Sunday Talks: Peter Navarro Discusses COVID-19, China and Restoring the U.S. Industrial Base…

White House Director of Trade and Manufacturing Policy Peter Navarro appears for an interview with Maria Bartiromo.  As a China hawk Navarro outlines the economic damage from a perspective where China needs to be held accountable.

One of the ways to hold Beijing accountable is to retract all U.S. business interests and decouple from China.  The White House is currently using a task-force approach to assemble the background evidence.  Once assembled, many people suspect President Trump will initiate very strong policies against China (including tariffs) simultaneously timed with tax incentives for U.S. companies to return manufacturing back to the U.S.

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If you think about the economic vulnerabilities currently carried by China, it is entirely possible for USTR Lighthizer, Secretary Mnuchin, Secretary Ross and Peter Navarro to structure serious financial punishment upon the Red Dragon.

At no time in the past twenty years has Beijing been more vulnerable to an economic adversary.  At the same time, there has never been a more strategic economic adversary in the oval office. This is a conspicuously remarkable moment in history.

This entry was posted in 1st Amendment, CDC, China, Communist, Coronavirus, Economy, Election 2020, Hong Kong, Legislation, media bias, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

128 Responses to Sunday Talks: Peter Navarro Discusses COVID-19, China and Restoring the U.S. Industrial Base…

  1. All Too Much says:

    re: American economy: “The Chinese CP took it down…”
    Not a lot of wishy wash in that.

    Liked by 7 people

  2. Johnny Boost says:

    We can’t decouple for China until we open up the country for business again.

    Hello? How are we supposed to rebuild our industrial base if we can’t go to work? Does anyone think this through?

    Liked by 9 people

    • Ausonius says:

      Precisely! Which is why DEMS – pro-Communist, America-hating DEMS, want open borders and oppose re-opening America under the guise of “wanting everyone to be safe.”

      They want everyone to be unemployed and dependent on government, and therefore controlled by government. BRAVE NEW WORLD of 1984!

      Liked by 15 people

      • bacillus says:

        The COVID-1984 Control Voice across all the Sunday shows I watched said people are still far too afraid to go into places of business even though they are opening up.

        Liked by 4 people

        • gunrunner03 says:

          Afraid. Exactly how the Dems and their MSM hacks want it.

          Liked by 6 people

          • Big Jake says:

            I’m not afraid and I refuse to wear a mask. I don’t stand in line either. I just walk in. Nobody stops me.

            It’s time for peaceful civil disobedience.

            Liked by 15 people

        • Risa says:

          Report from Houston: People are going out to eat, with restaurants operating with spaced tables, reservations and somewhat more limited menus. BUT PEOPLE ARE GOING OUT!!!!

          Liked by 8 people

          • Whip says:

            Damn right we are. No Masks! Houston getting fun again.

            Liked by 4 people

          • GB Bari says:

            Sounds great but very large numbers of local and chain restaurants’ business models and facilities were designed for the seating capacity that existed before the “social distancing” BS was forced upon them.

            It is a simple matter of arithmetic. It is essentially “dollar per square foot.”
            There is revenue per square foot, and there is total cost per square foot.
            Costs will not change unless costs of food, equipment, utilities, rent, and labor change. And those costs will likely not go down in the future, but will increase.

            But “social distancing” reduces seating capacity by 2/3 to 3/4 in most restaurants.
            The businesses cannot survive financially on that model.

            Customers are temporarily willing to buy the food in take out containers and eat at home.
            That willingness will diminish quickly (it already is in many areas). Those customers will be increasingly impatient that they cannot go out to eat a meal like they have for all of their lives and not have to deal with any cleanup and dirty dishes.

            Liked by 2 people

            • Risa says:

              The restaurant my family ate at in Houston had a 10% surcharge on the ticket to help subsidize the reduced seating capacity. I don’t know if this is being used at other restaurants or if it is unique to just this one. Take-out was also still flying out of the restaurant.

              Liked by 1 person

              • GB Bari says:

                Financially I understand the 10% surcharge. But that’s a tough way to treat your customers who are still patronizing your business. Especially customers who are likely experiencing pay cuts because of this Shamdemic or Dempanic as some call it.

