A Health-Care Crisis That's Leading To A Financial Crisis

[Yo_Mama_Been_Loggin]

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[Perseus]

1. I believe the economy was coming down no matter what, that a recession was coming, what

coronavirus and the incompetence or lack of care from this administration has done is accelerate it, and that is something that no one is talking about, but from the moment the crazy tax cuts were approved many knew it would eventually destroy the good economy that President Obama left behind and that the con has tried to make his.

The Wall Street guy being interviewed only blames the coronavirus, but he doesn't talk about the mess the administration has been making since day one, about the tax cuts that of course wall street loves but that started hurting our economy more than two years ago.

Any fool knows the good economy we had until now is not the doing of trump or republicans.

Someone wrote an opinion here in DU stating the obvious...When are we going to stop electing republicans after a Democrat has fixed the mess left behind by the last republican in office? What is wrong with people?

[bucolic_frolic]

2. Here's what's happening

in my view of course.

Trump is an unwitting tool who gave foreign actors the crisis they couldn't refuse. Seeing a country staggering with over-leveraged capitalism that piled on QE1-2-3-4 debt particularly for fracking oil companies and stock buy-backs, and sensing opportunity as Trump dithered on coronavirus, Putin and OPEC pounced by flooding the world with cheap oil. All they have to do is sit back and watch the economic and financial implosion. COVID-19 will contract our demand as we're afraid to go out in public, and it will contract our output as we're afraid to go to work.

Heckuva job, Trumpie!

[DEbluedude]

3. Excellent observation.