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.
The Obama/Biden Administration is the most corrupt Administration in the history of our Country!— Donald J. Trump (@realDonaldTrump) March 9, 2020
So much FAKE NEWS!— Donald J. Trump (@realDonaldTrump) March 9, 2020
Good for the consumer, gasoline prices coming down!— Donald J. Trump (@realDonaldTrump) March 9, 2020
Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop!— Donald J. Trump (@realDonaldTrump) March 9, 2020
So last year 37,000 Americans died from the common Flu. It averages between 27,000 and 70,000 per year. Nothing is shut down, life & the economy go on. At this moment there are 546 confirmed cases of CoronaVirus, with 22 deaths. Think about that!— Donald J. Trump (@realDonaldTrump) March 9, 2020
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.
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