National Economic Council (NEC) Director Larry Kudlow held an impromptu press conference to describe what sectors of the U.S. economy may need direct financial assistance to bridge revenue gaps from mandated government policy. The stock market is not the U.S. economy.

Calling this type of financial assistance a “bailout” is not a fair term considering the financial impact was created by government instruction.  Government orders to shut down restaurants creates a financial loss for restaurants who also have bills and payroll obligations to meet.  These types of affected businesses will need immediate assistance.

Airlines, hotels, resorts, private parks, gyms, restaurants and various entertainment companies/industries may also need a direct infusion of cash or deferred tax payment to compensate for financial losses.  Again, these businesses have been impacted by government ordering their closure. Depending on the size of the business, the need for gap funds may be urgent.

(more…)

Almost everyone who researched the substance behind Rod Rosenstein and Robert Mueller’s heavily promoted Russian indictments knew the underlying claims were centered on the thinnest of evidence.

A few Facebook memes were used to accuse Russian company Concord LLC of violating FARA and FEC election laws.

In July,2018, Robert Mueller asked a federal judge in Washington for an order that would protect the handover of voluminous evidence to lawyers for Concord Management and Consulting LLC, one of three companies and 13 Russian nationals charged in a February 2018 indictment. They are accused of producing propaganda, posing as U.S. activists and posting political content on social media as so-called trolls to encourage strife in the U.S.

Indeed, to an incurious media, a Russian catering company posting Facebook memes might sound like a good justification for a vast Russian election interference prosecution; however, when Concord & the accused Russians show up in court and request to see the evidence against them, well, the prosecutors might just have a problem.  It’s that problem that dogged the Mueller prosecution since 2018.   Today, predictably and finally, the DOJ dropped the nonsense case (full pdf below):

(more…)

San Francisco has skipped the interim mitigation efforts and has announced a forced quarantine of all residents inside their homes 24-hours-a-day for the next three weeks.

A totalitarian dream.  All residents must remain confined inside their homes or residences and no-one will be permitted outside except for emergency services or monitored visits to the grocery stores.  The order remains in effect until April 7, 2020, and may be extended.

CALIFORNIA – [….] Mayor London Breed announced what she calls a “defining moment” in U.S. response to the pandemic. Beginning at 12 AM, all residents within the city can only leave home for doctor’s appointments or runs to the grocery store.

It’s the strictest new policy enacted in the nation, and matches the current rules in Italy … which has been the 2nd hardest-hit country in the world.

(more…)

In 2017 Canadian Prime Minister Justin Trudeau famously mocked the U.S. effort to restrict migration by saying Canada welcomes all refugees. However, apparently in 2020 diversity is a Canadian strength, unless there is a possibility a person might be germy.

CANADA – Prime Minister Justin Trudeau announced on Monday that Canada will be closing its borders to foreign travellers in an attempt to limit the spread of the novel coronavirus.

Speaking to reporters from Rideau Cottage in Ottawa, Trudeau said Canada is taking “increasingly aggressive steps” and will be closing its borders to people who are not Canadian citizens or permanent residents of Canada.

(more…)

Vice-President Mike Pence and the COVID-19 task force will be holding a press briefing from the White House at 3:30pm ET.  Livestream Links Below

WH Livestream Link – Fox News Livestream Link – CSPAN Livestream Link

(more…)

White House trade advisor Peter Navarro appears on CNBC to discuss the White House’s response to the coronavirus outbreak, and the administration’s plan to help stimulate the economy.

Navarro gives examples of the public-private partnership working together with logistics of getting critical supplies distributed; also Navarro discusses the importance of timely and targeted stimulus measures.   Additionally, Navarro outlines the construct of a likely executive order to shift medical supply manufacturing back to the U.S.

(more…)

National Economic Council Director Larry Kudlow discusses what economic options the U.S. government has to mitigate and assist businesses and individuals dealing with the financial impacts of coronavirus.

.

Note to Mr. Kudlow: Do not trust Dr. Anthony Fauci.

Fauci is a purposeful panic seller. His goals are not the administrations goals.

(more…)

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Stephanie Grisham Twitter @StephGrisham45

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

The Big Apple is about to get very interesting…  A dense, mostly liberal population, all bound up in close proximity, now instructed by executive order and forced mandatory compliance, to essentially shut down.  [Link to NYC Press Releases]

New York Mayor de Blasio – “Our lives are all changing in ways that were unimaginable just a week ago. We are taking a series of actions that we never would have taken otherwise in an effort to save the lives of loved ones and our neighbors.

Now it is time to take yet another drastic step. The virus can spread rapidly through the close interactions New Yorkers have in restaurants, bars and places where we sit close together. We have to break that cycle.”

Effective tomorrow, March 16, New York City schools will close.

“Tomorrow, I will sign an Executive Order limiting restaurants, bars and cafes to food take-out and delivery. Nightclubs, movie theaters, small theater houses, and concert venues must all close. The order will go into effect Tuesday, March 17 at 9:00 AM.”

(more…)