Donald Trump’s idiocy sends America plummeting into a bear market
The existence of the coronavirus isn’t Donald Trump’s fault, but his botched handling of it is entirely his fault. More Americans will die than necessary. In addition, more damage will be done to the U.S. economy than necessary. Investors know it too, as they’re now fleeing the stock market in dramatic fashion.
Yesterday’s stock market rebound turns out to have been a mere pipe dream, as the Dow Jones dropped today by another 1484 points. This latest plunge puts the market down twenty percent off its high, which means we’re officially in a bear market.
So what’s Trump going to do about it? He’s addressing the nation from the Oval Office at 9pm eastern time tonight, but there’s no reason for his address to instill any confidence in anyone.
Donald Trump is drowning. His presidency is over. If he had any sense he’d make up an excuse and resign now, before he does any more harm to America and to himself.
Bill Palmer is the publisher of the political news outlet Palmer Report