TEA PARTY
So, as the state of California grapples with an escalating COVID-19 infection rate, it – like several other Blue states – has effectively shut itself down. Outside of big chains and big-box retailers, few businesses are open... The small business owner, the lifeblood of our American economy, has been devastated. And for what? As we began the month, California reported a record number of COVID-19 deaths in a single day. There were 53,341 cases in a single day, and a record-breaking 386 deaths. More than 20,000 remain hospitalized, and 4,525 were in the ICU.
Money-Printing Extravaganza A trillion here... a trillion there. It adds up fast. After a while, we’re starting to talk real money! I mean, remember that $800 billion “stimulus to nowhere?” That was considered a lot of money during the Obama years, so why is no one batting an eye at today’s multiTRILLION-dollar deals? Outside of Senator Rand Paul, few in Congress are calling this out. In fact, there seems to be no effort to stop the spigot of endless money printing. And the real question is... Do we really need it? I’d say no. Can we pay for it? Certainly not. Yet, these realities are not stopping lawmakers from salivating at the chance to print more money and fund their pet projects backed by the same lobbyists that help them get elected. The long-term consequences of this charade will be significant... catastrophic even. There’s a push in Washington, D.C. to print money right now... whether it be the $2,000 checks popularized by President Donald Trump and Bernie Sanders, or the doves at the Federal Reserve aiming to pump more liquidity and money into our system. Why this frantic creation of bills from thin air? Because our leaders believe more lockdowns are inevitable.
A trillion dollars here... a trillion dollars there. It adds up fast.
It’s tragic... It’s also perplexing given the strict measures the state, led by Governor Gavin Newsom, put in. Those in favor of opening our economy suggest this proves lockdowns ultimately do not work. The reality is that California, despite its draconian policies and forced closures, has the second-highest rate of coronavirus infection in the country. Critics of the lockdown policies argue this is because people are forced into riskier scenarios in their own homes. Instead of going out to eat in a socially distanced restaurant for 60 to 90 minutes, Californians are gathering in their homes with multiple parties and spending much more time together than they would in an outside establishment. This in turn exposes them in a
American Consequences
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