Trump Worried Too Much Coronavirus Testing Would Panic the Stock Market

[riversedge]

Source: Politicus





Posted on Thu, May 14th, 2020 by Darragh Roche



Donald Trump was reluctant to do too much Coronavirus preparation in case it panicked the stock market, according to a new report. The markets have been volatile since the pandemic hit the U.S.

President Trump was concerned that doing too much to tackle Coronavirus could send the markets into a panic, according to the Financial Times. The newspaper quotes an unnamed administration source.

“Jared [Kushner] had been arguing that testing too many people, or ordering too many ventilators, would spook the markets and so we just shouldn’t do it,” the source said.

“That advice worked far more powerfully on [Trump] than what the scientists were saying.”

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Giving Trump advice is like “bringing fruits to the volcano”, the official said.

“You’re trying to appease a great force that’s impervious to reason.”......................................

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Read more: https://www.politicususa.com/2020/05/14/trump-worried-too-much-coronavirus-testing-would-panic-the-stock-market.html

[PoindexterOglethorpe]

1. Of course the markets are more important than human lives.

Or even knowing anything about the spread of the virus.

Just a bit of sarcasm.

[lagomorph777]

10. Too little testing IS panicking the market (and actual humans).

[Stuart G]

2. Thank You for posting K and R...I like this part of the post...about Jared & Trump:

“Jared [Kushner] had been arguing that testing too many people, or ordering too many ventilators, would spook the markets and so we just shouldn’t do it,” the source said.

“That advice worked far more powerfully on [Trump] than what the scientists were saying.”

[Traildogbob]

21. His stockpile

I 100 percent believe Jarod Trump has been confiscating kits to eliminate the threat of too much testing that will hurt the stock market, (billionaire slush fund) from the beginning. Last night I saw South Korea sent 100’s of thousands of kits to the VA. Payback for freeing them from the North. Any doubts Kushtrump will take those and hide them, for their daily tests. The stock market is useless for working people, especially those now without jobs. Giving tax payers all those trillions instead of untraceable free cash to CEO’s to hide offshore, would have, would still be, able going back into the economy. Banks and businesses getting their payments from those that owe it to them. But Lindsey will lay his dead body down rather than give another penny to working tax payers. Pennies WE put into the treasury, no pennies paid from those that got it all free.

[Moostache]

3. WTF!?!??!?! WHO CARES WHAT THAT SLIME BALL JARED SAYS???????

Seriously!

The guy is a fucking douchebag brought to life, with absolutely NO accomplishments, NO credentials, NO qualifications and NO goddamn clue about ANYTHING!!!

I feel like I am trapped in some kid of bizarre Twilight Zone episode.

Jared is not fit to hold MY intellectual jock (and that's not exactly heavy lifting duty either...) let alone to be consulted on how we should manage the most serious pandemic in a century or the most serious economic collapse in history (we are AT Great Depression levels ALREADY and its been about 10 weeks...imagine how fucking bad this could be 10 MONTHS from now....and without a goddamn solid PLAN, 10 years from now is 'Mad max'-level dystopia staring at us...

But, yeah, someone PLEASE find out what Jared thinks...

Jesus Fucking Christ Crucified on a Popsicle Stick...tell me this is that TV show gone mad on me....PLEASE!!!

[BComplex]

4. I wish it was so, Moostache. But it's the cult we're dealing with

This actually makes sense to his base.

[Jarqui]

5. I think it is too late for that

Probably a good idea to get your money out of equity.

If they wanted to protect the market, they should have jumped all over testing to protect their people. They have refused to do that - in a pathetic, superficial attempt to get their stupid, clorox guzzling leader reelected.

With the states opening up without testing and contact tracing, it is going to go from bad to worse. Medical support will be overwhelmed in those places. Many more will die. And then, it will ultimately sink in too late - getting everyone on the same page the hard way. The markets will double dip and go tumbling down with real estate, business failures and bankruptcies putting us into a deeper hole to crawl out of.

That's the depressing direction that I see it headed in. All that death and destruction so that the narcissistic one can try to salvage his reelection chances with one last desperate futile act.

Now that is truly "SAD".

[CountAllVotes]

9. +1

n/t

[lagomorph777]

11. +1 Too LITTLE testing is destroying the economy including the "market."

