Journalism

If FDR had to deal with Trump’s press gallery

Image may contain: 16 people, possible text that says 'Mr. President!! Do you feel guilty for all the sailors we lost lost Sunday? Why do you insist on calling it"the "the attack on Pearl Harbor? Many say that your oil embargo Japan led the war. there blood on your hands? What about the sailors trapped in Arizona? You've had years to prepare. Why wasn't our Navy ready? Are you going to resign? If FDR had to deal with a press corp like President Trump's.'

There can be no doubt the mainstream media has been utterly lacking in journalistic integrity since Trump took office.

Just when we thought lower depths couldn’t be plunged, COVID19 has proven that ethics in reporting will only return when the media loves America more than they hate Trump.

Why haven’t the media picked up on this Executive Order?

When Barack Obama became president in 2009, he eliminated the White House Health and Security Office, which worked on international health issues such as pandemics. However, after grappling with the 2014 & 2015 Ebola outbreaks he eventually set up the White House National Security Council Directorate for Global Health Security and Biodefense team in the final year of his 2nd term.

If we truly believed the media narrative, the spread of the COVID19 outbreak was a direct consequence of the Trump administration disbanding Obama’s 430 person team.

The truth is that during the summer of 2018, Trump’s NSC merged three directorates to make preparation for bioterrorism threats or pandemics seamless. The name was disbanded. Not the function.

Journalists had no qualms shaping the story as yet another Obama legacy torched based on ego alone. Trump Derangement Syndrome rules absolutely.

Which begs the question why there was no widespread reporting or recall of Trump’s Executive Order from September 2019? His demand prioritizes coordination and response to pandemics and the establishment of a National Influenza Vaccine Task Force.

Point 1(e) states clearly,

The seasonal influenza vaccine market rewards manufacturers that deliver vaccines in time for the influenza season, without consideration of the speed or scale of these manufacturers’ production processes.  This approach is insufficient to meet the response needs in the event of a pandemic, which can emerge rapidly and with little warning.  Because the market does not sufficiently reward speed, and because a pandemic has the potential to overwhelm or compromise essential government functions, including defense and homeland security, the Government must take action to promote faster and more scalable manufacturing platforms.

Section 2 goes further,

Policy.  It is the policy of the United States to modernize the domestic influenza vaccine enterprise to be highly responsive, flexible, scalable, and more effective at preventing the spread of influenza viruses.  This is a public health and national security priority, as influenza has the potential to significantly harm the United States and our interests, including through large-scale illness and death, disruption to military operations, and damage to the economy.  This order directs actions to reduce the United States’ reliance on egg-based influenza vaccine production; to expand domestic capacity of alternative methods that allow more agile and rapid responses to emerging influenza viruses; to advance the development of new, broadly protective vaccine candidates that provide more effective and longer lasting immunities; and to support the promotion of increased influenza vaccine immunization across recommended populations.

In short, before coronavirus was even on the radar Trump had already enacted a policy to better prepare industry to be able to supply an actual “response”. Furthermore the team wasn’t disbanded. It was merged on efficiency grounds.

As Mark Twain said,

“If you don’t read the newspaper you’re uninformed. If you read the newspaper you’re misinformed.”

NYC’s know-it-all medical experts focused on social justice before social distancing

Corona

NY now leads the coronavirus tally in the US. Nationwide, more than 190,000 cases of COVID-19 have been confirmed. 47,439 in NY City and 83,712 in NY State. It seems that NYC’s health professionals felt ignoring Trump was the right thing to do because of the need to stop stigmatising certain community members.

NYC’s Health Commissioner Oxiris Barbot was out there 10 days after Trump’s China travel ban telling NYers to get out there and mingle because of the misinformation about coronavirus. She said on Feb 2 that there was “no reason not to take the subway, not to take the bus or go to your favourite restaurant and certainly not to miss the parade.

On Feb 10, Barbot tweeted her expertise as a doctor with this. It seems that NY cab drivers, usually the last people to know, didn’t trust the advice.

Cabbies

She had also retweeted there was nothing to worry about as no coronavirus infections were recorded.

