Big If True: Bernie's Numbers Don't Add Up

I hope you're sitting down - Bernie has released cost and revenue estimates for his 70's era bong-induced fantasies proposed plans and they don't add up. From many candidates I'll pick this passage as my current favorite:

Any credible economist will assert that raising taxes by $30 or $40 trillion would substantially harm entrepreneurship and economic growth, which would dampen the new revenues. Instead, Sanders assumes that these taxes would bring a burst of new economic growth that saves $3.6 trillion over the decade from new tax revenues and less need for safety net spending. No economic analysis is provided defending these extraordinarily unconventional assumptions.

Apparently there are a host of would-be entrepreneurs chained up by our current system and waiting only for exorbitant taxes and a several new phone books of regulations before they start hiring.

Maybe!

Comments

[Melinda]

Do not EVER short something unless you know something very, very specific.

Do not ACT unless you know what everyone else knows.

Now you can step back and decide what others may know.

[Narciso]

So they are taking that number as a floor not a ceiling

https://mobile.twitter.com/alimhaider/status/1236848830987014145

[Narciso]

So what do they know, that gives them confidence?

[Narciso]

Are they going by the john hopkins charts, instead of the cdc.

[Melinda]

DO they know? Or are they picking chart points by arithmetic or logarithmic methods?

All are stepping points to know which traders are at the table with you.

If you’re asking, then you wait.

[Another Bob]

Narc, Bossert knows precisely zero. I presume he’s being treated as an expert because he’s spouting the line MSM wants spouted.

[Melinda]

Anyone noticing Brennan & Clapper’s silence yet?

Yeah, me neither.

[Sandy Daze]

From the TWIP Special edition. This is a must:
It was only a matter of time, "My Corona" by the Rappin Ratz

Clever lyrics and even more, the nuance of a 'bat' first at the 30" point then more and more. Putting it right on China.

https://youtu.be/aY8-N8-pn1I (2'50")

[Pinandpuller]

@CathGroyper

Reminder that:

Men pay 97% of alimony

Men make 94% of work suicides

Men make up 93% of work fatalities

Men make up 81% of all war deaths

Men lose custody in 84% of divorces

80% of all suicides are men

77% of homicide victims are men

#InternationalWomensDay 

https://twitter.com/cathgroyper/status/1236760349552062465?s=21

[President-Elect Jim,SunnyvaleCA]

TM: "Apparently there are a host of would-be entrepreneurs chained up by our current system and waiting only for exorbitant taxes and a several new phone books of regulations before they start hiring."

Sure, sounds plausible LOL.
Hey, now do Joe Biden!

[Another Bob]

Mel, anything you can offer about the state of the repo market? Granted, this doesn’t seem a basic creditworthiness problem like 2007, but how stressed is the system?

[Narciso]

Otherwise sony is burning money like with the lone ranger.

https://www.google.com/amp/s/www.indiewire.com/2020/03/snl-james-bond-sketch-1202216265/amp/

[Melinda]

Purposefully stressed, IMO.

More in AM.

G’night all.

[Narciso]

Inventories will likely be piling up, but for how long?

[Narciso]

A third hand look

https://pjmedia.com/trending/covid-19-number-blindness-and-the-monolithic-legacy-media/?fbclid=IwAR3d_CDCjWFN4yUAPEXvbZArLfpJyljsDXzSMclgHN-ctDVKwt6otdJ551E

[jim nj]

Narciso,

There were ad campaigns linked to the Bond film release. I saw a couple of TV ads before the film's release date got pushed back.

[Narciso]

Yes there are, november is the usual release date, 06 08 12 etc, but this film is like the train at the end of lone ranger (despite the fact they use the original theme, it doesnt end well)

[jim nj]

https://www.theguardian.com/commentisfree/2020/mar/08/china-ill-not-only-coronavirus-communist-party-control

The regime’s power relies on intimidation and censorship. Right now, mistrust is a contagion it is struggling to control

[rich]

Inventories will likely be piling up, but for how long?

