Skip to main content

Now Trump is blaming the inventory plunge on Dems' debate

President Donald Trump tried to pin this week’s inventory market slide in the face of a practicable coronavirus outbreak on Democrats. But the case he made to do that used to be nonsensical — even through his standards.
During a information convention on Wednesday that was meant to quell fears, Trump explained away the Dow Jones Industrial Average’s almost 2,000-point dip on Monday and Tuesday not first and most important by acknowledging fact — which is that buyers are spooked by using fears we’re amid the early degrees of a international pandemic — however via insisting that they’re spooked via the prospect of Bernie Sanders or Joe Biden becoming the next president.
“I suppose the financial markets are very upset when they appear at the Democrat candidates standing on that stage, making fools out of themselves, and they say, ‘If we ever have a president like this,’” Trump said, referring to the most current Democratic presidential debate held in South Carolina. “When they appear at the statements made by the human beings standing behind those podiums, I assume that has a large effect.”

But there’s a problem: The Democratic debate in query took location on Tuesday night, after American markets closed for the day. By then, the Dow had already endured two days of good sized losses — 1,032 factors on Monday and some other 879 factors on Tuesday. So Trump’s clarification for the market slide rests on a necessary misunderstanding of how time works.
If his claim about markets being spooked through the Democratic debate held water, you would’ve predicted the Dow to plummet once more on Wednesday. But it didn’t. It dropped just 122 points. There’s just no proof that Democrats are at fault.
Trump needs to escape duty
Trump’s clarification for the market slide might also have been absurd, but the factor used to be to reassure the American public that the broader coronavirus situation is below manage and that there’s no motive for panic in the markets or elsewhere.
But as Trump spoke on Wednesday, the Washington Post broke news of the first coronavirus case in the United States that doesn’t seem to be linked to tour to affected regions of the world or with known contact with anyone already infected with Covid-19, the sickness coronavirus causes. As my colleague Kelsey Piper wrote, that improvement “suggests the coronavirus can also now be spreading in the country, person-to-person — with this individual just the first to be symptomatic, are seeking for clinical care, and take a look at positive.”
Responding properly to such a public fitness crisis would be a venture for even the most able presidential administration, but as Vox’s Matthew Yglesias wrote, the Trump administration is in a uniquely awful position to reply to this one. The global economic system is absolutely picking up on the threat.
So there’s desirable cause to believe that the markets may also now not fully rebound anytime soon. There’s no longer a lot Trump can do about that, but it’s a trouble for him considering how a whole lot political capital he’s staked on the electricity of the Dow.

According to the Washington Post, privately, “Trump has emerge as livid about the inventory market’s slide” and “believes intense warnings from the Centers for Disease Control and Prevention have spooked investors.”
During his information convention on Wednesday, Trump praised the work of the CDC, however additionally said he is of the same opinion with conspiracy theories pushed with the aid of Rush Limbaugh and others who say the outbreak being weaponized in opposition to him.
Limbaugh, who was once granted the Presidential Medal of Freedom through Trump in the course of the State of the Union speech previously this month, has additionally in contrast Covid-19 to the common cold. While there’s a lot we don’t but be aware of about Covid-19, inclusive of its genuine morality rate, a recent paper from the clinical journal JAMA pegged it at 2.3 percent.
Standing next to Trump, Dr. Anne Schuchat, the main deputy director of the CDC, made certain to reward the “aggressive containment strategy” that Trump additionally touted, but additionally provided a greater sober assessment of the typical state of affairs than the president did.
“We do count on greater cases,” she said. “The trajectory of what we’re looking at over the weeks and months ahead is very uncertain.”


Popular Posts

Bobrisky and his lover in bed in a hotel room enjoying themselves (Watch Video)

  Nigerian Barbie doll, Bobrisky took to Snapchat to share a video of himself and his lover in bed at a hotel.   READ ALSO:  Man arrested for having s*x with chickens and his own dog, resulting in the death of 15 chickens READ ALSO:  White man Beaten up Mercilessly by a Black man after calling him a Monkey (Watch Video) READ ALSO:  Argentina legend Diego Maradona dies at age 60 READ ALSO:   Acting DG of NABDA arrested over alleged N400m fraud READ ALSO:  White man Beaten up Mercilessly by a Black man after calling him a Monkey (Watch Video) In the video, the man refused to reveal his face as the cross-dresser tried to introduce him to his fans on Snapchat.  WATCH THE VIDEO BELOW View this post on Instagram A post shared by Elizabethblog (@elizabethblogng)

White man Beaten up Mercilessly by a Black man after calling him a Monkey (Watch Video)

