Join Jim and Greg as they applaud former New York Times opinion writer Bari Weiss for resigning and blasting the Times for becoming a forum only for the far left. They also chronicle Joe Biden’s ongoing embrace of the Bernie Sanders agenda, which is curious since he was nominated for not being Bernie Sanders. And they dissect the ego and delusion required for New York Gov. Andrew Cuomo to create a poster to explain what a terrific job he did handling the COVID outbreak in his state.
Many different models of coronavirus infections and deaths are constantly in the news, and one promiment voice in the debate says the speed with which the models change gives us a very good look at the flaws in climate modeling and the “extreme” solutions being offered by advocates of the Green New Deal and other proposals.
Christopher C. Horner served on President Trump’s landing team at the Environmental Protection Agency during the presidential transition in late 2016 and early 2017. Hormer also spent 20 years at the Competitive Enterprise Institute and is now an attorney and board member at Government Accountability and Oversight.
Horner says models have two areas ripe for intentional or unintentional manipulation – the assumptions built into the models and the quality of the data fed into them.
“If you want carbon dioxide to be a control knob, then you build that into your model. That’s an assumption. And you can have other assumptions about the impact of clouds as you believe it to be or sun.
“Even the UN says, ‘Well, we don’t quite know the sun’s impact on climate.’ So, maybe come back to me when you do. That seems like a big one,” said Horner.
Horner says the rapidly fluctuating coronavirus infection and death projections even while consistently assuming social distancing and other mitigation efforts shows climate models are anything but predictive for decades or centuries from now.
In this podcast interview with Radio America’s Greg Corombos, Horner explains how the coronavirus response is a red flag for those considering dramatic economic action on the climate but he also explains how the two issues are different in very significant ways – and that climate models even admit their sweeping proposals wouldn’t accomplish anything.
On Thursday, the Department of Labor reported more than 4.4 million jobs lost in the past week. Over the past five weeks, 26.4 million people have filed first-time jobless claims.
What are the short-term and long-term economic impacts of this hemorrhaging of jobs, productivity, and revenue? How much has the Paycheck Protection Program helped? And how aggressively can our economy re-engage when we’re already hearing some schools may not be opening in the fall and the Centers for Disease Control believes the coronavirus could be worse in the coming winter than it is now?
Brian Wesbury is chief economist at First Trust Advisors in Wheaton, Illinois, and formerly served as chief economist for the Joint Economic Committee of Congress. He walks us through these difficult questions, explains the indicators for and against a rise in inflation, and sizes up the recent volatility in the oil markets.
Don’t miss this critical conversation on the state of our economy.
Join Jim and Greg for three crazy martinis that could easily be all bad. First, they comment on oil prices plummeting faster than we can keep up with them and discuss why our economy suffers if prices are too low for too long. They also recoil as one vaccine expert says the public should brace for the possibility that it may be very difficult or impossible to develop a coronavirus vaccine – although he is from the WHO. And they hammer New York City Mayor Bill de Blasio for urging New Yorkers to rat on their neighbors for not properly social distancing.
Coronavirus fears are driving the massive Wall Street sell-off, but turmoil in the oil market is also contributing to the instability. Even with demand falling due to the virus, Saudi Arabia is increasing production in order to drive prices down. Their goal is to drive American energy producers – particularly fracking shale producers out of business.
So how dire is the financial condition for U.S. energy producers and what is the Trump administration considering to help these companies?
American Petroleum Institute President Mike Sommers details what’s on the table and why he doesn’t want any federal interference in the energy market. He also explains what government action would do some good and why the energy industry is built for the long haul.