Observations of the Day

First observation of the day, Kudlow discussed Janet Yellen global tax proposal, “Finally, there is what the Journal calls Janet Yellen’s “Global Tax Surrender.” This is not only about giving away our tax sovereignty. It’s also about jacking up our taxes on top of what Uncle Joe already wants to do, and it’s not only about a new global minimum tax…It may also be about a new windfall profits tax. That’s according to Dan Clifton of Strategas Research. As the G-7 finance ministers merrily build a new high-tax highway, rest assured that Communist China will not be part of the higher taxes. Why? One reason is they’re too smart…As for us, in some sense Ms. Yellen seems to be trying to make up for lost competitiveness that she will incur from raising the corporate tax to 28% and putting a 21% minimum tax on United States profits overseas. She’s succeeding in getting the other big countries to raise their taxes, too, though at the end, we may be taken to the cleaners because foreigners won’t do what we want them to do.” This is part of the big reset of “Capitalism.” It will prove to a failure as we exporting our bad economic policy worldwide.

Second observation of the day when John Phelan noted that one thing that could help minority businesses is to protect those businesses with good policing. He observed how many of those who rioted in Minneapolis and destroyed many black businesses were white and he mocked, “They did in the name of social justice and against racism” as they destroyed many black businesses.

Economics

Larry Kudlow makes a interesting point that the V shape recovery, uneven as it is, continues as unemployment dropped to 5.8. As I mention before, our employment should be lower, between 4 to 4.8 percent and this higher unemployment is due to many states slow in reducing or lifting their economic restrictions.

If Biden did nothing and no additional stimulus passed, we would be pushing even faster economic growth. Kudlow has made the point that this recession was the reaction to a natural disaster nationwide, the pandemic. The economy was in good shape in February 2020 and the economic restrictions enacted along with the lockdown stopped economic growth abruptly. Unemployment was 14.4 percent but many states opened up and the unemployment dropped to 6.7 by the end of year and the last six months saw the annualized rate of nearly 19%.

It could have been been even higher if other states followed through with opening their economy and if many states chose to open their economy. Blue states were out performed by states with Republican governors and their policies slowed the recovery.

Kudlow warns, “If Uncle Joe’s policies — I’m calling them his plan for a Green Workers’ Paradise — get through, then the outlook is going to turn poor: stagnation, growth recession with big inflation. If his pre-Soviet, Bulgarian approach is enacted into law, we will devalue the dollar and choke off the supply-side of the economy.”

On the Donelson Files, Center for American experiment economist John Phelan feared that Demand side of Biden policy could choke off the recovery and we can see 10 percent inflation by year end. Phelan joined follow researcher Martha Njolomole and Jim Echols discuss the economic development and how to move forward. Among the agreements was that we need less regulations in urban center and remove obstacles for lower income workers to make a living or start new businesses, reducing taxes and restraining spending. Echols noted that there are educational programs being developed in the Kansas City area to educate minorities about capitalism and all three noted how much of the media were not well informed on economy as recent new stories showed.

Kudlow is an optimist since he believes that much of Biden agenda moving forward will not be passed as he stated, “Wait a second, though — are those policies going to get through? That’s what Gerry Baker and Kim Strassel are asking, and a couple of weeks ago, when the Senate parliamentarian allowed only one 51-vote reconciliation package, I myself started getting interested in the possibility that these far-left policies just might not make it across the finish line and that the forces of growth and good and prosperity would eventually prevail.,,The congressional Republican Party is completely united against the high-tax Green Workers Paradise.”

China lab matters

The revelation that Dr. Fauci was warned about the possibility of a Chinese lab accident causing the release of the Wuhan Virus is bad enough but the efforts to undermine any serious investigation is even worse.

This reflects on something possibility deeper, the foreign policy, scientific class and political class refusal to confront China. Pointing out China responsibility was declared racist but now it is time to accept the reality, China is responsible. It is not racist to point out who started this pandemic, it is truth.

Lessons From the pandemic

2017 Covers.pdf (amermaj.org)

Data-Efficacy.pdf (amermaj.org)

An-Ignored-Cost.pdf (amermaj.org)

We reviewed from different angles the failure of the lockdown. As the data shows that non-lockdown states and red states outperformed lockdown states and blues states.

  1. We found that there were no significant differences in death between non-lockdown and red states versus lockdown and blue states.
  2. That minorities were more likely to die from Corona virus in lockdown and blue states.
  3. As mention, economic growth and job growth were superior in Red and non-lockdown states.
  4. That other data referenced in our study, that more people have or will die from the lockdown than saved from the virus.
  5. We saw these trends from our data and others from the past year.
  6. Lockdowns were a failure.

Today Media failure

Much of the media for the past five years complained when they were designated the enemies of the people but would they have behaved differently if they were indeed the enemy of the people and in the pocket of foreign powers?

How Fact-Checkers ‘Deceived The Public’ About Possible Virus Outbreak From Wuhan Lab | The Daily Caller

The media reporting on the Trump administration and the Corona virus were often filled with falsehoods or totally inaccuracy. When many of us stated the possibility that the virus was a human created and escaped from the lab, we were deemed conspiracy theorist as they accepted without questions that China version.

Now they are conceding that virus may have been human created after denying this for 15 months. This was just one of many media failures. They lied, people died and America ended up with severe economic lockdown that fail to save lives.