No danger

Not to worry though, as infections soared, Barbot was still able to retweet more important self-congratulation on her “expertise, commitment and incredible strength during COVID-19” and being the first Latina to head NYC Health. In hindsight, most New Yorkers would have preferred not to risk contagion over prioritising identity politics.

SJWOxir

Are our attention spans so short as to ignore the advice of Barbot 5 weeks prior? Get out and mingle to “stay home!

Barbot tweeted her concern in a video address urging people to self-isolate.

stayhome

Chair of New York City Council health committee, Mark D. Levine had jumped on the social justice bandwagon around the time of Barbot’s let’s mingle comments tweeting how people staying away were missing out on the festivities.

Lebine

How quickly his tune changed.

sidewalks

At least Levine didn’t resist the temptation to bring in wealth inequality into the debate. Apparently, the virus is classist. Probably racist too.

WOke

Speaker of the House Nancy Pelosi had been back to San Francisco on Feb 25th telling people to get together in Chinatown and “unify with our community” then slam Trump’s early denial as being “deadly. Which is it?

Pelosi

So for all of Trump’s bluster on COVID19, will the media concede that the other supposed “brains” who claim to know better have shown gross misjudgment? Not a chance. How long will it be before Pelosi and the media demands Trump be impeached over his handling of the crisis?

Trillion Dollar Baby?

What will it take to wake the media up to the fact that the way our government is spending it won’t be long before we are a $1 trillion net debt baby?.

Our current federal liabilities (p.121) stand at $1.002 trillion (which is pre COVID19). Have the media bothered to look at the state of the budget accounts? Or are they too busy lavishing praise on rescue packages which have a finite lifespan.

We pointed out yesterday that the “revenue” line could be decimated by the disruption – huge cuts should be anticipated in the collection of GST, income, company and excise taxes. Not to mention huge rebates to be paid to now unemployed workers. On an annualized basis the revenue line could get thumped 30-40% if this continues for 6 months.

So on the back of an envelope, it is not very hard to work out that with a current $511 billion revenue line looking to fall towards the early to mid $300 billion mark against a projected expense bill of $503 billion a deficit of $150bn will open up. Throw on c$150bn of COVID19 stimuli arriving by June 30th and we get a $300 billion budget deficit. Our net financial worth would grow from minus $518 billion to negative $818 billion.

Rolling into next year, it is ludicrous to think that hibernated businesses will have resumed as normal. This means that the following year’s tax revenue line will look as sick as the previous period. The government will be torn shredding the expense line as unemployment shoots higher so assuming minimal budget cuts, it could face another $200 billion deficit taking it north of $1 trillion net liabilities in a jiffy.

Let’s not forget what the states may face. Severely lower handouts from the federal government via GST receipts which will balloon deficits, a trend we’re already seeing.

The states currently rely on around 37-62% of their revenue from the federal government by way of grants. The balance comes through land/property taxes, motor vehicle registration, gambling and betting fees as well as insurance and environmental levies.

All of those revenues lines can dry up pretty quickly. 40% of state budgets are usually spent on staff. Take a look at these eye watering numbers.

NSW spends $34 billion on salaries across 327,000 employees.

Victoria spends $27 billion across 239,000 public servants.

Queensland uses 224,000 staff which costs $25 billion per annum.

WA’s state workforce is 143,000, costing $12.6 billion.

SA has 90,000 FT employees costing $8.5 billion.

Tasmania 27,000 setting taxpayers back $2.7 billion.

Just the states alone employ over 1.05 million people at a cost of $110 billion pa!! The territories will be relative rounding errors.

A lot of the states have healthy asset lines which are usually full of schools, hospitals, roads and land). These are highly illiquid.

Unfortunately, one of the golden rules often forgotten in accounting is that liabilities often remain immovable objects when asset values get crucified in economic downturns. When markets become illiquid, the value of government assets won’t come at prices marked in the books.

How well will flogging a few public hospitals go down politically to financially stressed constituents?? This is why gross debt is important.

The states have a combined $202 billion outstanding gross debt including leases.

