Pondering the Pundits

Pondering the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news media and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Pondering the Pundits”.

Follow us on Twitter @StarsHollowGzt

Paul Krugman: It’s a MAGA Microbe Meltdown

Trump utterly fails to rise to his first real crisis.   

For three years Donald Trump led a charmed life. He faced only one major crisis that he didn’t generate himself — Hurricane Maria — and although his botched response contributed to a tragedy that killed thousands of U.S. citizens, the deaths took place off camera, allowing him to deny that anything bad had happened.

Now, however, we face a much bigger crisis with the coronavirus. And Trump’s response has been worse than even his harshest critics could have imagined. He has treated a dire threat as a public relations problem, combining denial with frantic blame-shifting.

His administration has failed to deliver the most basic prerequisite of pandemic response, widespread testing to track the disease’s spread. He has failed to implement recommendations of public health experts, instead imposing pointless travel bans on foreigners when all indications are that the disease is already well established in the United States.

And his response to the economic fallout has veered between complacency and hysteria, with a strong admixture of cronyism.

Jennifer Senior: We Need to Flatten the Curve. Trump and Fox Are Behind It.

Your ball, Donald and Rupert.

Donald Trump’s speech from the Oval Office Wednesday night was horrifying for many reasons: It seemed barely thought through, containing three misstatements that had to be clarified (two about international trade, sowing more confusion in an already volatile market); he spoke without humanity, when humanity is precisely what this first-order crisis requires (peel off his back, and I’m convinced all we’ll see are coils and springs); he blew a racist dog whistle while discussing a global health emergency (a “foreign” virus); he humped the same notes of self-congratulation — that his early decision to impose restrictions on travel to China was bold, that America is superbly prepared — when the latter point is obviously untrue, and the former point is moot.

But Trump’s biggest crime Wednesday night was the short shrift he gave to what should have been his core message: Keep your distance. Yes, he mentioned it in passing, but only on the way to rah-rahing himself, denigrating foreigners, and announcing policies that terrified the markets. This was an opportunity to drive home, over and over again, the one message that practically every public health expert says is essential to stemming community spread, lest the pandemic overwhelm our hospitals. He had the command of all the big networks. Yet he didn’t.

Then again, it’s hardly a surprise. For Trump, the whole strategy of social distancing is a nightmare. It’s inimical to his political interests.

Eugene Robinson: The original sin in the U.S. response to coronavirus is lack of testing

Was it the news that Tom Hanks, someone as familiar as a next-door neighbor, tested positive for the novel coronavirus? Was it the NBA suspending its season, or the NCAA’s decision to cancel the March Madness tournament? Was it the World Health Organization’s official designation of the outbreak as a global pandemic? Was it President Trump’s less-than-comforting prime-time address to the nation, which seemed more about vague xenophobia than concrete solutions?

Whatever the trigger, the threat posed by the coronavirus no longer feels theoretical in the least. It is real. And the one medicine that could calm worried citizens and jittery markets — good, solid information — is in shockingly short supply.

Like millions of Americans, I’m working from home. My refrigerator and cupboards are well-stocked. I’ve been washing my hands like crazy, I greet people with nods of the head rather than risk physical contact, I’m avoiding crowds — and somehow none of this seems adequate. I feel uneasy because we’re being given no reliable sense of what comes next.

When the history of the failed U.S. response to this virulent new pathogen is written, the unbelievable lack of testing will be seen as the original sin. As of Thursday, as few as 10,000 individuals across this country had been tested for the virus. By contrast, South Korea — where new infections are tapering off — has been able to test more than 10,000 people per day.

Jonathan Freedland: Trump’s coronavirus ban on travel from the EU is backfiring already

A live televised address from the Oval Office should have reassured the US. Instead it sowed chaos

Such is the reverse Midas touch of Donald Trump, that his attempt last night to face facts, steady nerves and reassure the public succeeded in spreading panic, sowing confusion and ratcheting up the anxiety.

