As millions more go unemployed, AOC proposes a work strike, and Andrew Cuomo proposes that people get jobs in essential industries. We learn that the first American death could have been weeks earlier than previously supposed, and President Trump undercuts Georgia s governor on reopening. Today s show is sponsored by ExpressVPN. Protect your data from prying eyes at ExpressVpn.Protect your privacy at Parcast.org/ProtectYourData. To find a list of our sponsors and show-related promo codes, go to gimlet.fm/OurAdvertisers. To get 10% off your first month with discount code CHGOLD at checkout at markdown.co/CHGOLD and receive $10 OFF your first purchase when you enter the discount code: CHAMPION10 at checkout! To protect your hard-earned savings, get your free emergency kit today. Text "ELISSA" to 474747 and get a FREE emergency kit! You have nothing to lose to take that first step, you just have to wait until the market drops more. Ben Shapiro Subscribe to my new podcast, The Ben Shapiro Show, wherever you get your shows delivered, to become a supporter of the highest quality, highest-rated show on quality and consistently reliable sources of content, including A.S. and social media, including blogs, social media and the latest podcasts, and everything else you can do to help spread the word about it everywhere you go, everywhere you get the most of it. Subscribe and subscribe to my show becomes more like it! I'm not going to be able to do it anywhere else but I'm going to get more of that, I'll get a better of it, I'm listening to it, like that, right in the chance to hear it, more of it and I'm watching it, and I'll hear it on my stuff, I won't even get it, right like it's a better than that, like it, you'll get it on it, no less like that I'm a real world experience, right on it's not less of it? Thank you, Mr. Ben Shapiro, right at it's more like that's not even a chance to be it, real thing, and other things like that s not even better, right to it's that s a real thing like that right like that is not really like that etc. etc., etc. etc. v=eeeeeeeeee
00:00:00.000As millions more go unemployed, AOC proposes a work strike, and Andrew Cuomo proposes that people get jobs in essential industries.
00:00:07.000We learn that the first American death could have been weeks earlier than previously supposed, and President Trump undercuts Georgia's governor on reopening.
00:00:15.000Today's show is sponsored by ExpressVPN.
00:00:23.000Protect your data from prying eyes at expressvpn.com.
00:00:29.000Now, you may have noticed the economy is a trash heap right now, and you may have also noticed that the government is spending oodles and oodles and oodles of dollars, which means that now would not be a bad time to get into the precious metals market.
00:00:38.000The fact is the stock market's going to be up, it's going to be down, but one thing you know is that the government is never going to pay off this debt, which means that having diversified into precious metals, probably a pretty smart idea, would have been smart to do that months ago, still smart to do it now.
00:00:49.000You should go talk to my friends over at Birch Gold if you're interested in at least putting some of your money in precious metals to protect against inflation and future risk and uncertainty.
00:00:57.000Over 22 million people have lost their jobs.
00:00:58.000We're now up to 26 million people as of today.
00:01:00.000From the economic fallout of coronavirus, we don't know the long-term impact of this many workers being displaced once again.
00:01:05.000Diversifying into precious metals is not a bad idea.
00:01:08.000Before May 31st, with a qualifying purchase, Birch Gold will actually give you a free emergency kit too, which is kind of a fun giveaway.
00:01:13.000The backpack is absolutely loaded with the things you can't buy right now.
00:01:16.000So safeguard your savings with Birch Gold, and they will help safeguard your family the same way they have mine and so many others.
00:01:59.0004.4 million more workers have now filed for unemployment.
00:02:01.000So we are now up to 27 million workers in the past month and a half, five weeks, filing for unemployment.
00:02:08.000The relentless increase in the jobless has intensified the debate over when to lift restrictions, according to the New York Times.
00:02:12.000State agencies are scrambling to handle the overwhelming flood of filings, as well as set a set of federal eligibility rules instituted to deal with the crisis.
00:02:21.000A lot of these offices are understaffed.
00:02:23.000In a survey the Pew Research Center released on Tuesday, 52% of low-income households below $37,500 a year for a family of three said someone in the household had lost a job because of coronavirus, compared with 32% of upper-income families.
00:02:40.00042% of families in the middle have been affected as well.
00:02:42.000People without a college education have taken that disproportionate hit, as have black and Hispanic Americans.
00:02:47.000So for all the talk about how The people who are calling for a reopening are out of touch with the common man.
00:02:52.000It's the people who are not calling for a reopening who are out of touch with the common man, right?
00:02:55.000They are out of touch with people who are actually losing their jobs.
00:02:57.000Very easy for people on CNN to sit there and militate against people going back to work or being allowed by the government to go back to work.
00:03:04.000A lot more difficult when you actually have to go back to work to go out there and feed your family and support your family.
00:03:11.000If you want to determine who is out of touch, determine who has a job who's currently calling for everybody else not to be able to go back and get a job.
00:03:17.000Now, I want to get into the business side of this, the economic side, the shutdown side of this in just one second.
00:03:24.000First, we have to bring you the statistical updates.
00:03:26.000There are a couple of pieces of news that are somewhat interesting.
00:03:29.000First of all, we now know that coronavirus was spreading fairly widely in the United States well before anyone really suspected.
00:03:35.000According to the New York Times, by the time that New York City confirmed its first case of coronavirus on March 1st, thousands of infections were already silently spreading through the city.
00:03:42.000A hidden explosion of a disease many still viewed as a remote threat as the city awaited the first signs of spring.
00:03:47.000Hidden outbreaks were also spreading almost completely undetected in Boston, San Francisco, Chicago, and Seattle, long before testing showed that each city had a major problem, according to a model of the spread of the disease by researchers at Northeastern University.
00:03:59.000Even in early February, while the world is focused on China, the virus is not only spreading in multiple American cities, It was seeing blooms of infection elsewhere in the United States.
00:04:09.000cities as of March 1st, there were only 23 confirmed cases of coronavirus, but according to the Northeastern model, there actually could have been about 28,000 infections in those cities by then.
00:04:17.000Now, that's bad news because it means that we didn't detect this thing as quickly as we should.
00:04:21.000It is good news in the sense that a lot more people have had this thing than we already thought and didn't even know it at the time, right?
00:04:26.000And antibody tests continue to show that a huge number of people who never were Diagnosed with coronavirus have already had coronavirus in the first place Which means that the case fatality rate of this thing is again way lower than we have been led to believe It is probably in my opinion somewhere between 0.2 and 0.6 percent.
