Althouse: "Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health care sector."

March 4, 2020

"Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health care sector."

CNBC explains.

133 comments:

rehajm said...: Deceptive if you haven't been watching the past few weeks but yes, a relief rally in the sector. For now.; 3/4/20, 10:53 AM
henry said...: could put it on MiniMike ending his campaign. Room now for commercials that generate commerce.; 3/4/20, 10:54 AM
rhhardin said...: It's the Biden rally.; 3/4/20, 10:56 AM
Craig said...: Imagine what the market could do if the Democrats and liberals would just stop proposing stupid ideas and leave us alone for once.; 3/4/20, 10:56 AM
Michael K said...: Could be related to optimism from China but nah, has to be politics.; 3/4/20, 10:56 AM
Equipment Maintenance said...: The narrative isn't going to push itself !; 3/4/20, 11:01 AM
Diamond said...: Typical misleading headline.

Deeper in the article,

“Investors fear Bernie because he wants to cut off the head of capitalism by raising taxes significantly on the rich and using the funds to provide free everything to everybody else."; 3/4/20, 11:01 AM
Bay Area Guy said...: X correlates with Y

X causes Y (when it suits your political needs!); 3/4/20, 11:03 AM
Achilles said...: The markets know Trump is going to neat Biden like a rented mule suffering from dementia.; 3/4/20, 11:07 AM
Carol said...: he's gonna what; 3/4/20, 11:08 AM
Real American said...: I believe that's what is known as a coincidence.; 3/4/20, 11:10 AM
tcrosse said...: Post hoc ergo propter hoc.; 3/4/20, 11:12 AM
Anonymous said...: Pronouncements mid-day recently have not proven to be true at the end of the day.

The eye of the hurricane sure looks nice too, until it doesn't.; 3/4/20, 11:13 AM
traditionalguy said...: The Capitalists are happy that they will not be declared thieves who must surrender their money they did not earn. That was the Obama/Soros/ Sanders/Warren schitik that the college indoctrinated Marxists were ready to implement.; 3/4/20, 11:16 AM
Dear corrupt left, go F yourselves said...: ot:
Former Cuban Prisoner Recalls Sanders Saying, 'I Don't Know What's So Wrong' With Cuba..

It I were in charge?
The real war we should enter in is the one where we oust the entire corrupt Castro family and return a once great nation to its people.; 3/4/20, 11:20 AM
eric said...: These headlines they generate about the stock market are often times unintentionally hysterical.

One day the market opened pretty big and the headline blared something like, "Stocks up on good news about X!" And a half hour after that headline the market had gone back below zero.

The truth is, there are dozens and dozens of reasons stocks are up or down each day.

And these people who write this stuff for a living haven't got a clue.; 3/4/20, 11:20 AM
Ken B said...: Fake news. I mean it. No one knows why. If they actually knew why they could make a killing. The stock market is not perfectly efficient but it is to a first approximation, enough to make simple analysis moot.; 3/4/20, 11:21 AM
Browndog said...: Joe Biden is the strongest, healthiest, sharpest knife in the drawer to ever run for President.

-MSM, soon; 3/4/20, 11:22 AM
Ken B said...: Good to see most here see through such bullshit.; 3/4/20, 11:23 AM
Drago said...: Browndog: "Joe Biden is the strongest, healthiest, sharpest knife in the drawer to ever run for President.
-MSM, soon"

Just wait until they call him The Most Qualified Person To Ever Run For The Presidency!

The little sack of chardonnay in Chappaqua ain't gonna like that one bit....; 3/4/20, 11:25 AM
Etienne said...: This comment has been removed by the author.; 3/4/20, 11:26 AM
Beasts of England said...: Joe challenged that Dow Jones guy to a pushup contest.; 3/4/20, 11:28 AM
pacwest said...: Volitility. Day traders love it.

CV19. It's interesting that a single cell organism may have the deciding vote on who will be the most powerful man on earth.; 3/4/20, 11:31 AM
Brown Hornet said...: Likelihood of a Socialist president goes down, markets go up. Shocker.; 3/4/20, 11:33 AM
LA_Bob said...: "Stocks surged on Wednesday as major victories from former Vice President Joe Biden..."

Whom do these news outlets rely on to "explain" the daily gyrations of the financial markets?

What horse hooey!; 3/4/20, 11:34 AM
Sigivald said...: Maybe. Or maybe that's not the reason.

