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New Data Points Devastate Democrat Coronapanic Arguments

The Evening Campaign Update

The Coronapanic is dying away, whether Democrats want it to or not. There’s really nothing they can do to stop it at this point – Americans have had enough of the fear porn.

You can see it happening all over America: On the crowded beaches of Virginia, Florida and Texas; in increasingly busy shopping centers, restaurants and hair salons; in the rising demands by preachers, priests and rabbis for restoration of 1st amendment religious freedoms; in the neighborhood block parties being conducted in communities around the nation; at the freedom rallies in dozens of state capitals.

Most Americans were willing to go along with the initial stay-at-home strategy to “flatten the curve,” but, as the shutdowns have been extended, the devastating real-world impacts to their friends, neighbors and their own economic futures have become clear. At the same time, the lack of any real underlying science or data supporting the increasingly authoritarian edicts coming from Democrat officials has grown glaringly obvious. Now, millions of Americans have had enough. Their numbers grow with every passing day.

As reported by CNBC’s Carl Quintanilla on Twitter today, J.P. Morgan analysts have now conclusively demonstrated that the Democrat emperors have no clothes, as repellent as that may sound. In what Quintanilla calls a “devastating” study, JPM analysts released a study that shows that fears of rising Wuhan Viris infections as states and countries reopen their economies are failing to be borne out. In fact, the exact opposite is happening: the rates of infections and hospitalizations are actually dropping as businesses reopen and people go back to work.

In a subsequent tweet, Quintanilla notes that the same phenomenon is taking place in other countries that JPM’s analysts studied:

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This data rips to shreds Democrat/media arguments that their governors, mayors and other local officials are issuing their anti-constitutional edicts based on anything resembling “science.”

Another piece of data circulating today demonstrates very clearly that, based on catastrophically flawed statistical models and the bad advice of medical “experts,” we shut the U.S. economy down over what was at its heart a nursing home problem.

Syndicated columnist Phil Kerpen (@Kerpen on Twitter) has been doing fantastic research into the published government data to try to figure out what the real numbers and percentages are related to deaths in nursing homes and long-term care centers (LTCs). What he has found is stunning.

According to Kerpen’s findings, nursing homes and LTCs account for fully 52% of all deaths attributed to COVID-19 thus far. The chart below shows the percentages for the largest population states:

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Michigan, with about a third of Texas’s population, has seen more nursing home/LTC deaths than the entire number of deaths in Texas. Think about that.

Now, combine all of this with the recent finding that fully 2/3rds of the deaths in New York occurred among people who had been staying shut-in for weeks, and there is no longer any argument for the efficacy of stay-at-home orders. The simple fact of the matter is that if you want to make decisions based on data and science, you have to lift stay-at-home orders all over the country.

Thus, the latest in the long line of Democrat scams has collapsed.

The Coronapanic is over, and there is nothing the Democrats and their corrupt media toadies can do about it.

That is all.

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.

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Business Roundtable Issues a Giant Virtue Signal

Today’s Campaign Update
(Because The Campaign Never Ends)

And you thought virtue signaling was just for c-list celebrities and politicians on Twitter. – In what is perhaps the biggest collective virtue signal in American history, the CEOs of 180 U.S. companies issued a “statement of purpose” yesterday in which they claim that corporations should prioritize social responsibility over profits.

Investors who actually want to see a return on their investment no doubt were somewhat surprised to know that these members of the Business Roundtable, led by J.P. Morgan CEO Jamie Dimon, now have a higher priority than ensuring their companies’ profitability. If I were an employee at any of the companies – which include such giants as Amazon and American Airlines – I’d probably be updating my resume’ this morning in anticipation of the layoffs to come as my company spirals into irrelevance.

Ok, not really. Look, this entire thing is a massive charade, a cynical dodge issued by a bunch of CEOs who are under assault from left-wing activist “investor” groups. These CEOs don’t really mean any of this, they just believe that their virtue-signaling can placate the radical leftists. Which is an incredibly stupid thought process, to be honest, but it’s a mistake corporate leaders in the U.S. keep making over and over and over again.

For gosh sakes, the only reason for any corporation to be in business is to make a profit. Do they have an obligation to be socially responsible in many ways during the course of generating profits? Sure. That’s what thousands of the laws and regulations they must comply with every day are designed to effect.

Beyond adhering to the letter and spirit of those laws and regulations, does any corporation have any further obligation to society at large? Hell, no. To the extent these companies go over and above that baseline, with charitable foundations and involvement in community programs and the like, the smart ones are careful to ensure they do not do so in a way that destroys shareholder value. Because at the end of the day, without the buy-in of those shareholders, those corporations will cease to exist.

Businesses are not the government, nor are they charitable organizations, and we don’t want them to be. Because the moment a business tries to become something else and loses its focus on the reason why it is in business in the first place, that business is going to begin to fall apart.

Amazon CEO Jeff Bezos is one of the signatories to this “statement.” If he were to truly follow through with prioritizing social responsibility over profits, those packages you enjoy reliably receiving the next day will soon take 3 days to arrive, then 7 days, and eventually they won’t show up at all.

Amazon is a business. It’s leadership must retain a hyper-focus on its business and on maintaining its profitability. The moment Bezos and his leadership team loses that focus will be the moment the business begins to fall apart.

The presence of American Airlines on this letter is frankly shocking, given the long-term, chronic profitability struggles it and all other U.S. airline companies have gone through for decades. American’s business is a far more vital one than Amazon’s: It’s job is to safely transport hundreds of thousands of passengers each and every day from one city to another in gigantic aluminum tubes with wings flying at 35,000 feet.

Trust me: We want American and all other airlines to keep a myopic focus on their business, not on supporting whatever politically correct cause is popular at any given time with 22 year-olds who spend 20 hours a day on Twitter. The moment any airline loses its focus on what really is Job One is the moment passengers’ lives become endangered.

But again, the good news here is that this entire thing is a massive charade, a meaningless gesture that is simply a lame attempt to placate a leftist mob. The Business Roundtable leaders are making the same mistake made by hundreds of celebrities who make some non-politically correct remark in thinking that they can placate the mob by essentially apologizing to it.

It won’t work. Gestures like this only legitimize the mob and end up emboldening them. Can’t wait to see what politically-correct move these CEOs make next year, after their companies find themselves under even more intense assault by the mob they emboldened yesterday.

Good luck with all that, Jamie and Jeff.

That is all.

 

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time. 

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