It’s All About the Stock Market

In Heather Cox Richardson’s latest newsletter (2/14/20), she quotes one of Trump’s recent tweets related to the coronavirus. It truly and totally pinpoints not his concern for the health of the American people, but his personal interest, concern, involvement in, and anxiety about … the state of the Stock Market!

“The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!”

As Heather points out, it appears the only reason he has even acknowledged the crisis is because of its growing impact on the economy which, as we all know, is a VERY important part of his re-election campaign.

As most intelligent people recognize, the coronavirus outbreak and spread is becoming a very real concern to the entire world. The geographical location of the United States has provided us somewhat of a buffer, but the state of world travel in today’s climate is bringing it closer and closer to our personal doorsteps.

And yet … to Trump, it’s all about the Stock Market!

And re-election.

And control.

************************************
Image by Mediamodifier from Pixabay

33 thoughts on “It’s All About the Stock Market

  1. Shallow minds … will be the downfall of the human species. Sigh. I did see his tweet yesterday, put my fist through the nearest object (fortunately only a stuffed puppy), rolled my eyes, cursed a bit, and moved on into the real world. What a f***ing MORON! I so hope he crashes and burns soon … actually, though it may not be very nice of me, I hope that HE gets the bloody coronavirus!

    Liked by 4 people

    • Jill, I take it like me, you are 99.999% to 100% of the time this POTUS speaks to Americans you and I are insulted!!! I’m often whispering (or yelling at the TV) at him as he talks, anytime, anywhere… “Do you take me for an utter fool and uneducated dimwit with that bullshit!?” 🤬

      Liked by 2 people

      • Yep! 99.9% of the time I am not only offended, because he insults our intelligence (and all of us have more of that than he does), but also know that whatever he said is a lie … a bald-faced lie. I’ve smacked my poor laptop so many times that I finally had to replace it … I’m thinking about sending Trump the bill for the new one, and also for ulcer meds and sleep deprivation!

        Liked by 2 people

        • Hahaha! 😆

          Jill, when megalomaniac self-described demi-god tRumpsky and his Administration and Senate are done slashing, dismantling, and burning most all of middle America’s (and the poor’s) healthcare, ALL OF US should send him and the Senate our bills for hypertension, ulcers, insomnia, and multiple nervous breakdowns with neurosis! They’d all bankrupt the government and exacerbate an already soaring federal deficit past $23 trilllion… that rose AGAIN this fiscal year by 25%. 🤬

          BUT HEY! As Old Guard Repub white men are celebrating… “the economy is great!” 🙄

          Liked by 1 person

            • Blaming everything negative, failed, or problematic on others or other entities/institutions is tRump’s M.O. He made that infamous on his reality TV drama The Apprentice. I mean, the 7th grade educated orange Orangutan blamed massive flooding and property damage on WATER! Remember that profound speech? “The most flooding ever recorded in terms of water“… or something idiotic like that? What an incredibly advanced vocabulary this President possesses, let alone understanding Earth Science! 🙄🤦‍♂️

              And Jill, don’t get me started on my 80-yr old Mom’s now unbelievable problems with her Medicare and Medicare Supplements. One of her prescription meds used to cost her $83 (1-mon supply) in 2015-2016. It now costs her $300 something, which she cannot afford! She is a Mobil Oil Corp. retiree!!! She has been fighting with Medicare and her corporate insurance billings as well as all the massive changes/slashes and cuts to Medicare to where she’s on the verge of tears now. And of all things Mom is a moderate (usually silent) Conservative Republican who voted for tRump in 2016! Ain’t that so damn ironic? Ugh, but I still love her of course. ❤

              Liked by 2 people

            • You’re so right … everything good is to his credit (such as the good economy that he inherited from Obama) and nothing bad is his fault. Silly me … why can’t I remember that? I’ve long said that he cannot even string a coherent sentence together … sometimes I think that’s what his base like about him — that he talks like them, so they make the mistake of thinking he’s just like them.

              I can so relate to your mom’s situation. I have Type I, insulin-dependent diabetes … have had it all my life … and I take two types of insulin to stay alive. If I bought my insulin here in the U.S., even with Medicare, it would cost me $1,300 per month … only $200 less than my total Social Security check. No money left for rent or groceries. I buy my insulin from Canada for just under half that amount … exact same product, less than half the price. Your mom shouldn’t have to be going through this. Tell her to check and see if she can get it from Canada cheaper. I use 77CanadaPharmacy … ordering is super easy, and I most always get my order within 7 business days, except for one time it was held up at U.S. Customs and took 2 weeks. Yes, the ultimate irony is that those who support Trump are the ones being hurt the worst. Sigh.

