Voices on the left, from the Democratic National Committee to the biased mainstream media to the hideously uninformed late-night
When the Chinese coronavirus dropped a hammer on this red hot booming economy, democrats saw, and the media promoted, circumstances taking away one of DJT's biggest weapons in the upcoming election. According to Politico, top Democrats are worried even a partial economic recovery going into the fall could be a boost DJT's re-election bid. An economic recovery every American should want to see is exactly the “general election scenario that Democrats are dreading.” This, at least partially, explains the present media scare-mongering disguised as news reporting.
The report kicks off with a scene-setter from an early April online meeting of a “top officials from both parties” where former Obama administration economist and current Harvard professor Jason Furman made a startling prediction.
“We are about to see the best economic data we’ve seen in the history of this country. You could easily have 1 to 2 million jobs created a month in those four reports before November."He said he believes warnings of another Great Depression are overblown, inaccurate predictions. He added that third-quarter GDP released at the end of October "could be double-digit positive economic growth." For most Americans, regardless of politics, that would be news worth cheering about. Small businesses shuttered, hardships for millions who rely on those salaries, and giant squeeze on charities. Who could think it was bad news that this might be about to change?
This telling paragraph in Politico’s report has an answer to that:
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.’” “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."[Politico]