"This is why the market did that" is rarely more than complete guesswork.; 3/4/20, 11:41 AM
Kevin said...: Just a side note: Biden should not keep bringing up Trump's calling himself a "Stable Genius".

The comparison is long since flattering.; 3/4/20, 11:41 AM
Butkus51 said...: Kinda funny. While perusing the yahoo stock message boards a few are saying the same thing. The reason the markets are up is because Joe is going to be the nominee.

So, next week, when the markets are down real big...........they wont be found.

Im just guessing next week could be a bear. You start seeing 1000's of cases reported in a city............; 3/4/20, 11:47 AM
Dear corrupt left, go F yourselves said...: all good economic news will now shift to the democrats. Narrative. Narrative. Narrative.; 3/4/20, 11:49 AM
Francisco D said...: Journalists are the last people I would turn to for understanding short term stock market fluctuation. They know nothing and they have agendas.

Many many years ago, an avid journalist breathlessly asked Bernard Baruch what the stock market will do that year, given that Baruch was the financial genus of his era.

Baruch replied, "it will go up," as the journalist swooned before the genius.

"And then it will go down," he completed his thought. The journalist looked terribly confused.; 3/4/20, 11:51 AM
Jaq said...: Wasn’t there an emergency rate cut yesterday due to the coronavirus?; 3/4/20, 12:01 PM
Jaq said...: https://www.bloomberg.com/news/articles/2020-02-28/traders-speculate-on-emergency-federal-reserve-interest-rate-cut

The news is nothing but propaganda.; 3/4/20, 12:03 PM
Iman said...: Is Jill Biden Slow Joe’s Valerie Jarrett?; 3/4/20, 12:08 PM
wendybar said...: Hillary will be his VP....This is the plan...The 25th amendment allows for the Vice President to become president in the event of death, resignation, removal from office or impairment that prevents the current president from fulfilling his or her duties. The Vice-presidency had been clearly defined by the 12th amendment as the running mate of the sitting president.; 3/4/20, 12:13 PM
Michael K said...: Blogger Iman said...
Is Jill Biden Slow Joe’s Valerie Jarrett?

Hey ! No sarcasm there. Whoopi wants Dr Biden to be Surgeon General.

That'll fix that virus !; 3/4/20, 12:15 PM
Ambrose said...: Obama was responsible for the market surge until March 1. Last week;s decline - all Trump. Now the Biden rebound.; 3/4/20, 12:15 PM
Tina Trent said...: Growth areas. Healthcare admin salivating over federal employee benefits. The 10% of self-insured who haven’t been wrung dry. Children not yet medicated for anxiety and ADHD. Importing millions of obese indigent Type II diabetics. Gender confusion futures.; 3/4/20, 12:18 PM
bagoh20 said...: This comment has been removed by the author.; 3/4/20, 12:30 PM
bagoh20 said...: Most of a market move is a result of people reacting to what they think other people will do, not specifically their own optimism or pessimism, but what they think the herd is feeling. A trader may not agree with the herd, but will still try too exploit what the herd thinks. Thus creating another herd watching the first herd. Then it all moves together as one unit.; 3/4/20, 12:33 PM
TreeJoe said...: That totally explains the international markets today too! They must be super excited about Biden's super tuesday progress.; 3/4/20, 12:38 PM
Curious George said...: "Hillary will be his VP....This is the plan...The 25th amendment allows for the Vice President to become president in the event of death, resignation, removal from office or impairment that prevents the current president from fulfilling his or her duties. The Vice-presidency had been clearly defined by the 12th amendment as the running mate of the sitting president."

By death you mean his murder. Right?; 3/4/20, 12:50 PM
Diamond said...: Home Depot is up 4%! Thanks Joe!; 3/4/20, 12:50 PM
AllenS said...: Whoopi Goldberg thinks that Dr. Jill Biden would make a good Surgeon General. How is that for dumb?; 3/4/20, 12:51 PM
Jeff Weimer said...: Waitaminute - Trump has nothing to do with the stock market, except when he's pulling it down; but Biden in a Democrat primary magically causes a rally?

Methinks CNBC doth project too much.; 3/4/20, 12:51 PM
NotWhoIUsedtoBe said...: That and the Fed interest rate cut.; 3/4/20, 12:52 PM
FullMoon said...: Biden is nominee insuring Trump victory, Wall Street responds.; 3/4/20, 12:53 PM
AllenS said...: Right now --

26,765.80 +848.39 (3.27%); 3/4/20, 12:54 PM
wendybar said...: AllenS said...
Whoopi Goldberg thinks that Dr. Jill Biden would make a good Surgeon General. How is that for dumb?

