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Both Joe Biden and Bernie Sanders have taken a page from Michael Bloomberg's campaign playbook, and they really need to continue doing this right up until the election (no matter which one of them becomes the nominee). Because more than anything else, it clearly shows the difference between having a sane adult as president and what we've got now.
The stock market is now officially in bear market territory. Thus endeth the longest bull market in history, which lasted for the 11 years from just after the Great Recession's end until now. For those unfamiliar with the terms, the "bear market" designation is defined as: "losing 20 percent from the market's peak." Less than a month ago, the Dow Jones Industrial Average topped 29,500. Today it closed right around 23,500 -- a loss of roughly 6,000 points. And we may not have hit bottom, although with the current volatility it's tough to tell.
Nobody, it seems, has come up with a name for today's round of primaries that is catchy enough so that everyone starts universally using it. Some call it Mini Tuesday, some call it Super Tuesday II, but no matter what you call it, the time has come once again to toss our darts at the wall in an effort to try to predict the outcome of the six races being run today in the 2020 Democratic primary race.
Roman Emperor Nero didn't actually fiddle while Rome burned. It's a myth. Violins (or "fiddles") wouldn't exist for another 1,500 years or so, making the very concept impossible. That's not to say Nero might not have blatantly ignored a flaming crisis, of course, it's just quibbling about the literal meaning of the maxim. Now, American Emperor-With-No-Clothes Donald Trump didn't fiddle while the country was hit by a pandemic, either. Instead, he played golf. Twice. That's right -- in the midst of a huge crisis, Trump spent the entire weekend playing golf.
The stock market is crashing daily, a pandemic is sweeping America, a tornado in Tennessee just killed two dozen people, so of course First Lady Melania Trump decided to reassure the public with a message designed to calm people in these perilous times. The message? Don't worry, everyone -- the construction of the new White House tennis pavilion was still on track. No, seriously -- you just can't make this stuff up. She even donned a hard hat (in order to look fabulous) while making this tone-deaf announcement.
File this one under: "If I doesn't laugh, I thinks I'm gonna cry!"
President Donald Trump, that noted stable genius, apparently has the answer to the coronavirus. Here's how an article in today's Washington Post began:
Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, as the stock market fell sharply again on Friday amid international fears about the outbreak, according to five people with knowledge of the planning.
Among the options being considered are pursuing a targeted tax cut package, these people said.
Donald Trump is known to be a germophobe, but his fear of COVID-19 has nothing to do with any personal fear of actually contracting the virus. No, he's scared for a bigger reason -- because he knows that if the virus causes a sickness in the American economy writ large, then this will undercut his biggest campaign theme heading into the 2020 election. He's made this argument many times, essentially telling voters that they may not like him personally or appreciate his tweets, but the economy is so darn good that they have to vote for him so he can continue the good times.
Welcome back again to another of our post-debate snap-reactions columns. Tonight was the tenth in the continuing series of Democratic presidential debates, moderated this time by CBS. When they woke up and remembered to, I should say, because at several extended times during the night I thought the moderators had completely left the room for a coffee break. It certainly seemed that way, since the candidates just engaged in a free-for-all shouting match where it was impossible to hear what any one of them had to say. This wasn't an isolated incident, it happened over and over again. And the moderators either were too timid to even try to, you know, moderate the discussion, or they were just flat-out incapable of doing so. Or, as I said, perhaps they had all ducked out for a few moments in the hallway.
We are hereby totally throwing in the towel on our usual "weekly news wrap-up" segment here, because the Democratic primary race is ever so much nicer to focus on. In place of it, we offer up what we wrote back in Friday Talking Points Volume 523, from last April -- a "Generic Weekly News Roundup" with Mad-Lib-style fill-in-the-blanks. Two paragraphs even caught our eye as being not all that far removed from the current week, to wit:
Normally, after a presidential debate, I'd wait a few days or even a week before taking a look at the state of the race nationally, but we're in the crunch phase of things so I'm just going to leap right in without the benefit of seeing how the post-debate poll numbers shift. The numbers were already shifting before the debate, though, so there's still plenty to analyze and very little time to do so. Nevada caucuses this Saturday, we've got another debate next week, and then South Carolina votes next Saturday. Three days after that is Super Tuesday, when one-third of the total delegates will be decided. So we really don't have the luxury of waiting, at this point.