Trump's answer here is like an onion of stupidity, and peeling back each layer reveals even more stupidity lying beneath
President Trump, brain genius. Photo: Spencer Platt/Getty Images Last night, President Trump made an attempt to reassure the public on the state of the economy. It was not very reassuring. His answer implied that, however low your assessment of his grasp of the economy beforehand — and mine was already extremely low — the president knows even less than anybody thought possible.Well, look, we were set to hit 30,000 on the Dow. This is a number that nobody even came close to.
“And already we have the number. And even though it’s down 10 or 11 percent, it’s still the highest it’s ever been, by far.” “At the same time, I have to say, people are now staying in the United States, spending their money in the U.S. — and I like that. People are now staying in the United States, spending their money in the U.S., and I like that. I’ve been after that for a long time.”
One problem is that tourism works two ways. Americans spend money overseas, but people also come here. In fact the United States draws more spending from tourists coming here than it spends on sending tourists overseas. So just on its own, shutting down international travel is not going to “make” money for the U.S. economy, it will cost money.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: 'We Can Push This Virus Back,' WHO Leader Says Of CoronavirusThe new coronavirus is now in at least 75 countries, the World Health Organization says. More than 94,000 cases have been confirmed worldwide. Despite that growth, the WHO director-general says: 'We can push this virus back.'
Read more »
Vice President Pence says new guidance coming for US nursing homes after coronavirus outbreakVice President Pence says the administration is sending new coronavirus guidance for nursing homes after a facility outside of Seattle has become a hotbed of infections. Follow live updates:
Read more »
China to see strong economic rebound after coronavirus, Chinese envoy to Canada saysChina's ambassador to Canada said on Wednesday that world's second-big...
Read more »
IMF chief says coronavirus erases hopes for stronger growth in 2020The global spread of the novel coronavirus has crushed hopes for stronger growth...
Read more »
Coronavirus has dimmed the outlook of Singapore's jobs market, says ministerSingapore has confirmed 112 cases of the coronavirus disease, of which 79 have been discharged from hospitals, according to the country's Ministry of Health.
Read more »
Testing for coronavirus is expanded to patients who have a doctor's order, CDC saysWith California recording its first fatality from the coronavirus, and a total of 11 people dead and 159 others infected nationwide, health officials in the US are expanding testing for the fast-moving outbreak.
Read more »