                Liked by 1 person

        • FrankieZee says:

          I live in St. Petersburg Fl. I drove downtown on Saturday afternoon to see what was going on in the Restaurant and bars areas down there because the gov opened up restaurants last Monday. The area was packed with people. Some of the outside tables had 6 to 8 people sitting around. They have these huge parks down by the bay and they were packed. I don’t get the feeling that people are afraid. My sense is that people are excited to getting back to normalcy. Monday they open up the barbershops. HOORAY

          Liked by 5 people

          • darbypepper1 says:

            Clermont, Fl here. Went this morning for a pedicure, a luxury IMO, not an essential. Took my mask fearing one must. I was correct, a must. Asked why, signs saying per “guidelines”. Glasses fogged up, no one can have a conversation as muffled. Short story, I walked out.

            Liked by 1 person

      • tucker7518 says:

        CNN shoot down every state that is trying to reopen.

        Liked by 2 people

      • tucker7518 says:

        In Bristol, Tennessee everything is open for business. Across the street in Bristol, Virginia, everything is shut down.
        https://www.realclearpolitics.com/articles/2020/05/05/on_virginia-tennessee_border_one_side_is_open_for_business_while_the_other_is_still_on_lockdown.html

        Liked by 1 person

      • Jan Pauliny-Toth says:

        Interesting to watch the blue loser States start to scramble as they lose out to the booming, smart governors…and their electorate will know who to blame. Wait and see.

        Liked by 1 person

    • Bill Durham says:

      Spot on. How are we supposed to be winning if we are hiding in our basements while our jobs, companies, and industries collapse??? Some states will be on a 3 month lock down. There is no normal. Sports teams may ban fans until 2021!!! WTH. The majority of Americans want to continue the Shutdown. WTH do they think will be left. The airline hotel cruise ship and vacation industries are dead. How many people are going to go to bars restaurant and clubs when they open. For a vicious flu??? Seriously. And POTUS keeps delaying. What happened to Easter opening??? May 1. When is enough? There will be nothing left…. sorry to be negative but this is out of hand. Today I was not allowed to shop because I don’t have a mask. I am in my 50s. I am a mature man with a firm hand with the young ladies. I don’t wear masks like milenial beta cucks. I get flus the move on with life. People like me keep the herd strong. Milenial beta cucks are weak and impotent. We have a generation of eunuchs. They don’t even know how to get it on. It’s sad. Men are emasculated boys. Shameful. Wear a mask? Like it’s gonna matter after 6 months of the virus. I am already immune by now. Cripes. Where is POTUS??? We got people in the White House on quarantine. The military is turning soft when does the country man up and put on our big boy pants???

      Liked by 6 people

      • spren says:

        Bull, I usually enjoy your comments, but this one is over the top. Trump is doing everything he can to encourage reopening the economy. We have a federalist system in this country and Trump is Constitutionally complying with that. He’s laid out his guidelines recommending how they can reopen, county by county, depending on the situation on the ground in all of those areas (no one size fits all proposal). All of the respective states have governors who are deciding (by fiat) what takes place within their own states. Many are cautiously trying to return to normalcy (Georgia seems to be going well so that’s why we’re not hearing about it), but many blue states are dragging their feet.

        Trump didn’t unilaterally order all states to close and neither can he unilaterally order all of them to reopen! We literally have a laboratory of states and we will see how each of them proceed, and we will soon be seeing the results of their decisions. But I don’t think there are many people who don’t see the vulnerabilities in our supply chains by depending on China. It’s not going to happen overnight, but I believe we will see many of our producers seeing the wisdom in removing themselves from China. Some of this business may go to Indonesia and Vietnam, etc., but many of them will return to our own shores.

        Please don’t give up faith in our great president. He is the man for this time. No one else could handle this or the myriad challenges he’s had to face and hold up so well. I’m so grateful we have him at the helm and can’t imagine our plight if anyone else was in his place.

        Liked by 6 people

        • osugagal says:

          Georgia has “officially” opened up but it has not really opened up. While retailers are permitted to open, most of them have not. I call a handful of them everyday to see if they are open and they are still closed. I have emailed and called the corporate offices to no avail. My husband and I have eaten inside a restuarant 4 times in the 10 days since they have been allowed to open. But many of our neighbors think that is suicide. I am beyond myself with grief that so many are so afraid.

          Liked by 1 person

    • Skeeball says:

      The Dems are clearly signaling that they will refuse to return to normal until Joe Biden is President, then everyone can have their jobs back so that Democrats can take credit for it.

      The Democrat Party is destroying this country.

      Liked by 3 people

      • GB Bari says:

        I might be wrong, but I don’t think the President will permit that to happen.
        He has tried to be respectful of the 10th amendment but there comes a time when what the DemonRATs are doing causes a national emergency. At that point the President takes over.

