Crom Carmichael Weighs in on Masks, Corrupt Democrats, and the Private Sector

Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast live from Music Row on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Leahy was joined on the newsmakers line by the original all-star panelist Crom Carmichael.

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Commentary: The Pandemic-Inspired Economic Shutdown Likely to Increase US Corporate Consolidation

This writer and others who for decades railed against outsourcing industries to the People’s Republic of China were long dismissed as crackpots and Luddites. Now many of those who were doing the dismissing have been forced to admit the true cost of cheap goods is very high.

The Chinese Communist Party virus has exposed many of our nation’s infirmities.

The most glaring is our dependence on Communist China for medicine, medical equipment, and so many other essential goods.

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CORONAVIRUS: TN Senate Candidate Bill Hagerty says, ‘There’s a Real Timing Factor in All of This. Taking a One Size Fits All Approach Will Not Work for the United States’

Former Ambassador to Japan and TN Senate Candidate Bill Hagerty joined The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Thursday morning on the newsmakers line.

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Commentary: Small Businesses Urge Federal and State Governments to Reopen America ASAP

Due in large part to government edicts, religious, social, and political gatherings, have been cancelled or drastically altered to meet government requirements. Schools and colleges have closed so there will be no proms or graduations to attend this spring. Restaurant dining rooms are closed, as are community centers, fitness centers, salons, barbershops, theaters, retail stores, and malls. Theme parks, beaches, and even some public parks are closed. Air travel and the use of public transportation has declined precipitously. Traffic on the roads is eerily light, and parking lots are nearly empty.

Of the businesses that have remained open, many have reduced their operating hours. While one can reasonably expect that stay-at-home orders will reduce Chinese coronavirus cases, it remains to be seen what the human and economic toll of these orders will be; but we do know that they are devastating to small businesses and their employees.

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Michigan Lawmaker Asks Governor to Allow Some Businesses to Reopen If They Adhere to Social Distancing Guidelines

State Rep. Triston Cole (R-Mancelona) asked Gov. Gretchen Whitmer to allow some nonessential businesses to reopen if they follow social distancing guidelines.

Cole sent a letter to Whitmer on Monday, claiming her stay-at-home order hurt small businesses, including those in the construction and landscaping industry. Both of those industries, said Cole, allowed workers to work safely while staying apart from each other.

“I certainly understand where our governor is coming from. Public safety must always be the main priority,” Cole said in a statement. “However, keeping people employed and businesses operating must also be a priority.”

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Leahy and Carmichael Discuss Coronavirus Induced Economic Trends and Speculate the Recovery Timeline and Numbers

Monday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast live from Music Row on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Leahy was joined on the newsmakers line by the all-star panelist Crom Carmichael.

During the second hour, Leahy and Carmichael discussed the recent announcement made by Dr. Fauci where he referenced models and how they expect to see a sharp decline on the V graph by end of the second quarter and then a gradual increase by third quarters end.

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Crom Carmichael: ‘We are Still in the Middle of the Storm and a lot of Things Are Going to Change’

Live from Nashville, Tennessee Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m.– host Michael Patrick Leahy welcomed Crom Carmichael to the newsmakers line.

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Economist Recommends Ohio Use Federal Stimulus to Bolster Unemployment Insurance Trust Fund

Following Ohio’s shocking unemployment rate increase of 2,565 percent, one economist says the COVID-19 coronavirus’ economic impact will be “long lasting” and provides a list of recommendations.

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Minnesota Had 116,000 New Unemployment Claims Last Week

Minnesota has seen 182,000 workers apply for unemployment insurance since the beginning of the coronavirus pandemic, Department of Employment and Economic Development (DEED) Commissioner Steve Grove said Thursday.

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Michigan Unemployment Claims Reach Record High

The economic fallout caused by the coronavirus pandemic includes massive unemployment caused by government-mandated shutdowns of businesses throughout Michigan.

The U.S. Department of Labor (DOL) reported 129,298 Michigan employees filed unemployment claims last week. Government figures indicate that number has increased from nearly 5,338 people filing unemployment claims reported March 14, a difference of more than 123,960.

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3.3 Million File Unemployment Claims in U.S. – a Record Number

Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.

The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.

The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.

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Think Tank Calls for Ohio Government to Take Common-Sense Measures to Fight Coronavirus and Aid in Economic Recovery

A new policy brief lays out actions that Ohio policymakers can immediately implement so Ohio can fight and yet recover from the coronavirus pandemic, and it doesn’t involve unilaterally moving primaries or shutting down businesses.

The Buckeye Institute released the brief on Monday.

The brief, Policy Solutions for the Pandemic: How Ohio Can Fight the Impact of Coronavirus, is available here.

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Senate Candidate Bill Hagerty to Host Tele-Town Hall on Economy with Larry Kudlow

Bill Hagerty, a Republican candidate for U.S. Senate in Tennessee, announced that he will be hosting a telephone town hall Wednesday with Larry Kudlow, President Donald Trump’s director for the National Economic Council.

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Judson Phillips Commentary: Lessons in the Time of the Chinese Virus

The first quarter of the year is not yet over, and we have gone from an almost record stock market to a nation that is all but economically shut down.  Some alarmists warn that over two million Americans will die from the Chinese Virus.  Others say this will be less problematic than the flu.

