Showing posts with label Paul Romer. Show all posts
Showing posts with label Paul Romer. Show all posts

Thursday, April 16, 2020

Why Holman Jenkins & His WSJ Wrecking Crew Want To Get You Back To Work Prematurely





In  what Janice calls "Americans' last IQ test"  we beheld Capt. Bonespurs bellowing about getting the U.S. economy open before May.  Fortunately, the CEOs of major companies in a meeting with the imp pushed back, saying 'Whoa! We need lots more testing first!"  This echoes Dr. Tara Narulla's warning this a.m. - to those who have ears to listen and a brain to process: 

"We need tests to be ubiquitous, efficient and to have a rapid turnaround time.  Without that we're really flying blind - and it's not just a question of opening the economy but keeping the economy open. If we can do that and fix the problems on the supply side then hopefully we can reopen the economy and keep it open."

Clearly, Dr. Tara gets it - like nearly all medical specialists and especially the epidemiologists.  She gets that the economy cannot be prematurely opened - without enormous viral blowback  i.e. until an effective mass testing program is underway. This is one which can test 20 % or more of the population, as opposed to the barely 1 percent thus far.  But while she gets it, and millions of Americans do as well, we behold a build up of  irrational impatience in a number of places, from Vegas to Lansing, Michigan, even as the mitigation is beginning to work.  For example, we saw last night and this a.m parading Tea baggers holding 'Don't Tread on Us!' signs as well as others with 'Liberty once lost is lost forever' signs.  Hey, Trumpista dolts, how about your life once lost is lost forever?  Then you won't have to worry about any income, period!

Meanwhile, Vegas' mayor Carolyn Goodman belched out: "This shutdown has become one of total insanity!"  Uh no, my dear mayor lady, it's become an effective means to prevent Vegas' hospitals from overflowing with Covid patients.   But lest we come down too hard on these minor leaders like Goodman - or South Dakota's  clueless governor Kristi Noem (who refuses to shut down despite one of the biggest clusters in the nation) or the hoi polloi screaming protests for "taking their liberties", let's look further afield at the real culprits.  The brigands in media - mainly reactionary right trolls - who keep feeding these memes- energizing the "revolt of the dummies" to borrow J's parlance.

Start with the WSJ editorial scribes themselves (i.e. 'It's Still America, Virus Or Not!', April 13, p.  A16) who Joe Scarborough ripped to shreds just two mornings ago, e.g. "Who do these Wall Street  Journal editors think they are?  They yelp about liberals just wanting to feed money to workers instead of going back to their jobs. When they can sit in their nice home offices and not have to worry about getting sick!" 

Of course, though Joe focused on the rush to get back to jobs, the Journal's editors went even further off the deep end in their bogus arguments, ibid.:

"The First Amendment still stops government from prohibiting the free exercise of religion, and still guarantees the right to free assembly."

Incredibly conflating the first amendment and free exercise of religion with the right to assemble cheek to jowl amidst a pandemic..  So with the spread of such deformed and misbegotten memes it's no wonder we have seen as many fellow citizens as we have devolve into stupidity.  It seems, as Janice is wont to say, "in this country the virus of stupidity is as rife as the bat virus."  Well, yeah, ok, I have to agree if we see these Tea Party -like protests continue.

 Then there is the Journal's proudest provocateur and rhetorical bomb thrower, Holman Jenkins Jr. In an earlier (April 7) blog post  I already highlighted his  daft op-ed ('Was Dr. Strangelove an Epidemiologist?')  where he trots out a medical resident named Joseph A. Ladapo (of UCLA) who claimed in a recent op-ed that "the shutdowns if prolonged will only make matters worse."      Adding that even when restrictions are lifted "we will emerge right back where we started.... and no matter what our hospitals will still be overwhelmed."