00:04:42.000It is not 3% It is not 4% It is not 13% or 11% right now in New York City If you just look at the number of deaths over the number of diagnosed cases You're looking at something like 10% or 11% if you look at the actual number of cases that have happened Right, asymptomatic cases, cases where people have antibodies but never were actually diagnosed with coronavirus in the first place.
00:05:01.000Every single study done shows a high multiple of that, in terms of the number of people who actually had this thing, right, and were asymptomatic.
00:05:08.000Now, the bad news about that is that asymptomatic people are the ones who are most infecting people, because you're going around, you don't know that you have a problem, and you are infecting everybody else around you.
00:05:17.000This makes testing regimes, particularly in high-population areas like New York, extremely vital, right?
00:05:23.000This is why, when people talk about testing, Testing is designed to prevent the hotspots from flaring up.
00:05:27.000I've pointed this out many, many times.
00:05:30.000Flattening the curve is designed to prevent overwhelming the healthcare system.
00:05:33.000Testing is basically a variation of that.
00:05:35.000Testing, widespread testing, is not designed to prevent everybody from getting the disease.
00:05:39.000The general idea is that over time, many people will get the disease.
00:05:42.000We're basically buying time for people to come up with therapeutics, is really what we're doing here.
00:05:45.000Two things, to build up medical capacity and buy time to come up with drugs that actually work better against coronavirus.
00:05:50.000Those are the two things that we are doing right now.
00:05:53.000And testing regimens basically allow us to identify when a hotspot has emerged and then contact trace those hotspots.
00:05:59.000But the idea that We are going to be able to fully go back to American industry, or that even with the lockdowns lift, that we are going to see a V-shaped recovery, that people are just going to go back to bars, people are going to go out to nightclubs, people are going to go back to their normal lives.
00:06:14.000Now, again, it is important to recognize the differences in population here.
00:06:19.000The Fox News has an analysis of the people who have died in New York City.
00:06:26.000And here's what, and they're quoting a study from the Journal of American Medical Association, JAMA, which is sort of the industry standard.
00:06:31.000A new study by a medical journal revealed that most of the people in New York City who are hospitalized due to coronavirus had one or more underlying health issues.
00:06:38.000Health records from 5,700 patients hospitalized within the Northwell Health System, which houses the most patients in the country throughout the pandemic, show that 94% of patients had more than one disease other than COVID-19, according to JAMA.
00:06:49.000Data taken from March to early April showed that the median age of patients was 63 years old, and 53% of all coronavirus patients suffered from hypertension, the most prevalent of the ailments among patients.
00:07:00.000Now, I've talked to Dr. Marty McKaysey from Johns Hopkins, and he suggests that hypertension doesn't exist alone, that usually when somebody has hypertension, that person also has a second condition, and the second condition is really the one that's a problem, not the hypertension.
00:07:11.000So, obesity is a condition that has great overlap with hypertension.
00:07:17.000Diabetes has great overlap with hypertension.
00:07:21.00042% of coronavirus patients who had body mass index data on file suffered from obesity.
00:07:25.00032% of all patients suffered from diabetes.
00:07:28.000Data gathered from 2,600 patients who either died or were discharged from the hospital showed 12% were placed on ventilators, and of those who were, 88% of them died.
00:07:35.000So for all the focus on ventilators, if you were put on a ventilator, basically your odds of getting out of the hospital were about 10%, 12%, which is really bad odds, right?
00:07:43.000So when we're talking about ventilators, we're talking about Significant but marginal increases in life possibility.
00:07:49.000But once you hit a ventilator, you were in very, very serious trouble.
00:07:52.000We also now know that coronavirus deaths in the United States are largely happening at nursing homes.
00:07:57.000According to the Wall Street Journal, the number of U.S.
00:07:59.000coronavirus-linked deaths in long-term care facilities, including nursing homes, has clipped 10,000.
00:08:04.000As nursing home owners said, they are struggling to access the testing they need to detect and curb outbreaks.
00:08:09.000A growing number of state health departments are reporting data, including fatalities, linked to facilities that primarily house older people who are often in frail health and particularly vulnerable to infection from the new coronavirus.
00:08:19.000Some states still have not actually reported data on deaths in such facilities, but it seems like these places are the death traps for coronavirus, which makes perfect sense.
00:08:25.000You have a bunch of people who are very vulnerable in a closed space, not going out into open air very often and breathing all over each other because it's an enclosed space.
00:08:34.000One thing that summer and spring should do, and this is why it's so idiotic for governments to shut down parks, it really is moronic, as long as people are socially distancing, parks are the best place in the world for people to be.
00:08:43.000People being inside small, crowded areas is the worst place for people to be.
00:08:47.000I mean, this is what happened with Chris Cuomo, right?
00:08:49.000Chris Cuomo at CNN, he had coronavirus.
00:08:56.000But the vast majority of coronavirus infections that are happening, at least according to Chinese studies, are happening in small enclosed areas.
00:10:04.000What sort of people should be going back to work?
00:10:06.000And yes, it is vital to go back to work, because if nothing changes, if this is the new status quo, we're going to have to figure out how to work within this status quo, because what is happening right now is completely unsustainable.
00:10:14.000And as we'll see when we talk about reopening this thing, when you hear from politicians things like, well, if you just save one life, that argument is the last refuge of the political scoundrel.
00:10:24.000Single-factor analysis is the enemy of good sense.
00:10:27.000Single-factor analysis is the enemy of good sense.
00:10:30.000If all you are saying is, if we save one life, that makes for the worst public policy in the entire world.
00:10:35.000Because if you just save one life, it is the policy that leads you to get rid of cars, it's the policy that leads you to never go out from your house.
00:10:39.000It's the policy that leads you to never go out from your house.
00:10:43.000If you just save one life is not the only question here.
00:10:47.000There's also the question of quality of life, of freedom, of relationships, of how you live your life.
00:10:52.000I mean, it seems to me that there are two very serious questions.
00:10:57.000One is death, obviously, but the other is quality of life, which makes a difference to people who are alive, which is going to be the vast majority of people who even get COVID-19.
00:11:05.000The vast majority of people who get COVID-19 are going to live.
00:11:07.000What is quality of life like for the 329 million people who are not going to die of COVID-19, right?
