Countdown 89 days TRUMP’S CHINA CONUNRUM For the last 3 1/2 years Trump has had the whole gamut of relations with Xi the Chinese President. The policies Trump has pursued have been hap-hazard and counter-productive in most cases. China has eaten his breakfast, lunch, and dinner in his efforts with tariffs. Trump worked hard initially with Xi, charming him with his walk through the gilded Mar-a Lago resort, and when Trump was in Beijing he posed photos with…
Countdown 90 days JUST THE FACTS Trump remains a fundamental threat to the public health of the American citizens with his rhetoric, which counters science and medical experts. His continued use of observations by individuals that confirm his suspicions and feelings make it impossible to promote actual science and facts. Take Hydroxychloroquine, there have been 3 double blind studies on the drug and each have come to the same conclusion that there is no relationship between the drug and…
Countdown 91 Days DID YOU KNOW? Below is a summary of the Trump interview as shown in an article in the Washington Post, and Trump’s nominee for Under Secretary of Defense. IN A NEW INTERVIEW, TRUMP AGAIN SHOWS THAT HE’S PUTIN’S PUPPET July 29, 2020 Opinion/Facts So Jonathan Swan of Axios did what Chris Wallace of Fox News did not do in an otherwise admirable interview with President Trump: He asked about the reports of Russia placing bounties on the heads of…
Countdown 92 days TODAY’S THOUGHTS The Fed is making a request to ease the capital requirements for Banks. What could go wrong? I keep thinking déjà vu with the Republicans wanting to include legislation that would loosen the 10-year-old Dodd-Frank restrictions that provide the banks a cushion in case of a significant downturn, which is now imminent. The banks and the Fed claim they need the change to handle the influx of customer deposits as a result of the crisis….
OUTLOOK AND OPINION The largest single loss of GDP occurred in the 3 months Apr-Jun, 2020. The virus wiped out 5 years of economic growth. At the same time the Fed and Trump has touted a V shaped recovery in the economy. Thus far the economy since March has only recovered by 45% from the low point. The remaining 55% will be the hardest. Economists predict that the economy will not fully recover to 2019 levels prior to 2022. We…
Countdown 94 Days IT’S NOT THE ECONOMY STUPID I’ll give Steve Mnunchin Secretary of the Treasury and Jerome Powell Chair of the Federal Reserve an A for their efforts to keep the stock markets riding high. I’ll give them an F for handling the economy. The Stock Market is not any indication of the health of the economy. It never has and never will be. For those like President Trump that are confused, let me explain. The markets, DOW and…
Countdown 95 days WRITERS BLOCK and RECOVERY I have attempted daily to write about the current presidential clown show with no lack of ammunition. For 5 months I have seen the mis-direction, miss-information, conspiracy theories, and lies spewing from his rhetoric and in Trump’s tweets. His message is always divisive and some meant to re-direct the conversation to his antics to cover for other more important news of the day. Thus far there has been no shortage of his lunacy. …
Countdown 96 days DUMBING DOWN AMERICA Social media platforms appears to be the primary tool for the Republican Party. The party of stupid (POS) embraces conspiracy theories and discounts both science and medicine. Social media is the source of talking points, propaganda and fake news and fake science and medicine. The second source of dis-information for the Republican Party is the right wing radio and Fox noise, propaganda and conspiracy theory channel. This is where Trump shines at the disinformation…
Countdown 97 days FED’S NEXT MOVE? In mid-March when markets crashed the Federal Reserve met to develop a strategy to avoid a total meltdown of the financial markets. The normal Fed tool used to stimulate the economy is a lowering of the prime interest rate. This tool had already been exploited by Trump demanding the Fed lower the rate during a good economy in 2018. Trump used this as a tool to continue to stimulate the economy. Lessons had been…
WHO ARE YOU TRYING TO KILL? The European Union has managed to coral the virus and is about to open their borders on Aug 1, without having to quarantine for two weeks. The EU has threatened not to allow any travelers from the United States. In a LA times article this week, Thomas Jaeger a political scientist at Cologne University said, “People are completely shocked by the way the United States has mishandled the crisis. The one nation they thought…