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MTP Reggie

The general election scenario that Democrats are dreading

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MTP Reggie

The general election scenario that Democrats are dreading
By RYAN LIZZA and DANIEL LIPPMAN
05/26/2020 04:30 AM EDT
Politico

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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.

Since the Zoom call, Furman has been making the same case to anyone who will listen, especially the close-knit network of Democratic wonks who have traversed the Clinton and Obama administrations together, including top members of the Biden campaign.

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.”

And top policy officials on the Biden campaign are preparing for a fall economic debate that might look very different than the one predicted at the start of the pandemic in March. “They are very much aware of this,” said an informal adviser.

Furman’s case begins with the premise that the 2020 pandemic-triggered economic collapse is categorically different than the Great Depression or the Great Recession, which both had slow, grinding recoveries.

(snip)

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Taggart Transcontinental

Yes, this is the Democrat fear. Thus they will keep the biggest cities closed while the rest of us recover from this insanity. I see restaurants filling, stores re-opening, it's almost like 2018 after the Obama Malaise watching stores starting to pop up and houses being built.

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Noclevermoniker
23 hours ago, Taggart Transcontinental said:

Yes, this is the Democrat fear. Thus they will keep the biggest cities closed while the rest of us recover from this insanity. I see restaurants filling, stores re-opening, it's almost like 2018 after the Obama Malaise watching stores starting to pop up and houses being built.

Failing that, they’ll burn them down in a fake outrage “race war”.

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zurg
On 5/29/2020 at 8:26 AM, MTP Reggie said:

“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.”

Just think about that for a while folks. Leftwing politicians at high levels are worried that regular working, middle-class Americans get out of this pandemic and regain their jobs and their losses and the economy starts doing well again.

And still people claim that democrats aren't America's enemy inside.

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MontyPython
47 minutes ago, zurg said:

And still people claim that democrats aren't America's enemy inside.

Only the incredibly ignorant.

<_< 

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RedSoloCup
On 5/30/2020 at 7:19 AM, Noclevermoniker said:

Failing that, they’ll burn them down in a fake outrage “race war”.

They already are.

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