The Daily Trump wins again thread

[DELETEME1234 208]

  On 3/13/2020 at 2:04 PM, 90DayFinancier said:

Oh good.  After three years were are up 3 %

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He'd be lucky if the end result would be +3%. One day in the green does not an end of the bear make. 

[90DayFinancier 910]

  On 3/13/2020 at 2:04 PM, 90DayFinancier said:

Oh good.  After three years were are up 3 %

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The truth is, and I have pointed this out several times, The job of the President is not to drive stock prices. "Her" job is to drive long term policy and promote  healthy, fair, sustainable growth. 

[90DayFinancier 910]

  On 3/13/2020 at 2:24 PM, Poseidon1212 said:

He'd be lucky if the end result would be +3%. One day in the green does not an end of the bear make. 

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My genuine fear is that many of the more effective team members that can help in a financial crisis have left the administration.   

 

 

 

 

 

 

[2018JNJ 141]

  On 3/13/2020 at 7:13 AM, Steeleballz said:

 

  I wondered where this thread went. It's supposed to be updated daily.

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Hillary Clinton will never be President, so there's that.

 

jj

[2018JNJ 141]

  On 3/13/2020 at 2:29 PM, 90DayFinancier said:

The truth is, and I have pointed this out several times, The job of the President is not to drive stock prices. "Her" job is to drive long term policy and promote  healthy, fair, sustainable growth. 

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Nope.

"His" job is to defend us from threats, foreign and domestic, and uphold the Constitution.  That's it.

 

jj

[90DayFinancier 910]

  On 3/13/2020 at 2:45 PM, 2018JNJ said:

Nope.

"His" job is to defend us from threats, foreign and domestic, and uphold the Constitution.  That's it.

 

jj

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Yeah, well this virus is a threat, he is not doing squat.

[2018JNJ 141]

  On 3/13/2020 at 2:47 PM, 90DayFinancier said:

Yeah, well this virus is a threat, he is not doing squat.

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Yap..no one is doing anything.  😛

 

If only he were of a different race/political party... 😛

 

jj

 

[DELETEME1234 208]

  On 3/13/2020 at 2:29 PM, 90DayFinancier said:

The truth is, and I have pointed this out several times, The job of the President is not to drive stock prices. "Her" job is to drive long term policy and promote  healthy, fair, sustainable growth. 

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True. It's often a way politicians try to score a point easily when the economy happens to be looking good and people who don't understand that by definition the economy is cyclical in nature both long term and short term eagerly gobble it up. Funny enough, when the markets don't look so great it's hardly attributed to the President, they'll blame other factors. So for a lot of politicians it's a win-win situation.  

 

  On 3/13/2020 at 2:37 PM, 90DayFinancier said:

My genuine fear is that many of the more effective team members that can help in a financial crisis have left the administration.   

 

 

 

 

 

 

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I'm afraid you're right. On the other hand there are multiple indicators that Trump was essentially causing a bubble to postpone the bear market until after elections so in a way it was inevitable. Personally the only reason I can see for the low numbers of testing and refusing to accept the WHO's test is to keep the numbers low in the foolish hopes it wouldn't disturb the market. We know that there will be no adequate mitigating results by this administration.  

 

On the other hand, in this day and age, in particular in a country like the US, it's difficult to justify bail outs (corporate welfare) when at the same time one leaves its population bungling, even amidst a pandemic. 

 

Ironically, in some savage sense, it also tickles one's perverse side. I for one consider it a fortunate situation since I was waiting for a 'buyer's market' so to say, my wife just texted me that someone at her work is literally refinancing their house as we speak because of lower interest rates, so there's that. 

 

  On 3/13/2020 at 2:45 PM, 2018JNJ said:

Nope.

"His" job is to defend us from threats, foreign and domestic, and uphold the Constitution.  That's it.

 

jj

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That's a very limited job description and even then the current president is failing at their job. They are not protecting us from this pandemic by frustrating efforts to adequately test people in the hopes it won't affect the market and consequently hoping to get political gain out of it, to name a domestic threat. They are creating foreign threats and instead of upholding the constitution they've been in breach of its emoluments clause, its establishment clause and showing an overall disregard of the constitution. 

 

The job of the president is the execute what the legislative branch legislates and try to sway the legislative branch to implement parts of their policies. 

 

  On 3/13/2020 at 2:51 PM, 2018JNJ said:

Yap..no one is doing anything.  😛

 

If only he were of a different race/political party... 😛

 

jj

 

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Yes, he has hardly been doing anything and looking like a fool on national television. 

 

  On 3/13/2020 at 2:51 PM, 2018JNJ said:

If only he were of a different race/political party...

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It doesn't matter from what party he is, it doesn't change the facts that he's ridiculously incompetent. 'You wouldn't be saying this if he was pink/purple/yellow/brown and democrat/socialist/communist/green' is such a non-argument and rather hypocritical considering the fact that, historically, Republicans have been up in arms about Democratic president's actions that were so minute in comparison, that the only way they could show some modicum of consistency is by starting an impeachment trial every other day for Trump's actions, it's rather hilarious at this point to imply that people take offence to Trumps political affiliation as opposed to his actions or lack thereof. 

