Tag: economic downturn
Laura Ingraham

Laura Ingraham Warns Of Economic 'Disaster' To Promote Her Gold Grift

When the going gets tough, right-wing commentators get grifting — though to be fair, they also rile up their audiences so they can profit off them in good times.

Take Laura Ingraham. On Tuesday morning, the Fox News host previewed the evening’s vice presidential debate between Minnesota Gov. Tim Walz and Ohio Sen. JD Vance by urging her X followers to buy gold and silver from her sponsor in order to avoid “a potential Harris/Walz disaster” to their personal finances.

Ingraham linked to a dedicated landing page featuring her endorsement of GoldPro, a precious metals investment company whose right-wing sponsors have included Ingraham’s Fox colleague Sean Hannity and Stew Peters, a white nationalist and antisemitic streamer who has called for the execution of journalists.

Ingraham’s LauraLikesGold.com testimonial states that “our current Administration has done nothing to make the lives of everyday American families better,” citing factors like “Rising Inflation,” “Increasing National debt,” and “a looming recession.”

“Will it ever get better?” she added. “Expert analysts are not hopeful, which is why I encourage you to learn how gold and silver can be a great way to hedge against these economic factors eating away at your nest egg.”

It is certainly amusing that in exchange for money, Ingraham is warning her audience both that former President Donald Trump may lose the 2024 presidential election and that even if he wins, his economic performance will prove so poor that they need to buy gold and silver as a hedge.

But Ingraham’s paid missive both defies what economists and other experts say about the relative merits of the plans put forward by Vice President Kamala Harris and Trump, and provides a stark example of how right-wing pundits enrich themselves on the backs of their followers.

Reprinted with permission from Media Matters.

Donald Trump

Worst Quarterly Downturn Since ’29 Crash Fails To Spur GOP Economic Action

Donald Trump oversaw the worst economic quarter in recorded U.S. history, with the economy shrinking by 33 percent from April through June.

This marks the second quarter in a row Trump has presided over a steep quarterly drop in the nation's gross domestic product, the Associated Press reported on Thursday, following a five percent drop from January through March.

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