Posted by: Narciso | March 08, 2020 at 11:27 PM

other way around and it depends on what it is. cosco is probably burning through their inventory of cleaning supplies and tp and canned goods ... movie theaters probably have mountains of unsold popcorn and candy.

[Ignatz Ratzkiwatzki]

Interesting thread on progs now blasting Trump's "weak" response when they blasted his travel ban as too strong a month ago.
Partisan vermin.

[Narciso]

Well in terms of what was produced in a six month time frame, you're right some items will go fast.

[Narciso]

Maybe someone who calls him #bit coin cowboy shouldnt be so smug.

[Narciso]

If you remember ali khedery, he was the one that vouched maliki, a mistake that took more than 8 years to unravel.

[rich]

and i'm stumped about that clip of biden saying we need to re-elect donald trump. don't think his campaign will be able to shoot him up with a bunch of amphetamines and steroids and send him out to open a pickle jar for the clapping seals.

[Ignatz Ratzkiwatzki]

Don't hear much from Kirsten Powers or Mary Katherine Ham anymore.
Used to not be able to swing a dead cat without hitting either one or both of them.
The latter's husband was killed so I guess that explains her.

[Narciso]

She was pushing for sanders a few weeks back, her coptic hubby didnt point out the incongruity.

[Narciso]

If these people were any more absurd, they would be sucked up by a worm hole.

[clarice]

https://www.gatestoneinstitute.org/15689/iran-train-hits
Tahari--must read on Iran

[rich]

Posted by: Narciso | March 08, 2020 at 11:55 PM-

which one?

[Narciso]

Kirsten, but more of the punditariat

[Ignatz Ratzkiwatzki]

Amazing congruence between these two scenes from Singin in the Rain with Gene Kelly and The Cameraman with Buster Keaton.
Congruence, or maybe plagiarism would work better.

[Ignatz Ratzkiwatzki]

"Moderate" Christian Kirsten supporting communist atheist Bernie. Goofy broad.

[Another Bob]

“Inventories will likely be piling up”

That’s the other odd thing about all this - we heard little to nothing about, say, layoffs due to the supply chain disruption. Nobody says there wasn’t one, the people that count container ship arrivals did see fewer of them. But not much sign of the knock-on effects. Or did I miss it?

The disruptions are starting now as a direct result of quarantines.

[Narciso]

So these people who say trump was too slow, wasnt buzzfeed and mediamatters dinging bannon for pointing out inconvenient facts rhetorical.

[Another Bob]

$1/gal gas on the way?

[jim nj]

Johns Hopkins look-see.

Italy has powered past South Korea to take 2nd place with 7,375 cases. South Korea has 7,313 cases. Iran has 6,566 cases. I still think Iran is more dire and overwhelmed.

[Another Bob]

“ these people who say trump was too slow”

Anything Trump did was wrong, Ineffective etc.

Now, just need to collapse the economy, and blame it on him.

[Dave (in MA)]

.

[rich]

Posted by: Another Bob | March 09, 2020 at 12:03 AM

i would say not yet. the outbreak started concurrent with the chinese new year and i would think most firms would have an annual built in supply slow down they plan for (because it isn't just china but all of asia that celebrates). so slow downs started in february and the layoffs in march and april ...

[rich]

wow oil down a third ...

[rich]

Now, just need to collapse the economy, and blame it on him.

Posted by: Another Bob | March 09, 2020 at 12:17 AM

figure that is the plan.

[Narciso]

If production is being ramped up, they'll make it up in volume?

[Narciso]

How did italy manage that, you would think proxinity to china, wven though the vectir came from pakistan, but thats close enough.

[Ignatz Ratzkiwatzki]

That Gatestone article clarice linked was interesting.
I suspect the Saudis have aimed their oil gun at the mullahs more than Putin.
The Saudis themselves will have some serious budget issues with oil any lower but the mullahs [and their assorted flea bitten puppets] will have some serious existential ones.

[jim nj]

Some inventories for grocery store shelves are produced at a, more or less, constant rate. I've always thought they regulated those inventories with periodic sale prices to clear out inventory build-ups. If they're having trouble keeping up with demand I expect we will see fewer sale price discounts on those items.

