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Politics Bette Midler Accuses Trump Aides of Favoring Wall Street Big Shots, Says 'The Whole Gang Should Be Locked Up'

19:18  15 october  2020
19:18  15 october  2020 Source:   newsweek.com

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Bette Midler slammed President Donald Trump's administration for previously downplaying the dangers of the coronavirus to the general public while members of Trump's team were reportedly warning Wall Street power players about the economic crisis that eventually came to be.

Bette Midler standing in front of a blackboard: Bette Midler attends the WSJ Mag 2019 Innovator Awards at The Museum of Modern Art on November 06, 2019, in New York City. © Mark Sagliocco/WireImage/Getty Images Bette Midler attends the WSJ Mag 2019 Innovator Awards at The Museum of Modern Art on November 06, 2019, in New York City.

"Turn out #Trump aides gave #WallStreet a heads up on how serious the virus was going to be, so they could profit by 'shorting everything' all the while assuring #MainStreet that it was 'very much under control,'" Midler tweeted on Thursday, adding, "How much more proof do we need? The whole gang should be #LOCKEDUP."

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Her comments came in the wake of a Wednesday New York Times report that asserted that senior members of the president's economic team shared concerns about the virus with economy leaders as early as February, noting that the potential threat COVID-19 could have on the market was unpredictable. It's messaging that Trump wasn't delivering while addressing coronavirus publicly at the time.

Back on February 24, Trump wrote on Twitter that the coronavirus was "very much under control in the U.S.A.," and claimed that the stock market was "starting to look very good to me!" However, according to the Times, hours before the president tweeted that statement, Tomas J. Philipson, a senior economic adviser to the president, spoke with members of the conservative Hoover Institution privately and warned that it was too early to tell how the virus would impact the stock market.

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Shortly after, Larry Kudlow, the director of the National Economic Council, made similar claims that the coronavirus in the U.S. was "pretty close to airtight" while appearing on CNBC. But he too had earlier told Republican donors that the virus was "contained in the U.S., to date, but now we just don't know," according to the Times report. Trump advisers' vague warnings were included in a document written by a hedge fund consultant who attended and took notes on the Hoover board meeting, the Times noted.

As history would have it, despite reaching record highs in early February, the stock market plummeted shortly after. Global markets were already on the decline when Trump's February 24 tweet was shared. Within four days, brokers saw the Dow shrink by 1,000 points, resulting in one of the biggest stock market crashes since the Wall Street Crash of 1929.

Midler, who has been a staunch critic of Trump throughout his time in the White House, recently made claims that far worse could happen to the American public in the weeks leading up to the election under while Trump's still in power.

"He's utterly schizoid, somedays he's a 'good-humored moron', other days, he's a 'cruel and bloodthirsty fiend," the 74-year-old actor wrote on Twitter on Monday, adding, "He will topple the Republic, and walk away unscathed. Until #SDNY gets him."

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