Tag: economy

Corona Virus Bailout Rescue Plan | Will We Avoid Economic Disaster?

Corona Virus Bailout Rescue Plan | Will We Avoid Economic Disaster?

Show Summary: Congress passed its Corona Virus bailout rescue bill. Will it be enough to avoid economic disaster? What’s next for all those states (like Oregon) that decided to shut down all those businesses? Plus, a little left wing myth busting.

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Air Dates: March 28 & 29, 2020 | Jonathan Williams

This Week: It’s dicey in the US, no two ways to about it. And it’s hard to know what or whom to trust. Like recent reports came to light that the small group scientists behind the much-vaunted study—that the White House and governments all around the world relied on to make drastic, economy-altering decisions that they did—may have drastically overstated the numbers.

Corona Virus Numbers: Were they Way off?

British scientist Neil Ferguson, using a computer model, had predicted 2.2 million Americans and more than half a million Brits would be killed. Now he and his team are backtracking on their modeling numbers.

During testimony to the U.K’s parliament, he now predicts U.K. deaths from the disease will not exceed 20,000, and could be much lower. That means, their initial estimates were 25 times higher than they should have been.

This comes as Dr. Deborah Birx, the White House coronavirus response coordinator, reportedly said the administration was particularly focused on his report.  The doctor now has walked back those predictions and clearly stated that the actual numbers of those infected by the virus do not match the computer models (because they’re much lower).

Corona Virus Bailout Passes

The economic and public health policies we’re seeing enacted now have been based recommendations from advisers who used those overstated numbers, which has shut the American economy down.

Did Donald Trump just use the Corona Virus Bailout to gain control of The Fed…? Check this out from Yahoo News

As the stocks tanked, Trump has pushed back with a stimulus package to get cash into the hands of American workers who have been laid off. Or have lost their jobs.  Small businesses will have loans and grants available to keep them afloat as Trump pushes to get new policies in place for Americans to go back to work.

Corona Virus Bailout: Did they Get it (Mostly) Right?

But will the Corona virus bailout bill work? To get Americans – and America – back to work?

We welcome back Chief Economist for the American Legislative Exchange Council (ALEC), Jonathan Williams, to analyze what’s been happening, and what’s likely to happen.

Read Jonathan’s Op-Ed in The Hill that he mentioned on the show – “A Free-Market Approach to Reviving the Economy Amid COVID-19 Distress

Jonathan—who, like ALEC, believes in smaller government and fewer regulations—walks us through the details and impacts of this massive aid package. You’ll come away with a broader understanding of what’s happening, why smaller government consistently works, and, we hope, we’ll soothe some nerves and calm some fear.  We discuss what the package will be doing, what it could do, and also some problems still on the horizon, especially for states that may have hastily sold their economic souls based on bad numbers.

Another very full show—including some myth busting of Leftist anti-business policies that you won’t want to miss.

Check it Out! President Trump Posts Inspiring Corona Virus Video: “Hope”

Podcast Version

Trapped under a heavy object? Missed the show? Don’t worry—the podcast version will be right here after the show airs.

Links Mentioned

  • Jonathan Williams’ organization is the American Legislative Exchange Council or ALEC. Their website is alec.org and Jonathan Williams’ websites:  www.alec.org &  www.RichStatesPoorStates.org
  • Creative Policy Ideas to Address COVID-19 (via ALEC)
  • Definition of a recession (via Investopedia)
  • Remember when: “Oregon lawmakers weigh odds of a recession, as reserves grow” (Oregonian, Jan 2019)
  • More on the “wisdom of the crowd” – Lorenz, J., Rauhut, H., Schweitzer, F., & Helbing, D. (2011). How social influence can undermine the wisdom of crowd effect. Proceedings of the National Academy of Sciences, 108(22), 9020–9025.
  • The Scientist Whose Doomsday Pandemic Model Predicted Armageddon Just Walked Back The Apocalyptic Predictions (The Federalist, Mar. 26, 2020)
  • Not mentioned but here’s a breakdown of the spending bill: “Here’s a breakdown of the $2T coronavirus bailout” (NY Post, March 27, 2020)

Related Links

Do Issues Matter Anymore? Trump v Hillary on the Economy

Do Issues Matter Anymore? Trump v Hillary on the Economy

Show Summary: In the era of corrupt media, do real issues matter any more? Or actions for that matter. All you need is what someone says rather than actual actions. Or things like economic and tax plans. Want proof? Quick! When was the last time you heard someone in the mainstream media actually mention Hillary’s tax plan?

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We thought so. Join us this week for our continuing series of shows as we examine Hillary’s actions as we compare Hillary’s tax and economic plans to Trump’s. And the huge ticking time bomb of states’ unfunded liabilities.

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Original Air Dates: Oct 15 & 16, 2016 | Jonathan Williams

You would think that if Obamacare is such a great program, the economy should be humming along—no tinkering needed.  But just like Obamacare was going to make health care more affordable (who’s got the swamp land for sale on this one?) Wikileaks has exposed Hillary’s beliefs that by expanding programs like Food Stamps it will help “fix the economy” because it will give families more money to spend. Yes, she actually said this—to a bunch of bankers behind closed doors. Hillary’s tax plan and economic plan reveals an overwhelming foundational philosophy to tax, tax, tax. If Obamacare is an example of an economic policy and expansion of government programs that has increased taxation (as the Supreme Court termed it), Hillary’s economic policies will be even bigger and more expensive.

If you think your health care is already getting to be extremely expensive, just wait until you open your tax bill a year after Hillary is in office. And you won’t even escape it by dying because she wants to slap a 65% death (penalty) tax, which will destroy family-owned businesses and farms.

But you may not have heard about any of this—the Wikileaks or dire consequences of Hillary’s tax plans. In fact, Fox News reported that on Thursday evening news coverage for ABC, CBS, and NBC , 8 minutes per station was spent on Trump scandals with only 20 seconds spent on covering WikiLeaks (with one station not carrying it all), a scandal which has an actual document trail; tens of thousands of documents.  They’re not reporting the truth; they are reporting their agenda.

This week we turn away from the scandals and focus on policy—actions over words.   I Spy will talk with Jonathan Williams from ALEC who has just completed a report on the unfunded pension liabilities faced by every state.  We discuss the ticking time bomb, especially in Oregon, over the massive pay back states have with no money to pay it back. Consider this: in just two years the total amount of states unfunded liabilities has grown more than 900 Billion Dollars.  Almost a trillion dollars on top of what was owed in just two short years. And then consider what the MSM’s focus has been on, Trump’s alleged scandals.

This week, we compare Hillary’s and Trump’s tax and economic plans and even how their plans can impact the looming pile of debt at the state levels.  Be sure to tune in to hear some solutions and find out how one candidate’s plan just may give us a chance to dig our way out of this monstrous hole.

Links Mentioned

Related Links