Wednesday wanderings the first week of March

Well, March Madness will be thrust upon Americans later this month, so everyone get ready for the various brackets for the NCAA basketball tourney. Madness may be the operative term for the world these days, but please note things are usually not as bad as reported, as good news is vastly underreported and does not have as high a bounce as a negative news.

Here are few thoughts as a wander this Wednesday.

The Coronavirus will be more prevalent than first thought, but it seems not as deadly as other viruses. Still, those who are not in good physical shape with breathing issues, circulation issues, obesity issues, etc. should be prepared to more abruptly deal with symptoms. Sadly, since the US president has made this a personal political issue, listening to politicians talk, whose first mission is to protect the Trump brand, is not reassuring. I want to hear from experts.

Many financial people have forewarned that using stimulus tools to prop up an economy and stock market when it is going pretty well is not the best time to deploy them. When they are used now, what will you use later? The economy is still doing pretty good, but has been softening for more than a year. And, the stock market has been in need of a downward adjustment for some time. But, the president views the stock market as a key barometer, so he takes it personally when it falls, even though, he has little ability to control it long term. Yesterday, the market did not react very well to the Federal Reserve lowering interest rates 50 basis points (1/2 %). To me, it was seen as a panicky move, but smarter people than me will have to judge this (note, the market got a bump today in reaction to Biden’s success in the primaries).

While I like Bernie and will vote for him if he is the nominee, America breathed a sigh of relief yesterday with former VP Joe Biden’s rebound performance. As an independent and former Republican and Democrat, I am fiscally conservative and socially progressive. I very much believe in helping people with opportunities and to climb a ladder when disenfranchised. But, we need to pay for things. Right now, we have $23 trillion in debt and it is projected to increase to over $35 trillion by the end of the decade. We must deal with this obstacle, while we do other things – pay for infrastructure improvements, shore up the ACA, Social Security, etc. With this in mind, while both are good people, Biden will be better positioned to bring folks together to do that – Democrats, independents and even some Republicans.

If Bernie wins the nomination, I hope he pulls in a more moderate Democrat as his VP candidate. If Joe wins, it would be great if he tapped someone a little more progressive than he is. One of the dilemmas is the Democrats need to think about the future, as neither person is a spring chicken. I like listening to folks like Pete Buttitieg, Andrew Yang, etc. as they have a well-considered ideas, even if you don’t agree with every thing they say.

Whatever happens, Democrats need to vote for their candidate as four more years of the most corrupt and deceitful president in my lifetime, including the corrupt Richard Nixon, will not be good for America. I have said and written this to Senators and my Congressman, but regardless of party, we cannot have a president who acts the way this incumbent does. He is a national security risk and quite simply, America is no longer trusted as before, because the president is not trustworthy. Plus, we cannot lose sight of more aggressively addressing climate change and environmental degradation that have been made worse and would deteriorate more on his continued watch.