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David Stockman

Lockdown Lunacy: Your Government Ordered Depression Has Arrived

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Well, the Virus Patrol sure has done it. In a fit of reckless overkill they have managed to vaporize six years of economic growth during the last 90 days. And that’s just by the mechanical reckoning of the GDP accounts, where total output in Q2 weighed in at essentially the same level as Q4 2014.

The real damage is far deeper, however, and is reflected in millions of small businesses permanently destroyed, tens of millions of households wiped-out financially and the vicious daisy chain of delinquencies, deferrals and defaults just beginning to rip through the $78 trillion edifice of debt which entombs the US economy.

Of course, most of the Wall Street talking heads were nonplussed by this morning’s release because, well, Q2 results are claimed to be ancient history: Reality is purportedly the “V”-shaped recovery on their spreadsheets, which really can’t fail to happen because it’s always two quarters out regardless of conditions at the moment.

So let’s get something straight. What is happening is an economic catastrophe the likes of which we have never seen before, even during the Great Depression of the 1930s.



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Who’s That Masked Man!

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It should be evident by now that the Donald’s one and only north star is his own glorification and self-aggrandizement. That’s why he’s totally flat-footed at this crucial moment in the pandemic saga.
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Orange Man Bad

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As the Impeachment Farce neared its pathetic denouement, an optimist might have expected that the virulent Trump Derangement Syndrome infecting the MSM, the Dems and the Washington ruling class would finally die out.
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Covid Hysteria and the Groomers of the Virus Patrol

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Dr. Fauci and the Scarf Lady are not the only Virus Patrol miscreants spreading the Covid Hysteria and thereby empowering the authorities to keep suffocating everyday economic life and personal liberty in America.

In fact, there is a whole camarilla of current and former health officials, purported disease experts, all-purpose talking heads and other Washington apparatchiks who continue to appear on mainstream media, peddling the hoary tale that coronavirus is some kind of horror flick monster: It purportedly just keeps springing from its Lockdown grave – whack-a-mole fashion – the instant officialdom relaxes its quarantine edicts.

Call these people the “groomers” of Big Pharma, and their job is to keep public fears on the boil so that the demand for high-priced treatments, cures and preventative vaccines becomes overwhelming. And given that the Covid is now rapidly succumbing to the exhaustion of its infection cycle and the summertime sun, their exact current mission is one of bridging the gap.

That is, finding and publicizing local outbreaks and “hot spots” during the months just ahead so that the Virus Patrol will remain in full control of policy and the narrative until the Covid makes its forecasted second wave rebound during next fall’s flu season.
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Donald J. Trump: Patient Zero of Lockdown Nation’s Covid Hysteria

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According to the CDC’s long established mortality models, 687,000 Americans were supposed to die during the 12 weeks between February 1 and April 18. 

But only 666,000 actually complied. So the Grim Reaper was deprived of his seasonally adjusted mortality quota, even as 21,000 families were spared, at least temporarily, of the loss and grief which accompanies the passing of a loved one.

 Either way, how in the hell does that square with Lockdown Nation—an unprecedented government ordered economic heart attack purportedly designed to prevent a Black Plague of illness and death?

 To be sure, a better than garden variety recession was already due after a record 129- month long business expansion. But it was the sudden, virulent eruption of the Covid Death Hysteria in the halls of government that turned a scheduled business cycle contraction into a monumental catastrophe.
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