Democrats Panic Over Economic Recovery
Two years ago, we explained why a good economy is bad for Democrats. Long before any notion of shutting down the economy to mitigate a contagion, Democrats were pushing for a recession because it would help their political prospects. They didn’t get the recession they wanted in 2018, though they did ride their Russia-collusion hoax to take back the House. The recession has come in 2020, however, so a former economic adviser to Barack Obama recently laid out the new danger for Democrats: “We are about to see the best economic data we’ve seen in the history of this country.”
Jason Furman said that back in early April, but Politico just reported it yesterday. Furman, now a Harvard professor, was warning fellow Democrats about the prospects for a fast and substantial economic recovery from the Great Coronavirus Shutdown.
According to Politico, “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.” We’d like to note a great irony that, naturally, Politico ignored: Democrat policies greatly exacerbated those downturns and slowed the recoveries. FDR’s New Deal worsened the depression, while Obama’s heavy-handed regulatory and tax regime had our economy stuck in low gear for eight years.
On the other hand, President Donald Trump brought lower taxes and less regulation, putting our economy on exceptionally strong footing and making the U.S. more resilient in the face of calamity. Where would we be right now if COVID hit during the Obama economy?
The “partial rebound,” Furman warned, “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.” He added, “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.”
Frankly, we’re not quite “V” optimistic because so many small businesses are going out of business and even big companies are reeling and will be slow to recover. Still, we do see evidence pointing toward a substantial rebound ahead and we think the sheer numbers of recovery will be stunning and encouraging. “Q3 may be the single best GDP quarter since regular data,” says Larry Kudlow, head of the White House National Economic Council. And Furman predicts, “You could easily have one to two million jobs created a month in those four reports before November,” as well as perhaps “double-digit positive economic growth” just ahead of the election. “These will be the best jobs and growth numbers ever.”
Furman’s prognostication certainly serves to, er, pull off the Democrats’ mask. They’re moving the goalposts on continued lockdowns and screaming that Republican governors will have “blood on their hands” for reopening because their entire election pitch depends on the U.S. plummeting into a depression. A “V” recovery would spell disaster for them, while it would obviously be fantastic for America. And doesn’t that about sum up the real issue here? What’s good for America is bad for Democrats, and vice versa.
One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)
THE PATRIOT
"FIGHTING FOR FREEDOM AND LIBERTY"
and is protected speech pursuant to the "unalienable rights" of all men, and the First (and Second) Amendment to the Constitution of the United States of America, In God we trust
Stand Up To Government Corruption and Hypocrisy
Knowledge Is Power And Information is Liberating: The FRIENDS OF LIBERTY BLOG GROUPS are non-profit blogs dedicated to bringing as much truth as possible to the readers.
Knowledge Is Power And Information is Liberating: The FRIENDS OF LIBERTY BLOG GROUPS are non-profit blogs dedicated to bringing as much truth as possible to the readers.
NEVER FORGET THE SACRIFICES
BY OUR VETERANS
Note: We at The Patriot cannot make any warranties about the completeness, reliability, and accuracy of this information.
The Patriot is a non-partisan, non-profit organization with the mission to Educate, protect and defend individual freedoms and individual rights.
Support the Trump Presidency and help us fight Liberal Media Bias. Please LIKE and SHARE this story on Facebook or Twitter.
COMPLAINTS ABOUT OUR GOVERNMENT REGISTERED HERE WHERE THE BUCK STOPS!
GUEST POSTING: WOULD YOU LIKE TO BE PUBLISHED ... DO YOU HAVE SOMETHING ON YOUR MIND?
Knowledge Is Power - Information Is Liberating: The Patriot Welcome is a non-profit blog dedicated to bringing as much truth as possible to the readers.
Big Tech has greatly reduced the distribution of our stories in our readers' newsfeeds and is instead promoting mainstream media sources. When you share with your friends, however, you greatly help distribute our content. Please take a moment and consider sharing this article with your friends and family. Thank you
Please share… Like many other fact-oriented bloggers, we've been exiled from Facebook as well as other "mainstream" social sites.
We will continue to search for alternative sites, some of which have already been compromised, in order to deliver our message and urge all of those who want facts, not spin and/or censorship, to do so as well.
Keep on seeking the truth, rally your friends and family and expose as much corruption as you can… every little bit helps add pressure on the powers that are no more.
Keep on seeking the truth, rally your friends and family and expose as much corruption as you can… every little bit helps add pressure on the powers that are no more.
Those Who Don't Know The True Value Of Loyalty Can Never Appreciate The Cost Of Betrayal.
No comments:
Post a Comment