According to the New York Times, it’s been an extremely chaotic time with infighting among the various task force members, Jared Kushner stepping all over everyone’s toes and incompetent leadership from the top. In other words, it’s been business as usual in the Trump administration. Unfortunately, this time this bumbling White House is confronting its first real crisis and one of the most serious global challenges in decades.
On Sunday, Trump appeared in the White House briefing room to announce that the Federal Reserve had cut interest rates virtually to zero, but on Monday the market dropped precipitously again. Although Trump obviously thought that he could turn it around with another end-of-day press conference, it didn’t work. The market closed down nearly 3,000 points, and every bit of news about the coronavirus was so bad that even Trump dialed down his bragging a notch and avoided the incessant happy talk that had pervaded all his other appearances. Continue reading.