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Winning...the economy under Trump

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7 hours ago, toomuchbaloney said:

Sometimes savings and budgeting skills don't matter when one interaction with our health system can cost you your job and financial security. 

Yes.  It kind of sad that in order to pay high co-pays and medical bills Americans are increasingly turning to "Gofundme".  I can't tell you how many friends and acquaintances have pages that I've contributed to for medical bills or for time missed from work due to illness.  It's sad.  

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13 hours ago, Tweety said:

Yes.  It kind of sad that in order to pay high co-pays and medical bills Americans are increasingly turning to "Gofundme".  I can't tell you how many friends and acquaintances have pages that I've contributed to for medical bills or for time missed from work due to illness.  It's sad.  

One thing about coronavirus, that I am hoping will bring much needed change, is the way it has highlighted the many deficiencies in our healthcare system.

And voters will have clear options in November, regarding who will do the better job to ensure all Americans have access to healthcare.

 

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7 hours ago, Lil Nel said:

It is an excellent time to buy supermarket stock.

The shelves of my local Kroger are nearly bare of essential items.

 

I just got back from the store and noticed that besides toilet paper things were decently stocked.  I did not look for hand sanitizer though.   They were out of tofu but not sure that is Covid-19 effect.  Ha

Bad news is the stock market had it's worst day since 2008, and we all know what happened in 2008.  Along with an oil crash.  These are not good times.

 

Edited by Tweety

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10 hours ago, Tweety said:

Bad news is the stock market had it's worst day since 2008, and we all know what happened in 2008.  Along with an oil crash.  These are not good times.

 

Yep! Been keeping a somewhat watchful eye on channel CNBC, which does almost real-time coverage of the NYSE. The drop in the stocks is quite remarkable. So, being the silly person that I can be sometimes, I decided to check my retirement fund. It's down by a bit more than $50,000 (!) from just a couple of weeks ago.

In the meanwhile. . . 

The Coronavirus, and the world's reaction to the Coronavirus, is taking its toll. It's interesting to see how many (of the European) countries are dealing with it in a relatively calm and organized manner. Others, not so much. The United States?? With Trump, and his total lack of effective and sane leadership with this situation, our country is in the "Not So Much" category.  He's putting the lives of American Citizens at risk with the remarks and decisions that he makes. Damn him! (Certainly, the US stock market isn't reacting favorably to Trump's "leadership". This is painfully evident. Hopefully it serves as a reality check for those who continue to support this dangerous fool.)

😠

Edited by Ted

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3 hours ago, Ted said:

Yep! Been keeping a somewhat watchful eye on channel CNBC, which does almost real-time coverage of the NYSE. The drop in the stocks is quite remarkable. So, being the silly person that I can be sometimes, I decided to check my retirement fund. It's down by a bit more than $50,000 (!) from just a couple of weeks ago.

In the meanwhile. . . 

The Coronavirus, and the world's reaction to the Coronavirus, is taking its toll. It's interesting to see how many (of the European) countries are dealing with it in a relatively calm and organized manner. Others, not so much. The United States?? With Trump, and his total lack of effective and sane leadership with this situation, our country is in the "Not So Much" category.  He's putting the lives of American Citizens at risk with the remarks and decisions that he makes. Damn him! (Certainly, the US stock market isn't reacting favorably to Trump's "leadership". This is painfully evident. Hopefully it serves as a reality check for those who continue to support this dangerous fool.)

😠

You outlined why it is important not to have a moron, like Trump, heading a crisis, Ted.

But from the poll numbers I noted on another thread, voters notice Trump's total incompetence.

He can't Tweet away his incompetence. It is on full display, 24/7.

 

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Trump tweeted a poll that showed he could beat both Biden and Sanders.  He also re-tweeted on of his loving followers argument about the wall.  He's going to use  Covid-19 fears to remind us to build the wall.  In the meantime where's the infrastructure spending he promised?  

https://news.yahoo.com/trump-didn-t-just-botch-102927216.html

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A couple of thoughts.  In an article above, it states one of the things liberals need to understand is federal stimulus does not help.  

The other though is the Trump administration is hinting at that, but of course through conservative means like spending and tax cuts.  

My final thought is how I remember so well the word "stimulus" was such a dirty word when Obama used the term and it was deemed to be the beginning of the end.  The opposite proved true of course.  But where is the Tea Party now.  I thought they didn't like stimulus and deficit increase (which tax cuts and spending is going to do).

 

But the stock market seems to like stimulus.

Quote

Fiscal stimulus is the antidote that can bridge the gap between what was happening before coronavirus and what will happen after it,” said Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management. “It certainly can’t cure the virus, but it can help contain some of the economic fallout.”

https://www.cnbc.com/2020/03/09/dow-futures-fall-200-points-following-markets-worst-day-since-financial-crisis.html

Edited by Tweety

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13 hours ago, Ted said:

Certainly, the US stock market isn't reacting favorably to Trump's "leadership". This is painfully evident. Hopefully it serves as a reality check for those who continue to support this dangerous fool.)

The stock market is reacting to panic and hysteria.

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3 hours ago, Lucylu71 said:

The stock market is reacting to panic and hysteria.

Perhaps, but this panic and hysteria is having an effect on the economy.  People are canceling travel plans, concert tours are being canceled, certain industries are being to feel the hurt.  A friend of mine in New York says the shops are hurting because of lack of business, even Broadway tickets aren't being sold.  This is real life stuff, not the stock market reacting for no good reason.

Also, our ally in the Persian Gulf, Saudi Arabia is engaged in a price war over oil with Trump's other good friends in Russia,  and those stocks are falling and are a huge segment of the market.  That again is a real life situation.

Edited by Tweety

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Perhaps some people are anxious or "panicking" because they are not reassured by the lies of a corrupt and incompetent narcissist during a global pandemic. 

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