Shut down of the American economy

The American economy is going to be shutdown on a scale that none of us have ever seen before. The number of confirmed coronavirus cases in the US is exploding- going up 10x in the last week (Worldometers graph below). Part of that reflects the ease with which this disease can be passed and an even bigger part is that we have been woefully inadequate in testing people for the disease.

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The New York area, Washington and California are the hardest hit, but it is going to impact every state in the country. It is already there- many of them just lack testing to verify the results. How many beachgoers in Florida infected someone this week?

Image result for florida beach coronavirus

Here in California, we are a week in to “Shelter in Place” status and there is no end in sight. Other areas will be taking the same measures or even more drastic ones. Millions of businesses are going to be shut down….and many of them will never reopen. Nail salons, gyms, yogurt stores, tutoring centers, car dealerships- they are interdependent. Economies are cyclical and recessions are self reinforcing- the failure of these businesses will drive the failures of other businesses. Even when we can safely go back in to the world, the laid off sales person from the Ford dealership won’t be taking the family out to dinner and ice cream.

The sooner we shut things down, the sooner we will be able to bring them back. But we have a President who consistently dismisses the threat posed by the coronavirus. His actions could costs thousands of people their lives and millions of people their businesses or jobs.

 

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Irony is not canceled

Rand Paul is the first Senator to test positive for the coronavirus. The same Rand Paul who earlier this week slowed down efforts to pass legislation to battle coronavirus . Son of Ron Paul, who earlier this week called the coronavirus a hoax and labeled Anthony Fauci as the “chief fearmonger of the Trump Administration”.

Image: Rand Paul

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RUDY! RUDY! RUDY!

Free legal advice- don’t hire Rudy Giuliani as your personal lawyer. Lev Parnas and Igor Fruman are the latest people to learn this lesson as they have now been arrested for illegally funneling Russian money into President Trump’s campaign. They had given $325,000 to a Trump Super PAC through a LLC- sadly, that part is legal. It is absolutely ridiculous how much influence large donors can have and the massive amounts of money than can be given to campaigns legally- which makes it even more absurd that people like Lev and Igor are doing it illegally.

Igor hanging out with Trump, courtesy of the WSJ.

 

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Great and umatched wisdom from a very stable genius

The amount of insane things that Trump says and does are just so incredibly overwhelming. If any other President wrote something like this, there would be discussion of how quickly the 25th Amendment could be invoked.

The President of the United States is threatening to obliterate the economy of Turkey…and apparently has done it before. Perhaps all of Ivanka’s unsold clothing line was dumped there? Did Trump himself open a hotel that inevitably went bankrupt?

 
This quote gets glanced over because Trump said and did at least 5 other things more insane than this today, but it is yet another scary reminder of the massive damage he is doing to our international standing.

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Well that’s not good

NY Times article on Biden making $200k on a speech to a pro-Republican group just before the midterm election in which he praised the Republican incumbent who ended up winning by 4 points.

One- this sure doesn’t sound like a guy who is gearing up to run for President.

Two- Biden has a loooonnngg record and a whole lot of things opponents to go after.

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Worst….Lawyer…..Ever

Rudy Giuliani backtracks on his yesterday’s statement to the NY Times regarding the Moscow timeline: “calling his comments “hypothetical” and not intended to convey facts.

You can pretty much apply that to anything that comes out of Rudy’s mouth.

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Rudy- let me further implicate my client

Rudy Giuliani now states that the Trump team was talking to the Russians about a Moscow Tower during 2016. Possibly even up to Election Day. And that Michael Cohen might be more reliable on this issue than Trump.

Donald Trump, shockingly, had a different take on interactions with the Russians in the MSNBC article:

In 2016, Trump was denying have any business relationships in Russia. “I mean I have nothing to do with Russia. I don’t have any jobs in Russia. I’m all over the world but we’re not involved in Russia,” he said on July 26, 2016.

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