Says who?  As I observed at the time one was left to wonder where this quack came by that "Eureka" brain fart.  In fact, Jenkins' balderdash was pure propaganda only spun to try to get pressure on the medical community to loosen standards and allow the virus to resume its hatchet job on hospitals, nursing homes, meat packing plants and prisons.  It can't be otherwise, i.e. like Jenkins Jr. really cares because every word he writes (e.g. 'Sweden Is a Viral Punching Bag', WSJ, April 15, p. A15) reinforces the conclusion he's out for one thing: reopening the economy too soon so he can quickly resume his evening dinners of foie de gras and wine.  Most telling in his latest (April 15, ibid.) jeremiad against the medical community:

"When it's all over, academics will look seriously at how the lockdown strategy compares with alternative strategies .  They will ask how much of our apparent curve flattening to date was due to individuals taking precautions, how much to heavy -handed government intervention. How many lives- and more realistically years- were really saved by our efforts?"

Again, the  little Neolib mutt just doesn't get it.   He doesn't get that the core issue is preventing our limited medical system (including in terms of supplies raided by Trump, Jared & Co.) from being overrun. Already in NYC the past two weeks we've beheld a system at the very brink - often with double the number of Covid patients for the ER (or ICU) capacity.  Did Holman see any of this?   The fact that New York's system didn't tip over into chaos was all because of the mitigation efforts which he belittles, suggesting some alternative mode of solutions exists. It doesn't, other than in his febrile mind.

Another crass and cynical aspect of the above quote from Jenkins' piece is the question, 'How many lives- more realistically years- were really saved by our efforts?'  This rhetorical bit and its implication may have been missed by many.  What he means by referring to "years saved" is the fact that older Americans - say in the 70-85 year bracket, don't have that many years of their life left anyway, say compared to young sprats, millennials etc.  Hence, the deaths of older Americans in his quantitative risk vs. benefit view don't count as much toward being "saved", if lost to Covid.  One hundred seniors with maybe two years left each (on average) to live in nursing homes, by his reckoning, adds up to 200 years saved. Compared to 100 millennials with maybe 50 years each left to live.  In this way, Jenkins can pretend to minimize the loss of life, the same way his conservo compadre Bill O'Reilly could when he said of dying seniors in nursing homes, "They were mostly on their last legs anyway."

But look, without any valid cures, treatments or vaccines,  we are all for the high jump anyway, say if the economy is prematurely opened. Especially before widespread effective testing and contact tracing. This is the method we are left with, whether Jenkins Jr. likes it or not. Or his WSJ compadre Daniel Henninger (WSJ, today,'Restore Laissez -Faire Capitalism', p. A13) who insists we need "a bare bones government, not a bare bones economy".   Hey, Henny, how about just bare bones - and skulls - piled up in pit graves across the country? You ok with that, mate?  After all, Henny doesn't want any "security blanket statism " (i.e. 'dirigisme') with workers begging the gov't to  help feed them and their family- say instead of the hedge fund owners ready to tap into the PPP (Paycheck Protection Program).  As revealed by Bloomberg News, most of these hedge fund operations chomping at the bit for cheap, no strings loans, only have four or five employees.   Henny, I am sure, will be fine with that "laissez-faire" giveaway as will Holman Jenkins.

Thus, whisking millions back to work prematurely serves two main purposes for the WSJ's hacks: 1) Disabling any need for the govt' to step in again to send relief checks or expand food stamps etc., and 2) To provide more billions for the rich, the one percent, hedge fund owners, Repuke donors and the like..   As I often say, you can't make this shit up. Out of the mouths of capitalist loons and baboons.

Zeke Emanuel (oncologist and Vice Provost for Global Initiatives at the Univ. of Pennsylvania)- put it in stark terms for the economy über alles  humpers like Jenkins, Henninger et al on the April 6th 'Last Word' :

"Realistically COVID -19 will be here at least for the next 18 months or more.  There will be no normalcy until we find a vaccine or effective medications.   I know that's dreadful news to hear. How are people supposed to find work if this goes on in some form for a year and a half?   Is all this economic pain worth trying to stop COVID-19?