              Liked by 1 person

            • My granddaughter was also born with Type-1 diabetes. Unfortunately, in her younger years she ignored her condition (not uncommon) and didn’t follow good dietary guidelines. She’s paying for it now as an adult and mother with foot and other problems. I don’t know what her insulin costs are (we aren’t that close), but her husband is a sheriff’s deputy so I would imagine they have good insurance.

              Liked by 2 people

            • Yes, the thing about diabetes is that it’s the long-term effects that will ultimately catch up with you if not managed well, and frankly … it’s just not always possible to manage it well. I hope she has good insurance … yeah, I would think that a deputy sheriff would.

              Like

            • One out of every three hospitalizations in Canada is due to diabetes. The cost to the public is enormous. But let’s keep vilifying smoking as the Great Evil and keep passing ever more strident laws about restricting its sale or use… or anything that even remotely connects with inhaling any kind of vapor… unless it’s pot, in which case let’s keep on promoting it. As for ongoing diabetic teaching, it’s just too expensive donchaknow.

              Public perception is, to say the least, not just stupid but quickly going past bizarre and resting somewhere around Kafkaesque these days.

              Liked by 1 person

            • One out of every three? That’s high! I don’t think it is quite so high here, but I’ve never looked into it, so I can’t say for sure. I agree with you 100%. When they talk of a tax on cigarettes to offset the health issues caused by smoking, I say they should also, then, tax such things as cakes, cookies, and all the other things that, when abused, lead to obesity, for obesity is just as much a killer as smoking. People hear what they wish, what fits in with their preconceived notions.

              Liked by 1 person

            • My spouse used to be a diabetic educator. It was then and now remains astounding – way beyond merely surprising – just how little understanding there is about what the different types of diabetes are, why it is a condition, how it affects the body, and how to incorporate it into one’s life without it taking over and causing permanent injury and even death to the host. Especially when this information is easily available. What is even more astounding is the widespread disregard (including gross misunderstanding) by people diagnosed with diabetes (usually in the form of pre-diabetic symptoms and medical warnings) about understanding these answers on a personal level. There are lots of people who are significantly overweight who do not have diabetes and many optimum weight and active people who do. But a universal misunderstanding about the role of processed sugar remains constant. (It’s all about balancing pancreatic insulin with sugar in the blood and almost everything we eat is turned into sugar.) So calls for increased taxes on products with sugar is entirely inappropriate and misguided but helps some people feel they are signalling their healthcare virtue by doing so.

              The complications from diabetes is what causes so many hospital visits. The amount of secondary symptom treatment – including amputation, loss of vision, sexual dysfunction, and other cardiovascular problems means continual care for these complications is necessary – is what drives the rising costs of the complications and this cost is astronomical for a single disease that is already well understood and mostly treatable.

              What is truly disgusting is that insulin was given to the world without patent (yes, by a Canadian), meaning the producers only incur manufacturing and distribution costs. It should be one of the cheapest drugs on the market and yet as you well know it isn’t. Because Canada has a consortium of provincial buyers for our public system, this means we have the means to drive profit margins down from private manufactures and choose which companies to make a deal with. That’s why you can buy insulin through Canada at about half to a third the cost in the States. That difference is the additional profit these ‘healthcare’ providers are making at the expense of the most vulnerable people and I think this imbalance needs better regulation to rectify it because the product is available without patent costs to these profit sharks.

              To fight back as best people can on this tilted playing field, the least I think we should do is educate ourselves to the nth degree not just for being our own top expert regarding a condition we have – and therefore own – but to have to spend the least amount of money possible in the most effective treatment we can provide for ourselves… to avoid or put off or even eliminate later but well known symptoms. I know this is not a typical view as a vast majority of diagnosed people don’t take the condition seriously at the front end but end up having to spend a lot of money, time, and effort only on later symptoms that reduce the quality of one’s life.

