Glenn Beck: Capitalism in the hot seat


Capitalism in the hot seat

By Arthur B. Laffer, Stephen Moore, Peter Tanous

GLENN: Stephen Moore from the Wall Street Journal and the author of the book End of Prosperity. Stephen.

MOORE: Hi, Glenn.

GLENN: How are you?

MOORE: Happy President's Day. By the way, I have an explanation for why some smart people think that, you know, the free enterprise system doesn't work. They think we have free enterprise in America, but we don't.

GLENN: Thank you.

MOORE: We don't.

GLENN: We haven't had it in since the turn of last century.

MOORE: That's right, I just sent your producer a chart that shows that in 1900 the federal government's share of all output was 4.8%. Today, 33%.

GLENN: Unbelievable. Unbelievable. So we are this hybrid, and we have been for a while, and it really started under FDR. But it started moving under Wilson and then really got cranking under FDR and kept cranking. Reagan brought it back down a bit and then now here it is, bigger and badder than ever.

MOORE: Well, that's right. The one kind of joke about the start of the Obama administration and the passage of this, quote, stimulus bill is this is supposed to be change. How is this change? George Bush took the budget from $1.9 trillion to $3.5 trillion and now Obama in his first 30 days in office has taken it up by another trillion dollars. That ain't change.

GLENN: So Stephen, what I want you to do here in the next couple of minutes, I just want you to explain to the American people, A, the nationalization of banks, what that means. We're already on the hook for, what is it, $7 or $8 trillion of this banking debt.

MOORE: That's right.

GLENN: Which means if it goes down, we're going to have to pay for it.

MOORE: Right.

GLENN: With everything in total, we have doubled the size of the national debt on the one set of books.

MOORE: Right.

GLENN: The $10 trillion. Now on that set of books if you really looked at everything that we have promised since September, it is now $20 trillion. True or false?

MOORE: Unfortunately those numbers sound pretty accurate to me. You know, we don't know exactly because the Fed doesn't keep its books very open. So we don't know exactly how much bank debt it has bought, but your number of about $7 trillion is certainly in the ballpark. And what we're headed towards is bank nationalization. But I laugh when you say that because we're already doing that. The federal -- the Fed has turned itself into the largest commercial bank in the world over the last six months. We use this language, nationalizing the banks. It's already happening, folks. I mean, the Fed is operating as a bank with taking on $8 trillion in debt. And by the way, nobody elected Ben Bernanke, right? I mean, this guy is close to a kind of economic dictator as Hugo Chavez is in Venezuela.

GLENN: Well, I will tell you this. Here are the actual stats. Amount of cash already spent by the U.S. to rescue the banks, $3 trillion. That's the Fed.

MOORE: Right.

GLENN: I never approved $3 trillion. Did you approve that?

MOORE: I never -- nobody voted for Ben Bernanke.

GLENN: No.

MOORE: Did you vote for Ben Bernanke?

GLENN: No. So that's just the Fed coming in with the treasury and saying we're going to spend $3 trillion.

MOORE: Right.

GLENN: That's my money -- better yet, that's my children's lifestyle going right out the window.

MOORE: Right.

GLENN: Okay. So when they come in and they truly take over the banks.

MOORE: In that case what they're actually talking about is having the federal government operate, CitiBank, Bank of America, many of these other large banks that are failing, where essentially the government would own and operate the banks.

GLENN: Stephen, talk me down from the crazy tree on this one.

MOORE: I try to do that every week, Glenn.

GLENN: I know, and you're not very good at it. Okay, here's what this means to me. Once you have Barney Frank and Chris Dodd and Barack Obama in charge of the banks, or let's make it the opposite way: George Bush, Dick Cheney and ExxonMobil all in a dark room controlling the banks, you now can use it for politically correct purposes.

MOORE: Of course.

GLENN: You can now say you're not getting this loan because we're not going to loan any more money to radio stations unless you have -- we don't have to pass the Fairness Doctrine.

