The Red Tape Pandemic John Stossel
Coronavirus is frightening.
I'm working from home, practicing "social distancing." Experts say it'll help "flatten the curve" so fewer people will be infected simultaneously. Then hospitals won't be overwhelmed.
Coronavirus is frightening.
I'm working from home, practicing "social distancing." Experts say it'll help "flatten the curve" so fewer people will be infected simultaneously. Then hospitals won't be overwhelmed.
In the face of the coronavirus pandemic, everyone should read Robert Higgs' economic classic "Crisis and Leviathan." The critical warning of this masterpiece is that government always uses a crisis -- from the Civil War to the Great Depression to World War II -- to expand power, not only during the emergency but also afterward. Emergencies tend to ratchet up the cost and power of government permanently.
"We cannot let the cure be worse than the problem itself," tweeted the president on Sunday night, adding that, after the current 15-day shutdown, "we will make a decision as to which way we want to go."
It's the end of the world as we know it, and the banks and airlines feel fine because even in the midst of economic collapse, CEOs can sleep soundly at night, secure in the knowledge that the American taxpayer will bail them out. Again.
Precedent doesn't provide much guidance. There's a deadly coronavirus threatening to circulate through the population. The resulting government orders and social sanctions of self-distancing and self-isolating behavior are unprecedented in living memory.
"It's a war," says President Donald Trump of his efforts to contain the coronavirus pandemic, and likening his role to that of "wartime president."
— The coronavirus public health crisis likely will lead to an economic downturn of unknown length and severity.
— Historically, second-quarter GDP growth in the election year is an important variable in predicting how an incumbent president will perform in the fall.
— A recession could seriously damage President Donald Trump’s reelection chances.
— However, we are in truly uncharted territory, and it’s unclear how the public will respond electorally to an economic downturn forced by a pandemic.
No. No. No. No. No. The answer from the American people across the political spectrum to the airline industry's plea for a $50 billion taxpayer-subsidized bailout in the Age of WuFlu must be "Hell, no!" times 50 billion.
It was just a little over 10 years ago, at the height of the 2008-2009 financial crisis, that House Speaker Nancy Pelosi said one of the dumbest things in modern times. The best way to stimulate the economy, she declared, was with "unemployment insurance and food stamps." Right. Paying people not to work will get more people to work.
"The lamps are going out all over Europe, we shall not see them lit again in our life-time," said Foreign Secretary Sir Edward Grey to a friend on the eve of Britain's entry into the First World War.
You Democrats ought to be ashamed of yourselves.
You spent the last four years criticizing President Donald Trump in no small part for his mental state, and rightly so. The Founding Fathers included an impeachment provision in the Constitution in large part as a contingency to remove a president exactly like him, whose temperament and personality and mental state are incompatible with the requirements of the highest elected office in the land.
Dr. Brian Monahan, attending physician of Congress, told a closed meeting of Senate staffers this week that 70 million to 150 million Americans -- a third of the nation -- could contract the coronavirus. Dr. Anthony Fauci testified that the mortality rate for COVID-19 will likely run near 1%.
What just happened? The Democratic presidential nomination race, which gave signs of lasting months, is now basically over.
— Tuesday night’s primary results generally showed Joe Biden running stronger versus Bernie Sanders than Hillary Clinton did against Sanders four years ago.
— Biden won every single county in Michigan, Mississippi, and Missouri, and he performed more than well enough out West.
— Biden’s delegate lead is expanding, and should continue to next Tuesday.
I think I'm where most sane people are on the coronavirus outbreak:
--Concerned but not panicked.
--Calm but not apathetic.
--Taking reasonable precautions but remaining skeptical of what all the purportedly "best experts" here in the United States are telling us about every aspect of their belated crisis management and response (especially on their pimping of vaccine development to prevent the disease).
Freelance jobs are "feudalism," says California Assemblywoman Lorena Gonzalez.
He will have to beat the polls once again, but he may have benefited from an anti-Clinton vote not present this time.
— Ahead of several delegate-rich contests this month, both national and state-level polls suggest that Joe Biden is solidifying his lead over Bernie Sanders.
— Though a handful of states will be voting tomorrow, Michigan, given its significance in the 2016 primary, will be a focal point of the night — and is likely a must-win state for Sanders.
— But some of Sanders’ great showings outside of Detroit from 2016 seem unlikely to repeat themselves this time.
— In Montana’s Senate race, Democrats now have their best-possible recruit, in Gov. Steve Bullock. We still see Sen. Steve Daines (R-MT) as a favorite but are moving this race from Likely Republican to Leans Republican.
The Democratic presidential field is down to two old, white males, former Vice President Joe Biden and Sen. Bernie Sanders. Though they are said to represent two polar-opposite wings of the party, on one issue, they are in complete agreement. They both have solemnly pledged to destroy millions of blue-collar jobs across Middle America's oil patch.