[OneCrazyDiamond]

22. There are always winners.

Look at General Mills just as an example.

[Jarqui]

23. My sister is in investments

One of the things they're looking it is how Clorox or businesses like it are doing.
When it tails off, that's a sign we're getting it under control.

My father, who grew up in the depression, went into the food industry because of it. He said "No matter what happens in the world and markets, people have to eat."
So flipping to food companies (not restaurants) or companies providing goods and services to deal with the pandemic would be a consideration.

[OneCrazyDiamond]

28. Exactly. gotta eat. n/t

[bucolic_frolic]

6. Because, you know, keeping the markets from finding out what's going on is so EASY!

After all, investors wouldn't think to LOOK when they invest, they just throw darts, right?

[KewlKat]

7. Can the nation bring wrongful death suits against Jared and the con?

[gopiscrap]

8. FUCK THE STOCK MARKET

I hope it totally collapses

[noneof_theabove]

12. Totally agree

I said when the "day trading" started it would not end well.
I was that I "invested" in a company by buying stock and hold it for sometime before selling.
Today's day the wall street figures that if they keep a stock for more that 45 seconds, that was too long.
So not the real product is the stock and the true customer is the stockholder.
This does nothing but drive up inflation.
The market is so "totally" over rated.
And if you do not have 7 digits to join the club you will lose everything you put in.
Average Joe can live with 0.5% interest while these grifters get 10, 15,20% returns.

[Gregory Peccary]

15. Yes there are shady dealings for sure

But if the stock market were to collapse Millions of average Joes will see their 401Ks shrivel up like a turd in the sun and their retirements will be destroyed. Don't think that's worth the spite.

[IronLionZion]

16. They're such hardworking job creators though

[Bernardo de La Paz]

19. No. The stock market is only an indicator, not the cause. The root cause is tRump. . . . nt

[IronLionZion]

13. Elect brilliant business geniuses like these guys

and they run our country like Trump has always run his businesses, into the ground with massive debts, bankruptcies, and screwing over as many people as he can along the way. These stable genius winners have made getting test kits, masks, ventilators, etc. very slow and very expensive.

Private sector efficiency has sure showed us the failures of socialism.

[Yeehah]

17. Yeah, elect a NYC con-man who got his money from his daddy

and proceeded to bankrupt three casinos and a hotel .....WHAT COULD GO WRONG!?!

[Wellstone ruled]

14. We have enough

wide open States now to change the course of this Pandemic. If as has been said,14 days incubation,Memorial Day will be no celebration for thousands whom become positive and are headed to the ER's.

As for China,Xi has Trump by the Short ones. And when push comes to shove,all those Billions of Treasuries can be cashed with one key stroke.

[Bernardo de La Paz]

18. Greed Over People . . . nt

[iluvtennis]

20. F the stock market. We're talking about people's lives and health & well being. trump is DISGUSTING.

[Brainfodder]

24. Vulture Capitalism?

Time rethink the whole thing, redo The Constitution to remove all this BS ambiguity at the very least?

[Towlie]

25. The volcano analogy reminds me of Dante's Peak.

The town council was advised of the danger that the volcano could erupt, but the council was worried about a plunge in property values if it was announced so they decided to keep quiet about it.

[duforsure]

26. No, the truth is

The truth panics trump, and exposes him. That's why he refuses these people from testifying before the House, they'll tell the truth.

[DallasNE]

27. There He Goes Again

All he can ever think about is the precious stock market. What about the people that would die as a result of not testing?

Normal people would immediately demand of their managers to bring forward their plan and to start coordinating activities. Obama left behind a 70 page playbook. Even before tasking managers you would conduct an inventory search for current stockpiles of needed supplies. That should have started in early February. Here were are mid-May and much of that preliminary work has yet to be completed.

One would even think that FEMA and HHS would have required minimums in storage for the very essential needs, such as PPE, ventilators, etc. Shortly after that they would determine the supply chain for this and products needed by the general population for safety reasons, such as hand sanitizer (still can't get it), disinfectant wipes (can't get that either) and toilet paper (finally showing up in limited supply).

I mean, from a management standpoint I don't see how this could have been botched up any worse that what Trump botched it up. Given that Trump was already the worst President ever before CV-19 arrived the outcome was predictable. He is uniquely created to screw everything up that he touches because his head isn't turned on straight. He can't succeed.