The fact that Trump delivered a rare, live televised address to the nation should, by itself, have induced calm. It suggested that the president was moving out of fantasyland, abandoning the denial that had led him to promise a miracle was on the way and that the threat of coronavirus was likely to recede as soon as next month, when the weather got warmer. (As recently as Tuesday, he was saying, “It will go away, just stay calm.”) That he was ready to deploy one of the US presidency’s most powerful tools, usually reserved for moments of war or disaster – a TV address from the Oval Office – seemed to signal that he was, at last, facing reality. [..]

But no sooner had that hope appeared than it faded away. For in the course of nine minutes, Trump swiftly reverted to type. He described Covid-19 as a “foreign virus”, and took pains to point out that “a large number of new clusters in the United States were seeded by travellers from Europe”. His doctrine of “America first” – a phrase he used once again – forever pits the US against the world, with its implication that America’s purity is permanently under threat of contamination by alien hordes. Trump has used that imagery in the context of immigration for more than four years; it should hardly be a surprise that he uses it now in the context of disease.

Amanda Marcotte: Team Trump can’t even figure out what lies to tell about the coronavirus

Trump and his propagandists are flailing around and grasping at ludicrous lies — they’d be better off shutting up

Donald Trump and the massive propaganda apparatus around him — call them “TrumpLand” — cannot decide what lie to tell about the new coronavirus, COVID-19, that is now exploding into a global pandemic. Simply not lying is of course not an acceptable option. The unofficial motto of the Trump administration is quite clearly “Lie about everything, all the time, even for no apparent reason.” In this case, Trump is facing a very real PR crisis, and the first instinct of this president and his advocates is always to find some way to lie themselves out of their latest pickle.

The problem this time, as many people have noted, is that you can’t lie your way out of a pandemic. Even China, which is an authoritarian one-party state that lies to its population constantly about everything, was unable to bamboozle the public about the virus. (And the epidemic there appears to be receding.) Trump, still saddled with a free press, is stuck snarling “Fake news!” at CNN’s Jim Acosta, when the latter pointed out that Trump’s lies conflict with the statements of health experts.

So what we’re experiencing is a bunch of liars who are way in over their heads, scrambling around like cockroaches, trying to grasp the One True Lie that will somehow make this whole problem go away. It’s not working out, but here are some of the falsehoods they’ve been trying.

The Breakfast Club (Witness)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:00am (ET) (or whenever we get around to it) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

This Day in History

Uncle Sam cartoon debuts; Law prohibiting teaching evolution goes into effect; Deadly rampage at Scottish elementary school; Brigadoon opens on Broadway.

Breakfast Tunes

Something to Think about over Coffee Prozac

When nobody is paying attention, anything is possible.

Alan Grayson

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Baby Got Back

Dah Bears

Once seen…

The Breakfast Club (Loyal, Brave, True)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:00am (ET) (or whenever we get around to it) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

This Day in History

Hitler takes Austria; FDR’s first fireside chat; Gacy convicted; Girl Scouts predecessor founded; Les Miserables opens.

Breakfast Tunes

Something to Think about over Coffee Prozac

Great things are not accomplished by those who yield to trends and fads and popular opinion.

Jack Kerouac

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The Beatings Will Continue Until Morale Improves

The reason I stop doing things is I am easily bored, also I get tired.

NBA- Cancelled. NCAA- Basically Cancelled (No Audience). Ditto all our Late Nights. F-1 Ready for off (are you kidding? look at Maranello and look at a map).

This is just the top line of the Economic consequences.

Travel ban to Europe that doesn’t include the UK? I suppose if you’re healthy enough to swim across the Channel no big. Canada is talking seriously about labeling the U.S. a “high risk” country subject to additional screening and less seriously about building a Wall and having the U.S. pay for it.

