by David Brady, L. Sandy Maisel, Brett Parkervia Real Clear Politics
Tuesday, March 17, 2020
For nearly a year, the Democratic Party’s primary season featured unexpected surges and declines. To pundits, and many rank-and-file Democrats, it seemed like a wild ride, with capricious rises and falls. We find, however, that the change in fortunes of the Democratic field can be explained by two factors.
While the world fights the coronavirus pandemic, China is fighting a propaganda war. Beijing’s war aim is simple: shift away from China all blame for the outbreak, the botched initial response, and its early spread into the broader world. At stake is China’s global reputation, as well as the potential of a fundamental shift away from China for trade and manufacturing.
The Hoover Institution Press published a new volume about how the rise of social media and the new global information ecosystem have created conditions for the rapid spread of misinformation and disinformation that can potentially fuel conflict between nuclear powers.
Bernie Sanders has now enrolled in the Rahm Emanuel school of public policy: Never let a good crisis go to waste — it’s an opportunity to do things you could not do before. That’s the life preserver Sanders has grabbed onto as his campaign sinks into the depths, seeking to tie his goal of “political revolution” to the coronavirus crisis.
Why is the market going nuts? What should policy do? I put some of my recent thoughts in a Wall Street Journal Op-ed, here. As usual I can't post the whole thing for 30 days, but if you're clever you can find it.
The airlines are about to get a huge bailout. Why are they in such trouble? Well, yes, nobody is flying so their revenues are cratering. But why not just stop flying for a while? The answer is, they have loads and loads of debt.
Should the government make unemployment insurance more generous and easier to get in the pandemic recession? Well, yes, but it's not ideal, and a good point on which to ponder the difference between a pandemic recession and a conventional recession.
A Diamond in the Sea. In a blog post yesterday, I laid out the case that my good friend and co-author Charley Hooper made for the conclusion that the deaths from the coronavirus-induced Covid-19 disease will be comparable to the deaths from flu.
Hoover Institution fellow Victor Davis Hanson predicts that China’s Communists will rue what they begat, he talks about the new (paperback) updated and expanded edition of The Case for Trump, he scopes out the reelection chances of POTUS, and he heralds the American men and women who sweat and strain to keep us alive.
In the 1600s, self-proclaimed witch hunter Matthew Hopkins stirred public panic with his book “The Discovery of Witches,” as competing Catholics and Protestants sought to attract new followers by demonstrating their power to expose and capture “witches.”
The World Health Organization has declared a global pandemic as COVID-19, popularly known as the novel coronavirus, spreads rapidly across the world. As tumbling stock markets reveal growing fears about the potential economic impact, the Initiative on Global Markets at the University of Chicago Booth School of Business surveyed both its U.S. and European economic experts on the likelihood of a major recession.
The Chinese regime, which has “hated” the Trump administration’s “tariffs, negotiations and measures to protect US industries” from the start, is “preparing to use” the coronavirus crisis to get its revenge, warns The Washington Post’s Josh Rogin, and, “We better start taking notice.”
The Trump administration just backed a massive plan to send cash to Americans. It is, probably, the most aggressive form of stimulus Congress has the capacity of taking. And Treasury Secretary Steven Mnuchin and President Donald Trump said they are looking for quick action from Congress.