Episode 869 Scott Adams - There Will be Cursing and Coffee. Let's End the Political Career of Porkers

good morning everybody welcome to another day of coronavirus theater except it's real it's really real yeah we're gonna get through this and one of the ways we're gonna get through it is by enjoying the simultaneous F because I believe all the studies are coming in that the simultaneous it can protect you from infection by the coronavirus seems seems unlikely I know but yes if you enjoy the simultaneous sip with me you're practically guaranteed to be invulnerable from the coronavirus none of that's true but we're living in a world where half of the things I see on social media are wrong so take it with a grain of salt hello bill good to see you and all you need is a cover of margaret glass of tanker chelators Diana can't a doctor flask a vessel of any kind and fill it with your favorite liquid I like coffee enjoy me now for the unparalleled pleasure the dopamine to end of the day the thing that makes everything better including the pandemic it's called the simultaneous it go mmm by the way do you catch that little thing that that Trump influenced me to do there's a there's a choice of words that I use there that's straight from Trump it's one that it's one of my favorite little little speaking things he does he'll assign a nickname or brand somebody and then he'll say it's called and I started doing that and then somebody says the Dow is way up let's check on that well well well that was way up oh there will be cursing if you're wondering if you're wondering if I changed my mind oh no I did not because as far as I know the Congress has not yet passed the bill we'll check on that in a moment I mean could happen any moment BSO seems that our stock market has decided to find a little optimism and I believe that the stock market is correct there is room for optimism this will be your worst weekend your best be the best week simultaneously that's right you're gonna hear some no I can't sorry this will be the best weekend the worst week meaning that you're gonna hear some insanely positive things and some really bad stuff it's all gonna happen this week but we're gonna turn the corner you're in the elbow I call it the elbow with a curve you know where you're going flat flat flat flat flat but you reach the elbow and then do you know what that what's ahead of you it was good stuff so where they we're in the middle of the elbow right now and we are guaranteed to get some good stuff allow me to test the awesome power of social media in a way I've never done before it goes like this there is a unexpected problem with delivery of some of the protective equipment I'm talking about masks and gallons and stuff so in an amazing display of not just patriotism but humanity and ingenuity and everything that's good about people people everywhere rose up and said how can I help so there are little factories converting in this country and other countries and and middlemen trying to find connections to connect the people who are making stuff to the people who are buying it and that sounds all good right but the problem is there's too much of it and the people who have to are not capable you know they're not really in the even experienced so if somebody came to you and you work for some government agency who needs to buy some equipment and somebody comes to you and says I know a guy who's got a factory in a country you've never been to you and and can you give me a bunch of money and I'll make you some asks well what do you do with that especially if you've got 25 of them like how can you tell which ones are real you know because you know there's gonna be a certain number of scammers right I mean that's guaranteed they'll they'll be new people promising things they can't deliver they get your check they disappear after the crisis so it's a real problem you can't just throw money at people in a crisis because you even get a lot of bad actors so what do you do so I have this specific problem that I'm trying to solve this morning and it's this I've got a credible source somebody somebody I know who you know I have strong credibility with in other words somebody who's not lying to me who has a source and can put them on at our back on Friday so in two days I could have a bunch of n95 masks on an airport in in the Northeast but we can't because we can't get a check and I doubt they're going to ship without a check so the politicians we're looking at it can't make a decision and it's not their fault they're they're not skilled at this they don't know how to vet a sudden spring up of a foreign factory with a stranger no you know no track record how are they held as a politician gonna make that decision so here's what I'm asking for I will connect you with a person that in my opinion is highly credible and you can you can look into yourself I need a check for 3.1 million dollars to guarantee a big load of masques land on Friday and then keep coming from this source now can I personally guarantee that you would not lose your three point million dollars I cannot I cannot so this it's a it's a risky proposition you could do your own due diligence find out about the person involved make sure you get pictures of the factory actually producing them you know standing next to the person whose shows up in the correspondence you know in a few hours you could convince yourself that whether it works or not you know there's lots of unknowns but you could convince yourself that the people are real there's a real factory there really making them they can really get them here if you're a billionaire and you're willing to take some risky short-term thing because you know this is a short-term sort of a a bridge loan if you will because once the buyers in the and the supplier are connected they make their own money but they'd like to get it on our soil so for 3.1 million dollars you can put a bunch of masks on on American soil from another country and and then it will work out how to get them somewhere because if if you're the person who's trying to decide who can deliver you don't have to wonder about the person who just delivered right I mean if if the if the crates are sitting on the tarmac in America at least you can trust that guy can get you some more masks right so that that's the ask it's a gigantic ask it's big if you're not a billionaire probably don't consider this because I don't I can't tell you you're gonna get your money back can't tell you that but it's an emergency and I'll put that out there now I'm going to try you know through some private channels as well and maybe there are other people having similar problems the problem is going to be this credibility thing right so if there's anybody who has a way too short to shortcut the credibility problem in any way either maybe you could say you can imagine this somebody could just guarantee it so you don't put up any money but you say alright I'll sign it I'll sign the document today that says if this doesn't get delivered you know I'll cover your costs or something like that so you could imagine creatively finding a way to shortcut that all right so enough of that here's a problem that I just learned about the other day this he was really big so your your big hospitals have a lot of teach student doctors and by student doctor I mean somebody who could have graduated in May and there's so they're this close to being an actual doctor and they have essentially all of the doctor skills they just don't have that diploma because it's not May they had to be pulled out of hospitals because the teaching colleges couldn't support them in the the crisis situation because there's Honor there's an insurance problem so tens of thousands of people who are near doctors just they don't have this certificate but they've been working in the hospital got pulled off the front line because of an insurance problem needed to fix that right you know and one can imagine that the government could step in and say okay temporarily all those student doctors either can't be sued I suppose you could do that you could just say if you're a student doctor you're called into action for the next three months no matter what you do you can't be sued I mean that would be the quickest way to do it but I suppose you could also put in money so that there's actual insurance and then people just act like doctors and if you do something wrong maybe you do get sued but at least you have insurance so that's a big problem that needs to be fixed and literally can free up just a lot of a lot of human power there continues to be just really horrible fake news on CNN it's still on their website still a story and it goes like this here's the actual text from CNN President Trump continues continues touting chloroquine a malaria drug II believes might help fight against coronavirus CNN's Sanjay Gupta explains why that and other drugs that might be effective against the virus need more evidence here's the problem that's not the drug that President Trump is has good hopes in it's not chloroquine is the generic older weaker form the actual drug is a derivative this I'm not a chemist so you know if I'm using their own words forgive me but it's hydroxychloroquine and it's not by itself it's hydroxychloroquine with the azithromycin and then I think in some cases are all with zinc so if you haven't studied those three it is nonsense to say CN n it's nonsense to say the president is pushing this other drug that's in the same family but it's a different drug and if you would look at it by itself apparently the evidence is weak and it's the wrong drug anyway so if you're watching CNN say Trump is pushing a drug that's not tested look carefully for the word they use are they saying chloroquine which he's not promoting although you know earlier on there were some some suggestion that it worked or is he pushing I hydroxychloroquine in combination with the z-pak or erythromycin and zinc because there is a memo memo I guess or a letter from a doctor so here's some new information a doctor in New York tweeted 350 patients because he's in the hot spot somewhere in New York 350 patients and wrote up his experience using the the recommended let's call it the the Trump Trump pack the Trump pack which is the hydroxychloroquine not the chloroquine but the hydroxychloroquine plus as a thermos n' and zinc and he reported that n of 350 people he treated zero deaths now apparently he was getting them early so he wasn't waiting for wasn't waiting for symptoms to get bad if they came in and said you know it looks like it they got the drugs zero hospitalizations 350 patients zero hospitalizations zero deaths now zero hospitalizations means zero ventilators right now keep in mind this was not a controlled test it's one doctor who treated 350 people I think he knew they had coronavirus I'm guessing and and he got a result that would clearly indicate that if that's reproducible it would clearly indicate that we can get back to work and we'll talk about that all right the range that I'm hearing for so the medical experts and other experts are weighing in but how long should we wait before getting back to work and I'm seeing estimates of some some experts said that in wuhan in China five to seven weeks of lockdown was was necessary to really get on top of it five to seven weeks but the president has said that at the end of two weeks you'll have some kind of decision now I don't think he's made his mind up and we'll talk about the options but it's good to know there's a decision now let me tell you one of the most important concepts of economics now this the swearing is coming oh it's coming but we'll get there so here's one of the most important concepts in economics now you don't need to study economics to get the easy stuff such as you know some costs you can ignore in the future that kind of thing here's another one economies like certainty now you say to yourself well duh doesn't everybody like certainty what economies really like certainty I mean really really really like certainty so if you have a situation where you have this choice saying I don't know when we'll open up I'll let you know when we know very very bad for an economy even if it's true completely true oh gosh I don't know when we can open up we're just gonna have to wait and see that is death to an economy now compare that to we're going to be out of this in four weeks and it's not true it's just not true but your leader says to you we're gonna be out of this in four weeks now when you get to the end of the four weeks might you reconsider well of course that's what everybody does a month from now you should reconsider every part of your life all the time you know everything's changing all the time a month from now do you still want the same job is your exercise routine good markets like in economies like certainty now you don't want random certainty that you know is just BS but you're willing to take a little bit of BS because you know everybody else is going to take it and that gives you the illusion of certainty and it keeps your economy on track so president Trump master of psychology in my opinion he's got this interesting balancing thing because I guarantee you that Trump knows what I just said Trump knows that certainty makes the economy work and here's the key thing the economy would rather definitely have bad news then maybe have good news if you don't understand that you're missing the the importance of certainty certain bad news that we can figure out how to solve is better for an economy then well could be great I don't know maybe some good stuff out here can't really define it I don't know what's gonna could be good could be bad we don't know that's death so at the end of the