              It is a horrible disease. And because of its increasing cost at every level in every way, I think diabetes better fits the definition of a public health emergency because it dwarfs even a pandemic of covid-19. So that means I think it deserves a public healthcare response. But, of course, the truth of its dire costs does’t matter a tinker’s damn in public perception when it comes to the stock market panic over a flu… a flu that isn’t even in the same ball park of the fatality rate, the decline in physical health, and the economic cost diabetes has on countries.

              Liked by 2 people

  2. Nan, you may just get me to subscribe to Richardson’s Letters from an American. This was another excellent post/letter from her. Thank you Ma’am. 🙂

    I am currently in the latter draft stages of a blog-post on Black History Month in our nation. In parts of my research into many little known African-Americans who served this nation’s ideals of Constitutional freedoms, rights, liberties, and equality for ALL (white male) Americans, those ideals ultimately were/are NOT for enslaved soldiers fighting for white-man privileges, they were not for any non-Caucasian males and females, or certainly Native American Indians. During one earliest Era of U.S. history, full rights were not even available to white women!

    During all those tumultuous, controversial, and bloody conflicts, many prolific WHITE-MALE state and federal politicians had learned and implemented precedents set in previous successful political maneuvers, rhetoric, and diversionary tactics! The same is done today; different year or decade, same magic show.

    tRump’s advisers must teach him this basic history because Donnie doesn’t have the IQ to grasp it or how the distant past works today. Therefore remember, all magic, glitter & sparkle, or smoke-screens are based upon diverting your attention. It bears remembering those intentional diversionary tactics and their real motives—going back to before our nation’s independence—are no different than they are today. Americans with even an average intelligence and good amount of critical-thinking SHOULD BE insulted by a President who thinks over 50% of them are stupid, among other slurs tRump is on record for slinging freely.

    Like

  3. Has anyone noticed the plunges around the world in stock markets due (at least partly) to the uncertainty about the economic and negative impacts arising from interference in the supply chain from various countries’ knee-jerk reaction to the virus? In other words, the stock markets are being affected by public uncertainty and fear.

    So.

    Being of generous spirit, I think Trump was and is certainly smart enough to know that his role should include an aspect of showing economic concern for the US (US first is the over-arching domestic policy) regarding this pandemic and trying to calm the waters. After all, if there is one thing Trump’s presidency has succeeded at doing, it’s making a stronger US economy. This is a fact…. regardless of any other considerations or judgments one wishes to have about this presidency and so it would be even worse if the President did not address this rising issue. After all, we’re not talking about an epidemic with a high fatality rate (as mass media tends to portray it) but a pandemic of a low level flu that has an elevated fatality rate when compared with other similar flues. I believe the fatality rate is around 2%, which is higher – but not all that much higher – than regular flues. That rate, of course, will be higher for countries that do not have strong health care systems already in place but for most northern used to a flu season the response should not be cause for stock market uncertainty. I think this was Trump’s intention, to remind people that almost everyone is going to survive this and businesses will not be of lower value because of it.

    Liked by 1 person

    • You can defend Trump all day, every day, in any which way you want. That’s totally your prerogative.

      But for me, it doesn’t change the fact that he’s a totally incompetent and lying leader that is NOT interested in anything except things that directly benefit him. And that includes saying and doing whatever he believes will reinforce his position/stance in the eyes of his devoted followers.

      Like

      • Nan, I’m not trying to defend Trump; I’m trying to introduce even a tiny whiff of consideration beyond fully engulfing damnation of any and all things Trump. There are good reasons, important reasons, responsible reasons to do so.

        That millions upon millions of your compatriots voted for this man (and continue to support his presidency) indicates to me that nothing but complete and utter derision and condemnation at all times (as I see going on here) fails on two major fronts: 1) to account for his presidency accurately (no, not all Trump voters are stupid or deluded so why did they really vote for him… which would then allow liberals to plan, address, and rectify these reasons in the Democratic candidate’s platform) and 2) show any kind of reasonable balanced criticism of it; instead, it shows a kind of indoctrination and adherence to an anti-Trump theology where the introduction of something mitigating – even facts – is automatically viewed in the harshest possible light and condemned outright for a kind of blasphemy.

        Gee, I wonder why finding the vast center of voters is a problem using this tactics?

        Look, in a fair comparison with the Obama administration, how many people know that Trump has succeeded in many cases where Obama failed – especially in all kinds of trade talks, in foreign policy advances, in getting other countries to do more than they did previous to Trump? Does recognizing these facts automatically mean that anyone who dares utter this blasphemy is therefore and by definition a Trump supporter or apologist?

