This morning's stock market major correction should be a trigger for our President to give a speech to the people. In this uncertain times, with the coronavirus outbreak and economic uncertainties worldwide,
This is one of those rare moments in politics.
Roosevelt after Pearl harbor, Bush after 9/11 all rose to the occasion.
Trump is the president at this moment. It is time for him to give a serious talk to the American people. It could be one of those uniting moment. Put the partisanship aside. We are all in the same boat. This health crisis is serious but it cannot defeat us. It is no time to panic. Just like after 9/11, we cannot stay home. That is what will give the terrorists a win. We all understood that. The same goes here. We cannot allow the virus to win. We need to carryon our daily lives as best as we can.
That is the message. We can all be prudent and wash our hands and avoid large crowded areas...but we need to carry on. Go to work, and be around with families and loved ones and live our life to the full potential God as given us.
Trump has already said that this will all be over soon and a vaccine is coming really soon. Also, why bother worrying? This is just another Democratic hoax to hurt Trump.
These are things he's already said. Why does he need to give a speech? Trump is carrying on with his life as though nothing is happening.
Why can't you?
I am not worrying about my finance but about our fellow citizens. I hate to see the economy tank based on some fear of the unknown. As Roosevelt said "Only thing we have to fear is fear itself..."
This virus may be a new strain but the effects are not new. We have periodic pandemics that strike once a few years...it is part of our imperfect existence here on earth.
President Trump has already said numerous things about the Coronavirus. Is there something wrong with what he already said?
And why does Trump need to give any sort of speech? He communicates most effectively through Tweet.
A speech is called for in a crisis. Tweets are ok for day to day stuff.This event is something all Americans need to hear and that is best done at a formal setting from the White House. Like the fireside chats of past Presidents, he needs to be the calming voice in time of uncertainty.
As you know, I have defended Trump on numerous occasions when he was unfairly criticized. I have no problem criticize Trump when he is not doing his job...such as the continued deficit spending by our federal government...and now with his weak response to the coronavirus outbreak.
It's not a crisis. Trump has said this will all blow over, that it's a Democratic hoax, that a vaccine will be developed soon, and not to worry. So why are you worrying? Listen to your President.
It is not me that is in panic. It is the rest of the media and obviously many investors who are selling their stocks...at the bottom...exactly what not to do, if you are a savvy investor. Buy low sell high...
How do you know this is the bottom?
And you think that Trump giving a speech, which is not the norm for him, would keep people from being in a panic? Most people don't trust much of what he says.
I don't know that this is the bottom and I am not claiming I know. Just based on past experiences with SARs and Ebola...and swine flu, and the Hong Kong flu... a period of 1- 2 years is the maximum of its effect. By then, we will have developed vaccines and even self immunity to this disease. Life will return to normal and so will the stock market. At the depth of the recession in 2008, the market dropped 40% of its value. A year later, it is back on track.
BTW, Another thing Trump mis handled is the interest rate. By calling for the Feds to reduce interest rate a few months ago, it was a mistake and I said so at the time. In time of good economy, we need to raise the rate to the normal of 4-5%. So when a crisis like this or a future recession, he would have room to lower the interest rate to adjust the economy. Now, we are going back to zero or negative rate which is exactly what Obama did and it was not good sound policy.
As far as the people distrust of Trump goes...you can lead a horse to water but you can't make it drink...
If Trump has a positive message for Americans, some will cheer while others will ignore... such is life, you can't please everyone. The message is clear and should be told. Let the chips fall. That is what elections is all about. If you like his message, you will vote for him. If not, vote for the other guy. That is our democratic process. It is still the best.
This is what you said:
"It is the rest of the media and obviously many investors who are selling their stocks...at the bottom."
As far as Trump goes, it's precisely in a time of crisis where lying constantly gets you in trouble. If you lie constantly, how are people supposed to know when you're telling the truth?
Trump said: this will pass quickly. It's a hoax.
If Trump said the Coronavirus is a hoax that will pass quickly, should we believe him or not?
you are miss-informed as usual by the corrupt media that is out to get Trump. Go look it up...Trump did not say the virus is a hoax.
He said the media hyping this crisis is the hoax...just like the Russian collusion, the Ukrainian conf. call impeachment...
You need to stop listening to the fake media. They have an agenda snd it is not in your best interest or our country's best interest. They are in the pockets of the DNC and the socialists and the unions and the ACLU and the one world order. They are anti-American and anti Trump and Anti MAGA.
This IS a medical crisis, Jack, so stop blaming the media for the inept way that your fearless leader has handled this matter up to this point.
How far do you bend out of shape to defend this man? Try stepping out from the Trump collective and look at things objectively.
Am I defending him now?
or am I critical of him?
You, my friend, are like the media...
trying to politicize everything Trump.
This is a medical crisis and very little can be done by Trump, except to calm our nerves.
