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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Terror and Honesty Print
By Troy Senik
Thursday, January 14 2010
America’s two post-9/11 commanders-in-chief are emblematic of a tendency to lie to ourselves when it makes the world seem like a more hospitable place. This trend has been alive and well in the aftermath of the foiled Christmas bombing.

From the second that Secretary of Homeland Security Janet Napolitano assured Americans that “the system worked” in the aftermath of Umar Farouk Abdulmutallab’s attempt to take down a Northwest Airlines flight on Christmas Day, it was obvious that the national debate over terrorism was slipping down the rabbit hole to a world of talking points and wishful thinking. 
Not much better was President Obama’s entirely unsubstantiated declaration a few days later that Adulmutallab was “an isolated extremist.” Combined with his statement in the aftermath of the Fort Hood shooting – when the President said “I would caution against jumping to conclusions until we have all the facts” – a bizarre picture of Obama’s temperament emerged.  The man who openly questioned the intelligence of Cambridge, Massachusetts police officers he knew virtually nothing about didn’t want to prejudge mass murderers and their would-be imitators?
For many on the right, this has been taken as proof that Obama is naïve. Perhaps, but unlikely. Naiveté generally owes to a lack of experience or knowledge.  That’s not Obama’s problem.  His deficiency is an impulse to react to even the most sickening acts of terrorism with lawyerly timidity.   It’s an attempt to defang cognitive dissonance, to create a rational structure for the irrational. “Surely,” one can almost hear Obama thinking, “there must be more to the story than this.”
To be fair to our 44th President, he’s not exactly breaking new ground.  President Bush was known to sneak in a rhetorical placebo from time to time in discussing terrorism as well. Bush was favorably inclined towards multicultural happy talk about how Islam is a “religion of peace” being perverted by radicals – which may be the case in a metaphysical sense, but has no bearing on everyday life, where Islam is functionally defined as any particular believer wants to define it. Nor were Bush’s appeals to the lack of hope in corners of the Arab world particularly perceptive.  With many terrorists nourished by wealthy families and educated at western universities, the silver bullet for Islamic extremism is unlikely to be an international social welfare program.   
Nearly a decade on, America’s two post-9/11 commanders-in-chief are emblematic of a tendency to lie to ourselves when it makes the world seem like a more hospitable place.  This trend has been alive and well in the aftermath of the foiled Christmas bombing.
First, there was the homeland security establishment’s assurances that the lessons learned from the most recent terror attempt – from the insufficiency of the terror watch list to the lack of intelligence coordination – would be immediately applied to keeping Americans safer.  What we saw instead was the same reactive kabuki that occurs in the wake of every near-miss attack. There were discussions about full-body scanners, preventing passengers from getting up during the last hour of a flight, and even forcing travelers to sit through an entire airplane trip without so much as being able to access a book. 
This sort of bureaucratic paper shuffling does nothing but inconvenience Americans while remaining entirely irrelevant to nabbing terrorists. If we were honest about the threat, we would engage in aggressive behavioral profiling at airports (as the Israelis do).  But we’re not, so we force everyone to take their shoes off at security and we make a show out of special screening for senior citizens, just to prove that the TSA treats everyone equally. All well and good, except for the fact that equality has no place in preventative security.  Taking the time to examine people who are obviously not threats gives a politically correct public relations campaign precedent over the responsibility for keeping Americans safe.
Another deception that has gained momentum is the notion that the real problem isn’t terrorism, but our reaction to it.  Some have cited Ohio State political scientist John Mueller’s estimate that “The likelihood that a person living outside a war zone will perish at the hands of an international terrorist over an eighty-year period is about one in 80,000.”  While a comforting statistic in some respects, this should be kept in context.   Those odds can only stay that low as long as potential terrorist attacks are thwarted.  And regardless of frequency, preventing the murder of innocents always ranks as a policy priority.
In a similar vein, Newsweek’s Fareed Zakaria recently wrote, “The purpose of terrorism is to provoke an overreaction. Its real aim is not to kill the hundreds of people directly targeted but to sow fear in the rest of the population. Terrorism is an unusual military tactic in that it depends on the response of the onlookers. If we are not terrorized, then the attack didn't work.”
This is the sort of faux-sophistication that will get you a perch at a national newsmagazine.  Despite Dr. Zakaria’s protestations, it’s doubtful that most Americans will ever attain the kind of zen that doesn’t blink at the idea of seeing an airliner blown out of the sky. The fear is a second-order effect. The real problem is when terrorists can get to the point of being able to induce the fear.
Finally, there’s the shopworn notion that the U.S. is only making the terrorist problem worse through our actions.  This was the rationale behind President Obama’s recent declaration that “… We will close Guantanamo prison, which has damaged our national security interests and become a tremendous recruiting tool for al-Qaeda."
Does Guantanamo contribute to Al Qaeda’s rage? Probably. But why? It’s certainly not because we haven’t lived up to their ideals of civil libertarianism. Rather, it’s because we have shown the will to fight back – and made their lives uncomfortable in the process. By the same token, the wars in Afghanistan and Iraq, the predator drone strikes in Pakistan and the various operations taken against Al Qaeda throughout the world could all plausibly be cited as recruiting tools.  Generally speaking, an enemy is not supposed to like how they are treated in wartime – and they tend to get angry as a result.  But you don’t win wars by accommodating the psychological needs of your opposition.  You win them by making the cost of opposition prohibitive to the point of futility.   It’s unclear whether America can get to that place.  To even try, we’d have to start by being honest with ourselves.

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?