Protests and Looting Continue After Philadelphia Cops Fatally Shoot a Knife-Wielding Man Experiencing a ‘Mental Crisis’

Walter-Wallace-shooting

Philadelphia saw a second night of protests and looting yesterday following Monday’s police shooting of Walter Wallace Jr., a 27-year-old aspiring rapper who was wielding a knife while experiencing what his family described as a “mental crisis.” Wallace’s relatives say police could have defused the situation without using lethal force.

Last night about 500 people staged a peaceful march in West Philadelphia to protest Wallace’s death, while others of a more avaricious bent took advantage of the situation several miles away. “After looting Monday night into Tuesday morning in West Philadelphia, hundreds of people were back out ransacking businesses 24 hours later,” WPVI, the local ABC station, reports. “Hundreds of people could be seen running in and out of businesses along Aramingo Avenue in the city’s Port Richmond section, including a Foot Locker, Burlington, Target and Dollar General. Some could be seen with their hands full of merchandise, jumping in cars before police arrived.”

A bystander’s cellphone video of the shooting shows two officers repeatedly ordering Wallace to put down the knife as he approaches them and they back away. The Philadelphia Police Department says the officers each fired seven rounds, although it is not clear at this point how many struck Wallace.

Wallace’s mother, Catherine Wallace, says police should have known her son was having a mental breakdown because they had been called to the family’s house three times that day. Shaka Johnson, a lawyer representing Wallace’s family, noted that the officers were not carrying tasers, which might have provided a less lethal way to subdue him. “When you come to a scene where somebody is in a mental crisis, and the only tool you have to deal with it is a gun…where are the proper tools for the job?” he asked.

Wallace was the father of nine children, and Johnson said his wife was about to give birth to a 10th. In 2013, WPVI reports, Wallace “pled guilty to assault and resisting arrest after punching a police officer in the face.” Around the same time, “a judge ordered Wallace to undergo a psychiatric evaluation and treatment.”

The officers were wearing body cameras, but the footage has not been released yet. The police department is investigating the shooting. “We’re confident that investigators will conduct an exhaustive and transparent review of all the facts related to this tragic incident,” said Fraternal Order of Police Lodge 5 President John McNesby.

“The public deserves a transparent and honest accounting of what happened,” City Council Member Jamie Gauthier writes in a Philadelphia Inquirer op-ed piece published today. “Officers need more intensive training on de-escalation techniques and use of nonlethal weapons….We must immediately ramp up investments in mental health supports for first responders and the communities they serve.”

More on that from Sally Satel in Reason‘s October issue.

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Protests and Looting Continue After Philadelphia Cops Fatally Shoot a Knife-Wielding Man Experiencing a ‘Mental Crisis’

Walter-Wallace-shooting

Philadelphia saw a second night of protests and looting yesterday following Monday’s police shooting of Walter Wallace Jr., a 27-year-old aspiring rapper who was wielding a knife while experiencing what his family described as a “mental crisis.” Wallace’s relatives say police could have defused the situation without using lethal force.

Last night about 500 people staged a peaceful march in West Philadelphia to protest Wallace’s death, while others of a more avaricious bent took advantage of the situation several miles away. “After looting Monday night into Tuesday morning in West Philadelphia, hundreds of people were back out ransacking businesses 24 hours later,” WPVI, the local ABC station, reports. “Hundreds of people could be seen running in and out of businesses along Aramingo Avenue in the city’s Port Richmond section, including a Foot Locker, Burlington, Target and Dollar General. Some could be seen with their hands full of merchandise, jumping in cars before police arrived.”

A bystander’s cellphone video of the shooting shows two officers repeatedly ordering Wallace to put down the knife as he approaches them and they back away. The Philadelphia Police Department says the officers each fired seven rounds, although it is not clear at this point how many struck Wallace.

Wallace’s mother, Catherine Wallace, says police should have known her son was having a mental breakdown because they had been called to the family’s house three times that day. Shaka Johnson, a lawyer representing Wallace’s family, noted that the officers were not carrying tasers, which might have provided a less lethal way to subdue him. “When you come to a scene where somebody is in a mental crisis, and the only tool you have to deal with it is a gun…where are the proper tools for the job?” he asked.

