We deserve a president who cares whether his fellow Americans live or die.— Hillary Clinton (@HillaryClinton) September 14, 2020
...in Trump's U.S.A.
“It’s tough times,” Woodward said. “The virus, as you repeatedly told me and as you’ve said publicly, it’s derailed things, and it’s a — it’s a big reality in people’s lives, as you know.”We knew this, didn't we?
“You know, the market is coming back very strong,” Trump replied immediately. “You do know that?”
Later in the conversation, Trump told Woodward that “nothing more could have been done” about the virus, and he insisted that he “acted early.”
Trump then asked Woodward if he really believed that “the virus totally supercedes the economy” as this year’s top election issue, and Woodward replied that it did because the two were directly tied together.
“A little bit,” Trump said.
“A little bit?!” Woodward asked incredulously.
“I mean, more than a little bit,” Trump conceded. “But the economy is doing… we’re close to a new stock market record!”
It's the money that matters, but only certain people's money. No one seems to mention the extraordinary actions of the Fed to juice the market. Last I saw was the Fed buying up 1.25 trillion dollars of corporate bonds. Yeah, trillion. A quick look says the Fed ballance sheet is now 7 trillion, they have said they will buy stocks (are they now, no one will say) and Mnuchin has said he will do absolutely anything to keep the market up. It's great for those extremely wealthy that own the vast majority of financial assets. It won't turn out to be so great for the rest of us when reality eventually reasserts itself and all this comes due.
ReplyDeleteSo the fake economic indicator is being faked out?
ReplyDeleteFigures.