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WTF did Trump do to the stock market?

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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #15 on: March 14, 2020, 12:43:02 PM »
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?

Do you prefer prefer a socialist dictatorship or predatory capitalism? Because those are obviously the only possible choices. 
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alum74

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Re: WTF did Trump do to the stock market?
« Reply #16 on: March 14, 2020, 01:05:54 PM »
Quote from: Custard on March 14, 2020, 01:40:29 AM
Quote from: alum74 on March 14, 2020, 12:10:29 AM
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?

Right now, I’d settle for a competent and consistent response to the coronavirus outbreak from Trump.

I’ve often read that ones expectations drive ones anger and frustration. If that’s true, then expecting Donald Trump to act competent and consistent has to be some form of sick masochism. Same goes for nichi. What are you guys doing with your lives? 🤔😂🤔

What am I doing with my life?   Right now, I'm following some of the "social distancing" steps for the coronavirus outbreak recommended by public health officials.  My wife is in one of the "high risk" categories" for the illness.  It's not end of the world stuff and we're adjusting just fine.

So yes, I do expect some competence and consistency from Trump and his administration in dealing with a pandemic.  Many lives are at risk across the country.

And guess what?  My sick, masochistic expectations have been answered.   Trump recently declared a national emergency that freed up federal resources to combat the virus.  He also green-lighted Steven Mnuchin to negotiate a coronavirus relief package with Nancy Pelosi that passed the House of Representatives late last night.

Now it sounds like you're a book-learning kind of guy.   I know I won't be able to sneak anything passed you when it comes to understanding complicated psychological things like expectations, frustration and anger.    So I want to reassure you that I'm not expecting 100% effort from Trump in dealing with the coronavirus outbreak. 

I know he'll continue to deny, distract and act dumb at times.  But at least we've moved on from the "we have it totally under control" and "it's going to be just fine" phase.
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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #17 on: March 14, 2020, 01:57:44 PM »
Quote from: alum74 on March 14, 2020, 01:05:54 PM

So yes, I do expect some competence and consistency from Trump and his administration in dealing with a pandemic.  Many lives are at risk across the country.

And guess what?  My sick, masochistic expectations have been answered.   Trump recently declared a national emergency that freed up federal resources to combat the virus.  He also green-lighted Steven Mnuchin to negotiate a coronavirus relief package with Nancy Pelosi that passed the House of Representatives late last night.

Now it sounds like you're a book-learning kind of guy.   I know I won't be able to sneak anything passed you when it comes to understanding complicated psychological things like expectations, frustration and anger.    So I want to reassure you that I'm not expecting 100% effort from Trump in dealing with the coronavirus outbreak. 

I know he'll continue to deny, distract and act dumb at times.  But at least we've moved on from the "we have it totally under control" and "it's going to be just fine" phase.

I suppose it's better late than never. He and his toadies are still blaming the Obama Admin for the initial sluggish response. Also, the 'flattening the curve /social distancing' appears to be happening at the state, local, and private levels in spite of a lack of federal direction. The big problem right now is a lack of test kits.  Meanwhile, the Trumpies still largely think the threat has been exaggerated by the media:

Trump’s line of argument that the virus doesn’t pose a significant risk was amplified by his political allies and his allies on Fox News. Recent polls suggest that it has been effective at convincing many Americans that the coronavirus isn’t something about which they should be concerned. Or, at least, it was effective at convincing many Republicans.  A poll conducted by SurveyMonkey for Axios found that more than half of Republicans see the threat posed by the coronavirus as exaggerated. Only 7 percent thought that the media underestimated the threat ...  
https://www.washingtonpost.com/politics/2020/03/11/trumps-efforts-downplay-risk-posed-by-coronavirus-has-worked-on-republicans/?fbclid=IwAR3lqr9GWRwJ1Yvi46L76afCG8pK4Nwj2RAtXrcUEQM-6PIznksyVUbUBKc&utm_campaign=wp_main&utm_medium=social&utm_source=twitter
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #18 on: March 14, 2020, 02:22:07 PM »
It’s going to go away in April.
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Lkdog

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Re: WTF did Trump do to the stock market?
« Reply #19 on: March 14, 2020, 02:25:29 PM »
This has been the biggest failure of response to a national emergency in modern times. Much worse than the Katrina fuck up or his racist Puerto Rico disaster.
Trump continues to lie and make false claims everyday. Yesterday it was Google would have website up to do prescreenign for testing and referral up soon and all of their engineers were working on it.
Google is doing nothing of the sort. He also then babbled incoherently twice he doesn't want people running out and get tested.

He is a complete incompetent narcissistic buffoon. I do think he has decompensated functional brain damage.

