Daily Kos’ Kerry Eleveld reported on Part I of this outrage earlier today. In sum, Republican Sen. Richard Burr, chair of the Senate Intelligence Committee, warned a group of wealthy insiders that the coronavirus would be a big, serious deal — even as Donald Trump was downplaying the danger at every turn. Well, it gets worse….
Category: DowJones
Behold! The worst-aging tweet in the history of tweets!
This was Donald Trump on Saturday, pumping up a stock market that’s dropping faster than Americans’ jaws every time his poor man’s Mayor McCheese head shows up on their teevee screens: BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY! — Donald J. Trump (@realDonaldTrump) March 14, 2020 That tweet came following the market action on Friday, when the…
As wheels come off the country, Trump tweets, 'BIGGEST STOCK MARKET RISE IN HISTORY!'
First of all, you’d have to have a head full of sawdust to buy into this market right now. Secondly, the only reason the stock market rose by nearly 2,000 points yesterday is that it fell by more the previous day after getting pummeled half to death all week. In fact, on Thursday, the Dow…
Protecting Trump now, Limbaugh and Kudlow blamed Obama for 2008 bear market
Furious over the Dow’s 1,900 point plunge over the past three days, President Trump held a press conference Wednesday to try to calm markets. Echoing the comments of his National Economic Council Director Larry Kudlow that “we have contained” Coronavirus and the American economy is “holding up nicely,” Trump declared the pandemic risk to Americans…
Trump blames Monday's and Tuesday's big stock market slide on Tuesday night's Democratic debate
Donny Trump has come unstuck in time … (Second tweet): x Trump again absurdly blames a stock market slide that mostly happened Monday on a Democratic debate that took place Tuesday night pic.twitter.com/TtRcU9moLZ— Aaron Rupar (@atrupar) February 27, 2020 < p class=”is-empty-p”> REPORTER: You mentioned the stock market earlier, to go back to that. To be…
Ted Lieu: Dow is plummeting due to coronavirus, so why is Trump proposing deep cuts to the CDC?
It’s pretty much a given that Donald Trump cares more about his reelection and his wealthy cronies’ stock portfolios than he does dying Chinese, Italian, and Iranian people, so maybe the fact that the Dow is plunging (down nearly 1,000 points as of this writing) will finally get his attention. Or maybe not. Among those who…
The pathetically weak Trump stock market in three easy-to-read charts
Well, it’s weak compared to the stock market returns under the Kenyan socialist America-hating usurper Barack Obama, anyway. Lots of caveats go with this, of course. The stock market is a pretty poor metric of real economic prosperity, as most of its gains go to the already wealthy — and millions of Americans own no equities…
Stock market dips on some worrying economic data, Trumpian unforced errors
So this happened today: Given the volatility in the stock market of late, today’s 300-point pratfall isn’t all that noteworthy. But what’s a bit more concerning is the likely reason. While investor jitters over Donald Trump’s inane economic policies have made the market vacillate over the past year like a Home Depot paint mixer, this latest move may…
The Dow is almost certain to end the year in the red now
Trump promised a red wave this year, and it looks like he got it. Rivers of red ink are flooding Wall Street. The Dow closed at 22,445.37 today, ending a terrible week, month, and year for stocks — and, frankly, it’s hard to see a bottom. Unless you’re talking about this, of course: See? This…
The Dow is off more than 1,000 points from this time last year
It’s important to remember that the stock market is not the economy. That said, for two straight years Donald Trump suggested that all he has to do is wave his magic mushroom and the Dow and other stock indices will dutifully respond with record-breaking results. But ever since Tariff Man — whose secret identity, Gnawed Haggis…
Dow drops nearly 800 points after Trump calls himself 'Tariff Man'
Early this morning, Donald Trump tweeted some homespun wisdom: The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina. Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro….. —…
Goldman Sachs predicts big slowdown in GDP growth prior to 2020 elections
As I write this, the Dow is sliding faster than creamy ranch McNugget sauce down Donald Trump’s moobs at a Mar-a-Lago sauna. And now, one of the world’s most closely followed financial prognosticators, Goldman Sachs (yes, the vampire squid itself), is predicting a significant slowdown in U.S. GDP growth for the coming year. From CNBC:…
The 'we told you so' president
As 2017 draws to a close, President Donald Trump and his amen corner are bragging about his “year of solid policy accomplishments.” Despite approval ratings only slightly higher than the Ebola virus, Trump took to Twitter to soak up praise from Maria Bartiromo, who gushed that “Year One has been excellent from an economic standpoint.”…
