Stockman’s Corner

Did we say it’s getting stupid crazy down there in the Imperial City?

You could call it the Senate’s Night of Infamy, but even that would hardly do justice to the catastrophe at hand. We are speaking, of course, of the upper body’s 96-0 vote on the 883 page $2 trillion bailout that passed at 11:50 PM last night without a single Senator having read it (some of them

When you consider Washington’s lightening rush to enact this $2 trillion Everything Bailout and the real purpose of its coast-to-coast soup lines, there is but one unassailable conclusion.

The level of hysteria in Washington today has probably not been exceeded in America since the Salem witch trials of 1692. Nor has the level of pillage been matched since the Visigoths sacked Rome in A.D. 410.

WTF! Washington has well and truly lost what little collective mind it had left. Its panic driven assault on financial sanity apparently has no limits whatsoever, which means there will be hell to pay when trillions upon trillions of mindless monetary and fiscal “stimulus” comes flooding into an already debt and speculation enfeebled economy now

Ground Zero for the real Covid-19 hysteria in this country this week was Washington DC. In a mere blink of the historical eye, every known rule of financial discipline, prudence and rationality was set aside by both the fiscal and monetary authorities.

The nerve of it is a wonder to behold. The US airline industry has spent a decade shoving itself into harm’s way by strip-mining their balance sheets to fund share buybacks and goose top executive stock options.

That was fast!

Hooray!

What the hell?