        But I think he “persuades” the DemonRAT governors to back down long before it gets to that. President Trump knows how to gain and use leverage to maximum advantage.

        Liked by 2 people

        • Bill Durham says:

          If we don’t get back to work, Trump will be unemployed in November. We will vote for him but there is increasing resentment building. He needs to get his hands on this or it’s another blue 🌊 wave like 2018.

          Like

        • mike says:

          Democrats = scorched earth politics
          If they can’t gain mastery, burn it.

          Like

        • annieoakley says:

          President Trump is supposed to meet with CO Gov. Jared Polis on Wednesday to ask for more money from the Fed Gov. for CO (and the Progress Now, China Friendly) liberals in the state. Praying President Trump says NO Way. You clean up your own mess, Polis.

          Like

          • GB Bari says:

            “No” would be the correct response from our President. He will, however, probably be more diplomatic. 😉

            Like

      • tucker7518 says:

        Dems keep dragging everything out. First it was the Mueller Report, then the Kavanaugh hearing, then the impeachment. Now, it is this shutdown. This needs to end, and the country needs to return to normal.

        Liked by 2 people

    • Phil it is says:

      I think the phrase to keep in mind is “phase in”. We can de-couple as more items are made in USA, Mexico and Canada (usmc agreement) it will take a little time, but it can be done. I hear what your saying, once we in the USA can go back to work. Instead of collecting bail out supplements on a monthly basis till Orange man bad is out of office. Pelosi Galore wants monthly supplements without a job for a long time.
      I wish everything wasn’t political, but unfortunately it is. The dems are relentless, they will never stop until they are in complete total power. It’s all about power for them. To the dems “the means justifies the end”

      Liked by 1 person

    • Conservative_302 says:

      People are out playing tennis on the city courts. Dallas hair salon is open for hair cuts. People need to force the government’s hands and start reopening up their businesses. There’s too many of us to arrest us all.

      Liked by 2 people

    • amjean says:

      Speak to your state and local officials.

      Like

  3. whoseyore says:

    This is WAR!

    Liked by 6 people

  4. TradeBait says:

    Back to work. American business needs to wise up and move out while the getting is good because the Chi-coms are going down. If they don’t, plenty of patriotic and wiser American businesses will be happy to take their places. Real capitalism on a level playing field is a great equalizer.

    Liked by 8 people

  5. islandpalmtrees says:

    Liked by 11 people

    • dallasdan says:

      No doubt, this is one of the numerous sources that has made the President so confident in his allegations against China.

      The WHO’s denial further confirms the legitimacy of ceasing its funding from the USA.

      Liked by 7 people

    • jeans2nd says:

      Point being, Sec Pompeo will be another economic Wolverine, getting the EU countries and other countries to also withdraw their businesses from Communist China.
      Sec Pompeo is another happy warrior in this endeavor.

      Liked by 3 people

    • Bubby says:

      Didn’t Bill Gates give President Trump a D- for handling of the Wuhan Virus, said China’s coverup was a distraction and China’s “efforts as “extreme intervention,” describing the outcome as having been able to “crush that epidemic.”-Jeff Poor – Breitbart? Maybe China crushed it in China but gave it to the rest of world by silencing the WHO! Democrats are praising the WHO and the WHO is praising China WTF! Anything the Democrats are for is destructive to the Republic! Up is down, down is up, good is evil and evil is good the current status of the Democrat Party and the corrupt msm! Will this Germany intelligence result in any apologies from China, WHO, Democrats or the corrupt msm? No!

      Like

  6. islandpalmtrees says:

    BREAKING: According to German Intelligence (BND) during a phone call, Xi Jinping asked WHO Director Dr Tedros to withhold information about a person-to-person transmission of Coronavirus and to delay a pandemic warning.

    Note: Coronavirus was being spread in October of 2019.

    Liked by 2 people

  7. carthoris says:

    Restoring the economy is important, but not nearly as important as restoring the Bill of Rights. The Founding Fathers would disown America.

    Liked by 11 people

  8. carthoris says:

    “One of the ways to hold Beijing accountable is to retract all U.S. business interests and decouple from China. … … Once assembled, many people suspect President Trump will initiate very strong policies against China (including tariffs) simultaneously timed with tax incentives for U.S. companies to return manufacturing back to the U.S.”