MOORE: Sure.

GLENN: We're just not going to give you the money for your loans. They now have control of all of the country's financial information, and they'll say they have it through the IRS, et cetera, et cetera, but they have immediate access to everything digitally, right?

MOORE: Yes, from a privacy perspective it's very dangerous.

GLENN: It's gone.

MOORE: Imagine the banks saying, we can't lend you this money, 8% aren't Hispanic, 11% aren't black, 14% aren't gay. They have all of these new rules come out.

GLENN: Exactly.

MOORE: And, of course, that's because, you know, today is President's Day and I got this great quote from George Washington where he says that government is a fearsome master and that's something. You know, we've forgotten about what the founding fathers stood for. They stood for limited government with government standing out of the way of the free enterprise system. We don't have that anymore. We don't have free enterprise today.

GLENN: Fearsome master, he compared it to fire. He said it's a great slave but it is a fearsome master. I mean, it is something that you should be very, very wary of. And people don't truly understand that with the federal government, if they control financing, what don't they control. It's the same thing that everybody has been saying about, you know, the Fed: Oh, these conspiracy theorists, it's the Star Chamber, blah, blah, blah. This is no conspiracy. This is what the Fed is doing. They do it and they don't have to tell anybody about it. Now if the federal government takes over these banks, they control your entire life. They no longer have to pass any new laws on affirmative action. They will just coerce business.

MOORE: That's right.

GLENN: You are going to be union.

MOORE: That's right.

GLENN: That's just the way it is. Moore poor but did you see our article the other day about how the unions have now sent letters to every major bank saying, if you take any penny of government money, you shall not be allowed to lobby against the forced union bill that they want to pass. So now they want to take away the free speech of businesses so say, you know, you take a penny of government money, you can't take on the unions and so it's a perfect example of how this money is never free. But I blame a lot of these companies for taking the money in the first place.

GLENN: Oh, yeah.

MOORE: Of course when you take money from congress, it isn't free.

GLENN: Okay. So Stephen, now help me on this because I've reached a place in my life that my wife and I were talking about it last night. I would rather, I would rather grow my own food, chop my own wood for heat, raise chickens, do whatever I have to do, work at a lousy job that I just barely scrape by so my children will have the freedom to be able to create their own destiny and follow their own path down the road than nationalizing the banks. I believe in people. I do not believe in the government. I don't believe in capitalism just being used by a group of people in Washington.

MOORE: You don't want to go to the Pelosi bank?

GLENN: I don't want to go to the Pelosi bank. So I know how that one ends: "Sorry, Mr. Beck, your account's been closed." So help me out because there is a lot of people that will just say, "Well, I mean, this is the only option that we have.

MOORE: No, there's a much better option. That's, you know, the survival of the fittest. Basically I believe the banks that are bankrupt and that have made bad loans and got sucked into, you know, to the sub prime, they should be allowed to fail. You know, our friend Peter Schiff says this so well that, you know, our country should be based on the idea of the survival of the fittest, and what we have in Washington right now is the survival of the unfittest.

GLENN: We have the people that believe in Darwin, and they will not allow it to happen.

MOORE: That's right.

GLENN: They are the people that fight for evolution and survival of the fittest, but they fight it every step of the way. They won't allow it to collapse and rebuild. And you know what it is? Capitalism done right, freedom done right is like a forest fire, and the people who are the environmentalists, they try to save the forest by not allowing controlled burns or the forest to burn. So it never renews.

MOORE: And then, of course, eventually it all burns down.

GLENN: It burns to the ground. And then you lose absolutely everything. So Stephen, you and I both know that if we're not at the "Burn to the ground" yet, we will be after this bubble. After whatever it is we're creating, there's no more -- one more lightning strike and the damn thing burns to the ground. So again you say survival of the fittest, but tell me, Stephen, today what you think that looks like if CitiBank, Bank of America and all these big banks plus all of the money that we've just poured into all these banks is just gone.

