Our Stable Genius (SG) in the White House, the Chosen One, the king of bankruptcy, continues to amaze. As one could predict from his business record, SG has cowed the Federal Reserve into cutting interest rates to ZERO to great effect. That, of course, is capitulation prior to retreat. On the surface a macho move of the sort SG prefers, but underneath an admission of panic. Wall Street decimated stock prices in response to the Fed’s move. Remember, most trading on Wall Street these days is done by computers using algorithms (algos). Such algos are built by techies to reflect the inclinations of their MBA bros, those testosterone-rich guys from Stanford, Chicago and Ivy League business schools. Bullish aggression and victory at all cost are the driving values. Keep in mind that “bullish” is just a shortened version of “bullshit” on which much of the current American regime and financial pyramid is built.
In these times the short-sellers are gigantic leaches on the market. Of course, the SG knows all this and is deliberately trying to drive the market to its bottom so it can rebound before November, thus proving, once again, how he has everything under control (uc). That is now one of his stock phrases, uc, goes well with “hoax” and “do-nothing Democrats”. Not only is everything uc, but the SG has assured all who listen (I can’t force myself to take in those sound-bites, let alone an entire rant or press attack) that we will all be great, or remain great, or become great again, whichever suits your politics of the moment. And if the market doesn’t rise to his command, SG can always try to fire Powell over at the Federal Reserve, even blame him for the snafus having to do with testing and the US refusing to use WHO developed tests that were offered weeks ago. Surely SG was “Not Responsible” (NR) for that decision. Expect NR to become another one of his top tweet and rant phrases as this thing spirals into worse and worse appearance. At least the SG will not have to fly around to funerals and comfort grieving families because in-person memorials will become illegal soon.
Meanwhile, crude oil dropped below $30 per barrel. That will eventually decimate the American fracking and shale oil industries if it lasts too long. They start profiting up around $70/barrel I’ve read. Off camera Putin is licking his chops. He wants to see the US knocked out of #1 position in global oil production. Back to the Seventies is his secret mantra. I recall that oil crisis; we were totally in thrall to Saudi Arabia.
Does SG know:
- Texas is letting spring break students party and drink en masse in places like Padre Island?
- The Mara Lago Club, though it is undergoing a one-day deep cleaning, has zero information on its website about corona precautions? Even though people who’ve partied there recently have tested positive? Has he even thought of testing the staff? Surely SG knows somebody who could get him access to corona tests…maybe? He must have more access than you or I.
- Americans are being blocked from traveling to Africa? That those so-called S-H countries don’t want us infecting their people? Can you blame them?
- That beleaguered Mexico can’t afford to block American tourists? “Come on down, bring virus at your own risk…and ours.”
- That this virus is particularly harmful to SG’s core voters—old white people. Has nobody in his campaign done the math? What happens if a couple percentage points of my generation (yes, Boomers) dies before they vote in November?
- That today he reversed direction entirely, not just an emergency declaration which made him look macho, at least in a mirror. Not just threatening to fire Powell at the Fed or calling the governor of Washington State a snake. Not just promises of uc from the SG. No, now he says no country, including the United States, has corona under control, though SG also suggested America could limit its death toll “if we do a really good job” responding now. Wow, did SG send a warning memo to the faces on Fix News?
- How pathetic SG himself looked telling state governors it’s their job to find respirators for hospitals in their states? This takes Republican states’ rights theory to new depths. A perfect use, I must say, of NR (see above). Brilliant, great, perfect, make governors responsible again. Even snakey governors.
- That the US now has over 4400 known positive tests, putting us in eighth place in the global virus championship, with only four European and three Asian countries still ahead of us?