30-40% Unemployment by This Summer

And when you can't debate on the merits......

 

It does not matter how many times you repeat your false statement, it will always be false.

 

Frank had NO power, so you are saying Frank was one of the most powerful members with NO power!!!!!
And Thomas Sowell is a radical Right-wing BS artist.

 

No matter how many times you deny it, it will always be TRUE!!!!!

 

False as I just showed you and Sowell one of the most respected economist and political writers of his time but then I guess you are arguing the NYT was is also a Right-wing BS artist.

That really the best you got?

As the Boston Globe put it
"Twenty-five years after he went to Washington, and 15 years after he survived a sex scandal that it's hard to imagine any politician surviving today, this once-rumpled, still-gay congressman from Bayonne, New Jersey, is one of the most formidable and influential members of the House. Barney Frank's powerhouse role on Capitol Hill is a triumph both public and private."
http://archive.boston.com/news/globe/magazine/articles/2005/10/02/to_be_frank/?page=4

 

Exonerate is a legal term. If you had to look it up then you didn't know it before. So it's not worth arguing with you about it.

 

Feel free to provide a citation for a valid definition to that effect that does not support the definitions provided.

I copied and pasted the several examples of the definition so you couild not claim that I made them up
Funny how you didn't consider that.

I accept your concession of the point.

 

yes, legally speaking no one has been "exonerated" if they can still be charged and convicted of the crime.

 

Show what was said at that meeting

 

More lies. Under Obama we had a stagnant economy under Trump the economy became robust

 

The fact that Frank was POWERLESS proves what a moron Sowell is.

 

The economy created more jobs and the stock market grew more than the failure Tramp.

 

The fact is he never was and it wasn't about power struggles the entire House both sides look to him as the expert on these matters and his influence was immense as I have cited and you have offered nothing it rebuttal but you fallacious assertions.

 

Job creation was slow and horrible when historically the deeper and longer the recession the stronger and quicker the recovery. It was the WORST recovery in modern history that is not denied by economist on both sides. And the more the Repbulicans took back power the better things got.

 

Not true; Obama inherited an economy that was in the toilet; The American economy was doing well when handed over to Trump.

 

Knock yourself out pal.

https://www.nytimes.com/2020/04/11/us/politics/coronavirus-trump-response.html

 

The claim does bode well for your credibility. Do you think about the garbage you read before you regurgitate it?

​

We have March numbers, July numbers will be released in the summer.

The top blue line is 163M - that's the labor force.
The bottom red line is 7M - that's the unemployed.

This nation spends SO MUCH money on education, you have google at your finger tips, something no previous generation had. If you wanted Fed economic numbers, hell, you would have to wait for them to be published and then go find them in a library. Now a minute after they are released, they are at your finger tips.

Your computer has a calculator.

So- by July's release, what will the number of unemployed have to be in order to make your claim true?

In March the number of unemployed increased by 1.4M. That got you to 7M.

You have April, May and June to get to 35-40% unemployment by the July release.

What are you claiming that 7M number will rise to by the July release of the Labor report?

 

You have to be smarter than this.

Look at how your source pulled this out of his ass:

An estimate by St. Louis Federal Reserve economist Miguel Faria-e-Castro posted last week on the bank’s Web site predicts that 52.81 million Americans will be unemployed by the beginning of July. This would result in an official unemployment rate of 32.1 percent, exceeding the record 24.9 percent jobless rate recorded at the height of the Great Depression.
​

So what rigorous processes did he use to produce this "estimate"?

Faria-e-Castro made his forecast by averaging a more pessimistic prognosis (40 percent unemployment) and a more optimistic one (10 percent).
​

So your super brilliant genius source here, thinks that the average of 40 and 10 is 32.1? The going to one decimal point is a nice touch, makes it look real "sciency"! It remains total crap of course, first taking what someone else likely also pulled out of their ass and a high and a low one is just turd polishing, if what you are averaging has no basis in reality.

By the way, what do you compute the average of 10 and 40 to be?

 

He had NO influence while the GOP controlled the House, and the the Dems passed the GSE reform bill over his objections when they ran the show.
So much for his power over either party! Again proving Sowell an IDIOT!

 

Nope Tramp's "recovery" from a recovery IS the WORST recovery in modern history. There were more people working and less people unemployed when Obama left office than today,
Some great recovery!!!!

 

I dug a little deeper and Mr. Castro doesn't seem to have much confidence in the number he made up:

Faria-e-Castro admitted that his number was a “back-of-the-envelope estimate.”​

https://www.bizjournals.com/buffalo...nt-forecasts-are-grim-yet-open-to-change.html

Oh here he added power word extrapolated! Whoop-ti-do! This just screams credibility: Economist Miguel Faria-e-Castro of the St Louis Fed say his estimates were extrapolated from 'back-of-the-envelope' calculations.

Your support sir? Why I EXTRAPOLATED from BACK OF THE ENVELOPE calculations. Well, that sounds ROCK-SOLID sir!

Miguel The Extrapolater Extraordinaire!
​

https://www.dailymail.co.uk/news/article-8172349/Miguel The Extrapolater-Fly By Wire Averaging- Back Of The Envelope "Estimates"!

 

But but but the new york slimes was telling us Coronavirus was under control in January according to the WHO. So perhaps Trump shouldn't listen to the left? Or the WHO for that matter? Maybe even cut off their funding?

https://www.nytimes.com/2020/01/23/health/china-virus-who-emergency.html

 

It wasn't phony. It was just partisan like everything congress does.

 

No point in getting mad at an economist. Economics is simply a collection of opposing opinions about human behavior. You will feel better finding an economist that extrapolates like you do.

 

There has been no Trump recovery yet we are still in a government shutdown of the economy. Learn the difference and Obama can thank the Republicans who controlled the Congress his last two years. Presidents aren't kings.