DISGUSTING EVENTS

I have been writing a rant for the last two weeks and stated I was going to continue writing my autobiography.  Today just struck me as a day that should live in infamy.  Trump fires the only roadblock to his unfettered ability to dole out benefits to his cronies and contributors without any oversight.  He fired the last impediment to visibility into the corporate socialistic individual gifts that is being grifted by his cronies. 

He fired the Inspector General. The one individual responsible for the transparency and overseeing that the statutes are followed and that fraud and abuse (which abounds in this administration) is reported and rectified.  One can only speculate Trump’s motivation for this man being fired.  The replacement would normally be confirmed by congress.  His appointment will only be temporary since Congress is not in session and so Trump can appoint any sycophant he likes.  Transparency-what could go wrong?   He would not go to the best suited branch of the government-the Defense Department VA that runs the largest procurement agency that purchases medical equipment because the Defense Contract Audit Agency DCAA oversight he has yet to politicize.

The other disgusting event is the private equity company’s insistence on bailout monies.  The same ones that brought the last Obama bailout, wants a hand out.  Huh?? The term equity denotes a risk venture.  That’s why they call it risk capital.  Capitalism is based on equity.  The top 1% of income, those with the most wealth want to recover and get some of the free money.  Any dole out to these bandits that do the risk investment that have gone down due to the virus, is dumb. 

The individual companies and entities that they have investments in are already getting their share.  The taxpayer could pay 3 times the amount doled out by this insanity.  The first is the bailout to the companies or counties or cities that get an outright grant for keeping their employees even though they were highly leveraged with debt owned by the private equity entities.  This enhances bond viability and for the bondholders (equity firms) this is mania. The grant for large corporations that aren’t viable will fail after the pandemic is over, however they can claim their losses restructure and get future write-offs for loses.  These write-offs are subtracted from profits and thus the taxpayer pays again.  The third way is, the taxpayer pays the debt that has been incurred by stupidity.  So you pay the equity firm (no 1), the entities that are supported by the equity firm (no 2), and then the taxpayer pays the whole tab -the national debt (no 3) .  If the money was put in the taxpayers hand the equity firm, and the entities the public wants to remain viable would remain and we do not pay 3 times for stupidity.  Don’t you just love unfettered government spoiling Capitalism with Political Socialistic Capitalism?

My third turd of the day is the Clown in Chief insistence in the drug chloroquine as an unproven mediation of the effects of The Rona.  At first I thought it was to gain favors with Modi the prime minister of India where the base ingredients for the drug is obtained.  Today it was found that the Trump Organization has large holdings of a mutual fund that has as its primary holding one of the manufacturers of the drug.  Could this be a coincidence?  The other factor is Giuliani pushing with antidotal evidence and no trial data in support of the Presidents claim of its effects.  He has also ordered to stockpile the drug, in lieu of having the pharmaceutical industry concentrate on the virus.

I just can’t help myself!  Help – the election cant be soon enough.  Cant there be another impeachment for incompetence?