second week the president has promised you something closer to that certainty I don't know if all observers understand how right that is because if he went too early and said you know I'm gonna tell you right now we're gonna open three weeks or whatever you wouldn't believe it would you did you'd say I don't know we haven't watched this enough we haven't seen enough we haven't watched the other countries enough we haven't studied enough we don't know enough but at the end of the second week you're gonna be in a little bit more of a gray area and you're gonna say to yourself yeah I feel like given the trade offs you certainly have lots of uncertainty but let's call it let's call the time we're going back to work or at least you know call the phased approach back to work but let's add some certainty which we can change later all right it's not real certainty it's let's say it's functional certainty the real kind is where you really believe in you're really right the functional kind is that the kind the economy needs the economy needs the experts and the politicians to say you know it's going to be three weeks and it's okay if somebody says and in three weeks a bunch of people are going to die we're gonna lose a bunch of money we're pretty sure about it remember bad news that you're sure about and you know how to deal with it you know how to get to the other side is not nearly as damaging as well we just don't know what's going on so get your certainty the president has promised that it is exactly right he is going to have the toughest job in the world and I hope history I hope history understands this I hope history understands that our president is going to make decision with you know you'll be talking to everybody the governors and the experts and everything but ultimately it's going to be a presidential decision and he's going to have to appear him to this morass of you know experts who may or may not agree he's gonna have to look at the economy he's gonna have to just feel the zeitgeist of the country it's what he does best right if you wanted one president you thought was most tapped to the zeitgeist the answer German word for you know how people are feeling at the same time he's the guy nobody's more tapped in you know it has a direct pipeline of public sentiment than this president he's very tapped in so that's good news he has a business background which means he has overruled experts a lot I don't want to tell you all the times I've overruled experts medical financial legal alright so I don't know how to say this without sounding like a douchebag so I'm just going to do it anyway it's an emergency so you don't mind me sounding like a douche bag for now forgive me in advance I operated a pretty high level of business because I have to the the Dilbert Enterprise is a pretty big operation and it has been and so I make a lot of big business decisions and I've got a lot of expertise plus my own life I've made quite a few medical decisions with and without medical experts and I got to tell you that if you're operating at the higher levels you're not taking the advice of experts on face value it just doesn't happen at Trump's level as a just operating the Trump universe and doing his job before he was president I guarantee you he he had to manage the advice of experts and when I say manage it I mean sometimes take it and sometimes not and sometimes have to be the referee of different competing experts so he has exactly the right talents tack and skill set for negotiating a situation where you don't understand everything the experts understand that's the nature of experts but you still have to negotiate a decision he's kind of perfect for this he really is his BS detector is as good as anybody's and he has just the right amount of credibility which some people would I'm sorry not credible he has just the right right amount of skepticism which his critics say is too much yeah they're gonna say he's anti science not believing the experts but you know it's just right to me it's it's just right to me somebody says Scott's technical IQ less than 100 well we don't need you doing goodbye and let's talk through some of the some of the factors so here's another fact about deadlines if your president says and and I hope he does on this day we're gonna start a phased approach back to work I don't think he's gonna say everybody go back to work that's not gonna happen this can be phased and here's another psychological fact people like deadlines not just in the psychological way that I said that the economy likes to know have certainty even if it's bad news they like certainty but people respond to deadlines like crazy it's just it's the most universal management of fact if the president says on X day these people are going to go back to work and the medical community says as I imagine some of them will know it's there's just no way we can handle that the disease will kill us all or whatever they're going to say you will be surprised how much ingenuity and hard work can be packed into whatever time the president says this needs to be done so in an emergency and when we're all focused and when the best of us are taking the lead and I think that's largely the case and an emergency the best people they take the lead even if you don't ask them they just take the lead so the best people on earth working as hard as they can to a presidential deadline even if that deadline is not based on what the experts are telling him it should be and it probably won't be watch how those experts work to the deadline you're gonna be amazed are you gonna be amazed so here are some thumb some things that we could do if we're gonna phase in the back to work and this just to give you a flavor of that I can't say I either thought too hard about it but here are the different risk factors so you can imagine some kind of phased approach in which we take into consideration that we don't have the same risk profile now everything kind of depends on the hydrochloric weaned and as if through Meissen zinc combination being effective as this one doctor with his one study let's not call it a study let's call it his experience it's anecdotal if that bears out and we're seeing good evidence that it might then we've got a good we've got a pretty good plan out it looks like this people who do not have any kind of an income they've got to be at the top of the line all right now some of them won't have the kind of jobs that they can go back to some of them have a underlying health problem and we just got to give them money to get by and so that's what the government is working on oh there will be swearing there will be cursing it's coming but there are other people such as myself such as there might be seniors who have Social Security but there have a part-time job and you can imagine saying okay if you have some income you know you can at least get a check and buy some groceries maybe you're not the top priority but this isn't the only the only factor you want to look at people who could potentially isolate maybe they drive to work in their car that nobody else ever gets into they can keep a social distance depending on the kind of job so the kind of job and whether you can isolate it's got to be important if you're unhealthy you've got a better chance of not dying if you're already recovered and and tests have proven that you have it and you're done I'm still not the expert on an immunity but I have to think he gives you a better chance now I think we don't know enough about how much or what kind of unity will let the experts decide on that I'm just putting it up here as the things that will be looked at hospital capacity has to be important let's say you open up in a in a certain location and their hospital it hasn't been impacted yet well maybe you can experiment a little bit there maybe you can be a little bit looser a little bit in a place this still has plenty of hospital capacity and a little bit tighter where it doesn't it looks like outdoors is way safer than indoors there's there's a body of evidence that's coming together from past pandemics as well as this one that being inside where you're sharing air is the worst thing that could happen and being outside probably helps apparently before there were antibiotics pandemics were handled at least partly by outdoor tents so they would literally just take people out in the Sun put your your treatment you know outside in the air and the Sun didn't have to be in direct sunlight but at least outdoors and apparently the outdoors is really bad for viruses so it's not a cure but you can certainly reduce the amount of the problems by it outdoors so imagine if you will that the president says yeah you can open your restaurant but tables have to be X feet apart servers have to wear gloves and masks and all service has to be outdoors or takeout a lot of restaurants could actually open outdoors the the ones in my town for example a lot of them have you know a little bit of outdoor seating but you could easily imagine how they we could temporarily say oh just extend it to the sidewalk people are gonna have to walk around in the streets but there isn't much traffic anyway so you could imagine people getting flexibility to do outdoor dining because the weather's starting to change not in your town maybe but in California you could start already the availability of testing how much there is and where it is what would be a factor your distance from outbreaks if you're someplace that hasn't had one yet maybe you get a little more flexibility I would also factor in your family isolation you know if you're going to work somewhere are you bringing something back to a family of five in a in a 2,000 square foot home that's not good or do you live alone or do you live in a home where you're you have one senior but they're really in their own part of the house and they're safe if you live alone and you drive alone and you can get some separation maybe you're top of the line because you're not even bringing it home how replaceable are you I hate to say it that way but you know if you're a manual laborer and somebody can easily do your job well maybe you go to work as long as we've got the the good meds that can keep you alive should you get something because you're replaceable I hate to use that but if you're just laborer we can find somebody to do some just labor all right it's cruel but that's the and then the availability of the meds and the protective gear if you live in a town where your hospital doesn't have many patients but also it doesn't have much protective gear or ventilators maybe maybe that puts you toward the end of the list so I saw I forget which senator it was who went on television was on Tucker's show and I like the guy meaning that I liked his attitude and and his attitude was he was 70 was just turning 70 you can remind me in the comments I mean if you saw the show who the who the politician was it was congressman or senator I can't remember and he was saying you know that the that the grandparents are willing to take a risk to get the economy going so he was saying hey you know if I can be part of the productive economy I'm 70 I'm at risk I'm gonna take the risk and he was he was making the argument that grandparents would rather die than ruin the world for the young and he was saying look you know if I got to die to keep the economy going so that my grandparents have a place to live or grandkids I'm the place to live I'll sign up for that wrong wrong wrong yes it was a Texas AG Ken Paxton people are telling me in the comments here's my comment wrong wrong wrong wrong wrong everything about that is wrong I love the attitude I like the guy Dan Patrick I guess in Texas so my appreciation of the person is sky-high because literally he just said I will risk my life for other Americans I love the guy but it's the wrong strategy do you want your 70 year olds clogging up the ICU rooms and ventilators because they were brave let's be honest and how much of the 70 year olds adding to the economy including Dan Patrick Dan Patrick can work from home it's that kind of a job I don't want him to go into work do you want Dan Patrick to take up an ICU room if he can stay home and and work for them no you don't so his bravery his attitude I love I love that guy his strategy dead wrong dead wrong we should discourage brave grandparents because they're gonna be brave you know there's a lot of people you know they're veterans people went through the war people have done everything people not afraid to die but we're not gonna let them die which means that they would take up hospital space for other people bad bad idea to let the 70 year old say anytime soon until we got a much better handle on this so Dan Patrick that's I believe that was it was love you man totally love you but it's not the strategy we need it's not good for us all right let's see I you know somebody's trying to hack one of my social media accounts this morning and the reason I know is because I keep getting password change requests and and I thought to myself couldn't you fix that by telling me what their guesses were if somebody is trying to hack you know just guess my password and I can these these notices and somebody's trying to do it should they also tell me what the guesses were because if the guesses look random I'm gonna be like they're so you maybe somebody thought it was the wrong account or something but if the guesses are anywhere in the neighborhood of like something that looks like somebody knows me I want to shut that crap down right away so this is just a message to social media people if you could tell me what the guesses were so that I know how much risk all right so the Chinese seem to be going all-in on blaming the u.s.

