Obama's Top Economist Has Terrible News For Democrats About the Economy

I've heard many Democrats say that they want the U.S. to have another recession while under President Trump just so it would help stop him from having a chance to win reelection in 2020.

Bill Maher is one of these people who comes to mind because I remember him saying on his show that he'd rather have an economic recession than to have another four years of President Trump.

It sure is easy for a rich man to say that, because he doesn't have to worry about losing his job. Even if he lost his program, he's worth $140 million. So he never even has to work again anyway.

The economy did drop because of the coronavirus, not President Trump, but things are already picking up really well. In fact that Democrats are worried about what is about to happen.

“We are about to see the best economic data we’ve seen in the history of this country,” said former Obama administration economist Jason Furman.

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.

Democrats are in an absolute 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.”

Consumption and hiring started to tick up “in gross terms, not in net terms,” Furman said, describing the phenomenon as a “partial rebound.” "The bounce back can be very very fast, because people go back to their original job, they get called back from furlough, you put the lights back on in your business. Given how many people were furloughed and how many businesses were closed you can get a big jump out of that. It will look like a V.”

This economy is strong, even with the coronavirus wreaking havoc on it. We will survive this.

Sources:
Yahoo

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