    Men ought either to be indulged or utterly destroyed, for if you merely offend them they take vengeance, but if you injure them greatly they are unable to retaliate, so that the injury done to a man ought to be such that vengeance cannot be feared.
    – Niccolo Machiavelli

    Liked by 5 people

  9. T2020 says:

    Herr Cuomo just extended our imprisonment another fkn month. Not sure how MTA-MNR is surviving with ridership down 95%. God help us!!!

    Liked by 1 person

    • islandpalmtrees says:

      Cuomo is responsible for allot of deaths in the nursing homes. He should be charged with mass murder.

      Liked by 8 people

    • dallasdan says:

      He is doubling-down on getting a federal bailout. Look for the same in CA, WI, MI, NJ, PA, and IL, three of which are legitimately arguable as must-win states for the President to be reelected.

      I will be highly surprised if a massive bailout does not occur. The President has said there must be “conditions,” but the Dems have the most leverage. JMO

      Liked by 1 person

  10. Nashville says:

    I work for one of the last portable fan manufacturers in America.
    I’m a dual department head, metal fabrication/ welding and the painting operations.
    We are running 120% to fill orders. Lowe’s and Target import all their fans from China and seem to be banging on our door for product.
    Suddenly a 58 year old dinosaur like myself has knowledge that is in demand.

    Liked by 26 people

    • Good to know, I need new house fans and will be watching for made in the USA labels!

      Liked by 3 people

    • Rj says:

      A company like that can grow leaps and bounds because every fan on the market is junk and even Honeywell has degraded their fan quality.
      I have a 15 yr old Honeywell that can blow a match out from 40 ft away. The new model of the same fan can’t blow a match out at 10ft. American ingenuity needs to be reinvigorated from everyday small companies once and for all.

      Liked by 6 people

      • Jan says:

        Thank you for talking some sense. We’ve been trolled extensively tonight. We have the ability to get back to economic & national security, bring industry back home, & get quickly restored IF WE DO NOT VOTE FOR DEMOCRATS this fall. They want us to fail.

        GFY Democrats.

        Liked by 4 people

    • WSB says:

      Dang! Will look your company up on line! Want one!

      Like

    • GB Bari says:

      Whats the brand name? I happen to need a fan!

      Like

    • Perot Conservative says:

      I bought a coffee pot from China; broken in weeks.

      Tuperware-like products made in China degrade after 1-2 years; I still use a Rubbermaid USA product after 30 years. Solid.

      Tanzania just rejected faulty Chinese PPE products.

      Liked by 4 people

  11. litlbit2 says:

    Imho, if President Trump asks the American Forgotten Man to return to work, he and she will be all in, in the fastest redeployment ever seen. Just like the DNC has destroyed itself along with the Obama Administration, the Soros Empire, WHO, CDC, Gates, MSM Networks so has China. These very evil ego driven people will remember this Hoax and their wave of deadly panic for years to come. They have erred massively as the response will come from the place they overlooked. “Ask and Ye shall receive” 🙏🙏🙏🇺🇸🇺🇸🇺🇸🇺🇸

    Liked by 9 people

  12. hokkoda says:

    I would add that at no time in recent history has the American public been so unified in its disgust with the CCP.

    Liked by 9 people

  13. Mary says:

    If Trump could sell President Xi on adopting his (Trump’s) National Shutdown Policy with Social Distancing for China to fight the virus, China’s economy could be demolished real fast. Just like our was.

    Liked by 2 people

    • fangdog says:

      There are too many people in China for “Social Distancing”. You would have people falling off into the ocean.

      Liked by 4 people

    • GB Bari says:

      China won’t mind at all losing 5% of it’s population while the rest gain immunity.
      Don’t think they would go to any great lengths to save every last person like we do (except in New York City.)
      They have already been telling their citizens to return to work.
      Communists stick to their Plan; they rarely have other options.

      Like

  14. Mike Lee DelMarcelle says:

    The thing nobody mentions are all the businesses in THIS country owned by China. Lots of things we buy in this country, that are produced here are owned by and sending revenue to China. Smithfield foods is one for example. We should not be doing business with communist countries nor should they be allowed to hold business interests here.

    Liked by 9 people

  15. hawkins6 says:

    I was watching a Global News report about the permanent closure of 5 Army and Navy Discount stores in B.C. and the loss of 83 jobs in Justin’s Trudeaupia. The emphasis was more on the loss of the “iconic 103 year-old chain” of stores than the loss of jobs. I’m not sure if Chrystia Freeland is in charge of the recovery. One thing is certain it will not be a match for the USA team.