for the corona virus or at least escaping escaping blame I've been saying since the beginning that I don't like the phrase Chinese virus because if it even raises the question of you are you being racist why why cause that trouble right why cause that trouble why would you do it and but then I revised my feeling about that when I realized China was trying to blame the u.s.

and then the president was just branding them back now it's it's your freakin virus it's a Chinese virus and I've decided to just go all-in I'm all-in on Chinese virus until China stops if if China decides our okay it was us we will stop blaming you for that that's the last time I'll ever use that phrase because I find it a little bit as offensive and I always see any reason to offend Americans who have some Chinese and ancestry I see no reason to offend Chinese citizens we're just trying to do the best they can but man your government if you're gonna brand us with us it's coming back so it's it's the Chinese flu it's the Chinese virus to me until they stand out all right let's talking about some of the options that the government is talking about for phasing in now I'm gonna do something obnoxious and only the people who are new to this periscope will will see it as obnoxious because you don't have the context I'm gonna brag about telling you something before other people told you now the context is that's specifically what I do on these periscopes I make predictions and then later I say oh I was totally wrong or I got that one right and see if we learn anything right so when I bragged about getting something right just just know that if I got wrong I would also tell you and that's part of the process so don't judge me as being an egomaniac or anything it's just part of the process you should be watching to see if I can predict better than other people and part of that process is me telling you when I got it right who else told you that this was not yes no go back to work but that it would be a Phase two process in which we would intelligent ly assign risks to different categories and that we'd start going back to work you know but probably the seniors and that risk people will be the last to go who else told you that that was gonna happen I think I was the first right now just keep that in mind and add it to your tally if you're keeping keeping track so I can see this coming from a mile away if you didn't maybe you should listen to my periscopes more so here are the some of the options being discussed let's see if we have a favorite I took this off of I guess Fox News reporting one option is phasing in younger people people under 40 and keeping other people out so that would just be simple under 40 go back to work so that's one option another option is to keep in place restrictions only on the vulnerable and the seniors like nursing homes but allow everybody else to return so the other option is you can go back to work unless you're clearly in these you know vulnerable and nursing homes or you're older or you have you know underlying conditions I guess a third plan would say the Trump would lift the federal guidelines but let the governor's work it out so it's sort of they you know lift the guidelines maybe give some extra guidance but let the governors decide what makes sense in each county etc not bad a fourth idea is to keep in place some federal guidelines but change others to give States more leeway so there's you know all kinds of hybrid and one or other ideas two specific types of workers to return to work including you know people who have risk profiles you can say I'm gonna I'm gonna weigh in all right so here's how I think we should go I think our federal government in working with the experts should categorize our risk in the cleanest graphic way they can I need a one-pager this says if you know here's your checklist you do the checklist and then add up the numbers and maybe they're weighted so you know if you check that your 85 with you know lung cancer you know that's a hundred points and you're just that you just stay home so imagine they're weighted answers but it's just a checklist you say okay I'm under 40 I'm healthy you know et cetera and you just say if you filled out this checklist and you got a score under five or whatever it is you're cleared now keep the checklist with you if if somebody comes into your place of business and says can I see your checklist be prepared to show it to them might be police or health authorities etc be prepared to show it but it's not a it's not a license you're not going to go to jail you know everybody's making individual decisions but I think your police and officials might want to flag you and say you know your your checklist you don't have a checklist go home and get one or you know we would encourage you not to do it etc but I think the federal government probably should only go so far as to categorize risk and then maybe let the governors decide you know which counties you know are appropriate etc so I think it's going to be some kind of a hybrid where the where the federal government changes its guidelines but keeps them in place there's guidelines in place and then the states get to choose a little bit from the guideline so I think it'll look something like that but I think we need a little more a little more gradation on the checklist I don't think you can just say under 40 over 40 you need a little extra gradations there we can get there been a lot of discussions about what you can do to sterilize a mask if you had to reuse it and the most current thing I saw is some actual testing was done of you know putting cleaning agents on the mass etc and apparently some of the cleaning agents on no expert here just giving you a giving you a high overview some of the cleaning agents will break down the integrity of the mask but I think it was isopropyl maybe something else maybe not as quickly but you also don't know if they do over time so that the chemical treatments have a risk that has been identified that can break down the integrity of the mask sometimes quickly maybe over time depends on the chemical but it is suggested that the one thing that has not been debunked is heating it to a temperature that doesn't hurt the structure of the mask the same way the chemicals do but but kills all the the bugs and the suggestion I'm not a scientist I'm not recommending it don't try it at home I'm just passing it along so you know what people are talking about the heating an oven at 150 degrees for 30 minutes would remove the you know any risk from the mask except that I don't know exactly what it does to the integrity of the mask you know do we know that 158 degrees for 30 minutes in an oven do we know that doesn't affect the integrity so apparently it was tested and the reports are that that would be the one that would be the highest the highest probability of giving you a the safest reusable mask but don't take my word for any of this these are all preliminary I don't think any of the studies you know meet the means scientific rigor yet but these are just indications all right let's talk about oh the government is looking at your back stopping businesses who might otherwise go into business and here's the question I would ask I saw it described as loans but then I also heard some talk about the government taking equity now shouldn't we always take equity why would we ever do a loan I guess each situation is different maybe some don't have it could be that some don't have stock so you don't have that option but for any largest company that is public and has stock why would the government not take stock and and owed equity on behalf of the public in return for taking a failing company and turning it around now what's interesting about the government investing in something is that when the government puts money into a business it's probably going to make it especially if the government is making other changes to the economy in the world that would make it successful so having our government take equity I'm a big fan of that because do you know where the stock market is right now yes you do it's very low if our government had saved any of these stocks that are in the toilet and just said all right you know we'll take 5% of your stock but we're going to keep you alive what would that stock be worth two weeks from now double you know I'm pretty sure the government could double its money right you know maybe not double it but let's say 30 percent in the year I think the government could make 30 percent in a year simply by taking equity in these bigger companies that have stock so if we're not doing that I'd need an explanation why let's talk about the let's talk about the bill I'm gonna I'm gonna check the news see if there's a headline that says we've got a bill that's passed because you know I'd hate to be cursing for no reason at all because taking an equity stake creates an irresistible moral hazard I believe that we have tested it right did the government not take an equity stake in Chrysler and maybe some economic historians can give me other examples but I think it's already been tested and for a short term your use I don't think anybody's seen a problem with it but in fact check me on it it looks like it does not look like our Congress has acted so yeah is that right looks like our companies have not acted all right so here's my opinion on this so you've seen the news that Democrats apparently have tried to add some pork to the bill Republicans say that's what's killing it but at the same time Democrats are saying that Republicans are making this big slush fund it doesn't have enough controls on it to know where it's going let's say both of them are right because I think they probably are I think both sides are right meaning that neither side is acting responsibly in terms of the construction of this bill now even the president said I don't want to give money to people that are just going to do stock buybacks basically that's just transferring it to management the benefits so you know even the president isn't seeing the Congress as giving a Mobility consigned so let me say it as clearly as possible under normal under normal times non-emergency times I could put up with quite a bit of pork and I can put up with you know shenanigans and stuff because you know if you haven't ordered the argument in favor of pork there actually is one there's actually an argument in favor of pork which is that the senators from the states are trying to maximize what's good for their state that's our system each of the representatives get to maximize what's good for the state and fight for funding for their defense industries and fight for funding for their stuff so it's supposed to work that way in other normal times if you've got a funding bill and there's some clever senator who can get some you know pork in there to you know fund a military base in their property we kind of we kind of say we don't love it but we can put up with it alright so that's but that's in normal times we're not normal times this we're not in the time we're waiting a day is okay because I will get to it tomorrow we're not in those times we are in a crisis situation in which every minute makes a pretty big difference we it's a very unusual situation most problems I've got a long term nagging chronic problems and I'll get to it tomorrow we don't have a get to it tomorrow kind of a world at the moment at the moment we have politicians both Democrats and Republicans who we're not giving us what everybody knows we need which is immediate financial relief and checks to people who don't have a paycheck this week and as I watch this I say to myself well surely the people behind this will pay some price for so grotesquely and obviously not doing the people's bitung and so I look to the news and say okay who are the names of these people give me some names because these people need to lose their jobs they need to be fired because they're not doing the job of the people not even close right and so I look to the news and it's like Democrats say this and Republicans say that and I say well okay yeah that helps me a little but I don't like either side at the moment give me a name and then you know you see tweets and you know representative Crenshaw you know saying you know look at what these Democrats are trying to do and I look at that and they go okay that's great that's that's good context I'm glad you told me what are the names if the only name we're gonna get is Mc.

Connell you know Schumer and Pelosi that's not good enough that's not good enough because even if they lost their jobs there are a lot of left so let me put it in the starkest possible my way this would be the time to send your children away if you have children who are home I would ask you to either turn down the sound put on your headphones or send them out of the room I'll give you a moment the people in Congress whose names we don't have we need if the press doesn't give us names of people who are gonna vote for this pork or who tried to put the pork in there by today by today our press is absolutely worthless because this is an emergency I don't need to know the name of the party I know what a Democrat is I don't even need to know the name of the leader humor Pelosi I don't give a about them right now I want to know whose ass I'm gonna get fired I want to know who's a trying to put this in there and the country as hard as they can for whatever game locally whoever it is you don't have your priorities straight and we're going to straighten them out for you so as I said from the very beginning of this crisis this is not a spectator sport anymore you're in the game you might not want to be in the game nobody does I don't think but you're in the game and if your leaders are not doing the job this is not a spectator sport you need to target them for destruction and it has to happen today so let's create a list give me the names of people tell me what state what what leader put that in the bill I don't want to I don't don't give me a list that there's pork in the bill I don't care about the pork in the bill or no name I want to put it in there tell me you put it in there let's make a list now let's target them for destruction I don't care which party Republican Democrat independent they got to go these are people who are not Patriots they're not servants of the people they're not even human beams they're right now they're and they need to go and they need to go right away now you know don't need to fire them this week but we needed to make a list and we got to make a point like I said you know there are million times voters have been mad mad about this thing because you know you didn't get me the tax cuts I will target you for destruction and some people care and some people don't and then the incumbent gets elected usually this isn't like those situations this is a situation in which we all know we need to be a little bit flexible and that we have to have one goal which is to keep us alive and keep this economy moving if you need to feel like you debt add some pork to that bill well you you and your job because you're not going to have it very long give me the list press if you can give me the list I will I will set these on fire figuratively speaking we're not going to hurt anybody but figuratively speaking we are gonna torch these do it today this is not tomorrow business this is today business today if this is not past we have to go nuts all right find out your representative but first let's get some names I need an idea a list of that we can torch because this is no longer I'll just say it again this is not a spectator sport you you all need to contact whoever it is who's holding up the ball and just say look do the job or you're fired no doubt about it wait let's remove the question of whether they're fired you're fired you're fired if you don't get this done today and if we can't figure out you know who it is who can't get it done well then we got to go after all the incumbents you know that's harder but you know we've got to take a run at it all right I'm gonna relax the cursing for a moment but I hope you join with me on this this is not normal business your Congress is failing right in front of you and you have to take it to them you got to take the fight right to them and not the Democrats and not the Republicans give me names so it's not Democrat and Republican anymore it's Democrat Republican and I like Democrats I like Republicans I like anybody who's helping but not all right just looking at my notes to see if I covered it let me let me read what this doctor who had the good results with 350 patients said specifically so the this is why he did all right so given the urgency of the situation this was his guideline these were his guidelines number one any patient with shortness of breath regardless of age is treated so in other words he didn't wait for a test he just said okay those symptoms look dangerous not going to wait for a test I'm gonna treat you any patient in the high-risk category even with just mild symptoms is treated again not waiting for the tests treat them young healthy and low-risk patients even with symptoms are not treated unless their circumstances change so in order to preserve his his supply I guess he didn't treat people with mild symptoms and who were also young and that his outpatient treatment after he set him home so not hospitalized was hydroxychloroquine 200 milligrams twice a day for five days as if from Iceland 500 milligrams once a day for five days and zinc sulfate 220 milligrams once a day for five days and she said since last Thursday my team has treated approximately 350 patients in here yes Jo Joelle I guess that's the town and and another 150 nearby and of this group so that's 350 plus 150 500 people of this group zero deaths zero hospitalizations zero intubations meaning needing a ventilator in addition I have not heard of any negative side effects other than ten percent of the people had nausea and diarrhea yeah which for some of us that's just every day and that he urgently urgently treats people so here's what I think is going to happen I think the we gotta wait till the end of the week and confirm that this doctor and other doctors were trying this stuff are really getting the result they say we won't have full safety information but I think it will become rapidly clear that the trade-off of the risk of taking the drug versus the risk of not taking the drug it's going to be a hundred to want you know I don't think anybody's going to have any doubt about anything okay so that's all I got for now is this enough to drive you to vote Scott now you know it isn't I'm a special case because I don't want to be influenced by being a member of the party or even voting for a member of a party but the rest of you should you shall you should all vote somebody says $35,000 per super sick person is cheaper than ruining the economy well I don't know if that estimate is correct but it's the wrong thing to compare because you're comparing people dying to the to the economy if you're saying how much does it cost per death you're on why you're not from territory they're all right I'm mad today I hope you are too let's give something done let's go after the individuals and I'll talk to you this afternoon or probably 10 p.m.

Eastern Time we'll try to get back on 7:00 7:00 p.m.

Pacific talk to you later

[Applause]