She must be racist. We have a Black man doing the job now!!! https://www.hhs.gov/about/leadership/jerome-adams/index.html; 3/4/20, 12:55 PM
wendybar said...: Curious George said...
"Hillary will be his VP....This is the plan...The 25th amendment allows for the Vice President to become president in the event of death, resignation, removal from office or impairment that prevents the current president from fulfilling his or her duties. The Vice-presidency had been clearly defined by the 12th amendment as the running mate of the sitting president."

By death you mean his murder. Right?
3/4/20, 12:50 PM

Decide for yourself, but any means will do!!; 3/4/20, 12:57 PM
Inga said...: This comment has been removed by the author.; 3/4/20, 1:02 PM
Inga said...: “Hillary will be his VP....This is the plan...The 25th amendment allows for the Vice President to become president in the event of death, resignation, removal from office or impairment that prevents the current president from fulfilling his or her duties. The Vice-presidency had been clearly defined by the 12th amendment as the running mate of the sitting president.”

If that was so easy Trump would be out by now. As for Hillary being Biden’s running mate, Biden may have dementia, but he’s got good people around him that would never let that happen. Biden will probably choose a black woman running mate.; 3/4/20, 1:04 PM
Anonymous said...: Stocks were going up yesterday, and then the damn Fed cut the interest rate, which spooked the market. Sometimes the stock market is like a horse, a horse in the hospital.

Anyway, the entire market was spooked that there was some really bad news that only the Fed knew about. So the surprise rate cut scared the crap out of everybody. It did the opposite of what they wanted.

Today the market was relieved that the bad news was a few people who died in Washington.; 3/4/20, 1:06 PM
Anonymous said...: Biden will probably choose a black woman running mate.

Black people already love Biden. Haven't you noticed?

I think he should go with Tulsi.; 3/4/20, 1:08 PM
traditionalguy said...: The FED is the “Pump and Dump” bank owned by London scum. Not that there is anything wrong with planned cutting the rise of the faux rich middle class’s hope off at the knees and stealing their money periodically. Trouble is we share the world with China.; 3/4/20, 1:09 PM
AllenS said...: This comment has been removed by the author.; 3/4/20, 1:18 PM
DarkHelmet said...: Healthcare stocks are up because Sanders lost, not because Biden won. Important distinction. Stocks would be doing as well or better if Bloomberg had won everything yesterday. All the Dems are bad for stocks in general and healthcare in particular, but Sanders was the worst by a large margin. A big drop in the chance of Sanders winning the presidency = healthcare stocks worth more than they were yesterday. It's that simple.; 3/4/20, 1:37 PM
Yancey Ward said...: I am hesitant to ascribe the market's day to day to any political event, but given that I think Biden is the most easily defeated of the Democratic candidates and Sanders the most difficult, I think it entirely plausible to put the market reaction to Biden's stopping of Sanders.; 3/4/20, 1:41 PM
DarkHelmet said...: The other thing helping stocks is that the second worst Democrat option -- Warren -- is now done. Done for this year, and given her age and horrendous performance, done forever. So that is a positive.; 3/4/20, 1:44 PM
Drago said...: Inga: "If that was so easy Trump would be out by now."

LOLOLOLOLOL; 3/4/20, 1:52 PM
Drago said...: TreeJoe: "That totally explains the international markets today too! They must be super excited about Biden's super tuesday progress."

The cinnamon rolls were particularly good this morning as well! Thanks Joe!; 3/4/20, 1:53 PM
Drago said...: Bernie just today started to really attack his rivals directly....right at the moment where it will have least effect........

Hmmmmmm, reminiscent of Bernie's refusal to go after Clinton on her corrupt email/graft arrangement when Hillary directed him to basically shut up during a debate.

After the election, when it no longer mattered, Bernie stated publicly that it was a mistake to not go after Clinton harder on her obvious corruption.

And now Bernie is doing the same thing all over again, waiting too long to get really tough on his rivals. Looks like a 4th house from the dem establishment might be in Bernie's Not-Christmas Stocking this December!