And Tom Hanks has Coronavirus (and should he survive a lucrative endorsement package). People who compare him to John Wayne (Joe Scarborough) are sadly mistaken. He’s the reincarnation of Jimmy Stewart.

Years ago my mother used to say to me, she’d say, “In this world, Elwood, you must be,” — she always called me Elwood — “In this world, you must be oh so smart, or oh so pleasant.” Well, for years I was smart. I recommend pleasant. You may quote me.

The Dow has already hit a ‘Limit Down‘ and will halt for 15 minutes at the Open while they resolve the +5% 1,200 point drop in Futures overnight after the Unindicted Co-conspirator Bottomless Pinocchio’s pack of lies (Transcript).

After that we shall see. The Market is still overvalued by 50% and there’s no technical bottom though some important negative indicators have already been exceeded with no sign of support.

Sure, bottom feed- if you can afford to hold and take the losses because this is not wrung out yet, the magnitude is barely apparent.

Need Distraction?

I know I do. Currently screening people beating hot metal into weapons of murderous intent (“It weel keel”) but if I wasn’t I might be streaming this.

I feel compelled to explain myself a bit. Since LotR I am an extreme sucker for Fantasy Sci-Fi and back when Paperbacks were cheap I bought a lot of Ballentine (not the Malt Liquor though I’ve done my fair share of 40s). Gor was a fairly popular franchise among a heavily acned basement dwelling group of Incels but as someone who had actually experienced a romantic relationship with a woman I found the characters overly Pecced and Basic, regardless of sex, and the plots presaged M. Night Shyamalam by being both confusing as well as dull and predictable when revealed.

They are horrible. Thank goodness I only bought 20 or so. I’d be happy to donate them to someone who wants a complete collection except I’m not sure they’d be someone I actually wanted to talk to.

But what are you going to do? Watch the Prime Time Corona Meltdown? The limes are to keep the flies out, not improve the taste, though it does because Corona is Mexican for Budweiser and I’d recommend you drink it for spite except it’s that bad.

There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.

Pondering the Pundits

Pondering the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news media and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Pondering the Pundits”.

Follow us on Twitter @StarsHollowGzt

Jemelle Bouie: This Is Not the Moment for Progressives to Despair

Disappointed supporters of Bernie Sanders can actually get a lot of what they want through the medium of Joe Biden.

If South Carolina was make or break for Joe Biden, then so was Michigan for Bernie Sanders. After falling behind Biden in the Super Tuesday primaries last week, Sanders needed Michigan — where he won a stunning upset against Hillary Clinton four years ago — to reinvigorate his campaign and restore its glow of victory in the wake of his Nevada caucus win.

But Biden had too much momentum. Both nationally and in Michigan, most Democrats were ready to commit to the former vice president. In its most recent poll of the entire Democratic race, Quinnipiac University found Biden with 54 percent support to Sanders’s 35 percent. And in its average of polls for the Michigan primary, FiveThirtyEight found Biden with roughly 54 percent support to Sanders’s 31 percent. By the time news networks called the race, the results were close to the polls, with Sanders rising to over 40 percent but Biden claiming a 53 percent majority.

Strictly speaking, the Democratic race isn’t over. But even if he fights to the convention, it’s hard to see how Sanders could win a majority. All signs point to a decisive victory for Biden.

Michelle Cottle: The Democrats Are Moderately Excited

Another big night for Joe Biden, as voters seem to embrace the reassuring and the familiar. Revolution? Not this year.

Another round of Democratic voters registered their presidential preferences on Tuesday, sending a message strikingly similar to the one from Super Tuesday: They are tired of being scared, they are tired of being angry and they are not in the mood for a revolution.

There has never been any doubt about Democrats’ top priority in this election. They are desperate to beat President Trump and have spent months agonizing over which candidate is best equipped for the task. Increasingly, they are betting that the way to defeat a divisive, bomb-throwing demagogue is with his political opposite. Instead of the Bernie Sanders Revolution, they are opting for the Joe Biden Cuddle, embracing a candidate who is peddling reassurance, unity, moderation, empathy and civility.

