Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Notable Quotes
 
On San Francisco Banning Reusable Shopping Bags to Stem Coronavirus Spread:
 
 

"The city of San Francisco is forbidding shoppers from carrying reusable bags into grocery stores out of fear that they could spread the coronavirus.

As part of its shelter-in-place ordinance, the California city barred stores from 'permitting customers to bring their own bags, mugs, or other reusable items from home.' The city noted that transferring the bags back and forth led to unnecessary contact between employees and shoppers.

This decision leaves shoppers with few options to carry home their goods. The city was the first to ban plastic shopping bags in 2007 to reduce the amount of plastic waste produced by residents."

 
 
— Madison Dibble, Washington Examiner
— Madison Dibble, Washington Examiner
Posted April 03, 2020 • 07:34 am
 
 
On Joe Biden’s Coronavirus Disappearing Act:
 
 

"To characterize Biden's response to the most serious and immediately pressing issue of our time as a series of featherweight banalities would be an insult to the oeuvre of Rupert Holmes.

"Biden has called for - imagine this! - 'a decisive public-health response.'

"Biden proposes to respond decisively with a combination of platitudes ('restoring trust, credibility, and common purpose'), wishful thinking (magicking a vaccine into existence), and memos ('The Biden Plan calls for issuing guidance to states and localities to ensure first responders and public health officials are prioritized to receive protective personal equipment and launching an education campaign to inform the general public about equipment that should be reserved for professionals').

"How serious is Joe Biden about this kind of thing? Consider his earlier campaign promises: 'I promise you, if I'm elected president, you're going to see the single most important thing that changes America: We're gonna cure cancer.' Primitive peoples believed that the touch of a king could cure them of leprosy and other illnesses.

"Perhaps it is the case that Biden, who plagiarized his way through law school at Syracuse, dabbles brilliantly in oncology."

 
 
— Kevin D. Williamson, National Review
— Kevin D. Williamson, National Review
Posted April 02, 2020 • 08:00 am
 
 
On FBI Problems With FISA Warrants:
 
 

"The Justice Department's chief watchdog issued an extraordinary warning Tuesday that the FBI is failing to follow its own rules when pursuing surveillance warrants in sensitive intelligence and terrorism cases, confirming that problems first exposed in the Russia collusion probe extend to other cases.

"DOJ Inspector General Michael Horowitz wrote FBI Director Chris Wray in a management alert memo that a review of more than two dozen Foreign Intelligence Surveillance Act warrant cases found agents were not complying with the so-called Woods Procedures designed to protect American civil liberties during such probes.

"Among the problems cited was a failure by agents to substantiate allegations submitted to courts, similar to the missteps the FBI made in failing to ensure allegations in the Steele dossier back in 2016 were verified before securing a FISA warrant targeting the Trump campaign and former adviser Carter Page.

"'As a result of our audit work to date and as described below, we do not have confidence that the FBI has executed its Woods Procedures in compliance with FBI policy,' Horowitz wrote."

Read entire article here.

 
 
— John Solomon, Just the News Editor in Chief
— John Solomon, Just the News Editor in Chief
Posted April 01, 2020 • 07:49 am
 
 
On China's Culpability in the COVID-19 Outbreak:
 
 

"The Chinese Communist Party (CCP) is waging a ferocious, global propaganda campaign designed to deflect blame for the origin and spread of the COVID-19 outbreak from Wuhan, China. Moreover, Beijing is trying to take advantage of the pandemic to increase its global standing and influence. ...

"If Beijing escapes blame for its failure to curb the coronavirus pandemic, its lies, and its attempts to cover up the pathogen's seriousness -- or, worse yet, if it actually earns global plaudits for its actions -- then no country will feel the need to be honest with the world when another epidemic breaks out, and the same deadly fiasco will repeat itself. Meanwhile, an emboldened CCP will grow only more aggressive and repressive, having learned that it can fool and bully the world into submission. Quite simply, if nation states do not understand that there will be repercussions for such malfeasance, then our globalized world will suffer more coronavirus-style pandemics in the future.

"Beijing freely chose to deny the truth of COVID-19, and its governing malpractice and incompetence helped unleashed a pandemic on the world. For the sake of morality, political governance, and the future, the world must speak truth to power, remember the facts, and condemn the CCP's actions."

