Obama's former top economist tells us why it made 'no sense' for the GOP to pause stimulus spending — and breaks down what should be in the next aid package
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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Inside Benetti's 353-foot hybrid gigayacht 'Luminosity' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Michelle Obama shares new family photo with her brother inside her home in WashingtonMichelle Obama took to Instagram to share a new family photo inside her stylish home office at her house in Washington, where she lives with husband Barack Obama and daughters Sasha and Malia
Weiterlesen »
Republicans Propose New Stimulus Bill With No Student Loan Relief, Reduced Unemployment BenefitsRepublicans proposed a new stimulus bill with no student loan relief and reduced unemployment benefits
Weiterlesen »