Well here we go…
To give you an idea of just how seriously Donald Trump is taking the coronavirus threat and the collapsing economy, he spent the weekend golfing, and then spent Monday holding one of the most unsatisfying press conferences in recent political memory. In other words, Trump is not taking it seriously. Any of it.
As proof of this, Donald Trump was up late last night yelling “Fake News” after the media correctly reported that he refused to say during his press conference whether he himself has been tested for the coronavirus. Nevermind that several Republican politicians are now in quarantine because they were exposed to it, and that Trump has since come into contact with many of them. Trump and Matt Gaetz were on Air Force One together yesterday, and after the plane landed, Gaetz immediately went into quarantine – yet Trump still doesn’t think he even needs to be tested, let alone quarantined.
That brings us to today. The Dow Jones lost two thousand points yesterday, something that pretty much doesn’t happen. The Dow Futures have been trying to climb back all night, and we’ll see what investors do today. But between the world impact of the coronavirus, wide expectation that Trump’s failed handling of the virus in the U.S. will lead to an epidemic here, and the sudden oil war, the U.S. economy is going to contract – and Wall Street knows it’s a matter of time.
Donald Trump is going to be Donald Trump today. The problem with that is that he’s enough of a menace on the days when he’s the only crisis that the United States is facing. Now that the U.S. is facing multiple external crises, and Trump has made clear to everyone that he’s not up to the challenge, look for his ongoing psychological collapse to get worse. November can’t come fast enough.
