General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJust read the transcript of the word salad from this evening's presser from Twitler
He keeps approaching it like theres a quick fix for it and that fix is some sort of economic device. The problem, however, is multi-fold:
1) Ineffective and ignorant leadership
2) health-related
3) national security-related
4) worldwide
He nor any of his quisling sycophants have the FIRST freaking clue on what to do.
Wed have better luck having a team of toddlers pull random ideas out of a hat
spanone
(135,826 posts)I concur
Roland99
(53,342 posts)Donald Trump: (00:06)
Beautiful day outside. And then I think we have some great things to talk about. Ill start by discussing the Federal Reserve. As you know, it just happened minutes ago, but to me it makes me very happy. And I want to congratulate the Federal Reserve. For starters, theyve lowered the fed rate from what it was, which was one to 1.25. And its been lowered down to zero to 0.25 or 0.25. So its zero to .25 thats a big difference. Its a quite a bit, about a point.
Donald Trump: (00:47)
And in addition, very importantly, the Federal Reserve going to be purchasing $500 billion of treasuries and $200 billion of mortgage backed securities. And that number can increase, but theyre going to start with that and thats really good news. Its really great for our country. Its something that were very happy, I have to say this. Im very happy and they did it in one step. They didnt do it in four steps over a long period of time. They did it on one step.
Donald Trump: (01:18)
And I think that people in the market should be very thrilled. And that brings us, were the strongest country in the world by far financially and every other way. And that brings us in line with what other countries are. They actually have negative rates, but look, we got it down to potentially zero. So thats a big step and Im very happy they did it.
Donald Trump: (01:43)
And you will not hear anything bad about me unless its about a month or two from now. So I congratulate the Federal Reserve. I think its terrific. Just came out just as we spoke, I wasnt going to mention Federal Reserve or anything else, but this came out as we were walking up.
Donald Trump: (01:58)
I want to thank the people at Google and Google communications because as you know, they substantiated what I said on Friday. The head of Google, whos a great gentleman, called us and he apologized. I dont know where the press got their fake news, but they got it someplace. But as you know, this is from Google. They put out a release and you guys can figure it out yourselves. And how that got out, and Im sure youll apologize. But it would be great if we could really give the news correctly. It would be so, so wonderful.
Donald Trump: (02:32)
I just had a phone call with very impressive people, the biggest in the world, in the world of stores and groceries and all. And Ill give you the names Dave Clark, Whole Foods. Mark Clouse, CEO of Campbell Soup Company. Brian Cornell, CEO of Target, Randy Edeker, Chairman and CEO, President of Hy-Vee, Jeff Haremning, CEO of General Mills, great company. Kevin Birkin President, CEO of Sysco. Craig Jelinek, CEO of Costco. Todd Jones, CEO of Publix Supermarkets, Donnie King Tyson Foods. David MacLennan, Chairman and CEO of Cargill. Rodney McMillan, CEO, Chairman of Kroger, big company. Doug McMillan, CEO of Walmart. Hes been fantastic. Doug was here, as you know, on Friday and he watched the market go up 2000 points on Friday. It went up 2000 almost 2000 points. Todd Vasos, CEO of Dollar General Corporation, and Vivek San Quran, President and CEO of Albertsons.
Donald Trump: (04:03)
So these are all phenomenal companies. Hes a great companies. We had a long conversation with them and theyre going to work 24 hours around the clock, keeping their store stocked. I would like to say that people shouldnt go out and buy. Were going to all be great. Were going to be so good. Were going to do, whats happened with the fed is phenomenal news. Whats happening with all of these incredible companies is phenomenal news. But you dont have to buy so much. Take it easy. Just relax. People are going in and theyre buying more. I remember, I guess during the conversation, Doug of Walmart said that they buying more than they buy a Christmas. Relax, were doing great. It all will pass.
Donald Trump: (04:47)
The folks that we spoke to, theyve done a fantastic job. Theyre going to meet the needs of the public. Theyre going round the clock if they have to and theyre committed to the communities where theyre serving and which they serve so beautifully and have for a long time. And theyre buying a lot of additional things to sell. But again, they actually have asked me to say, Could you buy a little bit less please? I thought Id never hear that from a retailer. All of them are working hand in hand with the Federal Government as well as the state and local leaders to ensure food and essentials are constantly available. And theyll do it. Theres no shortages. We have no shortages other than people are buying anywhere from three to five times what they would normally buy.
Donald Trump: (05:31)
Its going to be there for a long time. Were doing numbers and theres a pent up demand thats incredible. When this passes, when this goes through, youre going to see numbers. I think, I predict, I guess Im allowed to predict just like Wall Street people are allowed to predict and theyre pretty much in agreement. Youre going to see theres a pent up demand like a lot of people including me havent seen before. But this has to get through.
