(Newswire.net — May 29, 2020) —
Despite President Trump’s impressive economic record, ongoing discourse surrounding the wellbeing of the U.S. economy has recently decisively turned in a negative direction. We’re now inundated with claims that the U.S. economy is nearing a recession and that the ongoing trade war with China and other major trading partners is deeply unsettling consumers. Perhaps above all else, worries about consumer debt levels have been spiking in the past few weeks, with apocalyptic predictions abounding in every direction.
Here’s why we shouldn’t worry about consumer debt…. yet. For now, there are more pressing issues facing the U.S. economy that warrant our undivided attention.
The United States is being bled dry
Perhaps the single most important economic issue facing our country right now is that the United States is being bled dry from a variety of cuts, many of which have been imposed upon us by our so-called allies. In Europe, for instance, the United States is spending untold billions to bolster the security of welfare states that are wholly unwilling – or more likely, incapable – of defending and providing for themselves. Elsewhere, our adversaries have been profiting off weak American leadership for decades, with China being the prime example of an enemy that’s routinely taken advantage of American political cowardice.
Nevertheless, the average citizen is being regularly inundated with claims that consumer debt levels warrant levels of fear that abounded in the midst of the 2008 financial crisis. What’s worse, the president’s political enemies are leveraging these fears into spiteful political attacks against his administration, falsely claiming he’s pushing the U.S. economy towards the brink of calamity. In reality, however, President Trump has made sizable gains in areas where few American politicians have achieved anything for years; the president is convincing European allies to spend more on their own defense, for instance, while tackling the issue of unfair Chinese business practices all the while.
It should come as little surprise that far-left activists want to sully the economic record of this president – after all, if they allow President Trump to rest on his laurels, he can easily propel himself to another electoral victory in 2020. Just because liberals have an electoral incentive to tarnish the president’s legacy doesn’t mean we can sit idly by and allow fiction to be peddled as fact, however.
The truth of the matter is that we shouldn’t worry about U.S. consumer debt at a time when the American economy is hemorrhaging jobs due to atrocious trade deals and corporate America’s inability to put everyday U.S. citizens at the forefront of their priorities.
We’re going to keep steaming ahead at full speed
Despite the doom and gloom predictions which the media so frequently spits out, we can be confident that the American economy, as in the growing list of NAD therapy centers, is going to keep steaming ahead at full speed for the foreseeable future. With a competent businessman at the helm of the nation, after all, it’s only reasonable to expect better business management practices from the mammoth entity that we call the U.S. federal government. It was recently pointed out in the Wall Street Journal that recession fears are drastically overblown, but until more Americans are assured of this the economic jitters and unfair criticisms are going to persist.
Besides the obvious economic imperatives that demand we clamp down on wild rumors surrounding consumer debt, it’s also notable that consumers themselves remain incredibly confident. Ever since President Trump took office, American consumers have been feeling more confident than they have in years, with national consumer confidence levels having skyrocketed in recent years. Those preaching imminent doom for consumers should take a moment to listen to major retailers around the nation, virtually all of whom praise the current economic environment and the president’s economic stewardship.
The finances of the average American household remain robust and capable of dealing with temporary setbacks. Furthermore, job growth has remained relatively impressive despite the trade war, and as long as major U.S. companies avoid future layoffs, we have few serious reasons to be concerned about a forthcoming recession. As time goes on, it will become more and more obvious that contemporary fears are primarily borne out of liberal spite for the president and an unwillingness to praise his policies.