Politics

Top Obama economist warns Democrats: You’re about to see the best economic data in American history

Jason Furman, an economist under Barack Obama, is telling anyone who will listen that the American economy is set to explode.

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Jason Furman, a former chair of the Council of Economic Advisers under Barack Obama, is telling anyone who will listen that the American economy is set to explode.

And Democrats don’t want to hear that. At all.

Furman, now a professor at Harvard, actually made the prediction in early April when things were just starting to head downhill due to Democrat governors’ efforts to stymie the economy by shutting down every phase.

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“We are about to see the best economic data we’ve seen in the history of this country,” he announced during a Zoom meeting of top officials from both parties.

Politico interviewed Furman and reported that the top economist “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.”

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Democrats Panic

Look, it doesn’t take a rocket scientist to understand Democrats do not want the American economy to rebound. That is why governors such as Michigan’s Gretchen Whitmer and New York’s Andrew Cuomo have been trying to prolong economic agony in their states.

But to hear an Obama-era economist say this out loud has the resistance party in a full-blown panic.

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“This is my big worry,” one former Obama White House official told Politico, adding a resurgent economy is a “high — high, high, high, high” concern heading into the 2020 election.

Furman’s prediction and the possibility that it comes true “has many Democrats spooked,” they write.

Biden Running Scared

Democrat nominee Joe Biden himself seems nervous that President Trump – who already generated a record-breaking economy once before – is about to do it again.

When asked by a CNBC reporter whether he agrees with experts predicting an explosive economic recovery, Biden scoffed at the notion and said, “No, I don’t.”

It was quite likely a nervous laugh …

Biden has been thoroughly supportive of blue state lockdowns which the Wall Street Journal has said, “will hurt the national recovery.”

The former vice president has ignored Republicans in those blue states, claiming the economy has exclusively “clobbered” Democrats.

“Look, the people who are getting hurt are Democrats,” Biden claimed without evidence. “Hard-working people. The people who can’t afford to stay home.”

Meanwhile, Furman continues to explain why Trump will have good news to share with both red and blue states by the time Americans hit the polls in November.

“The Trump argument will be he’s producing the fastest job growth and fastest economic growth in history,” he explained. “If he has any ability to do nuance he would say, ‘We are not there yet, reelect me to finish the job.”

Biden has good reason to be concerned.

A Reuters/Ipsos poll from earlier this month shows “45% of Americans said Trump was better suited to create jobs” during the crisis “while 32% said Biden was the better candidate for that.”

This piece originally appeared in ThePoliticalInsider.com and is used by permission.

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