Arched eyebrows are becoming a regular thing among economic experts who forecast the future of the economy. At least this time they got the sign right. Experts were predicting an 8% rise in May. It turns out that retail sales jumped 17.7%, more than double the experts’ estimates. This is the largest one-month increase in the history of the country.
Once again the experts found themselves out of the ballpark when it came to predicting the state of manufacturing in America. Arched eyebrows are becoming “the thing” among economic experts. These numbers will give Nobel laureate Paul Krugman another opportunity to suggest that the numbers are fake.
After three months of broad weakness brought on by COVID-19 business shutdowns/slowdowns, the Manufacturing Index surged 48 points to a reading of negative 0.2 up from negative 48.5 in May.
You won’t read about this in the NYTimes. On June 2nd, the Association of American Physicians & Surgeons (AAPS) filed a lawsuit, AAPS v. FDA, against the Food and Drug Administration to end its arbitrary interference with the use of hydroxychloroquine (HCQ)
HCQ has been approved as safe by the FDA for 65 years, and the CDC states on its website that “CDC has no limits on the use of hydroxychloroquine for the prevention of malaria.” It has been used in more than 400 FDA-approved clinical trials.
In what could be a prelude to what might happen if police forces are defunded/disbanded in various cities as is currently being pushed by various violent groups as well as ignorant city council members, Chicago experienced its deadliest day in 60 years on Sunday, May 31st. Chicago saw 18 murders in 24 hours.
The May jobs report was expected to show job losses of 7 to 8 million. This was the analysis of the financial experts and Nobel laureate economists. Imagine their surprise when the Bureau of Labor and Statistics (BLS) announced that 2.5 million jobs have been ADDED to the economy. Never in the history of the country have we seen a turnaround like this from one month to the next.
In effect, there are 10 million more jobs at the end of May than the experts predicted. Never have the experts been off by anywhere near this much. Not only were they not in the same ballpark, they weren’t even on the same planet. Perhaps these experts were meth experts not math experts.
There are literally thousands of memes circulating on the internet about the Wuhan virus pandemic. Some are funny. Some express satire. Others are directed at one political party or the other, at one political personage or another. And then there are some like this one.
Senator Tim Scott (R-SC) said it perfectly yesterday: “We are too often presented with a false dichotomy: either saving our economy or saving lives.”
Scott’s statement occurred during the Senate hearing with Dr. Fauci, head of the NIH. The Senator was exactly right. Those who believe that no preventative measures should have been taken are as ignorant as those who believe that re-opening the economy poses a mortal risk to everyone.
Georgia’s Governor Brian Kemp re-opened his state on April 24th despite fierce criticism from many politicians.
Federal Election Commission (FEC) records show that more than 50% of the $32.7 million raised by the DNC in March came from Michael Bloomberg. Specifically $18 million came from Bloomberg.
Abuse of power was one of the charges that the Democrats tried to hang around PDJT’s neck during their faux impeachment. The COVID-19 crisis has allowed the American public to see just how many politicians in positions of power become tinpot dictators and worse. It has not been pretty.
Some governors, mayors and law enforcement have become tyrants. This sudden ability to control all aspects of the lives of others has allowed their inner totalitarianism to come out. Most, but not all, are Democrats. Most are Democrats because those who would abuse power gravitate to the Democratic Party. As Democrats, they know that it is unlikely that they will ever be held accountable for their abuses.
President Lincoln once said,