Cannot be
disputed by anyone with any common sense
(But GOP sticks
by him 100%)
The story today
(March 23, 2020) is from Reuters
that again shows Trump going off the rails during another of his infamous insane
CoVID-10 task force briefings:
Trump now is
considering measures to reopen the U.S. economy, even as the highly contagious
coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related
deaths.
Kudlow told Fox News: “The
president is right. The cure can't be worse than the disease. We're going to
have to make some difficult trade-offs, and we will look at a number of things.”
From Trump:
Trump tweeted (as usual): “We
cannot let the cure be worse than the problem itself," adding that at the
end of the 15-day shutdown period, "we will make a decision as to which
way we want to go.”
Facts contradict Trump’s braindead
sycophants like Kudlow:
Cases of
coronavirus have grown more than 15 times since last week's guidelines.
NYC hospitals
are days from a crisis, and NYC Mayor Bill
de Blasio said on Sunday (March 22): “If
we don’t get more ventilators in the next 10 days, people will die who don’t
have to die.”
Republican
Sen. Lindsey Graham (R-SC) a staunch Trump confidant cautioned against
prematurely lifting containment rules because of concerns about the economy,
telling reporters: “My advice would be to
follow medical advice to contain the virus. If we can take some pressure off
the economy fine, but my primary focus is to make sure the virus is contained
and defeated. And we're just going to have to suffer through the economic
consequences.”
FYI: Deep background on Trump’s economic
advisor, Larry Kudlow.
Kudlow has no formal economics qualifications, but he was fired from Bear
Stearns in the mid-1990s due to his cocaine and alcohol abuse.
Kudlow can’t ever seem to get
anything right: In April 2018, he stated: “The trouble I had with the Obama
stimulus program was it was all spending.”
Historical Fact: About 35% of the stimulus was tax
relief, included a $116 billion income tax cut.
On June 29,
2018, just Trump celebrated the six-month anniversary of the 2017 tax cut on,
Kudlow asserted that it was generating growth saying: “That it's throwing off enormous amounts of new tax revenues, and the
deficit, which was one of the other criticisms, is coming down – and it's
coming down rapidly.”
Another Historical Fact:
Both assertions are totally incorrect on two counts:
Since the all-GOP 2017 tax cut was enacted, federal
tax receipts increased 1.9% on a year-on-year basis, while they increased 4.0%
during the comparable period in 2017.
By the same method, the federal budget deficit
increased 37.8% while it increased 16.4% during the comparable period in 2017.
Then, in November 2018, eleven months
after the 2017 all-GOP tax cut, Kudlow stated: “The
tax cut has paid for itself already barely through the first calendar year.”
Yet, Another Historical
Fact: Data released
weeks later showed that the Federal revenue had declined and the deficit had
increased during calendar 2018.
On February 25, 2020, just as the coronavirus
outbreak was emerging as a global pandemic, Kudlow stated: “We
have contained this, I won’t say airtight but pretty close to airtight.”
Note: That same day, the CDC announced
the virus would almost certainly spread in America – and of course it has and
badly.
Kudlow is a self-described
supply-sider who loves tax cuts and deregulation and is diehard quintessential
member of the GOP business wing and it shows in his every stupid misguided
statement.
Finally,
this related story from
The Daily Beast (sorry, inserted late).
My 2 cents: Remember, Trump told us, while
bragging of course, that he only hires the very best people to serve the
public.
Sadly, his method for identifying the “best” falls
miles short of reality and he continues to prove with every person that
surrounds him.
And, that list is very long and quite awful too boot.
Thanks for stopping by.
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