Well played Bolshevik Bernie! You've got the Mensheviks right where you want them...and they you!; 3/4/20, 1:57 PM
traditionalguy said...: What we have here is a difference between different Politician's definitions of FAIR.

The Establishment Pols (both DEMS and RINOs believe it is unfair for the wealthy money flowing to the shareholders of industries to be restrained by anything.

The Trump America First Pols believe that Fair means that the American middle class workers should not be eliminated by Chinese Communist Party corruption that has bought off off the aforesaid Pols.; 3/4/20, 2:03 PM
Big Mike said...: Imagine what the market could do if the Democrats and liberals would just stop proposing stupid ideas and leave us alone for once.

But there are few openings for graft and kickbacks in leaving us alone.; 3/4/20, 2:04 PM
wendybar said...: Unknown said...
Biden will probably choose a black woman running mate.

Black people already love Biden. Haven't you noticed?

I think he should go with Tulsi.
3/4/20, 1:08 PM

He's going with Hillary.

"So I pretty much predicted this. It’ll be #Biden and #Hillary as his vice presidential candidate. He will eventually “gracefully” resign as his dementia worsens and... Voila! #MadamePresident at last! (and in case he gets indicted for his Ukraine corruption, she’ll pardon him..." ~~ James Woods; 3/4/20, 2:06 PM
Etienne said...: This comment has been removed by the author.; 3/4/20, 2:14 PM
Temujin said...: The market is volatile because of two uncertainties staring us in the face: A possible socialist government under Bernie the First, and a Black Swan event in the corona virus. The danger of a Bernie in the White House temporarily put aside, the markets don't really seem to care about the Black Swan as of 3pm today.

In other words: we can work through the temporary slow downs or even shut downs of some economies around the world (with which we are tied). However we could not work through a socialist regime ruining this economy. Even the possibility had the markets terrified.; 3/4/20, 2:18 PM
Openidname said...: A perfectly viable theory has it that it was not the coronavirus threat that set off the stock market dive, it was Bernie's successes in early-voting states.; 3/4/20, 2:23 PM
Achilles said...: Drago said...

Bernie just today started to really attack his rivals directly....right at the moment where it will have least effect........

Hmmmmmm, reminiscent of Bernie's refusal to go after Clinton on her corrupt email/graft arrangement when Hillary directed him to basically shut up during a debate.

After the election, when it no longer mattered, Bernie stated publicly that it was a mistake to not go after Clinton harder on her obvious corruption.

And now Bernie is doing the same thing all over again, waiting too long to get really tough on his rivals. Looks like a 4th house from the dem establishment might be in Bernie's Not-Christmas Stocking this December!

Well played Bolshevik Bernie! You've got the Mensheviks right where you want them...and they you!

And the stupid rubes still think Bernie is "consistent."; 3/4/20, 2:23 PM
Etienne said...: Does Whoopi Goldburger think she is attractive with the hemp rope hat and Gandhi glasses?

Asking for a friend.; 3/4/20, 2:25 PM
Openidname said...: "pacwest said...

"CV19. It's interesting that a single cell organism may have the deciding vote on who will be the most powerful man on earth."

Pedantic correction: It has zero cells and is not an organism.; 3/4/20, 2:27 PM
Achilles said...: Inga said...

If that was so easy Trump would be out by now. As for Hillary being Biden’s running mate, Biden may have dementia, but he’s got good people around him that would never let that happen. Biden will probably choose a black woman running mate.

No you mean those good people around him will choose a black woman.

Because they know that democrat voters think skin color is an important qualification in a candidate.

Only a really stupid person would vote for a known puppet and trust the "good people" around him.; 3/4/20, 2:28 PM
Achilles said...: Etienne said...

Does Whoopi Goldburger think she is attractive with the hemp rope hat and Gandhi glasses?

Asking for a friend.

I thought that was her hair.; 3/4/20, 2:29 PM
AllenS said...: Just checked --

26,958.45 +1,041.04 (4.02%); 3/4/20, 2:32 PM
Etienne said...: UnitedHealth Group 290.26 USD +28.86 (11.04%)

Free money; 3/4/20, 2:37 PM
BUMBLE BEE said...: Joe is movin mountains, doesn't know where, but Inga senses Trump's demise! Joe and Inga sittin in a tree...; 3/4/20, 2:38 PM
Achilles said...: AllenS said...

Just checked --

26,958.45 +1,041.04 (4.02%)

This is all Biden.