The truth is, we have no choice. Prematurely ending the physical distancing and the other measures, the deaths could skyrocket into the hundreds of thousands if not millions. We cannot return to normal  until there's a vaccine. Conferences, concerts, sporting events, religious services, dinner at a restaurant, none of that will resume until we find a vaccine, a treatment or  a cure."


At the basis of these strategies is the nature of exponential growth for this virus, e.g.

 As described by one knowledgeable WSJ columnist ('The Power of Exponential Growth', p. C4, April 4-5). 

"Exponential growth is dangerous because if each person infects more than one other person, the spread of disease quickly becomes overwhelming. Multiplying by 3 for instance. it only takes 21 steps to reach 10 billion, more than the current population of the world."

 Little Holman would do well to process and remember her words, and he might also avail himself of the recent work of sane WSJ columnist Jo Craven McGinty ('Why The Flu Doesn't Tank The Economy',  April 11-12, p A2) wherein she notes:  "Instead of gentle waves of cases cascading around the country like the flu, a tidal wave of Covid cases has swept across major cities in half the time"

The point being that the R- nought is significantly greater so the rate of transmission is faster. This is a fact any dolt has to master before jumping like a lemming onto the hurry up and re-open bandwagon.  

 Holman needs to process all this (along with his WSJ editors) before he next writes fulsome twaddle complaining about "heavy-handed government intervention".   Nobel winning economist Paul Romer on All In last week posited over 300 million tests were needed nationwide before we can even think of returning to business as usual.  This country isn't even doing one hundredth of such tests per week, so how can there be the most remote hint of reopening? Further, the U.S. federal government "has yet to launch a national test and trace strategy to find and isolate virus carriers" (WSJ, today, p. A9), without which it is sheer madness to reopen.

At minimum, as Prof. Romer indicated to Chris Hayes,  we need at least 4- 5 million tests per week to get a basic idea who's infected, where the virus is. The sad and sorry fact? The U.S. of A. has barely done 3.2 million tests in the past month - so we're way way behind the curve of testing adequacy.  Without that and contact tracing it's a bloody fool's errand to open the country up. Apart from which opening up is not like flicking on a light switch. As Anthony Fauci pointed out to ABC's David Muir in an interview on the news  last night:

"It's gonna be like a rolling re-entry not like a light switch turning on and off.... Also, we do not know everything about this virus and what it's capable of doing. It is also entirely conceivable we will see a rebound of the virus as we get into a seasonal situation, such as next fall or winter."

The other element Jenkins and his team of  greedhead buffoons don't grasp, is that the economy is inextricably bound with the nature of the virus, the pandemic.  "You want to get the economy back? Take care of the virus!"  In the words of Chris Hayes, host of 'All In' last night. Until the problem of the virus is fully solved, there is no way in hell that the economy can come back even in a diluted, weakened state. But try telling or explaining that to those like the Pennsylvania Repukes pushing against Gov. Tom Wolf to open the state up - with one Repuke Mike Turzai- blurting:

"The hurt from the economy is as great as the hurt from the virus, so we need to help both at the same time."

Uh no, dope, you can't "help both at the same time".   The reason is that the economic function -at any level - is contingent on the control of the virus.  That is only achieved with a vast testing and contact tracing program. Do you have that? If no, then you can't open the economy yet.  The worst outcome at this stage would be a second wave of deaths, illness to begin because states let up too soon.   Such a scenario would force an even longer postponement. How hard is this to process?

With inadequate testing there will always be the lurking virus clusters (like in a Smithfield meat plant Sioux Falls,SD because of its inept, dumb governor Kristi Noem) especially with the dearth of proper testing going on now - which ought to have commenced months ago.

On reading Jenkins' propaganda piffle it was also clear to me he doesn't really believe in the idea - better principle, of flattening the curve. This is when he refers to "apparent curve flattening".    But there's nothing "apparent" about it.
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One can see, even if one has zero math skills and couldn't pass a Mensa test if his life depended on it (like Jenkins et al) that flattening the curve is real and is evidenced when the caseloads are less than what we'd see if the hospitals were overwhelmed. As we look to the states where strict mitigation was in force, e.g. CA, WA, we can easily see it works and they've even been able to donate ventilators and staff to the states in the east (NY, NJ etc.). 

