Media Accused of Garbling Economic News to Undermine 'Trumpnomics'
Dr. Peter Navarro criticized the mainstream media and political adversaries for allegedly misrepresenting July's jobs and inflation data to attack 'Trumpnomics.' He contended that 'the left' purposefully distorts positive economic indicators to suit their narrative.
Navarro argued that raising interest rates during an energy price shock, a strategy he attributed to the previous administration, is dangerous advice, citing past warnings from economists like Bernanke and Greenspan. He defended current administration policies, including deregulation, tax cuts, and strategic energy dominance, stating that these measures were driving positive economic outcomes.
He attributed previous inflation issues to 'demand-pull' factors, specifically pointing to massive federal spending under the prior administration.


