President Trump: The NEW one and only politics thread

While i could certainly use a thousand bucks, it was interesting to see Fatfuck and his grinning baboon Monkey Boy Mnuchin standing there and essentially saying, "we can get as much money as we want, any time we want."

A fact I'm sure they've been taking full advantage of for three years now.

So for one day they'll send their semi trucks and cargo planes full of cash out to the citizens. Tomorrow, back to normal.

 

Trump acknowledges poor press relationship on coronavirus

 

Are those cash payments taxable in 2020?

 

Yuh I'm sure every currency note issued under the watchful eyes of Mnuchin and Fatfuck is meticulously accounted for. Semi trucks come and semi trucks go.

 

Is the goal of these payments supposed to be help for paying rent or bills or are we supposed to go blow it to help the economy?

If the latter, where the hell are you supposed to spend it when all the stores, restaurants and bars are shut down?

 

So far that's 131,156,100 lifetimes of damage (as of 2:45 p.m. EST).

 

I heard a commentator talk about how we tend to privatize success on Wall Street and socialize failure. When many or most businesses in a sector tend to play follow the leader with their actions (see newspapers) in order to maintain investor goodwill - rather than risk going left when others are going right - you end up with an entire sector in trouble. You look at the history of which companies comprise the Dow Jones - yes it makes sense that some companies that represent growing sectors are added while those subsiding are dropped, but just in the last 20 years:

ADDS: Apple, Goldman Sachs, United Health, Cisco, Travelers, Nike, Visa, Chevron, Pfizer, Verizon, Home Depot, Intel, Microsoft

DROPS: GE, B0fA, HP, Kraft Foods, Aloca, GM, Citigroup, American International (AIG), Altria, Honeywell, AT&T, Eastman Kodak, International Paper, Goodyear, Sears, Union Carbide.

Some have been dropped and added back depending on where their fortunes were. The point is that the Dow had one change between 1939 and 1956. Between '56 and '85 - there were five adjustments, three between 85 and 1999 and there have been nine adjustments just in the last 20 years. (Not including acquistions, name changes etc.) Yes our economy has changed through the years, but the Dow Average does seem to cherry-pick in order to create its own reality. The market does NEED more failure in order to be healthy and avoid the kind of behavior we've seen where companies are able to artificially inflate their stock prices, investors and boards need to be more vigilant and less complicit.

 

In the six weeks before this whole thing took off, I bought a car (including a huge down payment), consolidated my credit card debt to a reasonable loan, and got a new cash rewards credit card that I'm paying off every payday. Pretty fortuitous timing to get that done before everything went to shit, I think.

 

Instead of sending us 2k, how about we send 2B to the makers of ventilators?

 

Medium is the message