good morning everybody welcome to

another day of coronavirus theater

except it's real it's really real yeah

we're gonna get through this and one of

the ways we're gonna get through it is

by enjoying the simultaneous F because I

believe all the studies are coming in

that the simultaneous it can protect you

from infection by the coronavirus seems

seems unlikely

I know but yes if you enjoy the

simultaneous sip with me

you're practically guaranteed to be

invulnerable from the coronavirus none

of that's true but we're living in a

world where half of the things I see on

social media are wrong so take it with a

grain of salt hello bill good to see you

and all you need is a cover of margaret

glass of tanker chelators Diana can't a

doctor flask a vessel of any kind and

fill it with your favorite liquid I like

coffee enjoy me now for the unparalleled

pleasure the dopamine to end of the day

the thing that makes everything better

including the pandemic it's called the

simultaneous it go mmm by the way do you

catch that little thing that that Trump

influenced me to do there's a there's a

choice of words that I use there that's

straight from Trump it's one that it's

one of my favorite little little

speaking things he does he'll assign a

nickname or brand somebody and then

he'll say it's called and I started

doing that and then somebody says the

Dow is way up let's check on that well

well well that was way up

oh there will be cursing if you're

wondering if you're wondering if I

changed my mind

oh no I did not because as far as I know

the Congress has not yet passed the bill

we'll check on that in a moment

I mean could happen any moment BSO seems

that our stock market has decided to

find a little optimism and I believe

that the stock market is correct there

is room for optimism this will be your

worst weekend your best be the best week

simultaneously that's right you're gonna

hear some no I can't

sorry this will be the best weekend the

worst week meaning that you're gonna

hear some insanely positive things and

some really bad stuff it's all gonna

happen this week but we're gonna turn

the corner you're in the elbow I call it

the elbow with a curve you know where

you're going flat flat flat flat flat

but you reach the elbow and then do you

know what that what's ahead of you it

was good stuff so where they we're in

the middle of the elbow right now and we

are guaranteed to get some good stuff

allow me to test the awesome power of

social media in a way I've never done

before it goes like this there is a

unexpected problem with delivery of some

of the protective equipment I'm talking

about masks and gallons and stuff so in

an amazing display of not just

patriotism but humanity and ingenuity

and everything that's good about people

people everywhere rose up and said how

can I help so there are little factories

converting in this country and other

countries and and middlemen trying to

find connections to connect the people

who are making stuff to the people who

are buying it and that sounds all good

right but the problem is there's too

much of it and the people who have to

are not capable you know they're not

really in the even experienced so if

somebody came to you and you work for

some government agency who needs to buy

some equipment and somebody comes to you

and says I know a guy who's got a

factory in a country you've never been

to you and and can you give me a bunch

of money and I'll make you some asks

well what do you do with that especially

if you've got 25 of them like how can

you tell which ones are real you know

because you know there's gonna be a

certain number of scammers right I mean

that's guaranteed they'll they'll be new

people promising things they can't

deliver they get your check they

disappear after the crisis so it's a

real problem you can't just throw money

at people in a crisis because you even

get a lot of bad actors so what do you

do so I have this specific problem that

I'm trying to solve this morning and

it's this I've got a credible source

somebody somebody I know who you know I

have strong credibility with in other

words somebody who's not lying to me who

has a source and can put them on at our

back on Friday so in two days I could

have a bunch of n95 masks on an airport

in in the Northeast but we can't because

we can't get a check and I doubt they're

going to ship without a check so the

politicians we're looking at it can't

make a decision and it's not their fault

they're they're not skilled at this they

don't know how to vet a sudden spring up

of a foreign factory with a stranger no

you know no track record how are they

held as a politician gonna make that

decision so here's what I'm asking for I

will connect you with a person that in

my opinion is highly credible and you

can you can look into yourself I need a

check for 3.1 million dollars to

guarantee a big load of masques land on

Friday and then keep coming from this

source now can I personally guarantee

that you would not lose your three point

million dollars I cannot I cannot

so this it's a it's a risky proposition

you could do your own due diligence find

out about the person involved make sure

you get pictures of the factory actually

producing them you know standing next to

the person whose shows up in the

correspondence you know in a few hours

you could convince yourself that whether

it works or not you know there's lots of

unknowns but you could convince yourself

that the people are real there's a real

factory there really making them they

can really get them here if you're a

billionaire and you're willing to take

some risky short-term thing because you

know this is a short-term sort of a a

bridge loan if you will because once the

buyers in the and the supplier are

connected they make their own money but

they'd like to get it on our soil

so for 3.1 million dollars you can put a

bunch of masks on on American soil from

another country and and then it will

work out how to get them somewhere

because if if you're the person who's

trying to decide who can deliver you

don't have to wonder about the person

who just delivered right I mean if if

the if the crates are sitting on the

tarmac in America at least you can trust

that guy can get you some more masks

right so that that's the ask it's a

gigantic ask it's big

if you're not a billionaire probably

don't consider this because I don't I

can't tell you you're gonna get your

money back can't tell you that but it's

an emergency and I'll put that out there

now I'm going to try you know through

some private channels as well and maybe

there are other people having similar

problems the problem is going to be this

credibility thing right so if there's

anybody who has a way too short to

shortcut the credibility problem in any

way either maybe you could say you can

imagine this somebody could just

guarantee it so you don't put up any

money but you say alright I'll sign it

I'll sign the document today that says

if this doesn't get delivered you know

I'll cover your costs or something like

that so you could imagine creatively

finding a way to shortcut that all right

so enough of that

here's a problem that I just learned

about the other day this he was really

big so your your big hospitals have a

lot of teach student doctors and by

student doctor I mean somebody who could

have graduated in May and there's so

they're this close to being an actual

doctor and they have essentially all of

the doctor skills they just don't have

that diploma because it's not May they

had to be pulled out of hospitals

because the teaching colleges couldn't

support them in the the crisis situation

because there's Honor there's an

insurance problem so tens of thousands

of people who are near doctors just they

don't have this certificate but they've

been working in the hospital got pulled

off the front line because of an

insurance problem needed to fix that

right you know and one can imagine that

the government could step in and say

okay temporarily all those student

doctors either can't be sued I suppose

you could do that you could just say if

you're a student doctor you're called

into action for the next three months no

matter what you do you can't be sued I

mean that would be the quickest way to

do it but I suppose you could also put

in money so that there's actual

insurance and then people just act like

doctors and if you do something wrong

maybe you do get sued but at least you

have insurance so that's a big problem

that needs to be fixed and literally can

free up just a lot of a lot of human

power there continues to be just really

horrible fake news on CNN it's still on

their website still a story and it goes

like this here's the actual text from

CNN President Trump continues continues

touting chloroquine a malaria drug II

believes might help fight against

coronavirus CNN's Sanjay Gupta explains

why that and other drugs that might be

effective against the virus need more

evidence here's the problem that's not

the drug that President Trump is

has good hopes in it's not chloroquine

is the generic older weaker form the

actual drug is a derivative this I'm not

a chemist so you know if I'm using their

own words forgive me but it's

hydroxychloroquine and it's not by

itself it's hydroxychloroquine with the

azithromycin and then I think in some

cases are all with zinc so if you

haven't studied those three it is

nonsense to say CN n it's nonsense to

say the president is pushing this other

drug that's in the same family but it's

a different drug and if you would look

at it by itself

apparently the evidence is weak and it's

the wrong drug anyway so if you're

watching CNN say Trump is pushing a drug

that's not tested look carefully for the

word they use are they saying

chloroquine which he's not promoting

although you know earlier on there were

some some suggestion that it worked or

is he pushing I hydroxychloroquine in

combination with the z-pak or

erythromycin and zinc because there is a

memo memo I guess or a letter from a

doctor so here's some new information a

doctor in New York tweeted 350 patients

because he's in the hot spot somewhere

in New York 350 patients and wrote up

his experience using the the recommended

let's call it the the Trump Trump pack

the Trump pack which is the

hydroxychloroquine not the chloroquine

but the hydroxychloroquine plus as a

thermos n' and zinc and he reported that

n of 350 people he treated zero deaths

now apparently he was getting them early

so he wasn't waiting for wasn't waiting

for symptoms to get bad if they came in

and said you know it looks like it they

got the drugs zero hospitalizations 350

patients

zero hospitalizations zero deaths now

zero hospitalizations means zero

ventilators right now keep in mind this

was not a controlled test it's one

doctor who treated 350 people I think he

knew they had coronavirus I'm guessing

and and he got a result that would

clearly indicate that if that's

reproducible it would clearly indicate

that we can get back to work and we'll

talk about that all right

the range that I'm hearing for so the

medical experts and other experts are

weighing in but how long should we wait

before getting back to work and I'm

seeing estimates of some some experts

said that in wuhan in China

five to seven weeks of lockdown was was

necessary to really get on top of it

five to seven weeks but the president

has said that at the end of two weeks

you'll have some kind of decision now I

don't think he's made his mind up and

we'll talk about the options but it's

good to know there's a decision now let

me tell you one of the most important

concepts of economics now this the

swearing is coming oh it's coming but

we'll get there

so here's one of the most important

concepts in economics now you don't need

to study economics to get the easy stuff

