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2020-05-27 Home Front: Politix

Dems' Nov. Nightmare: Obama Economic Advisor predicts

[Politico] In early April, 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. The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. The economic carnage seemed likely to doom President Donald Trump’s chances at reelection.

Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim.

“We are about to see the best economic data we’ve seen in the history of this country,” he said.

The former Cabinet secretaries and Federal Reserve chairs in the Zoom boxes were confused, though some of the Republicans may have been newly relieved and some of the Democrats suddenly concerned.

“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.

Posted by Lex 2020-05-27 00:00|| || Front Page|| [11129 views ] Top

#1 They'll just have to risk losing their elected politicians by extending the lockdown, I suppose.

Posted by gorb 2020-05-27 01:00|| 2020-05-27 01:00|| Front Page Top

#2 Isn't recovery after plague (or war) is a well establish historical pattern?

Posted by g(r)omgoru 2020-05-27 03:45|| 2020-05-27 03:45|| Front Page Top

#3 Unless you are California.

Posted by g(r)omgoru 2020-05-27 04:15|| 2020-05-27 04:15|| Front Page Top

#4 A similar article has the professor pointing out that US local economies sharply rebound after natural disasters, and thus believes the current situation cannot be compared to the Great Depression, whose cause is fundamentally different.

The issue I see is that the economy is usually rapidly restored in sync with power and water restoration. The democrats holding back recovery are hoping their stalled economies will pull down the country with it.

I liked what one twitter said from someone Whose name I forget: She hoped that the citizens in the dem-retarded states suffer so much from voting democrat that they’ll not vote for them for a generation.

I was worried about them, but no longer: amazing what a different take can do for one’s attitude.

Posted by Ptah 2020-05-27 06:07|| 2020-05-27 06:07|| Front Page Top

#5 Comment from blogger 'EastStreet' at Weasel Zippers:

Hey Demtards, despite your most villainous efforts, the US economy will rebound to pre-COVID hoax levels, President Trump will be re-elected in an historic landslide and once again a Republican will free the slaves from their demtard masters. That's if we Patriots don't resort to armed insurrection in blue States first.

Posted by Besoeker 2020-05-27 06:18|| 2020-05-27 06:18|| Front Page Top

#6 If he thinks this amounts to a democrat nightmare, wait until he has a sit down with the actual candidate.

Posted by Cesare 2020-05-27 13:38|| 2020-05-27 13:38|| Front Page Top

#7 Localism isn't much help to Californians. Pomade Boy's absurd lockdowns are perpetuated and made even worse by the crazy provision that allows each local county health commissioner to act as sole decision-maker about what/when to open, with zero review by anyone, with nothing at all in the way of public approval or even comment.

Top this off with Pomade Boy's extraordinary new debt burden of $54 billion and you have the final transformation of California into a neo-feudal society with a heavy flavor of Mexican- or Latin-American style oligarchy and corruption.

Posted by Lex 2020-05-27 13:59|| 2020-05-27 13:59|| Front Page Top

#8 I just hope the rah-rah about the economy isn't misguided. Besides, think of this guy's title, "Obama Economic Advisor".

Like HE'S one to talk!

Posted by Clem 2020-05-27 14:25|| 2020-05-27 14:25|| Front Page Top

#9 Besides, think of this guy's title, "Obama Economic Advisor".

That's the first thought that entered my head.

Posted by charger 2020-05-27 14:32|| 2020-05-27 14:32|| Front Page Top

#10

Posted by Frank G 2020-05-27 15:01|| 2020-05-27 15:01|| Front Page Top

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