His lack of any valid economic measures have exacerbated a market crash ending an 11 year Bull market.
Yesterday he sent out a self congratulatory note to all of his supporters that he personally just created the biggest stock market increase in history by announcing a national emergency at 3:30 pm EST. This guy is a total complete asshole and failure in life.


« Last Edit: March 14, 2020, 02:59:20 PM by Lkdog »
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Lkdog

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Re: WTF did Trump do to the stock market?
« Reply #20 on: March 14, 2020, 02:27:35 PM »
Quote from: Custard on March 14, 2020, 02:22:07 PM
It’s going to go away in April.

I assume you are joking.


Worst-Case Estimates for U.S. Coronavirus Deaths

Projections based on C.D.C. scenarios show a potentially vast toll. But those numbers don’t account for interventions now underway.
https://www.nytimes.com/2020/03/13/us/coronavirus-deaths-estimate.html
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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #21 on: March 14, 2020, 02:30:04 PM »
January 22: “We have it totally under control. It’s one person coming in from China. It’s going to be just fine.”

February 2: “We pretty much shut it down coming in from China.”

February 24: “The Coronavirus is very much under control in the USA… Stock Market starting to look very good to me!”

February 25: “CDC and my Administration are doing a GREAT job of handling Coronavirus.”

February 25: “I think that's a problem that’s going to go away… They have studied it. They know very much. In fact, we’re very close to a vaccine.”

February 26: “The 15 (cases in the US) within a couple of days is going to be down to close to zero.”

February 26: “We're going very substantially down, not up.”

February 27: “One day it’s like a miracle, it will disappear.”

February 28: “We're ordering a lot of supplies. We're ordering a lot of, uh, elements that frankly we wouldn't be ordering unless it was something like this. But we're ordering a lot of different elements of medical.”

March 2: “You take a solid flu vaccine, you don't think that could have an impact, or much of an impact, on corona?”

March 2: “A lot of things are happening, a lot of very exciting things are happening and they’re happening very rapidly.”

March 4: “If we have thousands or hundreds of thousands of people that get better just by, you know, sitting around and even going to work — some of them go to work, but they get better.”

March 5: “I NEVER said people that are feeling sick should go to work.”

March 5: “The United States… has, as of now, only 129 cases… and 11 deaths. We are working very hard to keep these numbers as low as possible!”

March 6: “I think we’re doing a really good job in this country at keeping it down… a tremendous job at keeping it down.”

March 6: “Anybody right now, and yesterday, anybody that needs a test gets a test. They’re there. And the tests are beautiful…. the tests are all perfect like the letter was perfect. The transcription was perfect. Right? This was not as perfect as that but pretty good.”

March 6: “I like this stuff. I really get it. People are surprised that I understand it… Every one of these doctors said, ‘How do you know so much about this?’ Maybe I have a natural ability. Maybe I should have done that instead of running for president.”

March 6: “I don't need to have the numbers double because of one ship that wasn't our fault.”

March 8: “We have a perfectly coordinated and fine tuned plan at the White House for our attack on CoronaVirus.”

March 9: “This blindsided the world.”

March 13: “I don't take responsibility at all.”
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Lkdog

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Re: WTF did Trump do to the stock market?
« Reply #22 on: March 14, 2020, 02:35:29 PM »
Quote from: Custard on March 13, 2020, 11:23:01 PM
Can I see a show of hands for who would rather have Trump running healthcare than the private sector?


Nobody wants Trump in charge of anything except the uber rich,Wall Street scam artist corporations, Oil companies, the NRA, and uneducated easily fooled white redneck racist hillbillies with their guns (i.e. Indiana fans).
Unfortunately that represents about 40% of the population so the Republicans remain a threat each election.

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illiniray

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Re: WTF did Trump do to the stock market?
« Reply #23 on: March 14, 2020, 02:37:23 PM »
Quote from: Custard on March 14, 2020, 02:22:07 PM
It’s going to go away in April.

I'll act like you are serious.

"Since the epidemic [pandemic] is inevitable, the best strategy for coping with it is to flatten the curve—that is, to adopt measures that slow down the rate of infection. The number of people eventually infected will not necessarily be lower, but the goal is spread out the infections over time in order to avoid overtaxing the health care system with a flood of cases."

https://reason.com/2020/03/13/americans-act-to-flatten-the-coronavirus-epidemic-curve/?fbclid=IwAR3kY2LxzcjjJzkT1PwS9Pb_BzIrctqJhyQbNtNXhQdP5s-7JNRr3mzlN4o

Hopefully, this works well enough that people can say it was not a big deal after all.
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Lkdog

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Re: WTF did Trump do to the stock market?
« Reply #24 on: March 14, 2020, 02:40:03 PM »
« Last Edit: March 14, 2020, 02:42:24 PM by Lkdog »
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Lkdog

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Re: WTF did Trump do to the stock market?
« Reply #25 on: March 14, 2020, 02:47:12 PM »
Quote from: illiniray on March 14, 2020, 02:37:23 PM
Quote from: Custard on March 14, 2020, 02:22:07 PM
It’s going to go away in April.