such as you know some costs you can

ignore in the future that kind of thing

here's another one

economies like certainty now you say to

yourself well duh doesn't everybody like

certainty what economies really like

certainty I mean really really really

like certainty so if you have a

situation where you have this choice

saying I don't know when we'll open up

I'll let you know when we know very very

bad for an economy even if it's true

completely true oh gosh I don't know

when we can open up we're just gonna

have to wait and see that is death to an

economy now compare that to we're going

to be out of this in four weeks and it's

not true it's just not true but your

leader says to you we're gonna be out of

this in four weeks now when you get to

the end of the four weeks might you

reconsider well of course that's what

everybody does a month from now you

should reconsider every part of your

life all the time you know everything's

changing all the time a month from now

do you still want the same job is your

exercise routine good markets like in

economies like certainty now you don't

want random certainty that you know is

just BS but you're willing to take a

little bit of BS because you know

everybody else is going to take it and

that gives you the illusion of certainty

and it keeps your economy on track so

president Trump master of psychology in

my opinion he's got this interesting

balancing thing because I guarantee you

that Trump knows what I just said Trump

knows that certainty makes the economy

work and here's the key thing the

economy would rather definitely have bad

news then maybe have good news if you

don't understand that you're missing the

the importance of certainty certain bad

news that we can figure out how to solve

is better for an economy then well could

be great I don't know maybe some good

stuff out here can't really define it I

don't know what's gonna could be good

could be bad we don't know that's death

so at the end of the second week the

president has promised you something

closer to that certainty I don't know if

all observers understand how right that

is

because if he went too early and said

you know I'm gonna tell you right now

we're gonna open three weeks or whatever

you wouldn't believe it would you did

you'd say I don't know we haven't

watched this enough we haven't seen

enough we haven't watched the other

countries enough we haven't studied

enough we don't know enough but at the

end of the second week you're gonna be

in a little bit more of a gray area and

you're gonna say to yourself yeah I feel

like given the trade offs you certainly

have lots of uncertainty but let's call

it let's call the time we're going back

to work or at least you know call the

phased approach back to work but let's

add some certainty which we can change

later all right it's not real certainty

it's let's say it's functional certainty

the real kind is where you really

believe in you're really right the

functional kind is that the kind the

economy needs the economy needs the

experts and the politicians to say you

know it's going to be three weeks and

it's okay if somebody says and in three

weeks a bunch of people are going to die

we're gonna lose a bunch of money we're

pretty sure about it remember bad news

that you're sure about and you know how

to deal with it you know how to get to

the other side is not nearly as damaging

as well we just don't know what's going

on

so get your certainty the president has

promised that it is exactly right he is

going to have the toughest job in the

world and I hope history I hope history

understands this I hope history

understands that our president is going

to make decision with you know you'll be

talking to everybody the governors and

the experts and everything but

ultimately it's going to be a

presidential decision and he's going to

have to appear him to this morass of you

know experts who may or may not agree

he's gonna have to look at the economy

he's gonna have to just feel the

zeitgeist of the country it's what he

does best right if you wanted one

president you thought was most tapped

to the zeitgeist the answer German word

for you know how people are feeling at

the same time he's the guy nobody's more

tapped in you know it has a direct

pipeline of public sentiment than this

president he's very tapped in so that's

good news

he has a business background which means

he has overruled

experts a lot I don't want to tell you

all the times I've overruled experts

medical financial legal alright so I

don't know how to say this without

sounding like a douchebag so I'm just

going to do it anyway it's an emergency

so you don't mind me sounding like a

douche bag for now forgive me in advance

I operated a pretty high level of

business because I have to the the

Dilbert Enterprise is a pretty big

operation and it has been and so I make

a lot of big business decisions and I've

got a lot of expertise plus my own life

I've made quite a few medical decisions

with and without medical experts and I

got to tell you that if you're operating

at the higher levels you're not taking

the advice of experts on face value it

just doesn't happen at Trump's level as

a just operating the Trump universe and

doing his job before he was president I

guarantee you he he had to manage the

advice of experts and when I say manage

it I mean sometimes take it and

sometimes not and sometimes have to be

the referee of different competing

experts so he has exactly the right

talents tack and skill set for

negotiating a situation where you don't

understand everything the experts

understand that's the nature of experts

but you still have to negotiate a

decision he's kind of perfect for this

he really is his BS detector is as good

as anybody's and he has just the right

amount of credibility which some people

would I'm sorry not credible

he has just the right right amount of

skepticism which his critics say is too

much yeah they're gonna say he's anti

science not believing the experts but

you know it's just right to me it's it's

just right to me somebody says Scott's

technical IQ less than 100 well we don't

need you doing goodbye and let's talk

through some of the some of the factors

so here's another fact about deadlines

if your president says and and I hope he

does on this day we're gonna start a

phased approach back to work I don't

think he's gonna say everybody go back

to work that's not gonna happen this can

be phased and here's another

psychological fact people like deadlines

not just in the psychological way that I

said that the economy likes to know have

certainty even if it's bad news they

like certainty but people respond to

deadlines like crazy it's just it's the

most universal management of fact if the

president says on X day these people are

going to go back to work and the medical

community says as I imagine some of them

will know it's there's just no way we

can handle that the disease will kill us

all or whatever they're going to say you

will be surprised how much ingenuity and

hard work can be packed into whatever

time the president says this needs to be

done so in an emergency and when we're

all focused and when the best of us are

taking the lead and I think that's

largely the case and an emergency the

best people they take the lead even if

you don't ask them they just take the

lead so the best people on earth working

as hard as they can to a presidential

deadline even if that deadline is not

based on what the experts are telling

him it should be and it probably won't

be watch how those experts work to the

deadline

you're gonna be amazed are you gonna be

amazed so here are some thumb some

things that we could do if we're gonna

phase in the back to work and this just

to give you a flavor of that I can't say

I either thought too hard about it but

here are the different risk factors so

you can imagine some kind of phased

approach in which we take into

consideration that we don't have the

same risk profile now everything kind of

depends on the hydrochloric weaned and

as if through Meissen zinc combination

being effective as this one doctor with

his one study let's not call it a study

let's call it his experience it's

anecdotal if that bears out and we're

seeing good evidence that it might then

we've got a good we've got a pretty good

plan out it looks like this people who

do not have any kind of an income

they've got to be at the top of the line

all right now some of them won't have

the kind of jobs that they can go back

to some of them have a underlying health

problem and we just got to give them

money to get by and so that's what the

government is working on oh there will

be swearing there will be cursing it's

coming but there are other people such

as myself such as there might be seniors

who have Social Security but there have

a part-time job and you can imagine

saying okay if you have some income you

know you can at least get a check and

buy some groceries maybe you're not the

top priority but this isn't the only the

only factor you want to look at people

who could potentially isolate maybe they

drive to work in their car that nobody

else ever gets into they can keep a

social distance depending on the kind of

job so the kind of job and whether you

can isolate it's got to be important if

you're unhealthy you've got a better

chance of not dying if you're already

recovered and and tests have proven that

you have it and you're done I'm still

not the expert on an immunity but I have

to think he gives you a better chance

now I think we don't know enough about

how much or what kind of

unity will let the experts decide on

that I'm just putting it up here as the

things that will be looked at hospital

capacity has to be important let's say

you open up in a in a certain location

and their hospital it hasn't been

impacted yet

well maybe you can experiment a little

bit there maybe you can be a little bit

looser a little bit in a place this

still has plenty of hospital capacity

and a little bit tighter where it

doesn't it looks like outdoors is way

safer than indoors there's there's a

body of evidence that's coming together

from past pandemics as well as this one

that being inside where you're sharing

air is the worst thing that could happen

and being outside probably helps

apparently before there were antibiotics

pandemics were handled at least partly

by outdoor tents so they would literally

just take people out in the Sun put your

your treatment you know outside in the

air and the Sun didn't have to be in

direct sunlight but at least outdoors

and apparently the outdoors is really

bad for viruses so it's not a cure but

you can certainly reduce the amount of

the problems by it outdoors so imagine

if you will that the president says yeah

you can open your restaurant but tables

have to be X feet apart servers have to

wear gloves and masks and all service

has to be outdoors or takeout

a lot of restaurants could actually open

outdoors the the ones in my town for

example a lot of them have you know a

little bit of outdoor seating but you

could easily imagine how they we could

temporarily say oh just extend it to the

sidewalk people are gonna have to walk

around in the streets but there isn't

much traffic anyway so you could imagine

people getting flexibility to do outdoor

dining because the weather's starting to

change not in your town maybe but in

California you could start already the

availability of testing how much there

is and where it is what would be a

factor your distance from outbreaks if

you're someplace that hasn't had one yet

maybe you get a little more flexibility

I would also factor in your family

isolation

you know if you're going to work

somewhere are you bringing something

back to a family of five in a in a 2,000

square foot home that's not good or do

you live alone or do you live in a home