Another aspect is that if mitigation is not coordinated simultaneously  for all states, then one would have different curves in succession at different times -  like a wave train.  This is what the US of A is in for,  looking at the red states like TX, SD, etc. none of which have firm shelter in place rules.  That means, logically - as virologist Dr. David Ho has pointed out, the curves for flattening are spread out over time.  Don't fancy the longer wait?   Then blame Trump for his lack of leadership is setting up a coherent national coordination policy!

In the case of multiple curves spread over time, we then have -  instead of one area under the curve to deal with say 'A'  (the area under the green hump above)-   a succession of areas: A1 + A2 + A3 etc. each area extending over the time axis.   That means the flattening process will take much much longer and hence the time to justify reopening the economy will take much longer.  This is what Jenkins and his band of nitwits doesn't grasp.  That includes the likes of ol' Phil Gramm - long time anti-big government gadfly (and former Chairman of the Senate Banking Committee)who in his latest effort ('More Stimulus Would Crush The Recovery',  WSJ, April 15, p. 17)  clearly has no sympathy for the 17-odd million Americans currently without income - other than what the CARES act has provided. And yet this mutt would deny them any more despite that $1200 per person, and extra unemployment cash - will barely last another month - if they are lucky.

What's Gramm's (and co-author's Michael Solon's) answer?   Well, it's to "rely on private capital and initiative and our free enterprise system".   In other words, let the loafers waiting for new handouts get off their butts and figure out - using "initiative" - ways to enhance their cash flow without depending on gov't handouts.  Else, "all this new government borrowing will consume the very oxygen a powerful recovery will need,"

What are Gramm, Jenkins Jr., Solon and the Wall Street Journal editorialists terrified of? Well, a "Depression-esque recovery" demanded by the Democrats in an election year. Which, of course would be horrific given the Democrats "have sought to use the crisis to permanently expand government spending and the role government plays in the aftermath."

Yep, for sure we don't want government providing desperate millions of our fellow citizens a lifeline to survive a few more months - with no money coming in to pay for groceries, utilities, or rent.  The Repuke barbarians would rather let those millions perish in pauperhood than let the federal government extend a helping hand.  The motto of these apes is to "let 'em lift themselves by their own bootstraps or pound sand."

Hence, the Scrooge aspects of so many of the "solutions" proferred, from raiding their own 401ks to get the money they need, to taking out loans and asking for "forbearance", to drawing down on their Social Security early.  What next will these fools offer? Going to blood banks and trying to sell blood to get nutrition for their starving kids? 

Instead, they'd rather keep that $250m now being held up (in the latest CARES bill) to support more tax breaks for hedge fund billionaires and other wealthy pals of Trump and the Repubs.  As noted  last night (All In) the Washington Post reported that 80 percent of the tax changes in the new coronavirus  relief package "overwhelmingly benefit millionaires."    So while a young guy like Ned Standford, featured on ABC news and just laid off, barely has a buck left to get a box of Kraft Macaroni and Cheese, the millionaires that WSJ and Jenkins et al pander to will be sitting pretty.  But this is all the more reason people not allow themselves to be played like pawns by the Wall Street cowboy capitalists.  Will the Tea Party type Trumpsters marching in Lansing and elsewhere get it?  I didn't even bother to ask Janice as I know already what she will say.

Btw, if you're wondering why your "stimulus" check is taking longer to arrive it's because Trump deliberately held them up so his monicker could be imprinted on the checks by the Treasury Dept. (He now denies it, but the delay has already affected the timing.)  So the checks will now take an extra 2-3 days (so we're told) because Trump has to stroke his own ,monstrous ego- even while kids are going without soup and parents without basics like TP.

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Tuesday, April 14, 2020

Even Fox and Friends Has Finally Had Enough Of The Brat- In- Chief - As He Claims Unconstitutional Power Over Governors




"BWAAAHAAAA! I wanna be the ruler of this country!  I want them governors to do what I want! WAAAHHH!"

