{"id":2835,"date":"2020-03-24T08:26:41","date_gmt":"2020-03-24T12:26:41","guid":{"rendered":"https:\/\/dahlman.online\/?p=2835"},"modified":"2020-03-24T08:26:45","modified_gmt":"2020-03-24T12:26:45","slug":"winning-the-dow-jones","status":"publish","type":"post","link":"https:\/\/dahlman.online\/index.php\/2020\/03\/24\/winning-the-dow-jones\/","title":{"rendered":"Winning the Dow Jones"},"content":{"rendered":"\n

Dow Jones<\/h3>\n\n\n\n

The Dow Jones finished at 29398 on Friday, February 14th<\/sup>.  It closed on Monday, March 23rd<\/sup> at 18591.  That\u2019s a loss of 37% of the entire market value in a little over a month.  In very simple terms, if you had $10000 in the market on Valentine\u2019s Day, it\u2019s probably worth about $6300 today (DJI<\/a>).<\/p>\n\n\n\n

Donald Trump has based the success of his Presidency on the health of the economy.  The thermometer he uses to determine that is the Dow Jones Industrial Average of the New York Stock Exchange.  In his rallies he\u2019s flat out said it:  \u201cyou don\u2019t have a choice, you have to vote for me, because your 401(k)’s down the tubes, everything’s gonna be down the tubes” (The Hill<\/a>). <\/p>\n\n\n\n

He wasn\u2019t ready for the corona-virus crisis shutting down the American economy.  He isn\u2019t ready for the sacrifices the crisis is demanding of him, and of the nation.  And he doesn\u2019t know how to win the Presidency without \u201cwinning\u201d the Dow Jones.  He can\u2019t win if your 401(k) is already \u201cdown the tubes\u201d.<\/p>\n\n\n\n

The Epidemic<\/h3>\n\n\n\n

The hard facts of the corona-virus epidemic are that 40% of Americans will get the virus.  That is close to 130 million people.  80% or more, 102 million people, will get it and recover without a lot of problems.  Americans don\u2019t need to  \u201csocially distance\u201d for them.  To parrot the current Facebook disinformation campaign, for them, it\u2019s just like \u201cthe flu\u201d.  The crisis is in the 20% who will get so sick they will need hospitalization.  If those 26 million people hit hospitals all near the same time, there is no possible way our healthcare system can care for them. <\/p>\n\n\n\n

The fatality rate of corona-virus seems to be somewhere under 4%.  Even if only one percent of Americans that get the disease die, that means 1.3 million people.  But if they all arrive at the hospital at the same time, then the fatality rate will be much higher.  Many, many more will die.  They will die for the worst reasons:  from lack of equipment, lack of care, and lack of medications.  They will die unnecessarily.  <\/p>\n\n\n\n

To protect those millions, the scientists have told Americans to stop interacting with each other.  If we stay apart, we can slow the spread of the virus.  The number of people who will contract corona-virus may not change, but it will happen over a much longer period of time.  By doing this, the surge of patients in hospitals will be lower.  For those who get the sickest, they will have the best chance of getting care and surviving.  The scientists call it \u201csocial distancing\u201d in order to \u201cflatten the curve\u201d.  <\/p>\n\n\n\n

Waiting for the Curve<\/h3>\n\n\n\n

But flattening the curve means extending the time we are socially distant.\u00a0That means that the economy of the United States will need to stay \u201cclosed\u201d for a longer period.\u00a0\u00a0It means that the Donald Trump\u2019s chosen measure of political health, the Dow Jones, will stay bad.\u00a0\u00a0It threatens his reelection.\u00a0\u00a0And he can\u2019t stand it.<\/p>\n\n\n\n

Monday, in his daily news brief\/political rant, President Trump voiced his impatience:<\/p>\n\n\n\n

\u201cWe cannot let the cure be worse that the problem itself.  At the end of the 15 day period, we will make a decision as to which way we want to go!\u201d (Fox<\/a>).<\/em><\/p>\n\n\n\n

He can hold on for fifteen days, but after that, he wants the economy to start up again.  Regardless of the scientific evidence that shows that the nation may need to stay \u201cclosed\u201d longer, maybe even months, President Trump wants to get \u201cback to normal\u201d. That\u2019s a real choice:  the Dow Jones can go up right along with the death rate.  It\u2019s a tradeoff, politics for bodies.<\/p>\n\n\n\n

The Sacrifice<\/h3>\n\n\n\n

Trump\u2019s far right supporters are chiming in, pressing the President to let this happen.  Monday night, Texas Lieutenant Governor Dan Patrick spoke on the house organ, Fox News:<\/em><\/p>\n\n\n\n

\u201cTucker, no one reached out to me and said, \u2018As a senior citizen, are you willing to take a chance on your survival in exchange for keeping the America that all America loves for your children and grandchildren?\u2019 And if that\u2019s the exchange, I\u2019m all in,\u201d Patrick said, later adding, \u201cMy message is, let\u2019s get back to work. Let\u2019s get back to living. Let\u2019s be smart about it, and those of us who are 70-plus, we\u2019ll take care of ourselves\u201d(AOL<\/a>).<\/em><\/p>\n\n\n\n

Patrick is volunteering to risk his life, and millions of others, to hurry things along.  That\u2019ll fix the Dow Jones, and maybe, get Trump re-elected President again with just a few more (million) deaths along the way.<\/p>\n\n\n\n

It\u2019s not a joke, and it\u2019s not an extremist view.  This is the advice that the President is hearing from his internal economic advisors, and it fits right in with what he wants to do, his infamous \u201cgut\u201d.  <\/p>\n\n\n\n

Is this America now?  Let\u2019s throw a few million people under the bus, so we get the Dow Jones back up again, and re-elect Trump.<\/p>\n\n\n\n

Let\u2019s hope not.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dow Jones The Dow Jones finished at 29398 on Friday, February 14th.  It closed on Monday, March 23rd at 18591.  That\u2019s a loss of 37% of the entire market value in a little over a month.  In very simple terms, if you had $10000 in the market on Valentine\u2019s Day, it\u2019s probably worth about $6300 today (DJI). Donald Trump … Continue reading “Winning the Dow Jones”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2835","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nWinning the Dow Jones : Our America - Essays on Politics and American Life<\/title>\n<meta name=\"description\" content=\"The re-election of Donald Trump is directly related to the Dow Jones. 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