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The funniest part about the entire cubic fit scandal, other than he literally works for the White House, is the author is none other than:
and that was so long ago that in today's dollars it would be like 55,000
CUBIC FIT!
The funniest part about the entire cubic fit scandal, other than he literally works for the White House, is the author is none other than:
and that was so long ago that in today's dollars it would be like 55,000
The funniest part about the entire cubic fit scandal, other than he literally works for the White House, is the author is none other than:
and that was so long ago that in today's dollars it would be like 55,000profiting from a 36,000 Dow?
Have money in the Dow stocks before it gets to 36,000.
https://www.nytimes.com/2020/05/04/o...nion&smtyp=curOn Saturday The Washington Post reported that in late March Trump was unhappy with epidemiological models suggesting a death toll over 100,000 — which, by the way, now seems highly likely. So the White House created its own team led by Kevin Hassett, whom The Post describes as “a former chairman of Trump’s Council of Economic Advisers with no background in infectious diseases.” And this team produced an analysis Trump aides interpreted as implying a much lower death toll.
What The Post didn’t say was that aside from not having any background in epidemiology, Hassett has an, um, interesting record as an economist.
He first attracted widespread attention as co-author of a 1999 book claiming that stocks were greatly undervalued, and that the Dow should be 36,000 (which would be around 55,000 today, adjusting for inflation). It quickly became clear that there were major conceptual errors in that book; but Hassett never admitted error.
In the mid-2000s Hassett denied that there was a housing bubble, suggesting that only liberals believed that there was.
In 2010 Hassett was part of a group of conservative economists and pundits who warned in an open letter that the Federal Reserve’s efforts to rescue the economy would lead to currency debasement and inflation. Four years later Bloomberg News tried to reach signatories to ask why that inflation never materialized; not one was willing to admit having been wrong.
Finally, Hassett promised that the 2017 Trump tax cut would lead to a big boost in business investment; it didn’t, but he insisted that it did.
You might think that an economist would pay some professional penalty for this kind of track record — not simply one of making bad predictions, which everyone does, but of both being wrong at every important juncture and refusing to admit or learn from mistakes.
But no: Hassett remains, as I said, a pillar of the modern conservative establishment, and Trump called on him to second-guess experts in epidemiology, a field in which he has no background.
And Hassett isn’t even uniquely bad. Unlike, say, Stephen Moore, who Trump tried to put on the Federal Reserve Board, he does not, as far as I know, have a history of simply getting basic numbers and facts wrong.
The moral of this story, I’d argue, is that observers trying to understand America’s lethally bad response to the coronavirus focus too much on Trump’s personal flaws, and not enough on the character of the party he leads.
Yes, Trump’s insecurity leads him to reject expertise, listen only to people who tell him what makes him feel good and refuse to acknowledge error. But disdain for experts, preference for incompetent loyalists and failure to learn from experience are standard operating procedure for the whole modern G.O.P.
Trump’s narcissism and solipsism are especially blatant, even flamboyant. But he isn’t an outlier; he’s more a culmination of the American right’s long-term trend toward intellectual degradation. And that degradation, more than Trump’s character, is what is leading to vast numbers of unnecessary deaths.
This administration is garbage. LMAO THE ING DOW 36000 GUY!!!!!
What's next, Jared from SubWay?
good lord
holy the blonde press chick just quoted per-capita death rate lower than Italy and Spain as the conclusive win for USA....
wait for it......
he'd be the most qualified Jared involved tbh
Dude, you guys are missing the big picture.
What happens when the cubic fit model goes negative?
People start coming back to life.
Glass half empty? Walking dead.
Glass half full? Rapture.
Turns out dying isn't as big a deal as you negative Nellies were whining about.
I thought this was Chris for a second.
NY now showing over 750 deaths today... for most of the day worldometer had them around 230. its unusual for NY to get mid/late day update on worldometer. they usually do a good job of sourcing when they make adjustments.
Right on schedule. The brothers Cuomo will have a field day. Race baiting s the both of 'em.
Every klan member is in your cult, dale
That’s it and that’s all
Every klan member is in your cult, dale
That’s it and that’s all
Update (7 May 2020):::
Trump's Corona Plague dead: 74,799
Regular Flu dead: 23+k
Spanish Flu dead: 275k
Obama's H1N1 Flu dead: 12.5k
1 Trump plague = 6 Obama flus
Let us proceed...
New York reported an increase of nearly 1,000 more deaths as a result of COVID-19 Tuesday into Wednesday, a massive e that may have more to do with how the state counts the victims than a sudden surge in fatalities.
The state listed its death toll as 20,597 late Wednesday, a jump of 952 since the day before and an increase more than four times higher than what Gov. Andrew Cuomo reported in the afternoon. It was not immediately clear why the numbers were so dramatically higher, but it may be due to the state attributing deaths to those who did not die in hospitals or were officially tested
we're looking at another day of 2k+ deaths... downward trend doesnt appear as to be as clear as i thought
You vote for the same political party as the klan and neo-nazis do.
Thread time for your daily sandwich!
Trump's Corona Plague dead: 76,791
Regular Flu dead: 23+k
Spanish Flu dead: 275k
Obama's H1N1 Flu dead: 12.5k
You got no room. Your party sided the klan first and your Antifa ain't no better than the nazis, or, BLM.
Fine. Serve the in' thing up. They ain't half bad after 30 of 'em.
You're telling me your Confederate heroes were really Democrats?
I'm sayin', you're a low down Yankee liar.
Nope I got confederate traitors in my family tree sadly.
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