[Voice of Reason 10,298]

  On 3/13/2020 at 6:11 AM, 90DayFinancier said:

The US stock market has now wiped out the entire $11.5 trillion of value it gained since Trump's 2016 election victory

 

Ben Winck

 Mar. 12, 2020, 04:12 PM

 

 

Reute

• Thursday's steep sell-off erased all remaining gains made in the stock market since President Trump's 2016 election win.
• The US equities market has lost $11.5 trillion in capitalization since peaking on February 19, pushed down by coronavirus risks and a global oil-price war.
• The Trump administration initially downplayed the virus, with top economic adviser Larry Kudlow calling the outbreak "contained" on February 25 and telling investors to buy stocks while prices were lower.
• Since then, House Democrats have pushed for fiscal relief legislation and the Federal Reserve has injected $1.5 trillion into the financial system to curb coronavirus' economic fallout

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You sure seem to get a lot of joy out of the economy right now.  Seems strange to me.

[Voice of Reason 10,298]

How many test kits do y'all suppose the president should make daily?  How many people should he be out there testing?  The CDC has had their budget increased every year recently.  Travel to/from China was stopped early on, and the dems tried to reverse that policy.  He asked for $2.5 billion from congress to battle covid-19, and was granted over $8 bil.  Trump has stood in front of us and said not to panic, that this will pass, etc.  What else do ye think HE should have done, exactly?

[90DayFinancier 910]

  On 3/13/2020 at 3:50 PM, Voice of Reason said:

How many test kits do y'all suppose the president should make daily?  How many people should he be out there testing?  The CDC has had their budget increased every year recently.  Travel to/from China was stopped early on, and the dems tried to reverse that policy.  He asked for $2.5 billion from congress to battle covid-19, and was granted over $8 bil.  Trump has stood in front of us and said not to panic, that this will pass, etc.  What else do ye think HE should have done, exactly?

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'It is a failing. Let's admit it,' Fauci says of coronavirus testing capacity
"The system is not really geared to what we need right now," Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said at a House hearing.

https://www.nbcnews.com/health/health-news/it-failing-let-s-admit-it-fauci-says-coronavirus-testing-n1157036

[yuna628 9,778]

  On 3/13/2020 at 3:50 PM, Voice of Reason said:

How many test kits do y'all suppose the president should make daily?  How many people should he be out there testing?  The CDC has had their budget increased every year recently.  Travel to/from China was stopped early on, and the dems tried to reverse that policy.  He asked for $2.5 billion from congress to battle covid-19, and was granted over $8 bil.  Trump has stood in front of us and said not to panic, that this will pass, etc.  What else do ye think HE should have done, exactly?

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As already admitted by Dr Fauci, the CDC has dropped the ball on testing. We should have been way ahead of where we were. Why couldn't we have accepted help from WHO or other countries that did offer us testing kits? If the Congo and Senegal has an efficient testing program, why can't we? Continually I hear every day that there are very sick people that cannot get testing. I also get some inside info coming from a certain state government that local officials know it's already inevitable that the virus will continue to spread because they do not have the ability to test and there is essentially 'rationing'. A few states have already managed to work out individual deals with private companies for drive-thru clinic testing.

 

Frank convo with my dad last night, he agreed that Trump saying ''don't panic" and "this will pass" and ''everyone can get a test" and blowing it off as a flu, are not helpful statements. It's also not helpful in stating the young will be okay, but not emphasizing that the young can be carriers and we must all do our part to protect the old and vulnerable. He needs to be open, honest, even if it is bad news. People want confident and frank info even if it is harsh. Surely he has also has daily briefings with the scientific info coming in from epidemiologists warning how bad this will be. He has the same info presented to him that Fauci and co share daily. There is no way he can personally stop panic. It is human nature, but he can provide clarity that the government is on top of it. I also think it would give people confidence if he himself would go get the test along with everyone in the WH. Many of the problems we have with the CDC have gone on longer than he has been around... but I'm telling you right now if infections continue to ramp up, we do NOT have the hospital and critical care infrastructure to handle those patients. The health department of Ohio had a very frank conference and let the public know that they believe 100,000 are likely infected even though they cannot test them. Governors in other states have taken aggressive actions even though they know it will hurt the economy, they have to. Hurricane season is approaching... do you think we can handle *that* at the same time?

Edited March 13, 2020 by yuna628

[Steeleballz 7,550]

  On 3/13/2020 at 2:40 PM, 2018JNJ said:

Hillary Clinton will never be President, so there's that.

 

jj

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   Lack of posts in this particular topic were probably already enough proof that we were running short of material, but thanks for verifying.  

 

[Steeleballz 7,550]

  On 3/13/2020 at 1:40 PM, Nature Boy 2.0 said:

Stocks surge after worst day since the 1987 market crash, Dow jumps 1,000 points

https://www.cnbc.com/2020/03/12/futures-stock-market-coronavirus-concerns.html

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[Steeleballz 7,550]

  On 3/13/2020 at 2:37 PM, 90DayFinancier said:

My genuine fear is that many of the more effective team members that can help in a financial crisis have left the administration.   

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  Similar observations have been made with the response to the Coronavirus pandemic. It's not just turnover though. It is probably also the case that the right people were never hired or appointed in the first place.