00:11:13.000Out of 330 million people, 329.5 million people are not going to die of COVID-19 in the United States.
00:11:19.000Quality of life for those people matters.
00:11:21.000And I'm not talking about marginal changes in quality of life.
00:11:23.000We're talking about people losing their life savings, people losing their possibility of income, people who are now reliant on the government, reliant on food stamps.
00:11:29.000We're talking about blowing out the debt for future generations so that people will never be able to recover in the United States, so that the United States basically becomes a state-run system.
00:11:38.000And to pretend that the only consideration for the midterm is just how many lives you save in the short term, that doesn't even take into account what happens during a second wave, especially if the lockdowns are not actually saving lives.
00:11:51.000Remember, the purpose of the lockdown is not to exceed the capacity of the healthcare system.
00:11:54.000So once we have built up the ICU beds and built up the ventilators, I'm not sure what else you can do other than putting in place testing regimens that allow you to identify the hotspots and prevent a spike above medical capacity And making moves to protect nursing homes, for example – Other than that, there's not all that much you can do.
00:12:10.000Now, that doesn't mean that we're gonna have that big, booming recovery coming right out of this, because all evidence suggests not.
00:12:16.000But let's look at the forecast as to what could theoretically happen in terms of coronavirus deaths.
00:12:21.000So there are five different forecasts that have been put out by a variety of models.
00:12:26.000The Imperial College model suggests that we are just basically going to continue to rise.
00:12:30.000The Imperial College model says that we're going to continue to rise in terms of deaths because people are going to leave their houses, people are going to infect each other, and it's going to continue to move through the population and kill people.
00:12:41.000And then there's the MIT model, which suggests that it's going to tail off to the point where we are experiencing about a thousand deaths a day.
00:12:47.000The IHME model, the one that's been widely ripped, which is now projecting 66,000 deaths in the United States by August 1st, that model basically suggests we're going to be down to basically zero deaths a day by August 1st.
00:13:02.000I mean, given what we know, that seems like a very optimistic model.
00:13:04.000That's the one people have been citing.
00:13:06.000There's a Columbia model that suggests that by August 1st, we're still going to be having just under a thousand deaths a day.
00:13:12.000According to the New York Times, most of the models shown above predict that the country is currently past or near the peak of number of deaths for this wave of the epidemic, but they estimate a range of total deaths from 60,000 to 100,000 through May 23rd.
00:13:24.000Models use different techniques to project the future.
00:13:26.000Most of them share an important basic assumption.
00:13:28.000They're all built around the notion the current regimen of stay-at-home orders and social distancing will continue.
00:13:32.000Almost all of them cut off their predictions after two months or less, even though epidemiologists believe the coronavirus pandemic will be with us for far longer.
00:13:38.000This is one of the problems with models, is that these particular models are assuming that we all stay home forever, which obviously is unsustainable.
00:13:58.000You don't need the model that says, what if we go out and swap spit with each other in public places?
00:14:02.000And you don't need the model that says, what if we just lock down for the rest of time?
00:14:05.000Because neither of those two things is going to happen.
00:14:06.000What you need is, what do the models say about a variety of public policies in the middle?
00:14:11.000And those are the models that are not really being presented to the public.
00:14:15.000According to the New York Times, researchers still aren't sure the rate at which people who become infected die or the rate of transmission to other people, which are like the two key stats, right?
00:14:23.000That would be the infection rate, the replication rate of the virus, and it would be the case fatality rate, which I've been talking about.
00:14:29.000So the only two stats that matter, researchers still don't know the answer to.
00:14:31.000This is why those antibody tests matter, so we can at least establish the baseline case fatality rate.
00:14:36.000They suspect the infection rate is really high.
00:14:38.000I also suspect the infection rate is incredibly high, like three.
00:14:41.000So if I were just going to ballpark this thing, Best available scenario to me, if there were no lockdowns right now, right?
00:15:03.000It also does not infect as much of the population.
00:15:07.000It has a replication rate of just over one the flu.
00:15:10.000The replication rate for coronavirus is about three.
00:15:12.000So it's about three times as infectious and it's about three times as deadly.
00:15:15.000So that means that using those factors, this thing will kill about nine times as many people as the flu would in a given year.
00:15:21.000So you're looking at about anywhere from 400,000 to 500,000 deaths if this were left unchecked.
00:15:25.000Now with social distancing and with the hand washing and people not touching their faces, You hope that that cuts that down pretty significantly, but you are going to end up in six figures of death.
00:15:33.000For the year, there's just no question.
00:15:35.000You'll end up in six figures for death from coronavirus over the course of the year.
00:15:39.000I'd be willing to bet a significant sum of money, considering that we already have almost 50,000 deaths in the United States in the past five weeks.
00:15:45.000I think that you're looking at more than that.
00:15:48.000Now, looking at that in isolation does not answer the question as to how we go back to work, because again, We do have to go back to work.
00:15:55.000There are countervailing concerns here, and even keeping people at home indefinitely is not going to kill the virus itself.
00:16:05.000We are going to leave our houses at some point.
00:16:09.000Several epidemiologists say it's hard to expect the models to offer precise forecasts at this point because they're relying on uncertain inputs.
00:16:16.000Again, the Imperial College model was suggesting that we were going to get up to 4,000 deaths a day in the near future, so like 3,500 deaths a day.
00:16:25.000The Columbia model was suggesting that we were going to get about 2,000 deaths a day.
00:16:45.000I mean, the models are not exact, but the models are not dead wrong because the IHME model, the one that was widely cited and I've said changed over time, was a curve-fitting model.
00:16:54.000It's taking new information in and then it's providing you with a better curve.
00:16:57.000Right now, their estimate of 67,000 deaths looks optimistic by August 1st.
00:17:02.000Okay, so what exactly are we doing to reopen and how seriously should we take reopening?
00:17:05.000I'll tell you what is incredibly stupid.
00:17:07.000What is incredibly stupid is some of the things people are saying about reopening.
00:17:10.000We're gonna get to that in just one second.
00:17:12.000First, let's talk about the fact that there has never been a better time to do education online.
00:17:16.000Like now would be the time to do education online.
00:17:18.000You literally cannot go to a college campus right now.
00:17:20.000Anyway, this is why I recommend Ashford University.
00:17:23.000Ashford University's online bachelor's and master's degree programs allow you to learn on a convenient schedule that works for you.