Savvy shoppers have been trained to wait for the sale prices and then buy in a quantity to last until the next sale.

[jim nj]

Narciso,

I'm going to guess that the problem with Italy is tourism. Especially with people that did multi-city tours.

[Narciso]

Proximity and vector, well you know what i mean, how goes the salt mines rich fewee tps reports?

[Pinandpuller]

I just landed on a Red hotel:

@rising_state

Did you know America stopped producing antibiotics in 2004? China has a near monopoly on many prescription meds. For oil, food, we would never put all our eggs in one basket in China. We must make pharmaceuticals in America again. It's a matter common sense and national security.

[Ignatz Ratzkiwatzki]

--How did italy manage that--

Stop and think. Whatada dagos do? Always kissing, always pinching either facial or other cheeks, always sharing pizzas and always hooking their thumb nail on their incisors and flickin other wops off.
That last one alone almost guarantees a dagodemic.

[Ignatz Ratzkiwatzki]

How's that mass deincarceration goin fer ya, New yok?
Major Crimes in New York City Spike 22 Percent in February and Cops Blame New Bail Law

[Narciso]

Paging snake plissken to the red courtesy phone.

[Narciso]

Ok so then the cpac and aipac contacts,?

[jim nj]

https://www.foxnews.com/politics/fauci-says-anything-is-possible-when-asked-about-widespread-coronavirus-quarantine

For a guy who has been "muzzled" he seems rather outspoken.

“I don’t think it would be as draconian as nobody in or nobody out,” Fauci said. “But if we continue to get cases like this, particularly at the community level, there will be what we call 'mitigation,' where we have to essentially do social distancing, keep people out of crowded places, take a look at seriousness, do you really need to travel, and I think it’s particularly important among the most vulnerable.”

He added: “You know, you don’t want to alarm people, but given the spread we’ve seen, you know, anything’s possible. And that’s the reason why we’ve got to be prepared to take whatever action is appropriate to contain and mitigate the outbreak.”

And it's rather common-sensical, if people don't modify their behavior when necessary we can impose needed controls.

[rich]

Posted by: Narciso | March 09, 2020 at 12:30 AM

aside from having to go in for early meetings the last few weeks, still toiling away at the forth rate technology company. we'll probably see a slow down here for the next few months.

[rich]

i've got more than a month of leave saved up too!

[Past is Prologue]

Narciso, you've contributed brilliantly to the conversation on the Phillip Roth/WWII thread over at Althouse, am in awe.

[jim nj]

That Gatestone article on Iran, the recent twitter thread on Iran graves and dead bodies, the report of locusts in Iran...

It's like the A-Team, "I love it when a plan comes together."

[Narciso]

I think thats mostly self inflicted, revolutionary regimes consume their own.

[Narciso]

Thanks i tried to broaden it, from a tedious polemic

[Narciso]

Lets see what craziness we face tomorrow,

[jim nj]

https://www.foxnews.com/world/north-korea-fires-3-unidentified-projectiles-south-korea-military

"Yo, Kim, we're a little preoccupied with other things right now, can we back to you later?"

"No, you need to pay attention now."

"Kim we're going to fling dead South Korean coronavirus victims over the DMZ with our new yuge catapults."

"Never mind. I'll wait for your call when you aren't so busy."

[mike in houston]

1950's anti-gun song (ha,ha) with the incomparable Mary Martin. Watch how this Texas gal handles her gun. Her finger is never on the trigger.

https://www.dailymotion.com/video/xmj97

[jim nj]

https://variety.com/2020/biz/news/sxsw-south-by-southwest-canceled-insurance-1203527066/

“We have a lot of insurance (terrorism, injury, property destruction, weather). However, bacterial infections, communicable diseases, viruses and pandemics are not covered,” SXSW co-founder and managing director Roland Swenson told the Chronicle."

Communicable disease coverage was available at an extra cost, but quite obviously no insurer will issue such a policy again in the near future.

