Ditto, Bonehead, Ditto!

 

by Pa Rock

Citizen Journalist

This story is all over the internet this morning, and it so perfectly encapsulates contemporary politics in America that it merits preservation in this forum as well.

Yesterday the Dow Jones hit its highest point ever and the S&P 500 got within striking distance of its highest point, so the stock market had a very good day, one of its best days ever.  The stock market rose on news that the Federal Reserve would not raise interest rates again this year, and the Fed chairman also went out on a limb and said that the agency that ultimately controls the amount of cash flowing into the economy would very likely cut interest rates up to three times next year.

Woo hoo!   The recession may not be over, but it is certainly waning.  Investors were giddy happy and blasted the top out of the Dow Jones which closed at 37,090.24.

(The stock market is just one indicator of the nation's economic well-being, and many argue that it has little or no concurrent impact with the things that bring the economy home to people who roll-up their sleeves and work for a living - things like the price of groceries, gas, housing, education, and medical care.  BUT, a rising stock market is a clear indicator that the investors who provide much of the money to grow and expand the economy think that things are looking up.)

The stock market rose during the Trump years in the White House, and Trump was always eager to take full credit for that good indicator of a healthy economy.  And he also used the big stock market numbers to pound his political enemies and what he saw as partisan efforts to  control his erratic actions and policies.

Yesterday, the same day that the Dow hit its highest point ever, the US House of Representatives also voted along straight party lines to open a formal impeachment investigation into President Biden.  The  GOP House has, for months, been trying to come up with grounds to bring impeachment charges against Biden in order to give him some political baggage to detract from Trump's multitude of current legal troubles, but has so far failed to come up with evidence of any crimes on Biden's part.  Republicans in the House are currently trying to link him to legal difficulties attached to business dealings of his son.

Meanwhile, some social media archaeologists were digging through old tweets and came up with this gem which had been posted by Donald Trump on April 23, 2019:

"You mean the Stock Market hit an all-time high today and they're actually talking about impeachment?   Will I ever be given credit for anything by the Fake News Media or Radical Liberal Dems?  NO COLLUSION!"

I'm sure that somewhere this morning Joe Biden is laughing and saying, "Ditto, Bonehead, ditto!"