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July 19, 2021

DJIA Plunges 725 Points on Heightened Covid Fears; Puddinhead Joe Laughs It Off

You know, if they shutdown again, there might not be an economy left to reopen.

But Karen's Gonna Karen.

JUL 19, 2021 4:38PM EDT The Dow Jones Industrial Average is down 863 points, or 2.5%, as of 1:14 p.m. EDT on July 19, as investors send travel, banking, and energy company stocks down sharply. Today's sharp sell-off, which is on track to be the Dow's worst day since last October, is happening as cases of COVID-19 surge in the U.S. and around the world, threatening to derail a strong economic recovery.

Joe Biden: the palsied hand at the wheel.

With people on edge, Biden took to the podium to make matters even worse with an unbelievably tone-deaf and economically illiterate response.
Charlie Spiering @charliespiering

"It turns out capitalism is alive and well" says Joe Biden after stock market drops over 700 points -- also promises "long-term boom"

So he blamed the market drop on... capitalism?

It's not capitalism that's forcing economic shutdowns on the world, Puddin'head. It's governments, chiefly those with a socialist bent.

Biden also claimed that "no serious economist" expects the inflation he's creating to persist:

Charlie Spiering @charliespiering

Joe Biden: "There's nobody suggesting there's unchecked inflation is on the way. No serious economist."

In saying that, he reported that his own Treasury Secretary Janet Yellin was "no serious economist," as she says that we can expect inflation "for several more months," which is Government Hack-Speak for "years:"

Puddin'head Joe wasn't quite done reassuring us on inflation just yet, as he also wanted to tell us that his plan to beat inflation is to, apparently, create so much inflation that we inflate our way out of inflation.

That made sense to this CNN "journalist." Inflating our way out of inflation. Pumping out so many increasingly-debased dollars that inflation's head will spin and it will just give up in exhaustion.

Here's me, in a Biden-like strained whisper:

The crash is coming. Protect yourselves.

But the TWEETS! Mwah, the tweets are magnifique.

digg this
posted by Ace at 05:44 PM

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