A current government move to control the means of production—classic socialism when the controls are widespread—is this, involving what’s left of our nation’s insurance industry, at the State level.
In at least three states, lawmakers have proposed legislation to force insurers to pay billions of dollars for business losses tied to government-ordered shutdowns.
Never mind what already agreed policies say. To Hell with signed contracts. Government men Know Better, and being above petty commitments themselves, can’t conceive the idea that commitments actually matter in a free society, in a free market economy.
Some regulators have declared moratoriums on cancellations and nonrenewals of policies.
And contracts. Since the SARS epidemic of some years ago, insurers have declined to cover losses related to virus or bacteria damage, and they wrote their policies to that effect. State regulators—who controlled and still control the structure of insurance policies and the premiums allowed to be charged for those policies outside Obamacare—agreed.
New Jersey Assemblyman Roy Freiman, a Democrat, introduced a bill that would retroactively rewrite interruption coverage contracts and force insurers to foot some losses for any policyholder with fewer than 100 full-time employees.
Contracts be damned. They don’t fit the Progressive-Democrat agenda, so by Progressive-Democrat-run Government fiat, they must be tossed.
Ex-Congressman Dan Lipinski (D, IL) lost his State’s primary election largely—almost entirely—because of his pro-life position on abortion. He wrote an op-ed for The Wall Street Journal explaining how that loss came about:
I faced it [the question of whether he should have changed his abortion stance to win the primary] head-on in my statement. I defended my pro-life position, which is rooted in both my Catholic faith and science. “I could never give up protecting the most vulnerable human beings in the world, simply to win an election,” I said. “My faith teaches, and the Democratic Party preaches, that we should serve everyone, especially the most vulnerable. …”
The Federal government requires pharmaceutical companies to prove that their drugs are both safe and effective before putting them on the market. Before 1962, companies needed to prove only safety. While there is some appeal to this two-hurdle approach, evidence suggests that there is only a slight benefit and a tremendous cost. With the COVID-19 pandemic sweeping the world, there has never been a better time to revoke the Food and Drug Administration’s efficacy requirement.
Karl Rove had a piece in The Wall Street Journal, and he had this comment about the situation in which Progressive-Democratic Party Presidential candidate Joe Biden finds himself:
Mr Biden must also decide soon whether to keep moving left or emphasize that he’s a more centrist [Progressive-]Democrat. Picking the first course would suggest that he believes victory this fall depends on mobilizing Senator Bernie Sanders’s [I,VT] backers by agreeing with many of the Vermonter’s views.
Picking the second would indicate that he thinks the key to victory lies with suburbanites who swung to Democrats in 2018, and that he’ll get the Bernie vote by being the alternative to Mr Trump, not the instrument to enact a socialist agenda.
But Mr Biden may already have moved too far left for some suburbanites….
In spades, according to the US Olympic & Paralympic Committee:
…America’s amateur sports organizations stand to lose as much as $800 million from coronavirus-driven cancellations, including the postponement of the 2020 Tokyo Games until next year.
Color me unsympathetic. At least not until after the various civil and criminal cases over the women and girl athlete sexual and child abuses so rampant in our sports scamps—especially our Olympic and Olympic-prep camps—have finished their trek through our courts, and convicted miscreants are paying their compensatory damages and/or are serving their times in jail.
The Wall Street Journal‘s editors are stewing about the Wuhan Virus relief bill that just passed the Senate. To an extent, the WSJ is justified in its concern; $2 trillion isn’t chump change (the editorial was written before the Senate voted the bill up, so details at the link might differ from Senate-passed reality). Couple things about the paper’s concern, though.
The bill includes $250 billion for $1,200 payments to Americans whether or not they’re affected by the virus. The cash will do little or nothing to help an economy closed by government fiat.
Retailers are beginning to suspend, or cancel outright, orders from their Asian factories and other suppliers. So far, it’s intended to be temporary; for example:
Ulrika Isaksson, an H&M spokeswoman, said “our long-term commitment to suppliers will remain intact, but in this extreme situation we need to respond fast.”
The suspensions and cancelations might—might—seem warranted regarding Asian suppliers, but the temporary nature of them, to the extent they’re warranted at all, should be limited to South and East Asia—in the main, Vietnam, Republic of Korea, and Japan.
As we contemplate (what should be) a one-time support/subsidy for airlines in the midst of the present Wuhan Virus situation, a letter writer to The Wall Street Journal‘s Letters facility had a suggestion.
[I]f we the people are going to bail out the airlines then a caveat should be that senior executives take a pay cut and don’t receive their usual massive bonuses.
Agreed, but they’re not the only ones. The management teams of the various airline industry unions—national and Local—also should be required to take substantial pay cuts and forego their benefits, however the unions might couch the labels on those benefits.
And now the Greens, the climatistas, have shown their true colors. Valentin Dupouey, Head of the Communications Unit at European Green Party, say this, as paraphrased by Eric Worrall, writing for Watts Up With That?:
[A] major overhaul of Democracy is required to force acceptance of the economic de-growth required to address the climate crisis.
Because we’re just too screamingly stupid to know what’s good for us, so to hell with us—the Greens will do democracy for us.
And this, a direct quote from the Right Reverend Dupouey [emphasis Dupouey’s]: