Trickle Down Economics

Read My Lips, No New Cases | Dr. Fauci (Bonus Commentary)

Published by Papa Giorgio

Dennis Prager open up his 3rd hour on Friday by quickly going over Tucker Carlson’s noting Dr. Fauci’s understanding of when we can relax these quarantining and social distancing regulations (see more at DAILY CALLER)… and getting people back to work. Obviously, this cannot happen… we live in a world of trade-offs, as the Thomas Sowell video I added to this video points out (see more at RPT: “3-QUESTIONS LIBERALS NEVER ASK“). One comment I came across humorously noting the impossibility of Dr. Fauci’s statement is this: “Read my lips, no new cases!” ???????, get ready for the backlash from Leftists and #NeverTrumpers when Trump opens society before there are no new cases or deaths.

FYI — After the opening monologue, I truncated calls to almost exclusively include Dennis’ response… so while this sounds like almost an un-edited audio clip, stitch together portions of his third hour as well as add media.

Here are a few articles or blogposts I think are important to understand the irresponsibility of basing public policy on these faulty models:

  • WOW! Dr. Fauci Now Says, “You Can’t Really Rely Upon Models” …WTH? (GATEWAY PUNDIT)
  • Birx Warns of Inaccurate Models Predicting Large Spread Of Coronaviruses (FR24 NEWS)
  • Numerators and Denominators in the Coronavirus Saga (AMERICAN THINKER)
  • Are Covid-19 Models A Sound Basis For Public Policy? [With Comment By Paul] (POWERLINE)
  • Complicated Mathematical Models Are Not Substitutes for Common Sense (NATIONAL REVIEW)
  • Inaccurate Virus Models Are Panicking Officials Into Ill-Advised Lockdowns (THE FEDERALIST)
  • We Cannot Destroy The Country For The Sake Of New York City (THE FEDERALIST)
  • Coronavirus Modeling Had Faulty Assumptions, the Real Data Gives Us Hope (PJ-MEDIA)
  • The Scientist Whose Doomsday Pandemic Model Predicted Armageddon Just Walked Back The Apocalyptic Predictions (THE FEDERALIST)
  • Epidemiologist Behind Highly-Cited Coronavirus Model Drastically Downgrades Projection (DAILY WIRE)

BONUS COMMENTARY

TUCKER: WORLD HEALTH ORGANIZATION PRAISES CHINA, DENIES TAIWAN’S EXISTENCE: World Health Organization would rather deny Taiwan’s existence than offend the Chinese government; reaction from Gordon Chang, author of ‘The Coming Collapse of China.’

TUCKER: THE NEW YORK TIMES’ CORONAVIRUS COVERAGE CAN BE EXPLAINED IN 4 STEPS: The establishment press has botched coronavirus from the beginning.

INGRAHAM: WHAT IS THE NEW NORMAL? If it means abandoning the life we loved before coronavirus or using this the crisis as a vehicle for advancing a left-wing, freedom-killing agenda, count us out.

Shutting Down America – Is It Worth It?

Published by Papa Giorgio

This is an excerpt of the longer interview below… but this is the money quote[s]… also, I was under  the impression Italy had more hospital rooms for their population… this is not the case!

  • More than 99% of Italy’s coronavirus fatalities were people who suffered from previous medical conditions, according to a study by the country’s national health authority. (BLOOMBERG)
  • In Italy, a country with one of the world’s oldest populations, a March 4 analysis by the national health institute found that of the 105 patients who died from the virus, the average age was 81. This put a 20-year gap between the average age of people who tested positive for the virus and the deceased, the institute said. On Friday, an ICU physician in Lombardy — the epicenter of Italy’s outbreak — told JAMA there have been only two deaths of people under the age of 50. (VOX)

CRITICAL CARE BEDS PER-CAPITA (USA #1)

…In order to show where that pressure could be highest, the following infographic pulls together data from three different sources to show the number of critical care beds per 100,000 inhabitants in different countries. According to a paper published in the Intensive Care Medicine journal utilizing 2012 data, Italy had 12.5 ICU beds per 100,000 of its population that year while Germany had 29.2 ICU beds per 100,000 inhabitants. A different paper published by the National Center for Biotechnology Information in 2015 states that capacity in the United States is even higher at 34.2 ICU beds per 100,000 people.