Regardless, as of now, the country is mostly shutdown and the economy is in free fall.  Economists from Goldman Sachs predict that the economy will shrink by an unprecedented twenty four percent in the second quarter.  The good news is the economy is expected to grow by twelve percent and ten percent in the third and fourth quarters.

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Commentary: Can We Prepare America for the Next Pandemic?

With every passing moment, nations are establishing precedents for how to contain and ultimately stop a global pandemic. Because the novel coronavirus apparently originated in Wuhan and was immediately covered up by the Chinese Communist Party, the health and welfare of the Chinese people and all other affected populations have suffered from this lethal malfeasance.

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New American Populist Founder Jeff Webb Proposes the ‘Temporary Income Replacement Act’ as a Bold Solution to Help Bolster American Families and the Economy

Live from Nashville, Tennessee Friday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. Jeff Webb, founder, and chairman of The New American Populist (TNAP) joined Leahy on the newsmakers line.

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Commentary: China’s Post-Virus Plan to Destroy America’s Economy

The virus that originated in Wuhan, China poses a double threat to America.

The first is to our health as the virus spreads through the U.S. population. The second is to our economy as more businesses, schools, and events shut down to slow the spread of the contagion.

We must not underestimate the economic threat because the Chinese Communist Party is using the pandemic to achieve its goal of supplanting the United States as the world’s leading economic, diplomatic, and military power.

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Tennessee Applies for Economic Injury Disaster Loan Assistance

Tennessee has submitted a request for Economic Injury Disaster Loan assistance to the U.S. Small Business Administration, Gov. Bill Lee announced Wednesday.

The assistance allows small businesses and nonprofit organizations negatively impacted by the coronavirus to apply for loans of up to $2 million.

“For most of my life, I’ve been a small business owner and understand the unique challenges each of you face,” Lee said in a statement. “While I am pleased with our progress on targeted relief for small businesses, we know this is just a first step from our federal partners to provide liquidity to our businesses. We are in constant dialogue with our delegation members to ensure that federal aid is responsive to our concerns and needs.”

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Commentary: After the Coronavirus Outbreak, We Don’t Need Universal Income, We Need a Rehiring Tax Credit to Get Back to Work

Congress is passing plans to provide for long-term paid sick leave and family medical leave to tens of millions of Americans, actively encouraging people to stay home, and essentially telling employers to lay off employees while brick and mortar businesses, schools and government offices are all closed, all in a bid to slow down the spread of the Chinese coronavirus.

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Commentary: The U.S. Economy Will Weather the Chinese Coronavirus

American Spirit

President Donald Trump praised the Federal Reserve for cutting the federal funds rate to a range of 0 percent to 0.25 percent, and restarting quantitative easing with $500 billion of U.S. treasuries purchases and $200 billion of mortgage purchases in response to the Chinese coronavirus global pandemic.

“It makes me very happy and I want to congratulate the Federal Reserve,” he said. “That’s a big step and I’m very happy they did it.” Trump has been hounding the Fed for years to cut interest rates to make the dollar more competitive against trading partners’ currencies including the yuan, euro and peso. Now he gets his wish.

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President Trump Praises Fed as Interest Rates Are Slashed to Near Zero

The Federal Reserve slashed interest rates to near zero on Sunday as part of a series of measures intended to combat the economic downturn caused by the coronavirus pandemic.

The central bank cut rates to 0% to 0.25%, the central bank announced in a statement. The Fed will also purchase $700 billion worth of Treasury and mortgage-backed securities through quantitative easing, a measure previously used during the Great Recession to get money flowing back into the markets, The Washington Post reported.

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2019 Was the Slowest Year for New Jobs in Ohio in a Decade, Economist Says

An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs.

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Commentary: Millennials and Generation Z Voters Will Decide Our Economic Future this November

For young voters, this coming election isn’t just about strengthening our retirement accounts — though that’s been one of the highlights of the Trump era, with the stock market repeatedly setting new record highs. More importantly, the next election is about keeping this booming economy going through our prime earning years. It’s about having the opportunity to make the most of ourselves and start healthy, secure families. For us, re-electing President Trump isn’t just a good idea, it’s an economic imperative.

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Iowa Officials Laud Landmark Trade Deal Expected to Generate $200 Billion in U.S. Exports to China

Local and national government officials and agricultural advocates are expressing their respective pleasure over Wednesday’s signing of the first phase of a sweeping trade deal between China and the United States.

Among the provisions of the deal are agreements from China to import an additional $32 billion in agricultural products; $80 billion in manufactured goods; $50 billion in energy products; and $35 billion in other services.

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Commentary: The Good Economic News No One Heard About

A few weeks ago, the Census Bureau released the 2018 Income and Poverty in the United States report, but you probably didn’t see anything about it because it received scant attention in the establishment media because it reported such positive results mostly attributable to President Trump’s economic policies. Instead, what little media attention that the report received focused on a meaningless measure of income “inequality.”

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Commentary: Trump’s Conservative Policies Launch Boom for Middle America

Our friend Stephen Moore, Heritage Foundation economist, former Wall Street Journal editorial board member and founder, along with Steve Forbes and Arthur Laffer, of the Committee to Unleash Prosperity, published a column in the Wall Street Journal recently with some truly amazing statistics about the Trump economic boom.

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‘The Economy is Back, Jobs are Back, and America is Back,’ Vice President Pence Tells Detroit Economic Club

President Donald Trump has revived America’s economy, and warned against electing a Democrat in 2020, Vice President Mike Pence said Monday during an appearance in Detroit.

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