Last Gasp: Wall Street Turns on Trump

October 06, 2020 By: El Jefe Category: 2020 Election, Trump

None other than the likes of Goldman Sachs, the Wall Street Journal, Moody’s, and Bloomberg have turned on Trump, saying that Biden is better for the economy.  In a note to clients, Goldman’s chief economist, Jan Hatzius said,

All else equal, such a blue wave would likely prompt us to upgrade our forecasts. The reason is that it would sharply raise the probability of a fiscal stimulus package of at least $2 trillion shortly after the presidential inauguration on January 20, followed by longer-term spending increases on infrastructure, climate, health care and education that would at least match the likely longer-term tax increases on corporations and upper-income earners.

In the WSJ, Jason Furman, a professor of practice at Harvard, was chairman of the White House Council of Economic Advisers, 2013-17, said,

Over the longer run, the proposed tax increases would help pay for important measures to boost economic growth and ensure that it is shared more broadly. An allowance of at least $3,000 a child is a step that, if made permanent, would reduce child poverty and increase economic mobility. Expanded child care, a critical need exposed by the pandemic, would increase the labor supply. And investments in infrastructure and clean energy would dial up productivity growth. The three other estimates I am aware of for the complete Biden program, from the Penn-Wharton Budget Model, Oxford Economics and Moody’s Economy.com, also predict that it would add to overall economic growth.

Wall Street has clearly turned on Trump, and his own Madness of King George rage tweeting since returning to the Whitehouse while still contagious is cementing opinions that he’s profoundly unfit for office.  Wall Street always votes its own wallet, and it’s learned that their vote in 2016 was folly.  The path here is clear.  Trump must be removed, either by the 25th Amendment or at least at the ballot box.  Enough is enough.

 

UPDATED: The Comatose Awaken?

March 22, 2017 By: El Jefe Category: Alternative Facts, Trump

UPDATE:  Try this link.

Yesterday, the reliably right wing The Wall Street Journal awoke and turned on Cheeto Jesus yesterday, speaking to what has been obvious to the rest of the planet for months now – CJ is a liar, and clings to his lies “like a drunk to an empty gin bottle.”  The WSJ goes on to say that when the real crisis comes (and it will), will Americans believe the words he spews, or will they just dismiss it as another reality television show rant?

The incendiary tweets, bumbling second grade level language, repetition of lies he’s heard on Fox Noise and Infowars, and erratic behavior have taken their toll.

It only gets worse from here, folks.  Better strap in.

 

UPDATED: Welcome to the Big Leagues, Sonny.

February 18, 2017 By: El Jefe Category: Trump

Updated for new link.  Jared Kushner is using his position as son-in-law to SCROTUS to complain to CNN about its coverage.  Welcome to the big leagues, sonny.

 

The ACTUAL Problem for this New President

November 20, 2016 By: El Jefe Category: 2016 Election, Trump

Every time I think of Cheeto Jesus as President of the United States, I throw up in my mouth a little bit.  As normal people understand, this bullying, bloviating, bitchy, baboonish, banal buffoon is manifestly unqualified to occupy the oval office, and that’s a huge problem with global consequences.  Hard to imagine though, and to make matters worse, is that there is a magnifier to this problem: his businesses.

Cheeto Jesus has multiple enterprises that come under the parent holding company, Cheeto Organization LLC.  Within the holdings are interests in real estate and other businesses in the US, Ireland, Canada, Brazil, Azerbaijan, Scotland, Dubai, and other countries.  His financial ties are tangled, but at least some of his debt is tied to the Bank of China.

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