Facts: We have an extremely contagious global pandemic of SARS-CoV-2 that is forcing economies around the world to all but grind to a halt. Travel, tourism, dining out, movie theaters, schools… are emptied wherever this virus is taking a strong hold.
And we have a president in the US who is upset about it. Of course, most of us who see right through this jackass knows he is incapable of empathy, and everything comes down to him. His ego. And that’s where we’re at in the United States, folks.
The president is all upset because a real crisis during the election year risks making him look bad and lowering his chances of winning reelection. Once again, it’s all about Trump.
Business Insider reports:
Mark Wilson/Getty Images He’s since said to have pushed aides to hold off on predictions that could cause more market tremors. And Jared Kushner, Trump’s son in law, is among the advisors counseling him to downplay recent coronavirus developments in public, Instead, Trump attacked the media for “doing everything possible to make the Caronavirus look as bad as possible, including panicking markets” in .
Mounting fears of the coronavirus’s spread in the US triggered one of the sharpest market sell-offs in recent years.
The deep stock losses sparked alarm within the Trump administration and the president is reportedly furious the market tanked over the coronavirus.
The colliding assessments from public health officials and the White House threatens a pillar in President Trump’s case for re-election: the booming stock market.
The precipitous losses sparked alarm bells within the Trump administration, particularly the president himself. He is furious that the stock market has tanked over the coronavirus, the Washington Post reported. And he was enraged at the Centers for Disease Control and Prevention for issuing stark warnings that he believed frightened traders and investors.
He’s since said to have pushed aides to hold off on predictions that could cause more market tremors. And Jared Kushner, Trump’s son in law, is among the advisors counseling him to downplay recent coronavirus developments in public, one official told CNN. Instead, Trump attacked the media for “doing everything possible to make the Caronavirus look as bad as possible, including panicking markets” in a Wednesday tweet…
He tried blaming Democratic presidential candidates for a sharp drop that erased over $2 trillion in wealth and wasted no time predicting a market rally…
Konyndyk said the approach could precipitate “a rapid shock” in financial markets.
“You don’t want to look like you weren’t on top of things… If you’ve been saying for a month that this will be contained and it’s under control, then it doesn’t get priced in and then there’s a greater disruption when it does occur,” he said…
…. Larry Kudlow, the National Economic Council director, told the Post on Monday that investors should consider “buying these dips” and to “buy low.”
He later appeared on CNBC and said the coronavirus was “contained” and said it “was pretty close to being airtight.” …
The administration also came under fire from both Republicans and Democrats for contradictory statements and lax preparations for a public health emergency. Public health officials also warned Trump’s record of issuing misleading information posed…Click here to read the full story markets.businessinsider.com