Fearing the Worst, Economically

The 58% of U.S. households that own stock are reporting about a current fact. My portfolio is off 9% since Trump took office. I’m not thrilled by this, but, in addition, I’m pessimistic, meaning that I’m worried that the economists are correct, and that all of Trump’s lunacy is going to send the U.S. into a deep recession, and that 9% could turn into 50%.

Trump says, “You know, the cost of eggs have come down like 93, 94% since we took office. They are pretty much normally price now.”
Insofar as the world is not currently beset with an epidemic like COVID-19, the subject of people’s “rights” to flout health regulations is not a present-day issue in our daily news cycles. That’s a good thing, but it would be foolish to think it’s going to last forever.
It’s not just the poor, sick, and elderly who suffer, and whose lives will continue to get worse, to that group, we need to add those who count on:
Regrettably, what U.S. representative Alexandria Ocasio-Cortez says here is completely true. The genie is out of the bottle.
There is no proof of this. Yet.
It would be foolish to think that Pope Francis made a dent in the hate and hypocrisy of the Christian right, but at least he tried.
Apparently the other 44% of Americans believe that Trump has absolute authority to do anything he wants, and that neither the legislative nor judicial branch has any power.
Until the United States is somehow able to rid itself of Donald Trump, and let’s be honest–that’s a tough row to hoe, we will live with a cruel fact: anything in the U.S. government that benefits the health, safety, and general well-being of the common American will eventually be eliminated to enable more tax cuts for the wealthiest Americans, most of whom are Trump mega-donors.
Speaking for the majority of Americans, I’m sorry we elected such a terrible person, the consequences of whose actions are so deeply hurtful for the people of the world.