The rest will be up to the medical professionals to come up with a vaccine...and cure...and quarantine protocols.
I am consistent and call it what I see.
"This is a medical crisis and very little can be done by Trump, except to calm our nerves."
He could keep his mouth shut avoid being a source of misinformation, downplaying the crisis. That would be a helpful beginning....
That is just it. Whatever he does or doesn't do, he would be criticized by the media and the Trump haters...
This man has done so much for our country and taken so much crap...
if I was Trump, I would go home to my mansion and play golf all day long and spoil my grandkids...
who needs this stuff?
You guys are so predictable.
Cmon Jack, I mean seriously...
Trump makes much of his own troubles.
Any adult, before speaking to a national audience about something as dire as this crisis, would have consulted with the authorities in the field before issuing statements. Instead, Pence and the CDC professionals have to clean up the crystal pieces that the bull in the China shop so cavalierly had broken.
I would like to thank him for his "financial courage" and send him back to
his mansions and golf course in 2020. I would not be heartbroken at the prospect. I am fearful that this won't happen if the Dems make the wrong choice regarding candidates.
who is the right choice? A 78 years old socialist from Vermont with a heart condition? or a 78 year old VP that even Obama does not have any confidence in and who seems to have only 75% of his faculties at any given moment?
Who do you trust to run our country?
Sorry, Jack, as far as I am concerned, either one of them is preferred over Trump.
Warren is out so I am throwing my lot in with Bernie...
Covid 19 is more of a media and hysteria crises than a medical one. When it all calms down we're going to find out that it is little, if any, deadlier than the common flu bugs we all get every year.
So in a way, Trump is right - much of the "crises" is hype and hysteria. The disease itself is not in the same class as Ebola, Bubonic plague, AIDS, etc. but is being treated as if it is actually at least that bad.
But it has been said to be more virulent than the typical flu considering the ease of contagion and the death count. While not up there with the bubonic plague, still it is more serious than your common cold.
I don't like Trump talking to me about his "hunch" it has absolutely no value to me.
agreed...but there are many stupid people who listens to news and have their hair on fire...
I think initially China was blindsided by it, and then, decided to use it to their advantage.
China considered this a great excuse to flame the panic, to cover up their economic crisis which was becoming dire, as well as their more aggressive control efforts taking place in Hong Kong.
This allowed them to crack down on their own people, particularly Hong Kong, whose story has now slipped into the back-pages of the news as everyone panics over something no more dangerous than the flu.
The CCP will do anything to remain in control and maintain their power.
When we see what is going on in our own politics, just imagine what lengths a one-party-system with no checks on it will go to.
This is a country that was running a organ harvesting prison system, you think they won't clamp down on their own people over a new strain of virus and put the world into a panic if suits their interests?
That's exactly what I meant. I wasn't using the word "hoax" as in the virus itself is a hoax, but meant that Trump used the word "hoax" to describe the Democrats response to his response to the virus.
That said, by implying there was a hoax at all, leads to much misinformation, which is why there are people who think the Coronavirus isn't even real.
He did, however, say it will pass quickly.
Do you believe him?
I also try and follow my own advice. I didn't panic and sell my stocks.
I still plan to travel to the west coast to visit my daughter and niece.
I do my volunteer work each week at the Archives... and I still practice fencing at my club once a week. Instead of shaking hands after a bout, we use fist bump...I also eat at restaurants especially Chinese restaurants since I love Chinese food.
my prediction, 4-6 months from now, it will all be forgotten. Life will return to normal and a vaccine will be developed. Life will go on until the next crisis...
Was that speech what you were looking for? People seem to have high confidence that Trump is helping.
Sorry for the delayed response. Somehow I was banned by HP for 5 days for something I posted. No explanation...
I think the speech and News conference last Friday was great.
It was what the country needed to hear.
Going forward, the status is changing day by day and hour by hour.
The important thing to remember is we will come out of it.
One day, hopefully soon, a vaccine will be developed by humans who will defeat this virus and life will return to normal.
Jack, many of us received a ban for "bickering". I don't know how we can discuss any political subject with being charged with bickering. Matt said there was an "uptick" in bickering so he had his little power trip to quell it. What a joke!
That is why the 1st Amendment is so important and key to our success as a country. We allow people to dissent and assemble and voice our various opinions without violence. Some would say hate speech is violent. I don't. Speech is just speech but with limitations of course...like yelling fire in a theater.
At this point, half the country has tuned Trump out. They recognize him for the liar he is and for the misinformation he spreads, while he tries to convince his followers that he is the most knowledgeable person on the planet, despite being proven time and time again to be a functioning illiterate through his twitter account.
Pence is actually doing a decent job deferring to the specialists and not making this all about himself or lying about the severity of the spread. The last thing the country needs is to hear from Trump about something he's clearly not equipped to be honest about.
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