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The Death of Airlines The Great American The Melt Up Real Estate In Meritocracy at Risk Boom Is Back COVID-19 Times REGAN SJUGGERUD TODD AMERICAN CONSEQUENCES IDEAS THAT MATTER EDITED BY P.J. O’ROURKE the SUMMER that wasn't NEARING THE END OF ANOTHER LOST SEASON... WILL AMERICA FALL FLAT ON ITS FACE AGAIN? AUGUST 2020 ADVERTORIAL INSIDE THIS ISSUE he seasons steal by in 2020. First • Dr. Steve Sjuggerud shows that the Melt Up spring, then summer... Now, we enter is back, with the market moving past the Tautumn with few illusions. pandemic... and why you must be invested as stocks soar far higher than anyone Millions of Americans remain unemployed. imagines. More than 165,000 are dead. Hotspots are increasingly moving from cities to small • Wall Street truth-teller Joel Litman details towns. Any return to school is haphazard the “At-Home Revolution” and how loss at best. And the upcoming election has the aversion can make your potential profits potential to dramatically shift our nation. vanish. Americans are getting desperate. As always, we’re watching Twitter so you don’t The COVID image they have to... Dr. David Eifrig has 10 tips to save There is no simple way out of this crisis of in COVID-19 times... And globetrotting our own making. And the slow-moving financial writer Kim Iskyan shows how the financial catastrophe brought about by the debt jubilee is going global. don’t want you to see government’s response to the pandemic is only going to get worse. And don’t miss... Libertarian journalist John Stossel details why private business succeeded Editor in Chief P.J. O’Rourke kicks us off where NASA failed in the space race. Stanford this month with a deep dive into Democratic economics professor John B. Taylor shows presidential candidate Joe Biden’s many, The coronavirus hysteria is back that school choice is the only option for many, many plans for America. improving America’s education system. dominating the headlines. Pat Buchanan labels today a stress test of a Joining us for the first time... and with many But there’s one chart that “they” – more to follow... is award-winning journalist straining superpower... and one we might fail. Trish Regan. She shares a tale of her travels power-hungry politicians and the Finally, Executive Editor Buck Sexton takes in socialist Venezuela – and concludes with a mainstream media – don’t want you us full circle with a look at Joe Biden and his stark warning for America. to see… habit of saying things that are barely coherent Our financial coverage for industries and and often absurd... and why Joe may be a This image – created with sectors hit by COVID-19 continues... Trojan horse candidate for the far-left agenda. official CDC data – shows that And it has some pretty eye-opening • Buy real estate in COVID-19 times, writes Please read and share our latest magazine, COVID-related deaths are nearly consequences for Baby Boomers Kendra Todd – who both won The Apprentice and tell us what you think at feedback@ back to pre-pandemic levels. and anyone else in or nearing and worked with now-President Donald americanconsequences.com. retirement. Trump on his record-breaking $95 million Regards, So why all the hysteria? sale of a Palm Beach oceanfront estate. This is the most important Steven Longenecker It all has to do with Election 2020. COVID analysis out there… • But dump airlines, Bill McGilton and Publisher, American Consequences Warren Buffett say... as we wonder which major airline will be the first to go bankrupt. 2 August 2020 ADVERTORIAL The COVID image they don’t want you to see The coronavirus hysteria is back dominating the headlines. But there’s one chart that “they” – power-hungry politicians and the mainstream media – don’t want you to see… This image – created with official CDC data – shows that And it has some pretty eye-opening COVID-related deaths are nearly consequences for Baby Boomers back to pre-pandemic levels. and anyone else in or nearing retirement. So why all the hysteria? This is the most important It all has to do with Election 2020. COVID analysis out there… ADVERTORIAL THE “BIG LIE” ALL OVER YOUR TELEVISION How many times have you heard these phrases this year... We’re all in this together... The new normal... Unprecedented... Challenging times... Hundreds, maybe even thousands? the collapse of General Motors, the bankruptcy of Fannie Mae and Freddie But one multimillionaire business owner Mac in 2008, and the exact bottom of from Maryland is urging you to look a the market earlier this year. little deeper... Now, he’s released a bombshell new He says: presentation you’ll never see anywhere While most people are focusing on face in the mainstream