Tom Donohue and U.S. CoC Beg White House: Please Don’t Stop Buying From China, We’ll Lose Our Manufacturing Investments….

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.

(more…)

White House Coronavirus Task Force Briefing – 5:00pm ET Livestream

President Trump, Vice President Pence and the COVID-19 task force hold a press briefing from the White House to provide updates and take questions from the media. The anticipated start time is 5:00pm ET.  Livestreams Below

WH Livestream LinkFox News Livestream LinkRSBN Livestream Link

(more…)

Kansas City Directorate of Coronavirus Compliance Urges Citizens to Snitch on Their Neighbors…

Citizens within the confined perimeter of the Kansas City metropolitan area are requested to turn in their neighbors for violating the stay at home directives.  Any comrade who wishes to assist the local police may call-in their tips to the Directorate of Compliance.

(KCUR) Kansas City, Kansas, police have created a hotline to report non-essential businesses that are staying open during the metro-wide stay-at-home order.

They’re urging residents to call (913) XXX-XXXX if they see a business they believe is not complying with the order, which went into effect Tuesday. The line is staffed from 8 a.m. to 5 p.m. Monday through Friday.

(more…)

Treasury Secretary Steven Mnuchin Discusses Coronavirus Relief Bill…

On the heels of more than three million new unemployment claims, Treasury Secretary Steven Mnuchin calls in to CNBC for a phone interview to discuss the coronavirus relief bill that passed last night.

Mnuchin was asked about his reaction to seeing the 3.28 million new unemployment claims reported for the past week during the interview. Mnuchin said, “To be honest, I think these numbers right now aren’t relevant whether they’re bigger or shorter in the short term.”  WATCH:

(more…)

March 26th – 2020 Presidential Politics – Trump Administration Day #1162

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

trump-president-3

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Stephanie Grisham Twitter @StephGrisham45

Thursday March 26th – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

883 Pages of Coronavirus Aid, Relief, and Economic Security Act Released…

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]

.

Share your thoughts in the comment section….

(more…)

It Begins – Cheesecake Factory Tells Landlords Nationwide They Will Not Pay Rent April 1st…

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.

(more…)

Washington DC Mayor Bowser Closes U.S. Capital Until April 25th…

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.

(more…)

Cincinnati Joins Growing List of Cities Suspending Police Response for Burglary, Theft and Assault…

Cincinnati Ohio joins a growing list of cities who have modified their police enforcement efforts in response to the coronavirus effort.  Cincinnati is suspending all calls for police officers when the suspect is no longer present.

The police will no longer respond to property crimes, robbery, burglary, theft, and assault without hospitalization, amid a new set of law enforcement priorities.

OHIO – […] Police will no longer respond to assault reports, unless a suspect is still present or the victim requires medical attention, breaking and entering reports unless a suspect is still present, menacing reports “unless suspect is expected or threatens to return or is part of the elements of domestic violence” or theft reports “where there is no possibility of immediate apprehension.” (link)

Gee, what could go wrong?…