    But the news report also hit on one of the major concerns I have had about the “new economy” in the USA and most other countries. The despicable need to “social distance” ourselves from another human being will definitely further encourage all companies to automate if it is possible to replace their vulnerable assembly line workers and other humans employed in any manufacturing job.

    As Peter Navarro said, “I’ve seen GM stand up a factory in 17 days…I’ve seen Honeywell build factories in 5 weeks…” How long will it take these newly motivated “innovators” to replace millions of workers with robots that don’t give a “darn” about social distancing? Computer viruses are not yet as deadly or disrupting as Fauci Coronaviruses. Automation will create a greater challenge after Covid-19 for POTUS’s economic team but retracting every possible company from China will help.

    Liked by 1 person

    • WSB says:

      Maybe. But someone needs to design, build and maintain the ‘automation’.

      Liked by 1 person

      • hawkins6 says:

        Very true WSB.
        That is why Ivanka’s worker’s skill’s training efforts with committed companies is so important for those that might be replaced. It also reduces the pressure or excuse to admit skilled foreigners with work visas to fill the changing job descriptions.

        Before Covid-19 there was already a shortage of skilled tradespeople, instrumentation techs etc. How it will play out in the end is not yet fully known.

        Liked by 2 people

        • WSB says:

          Every time we have had a disruption in our working economy, trades and expertise shifts…we will keep on doing that unless AI succombs us. I doubt that for a bit.

          For every job loss at one craft, there will be new or renewed interest in another craft.

          Tonight, I saw a restaurant that reallized their dining room would not be filled again, so they have resurrected TV signature Dinners!!!!!

          Who knew?!

          Liked by 3 people

          • Zabadak says:

            WSB you are correct. This is not a zero sum game. One of the bedrock gems of free enterprise in a capitalistic economy….innovation through entrepreneurs.

            Liked by 2 people

    • spren says:

      That is a remarkable point that will take some time to percolate up into the conventional public understanding. Artificial Intelligence, despite conventional wisdom, was still a far and remote thing from coming into prominence. But this will certainly hasten its arrival. Its precursor, robotics, will certainly be accelerated now. The paradigm shifts being generated by this “pandemic” are far reaching and will be difficult to discern in the short term. But dramatic changes are coming, and probably much sooner than any of us had anticipated.

      Liked by 1 person

      • hawkins6 says:

        “But this will certainly hasten its arrival.”
        Agreed spren. The Trump economic team is undoubtedly aware of this and will hopefully adapt and prepare workers for the changes. As I said in my other reply to WSB, Ivanka’s been focused on this important issue.

        Like

  16. stats_guy says:

    I have to confess I’m disappointed that they are backing off a V shaped recovery….but I know they are probably right. I think there’s two forces….people are afraid…but people are anxious to get to work, get shopping, go to restaurants.

    I have been looking at the CDC website for data on ‘excess deaths’, which at this point I think is the best metric of the actual impact of SARS-2.

    https://www.cdc.gov/nchs/nvss/vsrr/covid19/excess_deaths.htm#dashboard

    this shows the data from 2017 weekly (scroll down) For the country as a whole the excess deaths for the last several weeks look pretty much in line with what is generally being reported.

    But…drill down to the state level. Much different stories for the different states. Big problem area..NYC. This is a NYC driven problem. Many of the states have excess death rates at or below the winter of 2017.

    Now I’m not minimizing the issues…after all this is with a lockdown in place. But some think that lockdowns don’t do much good. My basic complaint is that the fear in the above equation is largely due to the agitprop press hysteria.

    Since we’ve seen first hand their total lack of integrity I think we can assume that the motive is, as usual, bring down Trump…and punish the deplorables that voted for him so that they never rise up again

    Liked by 6 people

  17. spoogels says:

    Why Shut Down? COVID-19 Infections Would Plummet If 80% Of Americans Just Wore Masks According To Study

    https://www.zerohedge.com/health/why-shut-down-covid-19-infections-would-plummet-if-80-americans-just-wore-masks-according

    Like

    • spoogels says:

      Despite what the World Health Organization and Dr. Anthony Fauci tell you, a new study has concluded that if 80% of Americans were to wear a mask, COVID-19 infections would drop by more than 90%.

      Like

      • fangdog says:

        A “new study” by whom?

        I have also seen “studies” where it is claimed masks are of little use when it comes to Corona virus prevention.

