this from Larry Elder… I invite you to visit: http://www.larryelder.com/ ~AND~ http://www.elderstatement.com/

Democrats Rewriting History on Amnesty ~ Rush Deals with Reagan Comparison

(CNSNews.com) – Liberal supporters of President Obama’s executive amnesty claim that Obama is only doing what the conservative Ronald Reagan once did.

“Reagan never did this,” an indignant Rush Limbaugh told his listeners on Wednesday.

“If Reagan did this, then why did Obama once say he didn’t have the power to do this?” Limbaugh asked. (President Obama on numerous occasions has said he does not have the power to change immigration law without Congress. “I’m not the emperor of the United States,” he told Telemundo last year.)

“Well, why didn’t he say, ‘Wait a minute, yes, I can. I can be a dictator ’cause Ronald Reagan was, everybody knows.’ Why didn’t he cite Reagan back then?” Limbaugh asked on Wednesday. “Why didn’t he cite Reagan last week, last year? Why let this controversy gin up? If Reagan did it, why not say it at the outset and then shut up everybody?”

Limbaugh described himself as “almost speechless” as he prepared to explain to his audience “just how big the Left is distorting this.”

Far from issuing an executive order, Reagan in 1986 signed legislation passed by Congress — the Simpson-Mazzoli Act.

“Congress debated and passed a law to grant amnesty to three million illegal immigrants, and Reagan signed it. They are saying that’s exactly what Obama’s going to do. They are claiming that Reagan signing legislation, thereby making it legal, is the same thing as an Obama executive order.  It’s breathtaking what they’re trying to say here.

“Reagan had a statute behind him,” Limbaugh continued. “The statute was called Simpson-Mazzoli. The very law that Reagan had signed was signed after it was passed by Congress. What Obama is about to do is write a law, or rewrite a statue all by himself.”

[….]

Writing in The Atlantic on Nov. 18, David Frum also said there are “huge differences” between Obama’s executive amnesty and the actions of Reagan did in 1986 and George H.W. Bush in 1990.

He gives the following four reasons:

1. “Reagan and Bush acted in conjunction with Congress and in furtherance of a congressional purpose, while Obama’s executive order would not further a congressional purpose.” In fact, Obama’s order “is intended to overpower and overmaster a recalcitrant Congress,” Frum said.

2. Reagan and Bush legalized far fewer people than Obama apparently plans to do. Obama’s two rounds of amnesty — first the young “Dreamers” and now their parents — could affect as many as 5 million people, Frum wrote, and thus “he would — acting on his own authority and in direct contravention of the wishes of Congress — have granted residency and work rights to more than double the number of people” who received amnesty under the 1986 Simpson-Mazzoli Act.

3. “The Reagan-Bush examples are not positive ones.” Frum says the 1986 amnesty did not work as promised, as illegal immigration actually increased in the years after the amnesty. “Let’s not repeat their mistake,” he wrote.

4. “The invocation of the Reagan and Bush cases exemplifies the bad tendency of political discussion to degenerate into an exchange of scripted talking points. ‘Oh yeah? Well, this guy you liked also did this thing you don’t like!’ Is that really supposed to convince anybody?” Frum asks. “What we have here is not a validation of the correctness of President Obama’s action. It’s…an effort to curtail argument rather than enlighten it.”