media. masks and stimulus checks... they’re He claims most Americans are falling ignoring what’s really happening... the for a “Big Lie” right now that’ll make NEXT big and inevitable event, which the rich richer while most folks get left will determine your financial future... behind. and how much you have for retirement. To see if you’re buying into the “Big This same man, a renowned stock Lie” check out his controversial free market expert followed by hundreds presentation while it’s still online here. of thousands of readers, also predicted AUGST 2020 : ISSUE 36 LOST? CLICK CONTENTS HERE 64 76 72 48 36 80 AMERICAN 2 Inside This Issue 54 The Great American BY STEVEN LONGENECKER Meritocracy at Risk CONSEQUENCES BY TRISH REGAN Editor in Chief: P.J. O’Rourke 6 Letter From the Editor BY P.J. O'ROURKE 64 The Debt Jubilee Is Going Global Editorial Director: Carli Flippen BY KIM ISKYAN Publisher: Steven Longenecker 14 From Our Inbox 72 The Private Space Race Executive Editor: Buck Sexton 20 The Melt Up Is Back BY JOHN STOSSEL BY DR. STEVE SJUGGERUD Managing Editor: Laura Greaver 76 School Choice Is the Only Option Creative Director: Erica Wood 28 Real Estate In COVID-19 Times BY JOHN B. TAYLOR BY KENDRA TODD Contributing Editors: Pat Buchanan, Dr. David Eifrig, 80 Stress Test of a Straining Kim Iskyan, Joel Litman, Bill McGilton, 36 Death of Airlines Superpower Trish Regan, John B. Taylor, Kendra Todd, BY BILL MCGILTON BY PAT BUCHANAN Dr. Steve Sjuggerud, John Stossel General Manager: Jamison Miller 44 10 Ways to Save During 84 The Final Word COVID-19 BY BUCK SEXTON Advertising: Ricky D'Andrea, Jill Peterson BY DR. DAVID EIFRIG Editorial feedback: 88 Featured Contributors [email protected] 48 A Bird in the Hand BY JOEL LITMAN Published by: American Consequences 5 From Editor in Chief P.J. O’Rourke Now I’ll tell you what you’re thanking me WELCOME. YOU’REfor... I just read Joe Biden’s presidential campaign platform so you don’t have to. If you’re thinking, “Thanks anyway, but I’ll read it for myself,” think again... Joe has 43 exhaustively detailed platform planks. My print-out totaled 564 pages, and that’s not counting the pleas for campaign donations and campaign volunteers tacked onto the end of each document or the full text of “Joe’s Leadership During the COVID-19 Pandemic” that sends you down a rabbit hole of links to everything Joe has ever said about the coronavirus. I burned through an ink cartridge and wasted more than a reforestation’s worth of copy paper. (Joe has a plan for reforestation – Joe has a plan for everything.) I used up three pads of Post-it Notes, dried out four highlighter pens, and spent three days I’ll never get back CLICK reading and annotating Joe’s platform. In the HERE middle of the second day, I had to lie down in TO READ a darkened room with a cold compress on my THE WEB VERSION forehead. 6 August 2020 LETTER FROM THE EDITOR WELCOME.But although Joe has a plan for everything and can’t shut up when explaining his plans, he doesn’t make it easy to find out exactly what these plans are. (And perhaps that’s a wise move for someone trying to attract “Anybody-But-Trump” moderate voters.) Woah! You better If you care to repeat my reading experience, recycle that, P.J. you’ll have to go to the “Joe Biden for President: Official Campaign Website” and get past all the pestering for donations and amateurish videos of Joe interacting with highly diverse and moderately enthusiastic supporters until you find the little “Menu” icon among the screen clutter. Click on that, and you’ll be presented with a list of (not very enticing) options. Ignoring “Home,” “Joe’s Story,” “Action Center,” “The Latest,” “Store,” “How to Vote,” and “En Español,” click on “Joe’s Vision.” This will take you to “Bold Ideas.” Beneath that heading, there’s an array of 43 boxes similar to Jeopardy! categories. (And unless you lack any political conservatism whatsoever and are bereft of every libertarian principle, the “jeopardy” comparison is apt.) Photo: AP AP Images Photo: American Consequences 7 What you find when you open the first box and silly verbiage – “disproportionately sets the tone: impact,” “persistent stressors,” “systemic shocks,” “environmental justice,” etc. Every The Biden Plan to Secure Environmental one of the 43 platform planks seems to have Justice and Equitable Economic Opportunity been written by perfervid freshmen political- in a Clean Energy Future... While Rubbing science majors in a dorm room bull session His Tummy and Patting His Head and Spinning a Plate on His Toe after taking methamphetamine. Ok, I invented the last part, but you get To give the briefest of examples, there’s this the general idea.
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