And even Democrats know it:
Just when I think government has reached peak stupidity, some buffoonish bureaucrat surprises me. This time it was the Atlanta Fed president who equated high rates of incarceration of minorities with sub-optimal employment. Of course the suggestion here is “systemic racism” or something. Here’s a news flash for this moron and other leftists who can’t grasp basic economics: the incarcerated are not counted in the labor force. Secondly, there are currently as many job openings as there are unemployed in this country. That’s right – there is a job waiting for every person without one.
What we have is not an incarceration problem but a government interference problem. When you shut down half the economy, destroy hundreds of thousands of businesses, print and spend money to make up for it, misallocate capital, and pay people to NOT WORK, then you have a labor problem.
Interesting take. It could explain a lot about today’s sudden “woke” corporatism.
Former president Bush apparently thinks Joe Biden is our savior. Proof once and for all that in DC there really isn’t a left vs right battle. Rather it’s the snobby elites vs everyone else. It’s the establishment vs the outsiders. It’s them vs “us”, us being 90% of the country.
Bush is a sell-out and a disgrace. He is a corrupt deep-state swamp dwelling doofus and fraud just like Clinton, Pelosi, Biden and McConnell. They are all the same and it’s likely all the protests and rioting and violence and legitimate concerns over our fraudulent elections are nothing more than political theater to them. They don’t care about all the people suffering from lockdowns, crime, illness, and corruption. They don’t even care about supposed (fake) inequity. The people are pawns to them. Not saying there are not some honest, principled leaders in DC. Trump was one. They are just outnumbered. DC isn’t a swamp, it is a sewer.
As anyone who knows me will tell you I am not a believer in conspiracies. No, I don’t think Covid is a Chinese bio-weapon intentionally released on the world. But in the spirit of “never let a crisis go to waste” many in government on both sides of the aisle, both elected and appointed, are letting their inner authoritarian shine through. Just look at all that has happened in a few short weeks:
Airlines probably shutdown. Restaurants and bars closed, as well as schools. Banning public gatherings of more than 50. Some countries have curfews. What’s next, martial law? Rate cuts to zero, massive liquidity injections, Feds basically guaranteeing all kinds of debt, massive benefit extensions, now they are talking about massive spending programs, giving people cash, etc. They are talking about mortgage guarantees. Supporting everything EXCEPT stocks which will likely continue to crater. I have seen this crash as a historically good buying opportunity and by every measure it should be. Not so sure now. Most indices are off 30-40% and the average stock is down 50%. The bottom could well be another 20-30% down though there were a few positive signs the past three days. At least volatility is falling from historical levels. People will soon demand their retirement money be guaranteed. The leftists and statist Feds have always wanted to get hands on 401k and IRA money.
I do not think this was planned, but the statists and globalists are grabbing as much control as quickly as they can. The response is totally disproportionate to the problem right now. Scare everyone shitless and then we will save you. It’s insane. Projections of millions of deaths if we don’t ‘”do everything” are based on models, not reality. The same type of garbage models told us the Earth would be uninhabitable by now some 20-25 years ago. Junk science. What if we instead end up with tens of thousands of deaths, less than the seasonal flu? We are looking at fundamentally changing our country possibly forever in ways a leftist/Commie like Bernie Sanders could only dream of. Constitution be damned!
Now, there will likely be some positive long-term changes brought about, so it might not all be bad. Globalism is dead. Nationalism is on the rise. Trump was right and the world government globalists like Obama, the Clintons, Soros and the minions of the EU have been discredited. Borders matter and an open border is not just crazy, it is potentially suicide. Illegal immigration may end. Key manufacturing will no longer be outsourced but will be moved back to the US. What will incentivize this to happen is lower taxes and regulatory roll-back, something that Trump has been able to implement. There will be a battle between this and the potential need to pay for more trillions in new welfare programs and heightened concern about public safety, so that bears watching.
Phony leftist vanity projects like “climate change” will go nowhere. The “Green New Deal” is dead. Catastrophic climate change is a massive con anyway. Fossil fuels are now the cheapest in over a decade and have just made “alternatives” uneconomical. A recession/depression is going to cause emissions to plummet. Nobody will worry about climate change except for the hard-core leftists: hard to be concerned about phantom warming when you fear a pandemic, never mind there is evidence that warm weather wipes out the Covid. Other leftist vanity projects like LGBTQ indoctrination will likely take a back seat as well.
Remote learning will take off. This will hurt the educational industrial complex hard, mostly a good thing. Public schools in the US, most of which are failing in their mission, will either reform or die. The public teacher’s union may be hurt badly. Higher education, already reeling from declining enrollment, skyrocketing tuition, providing a poor product and the elite’s admission scandal will see their market hit hard. This is a good thing: higher education, mostly run by leftist elites who are unemployable elsewhere are damaging this country immeasurably with their phony degrees, safe spaces, trigger warning and microaggressions. It is time the entire business needs a great big cleansing.
Far-left media may collapse. The credibility and favorability of this business is already at an all-time low, but media has particularly disgraced itself with its panic-inducing hyperventilating and outright cheerleading for an epidemic, as it might be the one thing that will take down the Bad Orange Man. It isn’t working, other than the panic part. People will grow sick of these swine, and quickly.