MOORE: Well, look at what's happened to the money that we've already put in. Remember that we've put it just as an example, we've put in $70 billion into CitiBank already and their market capitalization today is $50 billion. So the bank is worth less today than the amount of money we've already put into it. And so look, I don't think nationalizations of the banks is likely to happen. I think we're just going to keep pouring federal tax dollars down this rat hole of the more money the banks lose, the more money that we put into them and this is, of course, the people who pay for these sins that we're committing today are your children, my children, our grandchildren and that's why I think you're -- you know, I'm starting to agree with you that maybe I should start teaching my kids survival tactics, how to hunt.

GLENN: You know, you laugh.

MOORE: I'm not laughing. I used to laugh when you said that, but --

GLENN: Okay. So Stephen, help me here. I don't agree with you. I think people --

MOORE: I definitely agree with that. It's all about money and power and control.

GLENN: And the way to do it is to control the banks. If you control the banks, you control all information. You don't have to pass anything in congress. You just do -- you just run the banks differently.

MOORE: Yeah, but see, where I disagree with you, Glenn, I think the people are going to rise up. They are going to rise up in complete rebellion against the stimulus plan, against the bank bailouts or the auto bailouts. I really think the American people are so outraged and angry right now, I mean, it's like a tinderbox that's ready to just explode. If people didn't want -- this isn't the "Change" they wanted.

GLENN: You disagree with me on this?

MOORE: Yeah, I think you can't take this lying down.

GLENN: No, I don't. No, I don't. I've been saying -- that's the perfect storm. I've been saying what the real problem is that nobody -- and thank you, Stephen, for finally saying it. Not that I've been trying to get you to say it. Nobody else sees it in your role. You are the first economist that I have heard take into account revolution and that is one of the pieces of the perfect storm. You've got Mexico on the verge of collapse. You've got California on the verge of collapse.

MOORE: Yep.

GLENN: You've got -- the New York Times reported that in this year there will be 50 -- think of this -- 50 million people unemployed on planet Earth, 50 million people. You're going to have uprisings, and when you do, then the whole thing -- we're not looking into the American Revolution. We're looking at a French Revolution. We have planted the seeds of "Hate the rich, eat the rich" for so long, and the rich have done nothing but slap people in the face the whole time. I just don't see this ending well.

MOORE: Well, look, it's going to be tough and we're going to pay a very high price for, you know, the stimulus plan, the bailouts. I think it's going to happen quickly. I don't think it's going to be physical violence but I think there will be -- well, look. We elected these people, all right? So we're totally to blame, folks. We elected these lunatics to congress. So until we start saying, look, we cannot have a nanny state where the government can do everything for us, you know, this kind of debt, growth and recession is going to last and last.

GLENN: And let me just ask the -- let me just ask you, Stephen, and anybody in the audience. Have you run across people that are now starting to talk about socialism, they are starting to talk -- you know one of the big trends on, what is it, Facebook or MySpace or whatever it is, one of them, we're investigating now the trend in the 20-somethings is to say that you're not a Democrat or a Republican but to say socialist/Marxist.

MOORE: Yeah, the T-shirts, how to sell T-shirts. Pretty soon it's going to be Marx and Lenin. But this is a product. I mean, this is the subject of another conversation you and I have to have. But we're paying a high price also for your crummy education system.

GLENN: Yeah.

MOORE: Who do you think galore nice people like Che Guevara, Marx and Lenin?

GLENN: It's amazing. Okay, thank you very much. Bye-bye.

MOORE: Bye-bye.

Dr. Robert Epstein, senior research psychologist at the American Institute for Behavioral Research and Technology, joined the "Glenn Beck Radio Program" Monday to discuss what he says is "a relatively simple way to stop the coronavirus dead in its tracks" in a matter of weeks, saving countless lives and safely restarting our economy.

"It might sound impossible at first, but it's well within our capabilities, and it's far less costly and disruptive than what countries around the world are doing now," wrote Epstein in "The Epoch Times."