Obviously.; 3/4/20, 2:47 PM
Limited blogger said...: Thanks, Joe!; 3/4/20, 2:48 PM
M Jordan said...: Biden is in early stages of dementia. The gaffes don’t measure it. It’s the slurred speech and, well, I guess the gaffes, tbh.; 3/4/20, 2:49 PM
Etienne said...: This comment has been removed by the author.; 3/4/20, 2:54 PM
bagoh20 said...: More accurate:

"Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday assured four more years of Trumponomics."; 3/4/20, 2:57 PM
elkh1 said...: Meaning last week's sell-off was due to Sanders not to COVID-19.; 3/4/20, 2:59 PM
StephenFearby said...: Hot Air

Did Biden Really Confuse His Wife For His Sister Last Night?

'...So arguing that he was unaware of a switch in positions that never happened after he turned twice and could obviously see where Jill Biden was standing is rather weak tea. Does this really matter all that much in the larger scheme of things? Probably not. For most any other candidate of any age, that’s the sort of momentary mistake a person could make at such a moment amid all the confusion.

But the fact is that Joe Biden isn’t just “any other candidate.” And this isn’t an isolated incident.'

'...A closing note for everyone out there saying it’s unfair to talk about such things. You’d be wise to check your history and make sure that you never once joined in with CNN and the rest of the mainstream media over the past three years asking if President Trump’s various comments were signs of mental imbalance and/or the need to remove him from office via the 25th Amendment. As someone remarked to me on Twitter earlier today, “It’s going to be fun to watch the media defend Biden’s obvious dementia after questioning Trump’s mental health for three years.”'

https://hotair.com/archives/jazz-shaw/2020/03/04/biden-really-confuse-wife-sister-last-night/

Biden isn't yet at the stage of Robert Mueller's obvious Mild/Moderative Cognitive Impairment, but the accumulative evidence suggests he's definitely heading in that direction.

It may well be that the Dems are channeling El Cid:

"Legend has it his wife Jimena ordered El Cid's corpse be armored and strapped on top of his horse to lead one last cavalry charge to break through the siege."; 3/4/20, 2:59 PM
n.n said...: democrat voters think skin color is an important qualification in a candidate

Diversity: color judgments.; 3/4/20, 3:08 PM
n.n said...: The "healthcare" sector hopes that Obamacares.; 3/4/20, 3:10 PM
Etienne said...: This comment has been removed by the author.; 3/4/20, 3:14 PM
Limited blogger said...: Can't wait 'til Joe names his VP. That should be good for a couple thousand points on the DJI.; 3/4/20, 3:14 PM
TreeJoe said...: "Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health care sector."
CNBC explains.

....

Don't you mean "CNC Mansplains"; 3/4/20, 3:14 PM
Bill Peschel said...: Every couple of years, a story surfaces in which "experts" on the market confess that, yes, they have no idea why the market does what it does.

And then they go back to stories like this.

Poo-flinging monkeys. All of us.; 3/4/20, 3:46 PM
Greg the class traitor said...: So the answer to the question "was the crash from Coronavirus, or Bernie" is "bernie".

Got it; 3/4/20, 3:52 PM
narciso said...: the latter; 3/4/20, 4:09 PM
jaydub said...: "Does Whoopi Goldburger think she is attractive with the hemp rope hat and Gandhi glasses?"

The only thing that could make Whoopi attractive is a bag.; 3/4/20, 4:17 PM
Etienne said...: This comment has been removed by the author.; 3/4/20, 4:19 PM
Etienne said...: This comment has been removed by the author.; 3/4/20, 4:20 PM
Gunner said...: Didn't someone here declare that Bernie was most Democrats' second choice? Boy was that wrong! Turns out Slow Joe was that guy.; 3/4/20, 4:20 PM
rcocean said...: I want to tell you Gorsuch, I want to tell you Kavanaugh, you have released the whirlwind and you will pay the price,” Schumer said.

In a highly unusual written statement issued late Wednesday, Roberts said "statements of this sort from the highest levels of government are not only appropriate, they are dangerous."