"This president's inability to transcend himself, to think of anything that isn't immediately about him, makes him un-briefable, makes him  uneducable, and unable to think clearly.  These are all the characteristics that are really crucial in a leader in a crisis. They have to be able to listen.   Anyone who's ever briefed a leader knows there has to come a moment when they remain quiet and listen to you. He never has that moment, only caring about what affects him and how he's perceiving it. And that's what makes him so dangerous right now and what's putting us behind the eight ball in terms of our response to this virus." Tom Nichols, author of 'Trump Is Making Us Worse People', on 'All In' last night

"If Donald Trump did not have the authority to lock down the state or states, he does not have any authority to open them back up."   - Lawrence O'Donnell last night, Last Word

"This is a total reversal of the president's first position. He has total authority to open up the economy?  Then why did he leave it to the states and governors to close it down? He had taken the position it was up to the states to buy medical equipment, etcetera.  It was none of his responsibility but all the states'.  And now all of a sudden he's in charge of the reopening? Doesn't work that way. "   Gov. Andrew Cuomo, this morning  on CBS, answering Gayle King's question about Trump having final say on when to open the economy.

Well, in truth, the denizens at FOX news ought to have seen they were leashed to loser ratbag pretender bratsky long ago. A deranged  dingbat resident whose sole accomplishments in life have been to con and grift others into compliance and financial loss. But hey, we on the left will take redemption by Trump's suckers whenever we can get it,  and so it's nice to see Fox n' Friends finally coming to see the human garbage fouling the White House.  This was especially after the asswipe ridiculed Chris Wallace in a tweet, which provoked the justified anger of Fox n' Friends weekend host Jedediah Bila, who fired back in her own tweet:


 My one complaint is that it's taken so long to see Dotard for the fecal orange fungus he really is.   This presents the larger question of why so much of the nation is still under the spell of this sorry imp who acts half the time like he has a Pangolin's spiked tail up his fat ass.   Why else continually carry on like a dyspeptic brat - who in the latest iteration- actually believes his power extends to ordering state governors around?

In his latest display of 2- year old temper tantrums this pretender bellowed at a briefing:

The president of the United States calls the shots.  They can’t do anything without the approval of the president of the United States.”

Sorry to disabuse you, Trump Turd, but only a dictator gets to "call the shots" - and you aren't that yet, and certainly not if we stop you from grabbing another term.

The ass clown stomped his feet to make his uninformed "point" of Trumpian rule more forcefully, after the governors earlier responded to graffiti he  wrote on Twitter, i.e. that such a decision (to open up)  lies with the president, not the states.  It appears none of his sorry aides told the orange fruitcake that the only way he could make that happen is to: a) declare martial law and b) federalize all state national guards.  At that point, of course, every citizen in all the sane states would rise up in revolution to finally overthrow this scumball and his cabal - now acting as de facto pirates to raid critical medical supplies.  Thereby adding to the woes of our real front line  heroes, as  he adds  to the deaths already caused by his own hubris and failure to act in the current crisis.   As we know from a NY Times report April 6th:


"Two months before the novel coronavirus is thought to have begun its deadly advance in Wuhan, China, the Trump administration ended a $200-million pandemic early-warning program aimed at training scientists in China and other countries to detect and respond to such a threat.  The project, launched by the U.S. Agency for International Development in 2009, identified 1,200 viruses that had the potential to erupt into pandemics, including more than 160 novel coronaviruses. The initiative, called PREDICT, also trained and supported staff in 60 foreign laboratories — including the Wuhan lab that identified SARS-CoV-2, the new coronavirus that causes COVID-19."


In addition, we know  Trump and his gangsters sat on their asses for over two months doing nothing, making light of a deadly disease (calling it a 'hoax') even after being notified by the National Center for Medical Intelligence (a division of the DIA) in January.   So now this rabid baboon wants to lead the effort at re-opening the economy - deciding when every state has to cease restrictions? I don't think so!  He will have to sit in a corner, take an 'x' weeks time out and STFU.