Find out more at HowToStopTheVirus.com.

Watch the video below to hear the details of Epstein's plan:

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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: 735,135 (up from 524,478 Friday)
  • Total Confirmed Deaths Worldwide: 34,807 (up from 24,369 Friday)
  • Total Confirmed Recovered Worldwide: 155,950 (up from 125,490 Friday)
  • 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 who is at 12% requiring hospitalization.
  • US has 142,746 Confirmed Cases and 2,489 Deaths, up from 85,749 cases and 1,304 deaths Friday
  • In the US, 20,220 citizens are officially hospitalized with COVID-19, another 6,402 with presumptive-positive cases (waiting test results)
  • The United States of America now leads the world in total confirmed cases, with 45,000 more cases than Italy (although Italy leads the world in Deaths with 10,799 officially dead)
  • US has 2,489 Dead vs 4,562 Recovered and 2,970 in Critical Condition
  • The US Currently has 135,695 Active Cases of COVID-19, with less than 0.5% of the total US population actually tested: 851,578 Tests Resulted in 16.5% Confirmed Positive Cases for COVID-19 (note US policy has been to test only patients with positive-symptoms or known exposure to confirmed-infected persons, resulting in high net-positive results vs other countries).
Trump Extends US "Shutdown" Through April 30th https://www.scmp.com/news/world/united-states-canada/article/3077485/coronavirus-trump-says-social-distancing-guidelines
  • The Trump Administration extends recommendations for extreme social distancing, closed schools and houses of worship, work-from-home, and severe travel restrictions through April 30th.
  • The move was based on a simple model: 100-200k deaths if we continued shut-down vs 2-3 Million deaths if we lifted the shutdown in early April.
  • "How do you decide it's ok to let millions of Americans die? You don't." He said during a Rose Garden press conference. "I won't do that."
  • The updated timeline comes as the US President Donald Trump says the death toll from the virus is likely to continue to climb for another two weeks, and estimates that recovery is likely by June 1.
  • Trump said his earlier plan to lift the restrictions by Easter, on April 12, was only "aspirational". "Nothing would be worse than declaring victory before the victory is won," Trump said.
  • Officials in the White House coronavirus task force, including Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci and Dr. Deborah Birx, Deputy to Vice-President Mike Pence, have estimated that COVID-19 would kill as many as 2.2 million Americans if mitigation measures were not in place.
As COVID-19 Epidemic In New York Continues, 9-11 System Is Overwhelmed https://www.nytimes.com/2020/03/28/nyregion/nyc-coronavirus-ems.html
  • 911 Emergency system in New York City & Tri-State Area is receiving over 7,000 calls per day, more than at any time since September 11th, 2001.
  • The System has broken 3 records this past week, with nearly 8,700 calls on Thursday.
  • Many calls are for people with high-fevers and flu-like symptoms including severe cough, chills and difficulty breathing.
  • "It's all a war zone," one of the paramedics said. "There is no way we can respond to this many emergency calls."
  • Because of the high-risk of COVID-19 infection, many life-saving procedures have been suspended, including CPR and artificial respiration.
  • By Friday, more than 206 emergency medical technicians from the NY Fire Department had tested positive for COVID-19. Another 750 NYPD officers have also tested positive, and more than 10% of New York's police force is currently offline due to infection or Quarantine due to suspected infection.
  • One Paramedic who chose not to be named estimated that over 20% of 9-11 calls are going unanswered. "I can see them on my screen, with no units responding," he said.
In Yet Another Scene Out of a Hollywood Disaster Movie, Field Hospital Is Being Set Up in Central Park https://news.yahoo.com/field-hospital-set-yorks-central-park-202813283.html
  • Residents posted pictures of make-shift field hospitals being set up in Central Park in Manhattan.
  • Dozens of people worked in a drizzle to erect the facility for an expected influx of COVID-19 patients at the epicenter of the US COVID-19 pandemic.
  • Samaritan's Purse, a US-based Christian global relief agency, is setting up the hospital on the park's East Meadow lawn, where workers in face masks unloaded a white tarp and other equipment on the grass.
  • "There are lots of cases here in New York and a lot of people that need help," said Elliott Tenpenny, a doctor and team leader for Samaritan's Purse COVID-19 Response Team.
  • "The hospitals all over the city are filling up and they need as much help as they can get. That's why we're here."
  • He said the charity was working with New York Governor Andrew Cuomo, the Federal Emergency Management Agency and Mount Sinai, with the aim of receiving patients within two days.
  • Unlike other temporary facilities going up in the New York region, this site will have the equipment and personnel necessary to handle COVID-19 patients. Tenpenny called it a "respiratory focused field hospital" which will have a capacity of 68 patients, and the doctors and nurses to treat them.
  • Samaritan's Purse has set up a similar temporary hospital in Cremona, Italy, the country with the highest COVID-19 death toll.
Your Papers Please! US State by State Travel Restrictions & Warnings Go Into Effect https://www.the-sun.com/news/604376/andrew-cuomo-new-york-coroanvirus-slams-donald-trump/One Week After Mexican Governor Claims Poor People Are Immune, Epidemic Evident in Mexico https://www.msn.com/en-us/finance/markets/hugs-kisses-dining-out-during-virus-raise-fear-in-mexico/ar-BB11SinY
