President Trump called-in to Fox News host Sean Hannity for an extensive interview on the latest coronavirus developments.  Full interview below:

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You knew it was going to happen… The U.S. Chamber of Commerce (President Tom Donohue) begins having apoplectic fits at the thought of even stronger Trump administration policies that might undercut their Chinese manufacturing investments.

The U.S. CoC is the biggest stakeholder of U.S. multinational companies doing business in China.  The Trump administration has been warning them for years to put America First in their business plans; and now with the Chinese Pandemic showing just how dangerous it is for critical manufacturing to be made in the U.S.A, chamber President Tom Donohue is pleading to keep the U.S. dependent on China.

Keep in mind, this is the EXACT SAME group who said the steel and aluminum tariffs were going to cause massive inflation driving up the price of all consumer goods and cars by thousands of dollars… It never happened; because the CoC are manipulative liars.

WASHINGTON (Reuters) – White House plans to expand “Buy America” mandates to the medical equipment and pharmaceutical sectors could worsen shortages of urgently needed medicines and delay discovery of a vaccine for the new coronavirus, over 80 business groups warned.

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Yikes, the text of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has been released (full pdf below).  The Senate took H.R.748 stripped it out, and replaced the text with this bill.   The full 50 page senate record of the activity is available here.

Digging in now.  However, at first blush the size of the spending seems to be a considerable state budget deficit bailout [similar to how Obamacare removed the healthcare pension liabilities from unions].  Here’s the BILL:

[scribd id=453273118 key=key-drggn4Vhb6WkXv99UjQv mode=scroll]

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Share your thoughts in the comment section….

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Think about this… How weak and tenuous does a corporate financial position need to be such that being closed for one week means informing all nationwide landlords of your inability to pay the rent next week?   Consider this example:

CALIFORNIA – The Cheesecake Factory, one of the most popular sit-down restaurant chains in the country, says it will not be able to make upcoming rent payments for any of its storefronts on April 1 because of significant loss of income due to the coronavirus crisis.

[…]  Company chairman and CEO David Overton writes, “Due to these extraordinary events, I am asking for your patience, and frankly, your help.” He continues, “we appreciate our landlords’ understanding given the exigency of the current situation.” The letter says that the company hopes to resume paying rent as soon as possible.

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Washington DC Mayor Muriel Bowser closes the nation’s capital until April 25th, effectively closing all public gatherings for one month. [Order pdf Here]

There is a certain aspect to dèjá-vu showing up on the horizon… Welcome to an economic civil war. But first, the latest details.

WASHINGTON DC –  The intent of the Order is to temporarily cease all non-essential business activities, including tour guides and touring services; gyms, health clubs, spas, and massage establishments; theaters, auditoriums, and other places of large gatherings; nightclubs; hair, nail, and tanning salons and barbershops; tattoo parlors; sales not involved in essential services; retail clothing stores; and professional services not devoted to assisting essential business operations.

The Order goes into effect on March 25, 2020, at 10 pm, through April 24, 2020 (link)

On the horizon it appears the state and regional shutdowns are going to mirror the shutdowns from Obama’s infamous sequester-fiasco from the spring of 2013.  That looks like the road-map that will be followed as the coronavirus issue starts to level-off.

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The White House is holding the daily update for COVID-19 information and press availability today at 5:00pm ET.  Livestreams below:

VIDEO ADDED:

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[Transcript] – THE PRESIDENT: Thank you very much. So, nice to be with you. America continues to gain ground in the war against the virus.

I want to thank the American people for answering the call, following our guidelines, and making the sacrifices required to overcome this terrible threat. More aggressively we commit to social distancing — so important. Social distancing — such an important phrase. And we do it right now. The more lives we can save and the sooner we can eventually get people back to work, back to school, and back to normal.

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With caution applied, Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer announced around 2:00am ET a deal had been reached for the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) bill.

The final language for “HR.748” (stripped and newly assembled) will take place today.  Looks like the senate is using an old bill, previously passed by the House, so the House can deem and pass, without formally reconvening. There are ten republican amendments. Speaking from the floor, both McConnell and Schumer made remarks describing the bill.

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Here’s the transcript from the President Trump COVID-19 Task Force town hall event earlier today.

[Transcript] – THE PRESIDENT: Thank you, Bill.

Q Unusual circumstances, where you’re trying to communicate with the American people and we’re trying to maybe bring the American people a little closer to you and get some answers.

THE PRESIDENT: Well, that’s true.

Q To you, Mr. President, when was the moment that you thought, “We got to move on this”?

THE PRESIDENT: Well, I think when I started seeing and reading about China, and seeing what was going on in China — Wuhan, specifically. It seemed to come mostly out of there — that area, the province.

And when I saw that, and I saw the kind of death they were, you know, talking about on television, in the papers, and I started reading a lot about it. And, really, when I had to make a decision: Do I stop people from China and specifically that area — but from China — to come into the country? And everybody was against it. Almost everybody, I would say, was just absolutely against it. We’ve never done it before. We never made a decision like that.

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National Economic Council Director Larry Kudlow explains the overall picture of the legislative package as coordinated by Treasury Secretary Steven Mnuchin, and the White House economic team.   The overall financial package is $6 trillion.  $4 trillion of that amount is federal reserve lending authority in case needed.  $2 trillion is direct economic assistance.

Democrats are still attempting to add their K-Street pet projects (foreign aid grants, performing arts contributions, union payoffs, election modifications, funds to expand abortion services, subsidies for wind farms, restrictions on cow flatulence, funds for Hollywood productions, airline emissions, turtle training classes and various social engineering topics) to the spending package. That battle continues….

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You can tell when Speaker Pelosi recognizes a political backlash for her manipulative schemes because it’s the only time she blitzes the media. After suffering a very large political hit, beyond the capability of the media to defend, Pelosi said today the House will take up the Senate coronavirus bill.

The writing was on the wall late yesterday as people started digging into the 1,400 page House proposal and exposing all of the far-left ideological efforts within it. Billions were earmarked for nonsense progressive projects and the House scheme was fraught with social engineering that had nothing to do with assisting workers and businesses.

Even Pelosi’s own party started telling leadership they had gone way too far with the assembled list of nonsense legislation. The speaker recognized if she did not quickly make a tactical retreat her party would be crushed by exposure of the brazen politics they were attempting. The reach was so extreme, the media could not protect her.

In an effort to save a horrid face, the speaker was forced to blitz the media alone while all other house members watched to see how she could recover. Whenever Pelosi stands alone, that’s the “tell” for the size of the political miscalculation.  Pelosi announced she was abandoning plans for the 1,400 page House scheme. Now the senate work continues…

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