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riversedge

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Member since: Wed Aug 15, 2012, 03:24 PM
Number of posts: 61,628

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Krugman: Trump Wars II: The Loser Strikes Back Trashing the nation on his way out the door.




Trump Wars II: The Loser Strikes Back

Trashing the nation on his way out the door.

https://www.nytimes.com/2020/11/23/opinion/trump-mnuchin-federal-reserve.html




Paul Krugman



Nov. 23, 2020

We all knew that Donald Trump would react badly to defeat. But his refusal to concede, the destructiveness of his temper tantrum and the willingness of almost the entire Republican Party to indulge him have surpassed even pessimists’ expectations.

Even so, it’s very unlikely that Trump will manage to overturn the election results. But he’s doing all he can to wreck America on his way out, in ways large and small. Among other things, his officials are already trying to sabotage the economy, setting the stage for a possible financial crisis on Joe Biden’s watch.

To the uninitiated, the sudden announcement by Steven Mnuchin, the Treasury secretary, that he’s terminating support for several emergency lending programs created back in March might not seem like that big a deal. After all, the financial markets aren’t currently in crisis. In fact, defying Trump’s prediction that “your 401(k)s will go to hell” if he were to lose, stocks have risen substantially since Biden’s win.

Furthermore, much of the money allocated to those programs was never actually used. So what’s the problem?



Well, the Federal Reserve, which administers the programs, has objected strenuously — for good reason. You see, the Fed knows a lot about financial crises and what it takes to stop them — and Mnuchin is depriving the nation of tools that could be crucial in the months or years ahead.


In the old days, what we now call financial crises were generally referred to as “panics” — like the Panic of 1907, which was the event that led to the Fed’s creation. The causes of panics vary widely; some have no visible cause at all. Nonetheless, they have a lot in common. They all involve a loss of confidence that freezes the flow of money through the economy, often with dire effects on growth and jobs.

Why do such things happen? Panics don’t necessarily reflect mob psychology, although that sometimes plays a role. More often we’re talking about self-fulfilling prophecy, in which individually rational actions produce a collectively disastrous result.



In a classic bank run, for example, depositors rush to get their money out, even if they believe that the bank is fundamentally sound, because they know that the run itself can cause the institution to collapse.

Which is where public agencies like the Fed come in. We’ve known since the 19th century that such agencies can and should lend to cash-starved players during a financial panic, stopping the death spiral.

How much lending does it take to stop a panic? Often, not much at all. In fact, panics are often ended simply by the promise that cash will be provided if needed, with no need to actually write any checks.

.......................................
Something similar happened here this past spring. For a few weeks in March and April, as investors panicked over the pandemic, America teetered on the edge of a major financial crisis. But the Fed, backstopped by the Treasury, stepped up with new programs offering to buy assets like corporate bonds and municipal debt. In the end, not much of the money was used — but the assurance that the money was there if needed stabilized the markets, and the crisis faded away..................................

Dialing into Pa. GOP meeting, President Trump shows no sign of concession

Source: abc


Trump repeats unsupported, misleading claims, says results should be turned over

November 25, 2020, 3:40 PM


President Donald Trump phoned into a meeting of Pennsylvania Republican lawmakers to say he believes he was "cheated" out of a victory in the 2020 election and the outcome should be turned over.

"This was an election that we won easily. We won it by a lot," Trump said to the lawmakers and Republican supporters in the ballroom of a Gettysburg hotel. "Very sad to say it -- this election was rigged and we can't let that happen. We can't let it happen for our country. This election has to be turned around."


Trump has made few appearances since the election and the phone call represents some of the most direct remarks he has made about his desire to see the results of the contest reversed.

His claims have been widely debunked by elections officials from both parties and in a series of court challenges that ended in defeat for the Trump campaign. Democrat Joe Biden won the 2020 election by more than 6 million votes, and by the identical Electoral College margin that Trump amassed in 2016.
...............

Read more: https://abcnews.go.com/Politics/dialing-pa-gop-meeting-president-trump-shows-sign/story?id=74405323



Trump should be certified insane. --along with Rudy and lawyer gang.



Added a few tweets:
Whow. what a clown show. It is NOT a real hearing in a court of law.





https://twitter.com/MortweetsC/status/1331710600808861696?s=20




https://twitter.com/portarican_RT/status/1331724368326615044?s=20


https://twitter.com/DrWitnesser/status/1331684447255715845?s=20








Samuel Corum/Getty ImagesSamuel Corum/Getty Images
President Donald Trump's lawyer Rudy Giuliani speaks during a Pennsylvania Senate Majority Policy Committee public hearing, Nov. 25, 2020, in Gettysburg, Pa.

Is it true that @CNN hired Kayleigh McEnany? If so this is very disappointing.


Anything to this?? I really have no idea. She would be a better fit for Newsmax--or fox or some RW vile radio show.




Is it true that @CNN
hired Kayleigh McEnany? If so this is very disappointing.


https://twitter.com/JennyBwood/status/1331623387362439170?s=20


https://twitter.com/lorettafaucher/status/1331717854765350912?s=20




https://twitter.com/jdwickie/status/1331749332635115520?s=20


https://twitter.com/joelockhart/status/1331631275829063681?s=20



https://twitter.com/LibbyforJustice/status/1331750438937522176?s=20



https://twitter.com/JennyBwood/status/1331632228372254720?s=20


#ParlerHacked Talk about dumpster diving.



