Inflationary Thursday – Lael Brainard Testifies to Congress

Omnicron is still surging.  

I know this chart can be surprising to some of you who were just watching the "news" about how Fauci is losing his cool as Republican Senators continue their campaign to discredit him and his "facts" but perhaps it's also a fact that Senator Roger Marshall (R-Kan) is a moron – as with everything else, he refuses to be tested….

What the Republicans are trying to "prove" of course is that Fauci invested in some company that makes vaccines or something (we bought GILD, PFE. MMM and MRNA early on in the Covid cycle as it seemed sensible) to "prove" this who vaccine thing is nothing but a profit-making hoax for Fauci – kind of like the way Florida's ex-Governor (and now Senator), Rick Scott pushed for welfare recipients to be drug-tested by a company he had a $62M investment in.  That's one thing about Republicans – they know how all these scams work – because they originated them!

It's not so much that Covid is just a giant scam that is angering the GOP but that they didn't get in on the ground floor - since their leader was so busy pretending it didn't exist at all until he finally caught it himself.  That made it impossible for Republican lawmakers to invest in vaccine companies without being branded a "traitor" to the party – and now they are bitter about missing out.

Republicans also need Covid to be over so their other investments can make money.  They are working hard to start a new war with Russia or China but, in the middle of a Global Pandemic, it's hard to get people worked up about protecting the Ukraine or keeping Taiwan independent (we gave up Hong Kong without a fight).  Since the virus isn't going away on it's own, they are going back to the playbook of denying it is actually a threat and attacking anyone who says it is.  

Yes, 4 TIMES as many cases as our previous, pre-vaccine peak and only 110% as many hospitalized (though it's a lagging indicator) is a "milder" form of Covid but the hospitals are being overwhelmed and we're running out of supplies and doctors and nurses are…

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