Looks like Donald Trump is about to have a horrible morning
Things just keep getting worse for Donald Trump. He went on Fox News last night and admitted that he’s planning to make cuts to Social Security and Medicare if he gets reelected – and that footage will likely be blasted out to American voters every day of the general election. Now is looks like Trump is about to have a horrible morning too.
The Dow Jones has dropped about two thousand points over the past two weeks, on fears that the worldwide coronavirus crisis could hurt the world economy, and fears that Donald Trump will screw up the coronavirus outbreak in the United States. The only two days the market has gone up lately were the first day it was open after Joe Biden’s South Carolina victory, and the day after Biden’s Super Tuesday victory. At this point the only optimism investors seem to have is that Trump could be replaced by Biden at the end of the year.
Of course that kind of optimism about a long term fix to the current downward spiral doesn’t tend to last long. At the moment, Dow Futures are down nearly seven hundred points. Unless a major rally takes place in the next hour and a half, the stock market will open way down again today. And because there aren’t any primary states for Biden to win until next Tuesday, there’s not a ton of hope for a rally today.
So even as Donald Trump prepares to spend today trying to pretend that he didn’t actually just say he’s going to cut Medicare and Social Security, he’ll also have to deal with the fallout from the ongoing stock market collapse. And really, it couldn’t be any more embarrassing for him than the fact that the stock market’s only cause for scattered optimism these days is the hope that Trump will be gone from office soon.