where you're you have one senior but

they're really in their own part of the

house and they're safe if you live alone

and you drive alone and you can get some

separation maybe you're top of the line

because you're not even bringing it home

how replaceable are you I hate to say it

that way but you know if you're a manual

laborer and somebody can easily do your

job well maybe you go to work as long as

we've got the the good meds that can

keep you alive should you get something

because you're replaceable I hate to use

that but if you're just laborer we can

find somebody to do some just labor all

right

it's cruel but that's the and then the

availability of the meds and the

protective gear if you live in a town

where your hospital doesn't have many

patients but also it doesn't have much

protective gear or ventilators maybe

maybe that puts you toward the end of

the list so I saw I forget which senator

it was who went on television was on

Tucker's show and I like the guy meaning

that I liked his attitude and and his

attitude was he was 70 was just turning

70 you can remind me in the comments I

mean if you saw the show who the who the

politician was it was congressman or

senator I can't remember and he was

saying you know that the that the

grandparents are willing to take a risk

to get the economy going so he was

saying hey you know if I can be part of

the productive economy I'm 70 I'm at

risk I'm gonna take the risk and he was

he was making the argument that

grandparents would rather die than ruin

the world for the young and he was

saying look you know if I got to die to

keep the economy going so that my

grandparents have a place to live or

grandkids I'm the place to live I'll

sign up for that

wrong wrong wrong yes it was a Texas AG

Ken Paxton people are telling me in the

comments here's my comment wrong wrong

wrong wrong wrong everything about that

is wrong I love the attitude I like the

guy Dan Patrick I guess in Texas so my

appreciation of the person is sky-high

because literally he just said I will

risk my life for other Americans I love

the guy but it's the wrong strategy do

you want your 70 year olds clogging up

the ICU rooms and ventilators because

they were brave let's be honest and how

much of the 70 year olds adding to the

economy including Dan Patrick Dan

Patrick can work from home it's that

kind of a job I don't want him to go

into work do you want Dan Patrick to

take up an ICU room if he can stay home

and and work for them no you don't so

his bravery his attitude I love I love

that guy his strategy dead wrong dead

wrong we should discourage brave

grandparents because they're gonna be

brave you know there's a lot of people

you know they're veterans people went

through the war people have done

everything people not afraid to die but

we're not gonna let them die which means

that they would take up hospital space

for other people bad bad idea to let the

70 year old say anytime soon until we

got a much better handle on this so Dan

Patrick that's I believe that was it was

love you man totally love you but it's

not the strategy we need it's not good

for us all right

let's see I you know somebody's trying

to hack one of my social media accounts

this morning and the reason I know is

because I keep getting password change

requests and and I thought to myself

couldn't you fix that by telling me what

their guesses were if somebody is trying

to hack you know just guess my password

and I can

these these notices and somebody's

trying to do it should they also tell me

what the guesses were because if the

guesses look random I'm gonna be like

they're so you maybe somebody thought it

was the wrong account or something but

if the guesses are anywhere in the

neighborhood of like something that

looks like somebody knows me I want to

shut that crap down right away

so this is just a message to social

media people if you could tell me what

the guesses were so that I know how much

risk all right so the Chinese seem to be

going all-in on blaming the u.s. for the

corona virus or at least escaping

escaping blame I've been saying since

the beginning that I don't like the

phrase Chinese virus because if it even

raises the question of you are you being

racist why why cause that trouble right

why cause that trouble why would you do

it and but then I revised my feeling

about that when I realized China was

trying to blame the u.s. and then the

president was just branding them back

now it's it's your freakin virus it's a

Chinese virus and I've decided to just

go all-in

I'm all-in on Chinese virus until China

stops if if China decides our okay it

was us we will stop blaming you for that

that's the last time I'll ever use that

phrase because I find it a little bit as

offensive and I always see any reason to

offend Americans who have some Chinese

and ancestry I see no reason to offend

Chinese citizens we're just trying to do

the best they can but man your

government if you're gonna brand us with

us it's coming back so it's it's the

Chinese flu it's the Chinese virus to me

until they stand out all right let's

talking about some of the options that

the government is talking about for

phasing in now

I'm gonna do something obnoxious and

only the people who are new to this

periscope will will see it as obnoxious

because you don't have the context I'm

gonna brag about telling you something

before other people told you now the

context is that's specifically what I do

on these periscopes I make predictions

and then later I say oh I was totally

wrong or I got that one right and see if

we learn anything right so when I

bragged about getting something right

just just know that if I got wrong I

would also tell you and that's part of

the process so don't judge me as being

an egomaniac or anything it's just part

of the process you should be watching to

see if I can predict better than other

people and part of that process is me

telling you when I got it right who else

told you that this was not yes no go

back to work but that it would be a

Phase two process in which we would

intelligent ly assign risks to different

categories and that we'd start going

back to work you know but probably the

seniors and that risk people will be the

last to go who else told you that that

was gonna happen I think I was the first

right now just keep that in mind and add

it to your tally if you're keeping

keeping track so I can see this coming

from a mile away if you didn't maybe you

should listen to my periscopes more so

here are the some of the options being

discussed let's see if we have a

favorite I took this off of I guess Fox

News reporting one option is phasing in

younger people people under 40 and

keeping other people out so that would

just be simple under 40 go back to work

so that's one option another option is

to keep in place restrictions only on

the vulnerable and the seniors like

nursing homes but allow everybody else

to return so the other option is you can

go back to work unless you're clearly in

these you know vulnerable and nursing

homes or you're older or you have you

know underlying conditions I guess

a third plan would say the Trump would

lift the federal guidelines but let the

governor's work it out so it's sort of

they you know lift the guidelines maybe

give some extra guidance but let the

governors decide what makes sense in

each county etc not bad

a fourth idea is to keep in place some

federal guidelines but change others to

give States more leeway so there's you

know all kinds of hybrid and one or

other ideas two specific types of

workers to return to work including you

know people who have risk profiles you

can say I'm gonna I'm gonna weigh in all

right so here's how I think we should go

I think our federal government in

working with the experts should

categorize our risk in the cleanest

graphic way they can I need a one-pager

this says if you know here's your

checklist you do the checklist and then

add up the numbers and maybe they're

weighted so you know if you check that

your 85 with you know lung cancer you

know that's a hundred points and you're

just that you just stay home so imagine

they're weighted answers but it's just a

checklist you say okay I'm under 40 I'm

healthy you know et cetera and you just

say if you filled out this checklist and

you got a score under five or whatever

it is you're cleared now keep the

checklist with you if if somebody comes

into your place of business and says can

I see your checklist be prepared to show

it to them might be police or health

authorities etc be prepared to show it

but it's not a it's not a license you're

not going to go to jail you know

everybody's making individual decisions

but I think your police and officials

might want to flag you and say you know

your your checklist you don't have a

checklist go home and get one or you

know we would encourage you not to do it

etc but I think the federal government

probably should only go so far as to

categorize risk

and then maybe let the governors decide

you know which counties you know are

appropriate etc so I think it's going to

be some kind of a hybrid where the where

the federal government changes its

guidelines but keeps them in place

there's guidelines in place and then the

states get to choose a little bit from

the guideline so I think it'll look

something like that but I think we need

a little more a little more gradation on

the checklist I don't think you can just

say under 40 over 40 you need a little

extra gradations there we can get there

been a lot of discussions about what you

can do to sterilize a mask if you had to

reuse it and the most current thing I

saw is some actual testing was done of

you know putting cleaning agents on the

mass etc and apparently some of the

cleaning agents on no expert here just

giving you a giving you a high overview

some of the cleaning agents will break

down the integrity of the mask but I

think it was isopropyl maybe something

else maybe not as quickly but you also

don't know if they do over time so that

the chemical treatments have a risk that

has been identified that can break down

the integrity of the mask sometimes

quickly maybe over time depends on the

chemical but it is suggested that the

one thing that has not been debunked is

heating it to a temperature that doesn't

hurt the structure of the mask the same

way the chemicals do but but kills all

the the bugs and the suggestion I'm not

a scientist I'm not recommending it

don't try it at home I'm just passing it

along so you know what people are

talking about the heating an oven at 150

degrees for 30 minutes would remove the

you know any risk from the mask except

that I don't know exactly what it does

to the integrity of the mask you know do

we know that 158 degrees for 30 minutes

in an oven do we know that doesn't

affect the integrity so apparently it

was tested and the

reports are that that would be the one

that would be the highest the highest

probability of giving you a the safest

reusable mask but don't take my word for

any of this these are all preliminary I

don't think any of the studies you know

meet the means scientific rigor yet but

these are just indications all right

let's talk about oh the government is

looking at your back stopping businesses

who might otherwise go into business and

here's the question I would ask

I saw it described as loans but then I

also heard some talk about the

government taking equity now shouldn't

we always take equity why would we ever

do a loan I guess each situation is

different maybe some don't have it could

be that some don't have stock so you

don't have that option but for any

largest company that is public and has

stock why would the government not take

stock and and owed equity on behalf of

the public in return for taking a

failing company and turning it around