00:17:28.000Right now, you need to make yourself more employable.
00:17:30.000There are tons of people Or out of work.
00:17:32.000Getting a new skill set that allows you to be more attractive to employers is going to be a huge thing when we come out of this pandemic, even if it is a Nike swoosh shaped recovery.
00:17:41.000You can pursue a degree to help you have a brighter future in one of Ashford's 60-plus programs like Business Administration, Healthcare Administration, and Psychology.
00:17:48.000With 24-7 access to your classroom, daily support, and financial aid available, Ashford will give you the tools you need to keep climbing.
00:17:54.000You're made for moments like these because you are hashtag tenacity made just like Ashford.
00:18:18.000How exactly are people going to go back to work?
00:18:23.000How exactly is this transition back to normal life going to happen?
00:18:26.000Well, New York City is trying to prep for large-scale testing programs to combat the coronavirus's spread.
00:18:30.000That obviously is really, really necessary in New York, and it's going to have to be a massive testing regimen because it's going to have to almost be block by block.
00:18:37.000The place is just so populous that if you have a hotspot, that thing can spread almost immediately.
00:18:42.000Honestly, I think there's a good case to be made that they should shut down the subway system, and they should have shut down the subway system months ago, and tell people to ride bicycles.
00:18:49.000Like, ride bicycles, walk, work from home, and if it takes longer to get to work, employers should be a little more flexible about that.
00:18:56.000Putting people in small, bullet-shaped containers with no open air in the middle of a pandemic seems like pretty much the worst idea I can imagine at this point.
00:19:05.000That is a terrible idea, unless you are going to actively take temperature checks at subway stations, Unless you're going to have people take antibody tests before they get on the subway.
00:19:14.000By the way, there's talk about doing this for traveling on planes, right?
00:19:17.000Is that you might have to have a clean bill of health before you can get on a plane so you don't infect everybody who is on a plane.
00:19:22.000But some important things to note about the removal of lockdown.
00:19:25.000So let's talk about what removal of lockdown can do and what removal of lockdown is unlikely to do.
00:19:30.000So what it can do is it means that you're going to see an uptick in the economy as people go out and they shop in a certain amount of social distancing, wearing masks.
00:19:39.000Grocery stores are still operating because people still need their groceries.
00:19:42.000You're going to see some retail shops go back to operating.
00:19:45.000You're going to see haircut places operating, although people are going to try and space out when they get their haircuts a little bit more.
00:19:50.000I don't think people are going to get – you're not going to go to the nail salon as often, ladies, and you're not going to go get a haircut as often, gentlemen.
00:19:55.000There's just – people are going to space out their behavior.
00:19:59.000The reason I say that is because people were spacing out there.
00:20:02.000I'm going to give you a stat that does go to show you that the American people are responsible.
00:20:06.000And this is an argument in favor of getting rid of the lockdowns.
00:20:09.000The argument in favor of getting rid of the lockdowns is that the amount of social distancing in the United States was increasing rapidly before the lockdowns happened.
00:20:20.000Before the lockdowns happened, people were already starting to not go out.
00:20:25.000People were like, I've said for my own family, we decided not to go to a Purim party.
00:20:29.000This is like March 6th, I believe, was Purim in the United States.
00:20:36.000Purim in the United States was March 10th.
00:20:39.000So March 10th was before the lockdown in Los Angeles.
00:20:43.000Los Angeles lockdown only began the following week.
00:20:45.000I remember March 10th, as I've said before, was the date when I turned to my family.
00:20:49.000I was like, I don't think we're going to this Purim party.
00:20:51.000I think that we are going to stay home, given what is happening.
00:20:53.000That's what's happening with a huge number of people.
00:20:55.000Lyman Stone is a political scientist over at American Enterprise Institute.
00:20:59.000He put out a chart and it shows state by state how social distancing preceded the stay at home orders in virtually every case, often by several weeks.
00:21:08.000I mean, the chart basically looks like, here is the date of the lockdown order, and you can see social distancing starting to, the amount of social contact starting to decline.
00:21:35.000I think you can trust the American people.
00:21:36.000I think that the media right now are nut picking.
00:21:39.000They're going out and they're attempting to find people who are actively militating against this sort of stuff, just so that they can argue for the lockdowns to continue, as though you can't trust the American people to do this stuff.
00:21:48.000There's a CBS News poll today, and it shows if stay-at-home restrictions were lifted, would you be comfortable going to a bar or a restaurant?
00:22:13.000So it's important to know that when you're talking about the lockdowns.
00:22:16.000And again, that's good news in the sense that Americans are not rushing out to be irresponsible.
00:22:20.000And it's bad news in the sense that the economy is just not going to recover the same way that people seem to expect it's going to recover once these lockdowns are over.
00:22:27.000By the way, we're seeing this in Germany as well.
00:22:29.000German shoppers are not rushing back as stores reopen, according to Reuters.
00:22:32.000German consumers are counting their pennies rather than returning to shop in large numbers as stores gradually reopen after being locked down.
00:22:39.000People are losing their jobs, people are losing their income, people are saving instead of spending.
00:22:43.000It's gonna change all sorts of spending habits in the United States.
00:22:46.000Like really gonna change, seriously, the spending habits and the association habits in the United States.
00:22:52.000Okay, we're gonna get to more of this in just one second.
00:22:55.000And we're gonna talk about how the single factor analysis being used by some people in the media and governors on the left, is really, really stupid and backwards and fails to take into account a lot of really important factors.
00:23:06.000We're gonna get to that in just a second.
00:23:07.000First, let's talk about how important your home is to you, particularly at a time like this.
00:23:12.000Imagine getting evicted for nonpayment of a loan that you never took out.
00:23:15.000I mean, forget about all of the financial troubles that everybody's experiencing right now.
00:23:19.000Think of you own your home, you're making your payments, and suddenly you get evicted anyway.
00:23:44.000The only way I know to avoid this thing is Home Title Lock.
00:23:47.000Go to HomeTitleLock.com Register your address to see if you are already a victim, and then use code SAVE for 30 free days of protection to help you get through this crisis.
00:23:55.000Again, enter SAVE at HometitleLock.com.
00:23:57.000Get that 30 days of free protection so you don't have to shell out any cash right at the moment when everybody is short on cash, and you can protect your home.
00:24:04.000Anyway, HometitleLock.com, again, it's a smart thing to do to protect your property.
