Media bias exposed

People are hearing more negative than positive news on an economy that seems pretty good right now.

What seems so odd about this is how the breakdown is going. Only 13% of Democrats hear positive news versus 56% of the Republicans. Now I understand that there are still plenty of people (mostly liberals and independents) who still watch cable news like CNN or MSNBC or watch news from networks like ABC, CBS, NBC and no doubt most of these are pushing negative stories. I still have a liberal feed on my phone, which if you believed what they peddle, we have the worst economy, the worst President, and the most dangerous world we have ever seen. Good news is treated like a surprise that will almost assuredly fade when everything comes back to realty. On liberal sites like PoliticalWire.com there are people who truly believe that the rising stock market is a hoax, driven by pro-Trump hackers who are manipulating (or being stupid about) the markets.

Either way, it still shows us how much affect the two sides of the media is having when we see this much discrepancy between liberals and conservatives. I would argue that I might also hear more negative than positive news overall, just that I don't trust much of the negative.

Now, I am not exactly in the "investment class" even though I have investments. But because I am still tied to money in the market, the indexes are something I watch. While the left might push "volatility" as a somewhat negative thing, the reality is that the market is up significantly since Trump was elected and is sitting near all time highs. Yes, there was some panicking when the original tariffs were announced, but that fully recovered and the market barely shrugs when he announces anything today (volatility). Moreover, that nasty crypto market that the left hates with a passion has been a winner, with my crypto investments up by over 30% since the election. Hopefully Congress can pass some regulations and it may even go higher.

Yeah, the first quarter GDP was flat (even down a couple of tenths of a point) but that was due to a large number of imports ahead of the tariffs, not because the economy was actually bad. It is back on pace for 2% plus growth in the second quarter (as much as some like to suggest we are moving towards a recession). I suspect it probably comes in over that and we see adjustments to Q1 as well.

Contrary to popular liberal belief, inflation is not a problem. The numbers for June were supposed to come back in the 2.6-3.0 range for consumer prices and it came back at 2.7 which was an uptick of 0.2 or 0.3 depending on which index you looked at. The Wholesale prices (what our importers are buying) was flat, meaning there is no importer tariff driven inflation right now (go figure). That means that moving forward, there will be little reason to believe we will see consumer inflation. Oddly, we are talking about inflation that has consistently stayed at or under 2.8% since Trump has been President, which is a far cry from the large numbers we saw under Biden. While everyone on the left celebrated prices dropping towards the end, it was still averaging at around 2.9-3.0% during 2024, meaning the best year under Biden for inflation was still higher than the worst month under Trump.

But you know how that goes. Under Biden, 3% inflation was wonderful news. But 2.7% under Trump is catastrophic. Which is why people hear more negative than positive news.