in March as the economy cratered due to the pandemic, and checked back in this week for another wide-ranging discussion. Topics included: how long it could take for unemployment levels to return to normal, the lack of a stimulus strategy from the White House, and whether direct payments and boosted unemployment benefits was effective in boosting the economy.
And an important reason the unemployment rate has come down so quickly is a huge amount of economic support that we've had.And how long could it be before the unemployment rate falls below 5%? What about single-digits?: We could be in the single digits before the election. Below 5%, I think that would take five years. The initial part of the unemployment rate dropping can happen very quickly because people are being called back to jobs that they were temporarily laid off from.
Source: News Formal (newsformal.com)
hold up...Obama got stimulus totally wrong in 2008-09. So, you interview his adviser? Pfffft.
It makes complete sense...
Keynsians are their own worst enemies
Ummm the Dema are holding up the stimulis for non-related issues!
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