00:24:08.000HometitleLock.com protects your credit and your property at HometitleLock.com.
00:24:12.000Okay, so New York is talking about how they are going to ease this burden, right?
00:24:18.000How they're going to ease the economy.
00:24:20.000And obviously, let me first give you a couple of factors as to why it's so important to ease this, okay?
00:24:25.000Because what you're about to hear is a bunch of politicians who pretend that the economy is not part of real life and that people's livelihoods and people's lifestyle and people's happiness is somehow not even a remote consideration here.
00:24:41.000By the way, it should be noted that people's lives are on the line, and it's particularly more true not in the United States than it is in the United States.
00:24:49.000Thank God the United States is an incredibly prosperous country, but the UN is actually estimating that the coronavirus pandemic could push 130 million people to the brink of starvation.
00:24:57.000It turns out that a lot of people are very much reliant on America's economy, and that when America's economy goes down, when the European economy goes down, when the world economy goes down, That hundreds of millions of people could starve.
00:25:07.000According to CNN, famines could take hold in about three dozen countries in a worst-case scenario.
00:25:12.000According to the executive director of the World Food Program, ten of those countries already have more than a million people on the verge of starvation.
00:25:18.000He cited an economic recession, a decline in aid, a collapse in oil prices as factors leading to vast shortages of food, and urged swift action to avert disaster.
00:25:27.000When the economy goes down, people don't eat.
00:25:30.000It's more true outside the United States than it's true inside the United States, but it's true for American citizens as well.
00:25:36.000And it's also true that businesses are going under that support people.
00:25:41.000And by the way, the Congress set up a series of ridiculous and perverse incentives with regard to employment in the CARES Act that they should fix immediately.
00:25:48.000There were some Republicans who tried to stop this provision of the bill and they were mocked for it.
00:25:52.000Bernie Sanders got up and said, Are you really saying that people are going to leave their jobs in order to get a little more money this month?
00:25:58.000Yes, because they don't have a guarantee on the other end.
00:26:07.000About a woman named Jamie Black Lewis.
00:26:09.000She says she felt like she won the lottery after getting two forgivable loans through the Paycheck Protection Program.
00:26:14.000Black Lewis saw the $177,000 and $43,800 loans, one for each of the spas shown in Washington State, as a lifeline she could use for payroll and other business expenses.
00:26:23.000She had halted pay for all the 35 employees at her spas.
00:26:27.000When Black Lewis convened a virtual employee meeting to explain her good fortune, she expected jubilation and relief that paychecks would resume in full, even though the staff couldn't work.
00:26:36.000They were angry because it turns out that if they were considered unemployed, they could get more money than if they stayed employed by her.
00:26:41.000Okay, you can't set up perverse incentives because incentives matter.
00:26:45.000To pretend that people don't actually use their brains when it comes to their own economic situation is idiotic.
00:26:50.000The bulk of funds from these loans have to go toward payroll.
00:26:56.000Businesses have until June 30th to rehire laid-off or furloughed workers.
00:26:59.000Black Lewis was trying to meet the rules.
00:27:02.000But the anger came from employees who determined they would make more money by collecting unemployment benefits than their normal paycheck.
00:27:08.000That, of course, is a perverse incentive that's been set up.
00:27:10.000Meanwhile, small businesses are being destroyed by the fact that everybody is scared to come out of their houses.
00:27:17.000And it's extending to, it has ripple effects through the economy.
00:27:19.000So even industries that are not being directly hit, like say the construction industry.
00:27:32.000The problem is the person who wants you to build the house no longer has the money to pay you to build the house.
00:27:37.000And so here's a letter that I just got from a man named Justin.
00:27:41.000He said, I'm listening now to your show talking about how to help small business survive.
00:27:46.000Once our Paycheck Protection Program money runs out, we will most likely shut down.
00:27:49.000Prior to the shutdown, we had a $2 million backlog.
00:27:51.000As a direct result of the government shutdown, we have only $400,000 work in process, with the majority being pushed out to deliver in June, July, and August of 2020, when the original schedule had this work due in April.
00:28:02.000We'll probably be here for eight more weeks due to the Paycheck Protection funding.
00:28:05.000After that, our revenue stream will be drastically reduced, and we are going to have to shut down.
00:28:10.000He says our company was founded in 1967 by my grandfather.
00:28:28.000The reason I ask that question is because there's been this bizarre notion, I mean really bizarre, that if you want the economy reopened in a responsible fashion, recognizing all of the obstacles here and the failure of easy answers, and recognizing also that the status quo may not become the status quo ante.
00:28:45.000The new status quo is different than the old status quo.
00:28:47.000If you say that, then people suggest that you don't care about human life.
00:28:50.000Andrew Cuomo played this game yesterday, and honestly, what he said is awful.
00:28:52.000So the governor of New York has been widely feeded by the media for his brilliant leadership, despite the fact that his state got hit harder than any state in America, and he was late on the ball.
00:29:00.000Andrew Cuomo yesterday, he was asked about people who want to work, and here was his ridiculous, sneering answer.
00:29:06.000How can the cure be worse than the illness if the illness is potential death?
00:29:13.000But what if the economy failing – Worse than death.
00:29:19.000Equals death because of mental illness.
00:29:55.000I mean, seriously, what an absolute a-hole.
00:29:57.000Just unbelievable stuff from Andrew Cuomo there.
00:30:00.000So first of all, the baseline notion, that is the easiest and most scoundrel, it's the most scoundrel-like Take on politics, I can imagine, is death is not equal to any of the other things.
00:30:54.000You know, saying that you are an essential worker, you know, I'll give you an example.
00:30:57.000Apparently, according to Andrew Cuomo, that reporter is an essential worker.
00:31:01.000And so I guess that all the people who are out of jobs, you know, working, who are working at restaurants, they can just get jobs as reporters.
00:31:06.000I mean, if they want to work, they can just get a job as a reporter.
00:31:09.000They can just go become a nurse or a doctor today.
00:31:13.000This is a, it's just another version of Learn to Code, right?
00:31:16.000It's just another version of, you're gonna lose your job, and therefore, you should just move into an essential industry, except we decide which industries are essential.
00:31:27.000And to pretend that the job is not essential to the person or to the economy is to override both everybody else's free choice and the interests of the person who just lost their job.
00:32:04.000Even the phrase is ridiculous on its face.