  • "Mexico's response was late, wrong and slow, and many people are going to die," said Dr. Carlos del Rio, an infectious disease specialist at Emory University in Atlanta, Georgia. "There's no reason to believe the virus here should behave differently among this population. Cases are growing exponentially."
  • President Andres Manuel Lopez Obrador of Mexico was still hugging and kissing constituents. As recently as eight days ago, he urged them to keep eating out at restaurants.
  • Stung by global criticism and disapproving national polls, the leftist populist widely known as AMLO began to shift in recent days.
  • Schools were closed on March 20; four days later, the country's 51 testing sites broadened their reach to include testing as many as 2,200 persons per day, mostly in Mexico City.
  • Finally, on Saturday, March 28th, the deputy health minister called on Mexicans to stay home, saying it was the "last opportunity" to slow down the virus, with more than 20,000 confirmed infected.
  • "It may be too late. Thousands may die," said Dr del Rio.
Hundreds of Thousands of Migrant Workers Suddenly Homeless https://www.nytimes.com/2020/03/29/world/asia/coronavirus-india-migrants.html
  • In India, hundreds of thousands of day-laborers were suddenly homeless due to COVID-19 travel restrictions and work shut-downs.
  • Many day-laborers are used to being provided dorm-like beds while on the job, but with work-sites closed down and national transportation systems offline, parks and public spaces are suddenly filled with thousands of men sleeping on sidewalks and in open fields.
  • Soup kitchens in Delhi, the capital, have been overwhelmed. "We normally get a thousand people per day," said one worker. "Today more than 10,000 people lined up before we served our first bowl."
  • So far, more than a dozen migrant laborers have lost their lives in different parts of the country as they tried to return to their home, hospital officials said.
  • Thousands of migrants in Delhi, including whole families, packed their pots, pans and blankets into rucksacks, some balancing children on their shoulders as they walked along interstate highways.
  • Some planned to walk hundreds of miles. But as they reached the Delhi border, many were beaten back by the police under orders to now allow any crossings until further notice.
UN Global Food Supply Panel Warns of Pending Food Shortage https://www.theguardian.com/global-development/2020/mar/26/coronavirus-measures-could-cause-global-food-shortage-un-warns
  • Protectionist measures by national governments during the coronavirus crisis could provoke food shortages around the world, the UN's food body has warned.
  • A shortage of field workers brought on by the virus crisis and a move towards protectionism – tariffs and export bans – mean problems could quickly appear in the coming weeks, Maximo Torero, Chief Economist of the UN Food and Agriculture Organisation said.
  • "The worst that can happen is that governments restrict the flow of food," he said. "All measures against free trade will be counterproductive. Now is not the time for restrictions or putting in place trade barriers. Now is the time to protect the flow of food around the world."
  • "We need to be careful not to break the food value chain and the logistics or we will be looking at problems with fresh vegetables and fruits soon," said Torero. "Fruit and vegetables are also very labor-intensive... if the labor force is threatened because people can't move then you have a problem."
  • Warnings from the UN come as the EU reportedly plans to provide transportation of more than 70,000 farmworkers from Eastern Europe to France, Belgium and Spain to help with planting season. https://thehill.com/policy/international/489783-united-nations-warns-of-global-food-shortage-caused-by-coronavirus
  • Warnings were less severe in the US, which relies less on global food production for domestic consumption. "There is plenty of food in the US system," said Sonny Perdue, US Secretary of Agriculture. "The US is a net exporter of food supplies, so we can just keep more of our food at home this year."
New Report Estimates US Economic Impact at $1 Trillion GDP Losses Per Month https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Risk/Our%20Insights/COVID%2019%20Implications%20for%20business/COVID%2019%20March%2025/COVID-19-Facts-and-Insights-March-25-v3.ashx
  • A study from consulting firm McKinsey & Company estimates the total GDP impact of COVID-19 could exceed $1 Trillion per month starting from March, 2020.
  • The study includes only economic losses in the Private sector and did not calculate the impact of Government-funded bailouts or spending, and future economic losses due to higher debt payments.
  • McKinsey estimates losses in the Oil/Gas sector to exceed 50% for 2020 compared to prior forecasts, and for US retail to suffer losses in excess of 25% compared to 2019.
  • "In a Word: Catastrophic," said lead author of the study. "We'll be digging out from this hole for years to come."
  • McKinsey's study noted its estimates did not include official economic figures for Q1, 2020, expected to be released by the US Government in the coming week.
  • Overall, McKinsey is estimating a broad U-shaped recovery starting in Q3, 2020, but said it was entirely dependent on how quickly US companies could return workers to productivity as well as the impact to the global demand for US goods & technology.
  • "We don't yet know how the World will recover from COVID-19 or how long it will take. There are more unknowns than there are knowns," the study concluded.
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Government Quietly Prepares a Bank Rescue Plan - Just In Case https://www.politico.com/news/2020/03/27/congress-coronavirus-bank-rescue-152501

