I have to take him at his word. If he thinks it is going well, that means the chaos is what he wants.
He is either gaming the stock market for profit, or trying to harm the world economy.
The very slim possibility is that he is being told by others with an agenda that things are working as planned.
“The US separation of powers, a cornerstone of the Constitution, divides governmental authority into three distinct branches – legislative, executive, and judicial – with each branch having specific powers and responsibilities, preventing any one branch from becoming too powerful”
If the president is responsible for appointing judges, then the judiciary is not and never was a separate power. While it required a rather unlikely series of deaths and retirements, in close proximity, the judiciary is under trump’s control because he has control of the supreme Court having appointed several.
I feel like using percentages would be more meaningful. The Dow Jones peaked at 381 just before crashing in 1929. So using absolute numbers can’t be compared because the entire DJ wasn’t worth the drops we are seeing today.
I in 1929 it lost~10-12% on its worst days
So far Trump is losing ~5% approx each day
It’s not exactly a stellar endorsement. I’m only saying that you are comparing things at today’s dollar value, when the value of currency changes over time.
This Wikipedia page shows that the worst days by percentage are not where we are yet.
However… Rank, President (AFFILIATION), date, DJ, Point loss, %loss
1 Reagan ®, 1987-10-19, 1738.74, −508.00, −22.61%
2 Trump ®, 2020-03-16, 20188.52, −2997.10, −12.93%
3 Hoover ®, 1929-10-28, 260.64, −38.33, −12.82%
4 Hoover ®, 1929-10-29, 230.07, −30.57, −11.73%
5 Trump ®, 2020-03-12, 21200.62, −2352.60, −9.99%
6 Hoover ®, 1929-11-06, 232.13, −25.55, −9.92%
7 McKinley ®, 1899-12-18, 58.27, −5.57, −8.72%
8 Hoover ®, 1932-08-12, 63.11, −5.79, −8.40%
9 T. Roosevelt ®, 1907-03-14, 76.23, −6.89, −8.29%
10 Reagan ®, 1987-10-26, 1793.93, −156.83 , −8.04 %
All republicans. I note that the biggest daily gains were also republicans but most of them are related to the big drops e.g a day, week or month later, so they basically tank the index then the index recovers some time later.
I’m not trying to be a nay-sayer, but what does this actually achieve?
He’s not disrupting a vote. He’s only talking. While I’m all for the Democrats doing something this doesn’t actually achieve much. Chick Schumer had a chance to actually disrupt this administration but he didn’t.
So I am genuinely asking, if the Democrats are not preventing the Trump administration from pushing bills through e.g if this were a fillibuster, how does this help?
They can’t admit it because it’s an echo chamber. Trump tells them what they want to hear. They feel smarter for being validated by the president so they ignore the nagging voice that things aren’t going to plan because the only possible explanation is NOT that they were wrong and don’t understand these complex issues, but that even though they can’t see the full picture, they were right. Then all the other people in the same position agree that 4D chess is being played and they all voted a smart vote and the endorphins flood their brain again