[jim nj]

https://www.bloomberg.com/opinion/articles/2020-03-09/oil-crash-saudi-arabia-s-price-war-worked-once-but-may-backfire

The Oil Price War Is Turning Into a Debt War

Saudi Arabia's bloated budget means it's not really a low-cost producer. That's why any race to the bottom will be difficult to win.

[Dave (in MA)]

Commerce Dept. Clears Way For Release Of 150,000,000 Rolls From Strategic Toilet Paper Reserve

[jim nj]

https://www.cnbc.com/2020/03/09/bitcoin-btc-and-other-cryptocurrency-prices-plunge-after-oil-drop.html

Over $26 billion wiped off cryptocurrency market in 24 hours after massive oil price plunge

I don't follow this market. I'm surprised that it's down. I would have assumed that crypto like gold would rise.

[Ignatz Ratzkiwatzki]

Idiots.
The commerce department could have given one million rolls of toilet paper to every American killed by guns with that reserve.

[jim nj]

https://www.reuters.com/article/us-japan-economy-gdp/japans-economy-shrinks-faster-than-estimated-in-fourth-quarter-as-virus-compounds-recession-risks-idUSKBN20W00M

6.3% contraction revised downward to 7.1% contraction. The first quarter won't look good either. Two consecutive down quarters defines a recession.

[jim nj]

https://www.haaretz.com/middle-east-news/iran/.premium-coronavirus-isolates-iran-more-than-sanctions-ever-did-but-it-stops-protests-1.8639593

https://www.haaretz.com/middle-east-news/iran/iran-coronvirus-1.8636536

Iran’s Revolutionary Guard Seeks Absolution in Coronavirus Fight

Iran's commanders hope to wash away more than just the coronavirus — also the anger the public feels after the brutal crackdown of protesters and the shooting down of a Ukrainian passenger jet in January

[jim nj]

https://www.popularmechanics.com/military/aviation/a31263609/air-force-shipping-containers/

The Air Force’s New Weapon Is…Shipping Containers?

The USAF could sprinkle potential battlefields and hotspots with shipping containers years in advance, each hiding a lethal drone.

Sounds like my idea of containerized cruise missile launchers that could be stacked on old freighters and oil tankers.

[jim nj]

https://www.defensenews.com/naval/2020/03/07/destroyers-left-behind-us-navy-cancels-plans-to-extend-service-lives-of-its-workhorse-ddgs/

I've come to hate reading about what the Navy's plans are. Their PR sucks big time.

There's a Lee Child Jack Reacher novel where Reacher and a retired Marine argue about who does PR better. And they agree that the Marines kick Army's ass in that regard.

Navy PR really sucks. If this thing was corporate the Marines would have already done an LBO and taken over the Navy.

[jim nj]

https://www.hughhewitt.com/what-we-cannot-control/

John Schroeder

[jim nj]

https://www.hughhewitt.com/the-nature-of-love-2/

Also John Schroeder

[Barbara]

-Look at the headlines listed above on the thread and elsewhere in the world, and then tell me that this virus wasn't planned.

-Apart from Ignatz' in depth assessment of why Northern Italy has such a high number of Coronavirus cases, that area just doesn't make sense to me. Is there any kind of business connection between that area and China?

-Dr. Fauci hasn't been muzzled. He seems to have been very vocal. The only problem is what he's saying seems to be morphing from "we're on top of this" to "holy $#@& , this is getting really bad."

[jim nj]

https://wattsupwiththat.com/2020/03/08/weather-radar-shows-spring-bird-migration/

Really cool.

Last Monday about 4:30 in the afternoon a flock of geese went overhead heading north when they suddenly veered east. I'm thinking guys you just made a wrong turn and then I thought I knew where they were going. Overpeck Park the most northern body of water in the NJ Meadowlands that includes Overpeck Creek.

Northern NJ topography is a little odd. The Meadowlands are tidal all the way up to Englewood, which is a spawning area for fish. I've seen it. Thousands of fish congregated in very shallow water fed by water coming off the backside of the Palisades. It's right under an I-95 causeway near where I used to live in Leonia. It is not a natural environment. It's channelized to control flooding. Concrete walls, concrete floor. Depending on rainfall it's 3 inches deep or 3 feet deep. The fish prefer low water levels for spawning. High levels of rushing water push them back into Overpeck Creek.

