After buying into the coprolite being flung by the very curious Anthony Fauci, President Trump mismanaged the optics of the COVID-19 threat and sent most of the nation into hysteria.
His rivals in the Democratic Party took advantage and charged at every turn that he wasn’t doing enough and so he responded with doing things that make no sense in terms of sound health policy, from running the wrong kind of sampling tests to determine how serious a threat COVID-19 is to buying more ventilators for the nation, ventilators that Trump should have been advised early on were an improper treatment the way they were being used and mostly doing nothing but killing those put on them.
Trump’s economic policy has been as equally disastrous and actually may do more harm in the long run than his hysteria triggering COVID-19 actions.
His Democratic rivals have shut down large swaths of the country and they have been only able to do so without pitchfork revolutions because Trump has bailed them out with orders to finance nearly all those who have been hurt by the lockdown. And he is paying Wall Street a good chunk to distribute some of the cash to those on lockdown. Cash the government doesn’t have and so is simply being printed out of thin air by the Federal Reserve Board.
As I point out in the EPJ Daily Alert, current Fed money supply printing is at levels we haven’t seen in decades and there is no indication that it is going to stop anytime soon. There is a lot more money that Trump is ordering to be spent.
Robert Aro reports:
This has been an extremely popular and effective program, no question about it. You know, keeping folks on the payroll is so important….we will be looking at that.
Between the maximum capacity of these three programs, the Fed may contribute a $1.7 trillion increase to the money supply. How big the balance sheet will be by the time life returns to normal is anyone’s guess. Also keep in mind that the effect of the banks later pyramiding this money is rarely ever discussed.
Yes, Trump is in way over his head. He triggered a panic for no good reason and now he is bailing out, to the tune of trillions of dollars, those that want to make him look like an incompetent.
What a disaster. What a clown. What an incompetent.