STIMULUS

                               HRH had decided not to blog on the Epidemic.

Cyclops is in the final recovery phase of two weeks of an unrelated minor pulminory infection
 and recognises that most would not appreciate my sardonic British humour at this time.
Let alone my penchant for the dark,Jewish gallows variety.

The daily performance of  Kim IL Trumpfski and his courtiers has been beyond ignorance,              self serving misinformation, and  parody.
Comments by CYCLOPS  would be largely redundant.

I have been sorely tempted to rage at the behaviour of McConnell et al crafting an outrageously unbalanced "rescue package" in the Senate.Hoping AGAIN to reward their donors and corporate leeches under cover of  the genuine need for a national program to put proper Keynesian support under the coming crash.😠

No Moscow Mitch:

• Tax cuts are not the only way to save America.
• Especially as they will only be of value after the crisis is over and 
• Profits are roaring again.😞
• Nor should there be massive,no strings attached,hand outs to 
• These these newly found zealots for Corporate Socialism.                                                                                                                                                                                                                                                                                                                                        "Let us march to Nationalise Losses and Privatise Gains--           Protect the American Way of  Capitalism"👿                                                                                                                      --- Koch Industries

                          Hopefully the Democrats will call their bluff this time.

The Federal support must go primarily to

•         unemployment relief
•         wage support, 
•         rent subsidies,
•         expanding Obamacare and Medicaid
•         local government
•         public sector workers teachers,police
•         local service and welfare providers  and
•         forgivable business loans to maintain employment. 
•         by all means throw in Trumpfski's mystical Infrastructure Programme.                                                                                                                                                                                                                                                                                        This will boost effective demand much more effectively than bailing out American Airlines and Harold Hamm's frackers.

                                    In Nancy [and Joe] We Trust😖

  A  quick aside on behalf of my fellow unreconstructed Keynesians.
We hear the heart wrenching cries from corporate America for bail outs of

•  Airlines,
• the Cruise Industry,
• Boeing,
• Honeywell and 
• the Casino Industry. 
• No,ED ,not the New York Stock Exchange.

    So a little thought excercise or two 😔 may be in order.

       1. Imagine American Airlines goes Bust.
"American travel,business,family and pleasure will be forever destroyed."💀 says AA Board,the Business Round Table,the Publican Party,American Enteprise Institute

• But what happens to the planes?          Still available parked in Arizona Desert.
• The Pilots?                                            Available to be rehired.
• The cabin crews ,check in staff?           Ditto
• sales and customer service staff ?        Ditto
• Airports?                                              Still where we left them.
• Taxis,mass transit city to airport ?        Ready to start up
• Ancilary Services                        ?        Standing By.

After the pandemic passes and Keynesian boosted Effective Demand kicks in, all these resources will be needed and brought back into service.

• UNDER NEW OWNERSHIP perhaps.
• Shareholders will lose out.
• So will "management". 
• When things were good they got the benefits
• When things are bad.....                                                                                                                                                                                                                                                                                       
• That's the way American Corporate Capitalism is purported to work.
• Does anyone recall how much AA reinvested after the Trumpian tax cuts 
• Eighteen months ago?
• No not "reinvested" in stock buy backs.
• In Training,
• increased capacity  & better equipment. 

2. Fracking King Harold Hamm and Texas, Oklahoma, Louisiana, North Dakota Publican Senators want Tariffs on "foreign" Oil.

This is a couple of weeks after Trumpfski bailed out their oversupply by

• "replenishing"the "NATIONAL EMERGENCY RESERVE"
•  He just loves those executive orders.

CYCLOPS recalls that through the fracking revolution of the early 2010s,

•  Hamm became a multi billionaire,$18 billion   but
•  Does not recall the Texan/Dakotan et al oil industry or 
• Their Senators offering to expunge
•  Their extra ordinary favourable tax breaks or
•  To share their windfall from the Saudi led $100/barrel price surge.

But now we hear that they are a vital national security essential .

• No doubt that many more smallish oil companies will go broke.
• Maybe even Hamm's 70%  personally owned Continental Resources.
• But not before he has already taken out more than $10 billion between 2000-2006

HRH posted last week that the Hamm & Oklahoma Senator Imhoff  plea for a bail out and import ban was a new definition of Chutzpah.

• During the pandemonium and deflection this week 
• Over the proposed $2 +Trillion stimulus package,
• Please take note of the deftly placed provisions for the oil boys.

  "Let us march to Nationalise Losses and Privatise Gains--
   Protect the American Way of  Capitalism"👿
                        paid and approved by the Houston,Tulsa and Bismark Oil and Cattle Men's Club.


     3.  CASINOS
 After the pandemic,panic and pandemonium pass.
 Will the Casinos be standing in Las Vegas,Tahoe & Atlantic City  

• Asked and answered .
• See # 1 above
• Cyclops need not belabour the point.

But please note that the largest donor to Trumpfski and McConnell is Sheldon Adelson,  

                       Uncle Sheldon, 86 

1. Net worth $38 billion
2. Worlds largest casino operator 
3. Las Vegas Sands
4. Venetian and Palazzo Hotels
5. Marina Bay, Singapore
6. Macau,Sands etc.
7. Donated $25+ million to Trump 2016.
8. Nickname "Trump's Patron-in-Chief."
9. Plans to invest $100+ million in Trump's reelection 
10. McConnel and other Publican candidates in 2020

It would surely be churlish for the vital Casino industry to be left out of the bailout bonanza.

• Not to say devastating to National Security
• God  
• Motherhood and 
• Apple Pie

The palace has been asked to comment on two things and tomorrow  His Highness will do so and also comment on acounter intuitive third.