In South Korea where a major testing push has led to a reduction in the rate of daily new infections, ICU bed capacity stood at 10.6 beds per 100,000 of the population in 2017. That’s according to an analysis published in the Critical Care Medicine journal in January of this year. It also found that the situation is worse in China and India where the number of critical care beds per 100,000 people stands at just 3.6 and 2.3 respectively….

(FORBES)

Dennis Prager interviewed Victor Davis Hanson regarding his article[s] discussing the nations response to the Coronavirus. [Editor’s note: I swear, we are a nation of pussies!] Below are some articles that I think are must reads, Hanson’s articles included:

I think these are must read articles:

Dennis Prager discusses his article entitled “Why the Remedy May Be Worse Than the Disease” (https://tinyurl.com/v3u542j). In the process he merely asks some thought provoking questions, discusses the inability of people to allow for opinions that differ with theirs in discussion.

Trickle Down Economics Myth |Updated|

Published by Papa Giorgio

Here are some excerpts of Thomas Sowell’s article, the TRICKLE DOWN LIE (emphasis added):

New York’s new mayor, Bill de Blasio, in his inaugural speech, denounced people “on the far right” who “continue to preach the virtue of trickle-down economics.” According to Mayor de Blasio, “They believe that the way to move forward is to give more to the most fortunate, and that somehow the benefits will work their way down to everyone else.”

If there is ever a contest for the biggest lie in politics, this one should be a top contender.

While there have been all too many lies told in politics, most have some little tiny fraction of truth in them, to make them seem plausible. But the “trickle-down” lie is 100 percent lie.

It should win the contest both because of its purity — no contaminating speck of truth — and because of how many people have repeated it over the years, without any evidence being asked for or given…

[….]

…Back in 2008, presidential candidate Barack Obama attacked what he called “an economic philosophy” which “says we should give more and more to those with the most and hope that prosperity trickles down to everyone else.”

Let’s do something completely unexpected: Let’s stop and think. Why would anyone advocate that we “give” something to A in hopes that it would trickle down to B? Why in the world would any sane person not give it to B and cut out the middleman? But all this is moot, because there was no trickle-down theory about giving something to anybody in the first place.

The “trickle-down” theory cannot be found in even the most voluminous scholarly studies of economic theories — including J.A. Schumpeter’s monumental “History of Economic Analysis.”

[….]

But, contrary to Mayor de Blasio, this is not a view confined to people on the “far right.” Such liberal icons as Presidents John F. Kennedy and Woodrow Wilson likewise argued that tax rates can be so high that they have an adverse effect on the economy.

In his 1919 address to Congress, Woodrow Wilson warned that, at some point, “high rates of income and profits taxes discourage energy, remove the incentive to new enterprise, encourage extravagant expenditures, and produce industrial stagnation with consequent unemployment and other attendant evils.”

In a 1962 address to Congress, John F. Kennedy said, “it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”

This was not a new idea. John Maynard Keynes said, back in 1933, that “taxation may be so high as to defeat its object,” that in the long run, a reduction of the tax rate “will run a better chance, than an increase, of balancing the budget.” And Keynes was not on “the far right” either.

The time is long overdue for people to ask themselves why it is necessary for those on the left to make up a lie if what they believe in is true.

Below are two short clips regarding “Trickle Down.” One is a clip from Sowell’s audio book, “Basic Economics A Citizen’s Guide to the Economy 2nd Edition” (left – 4:25 minutes). The other is the same info but during an interview (right – 3:08 minutes):

HERE is the entire “Uncommon Knowledge” interview discussing “Trickle Down” rhetoric and “Taxing the Rich.” BELOW is a Reagan myth exploded in an interview of Tavis Smiley by Larry Elder:

~ BONUS ~