Trump signals growing skepticism about coronavirus lockdown

President Donald Trump on Sunday night appeared to suggest he would soon consider relaxing federal guidelines meant to combat the coronavirus pandemic — even as senior administration officials promoted those measures as critical to preventing further loss of life and predicted a grim week ahead.

“WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF,” Trump wrote on Twitter shortly before midnight. “AT THE END OF THE 15 DAY PERIOD, WE WILL MAKE A DECISION AS TO WHICH WAY WE WANT TO GO!”

The president’s message referred to the administration’s “15 Days to Slow the Spread” initiative, announced last Monday, which urged Americans to practice social distancing; avoid gatherings of more than 10 people; work or attend school from home whenever possible; and abstain from eating or drinking at bars, restaurants and food courts.

At the White House coronavirus task force’s daily press briefing Sunday,Vice President Mike Pence noted that the country was seven days into the effortand praised Americans’ participation thus far.

“With the cooperation, compassion, generosity, and prayers of the American people, we can slow the spread, we can protect the most vulnerable, and we can heal our land,” Pence said. “So let’s do it, America.”

But while the guidance is helping “flatten the curve” of infected individuals within the United States, it has also contributed to a precipitous drop in economic activity.

Even more stringent directives issued by state and local authorities, such as large-scale “shelter-in-place” orders, have similarly spooked financial markets and provoked fears of an imminent recession.

On Monday morning, Trump signaled growing skepticism regarding those health-related lockdowns, retweeting a handful of accounts that proposed Americans return to work in the near future and advocated for a resumption of daily life in the U.S.

“The fear of the virus cannot collapse our economy that President Trump has built up,” read a tweet shared by the president. “We The People are smart enough to keep away from others if we know that we are sick or they are sick! After 15 days are over the world can begin to heal!”

In another post Trump retweeted, a Twitter user wrote that after 15 days, “we keep the high risk groups protected as necessary and the rest of us go back to work.”

The president’s social media activity came as Surgeon General Jerome Adams made a string of appearances on morning news shows, repeatedly cautioning that the coming days would prove among the most difficult in Americans’ fight against the public health crisis.

[Politico]

Reality

Trump’s tweets came minutes after Fox News Steve Hilton said the same thing.

After criticism by Paul Krugman, Trump just lashed out at American labor on Labor Day

For a newspaper that he constantly describes as “failing” and “Fake News,” Donald Trump pays an awful lot of attention to The New York Times.

A series of tweets by the paper’s Nobel Prize-winning economics columnist Paul Krugman referenced an article in the newspaper on how Trump’s establishment of “Opportunity Zones” — part of the Republican tax bill that gave billions in tax cuts to the already wealthy while offering pittances to everyone else — primarily benefited Trump’s associates and benefactors in a swampy mass of corruption as usual.

Krugman’s strong indictment of the Trump administration’s tax policies — coupled with The New York Times’ exposure of the dark underbelly of billionaire tax evasion schemes — was enough to set the president off on an epic Twitter rant, one not likely to earn him the Nobel Prize in economics that his critic already possesses.

With growing predictions of an impending economic recession looming, Trump defended his economic policies with the usual parcel of lies he offers in defense of his economic stewardship to his gullible followers.

Nothing says “truthiness” like a quote praising Trump from Fox News, at least in the president’s own eyes.

Trump went directly after Krugman in his next tweet.

Trump’s criticism of Krugman’s economic advice would certainly carry more weight if the figures he used in his tweet were anything close to the reality of the stock market performance.

No, the stock market hasn’t grown “over 50%” since Trump took office. The S&P 500 was up around 29% since the beginning of the president’s term until mid-August of this year — a figure that compares negatively to the index’s performance of a 46% gain at the same point in the Obama presidency.

Yet, any rise in the market during the Trump administration also ignores the fact that only slightly more than 50% of Americans actually own any stocks whatsoever and that the richest 10% of households controlled 84% of the total value of the stock market.

Trump says that anyone following Krugman’s advice would be doing “VERY poorly,” but their opinions about that advice will change dramatically when the poor market fundamentals caused by Trump’s trade wars and tariff impositions lead to an inevitable market collapse and wipe out the paper wealth that was generated during his term.

Unfortunately for America and the global economy, Trump is the one who doesn’t “get it.” With the U.S. Treasury bond yield curve still inverted — a historical sign that a market crash is imminent as investors flee the stock market to the safety of government bonds — chances are good that the US will enter a recession before the 2020 elections are held.

