Author Topic: The first real crises of Trumpís presidency  (Read 1615 times)

Chan

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The first real crises of Trumpís presidency
« on: February 28, 2020, 07:35:36 AM »
The lack of preparation for the arrival of a pandemic, further agitated by an administration that favors loyalists over qualified professionals, has left the US in a particularly vulnerable position.  The recent whistle blower account of the initial handling described a careless protocol that hastened the arrival of the virus.  The current testing standards allowed for a general population outbreak. 
Financial losses are being exacerbated by the lack of trust in the President.  Trump, a serial liar, can not assuage fears or inform the public at this critical time.  An anti-science, alternative facts administration has little ammunition to sooth markets or calm pandemic panic.  Even Trump supporters donít trust the commander in chief to provide reliable emergency information.  This type of event was warned about by many an ex Trump staffer-and sadly, now itís here.   

Dwight (DW)

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Re: The first real crises of Trumpís presidency
« Reply #1 on: February 28, 2020, 07:40:55 AM »
Well said!

Rider

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Re: The first real crises of Trumpís presidency
« Reply #2 on: February 28, 2020, 07:50:17 AM »
Oh great....Just one more reason to never come back to this fukked up site.

PonoBill

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Re: The first real crises of Trumpís presidency
« Reply #3 on: February 28, 2020, 10:40:03 AM »
It's a bizarre situation. The world has become less global politically, despite the fact that we face a lot of issues that demand global solutions. Seems like the human race is more than a little bit suicidal. Or just too dumb to survive.
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Night Wing

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Re: The first real crises of Trumpís presidency
« Reply #4 on: February 28, 2020, 12:57:44 PM »
The lack of preparation for the arrival of a pandemic, further agitated by an administration that favors loyalists over qualified professionals, has left the US in a particularly vulnerable position.  The recent whistle blower account of the initial handling described a careless protocol that hastened the arrival of the virus.  The current testing standards allowed for a general population outbreak. 
Financial losses are being exacerbated by the lack of trust in the President.  Trump, a serial liar, can not assuage fears or inform the public at this critical time.  An anti-science, alternative facts administration has little ammunition to sooth markets or calm pandemic panic.  Even Trump supporters donít trust the commander in chief to provide reliable emergency information.  This type of event was warned about by many an ex Trump staffer-and sadly, now itís here.

I think you are being highly melodramatic. How about some details on history for a starter?

It is true VP Pence was picked by Trump to lead the response to the Caronavirus. Does VP Pence have any medical knowledge? No, he doesn't.

But what is good for the goose is good for the gander which means:

Back in 2014, there was the Ebola outbreak scare in the US. At that time president Obama picked Ron Klain, a lawyer and political operative, to lead the Ebola response in 2014. Did Klain have any medical knowledge? No, he didn't.

So how is this any different than what Obama did?

And the financial markets are not reacting to a lack of trust in Trump. They are reacting like they always do to "make a buck". China has more cases and more deaths caused by this virus than any other country on Earth. Investors are worried about the global economy since China is the second largest economy in the world and how it will affect trade on every country on Earth that does business with China. In other words, "their wallets".

As for the virus. A virus isn't political. It is a virus and does what it wants to so the outcome is; it is going to infect people and can't be "cured by any political rhetoric" coming from either republicans or democrats. To put it in perspective, right now there is no vaccine that cures this virus. If an effective vaccine is not found, then the virus will "run it's course" just like the "Black Death" (bubonic plague) did in Europe in medieval times.

But, you don't think Trump is doing enough about this virus? Fair enough. Now I'm going to assume you lean Democratic and favor lots of democratic policies like "open borders".

Hypothetically speaking, lets say a caravan of 4000 illegals travels to the US border from south and central america and 100 of them have this virus. Since California is a "sanctuary state", lets say California welcomes them with open arms. Then it a few weeks of time, thousands of people come down with virus in California and since viruses don't respect state lines, many people in the other lower 48 states get sick with this virus.

Would you blame Governor Newsome for his policy of making California a sanctuary state which allowed this virus to travel across the US from the west coast to the east coast, from the norther border with Canada to the southern border with Mexico infecting the entire US.............the same as you are blaming Trump right now?

Judging from your first post and your extreme hatred of Trump, I think you would "not" give Newsome any blame. And if this scenario did become Reality, I have a feeling, you'd blame Trump instead because you hate Trump.
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Bean

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Re: The first real crises of Trumpís presidency
« Reply #5 on: February 28, 2020, 01:38:48 PM »
If we can believe the statistics (or rather the underlying data), recovery rates are out-pacing the rate of new cases for the moment.  If the current trend continues, this will be a non-issue in three weeks.

