[Chicks]

This week in tRumponomics

https://finance.yahoo.com/news/this-...195307835.html

Trump’s modus operandi is to downplay or deny anything that might reflect badly on him, an unbreakable habit that will fail badly as he keeps applying it to coronavirus. Trump has consistently understated the scale of the problem and used his familiar “hoax” defense to blame Democrats for making it sound worse than it is. This week, Trump disputed the best-known fatality rate for the virus and suggested it would be fine for infected people to go to work, as long as they don’t get terribly sick. Epidemiologists desperately wish he would shut up because they’re advising anybody who feels ill to stay home and even “self-quarantine” for two weeks, to make sure they don’t infect others.

Trump learned a bad lesson from his 18-month trade war with China, when he was generally able to talk markets up with some happy chatter about breakthroughs that were always just around the corner. This time, however, markets are completely ignoring Trump and his minions and paying a lot more attention to public health experts.

This is not just a battle for sentiment. One of the very real problems in the United States is a shortage of test kits that can determine whether people with symptoms have the virus or not. The government clearly got caught flat-footed, and a new $8 billion emergency funding bill Trump signed on March 6 could help, eventually. Yet Trump simply fails to instill confidence. Investors know his first instinct is always to blame others, his second instinct is to calculate how he might profit and his third instinct is to see if it’s an opportune time to take out an enemy. At some point after that, he might think about solving a problem in a way that’s in everybody’s interest.

Wall Street has finally realized that Donny is an incompetent fool, and is ignoring his idiocy. About time. Maybe even Faux “News” will have to disown the clown eventually.