So here we are in mid March, less than a month after the all time high on the Stock Market, and we have just witnessed the greatest collapse since 1929, a 32 percent drop in the Dow Jones Industrial Average and other measurements of the stock market.
So now we are back to what the stock market was on the day that Barack Obama left office, after the greatest economic recovery in American history, greater than Franklin D. Roosevelt, who had to count on World War II to end the Great Depression totally!
Obama presided over a 250 percent increase in the stock market, and an unemployment rate left to him by George W. Bush and the Great Recession of 10 percent unemployment, which was lowered to 4.7 percent when he left office.
But of course, Donald Trump would never give credit to the “black man” for anything, so it is just desserts that his raving about the great performance on the stock market and in the unemployment rate, added on to what Obama had accomplished, is now totally gone!
And now, Donald Trump has the gall and nerve to call himself a “wartime President”, when he evaded the military draft with a fake medical letter claiming he had “bone spurs”>
This was Trump’s major argument for his reelection–the “great, fantastic” economy, and now it is gone! Meanwhile, Trump has done tremendous damage in a multitude of ways, and he is insured of being the absolutely worst President in American history!
There are now projections that the unemployment rate will skyrocket, maybe to an unheard of 20 percent, which would be by far the worst since the 1930s!
If Trump had any principles and decency, he would resign today as a total failure, and the only reason he will not do so is that he would face prosecution for his crimes, and hopes to avoid that.
America must defeat Trump, and send him as an indicted felon into a court of law, with just desserts being imprisonment for the rest of his natural life, but not stop there, but also go after his children and son in law, and all of the crooked people who worked for him and brought about the disaster, ongoing, of the Trump Presidency!
This is despicable –
Trump Dodges Accountability For Medical Supply Crisis By Blaming States
Despite the federal government’s vastly greater resources, the president insisted state governments need to find their own solutions as the coronavirus spreads.
https://www.huffpost.com/entry/trump-says-states-supply-medical-needs_n_5e739dbcc5b63c3b648c366d
Extreme measures seem to have worked in China; today they announced NO new cases after 2 months or so. They didn’t beat up anybody (as far as I know) and didn’t shoot anybody, but instituted the kind of shelter-in-place regime that is becoming more and more common in the US.
However, they tested extensively, going door-to-door to test people and putting them in quarantine if tested positive. The US has no such plan and no such capability, thanks to the Orange Psychopath, who has yet to explain why he deliberately prevented testing methods to be allowed into the US.
Bottom line: China’s experience gives us hope. If by stringent isolation measures and massive testing, not just of those showing symptoms but of ALL Americans! — we can “flatten the curveâ€, reduce the number of new infections. We can starve this darned thing out of existence and dramatically reduce the death toll. But we must be able to test.
And we must hold Der Furor accountable. By delaying any government action to fight the pandemic for nearly 2 months, he has guaranteed that thousands, even millions, of Americans will die.
Another problem, besides Trump, is that we have morons in this country who are not taking this seriously, such as those partying it up on the beaches in FL for Spring Break.
The “Beer Virus” and Bailouts
Now that our Congressman, the inestimable [to some Alaskans, apparently] Don Young, has assured all us old farts that COVID-19 is just a “beer virus,” and that we should just keep on goin’ out and raisin’ all the hell we do [because, well, “we’re Alaskans”], it is easy to dismiss his blatherings as that of someone so out of touch with reality as to be laughable, if not pitied. [https://www.adn.com/politics/2020/03/19/rep-don-young-tells-alaska-seniors-beer-virus-fears-are-overblown-skips-vote-on-covid-19-relief/]
And he is a bit confused when he called FDR’s “We have nothing to fear but fear itself†an inspiring quote from “a time of war.” It’s actually from Roosevelt’s 1933 inaugural speech, some six and a half years before World War II started.
However, Mr Young displayed evidence that he is not completely out to lunch with his comments on and objections to the various and sundry “relief packages’ then being floated on Capital Hill; long before the White House, Congress, and, that fourth branch of American government, the Federal Reserve, launched their own various multi-trillion dollar relief, stimulus, subsidy, bailout, and rescue programs.
He noted: “We have to be aware of that because even the president’s proposal sounds good, $50 billion, $50 billion we don’t have. We’re gonna borrow that money from the future generations.â€
And that was when the price tag was only $50 billion, or so; not the multiple trillions of dollars now in the process of being put into circulation from DC.
It’s unfortunate that Mr Young couldn’t be bothered to show up for the House vote on its version of that legislation so he could have put his vote where his mouth is. But that, of course, would have involved taking a stand that many, many Alaskans would be loathe to accept from Their Man In Washington; especially come November.