That brook, creek, or stream empties into Overpeck Creek which is fed by other southerly bound brooks that create a small lake in Leonia that flows to the Meadowlands.

The odd part is if you go 1-2 miles north of that, somewhere in Tenafly, the water all flows north to Piermont, NY.

Somehow, as a child, I got it in my head that water always flows toward the Equator, so always thought that was really strange. You know the thing about toilet bowl swirls going in the other direction in the Southern Hemisphere.

Since then I've learned that elevation and topography can cause water to flow in any direction.

[jim nj]

https://phys.org/news/2020-03-evidence-cosmic-impact-destruction-world.html

Researchers find evidence of a cosmic impact that caused destruction of one of the world's earliest human settlements

And they tie it into the disappearance of the Clovis culture in North America.

[jim nj]

https://www.theguardian.com/news/2020/mar/05/invisible-city-how-homeless-man-built-life-underground-bunker-hampstead-heath

Very long article. A homeless man built an underground shelter in a public park in England.

Nytol

[MissMarple2]

James Bledsoe.
@HTWells3
·
1h
Isn't it about time we condemn the democratic party for trying to force feed us a candidate like Joe Biden? The guy is clearly unstable.

If you don't take their actions as an insult to your intelligence, and you're not pissed off about it; well I don't know what to tell you.

[MissMarple2]

MSNBC
@MSNBC
· Mar 8
"I'm battling the mixed messages from the federal government," says Gov. Cuomo after declaring a state of emergency in New York. Cuomo says mixed messages from President Trump and VP Pence on COVID-19 "adds to the fear and frustration of people."

https://on.msnbc.com/331Aq3Q

=======================================

Donald J. Trump
@realDonaldTrump
·
4h
There are no mixed messages, only political weaponization by people like you and your brother, Fredo!

[MissMarple2]

The Daily Beast
@thedailybeast
·
16h
Surgeon General Jerome Adams used his comments to downplay the risk of coronavirus to the president

[MissMarple2]

This will be of interest to some around here:

Hold on one second🤔, I thought I was right wing nut job for saying Obumer could not be President of the US because he wasn’t born here😳? You all owe me and Trump an apology👊. You take his FAKE birth certificate and shove it up your a..😳😘pic.twitter.com/N72Pl0Nx8y

— Bobby D⭐️⭐️⭐️ (@up_weekly) March 9, 2020

Video at the link.

[MissMarple2]

Seems they may have a vaccine:

Working on the coronavirus with laser sharp focus.#FoxAndFriends #Trump #Trump2020 #KAG #KAG2020 #MondayMotivaton #mondaythoughts #Tcot #Ccot #MorningJoe #coronavirus #COVID19

pic.twitter.com/xWxZwn10zx

— Rad123 (@Tombx7M) March 9, 2020

Video at the link.

[MissMarple2]

Diana
@Luckytobeme3
·
20h
Why are Democrats blaming Trump for there not being enough testing kits for Coronavirus?

Maybe if we didn’t have 60 million people illegally here, we would have enough tests.

Just a thought....

[MissMarple2]

https://www.cbsnews.com/news/driver-in-biden-crash-wanted-name-cleared/

He hadn't been drinking. He has passed away, but his daughter wants his name cleared.

Biden's been a liar all his life.

[MissMarple2]

https://www.washingtontimes.com/news/2020/mar/9/sudan-pm-survives-assassination-attempt-in-capital/

[Captain Hate]

I remember that 2009 article on Biden. The Delaware GOP has to be the most inept version of Failure Theater in the country not to be able to blow the Paste Eater out of the water with crap like that. Worthless Rove trash like Mike Castle obviously wasn't up to the task and Rove was an early version of Rick Wilson for that tantrum he pulled on primary night on Christine O'Donnell when voters went with the Tea Party candidate to replace Biden.

[MissMarple2]

Good morning!

