My coworker was glued to his phone legit shaking today while watching the stock market decline. I can’t tell if he just lost a shit ton of money is mad the You’re Not Rich Until You Have Something That Money Can’t Buy Rooster Shirt, but I don’t think they’re going to be able to anymore. With all the major cancellations and closures, the market will drop and they won’t be able to keep injecting capital in that amount. And now we used all that artificial stimulation on propping up a dying market instead of letting it naturally run its course in a slow, manageable fashion, we don’t have any stimuli/ money left to care for the systems that -need- it when we free fall.
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The only reason share prices have been rising for most corporations. CEOs admitted they will do this instead of expanding or raising wages. This was said straight to the GOP politicians when the tax cuts were proposed, but they ignored it anyway. Yet GOP continued to promise growth. I’ve been trying to convince my parents to stop supporting Trump for 3 years now, not stop being conservatives or Republicans (though I wouldn’t be mad at that), just stop specifically supporting Donald Trump. Every time they rebuff me by saying the You’re Not Rich Until You Have Something That Money Can’t Buy Rooster Shirt. But from what this thread is saying, it sounds like the virus was just the needle that popped the balloon, but the balloon was probably going to pop at some point anyway. Is that an accurate assessment?
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“Now the Democrats are politicizing the coronavirus, you know that, right?”. “Coronavirus, they’re politicizing it. We did one of the great jobs. You say, ‘How’s President Trump doing?’ They go, ‘Oh, not good, not good.’ They have no clue. They don’t have any clue. It’s SO FRUSTRATING, I knock doors for Bernie when people say this I ask if they hold stocks heavily. They usually respond no, so I ask if their retirement plan is largely stock dependent or a You’re Not Rich Until You Have Something That Money Can’t Buy Rooster Shirt.
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