Wallace was the father of nine children, and Johnson said his wife was about to give birth to a 10th. In 2013, WPVI reports, Wallace “pled guilty to assault and resisting arrest after punching a police officer in the face.” Around the same time, “a judge ordered Wallace to undergo a psychiatric evaluation and treatment.”

The officers were wearing body cameras, but the footage has not been released yet. The police department is investigating the shooting. “We’re confident that investigators will conduct an exhaustive and transparent review of all the facts related to this tragic incident,” said Fraternal Order of Police Lodge 5 President John McNesby.

“The public deserves a transparent and honest accounting of what happened,” City Council Member Jamie Gauthier writes in a Philadelphia Inquirer op-ed piece published today. “Officers need more intensive training on de-escalation techniques and use of nonlethal weapons….We must immediately ramp up investments in mental health supports for first responders and the communities they serve.”

More on that from Sally Satel in Reason‘s October issue.

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Lockdown Loquaciousness Launches Licentious Liquidations

Lockdown Loquaciousness Launches Licentious Liquidations

Tyler Durden

Wed, 10/28/2020 – 16:01

It seems all the talk about lockdowns has finally triggered more than a few snowflakes as today’s price action had the feel of widespread liquidation with stocks, bonds, commodities, and crypto all being dumped as safe-haven flows sent the dollar soaring…

Statistically, today is the best day of the year for the S&P 500 (which is somewhat offset by the fact that historically, tomorrow is the date when the Great Depression started in 1929), but today was ugly with all the major US equity indices down 3-4% (Nasdaq was the laggard, worst day since Sept 8th – Nasdaq down 9 of last 12 days)…

Stoxx 600 fell to its lowest since May, plunging over 3% today. Merkel’s decision to reinstate lockdowns sparked the worst day for DAX since March…

Source: Bloomberg

Today’s plunge erased all of October’s gains for the S&P, Dow, and Nasdaq (Small Caps remain green)…

The Dow is back at early August lows, crashing almost 1000 points today…Double-Top Much?

All the major US equity indices broke below key technical levels (50-day moving-average) and the S&P broke below its 100DMA

The opening puke was on the back of the 4th biggest sell-program this year…

Source: Bloomberg

Value continues to be dumped in favor of momentum (growth stocks were also liquidated today)…

Source: Bloomberg

FANG stocks slumped today…

Source: Bloomberg

VIX and stocks remain notably decoupled…

Source: Bloomberg

VIX surged above 40, its highest since June…

The VIX term structure surged even more into backwardation after its brief contango around the election…

Source: Bloomberg

Implied Correlation surged once again, flashing a very red flag that traders are preparing for an imminent systemic event…

Source: Bloomberg

Today was ‘different’ as from the open of the cash equity market, bonds and stocks were both sold…

Source: Bloomberg

Which reflexively sparked ugliness in risk-parity-land…

Source: Bloomberg

Bonds & Stocks combined had their worst day since June today…

Source: Bloomberg

Yields were all marginally higher on the day (despite the equity weakness) with the long-end marginally worse than the short-end…

Source: Bloomberg

10Y Yield bounced of 75bps at the US equity cash open…

Source: Bloomberg

Real yields rose notably on the day, weighing on gold…

Source: Bloomberg

And all this liquidation sent the USDollar higher…

Source: Bloomberg

Cryptos were mixed with Bitcoin and Ethereum lower and Bitcoin Cash bid…

Source: Bloomberg

Bitcoin was also liquidated, back below $13000, but bounced back above it in the afternoon…

Source: Bloomberg

The dollar gains (and liquidations) sent commodities reeling with oil crashing (not helped by inventory and demand fears), pushing WTI below $40 (actually briefly trading with a $36 handle)…

Gold clubbed like a baby seal back below $1900…

And silver slammed back under $24…

 

And finally, the odds of a ‘blue-wave’ continue to slide…

 

Source: Bloomberg

And the “PCR casedemic” continues to rage but the “deaths”… not so much!

