Tuesday, June 17, 2025

Better Times

Liberals never like good news for Trump:
Liberal journos like Rugaber just can’t bring themselves to give Trump an inch without doing the semantics rope-a-dope to protect their anti-Trump street cred. Of course, Rugaber didn’t bother mentioning the recent University of Michigan survey which found that consumer sentiment rebounded to a “much higher level than expected” with a whopping 15.9 percent increase to 60.5 against an estimate of 54, as CNBC reported. This also represented the first increase in consumer sentiment on the economy for the year 2025, as Americans’ “views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China,” PBS noted. And for all Rugaber’s sympathizing for the Fed, he also ignored the crucial New York Federal Reserve report released June 9, which noted that “households’ inflation expectations declined at the short-, medium-, and longer-term horizons.” In addition, wrote the Fed, “Consumers’ recent pessimism about the labor market eased somewhat, while consumer debt delinquency expectations and expectations about one’s household financial situation improved slightly.” And why should Rugaber be expected to include all that pesky context? This is the same writer who tried to throw cold water on a good April inflation report for Trump. When consumer prices came in at 2.3 percent, which was slower-than-expected and the lowest increase since February 2021, Rugaber tried to arbitrarily inject negative spin in his coverage for AP May 13: “Inflation cooled again even as some tariffs took effect. But economists don’t expect that to last.” It’s been a month, and Rugaber’s May 13 item is already proving to not be aging well.
Good news is bad news for the left...

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