Throw on another $150 billion for unfunded superannuation liabilities. Good luck hitting the “zero by 2035” targets some state have amidst imploding asset markets. It simply won’t happen. If only these liabilities were marked to market rather than suppressed by actuarial accounting. The WA budget paper (p.42) notes the 0.4% bump to the discount rate to lower the pension deficit figure. To be fair, they are far less outrageous than US state pension deficits.

How must the State Gov’t of Queensland be praying that Adani keeps plowing ahead? How Greyhound must regret terminating a contract to ferry construction workers to the mine? We doubt the incumbent government will have a climate change bent in the upcoming Oct 31 state election. See ya.

The trillion dollar federal debt ceiling seems like a formality especially as the chain reaction created by the states puts on more pressure for the federal government to inject rescue packages to prop up their reversal of fortune budgets. It is that trillion with a T headline that will get people’s attention.

In short, we ain’t seen nothing yet.

Anti-Asian hate crime stats to date. A COVID19 surge ahead?

As with almost everything, the mainstream media want to whip up a story that anti-Asian hate crimes could surge during the current pandemic due to Trump calling it the “Chinese virus“. Never mind that the mainstream media used the term itself until it became more fashionable to turn it into a dog whistle to attack the president. Forget context and perspective when chasing clickbait.

Hate crime in America has fallen from 9,861 incidents in 1997 to 7,120 in 2018. These are official FBI stats. We’ll have to wait till November 2021 to get the official 2020 aggregated hate crime statistics unless the FBI release an interim statement.

The Hill noted,

“The FBI is assuring the public that investigating hate crimes remains a top concern amid the coronavirus outbreak.

The agency updated its guidance on COVID-19 to note that “protecting civil rights and investigating hate crimes remain a high priority for the FBI.” The update comes amid growing warnings about hate crimes targeting Asian Americans over the coronavirus.

The bureau added in an intelligence report obtained by ABC News this week that “hate crime incidents against Asian Americans likely will surge across the United States, due to the spread of coronavirus disease … endangering Asian American communities.”

According to the FBI, anti-Asian hate crime has fallen from a peak of 527 in 1996 to 148 incidents in 2018. In 2018, Asians were 0.00071% likely to suffer a hate crime relative to the Asian American population. Technically, one could argue there was a 13% surge on the 2017 figure. Why didn’t the media drum up a story on that?

After the 9/11 terrorist attack, anti-Islamic hate crimes surged from a trough of 22 before the incident to 481 in 2002. At last count, there were 188 hate crimes against the Muslim community in 2018, or 0.0076% of the representative population in America, a 31% fall on 2017.

Anti-Native American hate crimes trended at a very low level out to 2010. Since then they’ve surged from a low of 44 cases to 154 under Obama and at last count under Trump sit at 194 in 2018.

Anti Hispanic hate crime has fallen from a peak of 636 in 1997 to a trough of 299 in 2015 to 485 at last count.

Anti-Semitic hate crimes remain the highest among all religions in America. They have drifted down to a low of 609 in 2014 from the peak of 1,182 in 1996 but in 2018 saw a resurgence to 838 or 0.0147% of the representative population.

As a % of the black population, Anti-Black hate crimes have fallen from 0.0131% to 0.0046% of their racial background. In 2018 hate crimes fell 4% on 2017 to 1,943 incidents. In 1996 this figure was 4,469.

Why didn’t the media run the narrative of Zika or Ebola causing a surge in anti-African American crimes given those viruses were named after places in Africa? Surely any old excuse will do for foaming at the mouth racists.

As a % of the total population, anti-white hate crimes have slid from 0.00052% in 1996 to 0.00024% in 2018, up from 0.00016% in 2011. The media would never run a narrative that hate crimes against whites have jumped since 51% since 2011.

However, what would a surge in anti-Asian hate crimes entail in the media’s mind? With the law of small numbers, any surge won’t require much in absolute terms.

As of 2018, statistically one was 8x more likely to suffer an anti-LGBT attack than an anti-Asian hate crime in America.

In a world where smartphones are everywhere (aka amateur news reporters), it is surprising that despite this, the mainstream media hasn’t unearthed one grainy picture of a racist wailing at Asians over COVID19. Could it be the media might have to stage a Jussie Smollett hoax to drum up the narrative?