Corona and the Politics of Financial Hypocrisy

David Stockman gets quite long-winded at times, but his thoughtful and provocative analysis is usually worth the time it takes to read. See, for example, this article which just appeared in Lew Rockwell, concerning the fact that Republicans are just as eager and willing as Democrats to spend mind-blowing, insane amounts of money to bail out the country due to the general lock-down caused by the panic and hysteria over the corona virus. Stockman doesn’t pull any punches and is not afraid to name names.

“…you can kick any so-called conservative Republican on Capitol Hill and you will get the same brain-dead eruption of fiscal incontinence, such as this budget buster from one of the recently minted Republican Senators from Missouri:

The circumstances are just overtaking us here in terms of the depth and scope of the economic fallout of this public health crisis,” said Sen. Josh Hawley (R., Mo.), who has been pushing a plan to restore workers’ paychecks by having the government cover 80% of employers’ payroll costs, up to the national median wage, at all firms affected by the crisis, and provide incentives for rehiring workers laid off last month.

Is he kidding?”

A person could be forgiven for believing that measures like this are necessary, prudent, and wise in dealing with the fallout, especially if he listens non-stop to the hysterical nonsense spouted 24/7 by the media, the politicians, and the “official” bureaucrats who have been tasked with keeping the country safe.

Yet, when it comes right down to brass tacks, the figures don’t add up and show a completely different situation. Again, from Stockman, emphasis in the original.

““…here are Missouri’s corona-facts as of April 8. The state has had 3,327 positive cases and 58 deaths to date, which amount to 54 cases per 100,000 and 0.94 deaths per 100,000.

Yet this compares to annual death rates in Missouri of:

  • All causes: 1,008 per 100,000;
  • Heart diseases: 241 per 100,000;
  • Lung cancer and other lung diseases: 124 per 100,000;
  • Diabetes: 26 per 100,000;
  • Pneumonia & influenza: 20 per 100,000; and
  • Suicides: 19 per 100,000

No matter how you slice it, Missouri is not the subject of a deathly pandemic in any way, shape or form. Yet this pathetic rookie GOP Senator [Josh Hawley] can think of nothing better to do than to thrust his snout deep into the Bailout Trough along with all the rest of the Dem pols and Republican lifers in the Imperial City.”

Let’s face it, folks, this corona episode has never been anything except to mask the ongoing financial and political destruction of America and the world. Money, in other words, vast amounts of money. The bubbles blown by the Federal Reserve to placate and finance Wall Street, major banks, and huge multi-national corporations, have been getting larger and larger, resulting in more and more distress and hardship on Main Street. The latest, called the “everything” bubble, has simply been popped and the debris is now raining down on the economy at large. Covid-19 is not the cause, it was the pin that pricked the bubble.

We need to be honest and thinking clearly about this. Our (so-called) leaders, such as Josh Hawley, R-MO, are doing nothing more than the bidding of the people who really control the purse strings of finance. In this respect, Republicans are no better than Democrats. Republicans are simply more hypocritical about it.

There was absolutely no good reason for shutting the country down. There is, however, a very good reason for rooting out the men and women who have allowed it to happen. This, too, will happen… eventually, and some of us will live long enough to see it come about.

Have faith, my friends, and live well!

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