  • Just days after the FDIC issued a video urging Americans to not withdrawn cash from Banks, reports emerge that the US Senate and Treasury are working on separate plans to prevent banks from becoming unstable amid the COVID-19 Pandemic.
  • Plans range from limiting withdrawals for foreign investors and savers, as well as providing extra liquidity to banks to cover US Consumer withdrawals up to $10,000.
  • Washington's move to stand behind the banking industry underscores the aggressive efforts underway by officials throughout the government to prepare for the worst — including potential runs on deposits as the economic outlook darkens.
  • "The banks are in very good shape, but people are panicking anyway," said Karen Petrou, a managing partner at Federal Financial Analytics who advises bank executives on policy issues.
  • The Federal Reserve Insurance Corporation (FDIC) recently released a one-minute video encouraging people to keep their money in banks.
  • In the video, Chairman Jelena McWilliams emphasizes that hoarding cash in mattresses in 1933 "didn't pan out well for so many people." The video is intended to discourage a bank run.
  • "The last thing you should be doing is pulling your money out of the banks now, thinking that it's going to be safe for someplace else," she said in the video.
  • The FDIC has more than $2.05 billion in cash reserves, as well as a $100 billion credit line with the US Treasury to cover bank runs, according to a 2018 US Government audit.
  • US Consumers have more than $1.7 Trillion deposited at US Banks, not including home-equity loans or lines of credit.

On "GlennTV" this week, Glenn Beck exposed what is being done to our rights, our livelihood, and our nation -- all in the name of controlling the COVID-19 pandemic. Are we losing the America we love to the "Big Government virus"?