In the meantime, I am (as I'm sure many of you are as well) taking a beating in the market.  But it's not just the Coronavirus, it's also the uncertainty of the election year (Bernie, the frontrunner, is not neccessarily good for the financial market), also fear of recession is creeping in, especially in light of what's happening in Europe.

southwesterly

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Re: The first real crises of Trumpís presidency
« Reply #6 on: February 28, 2020, 02:25:55 PM »
 I like that Pence is untainted by past medical, scientific, or epidemiological experience and can provide a fresh

 religion-based, ďI cast ye out, Demon!!Ē approach to the pandemic.
« Last Edit: February 28, 2020, 02:27:56 PM by southwesterly »

southwesterly

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Re: The first real crises of Trumpís presidency
« Reply #7 on: February 28, 2020, 02:49:49 PM »
Breaking news from the President of the United States:

"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 weíre ordering a lot of different elements of medical."

~ President Trump on the Coronavirus
« Last Edit: February 28, 2020, 02:51:31 PM by southwesterly »

surf4food

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Re: The first real crises of Trumpís presidency
« Reply #8 on: February 28, 2020, 04:36:28 PM »
As much as I hate Trump, the situation right now would be the same regardless of who is president.  And yeah as others have stated, the hysteria will calm down in a few weeks at most.

Thatspec

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Re: The first real crises of Trumpís presidency
« Reply #9 on: February 29, 2020, 02:25:29 AM »
Breaking news from the President of the United States:

"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 weíre ordering a lot of different elements of medical."

~ President Trump on the Coronavirus

 ;D ;D ;D
We should see the S&P up a solid 3% Monday then.
Never had any illusions Iíd get to keep any of that Monopoly money anyway  ::)

Bean

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Re: The first real crises of Trumpís presidency
« Reply #10 on: February 29, 2020, 04:36:59 AM »
Sure, on Friday, S&P recovered more than 3% from 10am to close down just under 1% for the day.

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Re: The first real crises of Trumpís presidency
« Reply #11 on: February 29, 2020, 04:47:08 AM »
The Supply disruption is real regardless of your politics.  The markets are going to be getting a steady stream of bad news.  That is coming.  How the markets react going forward is anyone's guess. 

The World Health Organization yesterday upgraded the outbreak to its ďhighest levelĒ of risk for the world, with the director-general warning it can go in "any direction".  This at the same time that Trump is reiterating his labeling of the virus a Hoax by Democrats.  That, along with his entirely insufficient preparation and reaction is hugely irresponsible and deserves full criticism. 

Bean

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Re: The first real crises of Trumpís presidency
« Reply #12 on: February 29, 2020, 07:23:06 AM »
Trump was clearly characterizing the politicization of the virus by the Dem's as a hoax...not labeling the virus itself a hoax. 

Supply disruption is an interesting issue (for instance) since many of the compounds and drugs that we use here in the US are actually sourced from China.  What will that market look like even after the CV subsides... 
« Last Edit: February 29, 2020, 07:26:54 AM by Bean »

Admin

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Re: The first real crises of Trumpís presidency
« Reply #13 on: February 29, 2020, 07:51:38 AM »
Trump was clearly characterizing the politicization of the virus by the Dem's as a hoax...not labeling the virus itself a hoax. 

Supply disruption is an interesting issue (for instance) since many of the compounds and drugs that we use here in the US are actually sourced from China.  What will that market look like even after the CV subsides...

That is a very generous take on it.  At the same time we have the WHO raising the threat level to their highest level and noting that this can go in any direction Trump is saying "the risk to the American people remains very low".  It is a bizzare choice.


Fishman

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Re: The first real crises of Trumpís presidency
« Reply #14 on: February 29, 2020, 08:07:24 AM »
The unknown sum impact of the CV disruption. Plus a election year, with the possibility of Bernie bomb! Add the wildcard possibilities of some bad Trump tweets.  That adds up to a lot uncertainty, for a market that is already overdue for a real correction. 

I wouldn't get my hopes up any real  market bounce before we head down some more. This could get Very Nasty IMO.

 The reality is the President has any real control over this kind of stuff.



« Last Edit: February 29, 2020, 09:04:07 AM by Fishman »
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