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If you are unfortunate enough to follow the media or be within earshot of CNN, you know that they added the Moody’s downgrade to their portfolio of economic doom and gloom stories. Interestingly, the media had very little interest in the previous downgrade by Fitch in 2023.
The Biden administration protested and blamed Fitch (much like the Obama administration had) and Yellen began claiming that the downgrade had really happened under Trump, but what was most striking is how little interest the media had in the story.
While the first downgrade by S&P under Obama had been widely covered, the Fitch downgrade went by so fast that unless you were in finance you may have never heard about it. That’s in stark contrast to the coverage for the Moody’s downgrade. (And there’s far more justice in assigning the downgrade to Biden than there was in Yellen pretending that a downgrade in 2023 was really Trump’s fault.)
But the rule of postmodern journalism is that bad news involving Republicans and other political enemies must be covered as widely as possible while news involving Democrats has to be covered up.
It was politically motivated. A sad day for Moody’s.
Moody’s can suck my dick. I’ll never see a penny I ever invested. Who knows who’ll cash in but it won’t be me.
The market is for suckers.
The data provided is overwhelming, oh sorry, absolutely missing.
Trump didn’t make Social Security and Medicare the third rail of politics. He just increased the voltage.
Quick: name the Republicans who might not vote to renew the Trump tax cuts unless the SALT deduction is increased substantially? Let’s hope the GOP doesn’t once again squander the trifecta in government. Maybe, if the tax cuts are not renewed, the GOP can claim the vote in Congress was fraudulent.
I accept the assertion that the “role of postmodern journalism” is to make Republicans look bad and Democrats good. The role of too much right-wing journalism, not all, is to ignore Republican inconsistency. The Wall Street Journal justifiably criticizes big deficits regardless of who is in power. The consequence? We get the clueless claiming the Wall Street Journal is not a conservative publication. How dare they be critical of Trump!
What are the projected deficits going forward, even after DOGE? As a percent of GDP, are those deficits a recipe for a debt spiral or not? Demonstrate your economic bona fides. (Alternatively, just make some gay joke and pretend you’re not conspicuously avoiding unpleasant facts.)
Most Republicans and Democrats in Washington have zero credibility when it comes to fiscal responsibility. Remember the GOP’s politically successful “Contract with America,” which included a balanced budget provision? Suckers! You thought we were serious about that?
It was President Trump who called the printed-money, deficit-financed stimulus checks of $600 “measly.” He said it might take two terms to balance the budget. Here’s the progress he made in his first term, even when the unemployment rate hit 3.5% pre-pandemic partially thanks to lowering tax rates–> <–
It appears that Frontpagemag authors are "oddly uninterested" in the demonstrable fiscal irresponsibility of the GOP at the federal level. I don't think my children and grandchildren will care which party saddled them with a "huuuuge" national debt and unfunded liabilities. Maybe President Trump can just state "unfunded liabilities and huge national debts are two of the most beautiful phrases." and that will solve the problems.
Moody’s is a joke, that’s why the markets didn’t react. They rated Lehman Bros AAA two days before they went bankrupt. The Biden administration said the amount of debt and deficits didn’t matter and they could print and spend limitless amounts of money. Now barely 100 days into an administration that is actually trying to do something about it and they downgrade. Again, a total joke.
It was politically motivated. A sad day for Moody’s.
It was politically motivated. A sad day for Moody’s. >>>>> Www.Works6.Com
Of course they weren’t. The mission is to destroy Trump by any means necessary. There could be a two mile wide asteroid headed directly for the center of the country and the media wouldn’t bother covering it. Why? Because the mission is to destroy Trump. Everything else takes a back seat.
At the same time, Trump could announce that that asteroid is going to hit the center of the US and everyone should evacuate the area. The MSM would immediately call it a hoax and accuse him of being a liar. The dems would call for him to be impeached. In the aftermath, they’ll also blame Trump for the asteroid hitting the US.