"All members of the Court will continue to do their job, without fear or favor, from whatever quarter," Roberts said.; 3/4/20, 4:34 PM
narciso said...: how single payer handles; 3/4/20, 4:34 PM
rcocean said...: lets see if national review, the bulwark boys, the dispatch crew, and especially david French, and Jonah Goldberg say anything more than: "Tsk, Tsk, both sides are to blame"; 3/4/20, 4:35 PM
TJM said...: IF anyone thinks the rally today had anything to do with Plugs winning primaries in states he will not carry, I have some swamp land in Florida to sell them. The media's lies are incredible at this point; 3/4/20, 4:36 PM
rcocean said...: In other news, Romney, in a typically weaselly Pierre Delecto like manner has refused to state WHO he voted for in the Utah Presidential Primary.

"When asked if he voted for Trump, Romney replied that he had voted "Republican". Trump is being challenged by Bill Weld and Joe Walsh."

What a jealous little girl he is. And the "oh, so clever" response to indicate that he voted for Weld, his buddy from Massachusetts.; 3/4/20, 4:37 PM
rcocean said...: Funny how people pop off in the internet about how much $$ they made. Why don't they tell us how much they lost?

Strange.; 3/4/20, 4:39 PM
tcrosse said...: It doesn't hurt that Warren and her cockamamie idea of taxing unrealized capital gains got voted down.; 3/4/20, 4:59 PM
wild chicken said...: OT just as I expected, gov Bullock is jumping in against sen. Daines.

I was assured this wouldn't happen.; 3/4/20, 5:02 PM
Etienne said...: "Why don't they tell us how much they lost?"

I lost about $1k on Ford stock. I don't even know why they are still in business.; 3/4/20, 5:12 PM
BUMBLE BEE said...: Dr. Ben Carson closed his speech today by noting that the pharmaceutical companies, normally competitors, were working together on coronavirus solutions and it's a shame that our politicians can't do the same.; 3/4/20, 5:13 PM
bagoh20 said...: Biden may have dropped out to endorse Biden, but if either Biden wins expect Bernie's people to stay home or even vote Trump, which would not surprise me at all. They have more in common with Trumpers than swamp creatures like Biden and friends. Biden won't even win the popular vote with 10 million extra voters in CA and NY.; 3/4/20, 5:21 PM
bagoh20 said...: ""Why don't they tell us how much they lost?"

I lost 20K last weeks, increased my investments by 50% on Monday morning. Made 25K that day. Lost 20K yesterday. Made 28K today. So I'm up 13K, but I now have far more shares to ride the roller coaster. Weeeeeeee!; 3/4/20, 5:25 PM
I'm Full of Soup said...: RC:

It's just normal human nature to brag about wins and stay quiet about losses. I tell the whole office when I win my NFL or NCAA bets and rarely bring up my losses.; 3/4/20, 5:51 PM
wild chicken said...: Biden may have dropped out to endorse Biden,

Was he really IS senile!; 3/4/20, 5:51 PM
D 2 said...: Peace breaks out in Middle East after Obama speech.
Cannibals feast on blood of innocents in Superdome after Bush hurricane.
Clinton jogs with Gore: old men in shorts now accepted everywhere.
Local theatre efforts hurt by Lincoln’s early departure.
Seas rise through effective immigration policy. (Moses was a Democrat)

You get to used to it.; 3/4/20, 5:57 PM
donald said...: If that was so easy Trump would be out by now. As for Hillary being Biden’s running mate, Biden may have dementia, but he’s got good people around him that would never let that happen. Biden will probably choose a black woman running mate.

Wow.; 3/4/20, 5:58 PM
rhhardin said...: Can Gender Equality Solve Climate Change? Gresham Lecture podcast
https://www.gresham.ac.uk/lectures-and-events/gender-climate-change

I'd assume it has the same logic as the Biden rally.; 3/4/20, 5:58 PM
narciso said...: his recommendations probably sparked the yellow vests; 3/4/20, 6:03 PM
walter said...: Beasts of England said...Joe challenged that Dow Jones guy to a pushup contest.
--
"Look, slack..."; 3/4/20, 6:06 PM
narciso said...: meanwhile, the senate wants to tie the fisa renewal to the covid 19 funding, because of course they do,; 3/4/20, 6:09 PM
Robert Cook said...: "The real war we should enter in is the one where we oust the entire corrupt Castro family and return a once great nation to its people."

"Return" it? It wasn't in the hands of the people previously. It was in the hands of U.S.-backed military dictator Batista. Under Batista, US corporations (and the Mafia) reaped great riches out of Cuba.

