"We're All Gonna Die!" Campaigning
The stock markets crashed today, down 5,700 points in four weeks. If the Dow Jones Industrial Average had dropped this many points at the famous 1929 market crash, it would have closed BELOW ZERO. The 1929 crash was due to over speculation and excessive leveraging. We know better than to do that today, right?
Today's drop is probably due to (1) coronavirus fears and (2) a battle of egos between a would-be king and an oligarch. The last time such a juxtaposition of egos and viruses occurred was just over a century ago, called World War One. Between the 16 million killed by the war and the 50 million killed by the Spanish Flu, those losses are only rivaled by WWII.
This is not the 20th century, and major powers no longer engage in open warfare. Instead, we fight battles through proxies, engage in economic wars, and have begun cyber wars. Diseases are medically managed much better than was the Spanish Flu. So, where is the drama? Answer: the Michigan Democratic Primary.
Bernie now has the coronavirus to beat his Medicare for All message into a genuinely frightened and under-insured electorate. Trumps' economic miracle is heading back down to the same number inherited from the Obama administration (one more drop like today's will do it). Joe Biden is blending into the electorate like a white wall. One word describes it all - panic. Now, that's election entertainment, and you need not go to a crowded theater to enjoy the gore. Neither do you need go to the voting booth, and maybe that is the scariest part.
#electionentertainment

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