Saturday, September 12, 2020

My Kingdom for a Leader

As the economic damage continues to mount the COVID crisis is looking more and more like the Great Recession.   

I find it oddly puzzling that the Trump campaign has made the strategic decision to force-feed the public a daily feast of rioting and lawlessness.  I look around and what I see is that the vast majority of our countrymen do not riot, burn or take the law into their own hands and murder their brethren. My community is at peace and everyone is actually quite friendly.

This shrill pageantry of imagined violence doesn't do anything for me.  How about you?  There is growing evidence that Wisconsinites aren’t falling for it.  A Marquette Law School Poll released Wednesday showed virtually no movement in voter attitudes toward mass protests.  

In my law-abiding world peaceful and civil society continues uninterrupted across virtually all of our great nation. 

I'd be willing to bet that most anyone reading this shares a similar perception of the real world.

We do not scare easily and it is as quiet as a tomb around these parts. 

If I were advising the Trump campaign I would suggest that if they wanted to gain some traction with voters who are not members of his base it would be helpful if they wouldn't insult anyone's intelligence.

And no amount of LOOK! SQUIRREL!! is going to distract the discerning voter from the real shit show - namely the mismanagement of the economy and pandemic - which is the purpose of this post and happens to be the 900 pound gorilla in the room.

Congratulations to the US for the stunning success in the international news cycle. Inasmuch as we lead the world in both total COVID cases and deaths the media has now chosen to ignore our placeholder status to focus on whether India or Brazil captures second place.  

6,500,000+ reported cases of COVID. Almost every day for the past six months more than 20,000 Americans have been diagnosed with the virus.

More than 194,000 people have died of the virus with hundreds upon hundreds of thousands of additional survivors crippled with disabling complications.

The death toll exceeds more than 1,000 of our countrymen each and every day.  

There are some that shrug-off the dead as immaterial.  They'll tell you that more than 6,000 Americans die of all causes every day anyway.  So what if there are a thousand more, give-or-take?

Can you imagine the outcry if more than 1000 people were killed by drunk drivers each and every day?  Or if more than 1000 children were slain in school shootings each and every day?  How about more than 1000 servicemen and women dying each and every day?  If rioting resulted in more than 1000 deaths every day Team Trump would be wetting their pants.

These deaths are not background noise - they are our countrymen.  Pro-life movement?  Crickets.

The job market is in absolute ruin. Initial (new) jobless claims this week came in at a stunning 884,000 (830,000 to 850,000 was forecast). And continuing jobless claims are likely to remain close to 13 million. Total ongoing unemployment claims in all programs remain close to 30 million - or nearly 20 percent of the current civilian labor force.   My own close circle of friends has been touched by this with all of those impacted by the permanent loss of their jobs.

2020 will likely witness more bankruptcies than in anyone’s lifetime. The magnitude of bankruptcies this year has already surpassed that of 2008 and it isn’t just big household names like Chesapeake Energy, Stein Mart, Lord and Taylor, Virgin Atlantic, Briggs and Stratton, JC Penney, Hertz, J.Crew or Neiman Marcus. 55% of businesses shuttered during the worst of the pandemic in March will never reopen. 

The economy so far has replaced less than half of the 22 million jobs lost in March and April.  

And in the midst of this economic carnage the president tells us to be afraid.  

I guess I am supposed to be very afraid. 


Open your eyes to the looming avalanche of bankruptcies, evictions and homelessness.  Lives, fortune and potential lost forever.  That is actually worthy of concern.

Trump broke it. He owns it. 

*Data courtesy of Axios, Fox News, MarketWatch, Bureau of Labor Statistics, American Bankruptcy Institute and the Centers for Disease Control

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