At that point, no amount of tweeted lies by Donald Trump will help reverse the economic damage his policies have caused. The smart money is following Krugman’s advice while the rich continue to exploit Trump’s tax policies to siphon money from government services that the rest of us depend on while driving up government debt to make their case to cut back or even eliminate those services.

[Occupy Democrats]

Trump Calls For Joe Biden to Be Investigated: ‘It’s a Disgrace’

In his interview with Fox News host Steve Hilton, President Donald Trumpcalled for an investigation into one of his 2020 rivals, Joe Biden, and the former vice president’s ties to China.

Granted, Trump didn’t bring up the prospect of investigation, he was egged on by Hilton. “Don’t you think that should be investigated?” the Fox News host asked. “That financial connection –the Chinese government putting billions of dollars into Biden’s family business.”

Trump’s answer: “1oo percent.”

“It’s a disgrace,” the president continued. “And then he says China’s not a competitor of ours. China is a massive competitor of ours. They want to take over the world.”

Hilton’s question appears based on a claim from Peter Schweizer — author of Clinton Cash — who wrote hat the firm of Joe Biden’s son Hunter Biden “inked a $1 billion private equity deal with a subsidiary of the Chinese government’s Bank of China.”

On a somewhat related note, Trump’s attorney, Rudy Giuliani, recently floated plans to travel to Ukraine and convince the government to launch an investigation on the Biden family. Giuliani has dropped that idea last week, and yesterday, a Ukranian prosecutor said in an interview that his government has no evidence of wrongdoing by the Bidens.

[Mediaite]

Trump says Mulvaney had ‘no right’ if he cast doubt on infrastructure talks

President Donald Trump expressed frustrations against his acting chief of staff, Mick Mulvaney, for questioning the prospects of striking a deal with Democrats on an infrastructure plan, placing doubt on whether Mulvaney actually criticized the plan even though his comments were captured on camera.

In a newly released clip of a Fox News interview airing Sunday, Trump was asked whether he still wants to pursue a large infrastructure plan with Democrats even though Mulvaney threw cold water on the idea.

“Yeah, if Mick Mulvaney said that, then he has no right to say that. He tells me he didn’t say that and he didn’t mean it. He said it’s going to be hard to finance,” the President told “The Next Revolution” host Steve Hilton.

However, despite the President’s claim that Mulvaney hadn’t cast doubts on the plan, he did so on camera last month.

“Is this a real negotiation? I think it remains to be seen,” Mulvaney said at the Milken Institute in Beverly Hills referring to the infrastructure deal, adding, “I think there’s a much better chance of getting NAFTA passed than getting an infrastructure deal passed.”

The comment came as Democrats met with Trump and administration officials at the White House to discuss a potential infrastructure plan. Both parties suggested the meeting went well, but there hasn’t been much news on where the negotiations will go next.

Pressed further during the Fox News interview whether he’d still like to pursue an infrastructure plan with Democrats, Trump said he does want to move forward, but worried about raising taxes.

“I do, but I also think we’re being played by the Democrats a little bit,” he said.
“You know, I think what they want me to do is say, ‘well what we’ll do is raise taxes, and we’ll do this and this and this,’ and then they’ll have a news conference — see, Trump wants to raise taxes. So it’s a little bit of a game.”

[CNN]

Reality

Watch Mick Mulvaney say the thing Trump claimed he never said.

‘So True’: Trump Tweets Out Seven Fox News Segments in One Day in Wake of Mueller Report

Today President Donald Trump has been sharing a number of clips from Fox News and Fox Business segments on the Mueller report.

The main Fox News account may have stopped tweeting since November as of now, but the president’s Twitter feed today has featured plenty of Fox content.

Trump shared clips of Mark LevinSteve HiltonByron YorkLou Dobbs, and Gregg Jarrett talking about the Mueller report and the fallout from the past few days:

[Mediaite]

Trump Responds to Fox News Chyron Praise: I ‘Just Want to Do What is Right’

President Donald Trump spent a bit of time Sunday night live-tweeting Fox News.

At the top of Fox News’ The Next Revolution with Steve Hilton a chyron appeared on the screen reading “Steve: Trump’s triumphs are driving his critics crazy.”

Trump, obviously pleased with the praise, responded with a tweet, quoting the words on the screen.

“‘Trump’s Triumphs are driving his critics Crazy!’” Trump wrote, adding the exclamation point. “Thank you Steve Hilton, just want to do what is right for our wonderful U.S.A.”

At the close of the Trump flattering show, Hilton then acknowledged Trump’s tweet and gave him another shout out, noting the “special viewer watching us” and adding, “we’re just glad he’s watching and glad all of you are, too.”

[Mediaite]