So, he attended an NRA fundraising function instead; which no doubt set quite well with quite a few other [if not the same] Alaskans. [https://www.newsweek.com/coronavirus-alaska-don-young-relief-vote-nra-1493163]
Mr Young would have been far more accurate in his description of what all these programs entail if, instead of saying “We’re gonna borrow that money from future generations,” he had said “We are going to STEAL that money from future generations.”
Sort of like we are stealing their futures with our global, national, and state inaction on Climate ChangED.
The next time Mr Young [and/or Senators Murkowski and Sullivan] is available for questions from the peanut gallery, somebody ought to ask him/them:
“Does anybody in the White House, up on Capital Hill, over at The Fed, or on Wall Street have even a single clue as to how the US government plans to pay for all these relief, stimulus, subsidy, bailout, and rescue programs, $1200 checks, and so forth?
“Other than the Federal Reserve creating more credit, the US Treasury printing up more, and more, and more Continentals/Greenbacks/Federal Reserve Notes, and billowing up the $23.5 trillion national, sovereign Debt even further: What’s the Plan?
“The FY2020 federal budget already has a $1.08 trillion dollar deficit built into it. How big will that deficit be after all this? And more importantly, who and or what is going to pay for it when all the bills come due?
“Do the words ‘hyperinflation’ and ‘Weimar Germany’ ring a bell?”
At age 74, these are questions that ~ quite bluntly ~ I don’t expect to actually have to deal with when these are no longer merely idle inquiries and speculations from a peanut gallery any more; but real, hard questions that politicians and bureaucrats and their owners and operators are going to have to answer in real time, in the real world, and in real life.
And I’m sure that most of my cohort Baby Boomers are in much the same situation.
But that says nothing about the Millennials, the Gen Z or Xers, and their Kids and Grandkids; especially the ones old and savvy enough to sense ~ if not see ~ the wheels coming off the chariot, and being too young to vote come November.
Assuming there is an election.
Jeffrey G Moebus
Master Sergeant, US Army [Retired]
Veterans Against War [Sitka Platoon]
Sitka, Alaska
###
California governor’s has issued a statewide order for people to stay at home during the COVID-19 outbreak.
Everyone in the state is required to stay home except to get food, care for a relative or friend, get necessary health care, or go to an essential job.
If anyone is to go out, they must keep at least 6 feet of distance.
This goes into effect on Thursday, March 19, 2020. The order is in place until further notice.
Essential services will remain open such as:
•Gas stations
•Pharmacies
•Food: Grocery stores, farmers markets, food banks, convenience •stores, take-out and delivery restaurants
•Banks
•Laundromats/laundry services
The whole darn country needs to do the same as California.
That Alaska Congressman is putting Alaskans in danger by downplaying the threat of the virus. And shame on him for not wanting to help Alaskans who will be losing jobs.
Amen to that, Rustbelt!
The first step in fixing this mess is to elect Biden. We need someone competent in charge.
Senators Richard Burr and Kelly Loeffler did some insider trading just before the stock market started crashing.
https://www.cnn.com/2020/03/20/politics/richard-burr-kelly-loeffler-stock-coronavirus/index.html
GOP: anti-science, anti fact, anti truth, ignorant, selfish, greedy, and full of hate.
We need to pin this on the entire Republican Party, just like Trump not getting tests to benefit Kushner. The Republican Party enriches themselves and kills Americans.
Say it straight. Say it boldly. Say it over and over. The Republican Party enriches themselves and kills Americans.
Republican Senators Inhofe & Ron Johnson also made big dumps.
Dianne Feinstein had some transactions in question. She says they were made by her husband.
“All of Senator Feinstein’s assets are in a blind trust, as they have been since she came to the Senate. She has no involvement in any of her husband’s financial decisions,†said Feinstein spokesman Tom Mentzer.
I side with what AOC has to say about this –
https://twitter.com/AOC/status/1241016098868379661
“Members of Congress should not be allowed to own individual stock. We are here to serve the public, not to profiteer. It’s shocking that it’s even been allowed up to this point.”
Yeah. Right. And she and her husband aren’t on speaking terms, eh?
It’s funny how, when its a Democrat involved in Insider Trading, there’s always a logical, rational explanation. But if its a Republican doing that illegal, immoral stuff? Well it’s just illegal and immoral, because that’s, like, just how Repugnicans just are.
Every politician in Swampland [Republocrat, Demican, Whatever] should be audited and criminally investigated to see how much money they ~ and their owners and operators ~ have made since this whole thing started.
This whole COVID-19 Event needs to be similarly audited and investigated just to find out exactly WHO is benefiting from it, inside government and out. And that’s before all the bailouts, subsidies, rescues, relief, and so forth.
That old question of CUI BONO? is always a good place to start when trying to learn and understand why things in politics and economics happen.
LOL! Yet another nutty rant by the troll.
Haha. When we need a good laugh, this is the place to come.