This first one is hard to believe. The rate on the government’s 10-year Treasury bond is around 0.70%. That’s the lowest it’s been for more than 150 years. Whoever buys one of these bonds is basically giving the government an interest-free loan, money the government could use to help people who’ve lost their jobs, small businesses that have lost their customers and local governments that are spending more and collecting less in taxes because of the virus.
This second chart is easy to believe. It shows confirmed Covid-19 cases per million people. Although the president and his cronies claim that America’s response to the virus has been “spectacular”, compared to a country with a competent national government, South Korea, our response has been spectacularly bad. We’re the red line. South Korea is the blue.
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