Karen Tumulty: Biden should credit his victory in Michigan to women

As primary results were coming in from Michigan on Tuesday night, much of the commentary noted how the political landscape there had changed from 2016, when Sen. Bernie Sanders (I-Vt.) was able to pull off a surprise victory over Hillary Clinton.

What was largely missed in charting the state’s political transformation was the powerful impact of the 2018 midterm elections — and the degree to which the face of politics in that critically important state is now female.

On Tuesday, former vice president Joe Biden won the state, and most likely the Democratic nomination, largely because Michigan women rallied behind him. Preliminary exit polls indicate that he drew 58 percent of the female vote, compared with only 35 percent for Sanders. [..]

Biden actually did significantly better among women than Clinton did four years ago, when she won only 51 percent of the female vote in Michigan, just six percentage points ahead of Sanders in this cohort.

This rallying by Michigan women — who constituted 53 percent of Tuesday’s primary electorate — might seem surprising, given that the remaining two serious female candidates dropped out of the race for the Democratic nomination only last week.

But it also comes at a time when women in the state are not lacking in reassurance of their power.

Max Boot: The No. 1 reason Biden is likely to beat Trump

f God exists, she must be a political scientist with a sense of humor. That, at least, is the only conclusion I can draw from the 2020 Democratic primaries, which seem designed to disprove every commonly held notion of how you win a presidential race. [..]

The winner is going to be Joe Biden, who had just about everything going against him. He is old, inarticulate, uninspiring and gaffe-prone. He doesn’t have a radical agenda. He isn’t a new face; he has been involved in national politics longer than the median American has been alive. He had little money or organization (Sanders raised nearly three times more money in January). He finished fourth in Iowa and fifth in New Hampshire, and since 1972 no candidate has won a major party’s nomination without finishing at least second in one of those states.

A year ago Biden was expected to win. Two weeks ago he was expected to lose. Now he is all but certain to be the nominee after the most surprising turnaround in the history of primaries. Although future history books will treat Biden as the inevitable winner, he was anything but. [..]

Ultimately, I suspect, the outcome can be ascribed to the simple fact that most people like “Uncle Joe.” It’s a little dispiriting to admit that presidential elections, like student council elections, are essentially a popularity contest, but it’s true.

Digital Sam

You know, like the time she got kidnapped by a mutant replicator.

And the time after that. And the time after that. And the time after that.

Hey, you don’t hit 200+ Episodes, 3 or 4 Spin-offs, and about the same number of Direct to DVD movies by being original (I mean, 15 minutes of Christopher Judge wandering around as punishment for not working out before filming? What about those of us who sat through that?).

You give people what they want, same old, same old.

The secret to writing situational comedy is that the situation has to be exactly the same 22 minutes later. No hugging, no learning.

And Sam is never going to have a satisfactory romantic relationship because she keeps pining for Jack and he’s a bit damaged goods and, in fairness to him, knows it.

The Breakfast Club (I Won’t Go Speechless)

Welcome to The Breakfast Club! We’re a disorganized group of rebel lefties who hang out and chat if and when we’re not too hungover we’ve been bailed out we’re not too exhausted from last night’s (CENSORED) the caffeine kicks in. Join us every weekday morning at 9am (ET) and weekend morning at 10:00am (ET) (or whenever we get around to it) to talk about current news and our boring lives and to make fun of LaEscapee! If we are ever running late, it’s PhilJD’s fault.

This Day in History

Bomb attack on Madrid’s commuter trains; Former Yugoslav President Slobodan Milosevic found dead; Mikhail Gorbachev becomes leader of Soviet Union; General Douglas MacArthur leaves Philippines in WWII.

Breakfast Tunes

Something to Think about over Coffee Prozac

I seldom end up where I wanted to go, but almost always end up where I need to be.