now what's interesting about the

government investing in something is

that when the government puts money into

a business it's probably going to make

it especially if the government is

making other changes to the economy in

the world that would make it successful

so having our government take equity I'm

a big fan of that because do you know

where the stock market is right now yes

you do it's very low if our government

had saved any of these stocks that are

in the toilet and just said all right

you know we'll take 5% of your stock but

we're going to keep you alive what would

that stock be worth two weeks from now

double you know I'm pretty sure the

government could double its money right

you know maybe not double it but let's

say 30 percent in the year I think the

government could make 30 percent in a

year simply by taking equity in these

bigger companies that have stock so if

we're not doing that I'd need an

explanation why

let's talk about the let's talk about

the bill I'm gonna I'm gonna check the

news see if there's a headline that says

we've got a bill that's passed because

you know I'd hate to be cursing for no

reason at all because taking an equity

stake creates an irresistible moral

hazard I believe that we have tested it

right did the government not take an

equity stake in Chrysler and maybe some

economic historians can give me other

examples but I think it's already been

tested and for a short term your use I

don't think anybody's seen a problem

with it but in fact check me on it it

looks like it does not look like our

Congress has acted so yeah is that right

looks like our companies have not acted

all right so here's my opinion on this

so you've seen the news that Democrats

apparently have tried to add some pork

to the bill Republicans say that's

what's killing it but at the same time

Democrats are saying that Republicans

are making this big slush fund it

doesn't have enough controls on it to

know where it's going let's say both of

them are right because I think they

probably are I think both sides are

right meaning that neither side is

acting responsibly in terms of the

construction of this bill now even the

president said I don't want to give

money to people that are just going to

do stock buybacks basically that's just

transferring it to management the

benefits so you know even the president

isn't seeing the Congress as giving a

Mobility consigned so let me say it as

clearly as possible under normal under

normal times non-emergency times

I could put up with quite a bit of pork

and I can put up with you know

shenanigans and stuff because you know

if you haven't ordered the argument in

favor of pork there actually is one

there's actually an argument in favor of

pork which is that the senators from the

states are trying to maximize what's

good for their state that's our system

each of the representatives get to

maximize what's good for the state and

fight for funding for their defense

industries and fight for funding for

their stuff so it's supposed to work

that way in other normal times if you've

got a funding bill and there's some

clever senator who can get some you know

pork in there to you know fund a

military base in their property we kind

of we kind of say we don't love it but

we can put up with it

alright so that's but that's in normal

times we're not normal times this we're

not in the time we're waiting a day is

okay because I will get to it tomorrow

we're not in those times we are in a

crisis situation in which every minute

makes a pretty big difference we it's a

very unusual situation most problems

I've got a long term nagging chronic

problems and I'll get to it tomorrow

we don't have a get to it tomorrow kind

of a world at the moment at the moment

we have politicians both Democrats and

Republicans who we're not giving us what

everybody knows we need which is

immediate financial relief and checks to

people who don't have a paycheck this

week and as I watch this I say to myself

well surely the people behind this will

pay some price for so grotesquely and

obviously not doing the people's bitung

and so I look to the news and say okay

who are the names of these people give

me some names because these people need

to lose their jobs they need to be fired

because they're not doing the job of the

people not even close right and so I

look to the news and it's like Democrats

say this and Republicans say that and I

say

well okay yeah that helps me a little

but I don't like either side at the

moment give me a name and then you know

you see tweets and you know

representative Crenshaw you know saying

you know look at what these Democrats

are trying to do and I look at that and

they go okay that's great that's that's

good context I'm glad you told me what

are the names if the only name we're

gonna get is McConnell you know Schumer

and Pelosi that's not good enough that's

not good enough because even if they

lost their jobs there are a lot of

left so let me put it in the

starkest possible my way this would be

the time to send your children away if

you have children who are home I would

ask you to either turn down the sound

put on your headphones or send them out

of the room I'll give you a moment the

people in Congress whose names we don't

have we need if the press doesn't give

us names of people who are gonna vote

for this pork or who tried to put the

pork in there by today by today our

press is absolutely worthless

because this is an emergency I don't

need to know the name of the party I

know what a Democrat is I don't even

need to know the name of the leader

humor Pelosi I don't give a about

them right now I want to know whose ass

I'm gonna get fired I want to know who's

a trying to put this

in there and the country as

hard as they can for whatever game

locally whoever it is you don't have

your priorities straight and

we're going to straighten them out for

you so as I said from the very beginning

of this crisis this is not a spectator

sport anymore you're in the game you

might not want to be in the game nobody

does I don't think but you're in the

game and if your leaders are not doing

the job this is not a spectator sport

you need to target them for

destruction and it has to happen today

so let's create a list give me the names

of people tell me what state what what

leader put that in the bill I don't want

to I don't don't give me a list

that there's pork in the bill I don't

care about the pork in the bill

or no name I want to put it in there

tell me you put it in there let's make a

list

now let's target them for destruction I

don't care which party Republican

Democrat independent they got to

go these are people who are not Patriots

they're not servants of the people

they're not even human beams

they're right now they're

and they need to go and they

need to go right away now you know don't

need to fire them this week but we

needed to make a list and we got to make

a point like I said you know there are

million times

voters have been mad mad about this

thing because you know you didn't get me

the tax cuts I will target you for

destruction and some people care and

some people don't and then the incumbent

gets elected usually this isn't like

those situations this is a situation in

which we all know we need to be a little

bit flexible and that we have to have

one goal which is to keep us alive and

keep this economy moving if you need to

feel like you debt add some pork to that

bill well you you and

your job because you're not going to

have it very long give me the list press

if you can give me the list I will I

will set these on fire

figuratively speaking we're not going to

hurt anybody but figuratively speaking

we are gonna torch these

do it today this is not

tomorrow business this is today business

today if this is not past we have to go

nuts all right find out your

representative but first let's get some

names I need an idea a list of

that we can torch because this is

no longer I'll just say it again this is

not a spectator sport you you all need

to contact whoever it is who's holding

up the ball and just say look do

the job or you're fired

no doubt about it

wait let's remove the question of

whether they're fired you're

fired you're fired if you don't get this

done today and if we can't figure out

you know who it is who can't get it done

well then we got to go after all the

incumbents you know that's harder but

you know we've got to take a run at it

all right

I'm gonna relax the cursing for a moment

but I hope you join with me on this this

is not normal business your Congress is

failing right in front of you and you

have to take it to them you got to take

the fight right to them and not the

Democrats and not the Republicans give

me names

so it's not Democrat and Republican

anymore it's Democrat Republican and

I like Democrats I like Republicans I

like anybody who's helping but not

all right just looking at my

notes to see if I covered it let me let

me read what this doctor who had the

good results with 350 patients said

specifically so the this is why he did

all right so given the urgency of the

situation

this was his guideline these were his

guidelines number one any patient with

shortness of breath regardless of age is

treated so in other words he didn't wait

for a test he just said okay those

symptoms look dangerous not going to

wait for a test I'm gonna treat you any

patient in the high-risk category even

with just mild symptoms is treated again

not waiting for the tests

treat them young healthy and low-risk

patients even with symptoms are not

treated unless their circumstances

change

so in order to preserve his his supply I

guess he didn't treat people with mild

symptoms and who were also young and

that his outpatient treatment after he

set him home so not hospitalized was

hydroxychloroquine 200 milligrams twice

a day for five days as if from Iceland

500 milligrams once a day for five days

and zinc sulfate 220 milligrams once a

day for five days and she said since

last Thursday my team has treated

approximately 350 patients in here yes

Jo Joelle I guess that's the town and

and another 150 nearby and of this group

so that's 350 plus 150 500 people of

this group zero deaths

zero hospitalizations zero intubations

meaning needing a ventilator in addition

I have not heard of any negative side

effects other than ten percent of the

people had nausea and diarrhea

yeah which for some of us that's just

every day and that he urgently urgently

treats people so here's what I think is

going to happen I think the we gotta

wait till the end of the week and

confirm that this doctor and other

doctors were trying this stuff are

really getting the result they say we

won't have full safety information but I

think it will become rapidly clear that

the trade-off of the risk of taking the

drug versus the risk of not taking the

drug it's going to be a hundred to want

you know I don't think anybody's going

to have any doubt about anything okay

so that's all I got for now is this

enough to drive you to vote Scott now

you know it isn't I'm a special case

because I don't want to be influenced by

being a member of the party or even

voting for a member of a party but the

rest of you should you shall you should

all vote somebody says $35,000 per super

sick person is cheaper than ruining the

economy well I don't know if that

estimate is correct but it's the wrong

thing to compare because you're

comparing people dying to the to the

economy if you're saying how much does

it cost per death you're on why you're

not from territory they're all right I'm

mad today I hope you are too

let's give something done let's go after

the individuals and I'll talk to you

this afternoon or probably 10 p.m.

Eastern Time we'll try to get back on

7:00 7:00 p.m. Pacific talk to you later