Former Obama adviser Rahm Emanuel famously said, "Never allow a crisis to go to waste," and the government has made those words their mantra. Progressive politicians, like New York City's Mayor Bill De Blasio, have already called this crisis a "case for nationalization!"

Once these "temporary government programs" are passed, usually in answer to a national emergency, there's no going back. In 2012, before he was president, Donald Trump tweeted economist Milton Friedman's prophetic quote: "Nothing is so permanent as a temporary government program."

Donald Trump was right. Case in point, we currently have 31 national emergencies still in effect that date back to former President Jimmy Carter.

The Pentagon's Cold War-era "Continuity of Government Commission" even covers health emergencies, thus allowing for federal troops to take the reins from elected civilians. Sound far-fetched? Read about it here.

According to Army doctrine publication (ADP) 3-28, distributed a July 2019, the military is authorized by the Pentagon to enforce domestic laws under "rare circumstances" – including health emergencies and natural disasters.

And then there's the issue of government surveillance ...

Below is a short clip from Glenn's Wednesday night special: "Big Government Virus: Never Let a Crisis Go to Waste". The full episode can be found exclusively on BlazeTV.com.

Use code GLENN to save $10 on one year of BlazeTV.

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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: 542,478 (up from 486,702 Yesterday)
  • Total Confirmed Deaths Worldwide: 24,369 (up from 22,022 Yesterday)
  • Total Confirmed Recovered Worldwide: 125,490 (up from 117,448 Yesterday)
  • 5% of Active Cases are considered serious (requiring hospitalization) UP from 4% Yesterday, but down from 19% in February
  • Note that 7% of US Confirmed Cases require Hospitalization
  • US has 85,749 Confirmed cases and 1,304 Deaths, up from 65,581 cases and 1,036 deaths yesterday
  • The United States of America now leads the world in total confirmed cases, with 4,409 more cases than China
  • US has 1,868 officially recovered, against 1,304 deaths

