White House counselor Kellyanne Conway called out the media for ignoring good news about the U.S. economy and only focusing on messages of gloom following multiple warnings of a looming recession.
Conway trolled journalists who had finally begun reporting economic stories after a report revealed that more economists expect a downturn within the next two years.
“It’s nice to see the media finally covering the Trump economy,” she said. “You seem to cover it only when you can use the Sesame Street word of the day, ‘recession.’”
The National Association for Business Economics sad earlier that around 38% of 226 economists it polled expected the contraction to begin next year. Another third expected a recession in the U.S. the following year. That means nearly three-quarters of economists expect a recession by end of 2021.
However, their prediction pushed back the timing, with only 2% expecting a recession this year as a result of interest rate cuts.
On Sunday, Trump shrugged off these warnings, saying that consumer confidence was high.
“I gave a tremendous tax cut, and they’re loaded up with money. They’re buying. I saw the Walmart numbers, they were through the roof,” he said.
“And most economists actually say we’re not going to have a recession. But the rest of the world is not doing well like we’re doing.”
Conway admitted she knew which economists Trump was consulting but didn’t name them.
“The fact is the fundamentals of our economy are very strong, and you know it,” she told reporters. “We have more people working in this country right now than ever before in the nation’s history. We have more people coming off the sidelines coming back to work. We have people who don’t just have job availability, they have job security.”
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