Political News


Laura Loomer has won the Republican primary in the 21st Congressional District in Florida and will face incumbent Democrat Lois Frankel in the general election.

Meanwhile, at the Democrats’s virtual simulation of a political convention, She Guevara (aka AOC) seconded the nomination of Bernie Sanders to be the that party’s candidate for President in the general election.

No surprises so far tonight.

Meanwhile, in Iran …


… the coronavirus pandemic appears to have spread to all regions of that country. The BBC has this video posted with footage from social media showing a morgue in the city of Qom full of dead bodies to be tested for the coronavirus.

Totalitarian societies such as China and Iran have not done well in their public health responses to the virus. Neither have most countries with socialize medicine, e.g., Italy. Could it be that part of the reason for Bernie’s burnout in the last few primaries is that too many Democrats gat hurt by changes in their health insurance under Obamacare, and that the prospect of having the same sort of system as China has caused them to reconsider giving the leadership of their part to a Socialist?

Hmmmm.

UPDATE—

The Morning After Stupor Tuesday


It looks as if Biden has taken the lead with 397 delegates, and Bernie is not far behind with 356. Fauxcahontas is in a distant third place with 48, but that still more than the 43 that Mini Mike was able to buy. The two dropouts, Mayor Pete and Klobuchar, have 26 and 7 respectively, and the least insane of the Democrats running, Tulsi Gabbard, has 1.

A side note about Sanders and Bloomberg: There’s an old line that says and honest politician is one who stays bought, meaning one who honors the “requests” of his significant “donors.” Bernie and Mini Mike seem to be pursuing what they hope is an honest electorate—one that will stay bought. The difference between the two is that Bernie is promising to use other peoples’ money while Mini Mike is also using quite a bit of his own.

Yep, everything is proceeding more or less as I have foreseen.

Investment Opportunities


I make money in the stock market two ways. One way is buying stocks that pay dividends, and I hold those stocks long term as long as the dividends they pay are a good return on investment. The other way is buy stocks that I expect will appreciate in market value. I sell those stocks when I feel I can make a satisfactory profit. The recent coronavirus and Bernie scares that caused share prices to drop unreasonably was an opportunity to engage in that second method.

The DJIA is up over 5 % today.

Ka-ching!

Math is Hard


Bernie Sanders is proposing a national health care system commonly referred to as Medicare for All. The low-side estimates of the program’s cost are around 3 trillion dollars a year.

Michael Bloomberg’s net worth is estimated to be about 62 billion dollars. If Bernie were to confiscate all of that wealth (and it could be liquidated as cash), he could pay for a week of his proposed program. If he could similarly liquidate the fortunes of the ten richest Americans, he wouldn’t find enough money to run Medicare for three months. And he would have destroyed productive assets that would generate further cash flow to fund the system. Even if he kept the seized assets as an investment portfolio (equivalent to a 100 percent income tax rate), a reasonable long-term rate of return would only provide for a week-and-half of Medicare for all each week.

The other 95 percent of the money required would exceed the government’s current income from taxes, so bringing Medicare for All online while maintaining something near the current level of other government services would require at least doubling the current total amount of federal taxation. If the billionaires have had their assets seized so that they have nothing left to be taxed, who do you think is left to be taxed? Cleaning out the millionaires won’t produce the same windfall as billionaires. If it’s still possible to pay wages at the current level after much of the productive investment in the economy is destroyed, then the average citizen’s share of the federal tax burden would likely rise to above 33 percent of personal income.

And then we’d have to figure out how to pay for the Green Nude Eel.

Bernie Bros and Bernie Bots


The Washington Post reports that Senator Bernie Sanders has received a briefing from intelligence officials claiming that the Russians are acting to interfere in the Democrats’ primaries in support of Sanders. My podcasting partner Stacy McCain has posted his thoughts on the matter, and they’re worth reading.

Yesterday, I pointed out that the 2016 Russian Collusion Hoax never make sense. Why would the FSB or GRU or other Russian organization work to support an American presidential candidate who was promising to take effective actions against Russia’s interests? Russia supporting Trump over Clinton made no sense.

Recycling Russian collusion, this time supporting Sanders, may be a act of desperation by the Democrat establishment, but at least it makes sense.