 
 
— Michael Auslin, Hoover Institution Payson J. Treat Distinguished Research Fellow and Foreign Policy Research Institute Senior Fellow
— Michael Auslin, Hoover Institution Payson J. Treat Distinguished Research Fellow and Foreign Policy Research Institute Senior Fellow
Posted March 31, 2020 • 07:43 am
 
 
On the Strength of Federalism in Fighting Coronavirus:
 
 

"New York Governor Andrew Cuomo called on the federal government to take control of the medical supply market. Illinois Governor J.B. Pritzker demanded that President Trump take charge and said 'precious months' were wasted waiting for federal action. Some critics are even more direct in demanding a federal takeover, including a national quarantine.

"It is the legal version of panic shopping. Many seem to long for federal takeovers, if not martial law. Yet like all panic shopping, they are buying into far more than they need while not doing as much as they could with what they have. For decades, governors tried to retain principal authority over public emergencies, but they did very little with those powers. While many are doing impressive work now, some governors seem as eager to contain the blame as the coronavirus. Call it political distancing.

"Even if Trump nationalized the crisis by deploying troops, imposing price controls, and forcing production of ventilators, the Constitution has left most police authority and public health safety to the states in our system of federalism. The Framers believed liberties and powers were safest when held closest to citizens in local and state governments. Elected officials at the local and state levels are more readily held accountable than unknown Washington bureaucrats. Of course, with authority comes responsibility, and the latter notion is not always as welcomed as the former.

"Despite all the hyperbole of the last few days, the federal authority of the president to act is much more limited than many appear to believe. Trump cannot, and should not, simply take over the crisis. While he may want to 'open for business' by Easter, he has no clear authority to lift state orders for citizens to stay at home. His greatest authority is supplying assistance in the production and delivery of necessary resources such as ventilators. While he can put conditions on some assistance, he cannot commandeer the authority of governors in their responses to the pandemic. ...

"Our leaders need to play to their strengths to fight the current war. The coronavirus battle must be won in months and not years. The only way to do this is to use existing structures and markets. Vastly different situations are presented in each state, some with relatively small numbers of cases while others like New York face a full fledged pandemic. Indeed, this is precisely where federalism is a strength rather than a weakness.

"Unlike highly centralized European countries, our leaders have the ability to make far more tailored responses on a state by state basis. Each state can tailor its response to its individual threats or needs, and look to the federal government for badly needed resources. When the coronavirus shifts, the federal government will have these fully functioning systems with people who are intimately familiar with the local terrain. Simply put, our balanced form of federalism was made for this pandemic."

Read entire article here.

 
 
— Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
— Jonathan Turley, George Washington University Shapiro Professor of Public Interest Law
Posted March 30, 2020 • 07:09 am
 
 
On Media Trying to Foment Friction Using Coronavirus:
 
 

"As if the world isn't crazy enough, some extremists want more crazy -- namely a falling out between President Trump and Dr. Anthony Fauci.

"The director of the National Institute of Allergy and Infectious Diseases, Fauci is the country's No. 1 immunologist and has advised six presidents in times of trouble.

"So the anti-Trump obsessives are all but praying for the president to can him, and so justify their contempt for the chief executive. Meanwhile, the 'we hate this quarantine' crew imagines life can go back to normal if the science dude just shuts up.

"Fauci sees no split: 'Even though we disagree on some things, [Trump] listens,' he told Science magazine. 'He goes his own way. He has his own style. But on substantive issues, he does listen to what I say.'

"On Tuesday, he said he wishes media bids to sow division 'would stop, because we have a much bigger problem here' Amen."

 
 
— New York Post Editorial Board
— New York Post Editorial Board
Posted March 27, 2020 • 07:28 am
 
 
On the Need to Unite on the Coronavirus Aid Bill:
 
 

"Someone who is 'Machiavellian' today is thought to be sneaky, cunning and lacking a moral code. So, meet the Democrats in the House of Representatives who'd probably make Machiavelli their leader if he were still around. ...

"Of course, what the House really wants in the bailout bill is a provision that Donald Trump won't be President for another four years. But Pelosi can't have that because -- well -- we live in a democracy where that decision is left to the voters.

"The U.S. economy is in trouble. The Federal Reserve has done what it can and it's not enough.

"Now it's up to the elected officials to step in. The Senate has done its job, although it could have moved faster. The White House stands ready to do what it has to do.

"It'll be seen on Thursday whether the House is still diddling around and whether Pelosi can place the needs of the country ahead of 15th century thinking about putting one over on the other political party. Dragging their feet would be political suicide for the Democrats, but people often do stupid things without thinking that they later regret.

"So, let John Crudele be quoted forever as saying this to the Democrats: 'Don't miss this opportunity to fix things because you want to create a bigger crisis. Get off your butts and, at least for once, do the right thing.'"

