Drive-By Media Hell-Bent on Talking Us Into a Recession

RUSH: The Drive-Bys, they’re incorrigible. Now they are literally trying to once again talk the people of this country into a recession. Now they’re doing it with the inverted yield curve.

Folks, I just want to tell you: There is no recession. Do you realize the United States is the only place for people to invest money in the world, particularly among our allies? They are suffering negative interest rates because of the blockheaded stupidity of these European socialists and it’s causing havoc in the bond markets. There is no recession. But I’m telling you this: The financial people in this country are all leftist. You haven’t seen anything yet in their efforts to destroy Trump.

BREAK TRANSCRIPT

RUSH: So, I mentioned yesterday that I had an interview last Friday. After last Friday’s program, I talked to Larry Kudlow, who is head honcho of the president’s Council of Economic Advisers. It’s coming up in the next issue of The Limbaugh Letter. But I want to tell you one thing he said. The whole thing is inspirational and it’s informative, and I’m glad that you subscribers are going to be able to read it. I asked him — and, by the way, he doesn’t see any of this recession stuff. Now you would expect that.

He’s from the Trump administration and they’re not going to openly sit there and say, “Yeah, I think we’re doing a bad job. I think the recession is down the road and I think we’ve got to get ready now to fight it.” No, that’s what the media is doing. And, of course, let me tell you something. The people that run the financial markets can play a bunch of games. They can create news that results in people selling stocks. So like today, you’ve got the Dow Jones down 700 points on “fears of a recession.” Fears of a recession.

But the Kudlow answer here is key to understanding this. I said, “What is our biggest vulnerability in our economy right now? What do you think it is?” I had several things in mind based on things I had read. He said, “The rest of the world.” I said, “‘The rest of the world’? What, do you mean?” He said, “Rush, the world economy is linked, and right now we’re the only place in the world to put any money.” He began an in-depth explanation of the economic circumstances in several of our allied countries, particularly in Europe, with a focus on negative interest rates.

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