HE’S PREPARING FOR THE ‘BEAR’
It was with mild amusement that I read some recent letters to the editor claiming President Trump has done wonders for the economy. Most of the statistics cited were misleading or just plain wrong.
I just sold all of my stocks except one. Why did I do that? Because in a few to several months, I will be able to buy them back at greatly reduced prices. We are entering a bear market and I believe it is going to be bad.
The recession will not be as bad as 2008, hopefully, but it will hurt those who can least afford it. Corporations will be all right in the sense that profits will continue, and executive bonuses will remain outrageous.
The price of their stocks will go down, but other effects will be minimized because they now have their people in key positions to influence regulation and oversight.
Trump has put people with little or no experience in important positions because they meet the chief requirements of being wealthy and not saying bad things about him.
The people who will be hurt the most are farmers, laborers, and small-business owners. His ill-advised trade wars — remember how easy they were to win? — will hurt everyone except a few select investors and corporations.
If this is what making America great looks like, then I prefer the pre- and post-Trump versions of America.
LETTER WAS FILLED WITH MISINFORMATION
I agree with Steve Carrel (letter, Aug. 12) that “no one is perfect.” Fortunately, most Americans aren’t racist bigots like Trump. Carrel’s letter is filled with fabrications and misinformation.
Anyone with any moral integrity is angry because Trump spreads fear and hate toward anyone of color or the Muslim religion.
I can understand facts might be distasteful to swallow.
Nancy Pelosi never said violent actions of Antifa were justified. To the contrary, she said in a statement to media outlets that “The violent actions of people calling themselves Antifa in Berkeley this weekend deserve unequivocal condemnation, and the perpetrators should be arrested and prosecuted.”
Carrel accuses the Black Lives Matters organization of being “murderers.” Of course, the Fox News Trump channel fights for the legal right to lie and distort the truth about a peaceful organization.
Carrel suggesting Rachel Maddox said someone ought to kill Trump is an ignorant remark not worth defending.
Mr. Carrel, 16 intelligence agencies, the FBI, the Mueller investigation and Republican Graham’s Senate Intelligence Committee found Trump benefited from Russian interference in the 2016 election and Russia continues to interfere.
If Trump is reelected, Carrel might be saluting Trump and saying, “Heil, mein Führer!”