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Briefly: Stocks Are in Freefall and the President is Not Handling It Well

By Dustin Rowles | Politics | March 9, 2020 |

By Dustin Rowles | Politics | March 9, 2020 |


Because of Coronavirus fears and a price war over oil between Russia and Saudi Arabia this morning, the U.S. stock market cratered so hard in the opening minutes that Wall Street had to shut down trading temporarily. It’s back, and last I looked, the Dow was down about 7 percent on top of the already huge losses in recent weeks.

Things are not looking great for the stock market, which is obviously going to be affected by some events outside of the President’s control. He is not responsible for the pissing match between Russia and Saudi Arabia, and he’s not responsible for the worldwide Coronavirus outbreak, although he is responsible for the poor response to it in the United States.

In any respect, because Trump puts so much of the value of his Presidency in the stock market, he’s spending the morning watching cable news and freaking the hell out as it plummets, and along with it, perhaps, the only real selling point he had for his reelection effort: A strong economy.

We’ll see how this all shakes out in the coming months, but it’s in times like these when many of us really did appreciate President Obama’s, “Everyone chill the f**k out, I got this!” attitude. Compare that to our current White House occupant, who is trying to blame the crash on everyone else, except himself, up to and including the Obama Administration.

You might be able to gaslight your Fox News audience into believing certain things that aren’t true, but you cannot change reality on Twitter, Donald Trump.

Dustin is the founder and co-owner of Pajiba. You may email him here, follow him on Twitter, or listen to his weekly TV podcast, Podjiba.

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