#ParlerHacked

Talk about dumpster diving.
https://twitter.com/RepublicanSwine/status/1331396946884390912?s=20



https://twitter.com/Frank_N_Meems/status/1331365804449755136?s=20



https://twitter.com/ContentedIndie/status/1331374839647653888?s=20



https://twitter.com/lukeacl/status/1331381274582257667?s=20


https://twitter.com/CaliGamer/status/1328341191813779456?s=20




https://twitter.com/Alabamastani/status/1331359305010974725?s=20










https://twitter.com/morgansher/status/1331393477880385539?s=20

"On Monday, November 30 starting at 7:00AM EST the Office of the First Lady will host a preview of

NO love lost on the first lady in the comments........



https://twitter.com/brenbrenchie/status/1331364861637488641?s=20


“On Monday, November 30 starting at 7:00AM EST the Office of the First Lady will host a preview of the 2020 holiday décor at the White House [...] The First Lady will not be in attendance.”
Rolling on the floor laughing
Rolling on the floor laughing
Rolling on the floor laughing
https://twitter.com/markos/status/1331280733709627393?s=20




https://twitter.com/AshleyApple17/status/1331284548018204672?s=20




https://twitter.com/LindaLouCole/status/1331288013662457858?s=20




https://twitter.com/KentuckySpirits/status/1331285644157595651?s=20

More than 2,000 Americans have died so far today, with 7 states having nearly 100+: #Covid........





More than 2,000 Americans have died so far today, with 7 states having nearly 100+:

TX 185
MI 154
IL 150
MO 138
WI 104
IN. 103
and OH 98

Please skip travel and get togethers if you can!
https://twitter.com/Amy_Siskind/status/1331379458872406018?s=20





https://twitter.com/stevenjfrisch/status/1331380079004430339?s=20

Group files lawsuit with state Supreme Court to void results of Wisconsin presidential election

Source: wkow.com



November 24, 2020 3:20 pm


MADISON (WKOW) -- A conservative group is asking the Wisconsin Supreme Court to take up a case to throw out the results of Wisconsin's election.

The lawsuit filed by the group Wisconsin Voters Alliance against the Wisconsin Elections Commission also asks the Supreme Court to prevent the W.E.C. from certifying the election so that the Republican-controlled state Legislature could pick the representatives to the Electoral College.

The lawsuit also would require Gov. Tony Evers, a Democrat, to certify those electors.

Attorneys are asking the court for emergency action to take up the case. The court has ordered the Wisconsin Election's Commission to respond to the request for the Supreme Court to take up the case by 4 p.m Friday.
..........

Read more: https://wkow.com/2020/11/24/group-files-lawsuit-with-state-supreme-court-to-void-results-of-wisconsin-presidential-election/?utm_medium=social&utm_source=twitter_WKOW



Short story with no real information except above. The WI SC is filled with Scott Walker appointees.


https://twitter.com/WKOW/status/1331347464851513346?s=20

Arizona, Nevada and Wisconsin have not yet finished certification: Biden has 279 electoral votes




Of the states President Trump is contesting in court, Georgia, Michigan and Pennsylvania have certified and sent Biden electors to the Electoral College on Dec. 14 -- putting him at 279 electoral votes. Arizona, Nevada and Wisconsin have not yet finished certification.


https://twitter.com/LiamWBZ/status/1331270029766238209?s=20



As for the other states:

-Wisconsin is conducting a partial recount requested by the Trump campaign; will finish by Dec. 1.

-All Arizona counties have certified; state canvass and final certification occurs Monday.

-Nevada Supreme Court begins certifying results today.
https://twitter.com/LiamWBZ/status/1331272810317160457?s=20


Dr. Scott Atlas Responds to the Stanford Faculty Senate Resolution



https://twitter.com/DrTomFrieden/status/1331015132126859272?s=20



Dr. Scott Atlas Responds to the Stanford Faculty Senate Resolution



https://stanfordreview.org/scott-atlas-stanford-response/


23 Nov 2020


I was disappointed to learn that the Faculty Senate of Stanford University on November 19, 2020 adopted a resolution criticizing my work for the United States government. We all wish to guide our nation through this pandemic with the best advice and knowledge that we can bring to bear. It is for this reason that I accepted the request of the President of the United States to serve as an advisor since August of this year. I have been honored to serve our country during these difficult months for our nation and the world.

I am a health policy scholar, medical scientist and doctor. I have always used science and factual evidence to help generate the best possible policies to save lives. My views in favor of the careful protection of our nation’s most vulnerable while safely re-opening society are far from contrary to science. These views are held by some of the world's top epidemiologists from Harvard, Oxford, and Stanford itself, as well as by thousands of medical and public health scientists from around the world. I have also repeatedly recommended mitigation measures, including social distancing and mask-wearing when one cannot distance. Media reports to the contrary are simply false.

It should be no surprise that scientists and doctors may disagree over the best response to the unprecedented challenges of the pandemic. But in responding to COVID-19, we cannot sacrifice the free exchange of ideas, the essential process to discover the scientific truths allowing us to fight the disease. America and its universities must allow differing views without intimidation or rebuke if it hopes to successfully develop responses to such crises and to solve the public health threats of the future.

I wish to correct .........................................
- Scott W. Atlas, MD

@SenRonJohnson needs to retire to his pasture.








https://twitter.com/SenRonJohnson/status/1330704120362123267?s=20

This is a organization of conservative physicians who oppose the ACA

https://twitter.com/starrystarryn_t/status/1330660198806147074?s=20




https://twitter.com/SenRonJohnson/status/1330657601860870145?s=20




Replying to
@SenRonJohnson
Mississippi, West Virginia, Louisiana, Arkansas, Alabama, Kentucky, & South Carolina.

Ranks at the bottom for education & highest for poverty levels.

It’s okay for them to elect Republicans.

But why elect a clown like Ron Johnson in Wisconsin?

https://twitter.com/Monty_2012/status/1330764524819865601?s=20
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