Douglas Adams

Continue reading

Hope you enjoyed your Dead Cat Bounce!

Hey, you can’t expect me to be depressed about the market every day, I had far more important things to be depressed about.

But that doesn’t mean the fundamentals have changed. Futures indicate a 600 point loss from the bell and we’re just not very far at all from a definitional (Valuations 20% down from recent highs) Bear Market which is not at all the same as a Recession because that’s a measure of current Domestic Product and has it’s own special raft of flaws among them that it’s a lagging indicator.

Update: Make that 700.

As of 2:09 a.m. ET Wednesday, Dow Jones Industrial Average futures were down 620 points, indicating a loss of 762.16 points at the open. S&P 500 and Nasdaq 100 futures also pointed to losses.

Monday they halted trading 729 down after 7 and a half minutes. Over? Under? You want to play in this Casino? My Uncle did 4X for Chase and was bald as a billiard by 36.

Nah, if you really want to get paranoid you’ve got to look at the gibberish spouted at the 5:30 presser. I’ll spare you an embed but neither Kudlow or his boss looked well at all and their proposed program of Economic amelioration of the effects of Coronavirus (note they don’t care if you live or die as long as you do it quickly and cheaply) is not just cruel in being an open attack on Social Security, Medicare, and Medicaid (Who is the exposed population at most risk? Old Republican White Guys? Silver Lining!) but is utterly ineffective. Payroll Taxes? People got no jobs. That $7.25 at MickyDs looking really attractive now. You know, I’ve always wanted to be a WalMart Greeter, I’m friendly, I’m a nice guy.

There are worse jobs.

Even Laffer couldn’t make sense of it, well, unless your goal is to take large chunks of money and throw them at Oil companies (whom, not for nothing, we already subsidize to the tune of Trillions).

Which brings us to the other indicator, Oil Futures.

The House of Saud is already kicking back $6 on every $32 Barrel for April delivery which makes the effective price of Light and Sweet $26. Russia says it is prepared to pump indefinitely at prices below $20. The truth is neither one of them can actually do that. House Aramco is trading below IPO and Russia…

Russia has a GDP $400 Billion smaller than Texas and they’re not even a particularly large State compared to California. Now if you were competing on the basis of square miles of empty wasteland then Rodina would have the inside track for sure.

But the point is that they both want to make Fracking unprofitable and if it were Huawei offering Solar Powered Commie Spy Machines that would handle your House, and the Grow Lights and Well for your CDB Personal Use Only Hemp Farm, and all your portable crap, and your Tesla, I would be so down with that even though I think Elon Musk is an idiot.

Sadly no. They want you to keep consuming at Planet dooming rates (I mean, if Corona don’t kill you first) particularly Russia which has long term contracts with China pushing exactly the same kind of sticky toxin barely suitable for paving roads that make a house in Medicine Hat, Alberta such an unattractive prospect even if it’s free.

Both see a declining share of a dwindling pool and their solution (and I’m not implying some kind of urine soaked tinfoil collusion because we know Statesmen never behave that way) is to drive U.S. Frackers out of business.

Truth is they’re not in a good position and they have only themselves to blame, most are leveraged up the wazoo and the operating costs of selling at a loss are going to have them looking at debt service sooner than later.

Thing is, money is free. 30 Year Ts at .5%. So you re-fi and cap and hope when the Market comes back the skilled workers you fired didn’t forget or find better jobs. Oil in the ground is an asset, you can trade it for other stuff at a discount if you have to.

But the likelihood is WalMart Nation for the foreseeable future and how much of that? It’s now high risk in addition to low pay and no Health Insurance. Forget Tailgating, games on TV. GrubHub and Amazon. You’ll be forced to deal with those annoying replacement humans. I predict a rise in Witch Burnings and Blue Green Riots (Constantinople during the Julian Plague).

Late stage Neo Liberal Capitalism has collapsed. I suggest Wienies and S’mores.

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