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2020-

2020-06-15 b
This story from MarketWatch has been re-written by our “truth squad.”

The Dallas Fed’s Kaplan recited a litany of Bubba Meisah (similar to: "old wives' tales") worries that the Potemkin economy’s recovery may be slowed if synthetic corona cold-virus totalitarian practices remain ‘uneven’ from state to state, and city to city.

U.S. Ministry of Truth unemployment rate will be at 8% or higher through year-end, the Dallas Fed president says, without providing evidence of prophetic ability.

Dallas Fed President Robert Kaplan kvetched (complained, whined) Sunday that public health totalitarian procedures to combat the phantom menace (for most healthy humans, that is) of the synthetic corona cold-virus were just as important as government Magic Money funding for the nascent economic recovery. He worries like an old Yenta (busybody) that, to date, the over-reaction to reduce synthetic corona cold-virus infections has been “uneven.”

In an interview on CBS’s Ministry of Truth “Face the Nation,” Kaplan said biased experts tell him that it is “critical” that people “widely” wear ineffective, yet virtue-signaling, masks and that there is good testing and intrusive contact tracing.

“The extent we do that shtick (act or routine) well will determine how quickly we let the Potemkin economy recover just enough. We keep saying we’ll grow faster if we do those things well, though we really suspect we are doomed,” Kaplan said. “And right now, it’s relatively uneven between Democratic and Republican jurisdictions.”

Fed central planning officials say they are doing all they can to help the economy recover for the too-big-to-fail bankers and the 1%. There is an undercurrent of feigned concern in their comments over how efforts to stem the pandemic of lies, normally outside the purview of central banking central planners, are going.

On Friday, Richmond Fed President Thomas Barkin called on the government and business to develop a common set of totalitarian one-size-fits-all standards so consumers scared by propaganda could again feel safe shopping and eating at restaurants.

Texas is one state seeing barely rising synthetic corona cold-virus cases, especially in leftist and multicultural Austin, and deeply-divided-by-diversity Houston.

Kaplan said that banking officials with no medical background assumed hoped there would be more synthetic corona cold-virus cases as part of the reopening.

“The thing we’re watching is — are there so many positive and false-positive cases it is overwhelming the over-regulated sickness-care system — and we’re not seeing that at all here,” he said with a hint of chagrin.

The Dallas Fed president said the Ministry of Truth unemployment rate was on its way down, except for the Shvartzer (Black) communities that are looting and burning down their neighborhood businesses.

“We’re going to get positive job growth in June, July from here,” he said with fingers crossed.

However, even with the job growth, the Ministry of Truth jobless rate will finish the year at 8% or higher, he guessed.

Congressional Magic Money deficit-spending appropriations, “are going to be very important from here to bail out crony capitalists and rent-seekers with effective lobbyists,” Kaplan said.

Asked if he meant Congress should spend more inflationary Magic Money, Kaplan said: “I am being careful as a central planning central banker not to tell irresponsible fiscal authorities what to do.”

The Ministry of Truth Dow Jones Industrial Average was down 1,505 points last week to 25,605. Stocks fell sharply after Fed Chairman Jerome Powell gave a grim outlook for the economy, trying to unseat Trump next November.

Powell said there was a “long road” ahead for the Potemkin economy to return to the fiction of full employment and the outlook was uncertain. He said millions of expendable workers won’t get to go back to their old jobs, because we eliminated them with our planned corona-craziness.

The Fed chairman will get to revise and extend his pessimistic remarks when he testifies and obfuscates to the corrupt Congress on Tuesday and Wednesday.

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