After Terrifying World Governments Into Committing Financial Suicide, UK Scientist Reduces His Death Forecast by 95% https://www.newscientist.com/article/2238578-uk-has-enough-intensive-care-units-for-coronavirus-expert-predicts/
  • The UK should now be able to cope with the spread of the COVID-19 virus, according to one of the leading epidemiologists advising the UK government.
  • Neil Ferguson at Imperial College London gave evidence yesterday to the UK's parliamentary select committee on science and technology.
  • He said that expected increases in National Health Service capacity and ongoing restrictions to people's movements make him "reasonably confident" the health service can cope when the predicted peak of the epidemic arrives in two or three weeks.
  • UK deaths from the disease are now unlikely to exceed 20,000, he said, and could be much lower.
  • His previous and dire prediction, from just 10 days ago, was that as many as 500,000 Brittons would likely die.
  • The need for intensive care beds will get very close to capacity in some areas, but won't be breached at a national level, said Ferguson.
  • The new projections are based on computer simulations of the virus spreading, which take into account the properties of the virus, the reduced transmission between people asked to stay at home and the capacity of hospitals, particularly intensive care units.
  • "We'll be paying for this year for decades to come," Ferguson said. "But if people follow the Government's guidelines, we'll be able to cope."
UK Prime Minister Positive https://news.sky.com/story/coronavirus-boris-johnson-tests-positive-for-covid-19-11964493
  • Boris Johnson, Prime Minister of the United Kingdom, has confirmed he tested positive for COVID-19
  • "Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus," he said via Twitter.
  • "I am now self-isolating, but I will continue to lead the government's response via video-conference as we fight this virus."
  • Mr. Johnson, whose partner Carrie Symonds is pregnant, will isolate for 2-weeks, a spokesperson confirmed.
  • "Together we will beat this. #StayHomeSaveLives."
"Poor People Are Immune" Claims Mexican Governor https://www.cnn.com/2020/03/26/americas/mexico-coronavirus-luis-miguel-barbosa-intl/index.html
  • The governor of the central Mexican state of Puebla told reporters Wednesday that poor people "are immune" from the coronavirus.
  • During his remarks, which broadcast live on YouTube and Facebook, Gov. Luis Miguel Barbosa posed a question, asking reporters which people were infected at the moment.
  • "The majority are wealthy people, you know," he said, answering his own question. "If you're rich you're at risk, but if you're poor, no, well us poor, we are immune."
  • There is no scientific evidence to suggest the virus affects people differently due to economic status. His remarks sparked an uproar on social media, with many questioning why a government official would spread information that has no basis in fact.
  • Barbosa noted that many of those who contracted the virus had recently traveled, suggesting a link between wealth and travel.
Trump: Maybe Don't Shake Hands Every Again https://ca.news.yahoo.com/trump-suggests-americans-shouldn-t-221802199.html
  • President Donald Trump suggested that Americans should consider giving up the tradition of greeting each other with a hand-shake -- forever.
  • Trump has set a goal of returning Americans back to work by Easter, despite the coronavirus outbreak, but he said at a White House news conference on Thursday that they shouldn't entirely abandon "social distancing" practices, especially shaking hands.
  • "Maybe people aren't going to be shaking hands anymore," Trump said, adding that he had discussed the practice with Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases.
  • "He was saying the regular flu would be cut down by quite a bit if we didn't do that - if we didn't shake hands," Trump said.
Even In A Pandemic, Fake Meat Won't Sell https://dailycaller.com/2020/03/26/coronavirus-food-shopping-vegan/
  • Vegan and plant-based can be seen in proportions that appear recently stocked at grocery stores across the US.
  • "Not even in a crisis will folks buy the plant-based hot dogs," Tweeted one observant citizen with a picture of the frozen food aisle baren except for tofu hot dogs.
  • "Let's face it, they taste like crap. I'd rather starve," said another via Twitter. "Not enough mustard in the world to cover-up that stuff."
  • Another user closed the book on the topic, "Two observations today from the grocery store. Plant-based fake-meats are not desired - and people need to smile more! Good day!"
Patriot Thomas Massie Defends Constitution, Gets Persecuted https://www.foxnews.com/politics/extreme-precautions-ordered-in-house-ahead-of-historic-vote-on-largest-stimulus-package-in-us-history
  • In no small feat of bravery, Massie stands alone against a tyranny born of fear.
  • Furious lawmakers voiced serious concerns on Capitol Hill late Thursday that a Republican House member could "go rogue" and possibly scuttle a vote on the $2 trillion coronavirus stimulus package.
  • Fox News is told there is deep worry on both sides of the aisle that Rep. Thomas Massie, R-Ky., could try to sidetrack House plans to quickly approve the coronavirus bill via a "voice vote" -- a verbal exercise in which those in favor shout yea, and those opposed holler nay. The loudest side would prevail.
  • "It's the Thomas Massie show," said one senior Republican source who asked to not be identified.
  • "He is going to do it," a senior Republican leadership source told Fox News, explaining that leadership had tried every type of arm twisting -- and it's not working.
  • The source said he was actively calling members and telling them to get on planes in the morning to come back to Washington so that a quorum of 216 members could be established if Massie were to demand one.
  • The source explained that Massie got a very forceful call from a member of the House Freedom Caucus urging him to allow the voice vote, but Massie won't budge.
  • The 880-page coronavirus stimulus package would amount to the largest economic relief bill in the history of the U.S. for individuals, large corporations, and small businesses -- and its unanimous passage in the Senate came despite grave concerns on both sides about whether it involved too much spending or not enough.
  • Massie did not respond to multiple requests for comment late Thursday. It was unclear exactly why he may want to delay the bill, which some lawmakers have said contains too much wasteful spending -- including $25 million for the John F. Kennedy Center for the Performing Arts in Washington, D.C. and $10 million to fund US Salmon hatcheries in Alaska.