Corrupt Media Will Not Report on the Good Economic News and Booming Manufacturing Sector
‘The prophets of doom predicting mass unemployment will be wrong this time, just as they have been wrong before’
By Katy Grimes, August 4, 2026 5:00 pm
Tuesday has been a strong blowout-style rally day on Wall Street, with major U.S. indexes surging amid tech and AI strength, solid corporate earnings, and easing oil prices tied to Middle East developments.
“Boomsday Not Doomsday: AI Will Make Us Richer, Happier, and Healthier,” economist Stephen Moore reports at Unleash Prosperity. “Artificial intelligence is not simply another software tool or a narrow labor-saving technology. It is a general purpose technological breakthrough that can lower the cost of expertise, raise productivity, expand access to services, and increase real living standards. AI is already driving major economic activity by making the U.S. economy more productive and American industries more efficient as they compete with China, Japan, Europe and other developed nations.”
If that’s not enough good news, the Institute for Supply Management’s monthly report on U.S. factory activity as reported by purchasing and supply executives finds all five major components of the ISM Manufacturing Index are now in expansion, including manufacturing employment. “Economic activity in the manufacturing sector expanded in July for the seventh consecutive month, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report.”
““In July, three of four demand indicators (the New Orders, Backlog of Orders and New Export Orders indexes) were in expansion.”
So there’s a manufacturing boom.
There is a Stockmarket boom.
There is a jobs boom.
There is a construction boom.
But the corrupt media will not report on the good economic news, so it’s likely you haven’t heard any of this.
“The prophets of doom predicting mass unemployment will be wrong this time, just as they have been wrong before,” as Stephen Moore reports.
He continues: “So we have a record high stock market, record high after tax family incomes, the lowest crime rates in 50 years, the lowest number of Americans laid off from their jobs in half-a-century, the biggest investment boom in 40 years, and a Democratic party floating around in outer space on the economy and yet voters narrowly prefer the crazies.”
More economic news you likely have not heard is how President Donald Trump secured unprecedented investments between $10 and $18 billion, in the country. The Big Beautiful Tax Bill caused this huge wave of investment, creating a magnet for capital.
The Atlanta Federal Reserve even predicts a nearly 6% growth in the US economy for the third quarter of 2023, a significant increase from previous recession calls at the start of the year.
Drill baby drill – the United States surpassed Venezuela and Saudi Arabia in oil drilling.
Moore highlighted a strong jobs report (over 265,000 jobs including revisions), manufacturing expansion (ISM index showing consecutive months of growth, the best in years), a construction boom tied to plants, factories, roads, and data centers, rising real median household incomes (citing gains of roughly $3,000 in the current term), and stock indexes at or near records.
Broader recent context, as of early August 2026, show a resilient “boom”:Real GDP grew at a 1.5% annualized rate in Q2 2026 (after 2.1% in Q1), moderated partly by energy/supply disruptions linked to Middle East tensions.
Underlying measures (consumer spending + private investment) were stronger in some reports, with solid AI-related and equipment investment, according to the U.S. Treasury:
“The economy under the Trump Administration is strong, supported by robust business investment in equipment and intellectual property products, as well as solid household consumption growth. Data on investments, sales, and earnings indicate that the economy is poised for continued expansion. Business investment rose by nearly 10% at an annual rate over the first half of 2026, driven by investments in new equipment and intellectual property.
On the labor side, employment growth accelerated in the second quarter, with 334,000 net new jobs added. Annual worker wage growth continues to outpace inflation, and the unemployment rate remains low.
Despite recent increases in volatility of prices linked to the Iran conflict, the U.S. economy is increasingly resilient to fluctuations in availability of oil supply from the Strait of Hormuz. The United States is the largest producer of petroleum and natural gas and is increasingly a net exporter of both, strengthening energy resilience to supply shocks.”
We just thought this good, big-picture economic news was in order.




