Ezra Klein explains three plans that are being seriously considered for re-opening the economy.
There are times i wish I was wrong and this is one of them.
This is not good.
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Florida ER Doctor Loses Custody of Daughter Due to Coronavirus
What the hell is this, England?
“I was just shocked that the judge would take this stance without talking to medical experts and knowing the facts and take it so lightly, take my child from me and not think of the effect on her, her mental and psychological well-being,” she said.
Judge Bernard Shapiro is a criminal. May equivalent harm come to him.
David Stockman: Off The Charts!
From the Contracorner (paywall):
It took 213 years and 43 presidents—-from George Washington to Dubya Bush—- to generate the first $6 trillion of public debt. Now a mad man in the Oval Office and a herd of Capitol Hill larcenists will be doing it in just 700 days.
Actually, at the rate they are going we think it could be even worse. For instance, during the first six business days last April, Uncle Sam collected $87.5 billion in tax receipts, but this year during the same six days the take plummeted by 20% to just $70.1 billion; and that occurred before employer withholding payments were fully zapped by the 17 million of initial unemployment claims filed during the last three weeks.
You might wonder whether the numbskulls down in Washington are out of their minds. Even Goldman Sachs now forecasts that the budget deficit will hit $3.6 trillion in FY 2020 or an incredible 16% of GDP; and that the two-year total (including FY 2021) might hit $6 trillion.
CNBC Shocked To Learn How Capitalism Is Supposed To Work
Chamath Palihapitiya, CEO of the investment firm Social Capital explains how capitalism is supposed to work.
“What we’ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out.”
The U.S. shouldn’t bail out billionaires and hedge funds during the coronavirus pandemic, Social Capital CEO Chamath Palihapitiya says. “Who cares? Let them get wiped out.” https://t.co/dIbizumtqG pic.twitter.com/fsoP3ITQDa
— CNBC (@CNBC) April 10, 2020
Reason Provides Correct Context to NY Mass Grave Photos
No, NYC Is Not Running Out of Burial Space Due to COVID-19 by Elizabeth Nolan Brown.
tl;dr: it’s sad but not new.
‘Special Powers, Government Powers’: British Man Told He Can’t Be In His Own Yard
When UK police enact restrictions they (perhaps predictably) go insane.
Watch this encounter where a man in his own garden is told to get indoors or “the coronavirus will get you!”
At one point the officer even begins dictating how many times the man is able to go to the local grocery store. “I saw you carrying two bottles of pop earlier.”
INSANE.
First, this ‘policing’ defies minimal expectations of common sense.
Second, the nation is under house arrest – we’re restricted to our homes *including gardens obviously* and this is crystal clear in the regs.@syptweet will you apologise?
— Silkie Carlo (@silkiecarlo) April 9, 2020
Just maddening.
Of course the state never “apologizes”. Since the UK went on lockdown there’s been endless examples of such outlandish abuses.
Putting Sugar in a Gas Tank is Easy
That’s what I would do if some scumbag ripped me off like this. And that’s if I’m in a good mood. Smashing a window or slashing a couple tires is pretty easy too. And I hear the cops have decided to stop enforcing laws against such acts in a few major cities already.
CNN: People Are Luring Instacart Shoppers With Big Tips — And Then Changing Them to Zero
Instacart must really hate their employees to allow this to continue. I wonder why Instacart wants a national reputation as a business that helps their customers steal from their employees?
Does that seem like smart PR to you?
The Fed’s War on Savings
During a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. Ten days later, Trump signed a stimulus package of over $2 trillion dollars to provide relief to an economy on the precipice of collapse. The aid package includes handouts and loans to individuals, small businesses, and other distressed industries.
Read the rest at the Tenth Amendment Center.
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