Repeat China National Socialism

In the 1990’s, a good friend told me a few years after the collapse of Soviet Empire that he was surprised how communism ended up as National socialism.  National Socialism will not run by small little dudes with funny looking mustaches yelling “Sieg Heil” but leaders in finely tailored suits and look more like a Wall Street banker than a nasty dictator.  This is the face of the new Hitler, President Xi.

China has concentration camps that holds millions, they use social media to control the population and President Xi is the George Orwellian 1984 Big Brother.  No freedom, and while China Communist Party allows profits to be made but the state controls all and companies may make money, but they serve the state. It is state corporatism and China view itself as the new center of the universe, with all nations bow to Beijing.  While I don’t view China’s National socialism means conquest of nations, it does mean that their ideology reign supreme but there is one exception to conquest: Hong Kong and Taiwan which would bring “All of China” under Beijing. 

I have asked the question, what will a world be like if China was the most powerful country in the world?  It would be a poorer world, less free and we will see other nations or group of nations copy Chinese National socialist movement.  We see many of own elites who for years admire China, just listen to Mike Bloomberg own view of China in the primary. Mike Bloomberg has stated that “Well, it’s a question of what is a dictator. They don’t have a democracy in the sense that they have general elections. That is true. They do have a system where a small group of people appoint the head. And they churn over periodically. If you go back and look at the last two or three decades, there have been a number of people that have had the same position that Xi Jinping has.”

China is the modern version of National Socialism, and now this is that moment to ask will we allow China to become the number one power?  If China is number one power, only means the United States will decline in both economic power and freedom we take for granted will slowly disappear.

Notes Today

What if we are overestimating Covid death, counting deaths of patients with Covid as oppose to because? Colorado has two sets of numbers which ranges from 10 to 20 percent difference in cases they view as because of Covid vs those with Covid (example, a person dies in car accident while having covid is counted as Covid death.)

Florida and Minnesota are saying this number is 40%, others have told me could be half the number.  This means we are overestimating Covid death by nearly 50,000 to 240,000 deaths. (Note we are still talking between 270,000 to 410,000 deaths.)

Cases are underestimated.  We may be underestimating actual cases by a factor of 6 to 13 which means at least 160,000,000 Americans may have been exposed.  The good news is that most people are not sick enough to see a doctor and at least 1/3rds of cases are asymptomatic and at least 90 percent may be mild if not more. Not as lethal as assumed.

IFR is close .2 and this data is based on 80 plus studies worldwide including data provided by WHO and CDC.  That means 2/1000 have died. Compared to an average of 1/1000 with the flu but we have had Flu pandemic as lethal or close to as lethal as in 1957, 1968 and 2018. 

Lockdowns by government have destroyed more communities and will end up killing more than saving.  At least 1,000,000 people will die prematurely due to lockdowns.  More than double of what the virus would have killed.

Red States have outperformed Blue States economically, this is no debate as any data  from BLS would show.  Red State 5% unemployment vs  Blue States 6.8% unemployment and bigger red states outperformed bigger blue states.

Nine of Top ten states with lowest unemployment were Red States and the top ten states with least loss of unemployment were Red States. 

Overall, Red States had less deaths from the virus vs. Blue States, whether you measure in totality, on a per state basis and per capita basis.  So less deaths and better economic performance.  Red States win.

All data listed here come from real Science research, government data, economic data and my own research aided by a top research team. I do not do conspiracy theories or manipulated data like my opponents.  My data is solid and superior to what you read in mainstream media.

stats: Covid death Red vs Blue states

Total deaths eight populous states and note more deaths in Blue state

Total death of Red vs Blue states

Death per state and note Red states less death.

more death per capita in blue states

less death, less unemployment less need for unemployment
death from thanksgiving
weekly death from thanksgiving and note more from blue states

China National Socialism

In the 1990’s, a good friend told me a few years after the collapse of Soviet Empire that he was surprised how communism ended up as National socialism.  National Socialism will not run by small little dudes with funny looking mustaches yelling “Sieg Heil” but leaders in finely tailored suits and look more like a Wall Street banker than a nasty dictator.  This is the face of the new Hitler, President Xi.

China has concentration camps that holds millions, they use social media to control the population and President Xi is the George Orwellian 1984 Big Brother.  No freedom, and while China Communist Party allows profits to be made but the state controls all and companies may make money, but they serve the state. It is state corporatism and China view itself as the new center of the universe, with all nations bow to Beijing.  While I don’t view China’s National socialism means conquest of nations, it does mean that their ideology reign supreme but there is one exception to conquest: Hong Kong and Taiwan which would bring “All of China” under Beijing. 

I have asked the question, what will a world be like if China was the most powerful country in the world?  It would be a poorer world, less free and we will see other nations or group of nations copy Chinese National socialist movement.  We see many of own elites who for years admire China, just listen to Mike Bloomberg own view of China in the primary. Mike Bloomberg has stated that “Well, it’s a question of what is a dictator. They don’t have a democracy in the sense that they have general elections. That is true. They do have a system where a small group of people appoint the head. And they churn over periodically. If you go back and look at the last two or three decades, there have been a number of people that have had the same position that Xi Jinping has.”

China is the modern version of National Socialism, and now this is that moment to ask will we allow China to become the number one power?  If China is number one power, only means the United States will decline in both economic power and freedom we take for granted will slowly disappear.