Wednesday, November 02, 2016

Will Donald Trump actually win the election? If so, get ready for the economy to crash. It’s already jittery.

Headline from today’s financial news from the Reuters wire service:  

"Wall Street dips on election jitters, weak oil."

Why the sudden election jitters? Hillary’s polling numbers have gone down a bit, while Trump’s are up a bit, opening the possibility that he could actually be President.

And even if it's only a slim chance, the thought of Trump in the White House has begun to freak out the market — the business people, investors,entrepreneurs, money-makers, job creators, and the “collective wisdom” of investors.

The people in the know seem to know one thing for sure: Donald Trump would be an economic disaster, crashing the market, closing companies, throwing people out of work.

As for “weak oil?” 

Remember when fracking was producing so much oil that oil prices were dropping? Well, they’ve dropped. And now the oil companies, and the people who work for them, are screwed. 

That’s what you get when you follow the Republican advice to drill baby, drill.

The truth of the matter is that Republicans are, and always have been, at least since 1929, bad for business and bad for the economy.

So if Trump somehow wins — see you on the bread line.

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