Asked what provisions of the Constitution gave this asswit the power to override the states if they wanted to remain closed, Donnie Dotard sputtered:

 “Numerous provisions!” 

Without naming one. Of course,  because there aren't any normal ones.  


The man brat's daylong assertions of power appeared to have been spawned by the fact he's finally come against a foe - a relentless nonhuman entity  - which can't be bullied, or threatened or bluffed. It is a remorseless virus that wreaks havoc on human lungs, especially of the most vulnerable, but which Janice hopes will finally lay low Trump.  "I know it's probably bad karma", she said after watching his latest histrionics, "but I just want him gone! So let this virus finish him off while he chokes on his own snot!Hey, I can't begrudge her given just about everyone in our immediate circle wants the same. Why? Because he is a pestilence and what better than for a pestilence to take out another pestilence?

On a more realistic and real world level, Trump's latest tirade also had little effect on the governors.   As  Gov. Tom Wolf of Pennsylvania said:

Well, seeing as we had the responsibility for closing the state down.  I think we probably have the primary responsibility for opening it up.”

Having already caused nearly 24,000 deaths of fellow citizens by his delays, inaction, mendacity and snake oil acts, Trump has no right now to try to enter to dictate anything. He does have the right to learn a few things, shut his fat yap, and finally begin to process the magnitude of the common foe we are all up against. 

But don't look for it, because as author and former Republican aide Tom Nichols noted last night on All In, Trump in the end is capable of neither empathy - as for the thousands of people his slackness, indifference and piracy has killed - or remorse for his crimes.


What he was impeached for pales beside his current monstrous transgressions: stealing medical supplies using Jarad K and sending thousands to their deaths while he invoked a "national emergency" but didn't do jack shit.  Now, the bellicose numbskull believes he can - by fiat- reopen states to business without even a plan to massively test to see how many citizens remain infected.   As Chris Hayes observed, the maggot delayed restrictions at the outset causing thousands of needless deaths. And he's now ready to make the converse error by too early lifting  of restrictions imposed by state governors- triggering more thousands of needless deaths.


Nobel winning economist Paul Romer on All In last week posited over 300 million tests needed nationwide before we can even think of returning to business as usual.  This country isn't even doing one hundredth of such tests per week, so how can there be the most remote hint of reopening? Further, the U.S. federal government "has yet to launch a national test and trace strategy to find and isolate virus carriers" (WSJ, today, p. A9), without which it is sheer madness to reopen.  But look, a criminal like Trump doesn't even care, as it's all about him, his re-election etc.

The long and short of it is that Trump is simply aching in his rabid dog, gaslighting brain to kill 20,000 more of us while his Reich lapdogs insist the virus will only take those "on their last legs anyway."  Yeah, let Hannity, William Bennett, Bill O'Reilly, Limburger and all the rest of these roaches get the Covid-19 and "choke on their own snot"- to use Janice's apt parlance!


See also:








  • Trump gets slapped down by constitutional experts after claiming his 'authority is total'
  • And:

    Trump Says He Faces "Biggest Decision" — but the Ones He's Already Made Have Killed Thousands

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    And:




    Excerpt:

    "In the face of President Donald Trump’s truly galling press briefing on Monday, CNN’s Kaitlan Collins finally took a step so many have hoped to see from the White House press corps. She directly confronted Trump with the fact that a claim he made was plainly wrong.

    Trump began claiming Monday morning on Twitter that he had the authority to lift the coronavirus shutdowns in place across the country, despite the fact that the Constitution gives him no such powers...

    When Collins got the chance to speak next, she politely informed him that his claim was flat-out incorrect.

    You said when someone is president of the United States, their authority is total,” she said. “That is not true. Who told you that?”

    Many observers pointed out that, had a Democratic president claimed to have “total authority” — in general, or with regard to telling governors what to do — right-wing media would have been up in arms. But when it’s Trump, conservative media completely swallows his absurd claims whole and without complaint."