Source: Bloomberg

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#CancelSpotify – Joe Rogan Sparks Leftist Meltdown With Alex Jones Podcast

#CancelSpotify – Joe Rogan Sparks Leftist Meltdown With Alex Jones Podcast

Tyler Durden

Wed, 10/28/2020 – 15:40

Authored by Paul Joseph Watson via Summit News,

Leftists were triggered Tuesday as Infowars guru Alex Jones was able to appear on a big tech platform without being censored or banned.

Jones was once again a guest on The Joe Rogan Experience, however, it was the first time Jones has appeared since Rogan moved to Spotify, prompting scores of butthurt leftists to immediately begin lobbying the streaming service to take down the episode.

The Independent complained that “Rogan and Jones appeared in a photo that showed them failing to practise social distancing,” before noting that “critics called out Spotify for hosting Jones via the episode when he is supposed to have been banned from the platform.”

Christine Pelosi, Nancy Pelosi’s kid, claimed that “Alex Jones posted death threats against me. He called Sandy Hook a hoax and harassed mourning families. Now he is lying about covid vaccines. His hate speech is not just vile – it’s dangerous. WTH Spotify?”

Pelosi picked up on posts from “free speech activist” Nathan Bernard, who seemed to be exclusively calling for Jones’ and Rogan’s free speech to be shut down:

As soon as they heard that Jones was on the podcast, Leftist “reporters” began harassing Spotify demanding to know why Jones isn’t banned

CNN’s resident bed wetter also got in on the act:

Aside from spewing their usual vitriol against Jones, Soros propaganda arm Media Matters also went after Comedian Tim Dillon, who appeared alongside Jones and Rogan on the podcast, insinuating that he is a racist for expressing disdain over Democrat efforts to defund police.

Other leftists cried to Spotify, threatening to cancel their accounts, along with the hashtag #cancelspotify, which is highly ironic given that a large portion of Jones and Rogan’s conversation centred around cancel culture:

Cry some more…

Given that Jones’ last appearance on Rogan was the most listened to podcast in a decade, Spotify is likely not all that worried about these 14 snowflakes canceling:

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Morris P. Fiorina: Why ‘Electoral Chaos’ Is Here To Stay

biden-trump-debate

Very little will likely be decided on Election Day, says Stanford and Hoover Institution political scientist Morris P. Fiorina, and that’s not simply because a historically high percentage of mail-in ballots means the final tally might not be known for weeks or even months.

Fiorina says we are in an extended age of what he calls “unstable majorities” because neither the Republican Party nor the Democratic Party is popular enough to get and hold enduring legislative power. The result is a historically rare period in which control of the White House and each house of Congress regularly flips back and forth between the two parties.

Fiorina says the main cause of such “electoral chaos” is the way that parties select candidates and platforms. Party activists are more ideological and less representative not simply of most Americans but even of the other members of their own parties. When they take control, the parties push extreme agendas at odds with popular opinion, resulting in regular turnover the next time there’s an election. In 2008, for instance, Barack Obama and the Democrats won in a landslide before losing control of Congress two years later. Similarly, Donald Trump won the White House in 2016 and had a Republican Congress, only to lose the House two years later.

Fiorina, who describes himself as a “soft libertarian,” expects Joe Biden to win next week and figures it’s likely that the Democrats will win a majority in the Senate while keeping the House. But he also expects “electoral chaos” to characterize the 2022 midterms and the 2024 presidential election because the underlying conditions that produce such unstable majorities haven’t changed.

Despite deep discord stoked by COVID-19 lockdowns, economic collapse, and racial tensions, Fiorina is guardedly optimistic about the future. His work in books such as Culture War? The Myth of a Polarized America shows that citizens actually agree overwhelmingly on many issues (including abortion, marijuana legalization, gay rights, and free trade) despite divisive political rhetoric. “There are big problems and no one seems to have a good idea of how to get a handle on them,” he grants. But comparing the current moment to the late 1960s and early ’70s, though, he says “we’re not on the verge of civil war” and that today’s violence is far less intense or extensive. “We somehow muddled through [the ’60s],” he says, “and so I think we will probably as a country do that again, although it won’t be pretty and it won’t be quick.”

