Today, the 24th November 2020, as President Donald J. Trump is becoming the incumbent who lost and will not become the President in the next term. Held one of the weirdest Press Conferences. As he only gave the White House Press-pool 10 minutes in advance. That he would give a statement.
The briefest statement and the weirdest. Not the first or the last time he comes out praising the numbers of Wall Street. That the man is obsessed with the numbers of Dow Jones and NASDAQ is well known. The lame duck have loved those and shown to them as his achievements.
Alas, he is still keen on having this as one of the things he did in office. However, the one minutes remarks are saying a lot. His not helping the transition of Biden. He has been reckless in office, nearly only gone golfing of late and stifled the process of the finalization of the elections. That is the sort of behaviour his been up to. That is why the Transition of Power only started officially yesterday after days of knowledge that Trump had lost. He has still not officially concede and most likely he never will.
Trump might think the numbers-game of Wall Street will help him. However, his abysmal approach to the pandemic. As the numbers are soaring. The Thanksgiving travels will not make it less and cause more spread. The lack of Federal guidelines and regulations has made it more evident that this man doesn’t concern with the spread of COVID-19. His own White House has been hit too and himself have had it at one point.
The President is reckless and acting beyond ordinary measure. That he needed 60 seconds of praising the Wall Street out of nowhere is on brand. That his trying to look successful, even when most of the things his done is a failure. The man want to look great, but isn’t at all.
Trump uses the Presidency to enrich himself and not serve. That is why these publicity stunts happens and its serves no purpose. The Wall Street doesn’t need this. They are not served with the erratic behaviour of the President. The President isn’t delivering market stability or securing the financial stability in the long-run. His run the country possibly into another recession and possibly depression, because of the aftermath of the COVID-19.
The industries, the imports and the whole trade-wars combined with a pandemic will not only deplete, but make fiscal policy more relevant. As the markets are crashing, the lack of investment and the lack of buying is going away. The foreign investments are going down, as the foreigners has enough to keep their businesses alive at home. That is why this pandemic is hurting across the board and unemployment is growing world-wide. Not only in the United States.
The President and his team haven’t configured or delivered anything substantial to the devastating effects of the pandemic. So, even if the Wall Street is booming today. The quick rise might be a fluke and sudden start falling. As the realities of the lack of money in the markets, the prices will sour and the future isn’t that bright.
Yes, Trump is soon “Gone In 60 Seconds” and the Wall Street will anticipate the moves of the Biden Administration. What they will do and how they will secure the bull-market. As it has been bullish, but who knows when its crowding out or even becoming bearish. Nothing last forever… especially not in a cruel market as the Wall Street.
So, for Trump to praise a record doesn’t say much. It is only striking that he used 60 seconds and went away. That’s just depressing and weak. His ready to cheat on the golf course and not be in office.
President Trump praising the numbers is a useless expedition. Showing that his neither serving nor working for anything useful. He could work to ensure the stop of the spread. Instead, his doing this and it won’t amount to anything.
He only used a minute, which will go down as mockery of himself. Praising the traders and bull-market, but not being there for the Average Joe when they needed him the most. During the worst pandemic in living memory. He rather praise the returns on the stock-market, than actually do anything whole heartedly while still being in office. Peace.
MinBane 