14.7% Unemployment But there are Job Openings

It is the highest unemployment since the Great Depression but the cause of this employment situation is totally different than the 1930s. Many economists are predicting that there will be a quick bounce back once most people return to work.

This situation is dependent on science finding a cure for coronavirus. Despite the opening of businesses many people will not be going out any time soon. Concerts, political rallies, sports events and other large events are not likely to happen for many months.

Meanwhile there are some businesses that are hiring. food and delivery services, security services, and food markets are looking for help. Pizza Hut, 7-Eleven, Papa John’s, GoPuff, FedEx, Dollar General, Dollar Tree, Bytedance, Netflix, General Motors, and Fidelity Investments are in the list of companies that are hiring.

For Donald Trump this will be a very difficult time.  The booming economy was going to be his number one reason for re-election.

Dither

The one thing you can say about Donald Trump is his opinions, ideas, and plans will be reversed within minutes. Although sometimes it might be days. These changes apply to both domestic and foreign affairs.

It’s called dithering or indecisive behavior.

The latest is his decision to end the coronavirus task force. Yesterday his plan was to ‘wind down’ the force by May 30. Today Trump, reverses course and says coronavirus task force will continue ‘indefinitely.’

As recently as the end of March Trump praised Chinese leader Xi Jinping on his handling of the growing coronavirus outbreak. On March 3 Trump said “He’s now president for life, president for life. And he’s great,” “And look, he was able to do that. I think it’s great. Maybe we’ll have to give that a shot someday,” Trump said to cheers and applause from supporters. Now Trump says China’s handling of the coronavirus is part of a plot to make him lose re-election.

At the end of June 2019 Trump announced that Chinese manufacturer Huawei will be able to once again purchase goods from U.S. technology companies.

After a public backlash, President Donald Trump has changed his mind on US immigration after signing a new order ending the controversial family separations at the US border.

Jun 20, 2019 – President Trump reportedly gave the order to bomb Iran in response to its alleged downing of a US drone before eventually changing his mind.

What will tomorrow bring? Like any entertaining soap opera. Tune in!

Live And Let Die

As President Trump toured a Honeywell’s N95 mask manufacturing plant in Phoenix on Tuesday, his visit through the facility was accompanied by a head-scratching musical soundtrack: the Paul McCartney-penned “Live and Let Die,” as performed by Guns ‘N Roses.  Oh, he did wear goggle eye protection.

Live And Let Die

Guns N’ Roses

When you were young
And your heart was an open book
You used to say live and let live
You know you did

You know you did
You know you did
But if this ever changin’
In which we live in

Makes you give in and cry
Say live and let die
Live and let die

What does it matter to ya
When ya got a job to do
Ya got to do it well
You got to give the other fella hell

You used to say live and let live
You know you did
You know you did
You know you did

But if this ever changin’
In which we live in
Makes you give in and cry
Say live and let die
Live and let die

Source: LyricFind
Songwriters: Paul McCartney / Linda McCartney
Live And Let Die lyrics © Sony/ATV Music Publishing LLC, Kobalt Music Publishing Ltd.

“Don’t Stop Thinking About Tomorrow”

The lyrics

If you wake up and don’t want to smile
If it takes just a little while
Open your eyes and look at the day
You’ll see things in a different way
Don’t stop thinking about tomorrow
Don’t stop, it’ll soon be here
It’ll be, better than before
Yesterday’s gone, yesterday’s gone
Why not think about times to come?
And not about the things that you’ve done
If your life was bad to you
Just think what tomorrow will do
Don’t stop thinking about tomorrow
Don’t stop, it’ll soon be here
It’ll be, better than before,
Yesterday’s gone, yesterday’s gone
All I want is to see you smile
If it takes just a little while
I know you don’t believe that it’s true
I never meant any harm to you
Don’t stop thinking about tomorrow
Don’t stop,…

Obama team fully vetted Biden in 2008 and found no hint of former aide’s allegation

David Axelrod Super Tuesday election results reported from CNN's Washington DC bureau on Tuesday, March 1, 2016 in Washington, D.C. Photo by John Nowak/CNN

When You Can’t find Disinfectant Wipes

Can’t find disinfectant wipes in the store? From the Clorox web site instructions to make your own disinfectant spray. Go to Clorox web site.