Sanders claims to be a socialist, but based on his record, it’s probably more accurate to view him as a communist. If one of America’s adversaries were looking to support a politician who would weaken our economy, our military, and our standing in the world, who in the 2020 field of candidates fits the bill better than Sanders? While many Russians are too young to remember the USSR, the country’s leadership does. They saw (and many participated in) they way communism ruined Russia. They are no longer communists because they’ve seen communism fail, but they still think as Marxists, so they view the world in terms of a zero-sum power struggle. The logic of that worldview would lead them to favor candidates such as Corbyn in the UK and Sanders here.

And it is all about power.

The Russian nomenklatura have maintained power by allowing a quasi-Fascist alliance between government and oligarchs to evolve. Similarly, the Deep State has developed alliances throughout the West which are threatened from the Right by Trump and the Left by Sanders. In 2016, the Democrat establishment was successful in suppressing Sanders’ candidacy, but they failed to defeat Trump. Four years later, they’ve failed in their efforts to nullify that election. As one prominent Democrat observed, elections have consequences, and one of the consequences of 2016 is that the Deplorables learned they can push back against the elites and win. The ongoing struggle for command of the Democratic Party will be interesting to watch.

I’m ready for my second cup of coffee this morning. I think I’ll put a bag of popcorn in the microwave as a mid morning snack.

Math is Hard


Stephen Kruiser has a post over at PJ Media about Bernie Sanders’ careless attitude concerning the job losses that would result from his version of the Green Nude Eel. BTW, his version is larger and more voracious than She Guevara’s.

Bernie has admitted that “free” health care will cost more in taxes. And he wants to impose “free” college and other “free” stuff as well. What he and the other socialists running for President can’t seem to explain is where they’ll get all that other-peoples’s-money necessary to pay for the “free” goodies.

The people who call themselves the believers in science aren’t big believers in math. That lack of belief in math is where the socialist train always ends up going off the rails.

Eggs. Omelet. Some disassembly required.

Voting Rights for the Marathon Bomber


Bernie Sanders and Kamala Harris have come out in favor of allowing Dzhokhar Tsarnaev to vote from prison. Jim Geraghty notes over at NRO that position might be a tough sell in some parts of the country.

One of the underappreciated aspects of the 2020 primary is how many contenders have spent their lives in very liberal communities and states and have never had to calibrate their stances and rhetoric to appeal to voters in a place like Ohio, or Florida, or Pennsylvania. Kamala Harris had to appeal to voters in San Francisco and then California as a whole; Bernie Sanders had to appeal to voters in Burlington and Vermont. I suspect “restore the Boston Marathon bomber’s voting rights” would not be a popular rallying cry in much of the country.

Harris has hedged her proposal during followup questioning, saying that we needed to have a conversation on the subject. She added, “There has to be serious consequences for the most extreme types of crimes.”

Given Harris’ views on gun control, she may want to rethink her position. After all, when Tsarnaev was on the run, he was armed with a handgun, he was under 21, and he too young to be eligible for a gun license in Massachusetts. Carrying a gun without a license a serious crime in Massachusetts which would have required a one-year mandatory minimum sentence if he’d been tried by the state rather than the feds.

I’m Not Making This Up, You Know


My podcasting partner Stacy McCain has a post up titled Sanders Aide Who Used ‘Dual Allegiance’ Smear Against Jews Is an Illegal Alien.

Belén Sisa is an illegal alien “who says she was brought to this country illegally from Argentina by her parents at age six [and] is currently protected from deportation under President Barack Obama’s Deferred Action for Childhood Arrivals, or DACA, program.” So whose “allegiance” is really at issue here? Doesn’t her defiance of American law bring Belén Sisa’s “allegiance” into question?

Hmmmmm.

The Dispossessed


Neo has a post up titled Something’s going on in Europe which quotes several European source about populist movements on the other side of the Atlantic.

France and Britan—

Technically, our globalised economic model performs well. It produces a lot of wealth. But it doesn’t need the majority of the population to function. It has no real need for the manual workers, labourers and even small-business owners outside of the big cities. Paris creates enough wealth for the whole of France, and London does the same in Britain. But you cannot build a society around this. The gilets jaunes is a revolt of the working classes who live in these places…

Norway—

America isn’t the only Western country in which too much power accrues to self-seeking bureaucrats and lobbyists who don’t give a damn what ordinary citizens think or want or need. America’s not alone in being run by politicians who, preoccupied with short-term personal gains and political prospects at the expense of the long-term national interest, pursue disastrous policies that threaten to bring down Western civilization. And America isn’t the only country whose mainstream news media spread “fake news” about all the above, whitewashing dangerous alien cultures while showing insufficient concern for our own.

