What is alleged to be the most read real estate in all journalism is used to show us the new unemployment numbers. 3.3 million Americans applied for unemployment last week — almost five times the record-holding number in 1982.
Perversely, the stock market had another strong day, with the Dow Jones climbing 1,300 points, and setting Wall Street up for its best week in nearly a century. As of yesterday, the U.S. had the most known COVID-19 cases of any country in the world, with a death count of more than 1,000. Hospitals are desperate for basic supplies like ventilators, masks, personal protective equipment, and beds.
The fat cats love them some firing of the minions, and apparently are chanting “We’re #1” for us taking the lead in COVID-19 infections. The future prospects of disposing of COVID-19 dead are looking boffo. True patriots them bankers are.
And speaking of boffo sales, Gov. Cuomo tells us that face masks normally costing 58 cents each are now being quoted by sellers for $7.50, while latex gloves are going for triple their normal price and portable X-ray machines are going for as much as 20 times their pre-crisis cost.
No wonder the stock market is surging. The crooks are looting and profiteering during a crisis. And Lord Damp Nut still is not invoking the Defense Production Act, the White House has claimed it’s getting everything it needs “without putting the heavy hand of government down.”