Category Archives: Incompetence

Wall Street Making Big Mistake

Published / by Stephen

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Levin Report: Trump Warns Stock Market Is Making a “Big Mistake”

It’s only one tweet. But there’s so much to appreciate:

1. When Trump says the stock market went down because of “good news,” what he’s referring to is the fact that many have attributed Monday’s drop (as well as last Friday’s) to the strong U.S. employment numbers which, among other things, are leading traders to fear higher wage demands and rising inflation, at a time when the economy is getting a giant, yuuuge stimulus in the form of the tax cuts. Trump was actually warned by a lot of people, who he didn’t listen to, that given where unemployment was—at a multi-year low—and the relative strength of the economy, now was the exact wrong time for a stimulus. (“Passing the tax reform bill is like throwing a small cup of gasoline on a fire that’s already burning,” one expert said.) But he did it anyway, because he’s stupid, and now the markets are worried about a recession (which Trump was also warned about).

2. You know he has literally no idea how modern financial markets operate and that his basis for the stock market is a bunch of guys holding up little pieces of paper and shouting on the floor of the stock exchange.

3. Isn’t it great that Trump believes he can bully and intimidate the “Stock Market” like he does his political enemies? What’s he going to do to the “Stock Market”? Fire it? Send it back to its country of origin? Demand it produce its long-form birth certificate?

4. We’re calling it now: the president is one indignity away from giving the stock market a derogatory epithet. Watch your back, Liddle Stock Market! Fake Tears Stock Market! Low Energy Stock Market! Sad!

Liberty and Justice For All

Published / by Stephen

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Not under Trump. He panders to the alt-right and the domestic terrorism of the neo-nazis and white supremacists. In fact they are a significant part of his base.

Charlottesville and a Michael Lewis article, Why the Scariest Nuclear Treat May Be Coming from Inside the White House, has opened my eyes. This blog is no longer limited to exposing the false claims of fact and the illogic that underlie Trump’s actions.

Trump has shown his true colors. He panders to the above mentioned groups and criminal leaders like Vladimir Putin and  Rodrigo Duterte. He fails to recognize critical functions of national government — e.g., healthcare, environmental protection, and nuclear risks. These and other factors demonstrate that:

  1. he does not understand what public service means,
  2. does not stand for the greater good,
  3. lacks understanding of what our national government actually does,
  4. supports and condones the criminal activity of reprehensible groups and leaders,
  5. is a bigot and racist,
  6. is clearly amoral and unfit to be president.