The world holds its breath over the corona virus. The irony, as the orange ape plays on his tire swing. In retrospect, all the things he's done in this ham-handed presidency. The crimes, the mistakes, the foolishness, pettiness and mean spiritedness and in the end"it wasn't his fault. Just as blameless as a baby, but he will be remembered for this. The music stopped and now the orange ape can't find a chair.
When Glass-Steagall was first passed the point was to keep bankers from putting your money on Wall Street. You were saving for your old age or your kids education. Retail banking was for lending and saving. Car loans, small business loans and mortgages. Investment banks were for Wall Street, Stock offering, mergers and speculation. If you allowed Retail banks to speculate, ah the siren's song. More money can be made and faster. Let Joe Six-pack get his car loan elsewhere. Community? Did you see what the market did today?
Uncle Sugar was insuring deposits, so for a while Uncle Sugar had their way. I awoke this morning and turned on the business news. The analyst was explaining that after the Bubonic plague and the Spanish Flu the economy came roaring back. God bless their pointed little heads. It occurred to me that it was too late to go back to bed, and I would have to deal with this nightmare"standing up.
The Center for Disease Control says the death rate from the corona virus is 2%. The World Health Organization says 3.2 % The Cheeto says, "All is well! Go ahead and go into work!" Nervously whistling passed the graveyard. Currently, we have 132 confirmed cases and eleven deaths. I don't have a calculator handy, but that's way more than 3.2%. Most of the deaths can be attributed to old age and health problems. The actual problem is we don't know the number of people infected. The Moe, Larry and Curly Administration is stuck on the horns of a dilemma. Tell the truth or please Trump.
So, they will try and please Trump, they will use all of the incompetence at their command to present the appearance of calm. South Korea has tested several hundred thousand of its citizens while Mike Pence isn't certain how many test kits are actually available. The US has tested 1,500 people. Remember that scene in Independence Day, where the Alien spacecraft was parked over the White House? Well, its come to pass only as a virus.