Start by determining what type of bleach product you have. To do this, check the UPC code: the unique 12-digit number that’s beneath the machine-readable barcode, which is a series of unique black bars.

How to Make Your Own Disinfecting Solution

Advice from our experts

How to Make Your Own Disinfecting Solution

Follow these easy steps using the disinfecting bleach you have at home.

Start by determining what type of bleach product you have. To do this, check the UPC code: the unique 12-digit number that’s beneath the machine-readable barcode, which is a series of unique black bars.

  1. Prepare the correct bleach and water solution. For the following products use ⅓ cup bleach to 1 gallon of water:
    Product Name UPC Number
    Clorox® Disinfecting Bleach2 (Concentrated) 4460032416
    4460032263
    4460032260
    4460032251
    4460032249
    Clorox® Performance2 Bleach (Concentrated) 4460032428
    Clorox® Germicidal Bleach4 (Concentrated) 4460032429
    4460032293

    For the following products use ½ cup bleach to 1 gallon of water:

    Product Name UPC Number
    Clorox® Disinfecting Bleach2
    Clorox® Regular Bleach2
    4460030770
    4460030769
    4460030768
    4460031171
    4460030985
    Clorox® Performance Bleach1 with CLOROMAX® 4460031859
    Clorox® Germicidal Bleach3 4460030790
  2. To disinfect, first pre-clean the hard, nonporous surface.
  3. Apply your bleach solution.For the following products, allow the solution to contact the surface for 6 minutes, then rinse with clean water and let the surface air dry:
    Product Name UPC Number
    Clorox® Disinfecting Bleach2 (Concentrated) 4460032416
    4460032263
    4460032260
    4460032251
    4460032249
    Clorox® Performance2 Bleach (Concentrated) 4460032428
    Clorox® Germicidal Bleach4 (Concentrated) 4460032429
    4460032293

    For the following products, allow the solution to contact the surface for 5 minutes, then rinse with clean water and let the surface air dry:

    Product Name UPC Number
    Clorox® Disinfecting Bleach2
    Clorox® Regular Bleach2
    4460030770
    4460030769
    4460030768
    4460031171
    4460030985
    Clorox® Performance Bleach1 with CLOROMAX® 4460031859
    Clorox® Germicidal Bleach3 4460030790

clorox.com

US GDP turns negative, worst since 2008

US GDP shrank at a 4.8% annualized rate in Q1 due to the coronavirus pausing the economy.  It is the biggest decline since the Great Recession as depicted in the graph posted here. 

Are we in a recession? Most experts agree that a recession happens when the economy shrinks for at least two fiscal quarters in a row — in other words, six months.  Note that this report is the period ending March 31.  That is a period that does not include all the massive layoffs that has resulted from the coronavirus that started in mid-March.  That leads me to suspect a recession was on the way even before the virus had really impacted the country.  We can all see where this is going.   

Some economists are predicting a rapid turnaround once stay at home orders are lifted.  Personally, I can’t imagine sitting in a restaurant until their is a vaccine for covid 19. I might walk through the mall and I will defintely go places to take picures with my mask in place. The Hollywood Bowl and other theater settings are out of the question.

Source: U.S. Bureau of Economic Analysis

Donald Trump is No Conservative

What happened to the conservative Republican Party?

“America vs. Socialism” was the theme of the Conservative Political Action Conference this past February. “One of the most serious challenges our countries face is the specter of socialism. It’s the wrecker of nations and the destroyer of societies,” Trump said during his 35-minute address to the General Assembly on 09/24/19. But times have changed and now Trump is the promoter of give aways and subsides.

Thanks to the coronavirus, the United States is heading into a recession. 26.4 million people have applied for unemployment insurance aid since the country has been shut down. More high unemployment numbers may be on the horizon. Trump’s solution to high unemployment and closed businesses was ask congress to spend enough money to help everyone and every company pay their bills.

