[ April 15, 2024 ]
Democrats are dancing naked ’round the maypole. Mission accomplished, on the backs of every American.
This will have to last months, not weeks, to modulate the rate at which a critical mass of 330 million get infected and acquire natural immunity. Will people put up with it once they realize they are still expected to get the virus? Wouldn’t it make more sense to pour resources into isolating the vulnerable rather than isolating everyone? Basically aren’t we really just praying that summer will naturally suppress transmission and get us off the hook of an untenable policy? (WSJ)
The Dow just lost all of its gains since President Trump took office
By Noah Manskar, NY Post, March 18, 2020
Story continues below advertisementThe Dow has finally lost all the gains it amassed since President Trump took office more than three years ago, sinking on Wednesday as fears about the coronavirus kneecapping the economy maintained their grip on Wall Street.
The Dow Jones industrial average plunged 1,428.48 points, or 6.7 percent, to an intraday low of 19,808.90 — below the blue-chip index’s close of 19,827.25 on Jan. 20, 2017, the day of Trump’s inauguration. The S&P 500 and the Nasdaq composite similarly sank 6.2 and 5.9 percent, respectively, after the opening bell.
Stocks had surged Tuesday as the Trump administration pushed for a coronavirus spending package that could grow to more than $1 trillion. But those hopes appeared to fade Wednesday as the number of cases worldwide surpassed 200,000 and millions of people remained shut in their homes.
“Economic activity will be significantly suppressed as long as social distancing measures are in place,” said David Bahnsen, chief investment officer at The Bahnsen Group. “I don’t know when the stock market will discount the future in a positive way and I don’t know when the future itself will become positive.”
The coronavirus crisis has raised fears about the global economy entering a recession, given that measures taken to slow its spread have dampened consumer spending, forced some businesses to close and greatly reduced travel around the world.
The panic reached a fever pitch on Wall Street early this week, leading the Dow to shed nearly 3,000 points on Monday and drop below 20,000 for the first time in three years Tuesday morning.
The White House this week proposed aggressive measures to shore up the US economy, including cash payments to struggling Americans, deferrals for tax payments and direct aid to pandemic-battered industries such as airlines. Those would complement the Federal Reserve’s moves to slash interest rates to near zero and restart its bond-buying program known as quantitative easing.
But it’s unclear how quickly Congress will pass a stimulus package and unlikely that the virus will abate as lawmakers negotiate over what steps to take.
“The crisis is not over,” Brad McMillan, chief investment officer at the Commonwealth Financial Network, wrote in a Tuesday commentary. “We can certainly expect the headlines to keep screaming and even get worse over the next couple of weeks, which could keep markets turbulent.”
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18 Comments
4 years ago
That Will Fix It: Iran issues postage stamp to honor coronavirus medical victims
“President Hassan Rouhani unveiled a postage stamp honoring the medical workers who died fighting the coronavirus epidemic, while the regime is accused by medics of gross negligence and a cover-up in dealing with the covid-19 crisis.”
https://www.debka.com/mivzak/iran-issues-postage-stamp-to-honor-coronavirus-medical-victims/
4 years ago
Reply to
DemocracyRules
I want to see a camel donating pee and a cow donating milk as the cure for the Chinese virus. It’s just another way of venerating fake Mohammad.
4 years ago
The Press:
*Why do you keep calling it the China Virus?
*Why does it take soooo long to get them?
*Are we there yet???
4 years ago
Reply to
Chris Wolf
The editor of the Epoch Times wrote and asked that the virus be named the CCP Virus so as to accurately identify its source and spread.
4 years ago
Within a few weeks mayby a few months the stock market will be back. The Dems will be crying, Joe won’t have anything to talk about it will be business as usual.
4 years ago
#RecessionHappyHollywood
#RecessionHappyDNC
4 years ago
Libs would sacrifice their firstborn if they could get rid of Trump. They are hate filled, sick people.
4 years ago
As with any contagious disease, some will be asymptomatic CARRIERS and pass it along, so ALL must cooperate to end it. People don’t seem to care about other people. Just look at the IDIOTS in Florida celebrating spring break. They could care less. All they want to do is drink, drug up, have sex with anyone available and trash the beach. They could care less they could be spreading it to old people or those with compromised health.
They are also finding out that it can affect children and sweet babies too!
Some children with coronavirus develop serious illnesses, study finds
By Vandana Rambaran | Fox News 3/18/20
Babies and preschoolers are at particularly high risk for developing serious symptoms when infected with coronavirus, a new study published online in the journal Pediatrics revealed Wednesday.
Although the percentage of severe cases in children are very small — nearly 6 percent of the 2,143 cases of children under 18 years old that were reviewed — those who developed serious illnesses experienced dire respiratory problems.
…
https://www.foxnews.com/health/children-coronavirus-serious-illnesses
4 years ago
News Flash. Most Americans know the decline is NOT Trumps fault. Do the Dim’s think all people are that mentally lazy?
4 years ago
The Dems will drag it out as long as possible in order to inflict the maximum amount of pain to Americans, to punish them for voting for Trump. That’s how the party of slavery, Jim Crow, the KKK, and racial segregation rolls. They thrive on the pain of others.
4 years ago
How best to state it using a familiar phrase? “What goes up must come down” or “For every action their is an equal and opposite reaction.”?
In the final analysis, this current complication will not last because “The sun comes up tomorrow. ”
Either way, there are 90 million Chinese who don’t give a sh*t.
4 years ago
The one thing I have not seen anyone anywhere address is that the filthiest thing we all handle on a daily basis is cash money.
Who last touched that $20 bill you are carrying? Someone with AIDS? Some snotty nosed brat showing all the symptoms?
When was the last time someone used a disinfectant wipe on that ATM you have been using to avoid human contact?
4 years ago
The Demorats are pure scumbags and I approve of this message.
4 years ago
Doesn’t matter Trump will still be reelected in November!!!! KAG Trump 2020!!!
4 years ago
tricky hilly,wasserman -schultz,noncy pukosi,funklestein – the image of all of them in their birthday suits is enough to make me want to abstain – forever –