A white man was beaten by a black man after calling him a Monkey. It was recorded that this Inicident happened in South Africa. The white man was beaten without mercy by a petrol attendant last night for the racist attack. READ ALSO:  A thief set ablaze in Delta for snatching phone with toy gun (Pictures) READ ALSO:  Bride-To-Be Kidnapped Just Three Weeks To Her Wedding In Jigawa state, Nigeria He was being attacked by the fuel attendant and his colleagues. And he even tried to fight back at a point but was overpowered by the fuel attendants who used a stick and a whip on him for allegedly calling one of them a ‘Monkey.’ WATCH THE VIDEO BELOW View this post on Instagram A post shared by Lindaikejiblog (@lindaikejiblogofficial)

Lady cries out in pain after her boyfriend penetrated in the wrong hole (Watch Video)

An African lady  cried uncontrollably after her boyfriend allegedly penetrated the wrong hole during a bedroom fun. In a Tiktok video which went Viral on social medias, A lady was seen in the video as she was in a great pain fanning her private part which a book as she was heard saying her boyfriend penetrated in the wrong hole. READ MORE: Man wrestles with an alligator as he saves his puppy (Watch video) The Video was posted on Instagram. Watch Video below View this post on Instagram A post shared by HYPED YOUTHS FAN PAGE (@hypedyouths)

"Your mama ain't leaving any time soon" Bobrisky warns "upcoming wannabe Bobriskys" that they can't take his "throne"

Nigerian Barbie doll, Bobrisky warned all upcoming wanna be Bobriskys that who are hoping to come for his throne must work hard. He also warned all those who wants him to be out of his throne that he has no plans of giving up. He wrote: "No one sit on her throne. All dis upcoming wanna be Bobrisky be ready to work extremely hard to sit on dis throne cos ur mama ain’t leaving anytime soon. Still leading as no ONE in Africa." SEE HIS INSTAGRAM POSTS BELOW

31yr old Man rapes woman in vehicle after arranging to buy her underwear

A 31yr old Man (Luis Francisco Cruz) was arrested by the East Pennsboro Police after allegedly raping a woman who had arranged to sell him her underwear in a transaction on Facebook Marketplace. According to the Police, Luis Francisco Cruz, 31, is charged with rape, sexual assault, aggravated indecent assault, false imprisonment, and indecent assault. READ ALSO:  Covid-19: Do not travel home for the festivities – FG appeals to Nigerians READ ALSO: Gowon stole half of CBN – UK parliament member claims (WatchVideo) The victim reported the sexual assault on Oct. 24, but the incident occurred on June 12, according to the victim. According to police, the victim reported that Cruz contacted the victim on social media earlier this year, offering to buy her panties. The victim said she agreed to meet with him for the transaction because she had lost her job, but explicitly told him in her messages to him that there would be "no sex" involved, police say. When the victim m

A thief set ablaze in Delta for snatching phone with toy gun (Pictures)

According to the reports, A Thief was death and set ablaze by angry mobs in Idjerhe community, Ethiope West Local Government Area of Delta State on Tuesday morning, November 24. It was reported that the suspect, who was part of a two-man gang robbed a lady with a toy gun and snatched her mobile phone and undisclosed sum of money. READ ALSO:  Bride-To-Be Kidnapped Just Three Weeks To Her Wedding In Jigawa state, Nigeria READ ALSO:  Bobrisky and his lover in bed in a hotel room enjoying themselves (Watch Video) When the victim discovered that it was a toy gun, she raised the alarm and the suspected robbers fled. The alarm attracted the attention of the a mob in the area, who pursued the suspects. They caught one of them, beat him to death before setting his body ablaze. Spokesperson of the State Police Command, DSP Onome Onovwakpoyeya, confirmed the incident. SEE THE PICTURES BELOW

Nigerian Soldiers assault lady because she refused to greet them (Watch Video)

On Wednesday, November 25, A lady who is Identified as Olaide Oluwo has reposted on social media to demand Justice after she was beaten by Nigerian Army Personnel in Sangotedo, Lagos for not greeting them. READ ALSO:  White man Beaten up Mercilessly by a Black man after calling him a Monkey (Watch Video) According to a video shared online, Olaide said she was assaulted by the military personnel because she did not greet them READ HER STATEMENT BELOW ”This happened to me around 5pm. I did nothing to these people ..I didn’t even look at them until one of them flogged me ! I was walking and this guy insulted me ran after me and then flogged me with koboko! When people confronted them they said it’s cuz I didn’t greet them”   WATCH VIDEO BELOW — Luu ❤🕊 (@Lucy_Anaaa) November 25, 2020