Trump tried to calm the markets with a speech written by Jared Kushner and Stephen Miller:
'We must put politics aside, stop the partisanship, and unify together as one nation and one family' — Watch President Trump's full Oval Office address on the coronavirus pic.twitter.com/gyYJObaNwm
— NowThis Impact (@nowthisimpact) March 12, 2020
An unbelievable speech in many ways with some very weird words. Basically Europe's banned from America. Except the UK. #trump #sexycounting pic.twitter.com/TkJWg6dPN4
— David Flynn (@David_Flynn) March 12, 2020
OUTRAGEOUS: Senate Republicans just blocked an emergency bill to provide paid sick leave to workers impacted by the coronavirus crisis.
— CAP Action (@CAPAction) March 11, 2020
In the middle of a global pandemic, Senate Republicans are putting lives at greater risk. #COVID19https://t.co/fLBm15wNAV
My summary of @POTUS false assertions in his #COVID19 speech tonight
— Eric Topol (@EricTopol) March 12, 2020
Transcript @cspan https://t.co/1ZX9sipKVp pic.twitter.com/TfpLyI61gL
Dow futures for the last ~4 hours. The steep drop begins at 9:00 pm Eastern, 49 minutes ago. pic.twitter.com/axJ6omoLS9
— Sam Wang is at samwang.bsky.social (@SamWangPhD) March 12, 2020
And as it turns out, everything he said about not letting people in from other countries was a lie:
What Trump has discovered is that even though in his own mind he believes that he can control everything in the world, he can actually control virtually nothing.
All of the world’s dictators, authoritarians and lunatic leaders end up learning that lesson. Generally the hard way.
On a positive note, Trump has begun withdrawing US troops from Afghanistan so that he can end America’s longest war.
Welp, the speech didn’t stop the markets from tanking, so the NY FED just “injected” $1.5 trillion (trillion with a t) into Wall Street to bribe them to stop pissing themselves.
The millionaires and billionaires sold lots of their stock when the market was at its peak of 29,551 on February 12, 2020.
They will begin to buy back all of that same stock now that the market is near it’s bottom of 21,000 at a 30% discount.
The millionaires and billionaires have the resources and the strength to make the stock market move up or move down as they see fit.
Metropolis (1927) directed by Fritz Lang.