The Democrat Party (the Left) want America’s economy to tank. They actually want businesses to go bankrupt. They want higher unemployment levels. They are content with the livelihoods of millions of American families being destroyed, because they believe that such a scenario will prevent President Trump from being re-elected. The Democrat Party is EVIL! The American people must make this anti-America party pay a HUGE price in November.
Obama Economist Jason Furman told Dems the economy could see “the best economic data” in the “history of this country.” You’d think that would be viewed favorably by all. From the story: 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.” People are committing suicide over this and Democrats are worried it will stop (Politico). From the Wall Street Journal: Speaker Nancy Pelosi and the Democrats know what they want: Keep the economy locked down for as long as the virus exists, and appropriate as much taxpayer money as possible to replace the lost private incomes. Mrs. Pelosi’s House bill promises another $3 trillion for her various constituencies on top of the $2.7 trillion or so Congress has already spent on the pandemic. The goal is income redistribution, not economic growth (WSJ).
Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!
— Donald J. Trump (@realDonaldTrump) May 26, 2020
Democrats ‘Dreading’ Election Scenario Predicted By Obama’s Top Economist: ‘Best’ U.S. ‘Economic Data’ In History About To Happen
By Daily Wire, May 26, 2020
Democrats are reportedly panicking over an election scenario prediction by Harvard professor Jason Furman, a top economist in the Obama administration, who said last month that the United States is about to the see the “best economic data” in its history.
The news reportedly stunned Democrats who had been hoping that the economic damage suffered as a result of the pandemic would be enough to sink President Donald Trump’s re-election chances.
“We are about to see the best economic data we’ve seen in the history of this country,” Furman told a group of bipartisan leaders from both parties.
“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 GDP growth ever,” Politico reported. “Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic.”
One former top Obama official told Politico that this was their “big worry,” and, when asked about the level of concern that this scenario has among top Democrat party officials, the individual said, “It’s high — high, high, high, high.”
The report indicated that the Biden campaign is well aware of the situation and that they are preparing for the economy to look much different this fall than it does right now.
Furman said that when the economic data from the last couple of months started coming in that he noticed that the data pointed to a type of recovery that is similar to what economics see after major natural disasters.
Larry Kudlow, the head of the White House National Economic Council, told Politico that he “totally agree[s]” with the analysis that Furman presented to political officials last month, adding, “Q3 may be the single best GDP quarter since regular data. 2nd half super big growth, transitioning to 4% or more in 2021.”
Other top Trump administration officials, including Kevin Hassett and Peter Navarro, indicated that they agreed with the analysis.
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