        Liked by 3 people

        • If masks were so great then why weren’t people forced to wear a mask and we just kept our economy open??? If masks are so wonderful then why don’t governors just open up their states and force everyone to wear a mask? My hypothesis is that masks are imperfect because the people who are forced to wear them are imperfect. I have read many times on this forum that the weave on N95 masks is bigger than the CV19 virus. That means that the CV19 virus can pass through the mask. It’s funny how that “article” came out right when people are being set free from their local tyrannical dictators. I AM NOT GOING TO SUBMIT TO WEARING A MASK. I do not care how much propaganda you throw my way.

          Like

          • annieoakley says:

            New study by MIT hailed incessantly on Friday radio Fox News saying the virus can travel 27ft. I cant’ find ONE word about this anywhere on the ‘news’ or internet.

            Like

      • zorrorides says:

        Oh noes! Oh noes!

        Sure the cases are dropping down now
        The curve is getting thin
        But oh folks it’s no to go downtown and
        We can’t just give ’em the medicine

        Oh noes! Oh noes!

        Epidemic it just start again
        You got to listen to me
        You got to trust yer government friend
        We can’t just give ’em the medicine

        Oh noes! Oh noes!

        Bad virus will it come ‘round again
        We can’t just give ’em the medicine
        Oh noes!
        I ain’t felt this bad since a quarter past ten
        I wish they give me a preventative
        Oh noes!
        It goes down easy like quinine and gin
        We can’t just give ‘em the medicine
        Oh noes!
        You got to trust yer government friend
        We can’t just give ’em the medicine

        Oh noes!

        Like

    • teabag14 says:

      I read the article more than once. I saw no compelling factual information. Supposition & insistence, yes, but no real information as to how or why this would be the case. But I’m all in. Y’all go ahead. I’ll be part of the 20%. As regards physical distancing, I probably still would be part of the 20%. My experience & observation have shown me that people who wear masks are extremely inconsiderate of others by ignoring distancing. I’ve also observed that most people who wear masks constantly contaminate their masks by touching them with their contaminated hands. This virus is spread like any other virus: by public health menaces sneezing & coughing without covering those disgusting expulsions, or by sneezing or coughing into their hands & then touching stuff that others come along & also touch. The common wisdom to avoid viral infection has long been to keep your contaminated hands away from your face, wash your hands frequently, & stay home from work when you are sick. But that isn’t generally what most of us do, is it?

      Liked by 2 people

  18. cherokeepeople says:

    saw an ad for facemasks the other day.pack of 10 for 20 bucks they proudly said “shipped from america”i was like why not say where they were made???i bet 100 dollars it was china.fudge them.we need to pull out all manu and slap some tariffs on em.every country needs to do this china would implode.

    Liked by 4 people

  19. dallasdan says:

    My former colleagues on Wall Street are frightened by and aggressively against de-coupling from China, but they understand it is a winning, long-term strategy that will energize our economy after the chaos of decoupling is resolved. They just want to avoid the discomfort resulting from the restructuring of global markets in the short-term.

    Like

    • zorrorides says:

      I think they gotta take their medicine friend

      Liked by 4 people

    • WSB says:

      Can’t they take the pain for once? Step up. Realize that they can trash their production lines in the CCP. Demand Immediate R&D for new more automated lines in the US…and just DO IT.

      For God’s sake!

      Liked by 1 person

      • dallasdan says:

        Their compensation is largely tied to equities’ price performance. I doubt that any of them are willing to accept a dip in high capitalization stocks/portfolios due to short-term declines in corporate earnings resulting from a decoupling with China. They are a greedy lot.

        I am not defending them, just making an observation based upon historical behavior. I soured on the Wall Street environment and left after only four years.

        As SD has frequently opined, Wall Street and Main Street are competing entities.

        Liked by 1 person

    • GB Bari says:

      I have said this before.
      If your friends cannot figure out how to adjust and adapt to the Main Street economy and make money with mostly American-based manufacturing businesses, they just aren’t as smart as they think they are.

      Liked by 4 people

    • Tell your friends that 31 million people in 60 days are experiencing the discomfort of Chi-Na restructuring the economy of the USA. So if we, the 31 million, can take it for the team then they should be able to do so as well. Sorry to sound so snarky but I am mad at what Chi-Na and my idiot governor did to us.

      Like

  20. TreeClimber says:

    We went to Walmart today (we’re going every couple of days now, hoping to catch in stock what we need – they’re selling out quickly but restocking quickly as well; we were lucky enough to find TP at Sam’s the other day.) They were busy. Seeing fewer and fewer masks, despite increasing signage requesting them. (It was interesting to note the demographics that were and were not wearing masks.)