00:32:06.000That's not to suggest that lockdowns weren't necessary and that there aren't truly essential workers, but I will point out that my job in the media is far less essential than a doctor or a nurse's job.
00:32:16.000And by the way, I'm not sure that, why is it that my job is considered an essential job, doing a podcast and running a website?
00:32:24.000Why is my job considered an essential job in the same category as the people who are bringing you your groceries?
00:32:31.000It's arbitrary and it's ridiculous and it's silly.
00:32:33.000The real reason that they say that the media are an essential job is because they don't want to run into a First Amendment violation is the real reason that they are doing that.
00:32:39.000But at the same time, they're saying that pastors and rabbis, I guess, are not essential jobs.
00:33:31.000But to pretend that those people's interests don't matter, or that, in aggregate, the only interest that matters is a policy that may or may not save lives.
00:33:39.000Because we even don't know whether the lockdowns have saved lives in the first place.
00:33:42.000I think they probably saved some, at least in the short term.
00:33:45.000But we don't know, as the lockdowns are relieved, whether... There's no counterfactual, right?
00:33:49.000We don't know what would have happened if we did Y when we did X. There's just no way to tell that.
00:33:53.000We don't have a multiple universes machine where we can tell what the counterfactual would have been.
00:33:56.000To pretend that you invariably have the right answer because you've decided that it's important that America be bubble boy and that there are no countervailing interests is just bad public policy making.
00:34:05.000Speaking of bad public policy making, by the way, I'm just going to point out that AOC continues to just be I've suggested she has the IQ of a kumquat.
00:34:14.000I think I'm giving her too much credit.
00:34:41.000There is a vacuum between the ears, like an absolute vacuum.
00:34:45.000You could create an ion collider in that head because there's nothing happening up there.
00:34:50.000Here was AOC yesterday explaining that after coronavirus is over and we end the lockdowns, people should protest and not go back to work, which is like the most cruel and stupid thing I've ever heard.
00:34:59.000Of course people should go back to work.
00:35:01.000They should strike, what, so that you can blow out the debt on the basis of future generations and then pay them to not go back to work?
00:35:11.000I think when we talk about this idea of reopening society, you know, only in America does the president, when the president tweets about liberation, does he mean go back to work?
00:35:22.000When we, you know, have this discussion about going back or reopening, I think a lot of people should just say, no, we're not going back to that.
00:35:33.000We're not going back to working 70 hour weeks just so that we could put food on the table and not even feel any sort of semblance of security in our lives.
00:35:46.000Probably dramatic unemployment, refusal to go back to work in a time when there are tens of millions of people who will freely take the job that you once had.
00:35:54.000Reopening, only in America is it considered reopening to be able to go back to work.
00:36:01.000And by the way, if most people don't want to work, then that gives the lie to the basic idea of universal basic income in the welfare state, which is that if you create a disincentive to work, that people will continue to work.
00:36:09.000So what she is saying is, of course, full-scale idiocy, and it is scorn for workers, because the idea is you're a sucker.
00:36:15.000If you just listen to AOC, she'll pay your salary.
00:36:18.000Having created zero jobs her entire life, she is going to pay your salary today.
00:36:24.000All of this does not show a great deal of sympathy for workers who actually need to go feed their families.
00:36:30.000And this is why it's important that we actually take into account all of the costs and benefits of the policies that we are implementing right now.
00:36:36.000And by the way, even on the life side of the ledger, even on the life side of the ledger, there's good information that a lot of people are dying because they are not going into ERs, even when they need to go into ERs, because they're afraid of coronavirus.
00:36:47.000So all the heart attacks have basically disappeared, according to physicians across the country.
00:36:51.000California's hospital EDs are strangely quiet places these days, according to the LA Times, because people who are having strokes and heart attacks simply are not coming in.
00:36:59.000And they're not coming in because of coronavirus.
00:37:01.000So a bunch of people are dying because they're not getting their cancer treatments and their heart attack treatments.
00:37:05.000There are lots of balances to be weighed here.
00:37:08.000And to pretend that the balance is easy on either side is to be a liar.
00:37:11.000And we can get to more of this in just one second.
00:37:13.000First, there are lots of things in life we look back on and we think, how could I possibly have gotten this one so wrong?
00:37:19.000Like, for example, hiring Michael Mowles.
00:37:21.000Just bad decisions that you make in your life.
00:37:23.000Well, we're always gonna get things wrong.
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00:38:17.000Okay, we're going to get to more of this in just one second.
00:38:19.000We're going to talk about President Trump and a couple of botched media stories.
00:38:23.000President Trump going after the governor of Georgia, which is a bizarre take by the president, because one second he's tweeting, liberate Virginia, and the next he's telling the governor of Georgia that he's doing things too soon.
00:38:32.000Like, seems like a bit of a mixed message.
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00:40:01.000You're listening to the largest, fastest growing conservative podcast and radio show in the nation.
00:40:05.000Now, everybody, if they are honest, understands that there are tradeoffs to the lockdown policies and that we don't actually know the full consequence of the tradeoffs.
00:40:17.000We know pretty well what the consequences are economically, and that is complete collapse.
00:40:21.000What we don't know are the consequences in terms of the virus.
00:40:24.000We don't know that yet, because we are seeing what happens in Germany, we're gonna have to see what happens in Sweden, we have to see what happens in countries around the world, which are reopening, by the way.
00:40:33.000They are reopening in the same way that Georgia is talking about reopening, but if Georgia does it, it's very bad, and if Trump promotes it, it's very bad, apparently.
00:40:39.000The New York Times is quietly recognizing that, hey, public policymaking is trade-offs.
00:40:43.000Peter Baker, writing for the New York Times, he says, Until there's a vaccine or a cure, macabre truth is that any plan to begin restoring public life invariably means trading away some lives.
00:40:52.000The question is how far will leaders go to keep it to a minimum?
00:40:55.000Some of the more provocative voices on the right say that with tens of millions of Americans out of work and businesses collapsing, some people must be sacrificed for the greater good of restoring the economy quickly.
00:41:04.000But less inflammatory experts and policymakers also acknowledge there are enormous costs to keeping so much of the workforce idle, with many of the unemployed struggling to pay for food, shelter, or medical care for other health challenges.
00:41:14.000So look how the New York Times even phrases that.
00:41:16.000Right, so the last part, that if you are a less inflammatory expert and you acknowledge trade-offs, that means that you're good.