 
 
— John Crudele, New York Post
— John Crudele, New York Post
Posted March 26, 2020 • 07:37 am
 
 
On What Americans Can Learn From WWII Sacrifice During Coronavirus Pandemic:
 
 

"Sacrifice? commitment?

"Americans of the 21st century have no idea of the sacrices made during World War II. Today's Americans think sacrifice is when Starbucks runs out of cinnamon for their latte mochas.

"No doubt the coronavirus is real and scary. And there is talk in the air of World War II-style commitment, but staying home and binge-watching 'The Simpsons' is not quite the sacrice that their parents and grandparents made some 80 years ago. A lot more was involved.

"After Dec. 7, 1941, America went on a full war footing and not just the government. 'Don't you know there's a war on?' was a common exhortation to remind people about going without in that time of national crisis.

"Americans went without gas and oil, or had it rationed. Milk was rationed. Meat was rationed. Sugar was rationed. Coffee was rationed. In fact, nearly all foodstuffs were rationed. So was clothing, including diapers.

"So were lightbulbs. So was practically everything else. Civilians were kicked off trains and planes to make way for American servicemen. No one complained.

"Meanwhile, Americans collected rubber, aluminum, paper, cooking grease and old stockings and they did so joyously too, for the war effort. Wine and beer were rationed, too, as was hard liquor. Wages were frozen for the most part and unions could not go on strike. With one corporation, President Roosevelt's men did not like the CEO, so they promptly had him removed from the management of his own company.

"Nobody raised an eyebrow. ...

"America truly was united in World War II because we had a common enemy and a common goal, but we were an uncommon country inhabited by uncommon people."

Read entire article here.

 
 
— Craig Shirley, Presidential Historian and Reagan Biographer
— Craig Shirley, Presidential Historian and Reagan Biographer
Posted March 25, 2020 • 07:40 am
 
 
On Coronavirus Aid Package Progress:
 
 

"Senate Minority Leader Chuck Schumer and Treasury Secretary Steven Mnuchin are close to reaching a deal on a $2 trillion coronavirus aid package, both said.

"'We look forward to having a deal tomorrow,' Mnuchin told reporters outside Schumer's (D-NY) office late Monday night.

"'That's the expectation -- that we finish it tomorrow and hopefully vote on it tomorrow evening,' Schumer added.

"Mnuchin and Schumer said they spoke by phone with President Trump throughout the night of negotiations and that they had resolved most issues in the legislation."

 
 
— Emily Jacobs, New York Post
— Emily Jacobs, New York Post
Posted March 24, 2020 • 07:29 am
 
 
On Stalled Senate Economic Relief Package:
 
 

"Senate Democrats Sunday blocked a critical economic relief package worth more than $2 trillion, stalling plans to pass the bill by Monday and send it to the House.

"Lawmakers and the Trump administration hoped to send a positive message to unstable stock markets and to those worried about the damage to the economy and the job losses caused by the spread of the virus.

"The measure includes sending direct cash payments that would average about $3,000 per family and expanding unemployment insurance, as well as $350 billion in aid to struggling small businesses. It also provides $500 billion in loans to industries hurt by the economic slowdown. ...

"McConnell, visibly angry on the Senate floor, entered a motion to reconsider the measure and said he'd bring it up again for a vote by Monday.

"'We'll have this...vote again at some point of my choosing and hopefully some adults will show up on the other side of the room and understand the gravity of the situation and the need to act before the markets go down further and the American people become even more depressed about our lack of ability to come together under the most extraordinary of circumstances,' he said.

"The Senate bill is the product of a day of bipartisan talks and includes many of the provisions sought by Democrats."

Read entire article here.

 
 
— Susan Ferrechio, Washington Examiner Chief Congressional Correspondent
— Susan Ferrechio, Washington Examiner Chief Congressional Correspondent
Posted March 23, 2020 • 07:31 am
 
Question of the Week   
Which one of the following pandemics caused the largest number of deaths in the 20th Century alone?
More Questions
Quote of the Day   
 
"The city of San Francisco is forbidding shoppers from carrying reusable bags into grocery stores out of fear that they could spread the coronavirus.As part of its shelter-in-place ordinance, the California city barred stores from 'permitting customers to bring their own bags, mugs, or other reusable items from home.' The city noted that transferring the bags back and forth led to unnecessary contact…[more]
 
 
—Madison Dibble, Washington Examiner
— Madison Dibble, Washington Examiner
 
Liberty Poll   

Have you or a member of your family contracted coronavirus or are having undiagnosed coronavirus symptoms?