France—

The cities themselves have become very unequal, too. The Parisian economy needs executives and qualified professionals. It also needs workers, predominantly immigrants, for the construction industry and catering et cetera. Business relies on this very specific demographic mix. The problem is that ‘the people’ outside of this still exist. In fact, ‘Peripheral France’ actually encompasses the majority of French people.

I believe that there’s a lesson to be drawn from history about the long-term viability of a society that focuses on an urban elite at the expense of the plebes in flyover country. It is the history of Rome. Eventually, the political balance that maintains the elite in their commanding positions will fail as their internal conflicts weaken them. We may be seeing such a struggle on the Left here in the U. S.

Trump, Brexit, and les gilet jaunes are the vanguard of flyover country’s opposition to the current order. Bernie Sanders and ¡Ocasio! She Guevara appear to represent people who want to be part of the elite, but who feel that they have been cheated by a corrupt hierarchy. There are only so many slots available for executive, managerial, and professional workers, and many young inner party wannabes are finding that they have six-figure student loans and a working-class job or no job at all. They haven’t even been able to move into the outer party.

Free stuff—tuition, medical care, whatever—will ease the current burden on the elite wannabes, but many of the elite’s policies run counter to their real world interests. The internal fights on the Left are about to get interesting.

Bernie Supporters and Games


Alexandra Petri has a clever explanation of the Sandernistas’ inability to compete in the real world via a humorous look at games. A sample:

SCRABBLE:
I played exactly the same word as my opponent, using exactly the same letters, and received fewer points for it — just because I wasn’t on some pink square, which my opponent claimed gave you DOUBLE the points. Pretty sure that’s the definition of rigged. Why would you just randomly have squares all over the board that counted for MORE or FEWER points when it’s just the same words? Also my opponent had two BLANK tiles, which just got to be WHATEVER letters she wanted. This seems made-up. Milton Bradley are shills who are trying to prevent the revolution. Also, “BERN” is totally a word.

Read the whole thing. And laugh.

What Bernie Has Already Won


Michael Goodwind has a column at the NY Post where he opines that regardless of who wins the Democrat’s nomination, Bernie has won the future of the party. It’s his agenda not Hillary’s that will make its way into future platforms.

America doesn’t need a double dose of the same bad medicine, but that is what young Democrats want. They believe Obama has been too moderate and see Clinton as even more old-school.

Just so, and bad medicine is a good analogy. The inept regulatory state expanded by President Obama and our presence in the world that he’s contracted have weakened the nation. Just as bleeding George Washington with leeches was not helpful during his terminal illness, another, stronger dose of Obama’s medicine will not be good for America.

Read the whole thing. And read all the way to the end of the column for the bit about Michael Bloomberg.

I’m Not Making This Up, You Know


The American Enterprise Institute reports that while Bernie and Hillary are complaining about how much CEOs are paid, the average CEO makes less in a year than Hillary’s speaking fee for a one-hour speech.

It might be a little disingenuous and hypocritical for Hillary Clinton to complain about excessive CEO pay when her minimum speaking fee, reportedly $225,000 for a one-hour talk, is more than the $216,000 average annual CEO salary in 2014. We could say how unfair it is that the average CEO in America has to work a full year, 50 weeks full-time, to earn the same income that Mrs. Clinton earns in about 50 minutes giving a speech! How unfair! How immoral! Something must be done!

Read the whole thing.

Adult Supervision?


It’s being reported that Hillary may wind up with the same number of delegates from New Hampshire as Bernie even though he won a crushing victory at the poles. Here’s how.

popcorn4bkThere were 24 delegates up for grabs in the New Hampshire primary to be awarded proportionally based on the vote tally. Bernie won 15. Hillary got 9. However, there are also 6 superdelegates. These party elders have not been swayed like the many youngsters who voted for Bernie, and they intend to cast their convention votes for Hillary who they see as the electable candidate.

9 + 6 = 15. It’s a tie.

Sanders is wrong about most things, but he’s right when he says the deck is stacked against him.