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The Calls Are Coming From Inside Camp Runamuck
Somebody let The New York Times know on Monday that the calls for re-opening the country coincide with more dire White House death estimates.
BY CHARLES P. PIERCE
MAY 4, 2020
There are people within Camp Runamuck now who are fairly screaming for someone to, please, for the love of god, do something, you clowns! From The New York Times:
My rudimentary math skills tell me that will come to 81,000 more deaths in that time. Which would put the butchers bill at somewhere around 150,000, and thats just assuming the math stays unchanged, which also assumes that idiot governors and their idiot constituents dont combine to make things worse, which they will, because they will be encouraged to do so by the president*, who seems to be splitting his time pretty evenly between incompetence and self-pity. (Dude, even if you leave aside the fact that Lincoln was, yknow, shot in the head, half the country left when he was elected! Were stuck with your ass for at least another seven months.) As nearly as I can tell, the honeybees of the world have been more proactive against the murder hornets than this administration* has been against the pandemic.
https://www.esquire.com/news-politics/politics/a32366300/trump-administration-project-3000-daily-coronavirus-deaths/
JDC
(10,127 posts)He is that cold and shitty.
*typo fix
Docreed2003
(16,858 posts)He's been setting up this exact scenario for weeks.
live love laugh
(13,104 posts)that state governments are dictators and tyrants to force open the states and later deny fault.
ProfessorGAC
(65,013 posts)It's only people dying. Everybody dies sometime.
Gotta get that economy pretending to look good again!
mcar
(42,311 posts)We old timers should be willing to sacrifice ourselves for the sake of Wall Street.
malaise
(268,982 posts)His only interest is maintaining power - and he is going down
mcar
(42,311 posts)Same with Moscow Mitch.
ProfessorGAC
(65,013 posts)This liberal is a millionaire. They're supposed to care about me.
They don't but they're supposed to.
Hermit-The-Prog
(33,342 posts)You fail to worship their gods -- Reagan, Koch, trumPutin, and Buchanan.
ProfessorGAC
(65,013 posts)I'm sorry?
No, that's not it.
I kind of think it's something that begins with F.
Hermit-The-Prog
(33,342 posts)Have to be careful, though. I'm sure some of the members of the GOPer cult are secretly into flagellation.
Eyeball_Kid
(7,432 posts)Very soon, the Dow will drop off a cliff. Its been living large because Trump continues with his happy talk. But when the flow of capital gets and stays anemic, the markets will abandon Trumpy and collapse. Its coming soon.
ProfessorGAC
(65,013 posts)I believe it will drop some, but the 2 large parts of the CV collapse was profit taking and an overdue correction.
The post tax margin performers of the vast majority of public corporations suggest a valid 3.25 year average annual growth rate of equities of ~8.3%. So from election day 2016 to now, a 30% rise puts us at 24-25,000.
78% of the economy is still in full operation, and 2 sigma plus/minus the median is still 95% employed.
Add in the borrowed money spending and GDP will fall but at expected recessionary rates.
The sheer investment in operating capital in businesses not called airlines justifies, given the status of truly essential businesses, justifies a Dow number of 20,000, at least. The Russell is affected even less. I haven't done the math on S&P, but it's usually affected somewhere between the Dow & Russell.
And, whether we like it or not, people will get fatigued with staying home. The economy will pick up on the consumption side.
Now, mass death is very bad for the economy, but it would take 6.5 million dead to cause a 1.4% contraction.
Investors will not freak out about 1.4%. Those types probably won't freak out about 6.5 million dead either. But, that's a whole different thread.
The tipping point in November isn't about the Dow needing to plummet. The ads write themselves. Last 5 years s of Obama, markets averaged 10.7% per year. Under PINO, 7.7% (come November)
It's already bad. Doesn't need to get worse.
BComplex
(8,050 posts)has half empty shelves; empty of bread, juice, dried beans, rice, pasta, and meat. The toilet paper, paper towels, napkins, kleenex, etc has been totally empty since the very first of this shockwave. The milk section is starting to look anemic, too.
There just seems to be this squeeze that makes me feel really uncomfortable. That's kind of at the basis of what propels wall street, no?
ProfessorGAC
(65,013 posts)Effects on main street take a long time to impact capital markets. The sunk investment is extant. 78% of the country is still working and 90% of big business activities is going on.
I'm not saying there'll be no downward pressure on the markets. But I'm predicting minor.
The store shelf thing seems reasonable. We have no such shortages here. Meat supply is a potential issue, though. Hence the run on beans.
DemoTex
(25,396 posts)napi21
(45,806 posts)just how much damage can he do in that 7 MONTHS?
mcar
(42,311 posts)How many businesses will close? How many families will become homeless? How many crops will rot in the fields?
It's really terrifying to contemplate.
rsdsharp
(9,170 posts)The election is six months from yesterday. Then we have almost all of November (7), all of December (8), and 2/3rds of January (9) until Inauguration Day.
napi21
(45,806 posts)REASON to hold back on ANYTHING that suits his fancy. no voters to worry about, no opinions to care abiout. He'll be free to be the biggest AH ever!
rsdsharp
(9,170 posts)was: If Nixon was the one in 68, hell be a bigger one in 72.
Well, thats my story, and Im stick in to it.
world wide wally
(21,742 posts)We get together about 10 million of our closest friends to surround the White House on Nov 4th. Then we all start shouting, "Get the Fuck Out" until he does.
Hermit-The-Prog
(33,342 posts)musclecar6
(1,686 posts)He doesnt give a shit about anyone but himself. Just a modern day Adolph.
SBoy
(92 posts)And now that its ground to a halt he needs to to get back up and running. His lack of empathy and narcissism allows him to not give a damn how many people have to die for him to achieve his goal. To me, he should be Impeached again as this is even a higher crime and misdemeanor than the Ukrainian blunder that led to his first Impeachment. A 9/11s worth of Americans are dying daily.
Dan
(3,558 posts)Was not a blunder, but a deliberate attempt to undermine the security of the U.S. with the Ukraine government against a foreign adversary Russia to further his re-election goals.
GoneOffShore
(17,339 posts)Not entirely insensitive, the Victim-in-Chief demonstrates a surprising capacity for deep self-empathy.
lunatica
(53,410 posts)My mother used to say that all the time. She had a wonderful wit.
GoneOffShore
(17,339 posts)'He was a self made man who worshiped his creator' - Stephen Fry, 'The Hippopotamus'.
lunatica
(53,410 posts)He epitomizes epitomes no matter where you turn. His name covers most of the parts of grammar. Its a proper name noun (Trump), a verb (trumping) and an adjective (trumpian). And history will name his presidency as The Trump Era. An epoch when life as we knew it came to an end, opening the way for a post Trump Renaissance.
NotHardly
(1,062 posts)Roc2020
(1,616 posts)the price for neglect by the leaders of this country is breathtaking.