Bicoastal Betrayals (Newsom + Cuomo)
It’s been fascinating to watch the mainstream media turn on two bicoastal elites — Governors Newsom and Cuomo — from two of the most influential states in the country.
On the West Coast, “Newsom’s political fortunes have closely tracked the pandemic’s arc,” says an article at Politico. Last March, Newsom’s approval rating rocketed in California after mobilizing to stem the pandemic’s tide. But by summer, the tide of popular opinion began to reverse course.
“Shuttered schools, bankrupt businesses and whiplashing restrictions blended into a deep dish of disillusionment,” Politico says. Add to that a boneheaded miscalculation for a politician arguably in line for a White House bid…
Gov. Newsom attended a dinner with lobbyists at posh Napa Valley restaurant French Laundry in November. Sans mask. And indoors. Which only galvanized the movement to recall the governor that started in June 2020.
Supporters of ‘Recall Newsom’ have until March 17 to collect almost 1.5 million signatures; hours ago, organizers reported 1.927 million signatures. Next? California’s Secretary of State must verify valid petitioners; state rules dictate a recall election within 60 to 80 days of verification.
If the recall makes California’s ballot, the election would mark the fourth such gubernatorial episode in American history. Swiftly followed by the fifth?
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Your Rundown for Friday, Mar. 5, 2021…
Flirting With Disaster…
On the East Coast, Gov. Cuomo finds himself in hot water. And this morning, hotter water…
Cuomo’s sexual harassment scandal — sickening as it is — takes a backseat to the scope of the governor’s malfeasance. And like his counterpart in California, there’s an upswell for Cuomo’s ouster.
According to The New York Times, Gov. Cuomo and his closest aides rewrote a report from state health officials in an effort to conceal “how many nursing home residents in New York had died in the pandemic.
“The extraordinary intervention, which came just as Mr. Cuomo was starting to write a book on his pandemic achievements, was the earliest act yet known in what critics have called a monthslong effort by the governor and his aides to obscure the full scope of nursing home deaths.”
No words. (None appropriate for print.) The dumbfounding hubris of these two bicoastal governors is emblematic of just how little political careerists think of their constituents… and the rest of us in “flyover” USA.
So, thanks for coming along today as we cover hypocrisy and malfeasance from out-of-touch politicians. All to prove the point: they aren’t trustworthy. Especially when it comes to your money.
We’ll get back to more ways to protect — and grow — your wealth in the week ahead…
Market Rundown for Friday, Mar. 5, 2021
The S&P 500 is down 11 points to 3,757.
Oil is up 3% to $65.81 for a barrel of West Texas crude.
Gold is down $1.90 to $1,698.50 per ounce.
Bitcoin is up $8.00 to $48,062.09.
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Have a great weekend, and take care…
For the Rundown,