00:41:22.000But if you are a person stumping for lockdowns to be ended, and you acknowledge trade-offs, that's very bad.
00:41:27.000So in other words, if the New York Times doesn't like the fact that you have an R by your name, you're a bad person.
00:41:31.000And this is the way the media are treating Brian Kemp in Georgia.
00:41:34.000Dana Milbank has an absolutely absurd column for the Washington Post today called, Georgia leads the race to become America's number one death destination.
00:41:41.000Okay, we know what America's number one death destination is right now, and it's New York City, it ain't Georgia.
00:41:47.000But according to Dana Milbank, Governor Brian Kemp is proposing to offer a new non-stop service to the great beyond.
00:41:52.000He has a bold plan to turn his state into the place to die.
00:41:56.000He's doing this even though the state ranks near last in testing, even though it's not clear COVID-19 cases are declining there, even knowing we're probably going to have to see our cases continue to go up.
00:42:04.000Public health experts fear coronavirus will burn through Georgia like nothing has since William Tecumseh Sherman, but Kemp is making a big gamble his constituents wouldn't want to swab places with anyone, and the tourists will be dying to get to Georgia in any class of travel, economy, economy plus, or intensive care.
00:42:18.000I mean, like, this kind of ridiculous Phraseology from Dana Milbank.
00:42:23.000Oh, he's a very, very bad man, Brian Kemp.
00:42:26.000You actually think that he wants his citizens to die?
00:42:28.000I'm fairly certain that none of the governors want people to die.
00:42:31.000They have to determine what is the best policy for their states.
00:42:33.000And again, a lot of businesses in Georgia have been told they can open up if they meet certain criteria.
00:42:37.000They don't meet the criteria, and they're not opening up.
00:42:39.000Or they feel like there's not enough of a market for them to open up right now.
00:42:44.000Now, President Trump, under heavy media pressure, apparently, President Trump, according to CNN, President Trump called up Brian Kemp yesterday, and he had told Brian Kemp that he supported and praised that move, according to a source familiar with the call, which makes sense.
00:43:01.000Trump has been calling for everybody to open up sooner.
00:43:04.000The fact is, as I read yesterday from Eric Erickson, that the number of diagnosed cases versus number of tests in Georgia is, in fact, declining.
00:43:10.000That outside of Atlanta, which theoretically could be a hotspot, there's a lot of rural Georgia that should be opening.
00:43:15.000Even treating places across the state as one unified block is really, really silly.
00:43:19.000But Trump has been very much urging people to end the lockdowns as soon as humanly possible.
00:43:24.000While under pressure, obviously, yesterday, President Trump decided to undercut I have national control of this issue.
00:43:30.000Governors don't have national control.
00:44:09.000Because he's Jared Polis and he's a Democrat.
00:44:11.000Anyway, here was President Trump yesterday undercutting Kemp.
00:44:14.000I told the governor of Georgia, Brian Kemp, that I disagree.
00:44:18.000Strongly with his decision to open certain facilities which are in violation of the phase one guidelines for the incredible people of Georgia.
00:45:23.000The decision, I think, is based in the baseline reality that things are not going to radically change, that there is not going to be a cure in the next couple of months, that there is not going to be any therapeutic that really changes things dramatically in the near enough future that we can avoid opening up under these conditions, and that people are going to be responsible.
00:45:41.000Which again, I think is a good assumption about the American people.
00:45:43.000I think most Americans are responsible.
00:45:46.000I think there are a minority of Americans who are morons.
00:45:48.000And I think that that's why you need the hotspot tracing to find where those minority of Americans who are gathering in large groups and then infecting each other are infecting each other so we can help lock that down.
00:45:58.000But overall, if you don't trust the American people, I don't know why you live in a republic.
00:46:02.000I think that President Trump did make a promise yesterday that I don't know how he's going to fulfill.
00:46:58.000Okay, I mean, I don't know how that's actually going to be the case, and I think that that's promising too much.
00:47:03.000It's making people feel as though until they have a guarantee of security, they're not going back to work.
00:47:07.000Now, meanwhile, the media continue to be irresponsible in how they handle a lot of this stuff.
00:47:12.000They are not giving you any sort... very few.
00:47:15.000There's some of the media who are doing it right.
00:47:17.000Many in the media are not giving you any sort of real information, and instead, they're playing this ridiculous game where they tell you The same way that they accused Trump of happy talk, they participate in a different type of happy talk, which is, if Trump would just provide one million tests every moment, then we would all be fine.
00:47:33.000If Trump just had taken the right actions, this wouldn't be a pandemic.
00:47:36.000If Governor Cuomo gets what he wants, if Joe Biden is president, then things will be fixed.
00:49:03.000So, if you want to check out the full version, you can head on over to Instagram.
00:49:14.000We are taking requests that we're going to prep another couple of pieces because people really seem to be enjoying these, at least in the comments, so we will be doing that.
00:49:34.000The fact is that Trump's actions, forget about his words for a second, his actions as the head of the federal government have basically been right.
00:49:42.000There's very little that Democrats have suggested that Trump has not done.
00:49:47.000The stuff that Democrats are suggesting that he do, that he has not done, is mainly stupid.
00:49:51.000Trump has actually handled this thing pretty well from the policy perspective.
00:50:09.000death from the illness came in early February in California, and according to this vaccine expert, this is the New York Times, the doctor who led the federal agency involved in developing a coronavirus vaccine said on Wednesday he was removed from his post after he pressed for rigorous testing of hydroxychloroquine, an anti-malaria drug embraced by President Trump as a coronavirus treatment, and that the administration has put politics and cronyism ahead of science.
00:50:32.000Dr. Rick Bright was abruptly dismissed this week as Director of the Department of Health and Human Services Biomedical Advanced Research and Developmental Authority, or BARDA, and removed as the Deputy Assistant Secretary for Preparedness and Response.
00:50:43.000He was given a narrower job at the National Institutes of Health.
00:50:48.000He continued to have his job inside the federal government at the NIH.
00:50:51.000In a scorching statement, Dr. Bright assailed the leadership at the health department, saying he was pressured to direct money toward hydroxychloroquine, one of the several potentially dangerous drugs promoted by those with political connections and repeatedly described by the president as a potential game-changer in the fight against the virus.
