November 26, 2018: President Trump Isn't Going to Read a Report on Climate Change

 

11/26/18: Reporters stop the president on the South Lawn and pepper him with questions. He’s leaving for Mississippi to lead a campaign rally for Cindy Hyde-Smith, the Republican candidate in a U.S. Senate runoff election. 

Well, they ask, what does he think about the 1,656-page climate report just released by 13 government agencies? (See: 11/23/18.) 

“I’ve seen it. I’ve read some of it. And it’s fine,” he responds in lame-ass fashion. You know immediately: He didn’t read much of the report if any at all. Asked if he agreed with the report’s assessment of serious negative economic impacts which will result from climate change, he replies: “I don’t believe it.” 

(See his almost identical reaction to a United Nations report, put together by scientists from 40 nations: 10/11/18.)

 

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WELL, SCREW THE FUTURE of Planet Earth. If the stock market is up for the day, the president will brag about that. The Dow-Jones opened this year at 24,824. Two days later, Twitter Thumbs could post excitedly: 

The Fake News Media barely mentions the fact that the Stock Market just hit another New Record and that business in the U.S. is booming...but the people know! Can you imagine if “O” was president and had these numbers - would be biggest story on earth! Dow now over 25,000.

 

Alas, all three major indexes have since entered negative territory for the year. The Dow will stand at 24,285 by the end of this day. Trade war concerns, touched off by Trump’s decision to slap tariffs on imports from almost every major U.S. trading partner, followed by retaliatory tariffs, have rattled markets. Boeing suffers heavy losses after an anti-stall system on their newest plane malfunctions. An Indonesian airliner, made by the company, plunges into the sea, killing 189 aboard. The housing market slows. Auto sales stagnate. Even Amazon, the company Trump loves to loathe, is slipping. Earnings for several major retailers disappoint. 

Trump, of course, knows exactly why the market is suddenly headed south. The problem, he wails, is that Democrats regained control of the House of Representatives in the midterm election. 

Really: He says that.

 

For context, we might remember that the Big Orange Buffoon once claimed the market would plunge if Hillary were elected. It kept going up before the election even though no one thought he’d win. (Then he claimed credit for all gains in the two months between the election and Inauguration, even though he wasn’t in charge.) If you really thought about it, you had to wonder how much the B.O.B. really knew. He had predicted that the market would plummet if Obama were re-elected in 2012. Yet, a bull market that began a few months after Obama took office ran from early 2009 until the day he turned over the White House keys to his successor. 

By the time Obama left office, the Dow Jones average had risen 148%.  

President Obama probably saved capitalism and Trump didn’t inherit a mess. Obama, of course, did.

For a fuller explanation see Obama Saves Capitalism: Right-Winger Haters Dismayed.

WHO SAVED CAPITALISM? THIS GUY.