Governor Gavin Newsom has Put California’s Economy and People on Life Support, Recall Him!

Governor Gavin Newsom has Put California’s Economy and People on Life Support, Recall Him!

#California #governor #Newsome #madman #power #recall #freedom #business #economy #CDC #C19coronavirus

$PKI

The latest indication that there will be no end to the unprecedented government restrictions on freedom and commerce that have been forced on Californians since Governor Gavin Newsom’s 4 March declaration of a state of emergency.

At the time, the emergency was the possibility that medical facilities in the state would be overwhelmed. The new coronavirus was projected to kill 2.2-M Americans if nothing was done to stop it, and 1.1-M Americans even if preventive measures were taken.

Those numbers were scary enough to clear the streets and keep nearly everyone at home, worldwide.

However, the terrifying numbers were the result of inaccurate assumptions pumped into a sketchy computer model by researchers at Imperial College in London.

By the time the researchers quietly corrected their work, the mass fear of mass death had infected decision-making at every level of government.

Today, we have much more information about the virus and the illness that it causes. We know that more than 99% of people who are infected recover, many without experiencing symptoms at all. We also know who is at risk of serious illness, and how to protect them.

This is the point at which government policy could begin to unwind the unprecedented restrictions on freedom and commerce.

“This will not be the policy of the State of California,” Governor Newsom Tweeted.

The Governor was responding to the 24 August announcement by the federal government’s Centers for Disease Control (CDC) that “if you have been in close contact (within 6 ft) of a person with a COVID-19 infection for at least 15 mins but do not have symptoms, you do not necessarily need a test unless you are a vulnerable individual or your healthcare provider or State or local public health officials recommend you take one.

The CDC also says, “If you do not have COVID-19 symptoms and have not been in close contact with someone known to have a COVID-19 infection: You do not need a test.

However, the State of California has already made a deal with a private-sector company to open a new state laboratory for testing.

This “you do not need a test” business is bad for business.

PerkinElmer (NYSE:PKI) is the company that has partnered with the state in Governor Newsome’s new venture.

My technical analysis of PKI partly because of this contract is Neutral with a Very Bullish bias if this venture goes forward. The Support is Strong at 116, resistance is Key at 122.25.

Governor Newsom said his goal is 150,000 tests per day. And he raised his new “twindemic” point as part of the justification for the new public-private laboratory venture.

Soon it will be flu season, the Governor said at his press conference on Wednesday, and people will be demanding more flu tests.

One thing that is really valuable to a private company is a government mandate that requires the purchase of the company’s products or services.

For example, the waning medical chaos might mean fewer and fewer people seeking C-19 tests. But if the State of California issues “guidelines” for reopening businesses that include a requirement for all employees to be tested, and another guideline for all school employees to be tested, and another guideline ordering frequently repeated tests for the same people, the waning market for tests is suddenly a booming Bull market.

PerkinElmer sent out a news release this week announcing the launch of a new test with the trademarked name, DirectDetect. “Though person-to-person transmission is understood as the primary way of spreading the virus, COVID-19 has also been shown to remain stable on environmental surfaces for up to several days,” the company said.

The company’s bottom line would certainly be helped by a mandate in the State of California for all food processors to regularly test all “environmental surfaces” for the presence of the virus.

The Big Q: Will that be 1 of the Governor’s new “guidelines” for businesses in the food and hospitality industries?

This is not to denigrate the company, its products or its motives, only to point out that California remains under a state of emergency and the Governor is unilaterally making decisions that will determine which businesses are permitted to operate, and under what terms.

That’s not the law.

Under state law, the Governor must end the state of emergency on “the earliest possible date that conditions warrant.” State law limits local emergencies to no more than 60 days unless renewed by the governing authority. However, Governor Newsom’s 4 March declaration waived the expiration of local emergencies. That is not legal under the state constitution

That is just 1 of many questions that may be resolved in the courts.

On Thursday, the state Supreme Court ordered Governor Newsom to respond to 2 legal petitions challenging the constitutionality of his 17 July order mandating distance learning at the start of the Y 2020-21 school year in counties on the state’s coronavirus “watchlist.”

One of the legal challenges comes from the Orange County Board of Education, a public charter school in Anaheim and public school parents. The other petition was filed on behalf of private schools.

Governor Newsom recently announced that Orange County has been removed from the watchlist, but at the same time he said the county must wait 2 wks before allowing any new business sectors to open. Then he promised more “guidelines,” which are actually government-imposed restrictions.

The State of California is in the process of entrenching permanent justifications for previously unimaginable government control over freedom and free enterprise. 

Other states are taking a different road.

They are not less concerned about the health of their residents. They are more concerned about the ability of residents to earn a living and live in freedom.

In California, freedom is not on the list of things to protect. The Governor is more interested in finding new reasons to continue his emergency powers.

A routine flu season is now this Madman’s “twindemic” and California’s freedom is on life support.

Face it People at this time anyone who is pushing for more lock-downs and other abuses on our personal rights are either evil or terribly misinformed, I am calling it evil!

Facts: This Week CDC Quietly Updated COVID-19 Numbers – Only 9,210 Americans Died From COVID-19 Alone. The Rest Had Other Other Serious Illnesses aka Comorbidities.

Have a healthy weekend, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.