Yesterday saw the Dow plummet more than 1,000 points. It closed yesterday at 950 points below its previous closing price, following the South African announcement of a COVID variant.
The people immediately saw more severe government restrictions.
Polito
The S&P 500 was down 2.3%, on pace for its worst day since February. As health officials from Europe and Britain quickly proposed suspending travel to southern Africa, airlines and travel stock stocks fell. In the face of fears of an additional slowdown, oil prices fell by 13%.
Blue chips fell 950 points in midday trading, to 34.857. Nasdaq Composite fell 2%.
Marketwatch stated that it would be the most severe Black Friday since 1970.
As we reported, the Biden team was in utter confusion in response to the announcement of the new variant, with Dr. Anthony Fauci appearing on CNN and saying they weren’t thinking about banning travel yet from affected areas. Then Joe Biden, a couple of hours later, saying he would be banning travel from eight African countries based upon Fauci’s recommendation to do so, earlier in the day before he went on television. This is a joke show. Then having made that decision, Biden said it wasn’t going to go into effect until Monday, which makes no sense if you’re trying to respond immediately to it.
A reporter managed to track Biden down on his Thanksgiving holiday in Nantucket, RI, where he’s staying at a billionaire’s compound with family members, and asked him what he thought about the precipitous dive in the stock market.
Biden’s response was classic Biden: basically, ‘how dare you suggest anything that happens under me is bad? How is this bad?’
When asked if the stock market’s worst day of the year following a massive sell-off concerns him, Joe Biden says, “Not at all. You wouldn’t think so.” pic.twitter.com/SxJHfDoO8l
— RNC Research (@RNCResearch) November 26, 2021
“What about the markets dropping, sir?” he was asked. “The markets have dropped significantly today. What’s your response to that?”
“Expected. They always do when COVID rises,” Biden responded.
“Does it worry you at all,” the reported queried.
“Not at all,” Biden replied. “Why would it?”
Of course, it wouldn’t bother him. Why would it? He’s in Nantucket, safely ensconced at the billionaire’s pad, his money (and that 10 percent) likely secure. His 401(k) isn’t endangered, and he doesn’t have to worry about abiding by more COVID restrictions that even now he’s likely mulling over — he’ll just blow them off anyway, as he has done in the past. If you’re worried, you just need to have “perspective,” like he told Americans they needed over inflation concerns. This is out-of-touch.
Joe Biden encourages struggling Americans to think critically about their economy and offers some perspective. pic.twitter.com/TQzMmel0vh
— RNC Research (@RNCResearch) November 23, 2021
Need we remind him that he supposedly ran on having a plan to “stop” COVID?
— Dr. Nickarama (@nickaramaOG) November 27, 2021
Yet he had no plan and hasn’t even come close to stopping it. Here we are, now talking about Omicron. Of course, it’s ridiculous to say that he could “stop” a virus. But that’s what he tried to sell people and some people bought that. All kinds of observations were made about how President Donald Trump handled the virus. Yet there are more people dead from the virus under Biden — and that’s despite the vaccines provided by Trump, and despite the therapeutics that we have since developed to deal with the virus.
Then, who did what to stop it? His actions have contributed to the current bad inflation facing Americans.
This is Joe Biden: we’ve moved from “I will stop the virus” to it’s “expected” that bad things will happen when it “rises.”
This post was last modified on November 27, 2021 3:46 pm
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