Day: 3/27/2018

Donald Trump’s Ignorance of Wall Street Would Be Hilarious if it Weren’t So Dangerous

Posted by on March 27, 2018 at 7:39 pm. 1 Comments :

The topics Donald Trump takes up on Twitter almost always fall into one of two categories. Either he is lashing out at a perceived enemy (fake news, Alec Baldwin, etc), or he is exalting himself for something for which he doesn’t deserve any credit. The patterns are predictable and invariably involve childish outbursts.

Donald Trump

One of the most frequent subjects of his self-praise involves the performance of the stock market. He likes to point it out whenever it goes up and baselessly attribute that activity to his unique awesomeness. And for some reason, he never mentions it when it goes down. News Corpse noted this peculiarity back in January, which was the last time that Trump tweeted about an up day in the market. He’s been uncharacteristically quiet on this subject until yesterday. The article warned that Trump’s bragging would come back to “Bite Him in His Sh*thole Country” and said in part that…

“It’s always dangerous to rely on stock market performance to validate the economy. There are too many factors that can shift investor sentiment. It is a fluid indicator that could reverse course tomorrow. Indeed, many stock analysts regard the market’s current position as overvalued. These analysts are predicting a ‘correction’ that could send the markets down significantly.”

Apparently Trump failed to heed my warning. Yesterday he posted a tweet congratulating himself again on a big market gain. He’s Replying to a CNBC tweet that notes “Dow posts third best one-day point gain ever.”

Indeed the market soared 669 points on Monday. What Trump failed to mention was that on Thursday it dropped 725 points, and went down another 424 points on Friday. That’s a total of 1,149 points. So Monday’s gain didn’t come close to making up last week’s losses. And to make matters worse, the market took another dive today of 344 points. So the market is still down 824 points since Thursday. In fact, it’s down 2,759 points in the past thirty days, which puts it deep in “correction” territory.

The most often cited cause for this recent decline is Trump’s ill-considered and reckless declaration of a trade war with Asia and Europe. And his recent tax scam legislation that gave corporations and the wealthy big tax cuts and exploded the national debt by over a trillion dollars didn’t help matters either. Knowledgeable analysts recognize that Trump and the Republican Congress are squarely to blame for our current state of economic crisis.

The actual damage that Trump does is only one part of what makes him so dangerous. His insistence on lying about his failures afterward congeals the whole mess into a spreading catastrophe. The dimwitted disciples who can never find fault with Trump will believe whatever he tells them to believe. Consequently, they have no idea of where the market is now or what reasonable steps should be taken to mitigate any further harm to the American families who rely on their investment earnings for current or future needs. And the GOP Congress and Trump have shown clearly that they couldn’t care less. But then, we already knew that.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

Fox News and Bill O’Reilly are Still Sucking – Up to Each Other

Posted by on March 27, 2018 at 8:47 am. 3 Comments :

You have to feel a little sorry for Fox News these days. They are in the impossible position of having to defend a sleazy, ignorant, narcissistic, greedy, racist, corrupt, pathological liar. Their sycophantic propaganda on behalf of Donald Trump must be getting harder and harder to manufacture. The shills that litter their airwaves are becoming more desperate for material with each passing day.

Fox News

So it’s understandable that they’ve turned to their disgraced former star, Bill O’Reilly, to try to shore up their flagging ratings. After all, he was merely found to have committed multiple acts of sexual harassment and assault. And the President has done that repeatedly, so what’s the big deal? If Trump can consider bringing back his domestic abusing former aide, Rob Porter (which is being discussed), then Fox News surely can bring back O’Reilly.

The Daily Beast is reporting that O’Reilly’s “Lies and Legends” is once again airing on the network. NOTE: Despite the title, it is not a documentary based on Trump’s presidency. How a network that was shamed into severing ties with their top rated star can even entertain the notion of putting him back on the payroll is something only a cretinous Fox executive could justify. But almost certainly won’t bother doing.

It’s fitting that on the same day that this news was announced, O’Reilly distinguished himself with his hokey “Tip of the Day” on Twitter. This tip set out to belittle the historic “March For Our Lives” that called on Congress to enact the common sense gun reforms that overwhelming majorities of the American people support. But it also slandered Fox’s competitor, NBC.

First of all, there were several reputable analyses of the march’s attendance in Washington, D.C., that put the numbers between 800,000 and a million. But O’Reilly referenced only a single source that was cited in an article on Fox News (where else?). O’Reilly’s only basis for calling the absurd 200,000 figure the “real” number is his wishful thinking and obvious bias. What makes this even worse is that Fox News also reported the 800,000 figure on the air (see image above). So is O’Reilly advising the few remaining losers who follow him to refrain from trusting Fox News? Nah, that would require the sort of n0-spin analysis that this worm has never been capable of.

The love affair between Fox and O’Reilly is clearly not over yet. But that’s only because neither of them have any other prospects. So both are forced to rely on each other out of desperation. O’Reilly’s public profile has been reduced to near total obscurity. And Fox News has employed so many sexual predators what’s one more brought back from the past? As their messianic Deal Leader would say: SAD.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.