Payne Warns of Economic Pain In A**

Charles Payne disagrees with WSJ & other MSM insisting economy is “strong” & consumer confidence grows, despite awful jobs report. Warns Payne, “it’s frustrating to see” these experts keep ignoring struggling consumers’ belief the economy is “going in the wrong direction.”

Somehow, the government’s report that only 12,000 new jobs were created in October when 113,000 were forecasted by the so-called experts is no big deal to the MSM because they suddenly discovered there was a big hurricane the month before. Yet, we all know there was no hurricane in most of the 50 states & that 113K projection supposedly took into account the big blow. Could there be other factors in play then? That is, besides the mostly liberal media trying to paint a buoyant picture days before Nov. 5?

Payne suggests as much. In fact, he uttered the forbidden “R” word aka in opining a “Recession” is a real possibility “sometime next year.” In doing so, he countered his own bosses at Fox & WSJ & their coverage touting a “rosy” picture about the “next president inheriting an economy with upward backwind.” What especially bugs him is seeing poll after poll showing consumers are overwhelmingly pissed at ongoing inflation, over 20% the last 4 yrs. They are reacting by borrowing by the bushel basket, Payne argued, sending household debt skyrocketing. Meanwhile, Payne notes, 20- and 30-Somethings are blowing their paychecks on European Vacas because they feel hopeless about the future; instead, they feel they should “live for the day” rather than “save for their future like their parents did.” To Payne, it spells trouble. To the next president, it may spell an economic “pain in the a**.”

Davd Soul