Wednesday, May 27, 2020

What Democrats Dread......

The thing the Democrats dread......Economic recovery.
Obamas own economic guy thinks the recovery is coming and that is frightening the Democrats.
Rooting for an economic disaster......That is what the Democrats are hoping for.
Anything less would be a tragedy.
Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties.
“We are about to see the best economic data we’ve seen in the history of this country,”
“Everyone looked puzzled and thought I had misspoken,” Furman said in an interview.
Instead of forecasting a prolonged Depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag — truthfully — about the most explosive monthly employment numbers and gross domestic product growth ever.
Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic. “This is my big worry,” said a former Obama White House official who is still close to the former president. Asked about the level of concern among top party officials, he said, “It’s high — high, high, high, high.”


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