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Bloomberg Rips Trump and Trump Backs Down

Summary:
Realist13 hrsFor a change of pace, instead of being a voice of reason, I will join the group of conspiracy theorists, sensationalists, and chicken littles who like to talk about the coming catastrophes. Let us assume that the Coronavirus turns into a Pandemic that spreads around the globe, as many here keep predicting. This could indeed bring on a recession. Some would assume that a recession would be bad for Trump’s re-election chances. I think that a Pandemic and recession would be a crisis that Trump would use to his advantage. First, to counter the economic repercussions, he would announce a variety of measures, such as: Tax cuts, increased government spending, a rescinding of all tariffs (which will be justified because they had ”successfully” accomplished their goal of reducing the

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Realist

For a change of pace, instead of being a voice of reason, I will join the group of conspiracy theorists, sensationalists, and chicken littles who like to talk about the coming catastrophes.

Let us assume that the Coronavirus turns into a Pandemic that spreads around the globe, as many here keep predicting.

This could indeed bring on a recession.

Some would assume that a recession would be bad for Trump’s re-election chances.

I think that a Pandemic and recession would be a crisis that Trump would use to his advantage.

First, to counter the economic repercussions, he would announce a variety of measures, such as:

Tax cuts, increased government spending, a rescinding of all tariffs (which will be justified because they had ”successfully” accomplished their goal of reducing the trade deficit), lower interest rates, consumer spending incentives, etc

Second, in the guise of ”defending” against the virus, Trump will allocate billions to complete his border wall to keep out the plague infected walking dead from all over the world.

He will also build numerous ”virus containment” facilities where those who are deemed likely to contract the virus will be ”concentrated” together in luxurious living quarters. These facilities will have high temperature ovens to safely burn those who succumb to the disease.

He will also form a citizens ”militia” to patrol the streets and check for proper ID. Any card carrying member of the Republican Party and the NRA will be automatically enrolled into the Trump Militia and issued a Space Force Uniform and fully operational AR15. They will roam the country “keeping the peace”.

Of course, this is also the perfect opportunity to gather up any illegal aliens, and others deemed “questionable”. They will be given the “choice” of emigrating to any country that will accept them, or a virus containment facility.

Third; Trump will use this crisis to expand the powers of the President.

He will declare a War Measures Act and “temporarily” suspend some or all of the following:

The upcoming election.

The House.

The Senate.

The Judiciary.

The Constitution.

He will use his new powers to round up all opposition, including all Democrats.

Fourth: he will take down the Statue of Liberty and replace it with a monument to himself, with his arm held high, giving a tiny finger to the rest of the world.

What do you think? Am I close?

Your friendly neighborhood Realist.

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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