Unemployment goes up... again

Despite promises that the unemployment would never go above 8%, it’s still sitting steady above 9%, and the most recent data doesn’t make it look like it’s going to be getting any better. But don’t blame Timothy Geithner!

“I don't know if you saw the unemployment rate but that's getting good, huh?” Glenn said as he pointed out that it’s still at 9.2%.

And according to Timothy Geithner, things in the economy won’t be getting better any time soon.

“Well, I think it's going to take a long time still. This is a very tough economy. And I think for a lot of people it's going to be ‑‑ it's going to feel very hard, harder than anything they have experienced in their lifetime now for some time to come. But that is because that is the tragic effects of a crisis this deep and this bad caused by a long period of lost, lost opportunities to do things to make the country stronger,” Geithner said.

“Blood shooting out of my eyes!” Glenn joked. “It is a lost opportunity to do the things that would make the country stronger. What is that, Timmy?”

Pat said that Geithner must be saying “way before we took over and promised you that in three years this thing would be better.”

What are some of those missed opportunities? The radio crew assumed that Geithner was talking about switching to communism ten to fifteen years ago, getting rid of all the CEOs and capitalists, and running up a debt which could never be paid off.

But now that all that opportunity has been squandered, the guys suggested just changing the math formula. For example, you could divide the unemployment rate by two – because there are two different sexes! Or you could just not count men as working humans. There are lots of ways to manipulate statistics!

As for Geithner? He’s busy mopping up the mess other people created for him. “When are your neighbors going to wake up and just start to laugh?” Glenn said. “They are getting away with it.”

Glenn gives the latest coronavirus numbers, updating YOU on everything needed to know as Americans and officials monitor China's new COVID-19 virus:

Daily Stats as of 5:30 AM CT (from John's Hopkins)

  • Total Confirmed Cases Worldwide: 799,995 (up from 735,135 Yesterday)
  • Total Confirmed Deaths Worldwide: 38,735 (up from 34,807 Yesterday)
  • Total Confirmed Recovered Worldwide: 169,995 (up from 155,950 Yesterday)
  • 5% of Active Cases are considered serious (requiring hospitalization) Steady from 5% Yesterday, but down from 19% high back in February
  • Note that 11% of US Confirmed Cases require Hospitalization, roughly on par with Italy at 12% requiring hospitalization
  • US has 164,359 Confirmed Cases and 3,173 Deaths, up from 142,746 cases and 2,489 deaths Yesterday
  • The United States of America now leads the world in total confirmed cases, with 63,000 more cases than Italy (although Italy leads the world in Deaths with 11,591 officially dead)
  • US has 3,173 Dead vs 5,507 Recovered and 3,512 in Critical Condition
  • The US Currently has 155,679 Active Cases of COVID-19, with less than 0.6% of the total US population tested
  • 15% of Americans who have been tested have been diagnosed with COVID-19
The Moment of Trump's Conversion: Dr Anthony Fauci Takes Full Responsibility https://dailycaller.com/2020/03/30/anthony-fauci-moment-donald-trump-realized-extend-social-distancing-mandate/
  • Dr Anthony Fauci, the Chief Medical Advisor to the coronavirus task force, explained on CNN that Trump listened and "got it right away" after being shown new data projecting as many as 3 Million deaths in the US if COVID-19 mitigation policies were lifted.
  • Fauci also said Trump's "first goal is to prevent suffering and death" and this was part of the reason why he knew the COVID-19 guidelines should be extended.
  • "You know, interestingly, we showed him the data, he looked at the data and he got it right away, it was a pretty clear picture," according to Fauci.
  • "Dr. Debbie Birx and I went in together and leaned over his desk and said 'Here is the data, take a look.'
  • Trump reportedly looked at them, understood the implications and he shook his head and said 'I guess we got to do it.'
  • "Medically, this is the right decision, and I stand behind it 100%," Fauci said.
  • "From a public health standpoint, we felt strongly that it would have been the wrong decision to pull back," Fauci said. "I mean, we are scientists, physicians, public health officials. We're not economists. We're sensitive to the idea that the economy could suffer, but weigh that against tens of thousands, hundreds of thousands of American lives."
  • "...it was patently obvious looking at the data that at the end of the day if we try to push back prematurely, not only would we lose lives, but it probably would hurt the economy as well. So you would lose on double accounts. So, to us, there was no question what the right choice was."
Washington DC, Virginia, Maryland Join States Issuing House Arrest Orders https://www.cnbc.com/2020/03/30/coronavirus-violators-of-marylands-stay-at-home-order-face-criminal-charges.html
  • Maryland and Virginia became the latest states on Monday to enact "stay-at-home" mandates amid the coronavirus outbreak, except for essential travel for work.
  • Virginia's order is in effect until June 10, making it one of the longest statewide mandates implemented so far.
  • Maryland's penalties for violating its order are among some of the strictest in the country, including a $1000 fine, and up to 30 days jail time for repeat offenders.
  • In total, more than 210 Million Americans now effectively live under some form of House Arrest or Shelter In Place type orders, with another, 50 Million facing travel or shopping/eating restrictions.
  • Only 6 states have not closed schools.