Donald Trump: (05:57)
They know theyre getting through the crisis and will require an all of America approach and thats very important. Theyre committed to remaining open during this crisis. Totally open. They have to stay open. Those doors have to stay open. They supply our country. Our supply chains in America, the most powerful in the world, and theyre all working very hard. Theyre working around the clock and the stores are stocking up at a level thats beyond Christmas time. And its great. It was very reassuring speaking to these people. They have a totally in hand.
Donald Trump: (06:28)
Theres no need for anybody in the country to hoard essential food supplies. They said to me, Could you please tell them just go and buy. Enjoy it, have a nice dinner, relax because theres plenty. You dont have to buy the quantities because its hard to refill the stores on a basis as rapid as theyre refilling them.
Donald Trump: (06:50)
And we are using the full power of the Federal Government to defeat the coronavirus. And we will do whatever it takes and were doing, I think really, really well. A lot of good things are going to happen. I want to thank all of the people standing behind me. These are phenomenal people and we have some of them right over here. But the people behind me have been working around the clock and theyre doing an incredible job.
Donald Trump: (07:18)
We see whats happening. We see whats going on in other countries. Were learning from watching other countries, frankly. This is a very contagious virus. Its incredible, but its something that we have a tremendous control of. I think very important the young people, people of good health and groups of people just are not strongly affected. Elderly people that are not well or not well in certain respects are a really a very dangerous group. We have to watch them, we have to protect them very much. We have to really watch over them and protect them because they are very vulnerable. And with that if its okay Im just going to go and make some calls. Im talking about Federal Reserve. I think its a tremendous thing that took place just now. I didnt know I would be surprised on a Sunday. I dont know if thats ever happened on a Sunday before, but I would think there are a lot of people on Wall Street that are very happy. And I can tell you that Im very happy. I didnt expect this and I like being surprised. So our Vice President who is doing an incredible job is going to take over and I will see you probably tomorrow.
Docreed2003
(16,858 posts)Roland99
(53,342 posts)Virtually NO mention of victims or hardships or struggles by the hospitals and medical workers nor the mess in airports all over
UpInArms
(51,281 posts)And you will not hear anything bad about me unless its about a month or two from now. So I congratulate the Federal Reserve. I think its terrific. Just came out just as we spoke, I wasnt going to mention Federal Reserve or anything else, but this came out as we were walking up.
I couldnt get any further after that....
We are screwn
milestogo
(16,829 posts)No, I'm on DU every day and I hear bad things about you constantly.
thecrow
(5,519 posts)Oh yippee! In a month or two of this, I want to hear it all. If Im still alive.
In a month or two we will all be Chinese-Italian-Iranians.
Im too busy hunkering down.
dalton99a
(81,455 posts)Incredible, tremendous, fantastic, very happy, very happy, just phenomenal
Arkansas Granny
(31,515 posts)flibbitygiblets
(7,220 posts)SammyWinstonJack
(44,130 posts)BSdetect
(8,998 posts)dchill
(38,472 posts)...their base AND their campaign contributors - all of whom just want us riff-raffs to get sick and die.
Grasswire2
(13,568 posts)"I want to thank the people at Google and Google communications because as you know, they substantiated what I said on Friday. The head of Google, whos a great gentleman, called us and he apologized. I dont know where the press got their fake news, but they got it someplace. But as you know, this is from Google. They put out a release and you guys can figure it out yourselves. And how that got out, and Im sure youll apologize. But it would be great if we could really give the news correctly. It would be so, so wonderful. "
At that point, he took the paper he was reading and artfully tossed it to the floor.
I have not seen an apology from Google. Or a release, as he claims.
exboyfil
(17,862 posts)We need to see it sometime before the election. Should ask Google for a copy as well.
Claustrum
(4,845 posts)How do you read or hear his gibberish? I am an immigrant and I have a better handle on the English language than he does. And it annoys me so much with his speech pattern.
milestogo
(16,829 posts)Roland99
(53,342 posts)Roland99
(53,342 posts)Link to tweet
volstork
(5,400 posts)the president's response to coronavirus "will now be the model for all future pandemics" IN A STEPHEN KING DYSTOPIAN HELLSCAPE.
There. Now it makes sense.
Claustrum
(4,845 posts)malaise
(268,942 posts)He's a raving lunatic
leftieNanner
(15,082 posts)Futures down the maximum! Look out tomorrow!
Roland99
(53,342 posts)And Europe markets cratering
FTSE 100 -7.05%
DAX -8.51%
CAC 40 -9.72%
FTSE MIB -9.17%
IBEX 35 -10.20%
Stoxx 600 -8.67%
BSdetect
(8,998 posts)ZenDem
(442 posts)Tick Tock, shithead.
Baked Potato
(7,733 posts)Its always a trickle down approach to everything.