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Trump's Desperate New Low

February 7, 2018 in Blogs

By Heather Digby Parton, Salon

Trump and his flunkies claim they’re surrounded by a vast treasonous conspiracy: Democrats, DOJ, FBI and media.

Apparently the stock market felt left out of the Trump roller-coaster ride so it decided to go a little bit crazy on Monday: The Dow Jones average dropped by 1,500 points before climbing back just a bit to settle at a loss of 1,100 for the day. Whee! We have had many such days that were more significant in terms of percentage, but it was the largest single-day point drop in history.

What made it even more dramatic than usual was the fact that President Trump, who has repeatedly taken credit for the market's steady rise, was giving a televised speech on his glorious economic success while the stock ticker in the corner of the screen told a dire tale. There are myriad factors behind the plunge, but one possible contributor is that tax-cut euphoria is wearing off and investors are realizing the freak show in Washington might just be a little bit destabilizing.

The Nunes memo and all the congressional shenanigans may be a nice distraction for the president, but there is a little matter of another possible government shutdown this week and a budget that doesn't seem likely to come together, largely because the GOP leadership doesn't want anyone to see the new debt projections. In other words, the mess is getting messier.

In the midst of all this excitement, the House Intelligence Committee voted to release the Democratic rebuttal to the Nunes memo — if Trump approves the release, that is. Cable news pundits all seem to believe that part is a slam dunk, because the White House has said it wants transparency. I have to wonder if they've been watching the same Trump administration as I've been watching. I think it's entirely possible that Trump will refuse to release it, if only for the chance to demand the arrest of Rep. Adam Schiff, D-Calif., if it were to leak. Don't think he wouldn't do that:

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