Today’s Campaign Update, Part II
This tells you all you need to know about the Democrat Party and its hatred for Main Street America. A new story at Politico today details a growing sense of panic among leaders in the Democrat Party over the prospect that the U.S. economy might actually – gasp! – recover in the months leading up to the November election.
You seriously could never make this stuff up.
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.
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 GDP 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.”
In case you need the Cliff’s Notes of that passage, here it is in one simple sentence:
Democrats are in a panic over the prospect that the U.S. economy will rapidly recover from the Wuhan Virus pandemic.
That’s not coming from some conservative journal like the American Spectator or Townhall.com. It’s not a conspiracy theory being tossed around on Twitter. It’s a major report from one of the most reliably-liberal rags in the nation’s capital.
And the story just gets better. Check this out:
One progressive Democratic operative pointed out that recent polling, taken during the nadir of the crisis, shows Biden is struggling to best Trump on who is more trusted to handle the economy. “Trump beats Biden on the economy even right now!” he said. “This is going to be extremely difficult no matter what. It’s existential that we figure it out. In any of these economic scenarios Democrats are going to have to win the argument that our public health and economy are much worse off because of Donald Trump’s failure of leadership.”
The former Obama White House official said, “Even today when we are at over 20 million unemployed Trump gets high marks on the economy, so I can’t imagine what it looks like when things go in the other direction. I don’t think this is a challenge for the Biden campaign. This is the challenge for the Biden campaign. If they can’t figure this out they should all just go home.
And here’s what makes this panic even more perversely enjoyable to watch: With their failing strategy of trying to prolong the economic shut-downs in blue states for as long as possible, thuggish Democrat governors and mayors are in reality creating a more favorable third quarter situation for the economy and thus for President Trump.
Think about it: if the Gretchen Whitmers and Gavin Newsoms and J.B. Pritzkers and Kate Browns were doing the right thing for their states and rapidly reopening now, during the second quarter, they would have the effect of dampening the economic recovery numbers we will likely see during Q3. They would have been better off politically by creating as much economic re-growth as possible while the election was still months away.
But because they have continued to dither with their citizens’ lives and livelihoods for purely political reasons over the past month, the U.S. has now become much more likely to see explosive economic re-growth take place during August through October, with the election just around the corner.
Thus, the Democrat Party, through its own brutish mendacity, has now dug itself a deep hole from which recovery will be near-impossible.
All you need to know about these people is that a robust U.S. economic recovery is literally their biggest current political fright scenario.
If this surprises you, you need to pay closer attention.
That is all.
Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.