The biggest of all the bigger financial issues around the economic shut-down will ultimately come down to a battle this spring/summer over a massive bailout for state governments to replace their missing revenue.  States like California, New Jersey, Illinois, Connecticut & New York have been struggling with financial issues for years.

“You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.”  ~ Rahm Emanuel

Long before the Wuhan Virus those states were near financial collapse.  The only thing keeping them afloat was as expanding economy, and new revenue as a result of President Trump’s economic policies (making bigger pies).

The economic shut-down in those specific states makes their preexisting financial trouble exponentially worse.

Not only will CA, NJ, IL, CT and New York demand a bailout, a very massive bailout to cover their revenue shortfall, but they will almost certainly use the wuhan virus as an excuse to cover and bail-out preexisting budget deficits.  Governor Andrew Cuomo hinted toward his intention weeks ago.  He sees this as an opportunity to get federal money.

So when Senate Majority Leader Mitch McConnell throws a bucket of ice water in the face of blue state governors who were anticipating to “make money” by forcing the country to subsidize their overindulgent spending habits, obviously Cuomo is apoplectic.  WATCH:

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Representative Jim Jordan appears on Fox Business with Lou Dobbs to discuss Trump Removal 4.0.  As Jordan outlines there are already eight different oversight teams looking over the Wuhan Virus spending. The Clyburn committee was exclusively created to target President Trump.

Additionally, Jordan goes to the big picture and discusses the latest revelations about the DOJ and FBI; while holding cautious optimism toward Bill Barr and John Durham.

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Man, if only the House would have made Jordan the Speaker in January 2017.

::heavy sigh::

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Earlier today National Economic Council Director Larry Kudlow appeared on Fox Business with Lou Dobbs to discuss congress renewing funding for the small business and payroll protection program.   Kudlow estimates current unemployment at more than sixteen percent (16.3%).

When questioned about potential changes to our economic system, financial system and potential increases in taxes, Kudlow gets energized and jumps on the table to talk about the Main Street MAGA program. Focus on blue-collar, focus on the middle-class, let’s get manufacturing moved back into the United States and re-energize the economy….

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Along a party line vote in the House of Representatives, today House Democrats created a Coronavirus investigation committee to be led by candidate Joe Biden’s official political handler and control officer: South Carolina Democrat Rep. Jim Clyburn.

The assembly of the Clyburn Committee is the DNC’s fourth political effort to remove President Trump from office. (1) 2017: Russia Collusion; (2) 2018: Mueller Obstruction; (3) 2019: Ukraine interference; and now (4) 2020: Coronavirus caused by Trump.

The DNC Club boldly created the Coronavirus Oversight Committee to find new and insightful ways to claim the Wuhan Virus was caused by President Trump.  However, it is the installation of Jim Clyburn, the engineer for the Joe Biden campaign, as the head of that committee that shows the political intents for 2020.

Democrats are not even trying to hide it.

Right before the SC Primary the DNC Club knew they had a problem with the Bernie Sanders momentum.  An urgent assembly of all party control officers was called. The DNC Club designed a plan around using James Clyburn as the official spark for Joe Biden to take back control of the primary outcome.

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Another painful week as the Dept. of Labor provides the latest data on jobs and the economy. For the week ending April 18, an additional 4.427 million Americans filed unemployment claims.

Over the past five weeks, more than 26 million Americans have filed unemployment insurance claims.

U.S. Labor Secretary Eugene Scalia issued the following statement:

“Today’s unemployment report shows continued, elevated unemployment claims caused by the coronavirus pandemic. The Department of Labor is continuing to provide guidance and support to the States as they implement the enhanced unemployment benefits under the CARES Act, with 44 States now paying the $600 additional weekly benefit provided by the Act.”

“The Department also continues to implement the paid leave requirements of the Families First Coronavirus Response Act, and has now initiated hundreds of cases to ensure workers receive what they’re entitled to under the law. As American businesses look to open up again under the guidelines presented by the White House last week, the Department’s Occupational Safety and Health Administration will continue to provide guidance and support to protect workers and ensure safe workplaces, backed up as necessary by appropriate use of OSHA’s enforcement authorities.”  (LINK)

Treasury Secretary Steven Mnuchin calls in to Stuart Varney to provide updates on congressional funding for the Paycheck Protection Program (PPP) and the Small Business Administration relief package.  Sec. Mnuchin covers a range of topics from Harvard to oil.

After discovering that several large companies have applied to the PPP program, Mnuchin warns them about the statements on the qualifying ‘certification’.  The SBA/PPP program is designed for small businesses without access to the capital needed to continue payroll operations.  Any big business that has access to capital could face severe penalties and/or investigation if they disregard the certification and make an SBA claim under the program.

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Lou Dobbs knows what is going on here… you can hear it and see it in his lead-in to the interview with Devin Nunes.  Unfortunately, Devin Nunes doesn’t want to call the baby ugly. Here we are, once again stuck in this stupid place where DC pretends the previous CIA, FBI and DOJ officials were not political; while we roll our eyes at them because we know the truth; and we know that they know the truth; but their pretense is supported by a willfully blind media.

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Foolishness and betrayal of our country have served to reveal dangers within our present condition. Misplaced corrective action, regardless of intent, is neither safe nor wise. The intelligence apparatus was weaponized against our candidate by those who controlled the levers of government. That said, today’s SSCI defense of political corruption is infuriating.

To understand what is taking place within the Mark Warner and Richard Burr report it is worthwhile revisiting the 2014 House Intelligence report by Mike Rogers and Dutch Ruppersberger which was presented in defense of severe corruption in/around Benghazi.

The HPSCI report from Rogers-Ruppersberger was a cover-up operation intended to defend their own interests and involvement in the CIA/State Dept. operation in Libya. Only after the 2014 report was it discovered that republican Mike Roger’s wife was actually connected to the illegal arms sales in Libya.  Therein was the motive and conflict.

Similarly, today’s Senate Intelligence report from Mark Warner and Richard Burr, defending the construct of the ICA, is itself intended to cover their own involvement in the CIA/FBI corruption against candidate, and President, Donald Trump.  The evidence of their complicit activity is within the story of SSCI security Director James Wolfe, and how the DOJ covered-up the FISA leak in order to cover-up institutional SSCI corruption.

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A highly effective ad noting how Speaker Nancy Pelosi chose to hold-up $250 billion in funds for the American worker Paycheck Protection Program (small business) while sitting in her multi-million home bragging about her supply of gourmet ice-cream.

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Republicans and Democrats finally agreed on a supplemental spending bill that will bolster the paycheck protection program with an additional $321 billion in relief funds.

[WASHINGTON] – […] The deal also includes $60 billion in loans and grants for economic disaster assistance, $75 billion for hospitals and $25 billion for coronavirus testing. Of that testing money, $11 billion will go to states and some will also go to the federal government.

Democrats admitted defeat on their demands for $150 billion for states and local governments after McConnell and Mnuchin took a hard line against including that money. (read more)

Likely President Trump and Secretary Mnuchin will discuss during today’s briefing. The bill should pass later this week.