    The outlet mall had a hearteningly full parking lot; when we passed by Chili’s they were flagrantly flouting the current EOs from the governor – I don’t know about their inside dining, but their patio was absolutely packed. I saw a comment today from a facebook friend who works at a beauty studio, that “[they] all wanted so much to get back to work.”

    Many, many Americans are tired of this crap.

    Liked by 5 people

    • teabag14 says:

      I was at Walmart shopping today also. As Sundance warned, protein was downright scarce. Fresh produce was plentiful for the first time in two weeks. Staples like rice were still sparse. To retaliate I hoarded a brand of lemonade I like. I did it on purpose & I am not sorry.

      Like

    • Janie M. says:

      Tree, no TP at my Walmart today. So, I stopped in at Target, found it there (18 mega-roll packs). There was a limit of 1 per customer but I had already picked up another 12 mega-roll pack (again, limit of 1) at my Osco Pharmacy, so I was happy. Will repeat my rounds in about another few days, so I get a sufficient supply…. just in case we encounter another shortage. Oy!! 🙄😟

      Like

      • TreeClimber says:

        1 pack from Sam’s holds my family for awhile, luckily, so we should be fine for awhile.

        Liked by 1 person

        • Janie M. says:

          I’m trying to figure out WHAT made the demand for TP to skyrocket…. hoarding? It’s not as if our population suddenly grew exponentially. Is there also a paper mill shortage on the raw materials used to create TP? Haven’t seen any articles to this effect.

          Like

  21. jimincalif says:

    Even when businesses are “allowed” to reopen, many are going to be held back by restrictions that make them unprofitable (e.g. restaurants don’t make money at 25% capacity). Virtually all businesses are scared of the unknown legal liabilities associated with reopening. Will insurance defend them from employee lawsuits when employees get sick? I can see the lawyer’s ads on TV, “did you contract COVID-19 at work? You may be entitled to compensation, call 1-800-SUE-THEM.” Democrat governors, leftist local county health bureaucrats, and the trial lawyers (who provide plenty of democrat campaign cash) are working to keep us and the economy down, regardless of the consequences to humanity. We are so screwed. This is going to continue until November 3rd.

    Liked by 4 people

    • spren says:

      I can’t even begin to imagine how many ambulance-chasing lawyers are just chomping at the bit of how many new opportunities they are going to have coming out of all of his. There are so many things to be addressed, but tort reform has to be near the top of the list.

      Like

    • GB Bari says:

      President and his entire team have repeatedly committed that liability for people getting infections will NOT be a concern for businesses to re-open. I’m guessing the business will need to take certain precautions, but apparently that will be written into whatever new orders they are preparing for the President to announce and sign.
      I don’t know how that will be written or accomplished, but every member of the Presidents economic team have said that in interviews.

      Liked by 1 person

      • jimincalif says:

        I’ve heard that, but I’m not sure it can be done by executive action (although the whole lockdown’s been done by executive action). If legislation is needed, the Dems are going to stand in the way.

        Like

  22. California Joe says:

    If Barr finally arrested some of the coup players the Coronavirus dumpster fire would slip away into the old news bin of history!

    Liked by 6 people

  23. pyromancer76 says:

    Do not be afraid. Get back to business – and be mindful. Most youngsters if they get a little ill will simply be out for a few days with the flu. For oldsters if you get the damn thing, there is zink+HCQ+and antibiotic if needed. If more treatment is necessary all our hospitals and medical centers are in top shape. If you need a different medicine, then get a different one. (Remdesivir barely works.)

    Masks work to lighten spreading of the viral load, so they are helpful as long as we need them – or want them. It will be a long haul before this new, infectious virus is “normal” in our society, but there is no reason not to get back to work – except for commie governors who are out to destroy American society and the freedoms we enjoy..

    Liked by 3 people

  24. bessie2003 says:

    It doesn’t help that the Democrat party wants us to be beholden to their foreign allies, whether China or the EU and have the majority of the world media and elementary through college teachers/professors all backing this push to weaken our nation.

    It’s a strange self-loathing that has taken hold of half our population and explains why they fear and hate the concept of MAGA.

    Push China too hard, too fast, that’s how hot world wars get started so there’s definitely a delicate balance of give and take to give our industries time to build here at home.

    Like

  25. Perot Conservative says:

    A few more items to consider.

    – election year a tough time to go gonzo. Will POTUS go tough now, and gonzo after the election?
    – the West Coast refuses heavy manufacturing. I believe California, the 6th largest economy in the world, has no steel or aluminum plants. (I believe the plant outside LA, used in the Terminator movies, is closed.)
    – Liberals claim to support blue collar jobs, but then block them. California now chasing their last car company, Tesla, out of the state.