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Morris P. Fiorina: Why ‘Electoral Chaos’ Is Here To Stay

biden-trump-debate

Very little will likely be decided on Election Day, says Stanford and Hoover Institution political scientist Morris P. Fiorina, and that’s not simply because a historically high percentage of mail-in ballots means the final tally might not be known for weeks or even months.

Fiorina says we are in an extended age of what he calls “unstable majorities” because neither the Republican Party nor the Democratic Party is popular enough to get and hold enduring legislative power. The result is a historically rare period in which control of the White House and each house of Congress regularly flips back and forth between the two parties.

Fiorina says the main cause of such “electoral chaos” is the way that parties select candidates and platforms. Party activists are more ideological and less representative not simply of most Americans but even of the other members of their own parties. When they take control, the parties push extreme agendas at odds with popular opinion, resulting in regular turnover the next time there’s an election. In 2008, for instance, Barack Obama and the Democrats won in a landslide before losing control of Congress two years later. Similarly, Donald Trump won the White House in 2016 and had a Republican Congress, only to lose the House two years later.

Fiorina, who describes himself as a “soft libertarian,” expects Joe Biden to win next week and figures it’s likely that the Democrats will win a majority in the Senate while keeping the House. But he also expects “electoral chaos” to characterize the 2022 midterms and the 2024 presidential election because the underlying conditions that produce such unstable majorities haven’t changed.

Despite deep discord stoked by COVID-19 lockdowns, economic collapse, and racial tensions, Fiorina is guardedly optimistic about the future. His work in books such as Culture War? The Myth of a Polarized America shows that citizens actually agree overwhelmingly on many issues (including abortion, marijuana legalization, gay rights, and free trade) despite divisive political rhetoric. “There are big problems and no one seems to have a good idea of how to get a handle on them,” he grants. But comparing the current moment to the late 1960s and early ’70s, though, he says “we’re not on the verge of civil war” and that today’s violence is far less intense or extensive. “We somehow muddled through [the ’60s],” he says, “and so I think we will probably as a country do that again, although it won’t be pretty and it won’t be quick.”

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House To Consider Authorizing ‘Mother Of All Bombs’ Sale To Israel 

House To Consider Authorizing ‘Mother Of All Bombs’ Sale To Israel 

Tyler Durden

Wed, 10/28/2020 – 15:25

Israeli media is reporting that defense officials plan to soon obtain the “mother of all bombs” or a MOAB from the United States

The GBU-43/B Massive Ordinance Air Blast bomb (MOAB) is the most powerful non-nuclear bomb in the US arsenal, which over recent years has seen occasional use in Afghanistan against ISIS, Taliban and al-Qaeda terrorists. It’s especially brought in as a bunker-buster when smaller conventional munitions can’t dislodge enemy combatants. 

Eglin Air Force Base photo shows the GBU-43/B Massive Ordnance Air Blast bomb, or MOAB.

Sales of the MOAB to Israel is expected to be put before the House on Friday in a bipartisan bill – part of the newly enacted policy of the US assisting Israeli in its “military edge” over Arab countries in the region. If passed it would pave the way for Israel eventually being able to obtain the massive weapon.

Last week Secretary of Defense Mark Esper and Israeli Defense Minister Benny Gantz met at the Pentagon and signed a joint declaration affirming Washington’s commitment to ensure Israel’s ‘Qualitative Military Edge’. This after Israeli officials expressed concern that the latest US-brokered peace deals between Tel Aviv and Arab countries – so far including UAE, Bahrain, and Sudan – would open up their countries further to obtaining high-tech American military hardware. 

Friday’s expected legislation is being spearheaded by Rep. Josh Gottheimer (D-NJ) and Rep. Brian Mast (D-FL), with Gottheimer putting out a statement saying the bill will “help shore-up Israel’s QME in the region and secure both of our countries from the threat of a nuclear-armed Iran.”

