by Bob Rinear, The International Forecaster:
There’s a lot at stake in this upcoming election, and one of the things at stake is the market and YOUR money.
As if 2020 wasn’t bad enough, you all know by now that President Trump and his wife both tested positive for covid. That has tossed things into a tizzy.
First off let me start by saying that I find it disgusting how many on the left are hoping he has it really bad and he dies. The very people that say they’re all about kindness, inclusion and caring are literally hoping the man dies. You people make me sick.
I was/am no fan of Obama or Hillary. I wanted them both out of office and frankly held to task for the illegal things they did. But I never wished them dead. That’s between God and them. Arrested? Sure, prosecuted? Sure. But not dead.
The market took the news like a punch in the gut. The futures had fallen to DOW -520. But once open, the market cut that loss in half. Pundit after Pundit were trying to talk about what this all means for the markets, the economy and things like the stimulus packages they’ve been bickering over.
But I have a bigger question, and the answer is pretty divided, depending on who you ask. As much as I think Trump wins, maybe in a landslide, what really happens if Biden wins instead?
Some are under the impression that because Democrats have always been thought of as the party of “spending,” that they will take on even more debt, to fund all their new green deal agendas. So, there’s a significant amount of people that think a Biden win will be fantastic for the stock markets.
I however am not so sure. Just a couple days ago, the founder of the Black entertainment Television network was on CNBC talking about Biden and Trump. In it he said “I’d rather stay with the devil I know, then go with the devil I don’t,” meaning he won’t vote for Joe Biden because he doesn’t know just what the heck the guy might do once elected.
I agree with that. Back to BET’s Robert Johnson:
While Johnson backed Democratic nominee Hillary Clinton in 2016, he’s since made headlines for praising Trump’s economic policies. And it’s his view that the current economy is helping black Americans.
“I think the economy is doing great, and it’s reaching populations that heretofore had very bad problems in terms of jobs and employments and the opportunities that come with employment,” Johnson told CNBC, commenting on the black unemployment rate reaching its lowest level earlier this year.
“I give the president a lot of credit for moving the economy in a positive direction that’s benefiting a large amount of Americans,” he added. “I think the tax cuts clearly helped stimulate the economy. I think business people have more confidence in the way the economy is going.”
Naturally he was attacked by the left, saying he’s out of touch with blacks, and he doesn’t understand the struggles, etc. One might simply ask, “if America is the racist craphole you say it is, how did a black man start Black Entertainment Television and become a billionaire??” Oh, they say because he sold out.