Also, it's not our place to "oust" foreign governments, corrupt or not, in order to "return" those nations to their people, even if that were our true purpose, but it never has been. Our efforts along such lines have really been avenues by which we insert ourselves into those other nations in order to realize some kind of profit (geopolitical advantage, power, and access to resources). We really don't, as a government, care whether the peoples of other nations are oppressed by dictators, given how much support we've given to dictators.

Our only real animus toward Castro was that he threw out Batista, our partner (stooge?) in Cuba, ending the profit stream to American interests.; 3/4/20, 6:12 PM
Robert Cook said...: "The market is volatile because of two uncertainties staring us in the face: A possible socialist government under Bernie...."

This "fear," if genuine, is borne of stupidity. Even if Sanders became the Dem nominee, and even if he won the Presidency--two giant "ifs"--Sanders would never get his agenda implemented. There would be no "socialist government." The whole of Washington, both houses of Congress, and all sources of money to the members of those houses, would stand as one, opposed to Sanders' promised reforms. (We see this now in the panic over Sanders from the media and from other prominent Dems and the DNC.) It would take an LBJ to get even part of Sander's platform passed, and Sanders is no LBJ.

The fear is not really that Sander would really accomplish all (or any?) of his promises, but that he would normalize the idea among more and more Americans that government should work for the benefit and "general welfare" of the people, and not act as a pimp for the big money interests who expect Washington serve their prerogatives, such that some future president (or presidents) would manage to implement some form of Sanders' agenda over time.; 3/4/20, 6:29 PM
Paul said...: Actually the stocks are surging cause you have a simple pick. On one side either a Socialist/Communist and a dementia patient. And the other a sitting president with an excellent track record.

So the stocks see it's a slam dunk in Nov. 2020.

MAGA!; 3/4/20, 6:46 PM
Lewis Wetzel said...: "Even if Sanders became the Dem nominee, and even if he won the Presidency--two giant "ifs"--Sanders would never get his agenda implemented."
This is prime-grade idiocy. I have no fear that Sanders will "normalize the idea among more and more Americans that government should work for the benefit and "general welfare" of the people," my fear is that Sanders will gut the economy. He is literally an idiot on the topic. He has no idea of how wealth is created. It is very easy to destroy wealth, just ask the poor slobs in Venezuela.
He is also a moral cretin. He had trouble deciding who was the good guy in contests between the US and vile, socialist regimes that impoverished and murdered their own people. It is thirty years after the USSR has fallen, and he still doesn't understand that its government was an abomination.; 3/4/20, 6:49 PM
iowan2 said...: The fear is not really that Sander would really accomplish all (or any?) of his promises, but that he would normalize the idea among more and more Americans that government should work for the benefit and "general welfare" of the people,

I see what you did there. "General Welfare" IF you hang your hat on that peg, it governs ALL of the federal govt, right. The President get to enforce the boarder the way he sees fit. "for the general welfare"

Not so neat heh?

You ignore the words, intent and most of the precedent of this Nation.
The constitution creates a federal govt, with specific enumerated powers. So go crazy with your "general welfare", Just identify which of the enumerated powers you use to fund your particular hobby horse.; 3/4/20, 7:05 PM
I Callahan said...: but that he would normalize the idea among more and more Americans that government should work for the benefit and "general welfare" of the people, and not act as a pimp for the big money interests

RC - no one over 21 years old should be believing any of that idealistic nonsense. You’re way too old to still be falling for that. Time to grow up.; 3/4/20, 7:07 PM
Big Mike said...: @Cookie, you need to open your mind to a reality where Donald Trump is delivering a government that is organized to “work for the benefit and ‘general welfare’ of the people.” The intrusive government you and Bernie Sanders dream about is organized to make people born in the right bed or graduated from the right school or is otherwise well-connected to just the right folks into bureaucrats whose ineptitude and lack of interest in the people’s welfare leaves the people miserable and unhappy.

Your revolution arrived on schedule, Cookie, but you were looking in the wrong direction to see it.; 3/4/20, 7:16 PM
Bruce Hayden said...: “Hillary will be his VP....This is the plan...The 25th amendment allows for the Vice President to become president in the event of death, resignation, removal from office or impairment that prevents the current president from fulfilling his or her duties. The Vice-presidency had been clearly defined by the 12th amendment as the running mate of the sitting president”

I don’t think that the Dem power brokers would dare. Too obvious. And, as others have said, Biden has enough good people around him to keep from doing it - unless that was the deal he made to got those two or three (not sure if you can bribe Bloomberg) to drop out. If Crooked Hillary as VP was the deal he had to make to get this boost, then maybe we will see the (short lived) Biden/Clinton.