I'll act like you are serious.

"Since the epidemic [pandemic] is inevitable, the best strategy for coping with it is to flatten the curve—that is, to adopt measures that slow down the rate of infection. The number of people eventually infected will not necessarily be lower, but the goal is spread out the infections over time in order to avoid overtaxing the health care system with a flood of cases."

https://reason.com/2020/03/13/americans-act-to-flatten-the-coronavirus-epidemic-curve/?fbclid=IwAR3kY2LxzcjjJzkT1PwS9Pb_BzIrctqJhyQbNtNXhQdP5s-7JNRr3mzlN4o

Hopefully, this works well enough that people can say it was not a big deal after all.

You are correct. This is what they have settled upon trying to do. We do not want to be rationing ventilators like Italy.
https://www.nytimes.com/2020/03/13/us/coronavirus-deaths-estimate.html

Worst-Case Estimates for U.S. Coronavirus Deaths

Projections based on C.D.C. scenarios show a potentially vast toll. But those numbers don’t account for interventions now underway.[/size][/i][/b]
And, the calculations based on the C.D.C.’s scenarios suggested, 2.4 million to 21 million people in the United States could require hospitalization, potentially crushing the nation’s medical system, which has only about 925,000 staffed hospital beds.
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ILLove1997

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Re: WTF did Trump do to the stock market?
« Reply #26 on: March 14, 2020, 03:09:07 PM »
Quote from: Lkdog on March 14, 2020, 02:40:03 PM
PANDUMBIC

https://twitter.com/thedailyshow/status/1237519854204342273?s=21

never let a crisis go to waste!

And while the Fed's response to this has been pretty fucking awful, politicizing a national emergency isn't cool either.  We need to work together to fight this as shit is about to be bad for just about everyone going forward.  If you aren't sick, your job security has probably vanished.  Even if you're rich, the stock market is going to continue to take it in the ass for a while.  This just plain sucks ass and I really fucking hope its gone by April, but cases are exploding right now in the US and all over the world.  Not good!
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Lkdog

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Re: WTF did Trump do to the stock market?
« Reply #27 on: March 15, 2020, 01:32:50 AM »
Yes, it is going to get worse, likely much worse before it gets better.
Nobody knows exactly but look at Europe and you get the idea what we will look like very soon.
We had less than 1000 cases on Thursday and 35 or so deaths. We have 2800 today and have nearly doubled the deaths. My guess is 8-10,000 cases by next weekend as we start to make tests finally more available.
And there is no vaccine in sight until 2021 summer.

I am heavily involved in the healthcare and Beh Health field in Illinois. They are going to start using Mental Health Beds at State Hospitals for the anticipated influx of cases they are expecting from COVID-19 and turning away mental health patients to other places.
I have been working on response plans to keep families and elderly and my social workers safe for weeks with basically zero resources and guidance.
My own mother is locked in a Nursing home and we have to see her now from outside her window as there has been zero access for two weeks.

I am sorry to politicize this, but Trump and his Admin have made this much worse for the states and communities and all of us with the completely failed, ignorant, late and dangerous response. We had cases here in January.

The House worked 24/7 and passed a bill last night. Credit to Mnuchin for helping.  But McConnell took a three day weekend during a world pandemic. Will not even look at it until late Monday for a vote, if then.
The Surgeon General moron toady instead lectures people and Ben fcking Carson tells people to pray.
Trump plays golf, eats KFC, and cries about Obama and wonders why people think he is an asshole.

It is failed leadership every day still and we are all paying, so, yeah, fuck them.
By the time you read this tomorrow we will have 3000+ cases and over 60 deaths.

DUMBFUCKERY

https://twitter.com/minhtngo/status/1238680076088033282?s=21


 


« Last Edit: March 15, 2020, 01:34:43 AM by Lkdog »
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #28 on: March 15, 2020, 01:51:47 AM »
I’m no expert and I respect all opinions here but I’ll be very surprised if it’s anywhere near that bad. Flattening the infection curve by taking some pretty extreme measures should allow medical services to keep pace.

I am curious though what we should have been doing back in January?
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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #29 on: March 15, 2020, 10:40:04 AM »
Quote from: Custard on March 15, 2020, 01:51:47 AM
I’m no expert and I respect all opinions here but I’ll be very surprised if it’s anywhere near that bad. Flattening the infection curve by taking some pretty extreme measures should allow medical services to keep pace.

I am curious though what we should have been doing back in January?

Not dismissing this as simply the flu would have been a good start.
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