    Like

    • Perot Conservative says:

      P.S. I’ve read articles saying the ChiComs won’t let companies leave, and won’t let them transfer funds out!

      Liked by 1 person

      • Janie M. says:

        “P.S. I’ve read articles saying the ChiComs won’t let companies leave, and won’t let them transfer funds out!”
        PC, that’s what happens when you make a pact with the devil. Figuratively speaking, it owns them lock, stock and barrel.

        Liked by 1 person

  26. There are some very sharp folks working on projects to help re-onshore manufacturing facilities in “Trump time”. Some of these teams have created innovative approaches to couple automation, state of the art controls and manufacturing knowledge to rapidly scale up production.
    Can’t name names b/c of proprietary info, but another instance with which I am familiar is designed to rapidly move to mass production for APIs and vaccines.

    So at least some companies are eager to help Navarro.

    Like

  27. Larry says:

    Another point to reflect on is Saudi Arabia.

    With the current state of global over-production of oil, this is the first time since the 1960’s-1970’s where a civil war in Saudi Arabia can be managed by the global markets.

    Like

  28. PCS says:

    It will take a couple of years to build up the manufacturing capacity just to simply provide spare parts for the logistics chain.

    Adding in the other several thousand layers?

    We have troubles too.

    A glide path needs to be sustained as long as necessary.

    Like

  29. HeLLINaHandbasket says:

    🐼MASK ( hides ) CHINA🐲

    >>> But that mask started to slip once VSG POTUS DJT rode into town, and when they weren’t looking, he grabbed that mask, ripped it off, threw it on the ground, stomped all over it, pushed it out into the street, ran it over with a tank, lit it on fire, and kicked it to the gutter – and there it sits today, scorched, torn and flattened, facedown in the putrid drain water running out to sea.

    . . . and it is good.

    #MAGA

    Like

  30. donnymo says:

    This will be the issue that ultimately defines the 2020 election.

    Once the task-force/committee comes goes on national TV with President Trump and lays out the case that the Communist Chinese knowingly poisoned the world the battle will be on.

    A large round of tariffs, banning Chinese students, etc, the opening volley will be HEAVY. The corporate media and Biden will align behind the Chinese. Battle lines drawn.

    John Durham and Tara Reade have a large part to play in this as supporting actors…to what extent we cannot know just yet.

    Like

  31. dave casper says:

    All of us, don’t buy made in china, problem solved.

    Like

  32. scrap1ron says:

    Just got back from Walmart & Tops Market in WNY. Pasta is scarce. Tops had 10 lb. bags of Perdue chicken leg quarters on sale for 69 cents per lb. so I bought a bag. There are two package limits on beef and pork. Ground beef is only being sold in 1 lb. packages instead of bulk. No corn meal or grits to be found any where. I miss my polenta, corn bread, and hush puppies!!!! Masks are still mandatory to get in, and the county sheriff claims the store can charge you with trespassing for not complying. So of course, being that I’m fluent in several dialects of A-hole, i wear my “Don’t Tread On Me” neck gaiter with my nose uncovered *hey, my glasses are fogging up and it restricts my breathing*; not to mention I never did receive any “mask training”. I jay walk the one-way-aisles too. Out of 135,000 people in my county only 40 total cases, 4 deaths, 7 active cases, 29 recovered. How many virus cases in the hospital you ask? No one in authority is willing to answer, must be a national security issue.

    Liked by 1 person

  33. Democrat Party and China are working together to destroy President Trump! says:

    Stop watching MSNBC, CNN, NBC, ABC, CBS, etc. These are all Democrat Networks. All they are doing is LYING to their Democrat and Republican viewers. These Fear Mongers are purposely scaring people about the virus. (Covid-19) That’s why people call them FAKE NEWS! If you want to learn the truth, watch only FOX NEWS. This is the only Republican Network on the air that will tell you the truth. The crooked and corrupt Democrat Party and Democrat Media are trying to overthrow President Trump’s Presidency. They won’t stop lying to you until they get their wish, which is getting President Trump out of office even though President Trump has done the most for this country than any other President. China is responsible for this horrible virus and because of that President Trump had to close our country. Now worthless, Joe Biden is blaming President Trump for the unemployment. What an EVIL person Joe Biden is, all he can do is stay hidden and use this virus as a excuse. Please vote for President Trump for 2020.

    Like

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