[MissMarple2]

https://www.washingtontimes.com/news/2020/mar/7/chuck-schumer-thug-all-other-democrats/

Schumer
Biden
Brazile

[MissMarple2]

Text TRUMP to 88022
@GaryCoby
#SleepyJoe is such a mess that @Twitter
thinks this video was manipulated.

Sorry! He actually said this. Not manipulated.

They are trying to drag Joe across the finish line
Grimacing face

Cc @DanScavino
========================================
Dan Scavino
@DanScavino

The video was NOT manipulated.

[MissMarple2]

Retweeted by the President:

Jack Keane
@gen_jackkeane
·
Mar 5
I am honored and overwhelmed by President Trump’s decision to award the Medal of Freedom. I lived a military life among heroes who were and always will be my inspiration.

[rse]

Barbara--

To answer your question on why that part of italy in particular, a writer several weeks ago pointed out that chinese is the 5th largest immigrant population in that area and that there were direct business ties to wuhan. I forget the reason.

Any coffee shop you would go in in the area, whether as a tourist or a professional. tended to have chinese workers waiting on customers. Will try to locate it as it was quite informative.

I thought this from Rosett article sandy linked was quite on point--

President Trump's restrictions imposed in January on China travel (much criticized in the media at the time) helped buy time to get ahead of this epidemic. The CDC has since been squandering that lead. The CDC botched the production of tests for this virus, made far too few, which turned out to work badly, imposed highly restrictive guidelines on who qualified to be tested, and overall wasted weeks of precious time, as the virus itself escaped the CDC's snail-mail surveillance and testing methods, and began hop-scotching around the country.

[rse]

mm--

The uk is trying its best to help the demented candidate for Pres.

Video retweeted by President Trump is the first ever to be branded 'manipulated media' by Twitter after it falsely appeared to show Joe Biden endorsing him

Dan Scavino shared a post Saturday captioned: 'Sleepy Joe in St. Louis, Missouri today: "We can only re-elect @realDonaldTrump"'
In Kansas City, Missouri on Saturday, Joe Biden had actually said: 'We can only reelect Donald Trump if in fact we get engaged in this circular firing squad here'
Director of Social Media at the White House denied his post was 'manipulated'
But Twitter states in its new rules: 'You may not deceptively share synthetic or manipulated media that are likely to cause harm'
By the time the micro-blogging site had slapped the 'manipulated content' label on it, the video had been viewed 5.2million times

https://www.dailymail.co.uk/news/article-8090409/Joe-Biden-video-retweeted-President-Donald-Trump-branded-manipulated-media-Twitter.html

[rse]

A view widely held here at jom--

https://www.dailymail.co.uk/news/article-8090989/British-journalist-says-people-consider-Meghan-Markle-five-clicks-trailer-trash.html

[Old Lurker]

Mel re shorts.

I recall learning about shorting stocks when I was a mere lad.

What stuck with me to this day is that when going long, the worst you can lose is what you paid; when short the potential for loss is infinite.

[Another Bob]

"holy $#@& , this is getting really bad."

I don’t think that’s what Fauci is saying, Barbara,

[henry]

@realDonaldTrump

“Trump has outmastered the Deep State. He’s light years ahead of us.” MSDNC. I disagree. We have a long way to go. There are still some very bad, sick people in our government - people who do not love our Country (In fact, they hate our Country!).

[henry]

@realDonaldTrump

The Obama/Biden Administration is the most corrupt Administration in the history of our Country!

[jimmyk]

“Is there any kind of business connection between that area and China?”

rse answered above re immigrants, but for business connections I would surmise textiles.

[Captain Hate]

I disagree. We have a long way to go. There are still some very bad, sick people in our government - people who do not love our Country (In fact, they hate our Country!).

The first President since Reagan not to lie to me.

GHWB - read my lips
Slick - everything
GWB - Is Slum is a religion of peace
Gaylord - LOLGF

[jimmyk]

I see Ross Douchehat says that Trump is not entirely to blame, but Orange Man Bad anyway, or something, for "delaying" a month. As if he can snap his fingers and make things happen. Apparently he's not the Mussolini that everyone in the MSM claims he is, but they don't see the logical train wreck in their viewpoints.