Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Happy Hoosier

(6,773 posts)
Thu Mar 12, 2020, 09:33 AM Mar 2020

A question for the class... Say the Dow drops below 20,000....

So we can agree, I think that this crash is not good news for the Orange Asshole.

But at what point does support for him among the investor class collapse? I mean, they are taking it in the shorts right now (and so is my 401K), but so far, they've supported him. If the Dow drops through the psychological 20,000 barrier, do they finally abandon him and embrace the steady, competent leadership offered by the Democrats (we're hear to clean up the GOP's mess.... AGAIN).

17 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

exboyfil

(17,830 posts)
15. Which is a bad measure
Thu Mar 12, 2020, 10:00 AM
Mar 2020

Those of us who are saving for retirement have been investing all during the run up. If we were investing to get the 50% return that Trump was mocking us for not getting, then the situation would even be more dire.

This is my go to Trump quote. We need campaign ads around it.

Trump: STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?

Orrex

(62,992 posts)
7. Republican assholes will say we need Trump to see us through this crisis
Thu Mar 12, 2020, 09:43 AM
Mar 2020

And his fuckhead cultists will reaffirm their worship every chance they get.

It's unrealistic to think that a mere worldwide bio-economic catastrophe will shake their faith in the worthless orange asshole.

Yavin4

(35,227 posts)
9. Answer- What happened after Obama's steady leadership restored confidence in the markets
Thu Mar 12, 2020, 09:45 AM
Mar 2020

after Bush II. Were investors grateful to him and the Democrats?

Brainfodder

(6,411 posts)
11. Boycott and announce all sponsors of the propaganda channel on twitter for boycott?
Thu Mar 12, 2020, 09:48 AM
Mar 2020

...an easy starting point?

Forget anything else, that is the main source keeping this insanity alive?



Cosmocat

(14,527 posts)
12. No - by and large the investor class has drank the liberals bad/conservatives good koolaid
Thu Mar 12, 2020, 09:50 AM
Mar 2020

They will dutifully eat his shit like the GOP does.

Mariana

(14,782 posts)
13. The Dow closed at 19,827.25 on Inauguration Day, Jan. 20, 2017.
Thu Mar 12, 2020, 09:50 AM
Mar 2020

Therefore, the Dow below 20,000 eliminates ALL of the gains since that day.

Naturally, Trump's worshipers will rationalize and make excuses to convince themselves nothing is his fault, he did everything right, and things would be much worse if Hillary was President.

Happy Hoosier

(6,773 posts)
14. For the hard core types, you're right....
Thu Mar 12, 2020, 09:52 AM
Mar 2020

I'm thinking more of the ones who justify their support based on their wallet. Lots of the investor class are amoral. They don;t care what he does as long as he makes them money. But if he's not.... do they seek more stable leadership?

lastlib

(22,654 posts)
16. Those who have lots of cash from their Yuge tax cuts will thank him....
Thu Mar 12, 2020, 10:50 AM
Mar 2020

...for giving them a good buying opportunity.

The rest of his cult will blindly worship him for sticking it to George Soros.......

 

greenjar_01

(6,477 posts)
17. Hitler had about 20% support when the Russians were fighting street by street in Berlin
Thu Mar 12, 2020, 10:52 AM
Mar 2020

Just sayin'...

Of course, that's the rubes. The German investor class was done with Hitler after Stalingrad.

Latest Discussions»General Discussion»A question for the class....