        It is my contention that good arguments are usually more persuasive when they deal honestly with the opposition’s BEST arguments. That means in this case recognizing that it’s not all one-sided when it comes to Trump. He really has accomplished some things that are to the benefit of the US and the welfare of its citizens. This does not mean there are words and actions by Trump that are not to the detriment of the US and the welfare of its citizens nor does it mean that in any fair and honest comparison there is a balance of positive and negative effects. There isn’t. Respecting the facts means recognizing BOTH the positive and negative because BOTH are true. Refusing to consider both, refusing to do so – regardless of being pro- or anti-Trump – plays into exactly the conditions for increased partisanship and the kind of unforgiving environment needed to elect yet another (or the same) populist rather than liberal leader. I suspect that kind of position will solve nothing but make the divide even worse and fail to set the stage to make necessary corrections and provide support to the bones of the country.

        Like

        • OK, I’ll concede that he’s done some good things. But I guess, for me, the bad outweighs the good. And perhaps, as well, the good things you mentioned are on a much larger scale (e.g., for the country) whereas the bad things he’s done are affecting people’s lives.

          Like putting immigrants in cages. And separating parents from children. And denying medical care and common, everyday necessities.

          And let’s not forget his lies. How can anyone trust this person when he says one thing on Monday and by Thursday he’s changed his mind and denies he ever made the first statement?

          Perhaps my humanistic nature dominates and blurs my vision towards his more economic and material accomplishments …

          Like

          • The country has to come together. Finding some agreement – especially through reasoned conversation – with those whose views and/or opinions we strongly disagree with comes with this territory. I think there’s only benefit to be found by admitting some positives when these can be supported by facts yet on the whole do not balance the scales but tip it strongly in favour of other just-as-legitimate facts of harm. And I think the Trump presidency is very harmful to the core values that should unite the vast majority of Americans. I feel this is an area where people can be brought across the partisan divide… but not until such strenuous partisanship is itself seen as deeply anti-American and illiberal no matter who espouses it or from what platform.

            What’s truly concerning to me is the number of people who are natural/classical liberals being driven by intolerance and vilification and censoring into a more welcoming camp of conservatives. This trend should be a wake-up call to anyone who wishes a populist like Trump should be soundly defeated at the polls. The Left’s house needs a good cleaning and what better product than the facts from reality – and showing respect for those facts – to rid the Democratic political wing of liberalism from today’s extreme illiberal ideology.

            Liked by 2 people

  4. Middle-class incomes grew at a rate of 2.7 percent from 2016 through 2018, compared to a 5.8 percent growth rate from 2014 through 2016 when accounting for inflation. […]

    Trump has claimed that real median household income growth during his presidency vastly exceeds growth under the Obama presidency, an assertion that relied on research from Heritage Foundation fellow Stephen Moore, a former Trump campaign advisor.

    https://www.newsweek.com/income-growth-slowed-across-us-under-donald-trump-1488871

    I found this 2/25/2020 Newsweek article revealing and wanted to share it here. As we all know, just like car salesmen and their dealers anyone can spin, juggle, and hype up numbers, deals, and “savings” to sound and look like the best thing since sliced bread. But the more comprehensive the analysis and more diverse the sources, the more truth comes out in the wash, right? 😉 However, the article’s writer does offer some balanced perspective too:

    Whether the trend of slowing household income growth has continued through 2019 and into 2020 is unclear. Unemployment, now at 3.6 percent, has been at a historic low while the stock market surged last year. A February Brookings Institute report predicts that the Census will document stronger household income growth for 2019. The Census will release its 2019 household income data in September.

    Like

  5. i can’t look at the man, I cannot listen to his reams of minsinformation that news people and pundits have to put back together, like a distorted jigsaw puzzle. And about misinformation: it has been clearly shown that the Electoral College was monkeyed with, and the popular vote elected Mrs. Clinton handily. We did not elect Trump, Russia did. sadly.

    Liked by 1 person

    • And under the current regime, Russia may have its way once again …

      Naturally, my “hopes and prayers” will prevent this from happening. Unfortunately, such actions often tend to be ineffective so I will probably have to look into some other method. 😉

      Like

Don't Be Shy -- Tell Us What You Think!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.