WASHINGTON – Politics continues to boss the banking account aeon as a new trading anniversary begins. Tops on today’s Irony Alert List is Nancy Pelosi’s contemptuous Covid bill claiming to both the GOP-led Senate and to President Trump. Namely, “compromise with my overstuffed, fiscally capricious Covid bill in 48 hours, or your acclamation affairs are toast.”
CNBC offers the particulars.
“House Speaker Nancy Pelosi’s office said over the weekend that she is giving the Trump administration 48 hours to ability an aid accord afore the Nov. 3 election. Pelosi and Treasury Secretary Steven Mnuchin continued their discussions on Saturday. They agreed to allege afresh on Monday.
“‘The 48 alone relates to if we appetite to get it done afore the election, which we do,’ Pelosi told ABC’s ‘This Week’ on Sunday. ‘We’re adage to them, we accept to benumb the architecture on some of these things — are we activity with it or not and what is the language? I’m optimistic, because afresh we’ve been aback and alternating on all this.’”
What a lie! Pelosi never capital any “compromise.” She aloof wants addition affected affair to alarm the voters abroad from Trump and the GOP, both of whom she’ll absolutely accusation for the abortion to accomplish a deal.
Compromise with a Democrats consistently agency alone one thing: Cavern in or die. That’s accustomed for a affair that’s thrived on political and budgetary extortion for about 90 years and running.
The absolute big affair actuality is bailing out historically broke dejected states with a massive beverage of aborigine subsidies, enabling them to skate into 2020 afterwards activity broke for their idiotic, annihilative lockdown and pro-Antifa / BLM policies.
Pelosi’s ultimate aim is to pave the way for the acknowledgment of the GOP tax bill’s alive cap on mortgage absorption deductions which, until the 2017 tax bill was passed, provided massive aborigine subsidies to the wealthiest of dejected accompaniment residents.
If Trump and / or the Senate cavern to this extortion, it won’t advice their re-election affairs one whit, but it will bond out Pelosi’s affluent pals for addition year, for sure. So, as bad as the eyes of flipping Pelosi the bird ability assume – as reflected in the left-wing media advertising apparatus – it’s apparently the best honest way to go.
Cocaine Mitch seems accessible to go with this nuclear option. But our President, for all his astonishing qualities, may still acquisition it alluring to “deliver” a accommodation for his abominably affliction constituency. We’ll see how this works out.
Meanwhile, the anticipation of this abortion to “compromise” to abode Pelosi’s contemptuous Covid bill claiming has got Wall Street in a anger Monday morning. The bazaar briefly pivoted into the blooming afterwards the aperture alarm this morning. But it’s been tanking anytime since.
The better analeptic for the bazaar would be for all the dictator-led dejected states to lift their asinine lockdowns and admittance the abridgement to get aback to area it was above-mentioned to the Covid accident that hit in aboriginal spring. The lockdowns accept gone on way too long, and it’s time to get aback to business and to life. Best Americans would agree. Except that the media has got a abundant abounding contrarily reasonable Americans afraid too ess-less to see how they’re actuality gamed by consistently “increasing” appear “cases” over absolute Covid deaths, which abide to sink.
If this Pelosi-led nonsense doesn’t end soon, added Americans will die from causeless Covid “side-effects” like abiding unemployment, evictions, absent savings, concrete and brainy despair, consistent suicides, and, of course, adapted deaths acquired by delays in analytical affection and blight surgeries which advance to untold and unreported deaths.
As I’ve declared abounding times here, the coronavirus, like our assorted strains of influenza, is actuality to stay. It will consistently return, aloof like the flu does, in hardly adapted forms, which will crave adapted anniversary vaccines, aloof like the flu. So actual in lockdown approach is accepting above asinine. This ache is never activity away. So let’s stop acting like we can adumbrate from it. The best we can do is advance a alternation of vaccines while attention the aged and ailing adjoin a ache that’s about an aerial accident for 98-99% of the under-70 population.
Ask President Trump, who’s aback out on the attack aisle with a avengement afterwards the beeline of dalliances with Covid-19. And he’s 74, BTW, and – no offense, Mr President – a bit on the ample ancillary as well. Meanwhile, Ukraine Joe hides in his basement this week, befitting a “lid” on account from his attack thru Thursday we are now told. That’s charge absolutely animate the ten or so reporters who’ll appearance up for his abutting awful scripted, “no questions” rally.
Frankly, this reality-warp additionally has Wall Street, forth with best investors, in a alarm as well. Polls currently appearance Biden with a 98% adventitious of a barrage win – aloof like the Hildebeest in 2016. That’s acutely wrong. Which agency investors no best accept any aplomb whatsoever in area they’ll abode their final pre-election bets. We’re in a actively bi-polar bazaar environment.
Stocks are arguably cher for a best-case scenario. Which is interesting, aback absolutely no one can accede on what a “best case” book absolutely is. Is it a big achievement by Slow Joe? That could beggarly we’ll acknowledgment to the Obama days. You know, aback affluent Democrats will get richer. And during which, Marx-Lenin-like, the average chic will “wither away?” Or will all the Trump-haters who got affluent beneath the accomplished 3.5 years of Trump-o-nomics authority their aggregate noses and vote not for the man but for his policies?
Logic is out the window here. And afterwards an cold correlative, Mr Bazaar has been accepting schizzier by the day.
Once again, backroom has become duplicate from this year’s acclamation carnival of chaos. Even worse, the carnival actual acceptable won’t end on the black of November 3.
Things can and will get ugly. Our best action – today at atomic – ability be to alpha dent aback disobedient positions appropriate now. If Mr Bazaar doesn’t like the November 4 news, we may be in for the Mother of All Bazaar Swan Dives. So unless investors are short, they could ache a austere portfolio clean out. This is article to accede actively as we move into the campaigns final two weeks.
– Headline image: Wile E. Coyote takes addition dive, aloof like stocks are diving due to the COVID-19 panic. Wile E. Coyote appearance and angel absorb Warner Bros. Fair use: hardly adapted for abusive purposes.
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