Archive for 2020

AOC EMBODIES “PRETTY PRIVILEGE” — IF SHE WERE UNATTRACTIVE SHE WOULDN’T GET AWAY WITH SAYING SUCH DUMB STUFF: Father Damien ministered to native Hawaiians in a leper colony, now AOC calls him a ‘colonizer.’ “So according to AOC, you are a colonizer if you lay down your life for people you never met before, halfway across the globe. If you earn the plaudits of the local queen for your selfless heroism, you are a colonizer. But there’s even more to the story.”

WOE UNLIMITED: A look at politics, death and what passes for life in ayatollah Iran.

THE KEY WORD BEING “REPORTEDLY:” Ellen DeGeneres reportedly wants to end her talk show.

Ellen DeGeneres may be tired of talking.

Anonymous insiders at Telepictures said the longtime host of her eponymous talk show is ready to hang up her microphone in the wake of recent allegations about “toxic” workplace conditions.

A source at Telepictures told DailyMail.com that the host is telling executives at Telepictures and Warner Bros that she has had enough and wants to walk away from the show.

“She feels she can’t go on and the only way to recover her personal brand from this is to shut down the show,” an insider told the outlet on Friday. “The truth is she knew what was going on — it’s her show. The buck stops with her. She can blame every executive under the sun — but Ellen is ultimately the one to blame.”

It sounds like pressure is being applied via “anonymous insiders” to force DeGeneres out for her producers’ excesses.

OPEN THREAD: And the stores closed down and the cars stopped runnin’ and the sky cleared day-to-day; But no one cared everybody took a holiday, everybody took a holiday.

150M HOP SOON, SAYS ELON: SpaceX fires up Starship SN5 rocket prototype ahead of first test flight. “The final version of Starship will feature six Raptor engines, stand about 165 feet (50 m) tall and be capable of carrying up to 100 people, Musk has said. The spaceship will launch atop a gigantic rocket called Super Heavy, which will be powered by 31 Raptors of its own. Starship and Super Heavy will be fully and rapidly reusable, Musk has said.”

WALL STREET JOURNAL: The Lockdown’s Destruction: Incredibly, some in the media want to repeat the second quarter’s 32.9% plunge in GDP.

Consumer spending fell 34.6% and accounted for some 25 percentage points of the GDP decline. The fall in transportation, recreation, food services and hotels was brutal. But the biggest surprise was the plunge in health-care spending during a health-care crisis. Health care represents about 12% of the U.S. economy and its collapse subtracted 9.5 percentage points from GDP.

How does that happen in a pandemic? The answer, as our friend Don Luskin points out, is that politicians panicked in March and waited for a surge of Covid-19 patients that the pandemic modelers told them would arrive. Blessedly, the modelers were wrong, and far fewer hospital and intensive-care beds were needed. But the economic harm from stopping all elective surgeries and barring visits to doctors was severe and unnecessary.

It was also a terrible public-health blunder. That harm will play out for years as Americans discover cancer, heart-disease and other diagnoses that were missed or delayed. . . .

Hard to believe, but some on the left are stumping for a second nationwide lockdown to control the virus. Shut the U.S. down again until October when the scourge will be gone for good. Do they want another 33% decline in GDP and 40 million more unemployed?

Without a vaccine, the virus was always likely to spread through most of the country, as the Centers for Disease Control and Prevention predicted in March. The lockdown-as-miracle-cure is a fantasy, as the World Health Organization has now acknowledged. The economic and public-health harm is too great and the virus is too easily transmissible.

The public is smarter than the media and can adjust its behavior when flare-ups occur. Hospitalizations and cases in hot spots in the South and West are trending down. They’ve fallen by a third in Arizona from a peak two weeks ago and are down 8% in Texas. Deaths have increased, but the rate is far below those on the East Coast in the spring.

At least the worst economic news is over, or it should be without a second lockdown. Orders for motor vehicles and capital goods are rising, and housing is strong. The service economy will take longer to come back, but it will do so when the public feels confident enough to venture out. What no one needs is another catastrophe like the second-quarter lockdown.

The WSJ is on-target, though the GDP drop is not an absolute 32.9% but an annualized rate. The actual drop for the quarter was much smaller, of course, though still huge. And it was pretty much all government-induced. Weirdly, when you force large parts of the economy to close down, the GDP drops.