Footage of MOAB dropped over Afghanistan:

Current US federal law actually forbids the sale of bunker busters to foreign countries, thus Israel would be the first if the bill is passed. It’s also banned under the New START treaty with Russia, which however unless it is renewed is set to expire early next year.

Israel sees the MOAB as crucial in a future scenario where it could potentially take out Iranian underground nuclear facilities, but an Israeli Air Force aircraft capable of transporting it in a combat situation is another lingering unknown given its huge dimensions and weight.

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2021: A Year Of Mass Bankruptcy

2021: A Year Of Mass Bankruptcy

Tyler Durden

Wed, 10/28/2020 – 15:05

Via Greg Hunter’s USAWatchdog.com,

Financial writer John Rubino says, “2021 is going to be a pivotal year” in the debt markets.  Rubino says lots of debt will either be bailed out or defaulted on in some way.  Because of CV19, there is no getting around this. 

The debt clock has been pushed forward by years.  One too huge to hide debt problem are heavily indebted U.S. states and cities. Rubino says, “You have to call this a scam…”

“…because years ago, they decided to offer wildly over generous pensions to public sector unions.  In return for that, the public sector unions elected people who would keep on doing that and keep the gravy train going. . . . Back then, it worked . . . but now they are all retiring, and these states and cities are heading for some version of bankruptcy at an accelerated rate.  It was always going to happen in the next 10 years, but with the pandemic, the time frame has been moved way up.  So, probably 2021 will be a year where a lot of these guys hit a wall where they have no choice but to default on a lot of their obligations.  That’s going to throw the financial system into turmoil.

Rubino points out, “If they can’t pay their bills, they can’t pay their bills.  If it can’t happen, it won’t happen…”

“So, you get effective bankruptcy via defaults for a lot of these places.  That means massive layoffs of city and state workers and turmoil in the bond market.  That kind of thing alone is enough to send the U.S. back into recession assuming we are out of recession when it happens.  If you combine this with all the other stuff that will be going on, it is going to be one of those perfect storm scenarios where everywhere you look, somebody is in trouble and demanding a federal bailout…

The federal government has a printing press.  They can bail out Illinois mismanagement and Chicago mismanagement and basically bail out the politicians who did all of these things.  This will come at the cost of the financial markets in general and the currency markets in particular. 

When they see trillions of dollars in bailouts here and trillions of bailouts there, they will conclude maybe you don’t want to hold the currency of the country that is doing this.  Then the U.S. starts looking a lot like Illinois does now, not AAA credit and that is when the debt spiral starts.  This causes people to lose faith in the currency, and then it’s game over. . . . There are mass layoffs coming one way or another.  It’s just a question of who gets laid off.

Rubino also says, “A lot of these cities and states are pinning their hopes on a bailout because they can’t fix things themselves…” 

“They have screwed things up to a point to say there is no local fix that is feasible.  So, they are hoping the Fed creates $3 trillion or $4 trillion new dollars and just hands it to them… There are no winners in any of this.  There are people who lose less badly than others… You can drive yourself crazy talking about the horrible things that are going to happen as we run out of money as things stop working. . . . One of the things that will happen is there will be civil unrest, and there will be slower and slower police response time.  The world will get very threatening at some point. . . . There is no good way out of this.  Everything is a choice of types of pain.  That’s all we have left.  Do you want this kind of a crisis or that kind of a crisis?

Join Greg Hunter as he goes One-on-One with John Rubino, founder of the popular website DollarCollapse.com.

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Wall Street Banks, And Their Employees, Now Officially Lean Democrat

Wall Street Banks, And Their Employees, Now Officially Lean Democrat

Tyler Durden

Wed, 10/28/2020 – 14:50

You’d think that voting Republican would be an easy decision if you work on Wall Street, especially given the lower taxes and the removal of burdensome regulations. But Democrats have entangled themselves so deeply in the web of Wall Street, that the industry is now leaning to the left, according to a new report from Reuters

The Center for Responsive Politics took a look at how the industry, and its employees, break down for the 2020 election cycle.

It has been obvious that Democratic candidate Joe Biden has been outpacing President Trump when it comes to fundraising, and this is also true of “winning cash from the banking industry,” Reuters notes.

