V Shape Reality

Aloha kākou. The President promised a V-Shaped Economy and he has kept that promise. It is truly remarkable that the economy has recovered this quickly after going through the Covid19 Pandemic Shutdown.

A GDP that hit a historic 33.1% that has never happened in this country before. During the economic shutdown, the 2020 second quarter GDP dropped 31.4%. Now in the 3rd quarter the GDP recovered and then gained some. That was better than the 32% estimate from a Dow Jones economist survey. A surge in business and residential investment along with stronger consumer activity helped the economy after its worst-ever quarter in Q2. The previous post-World War II record was the 16.7% burst in the first quarter of 1950.

 

The CARES Act helped obviously takes some credit in keeping people employed and businesses running while the economy was recovering. The Paycheck Protection Program has provided small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead. Through the Coronavirus Relief Fund, the CARES Act provided payments to State, Local, and Tribal governments to navigate the impact of the COVID-19 outbreak.

While the news on Q3 was good for the $21.2 trillion economy, there are concerns about coronavirus case increases and worries grow over the health and economic impacts. Nearly half the 22 million jobs lost in March and April remain unfilled and the unemployment rate remains at 7.9%. In most State’s, the economy is kick-starting itself back to life. Those State’s with continuing lockdowns and Covid19 mandates will continue to struggle with their economies.

I don’t believe a second stimulus is needed from the Treasury department. Instead, I believe the President’s current economic policies should be kept in place to allow business expansion and encourage employment. State’s with lockdown mandates need to ease up on the restrictions to allow their economies to grow.

 

In my State of Hawai’i, some mandates are perplexing. For example, restaurants can reopen, but bars remain closed. It makes no sense because I have been to several restaurants and wine tastings. Each of these restaurants have bars. So what’s the difference between a bar which serves pupus (snack food) and restaurants that serve alcohol? The same unsocial distancing rules are being followed, but bars are not allowed to reopen. There’s no science or reason behind this logic.

I support my local businesses. I don’t go to chain restaurants because I wan to support and buy local. This helps our economy from the server to the grower. Buy Local and Eat Local. This keeps the local economy going. I know these people are living on thin margins, so I tip accordingly. I also try and encourage people to know where prosperity can be achieved. Especially at the ballot box. Hawai’i needs to change from a blue to red State. It’s the only way to rid ourselves from a socialist democrat totalitarian government.

Because Hawai’i is an archipelago of islands, each of the 4 state counties have various rules and restrictions. On my Island of Hawai’i, the Big Island, Covid19 restrictions are more relaxed than on the island of O’ahu. Kaua’i has the most severe restrictions. Maui has imposed restrictions on the island of Lana’i because of an outbreak of the Covid19 virus. At least each county mayors are allowed to do what’s best for their locations.

State of Hawai’i has some of most restrictive lockdown orders that is preventing the State from recovering economically. Much of those restrictions are being implemented by the Three Stooges on O’ahu.

Honolulu Mayor Kirk Caldwell (the middle stooge) is calling on the governor Ige to institute a statewide mask mandate rather than allowing counties to come up with their own rules. Caldwell has political asperations to be the next Governor of Hawai’i. Caldwell is a fascist and he’s mostly responsible for Hawai’i economic malaise. Caldwell said the state must keep mask wearing rates high in order to prevent a surge in new COVID-19 cases.

Why are they doing this now? Because they’re listening to Fhony Fauci. The nation’s leading crackpot disease expert, has said widespread mask wearing could dramatically curb the spread of COVID-19 in the United States. So like monkey see, monkey do, the three stooges are going to force people to wear masks outside, in their cars, in their homes, and in the shower, while surfing and swimming, while eating food and drinking beverages. There’s no science to proves masks prevent the virus; however, there solid evidence that masks increase the number of cases.

Recently, the State spent millions of dollars to block the H-3 Interstate and test for Covid19. After testing thousands, they only found less than a hundred cases. That money could have been better spent elsewhere. The desire by the Three Stooges to keep the State in a perpetual state of Covid19 Panic Porn is noting more than a totalitarian ego stroking.

I expect the next mandate is to have people wearing masks in their homes and the Covid19 Police showing up at your door to make sure you’re in compliance with the orders. They’re already doing this in the quarantine orders. These mandates are capricious and arbitrary. The State’s actions are punitive and detrimental to the people and to the economy.

As other States are recovering without draconian lockdown and mask orders, Hawai’i continues to suffer an economic depression. There is an exodus of people leaving the island for good. Much of the businesses and workforce will never return. This will further damage Hawai’i economy and services. There will be a growing elderly population with a declining number of physicians. Poverty will be generational with many low income families trapped without any recourse.

So while the good news about the economy is welcomed, the fallout of States mismanaged by democrat governors and mayors could hurt the nation economy over the rest of the year and into 2021. The President cannot help States that will not help themselves. The only thing we can do is vote these people out.

The President promised a V-Shaped recover and President Trump has delivered. You’d think that would be good news and reason to celebrate. A way to replicate the good economic news, but the fascistic egos of a few will spoil the prosperity for some. Sound economic policies are the reason why this recovery was possible. After the election next week, we will know if the future will look either optimistic, or pessimistic. If the economic policies of President Trump will continue, or the socialist policies of the democrats will doom this nation into another great depression. Pray for our Nation.

 

Today’s weather started cloudy skies with sprinkles and lite showers of rain. Tradewinds are lite today.  We got only 1/8 inch of precipitation in the rain gauge overnight. Temperatures are in the upper 70’s with humidity at 83%.

Kēia Ka Lā ʻOkakopa Iwakālua Kūmāiwa