Sunday, May 17, 2020

Faking it before the senators look at the numbers

Pelosi stresses urgency for next relief bill: Hunger, joblessness 'doesn't take a pause'

This is a been there done that.

The Senate needs to see how badly she ripped off the small and medium states. And if I know Nancy, she ripped them off pretty good.  

Now we have a bunch of idiot economists who depend on the bailouts for their pensions. None of these economists will do their job until they see the results of the bailout, and the Senate is not going to approve this, they are dead set against it.

All Nancy is doing with the deception is holding back economic research for another two years.

Hod did NYC do in the last recession cycle? Let us look:





A double dip but otherwise they are average. The double dip was, undoubtedly, a wait for California to catch up.  Note that New York City houses the stock market which is heavily subsidized by the Fed.  But the last number clearly shows that none of this will be resolved by 2012 and Powell is simply an ignorant liar.

ut the chart shows one thing, Krugman and the 50 Hoovers was a scam. California has at least seven years of recovery, it they can recover at all.

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