Biden’s campaign has been the beneficiary of $3 million from commercial banks, compared to the $1.4 million Trump has raised. This is a far skew from 2012, where Mitt Romney was able to raise $5.5 million from commercial banks, while Barack Obama only raised $2 million. In 2012, Wall Street banks were among the top five contributors to Romney’ campaign. 

In 2020, campaign contributions to congressional races from Wall Street banks are about even. Republicans have raised $14 million while Democrats have brought in $13.6 million. About four years ago, Republicans pulled in $18.9 million, which was about twice as much as the Democrats raised. In 2012, Republicans raised about 61% of total bank donations.

Interestingly enough, when Biden and Trump are removed from the equation, the highest recipient from Wall Street is none other than Bernie Sanders, who has raised $831,096. Sanders often tops contributions in many industries due to his grassroots following. 

When you remove the employees from the equation and only look at how the bank’s political arms donate, the picture turns more Republican-friendly. 

House of Representatives lawmaker Blaine Luetkemeyer of Missouri, one of the senior Republicans on the House Financial Services Committee, which is key for the banking industry, tops the list, hauling in $226,000. Next up is Patrick McHenry of North Carolina, the top Republican on that panel, with $185,500 in cash from bank political committees.

The top 20 recipients of bank political funds comprise 14 Republicans and six Democrats. Representative Gregory Meeks of New York, a senior member of the House banking panel, received the most among Democrats, with $140,000.

The shift in data shows that while Wall Street’s top brass may still understand the value of Republican leadership, bank employees themselves may overwhelmingly favor progressives.

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White House Says ‘President Trump’s Coronavirus Response Has Saved Over 2 Million Lives’

Trump-thumb-up-WH

Yesterday the White House Office of Science and Technology Policy issued a press release that lists “ENDING THE COVID-19 PANDEMIC” as one of the Trump administration’s “accomplishments.” The reaction from anti-Trump news outlets was predictable.

“White House lists ending Covid-19 pandemic as an accomplishment despite cases spiking to record levels,” CNN said. “U.S. reports more than 500,000 cases in a week, a record, as the Trump administration says it ended the pandemic,” The New York Times reported.

Gotcha headlines like these strike me as overly literal readings of routine political puffery. That “ending the COVID-19 pandemic” was meant to be aspirational rather than a statement of current reality is clear from the press release’s single sentence of elaboration: “From the outset of the COVID-19 pandemic, the Administration has taken decisive actions to engage scientists and health professionals in academia, industry, and government to understand, treat, and defeat the disease.”

If Joe Biden is elected president and fails to “lift every voice,” restore “the soul of the nation,” “secure environmental justice,” “revitalize Main Street,” “end violence against women,” “end our gun violence epidemic,” “end the opioid crisis,” “ensure the future is ‘Made in America,'” and “restore trust, transparency, common purpose, and accountability to our government,” will CNN and the Times count those as broken promises? Probably not.

Still, there is no denying that Donald Trump is all over the place when it comes to describing the COVID-19 pandemic and his strategy for dealing with it. The president has embraced blatantly contradictory messages unified only by his desire to make himself look good.

A White House “fact sheet” posted yesterday asserts that “President Trump’s Coronavirus Response Has Saved Over 2 Million Lives”—a claim that relies on an utterly unrealistic worst-case scenario that the administration promoted last spring. Six months later, Trump was retweeting outlandish claims that COVID-19 had killed a “minuscule” number of Americans: about 9,000, compared to the official death toll of about 187,000 at the time. Although Trump may have thought slashing the number of deaths by 95 percent reflected well on his policies, the implication was that he could not possibly take credit for saving millions of lives, because COVID-19 never posed much of a threat to begin with.

During his debate with Biden last week, Trump reverted to the position he took in late March. “As you know, 2.2 million people, modeled out, were expected to die,” he said. “We closed up the greatest economy in the world in order to fight this horrible disease.” That we was suspect, since it was governors, not the president, who decided to fight COVID-19 with sweeping social and economic restrictions. Nevertheless, Trump was clearly suggesting that lockdowns had reduced the death toll.