Biden should have Secret Service protection from about here on out, as probably should Bernie. Definitely if he walks out of the convention with the nomination, and it was confirmed a couple months ago that that comes with a food taster/tester, when Trump’s food taster/tester got sick. So, he would probably be safe from Arkansas Suicide attempts. Esp since the one person more disliked by the SS than skinny dipping Joe is Crooked herself. I think that the 25th Amdt would be the way to go.; 3/4/20, 7:43 PM
Lewis Wetzel said...: The "general welfare" clause of the constitution has been written about extensively by jurists and law professors, including our esteemed hostess.
IMHO, it is a crutch of the collectivists.
Article 1, section 8 of the constitution begins "The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;"

So it is mentioned in the context of collecting money and outlaying money, as it must for a common defence of the states, not in the context of the broad powers required to turn the United States into a socialist dictatorship, "democratic" or otherwise.
Indeed, in article 1 section 8, "congress" appears 3 times, "state(s)" appears 12 times, almost always in the context of "the United States." the word "people" appears not once.; 3/4/20, 7:45 PM
Achilles said...: The general welfare clause was the biggest mistake the founders made.; 3/4/20, 8:08 PM
Lewis Wetzel said...: "Achilles said...

The general welfare clause was the biggest mistake the founders made."

Maybe, but, as I understand it, it is more used a rhetorical prop by collectivists than an argument made in court. If taken the way that the collectivists would like, it would make the rest of the constitution (which forbids the feds from doing things) meaningless. You could simplify:
"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;"

To:
"The Congress shall have Power To provide for the common Defence and general Welfare of the United States;"; 3/4/20, 8:17 PM
ken in tx said...: I remember when the market tanked because LBJ pulled a beagle's ears and showed his appendix scar at a photo shoot. My political science professor pointed out that this was a ridiculous idea. Some of the news media hated him but for all the wrong reasons, mainly because he wasn't JFK.; 3/4/20, 8:51 PM
Gojuplyr831@gmail.com said...: If Joe picks Hillary as VP, he needs to be immediately put on suicide watch. Just don't hire the same guys that were watching over Epstein.; 3/4/20, 10:06 PM
stlcdr said...: Biden didn’t kill himself!; 3/5/20, 5:40 AM
JAORE said...: Financial experts always know EXACTLY why the market moved yesterday.; 3/5/20, 6:15 AM
Robert Cook said...: '"Indeed, in article 1 section 8, 'congress' appears 3 times, 'state(s)' appears 12 times, almost always in the context of 'the United States.' the word 'people' appears not once."

"Congress," "state(s)," and "the United States" are imaginary, rhetorical, and legal constructs that refer to and comprise physically real people. That is, government (the state) is people acting in concert to achieve specific and general goals to benefit people. Whether any given government (organization of people) works to benefit the few and ignore or oppress the many or to benefit all of the people has to do with each government, (i.e., who holds power, how the power is organized, shared, managed, limited, the explicit and implicit organizing principles and goals, etc.).

"...as I understand it, it is more used a rhetorical prop by collectivists than an argument made in court. If taken the way that the collectivists would like, it would make the rest of the constitution (which forbids the feds from doing things) meaningless."

What specific prohibitions on "the feds from doing things" are you referring to?; 3/5/20, 8:34 AM
mockturtle said...: So what happened to Biden's campaign overnight? The market is down over 800 points!; 3/5/20, 9:07 AM
Robert Cook said...: How does this uncontrolled theft and squandering of the people's treasure serve either "the common defence" or "the general welfare" of the United States?

Trick question: it doesn't.

Paying for repair of old infrastructure and building new, along with helping to underwrite the cost of education and healthcare for all American people would be a far better expenditure of our tax funds, with better outcomes.

All the arguments to the contrary are lies meant to continue the pervasive long-term swindle separating us from our money with no benefit to us and all to those getting rich(er) and aggrandizing their power on our tab.; 3/5/20, 11:31 AM
Kai Akker said...: DJIA -901 2:00 pm Thurs

Stocks swooned on Thursday as the world waited for Elizabeth Warren's endorsement. Meanwhile, Justices Gorsuch and Kavanaugh giggled together again. Analysts differed in their interpretations.; 3/5/20, 1:04 PM