$1200 to each adult and $500 to each minor is being given to every legal resident and $600 per week to every person laid off from their job in addition to each states standard unemployment benefit for up to four months.

Businesses are to receive low interest loans. Some with strings attached and some with no strings.

This is the best example of a form of socialism that I can imagine. Democrats are delighted to go along with the big spending. Bernie Sanders, an avowed Democratic Socialist, is seeing his ideas being instituted. Donald Trump said there will never be socialism in America has proven to be the person most responsible for fulfilling Sanders ideas.

For sure it is Keynesian economics. Keynesian economics is an economic theory of total spending in the economy and its effects on output and inflation. John Maynard Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the Great Depression. Keynes argued that an interventionist government could help smooth out recessions by using fiscal policy to prop up aggregate demand. Strategic government spending could spur consumption and investment, argued Keynes, and help alleviate unemployment. Keynes’s theories gave rise to a new dominant paradigm in economic thought, which was subsequently dubbed Keynesian economics. While still popular, some have argued that Keynesian economics has provided a pseudo-scientific justification for short-sighted elected politicians to run fiscal deficits and accumulate massive levels of government debt.

Where is Peter Navarro and Larry Kudlow? If they are supporting Donald Trump actions now they have realized that John Keynes was right all along.

Thank goodness Donald Trump never heard of Milton Friedman.

President’s intelligence briefing book repeatedly cited virus threat

 

This is a disturbing report that was published in the Washington Post.  The entire report recites Donald Trump’s dealing with the coronavirus. The complete article is here The first 11 paragraphs are the most important and are posted, unabridged, here.  Trump is reported to be a big watcher of television.  If only the President’s Daily Briefing had been broadcast perhaps America’s response to the virus would have been different.

U.S. intelligence agencies issued warnings about the novel coronavirus in more than a dozen classified briefings prepared for President Trump in January and February, months during which he continued to play down the threat, according to current and former U.S. officials.

The repeated warnings were conveyed in issues of the President’s Daily Brief, a sensitive report that is produced before dawn each day and designed to call the president’s attention to the most significant global developments and security threats.

For weeks, the PDB — as the report is known — traced the virus’s spread around the globe, made clear that China was suppressing information about the contagion’s transmissibility and lethal toll, and raised the prospect of dire political and economic consequences.

But the alarms appear to have failed to register with the president, who routinely skips reading the PDB and has at times shown little patience for even the oral summary he takes two or three times per week, according to the officials, who spoke on the condition of anonymity to discuss classified material.

The advisories being relayed by U.S. spy agencies were part of a broader collection of worrisome signals that came during a period now regarded by many public health officials and other experts as a squandered opportunity to contain the outbreak.

As of Monday, more than 55,000 people in the United States had died of covid-19.

The frequency with which the coronavirus was mentioned in the PDB has not been previously reported, and U.S. officials said it reflected a level of attention comparable to periods when analysts have been tracking active terrorism threats, overseas conflicts or other rapidly developing security issues.

A White House spokesman disputed the characterization that Trump was slow to respond to the virus threat. “President Trump rose to fight this crisis head-on by taking early, aggressive historic action to protect the health, wealth and well-being of the American people,” said spokesman Hogan Gidley. “We will get through this difficult time and defeat this virus because of his decisive leadership.”

The Office of the Director of National Intelligence is responsible for the PDB. In response to questions about the repeated mentions of coronavirus, a DNI official said, “The detail of this is not true.” The official declined to explain or elaborate.

U.S. officials emphasized that the PDB references to the virus included comprehensive articles on aspects of the global outbreak, but also smaller digest items meant to keep Trump and senior administration officials updated on the course of the contagion. Versions of the PDB are also shared with Cabinet secretaries and other high-ranking U.S. officials.

One official said that by mid- to late January the coronavirus was being mentioned more frequently, either as one of the report’s core articles or in what is known as an “executive update,” and that it was almost certainly called to Trump’s attention orally.

The administration’s first major step to arrest the spread of the virus came in late January, when Trump restricted travel between the United States and China, where the virus is believed to have originated late last year.