Nonsense, the White House “fact sheet” says: “Lockdowns fail to eliminate the virus and are causing irreparable harm to families and children, especially the working class and people with limited resources. Lockdowns have seen cancer cases and other serious illnesses not being diagnosed on time and an increase in drug overdoses and suicides. Due to school shutdowns, children are falling behind in math, reading and other subjects, and have lost access to important support services.”

While all of that is true, the White House, unlike Trump during last week’s debate, is clearly not crediting lockdowns with saving those 2 million imaginary lives. What is its current explanation? The “fact sheet” cites these examples of Trump’s “decisive action”:

President Trump has deployed point of care testing equipment, millions of rapid tests, and critical PPE to nursing homes to help protect our seniors.

The Administration also put in place safety measures like visitation restrictions, mandated staff testing, and required reporting of cases at certain senior facilities.

The Trump Administration mobilized extra beds and personnel to help prevent hospital overcrowding and has deployed medical supplies to aid healthcare workers on the frontlines.

The administration’s rollout of virus tests was a complete disaster, depriving policy makers of the information they needed to weigh the costs and benefits of proposed interventions (including lockdowns) and making it impossible to curtail the epidemic through isolation, quarantine, and contact tracing. The rest of the items on the White House list seem like pretty weak tea, as does Trump’s frequent boast that he restricted travel from China. That happened on February 2, four days before the first known COVID-19 death in the United States, which involved a middle-aged woman in Santa Clara County, California, who seems to have caught the virus through local transmission, which may have happened weeks earlier.

The “fact sheet” does include some actual facts. According to the “best estimates” from the Centers for Disease Control and Prevention, it notes, COVID-19’s infection fatality rate (deaths as a share of all infections) is very low among relatively young Americans: 0.003 percent among people 19 or younger, 0.02 percent for 20-to-49-year-olds, and 0.5 percent for 50-to-69-year-olds, compared to 5.4 percent among people in their 70s. I’m not sure Trump can take credit for that.

The White House also notes that “the United States has among the lowest case fatality rates of any major country.” Depending on how you define major, that is more or less true: The U.S. CFR (deaths as a share of confirmed cases), which has fallen dramatically since mid-May, is currently about 2.6 percent, compared to 6.9 percent in Italy, 5.2 percent in China, 5 percent in the U.K., 3.2 percent in Spain, 3 percent in France, 2.2 percent in Germany, and 1.8 percent in Japan.

Since the case fatality rate is based on confirmed infections, expanding virus tests to include younger, healthier people with mild-to-nonexistent symptoms—as the U.S. has been doing in recent months—brings the rate down. But with the exception of Germany and the partial exception of Japan (which initially had a higher CFR than the U.S.), the U.S. CFR has always been lower than the rates in those other countries, which may partly reflect differences in age demographics or health care. It is not clear to what extent differences in polices—let alone policies championed by the Trump administration—explain international variations in the case fatality rate, which also varies widely across the United States.

Wider testing tends to reduce the CFR, which makes the president look better. But Trump has frequently complained that wider testing, which the White House touts as one of his administration’s major accomplishments, makes him look worse. The White House “fact sheet” likewise bemoans “the media’s fixation on case numbers,” which it says obscures progress in reducing daily deaths.

The White House has a point. Since mid-September, the seven-day average of newly confirmed cases has risen sharply in the United States (and in Europe). Yesterday, according to Worldometer’s numbers, that average was nearly 73,000, more than double the number on September 12 and a new record. Yet the weekly average of daily deaths so far has risen only modestly (from 704 on October 17 to 842 yesterday) and is still 63 percent lower than the peak on April 21.

Given the lag between laboratory confirmation and death, daily fatalities probably will continue to rise during the next few weeks. But judging from the experience with this summer’s COVID-19 spike, the increase in deaths won’t be nearly as big as the increase in cases, let alone as big as Biden predicts (a fivefold rise by late November). COVID-19 looks less lethal now for the same reasons the CFR is falling: a younger, healthier mix of patients, possibly combined with better treatments. But again, the Trump administration has not made a very plausible case that the president is responsible for that development.

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