00:51:06.000He said in a statement, I believe this transfer was in response to my insistence that the government invest the billions of dollars allocated by Congress to address COVID-19 into safe and scientifically vetted solutions and not in drugs, vaccines, or other technologies that lack scientific merit.
00:51:19.000I'm speaking out because to combat this deadly virus, science, not politics or cronyism, has to lead the way.
00:51:25.000And then the New York Times just reports as though this guy is telling the absolute 100% truth because Trump was pumping up hydroxychloroquine.
00:51:32.000So it must be that Dr. Bright That Dr. Bright is telling the truth, and the reason he was fired was over a hydroxychloroquine, right?
00:51:39.000And the media asked Trump about Dr. Bright, like, repeatedly.
00:51:42.000Jim Acosta, and ladies, find you a man who loves you like Jim Acosta loves himself some Jim Acosta.
00:51:47.000Jim Acosta on CNN, he reported that this fellow, Dr. Rick Bright, that he was a casualty of Trump's war on science.
00:51:53.000The guy presents, like, five doctors at every press conference.
00:51:57.000But don't worry, Trump is fighting a war on science.
00:51:58.000Here is Jim Acosta being Jim Acosta, which is to say, a swirly of a human being.
00:52:03.000He sounds like he's a casualty, Anderson, of the president's war on scientists, war on science in the administration.
00:52:09.000Dr. Bright is going to file a whistleblower complaint.
00:52:13.000He is protesting his removal from his position, leading that agency that is charged with vaccine development.
00:52:19.000He was working on a vaccine for the coronavirus when he was abruptly Pulled out of his position.
00:52:24.000He had been clashing with top officials at Health and Human Services.
00:52:27.000This tendency on the part of the president, other administration officials to show preference for treatments like hydroxychloroquine when the science is just not even settled on that and there are studies showing it doesn't work.
00:52:39.000Okay, so this is them just parroting the story.
00:52:48.000According to Politico, the abrupt ouster of a top vaccine expert at HHS has split officials who see it as either a boon for the nation's COVID-19 response or the latest indication of a dysfunctional health department.
00:52:58.000Rick Bright, the director of the Biomedical Advanced Research and Developmental Authority, was transferred to a new, more narrow role at the NIH this week, according to an HHS spokesperson.
00:53:06.000The move was more than a year in the making.
00:53:08.000He wasn't dismissed over hydroxychloroquine.
00:53:10.000The move was over a year in the making.
00:53:13.000For a year, he'd been conflicting with other health officials.
00:53:15.000Bright had clashed with his department leaders about his decisions and the scope of his authority, but came abruptly, said five current and former HHS officials.
00:53:22.000One person familiar with the situation said Bright was frozen out of his email and learned about the reassignment only when his name was removed from the BARDA website this weekend.
00:53:30.000As of Tuesday, Bright had not accepted the reassignment to NIH, where he was tapped to work on efforts to deploy point-of-care COVID-19 testing.
00:53:37.000Bright told the New York Times in a statement just repeated, just verbatim, by the New York Times that he was fired over hydroxychloroquine.
00:53:45.000But an official says if Bright opposed hydroxychloroquine, he certainly didn't make that clear from his emails.
00:53:51.000Three people with knowledge of HHS's recent acquisition of tens of millions of doses of a variety of drugs said Bright had supported the acquisitions in internal communications, with one official saying that Bright praised the move as a win for the health department as part of an email exchange first reported by Reuters last week, although Bright's message was not publicly reported.
00:54:10.000In a statement late Wednesday, an HHS official directly linked Bright's decision to the health department's acquisition of the malaria drugs.
00:54:18.000Spokesperson Caitlin Oakley said, as it relates to chloroquine, it was Dr. Bright who requested an emergency use authorization from the FDA for donations of chloroquine that Bayer and Sandoz recently made to the Strategic National Stockpile for use on COVID-19 patients.
00:54:31.000The EUA is what made the donated product available for use in combating COVID-19.
00:54:35.000And then Bright didn't respond to multiple requests for comments on Tuesday and Wednesday after the health department fought back against him.
00:54:41.000Bright said he will ask the HHS's inspector general to investigate the manner in which the administration has politicized the work and has pressured me and other conscientious scientists to fund companies with political connections that lack scientific merit.
00:54:52.000So Trump was asked about all this and Trump, being Trump, proceeded to just slam this guy directly into the ground.
00:54:57.000Here's Trump slamming this supposed expert vaccine head.
00:55:02.000You say he has great gifts, or gifts, what?
00:55:13.000I mean... Well, that doesn't mean you have gifts.
00:55:16.000I know a lot of people, they play baseball, but they can't hit 150 in the major leagues.
00:55:20.000No, no, but you talk about his great gifts.
00:55:23.000I mean, okay, Trump ripping into the guy personally.
00:55:27.000If you don't know the story, then don't say you know the story.
00:55:29.000You should say this is an internal HHS matter.
00:55:31.000But then he should refer it over to Azar or the secretary to explain that this guy, basically, it appears he lied to the New York Times, right?
00:55:37.000It looks like he went to the New York Times and said, I was fired for political reasons because I opposed the president's favorite cure, this hydroxychloroquine thing.
00:55:45.000And then that wasn't why he was fired.
00:55:47.000He was in conflict with people for a year.
00:55:48.000And then anytime somebody just gives a statement to the New York Times saying that the real reason I was fired is because Trump is a nefarious bad man, then it's apparently totally – we take them at their face value.
00:56:05.000So, you know, when we look at the media's coverage of this thing, and then we look at Trump's approval rating, recognize that part of that is because Trump says things.
00:56:12.000A large part of that is not because of Trump.
00:56:14.000A large part of that is because the media spend every waking minute attempting to demonstrate to the American public that Trump is corrupt and evil.
00:56:21.000The reality is that they are willing to stretch anything into a story that paints Trump this way.
00:57:09.000The UN is predicting 130 million people around the world might die not because of coronavirus, but because of the economic shutdowns associated with coronavirus.
00:57:19.000Is it still all worth it to save just one life, Governor Cuomo?
00:57:22.000The new numbers expose a fundamental moral error on the left.
00:57:26.000That's been around a lot longer than coronavirus.
00:57:29.000Then, failed Georgia gubernatorial candidate Stacey Abrams begins to openly campaign to be Joe Biden's running mate.
00:57:35.000Alec Baldwin inadvertently reveals some spiritual truths about quarantine.