Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"Flying the Airplane is More Important than Radioing Your Plight
to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"Everything is easy if somebody else is the one doing it." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Monday, March 16, 2020

Trump: We Have This Under Tremendous Control

"This is a very contagious virus, it's incredible, but it's something that we have tremendous control over."
Right. Trump sounds like Cadet Diller in Animal House:

President Donald Trump urged Americans not to hoard food on Sunday during a White House press conference that came just minutes after the Federal Reserve announced new steps to shield the U.S. economy from the effects of the coronavirus pandemic.

“You don’t have to buy so much,” Trump said. “Take it easy. Relax.”
Don't be surprised if the stores this afternoon look as though the locusts have descended, if they don't already. Everyone who isn't on Fox News knows that Trump has been lying every step of the way during this pandemic. If Trump was a doctor and told you that you were doing well, you would be smart to buy a funeral plot.

Here's another point illustrating that nobody trusts the Trump Administration:
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.
“It makes me very happy and I want to congratulate the Federal Reserve,” Trump said. “I think that people in the market should be very thrilled.”
And the reaction:
Stock futures were down sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.

Dow Jones Industrial Average futures were off by more than 1,000 points, triggering the limit down level. S&P 500 and Nasdaq 100 futures were also at their downside limits.
(emphasis added)

We are in a situation where the country, if not the world, would normally expect transparency and honesty from the President of the United States. Trump can deliver neither. Nobody trusts him and he just keeps on lying and bullshitting along.

We are so screwed.
An update on an earlier story: The hand-sanitizer hoarders donated their stash under threat of being prosecuted in Tennessee and Kentucky for price-gouging. Yes, it's illegal in most states to engage in price-gouging during an emergency.

No comments: