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Feb 27th: Some US Republicans knew what was coming, and didn’t warn the people

Posted By Jo Nova On March 21, 2020 @ 5:32 pm In Global Warming | Comments Disabled

Traitors to the people?

Some in the Republican Party knew what was coming. At least four Senators in the US are being accused of insider trading, selling stocks before the crash, but not warning the public or making sure the US was prepared. Senator Richard Burr sold something like a million dollars in their own stocks on Feb 13th. At private briefings his message was that this virus was aggressive, more like the Spanish Flu, “the military might be mobilized”. Burr was probably more aware than most because he “helped to write the Pandemic and All-Hazards Preparedness Act (PAHPA).”

On the other hand Senator Loeffer says she was not involved in choosing the stocks that were sold on her portfolio. But others say  some of these blind trusts sold shares the same day the Senators were briefed in some cases as early as Jan 24th. The Senators claim they were only acting on public news services. Possibly, even if they knew, they may have been bound by some Party ruling not to contradict the President.

Rod Dreher, The American Conservative “They Knew, And Didn’t Tell Us”

Think about it: Trump certainly knew how bad it was going to get, but kept on downplaying it, at a time when being straightforward would have given people time and impetus to prepare. Trump’s most loyal backers then were calling it a hoax, and dunking on people like me for hyping panic, and so forth. This top Senate Republican (and no doubt other Senate Republicans) knew that the president was misleading the public, and said nothing. If he felt comfortable telling wealthy donors about this, why didn’t he tell the general public? Because it would contradict the president’s messaging? Why?

Having senior Republican lawmakers contradicting the president at that relatively early stage, based on information they knew, would have been in the country’s best interest. Sen. Burr told rich, well-connected supporters what was coming, but not the people who elected him. He owes them an explanation. And I would like to know why the Senate Republicans, all of whom surely had the same information, did not challenge the president, and warn the public while we still had time.

…To be honest, it’s not [Burr's] stock-selling that bothers me — it’s that he had reason to believe the coronavirus crisis was going to be a lot worse than he was letting on in public. He ought to have been warning us all.

Has Trump thrown away the 2020 election?

Which day did he realize the trainwreck was coming?

Weeks Before Virus Panic, Intelligence Chairman Privately Raised Alarm, Sold Stocks

by Tim Mak, NPR

The chairman of the Senate Intelligence Committee warned a small group of well-connected constituents three weeks ago to prepare for dire economic and societal effects of the coronavirus, according to a secret recording obtained by NPR.

The remarks from U.S. Sen. Richard Burr were more stark than any he had delivered in more public forums.

On Feb. 27, when the United States had 15 confirmed cases of COVID-19, President Trump was tamping down fears and suggesting that the virus could be seasonal.

“It’s going to disappear. One day, it’s like a miracle. It will disappear,” the president said then, before adding, “it could get worse before it gets better. It could maybe go away. We’ll see what happens.”

On that same day, Burr attended a luncheon held at a social club called the Capitol Hill Club. And he delivered a much more alarming message.

Burr sold personal stocks worth between $628,000 and $1.72 million in 33 separate transactions on a single day, February 13th, according to public disclosures.

See also this https://www.youtube.com/watch?v=M2BPXybIGGI

Is anyone even researching this sort of thing in Australia?

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