{"id":39167,"date":"2020-03-10T10:58:28","date_gmt":"2020-03-10T17:58:28","guid":{"rendered":"https:\/\/www.politicsplus.org\/blog\/?p=39167"},"modified":"2020-03-10T11:16:26","modified_gmt":"2020-03-10T18:16:26","slug":"trump-virus-tanks-economy","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2020\/03\/10\/trump-virus-tanks-economy\/","title":{"rendered":"Trump* Virus Tanks Economy!"},"content":{"rendered":"<p><span style=\"color: #0000ff;\">I trust that you know by now that the bottom is falling out of the stock market, and Republican welfare billionaires are freaking out.\u00a0 Trump* tanked the economy for rest of us long ago.\u00a0 This will make our economy even worse, but Trump and the Republican Reich don\u2019t care if we live or die.\u00a0 But they care about their billionaires, and they fear that this Republican Recession will hurt them the way it did when they tanked the economy in 2008.<\/span><\/p>\n<blockquote><p><img loading=\"lazy\" decoding=\"async\" style=\"border: 0px currentcolor; margin-right: auto; margin-left: auto; float: none; display: block; background-image: none;\" title=\"0310crash\" src=\"https:\/\/www.7thstep.org\/blog\/wp-content\/uploads\/2020\/03\/0310crash.jpg\" alt=\"0310crash\" width=\"750\" height=\"437\" border=\"0\" \/><\/p>\n<p>The fast-spreading coronavirus and a plunge in oil prices set off a chain reaction in financial markets on Monday, a self-perpetuating downward cycle that could inflict serious harm on the global economy.<\/p>\n<p>What started last month as unease about a potential economic slowdown in China has evolved into a borderline panic, with <strong>the S&amp;P 500 on Monday crashing nearly 8 percent<\/strong>. The mayhem is threatening to roil the underlying global financial system and the abilities of companies large and small to survive a potential economic monsoon \u2014 a downward spiral that is fed and intensified by these destructive forces.<\/p>\n<p>The odds of such a storm grew after an unexpected fight between Russia and Saudi Arabia. After failing to reach an agreement about how much oil to produce and sell on international markets, Saudi Arabia announced it would quickly ramp up production.<\/p>\n<p>Oil prices had been falling as investors fretted about a possible recession. <strong>On Monday, they plummeted over 20 percent \u2014 the sharpest decline since the first Persian Gulf war<\/strong>.\u00a0 [<em>emphasis added<\/em>]<\/p><\/blockquote>\n<p><span style=\"color: #0000ff;\">Inserted from &lt;<a href=\"https:\/\/www.nytimes.com\/2020\/03\/09\/business\/stock-market-oil-coronavirus.html\" target=\"_blank\" rel=\"noopener noreferrer\">NY Times<\/a>&gt;<br \/>\nGraph credit: <a href=\"https:\/\/knowyourmeme.com\/photos\/1779659-2020-stock-market-crash\" target=\"_blank\" rel=\"noopener noreferrer\">Know Your Meme<\/a><\/span><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=KK6lWBqvayk\" target=\"_blank\" rel=\"noopener noreferrer\">Trump Faces Huge Leadership Crisis Over Coronavirus And The Economy<\/a><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/KK6lWBqvayk\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #0000ff;\">Payroll tax cut? That&#8217;s only temporary, and the suckers will have to pay it back on 4\/15. This fool* wants people to go out into crowded stores and get infected. Will Goose-step Gohmert infect the Republican Reich in Congress?<\/span><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=fiNytfSTvwc\" target=\"_blank\" rel=\"noopener noreferrer\">Dow logs biggest point-drop in history as stocks tumble<\/a><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/fiNytfSTvwc\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #0000ff;\">The announcer said that, if it wasn&#8217;t the Trump* virus, it would have been something else.\u00a0 I agree.\u00a0 Two great minds said that Trump would tank the economy.\u00a0 In July, 2019, <a href=\"https:\/\/www.politico.com\/story\/2019\/07\/22\/elizabeth-warren-economic-crash-1424588\" target=\"_blank\" rel=\"noopener noreferrer\">Elizabeth Warren said so<\/a>.\u00a0 In November, 2016, I said so.\u00a0 Great minds clearly fell in the same ditch!<\/span><\/p>\n<h1 align=\"center\"><span style=\"font-weight: bold; color: #0000ff;\">RESIST!!<\/span><\/h1>\n","protected":false},"excerpt":{"rendered":"<p>I trust that you know by now that the bottom is falling out of the stock market, and Republican welfare billionaires are freaking out.\u00a0 Trump* tanked the economy for rest of us long ago.\u00a0 This will make our economy even worse, but Trump and the Republican Reich don\u2019t care if we live or die.\u00a0 But <a href='https:\/\/www.politicsplus.org\/blog\/2020\/03\/10\/trump-virus-tanks-economy\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3913,3712,3918,3743,3714],"class_list":["post-39167","post","type-post","status-publish","format-standard","hentry","category-politics","tag-covid-19","tag-donald-trump","tag-economy","tag-republican-reich","tag-video","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/39167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=39167"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/39167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=39167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=39167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=39167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}