Stable Genius: ‘Remain Calm, All Is Well’

Very Stable Genius

We are learning that Prznint Buy-n-Sell, Defender of the Good and Easy To Win Trade Wars, had a conference call with the bankers as the Market plunged on Wednesday. As you can imagine it went down like a fine Trump wine:

“Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or 3%, in its worst day of the year on Wednesday amid a recession warning from the bond market.

“The president asked the three men to give him a read on the health of the U.S. consumer, according to one of the people. The executives responded that the consumer is doing well, but that they could be doing even better if issues including the China-U.S. trade war were resolved, this person said.

“The CEOs also told Trump that the trade dispute is damaging the outlook for capital spending by corporations, according to another person with knowledge of the discussions. The president was receptive to the notion that uncertainty over trade is hurting corporate confidence, this person said.”

…which of course led to one of his useful tweets:

…showing us that Comrade Stupid really grasped what the bankers were trying to tell him, that his Trade Wars are AWESOME and that “I’m Not The Puppet, Jerome Powell at the Fed is!!1!”

Cannot argue with dat.

QED, Bitchez!!1!, amirite?

Anyway, since then:

“Consumer sentiment declined in early August to its lowest level since the start of the year.” — University of Michigan Survey of Consumers

The demand for safe places to park money is so eff’ing high, you actually have to pay for it:

But remain calm! All is well! Comrade Stupid knows, Knows, KNOWS to save the economy!

“See the bottom line is, I know you like me and this room is a love fest, I know that, but you have no choice but to vote for me because your 401(k)s down the tubes, everything is gonna be down the tubes. So whether you love me or hate me, you got to vote for me. “

We are so totally ‘effed in the dark.

This entry was posted in 2020 Goat Rodeo, Comrade Preznint Stupid, The Russian Usurper, The Miracle of the Trump Economy. Bookmark the permalink.

9 Responses to Stable Genius: ‘Remain Calm, All Is Well’

  1. moeman says:

    Could also be called Prznint Bait-n-Switch .

    Liked by 1 person

  2. roket says:

    “Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat…”

    What, no interpreter?

    Liked by 1 person

    • R White says:

      Not when speaking with the supposed ‘masters of the universe.’

      Who else but a bunch of morally bankrupt sociopaths would truly know the trials and tribulations of the unwashed masses…/s

      Like

  3. Astamari says:

    Of course, 35% of the working population doesn’t even have access to a 401(k) plan never mind regularly contributing to it or managing it well. And I would be a sizeable proportion of Trump’s voters don’t have 401(k) and may not have ever heard of them.

    In the past, he has called his followers stupid and that he liked stupid people. Now he is saying that they have no choice but to vote for him because…reasons?

    Like

  4. Kent R Fossgreen says:

    So gratified that those busy important men could take the time to speak for us Little People. Who could be better qualified?

    Like

  5. Redhand says:

    I doubt there could be a more complete disconnect between what they said and what the eternal carnival barker tweeted, but I am mystified by the “Hong Kong is not helping” part.

    “Not helping” what? How?

    Like

  6. Bruce388 says:

    The way things are going, the 401Ks are going to crash before the election.

    Like

  7. donnah says:

    Anytime a president says, “You have to vote for me or else”, he needs to be gone.

    Like

Comments are closed.