Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons

A former top economic adviser to President Barack Obama is predicting a general election scenario leaving Democratic Party insiders startled.

Jason Furman smoothly transitioned from the Obama White House to Harvard University. In April, the power player-turned-professor had a surprising message to share during a video conference with a bipartisan cadre of top officials concerned that the coronavirus pandemic would herald in another recession, if not a depression.

Regardless, the census at the moment was the economy would collapse, along with President Trump’s chances at reelection. Politico explains how Furman had another take.

“We are about to see the best economic data we’ve seen in the history of this country,” he said.

While the attendees looked confused, Furman explained his rationale, something he continues to do to any Democratic strategist that will listen.

“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 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.

Instead, he believes, the way to think about the current economic drop-off, at least in the first two phases, is more like what happens to a thriving economy during and after a natural disaster: a quick and steep decline in economic activity followed by a quick and steep rebound.

The former White House wonk’s analysis isn’t far off from those serving in the Trump administration, including Jared Kushner, who predicted with cautious optimism that the economy could experience explosive growth as early as July.

The prediction has one leading Democrat who’s still close to Obama revealing his level of concern, per Politico: “It’s high — high, high, high, high.”

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Comments

  1. Furman is on a list now that will make his life miserable and never be listened to again. Media will shun him. Democrats will try to destroy his life. All will try to not report anything he has ever said. It will be MUM is the word about this one.

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    2. ECONOMY BOUNCES BACK LIKE GANGBUSTERS!! WILL BE A FACT! ALL DEPENDS ON A SECOND WAVE. OR NOT!! EVEN MY 10 YEAR OLD KNOWS IF THE ECONOMY IS AT STAKE IT WILL INCREASE THE LIKELYHOOD OF ANOTHER 4 YEARS OF THE BEST PRESIDENT IN OUR LIFETIMES ALONG WITH THE WORST IN HISTORY DEMOCRAT BEHAVIOR

      1. I, ‘TOTALLY’-AGREE jOHN! WE, THE ‘PEOPLE-WILL, ‘MOST CERTAINLY’-‘RETURN TO NORMAL’-& WILL, ‘DEFEAT THIS ‘PANDEMIC’- IN TIME TO,VOTE OUR PRESIDENT-‘HIS 2ND TERM! THE BEST ‘EXPERTS’-IN THE WORLD-ARE SEEKING & WILL ‘WIN’! AND OUR PRESIDENT-WILL ‘ALSO WIN’!

    3. Sickening, is it not? This ‘gentleman’-is ‘giving Americans HOPE-but that is, NOT-the ‘information the “dim Party’-wished to be ‘published’! While the USA-‘has been “HIT”-so badly, with this ‘virus’-there are ‘still’ those-who are ”wishing”-I almost wrote “Praying”-but ‘those people-‘hate that word as well’-Those ‘Members in the “DIM PARTY”-, I do believe-are desperately ‘hoping & wishing’-not of course-‘praying’- for this ‘Nightmare’ to continue-until at least ‘after’ the election! THAT IS HOW, ‘NIGHTMARISH & HORRIFIC’-‘THESE “DIM’S ARE! i AM NOT ‘SAYING’ THAT ALL OF THOSE-IN OUR CONGRESS-WISH THIS ‘ATROCITY’-TO CONTINUE-BUT ‘THE SO-CALLED leadership-OF THE ‘DIM PARTY’-IS, ‘SALIVATING’ AT THE ‘HOPE’-THAT THIS-‘PLAGUE’-WILL CONTINUE-THRU THE 20/20 ELECTION! TO ‘THOSE-MONSTROUS HYENAS’-WHO ARE THE ‘LEADERS, IN OUR CONGRESS’-I, AS JUST ONE ‘PATRIOTIC AMERICAN’-WISH-‘WITH ALL MY HEART’-THAT ‘THEY WILL, MOST CERTAINLY, BE ‘DECIMATED’ IN NOVEMBER! AND, ‘THEY’-MOST CERTAINLY ‘DESERVE IT’!

  2. The Democrat left unnamed at the end with close ties to Obama is deeply concerned at a high, high, high level that the American Economy will do well. Tells you everything you will ever need to know about Democrats and their constant lust for Power above anything else. There can be no lower Scum of the Earth.

  3. Even Bill Maher had to say wishing gor an economic collapse was the wrong idea. He stated that Trump’s approval ratings have gone up instead of down which has democratic pundits hair on fire because their narratives are being shattered daily! The media have used up all clout that was left with their Russia collusion narrative. Since then they’ve seen their ratings plummet! Media has no credit left only 8% of the country buy what the mainstream media sells them! The Dems are going to get trounced at the polls on November 3rd and I can’t wait to watch it happen!

    1. I, AM ‘TOTALLY WITH YOU! CANNOT WAIT! REAGAN WON-49 STATES- IN 1980-I AM ‘ROOTING FOR, AT LEAST THE 49-HOPEFULLY-THE ‘FULL 50’-IN 20/20!

  4. My desire is for a clean sweep with Conservative Republicans winning all open seats. It’s time for the communist democrats to be brought to an end.

  5. The Democrat/Leftist/ Deep State agenda:

    -endorses crashing our economy

    -endorses massive voter fraud

    – endorses Open Borders/Sanctuary Cities

    – endorses allowing illegal aliens to vote.

    -endorses forcing mandatory dangerous vaccines on Americans

    -endorses siding with our nation’s enemies, example, China

    – endorses BLM

    – endorses Occupy Wall Street

    – endorses MS-13

    – endorses ANTIFA

    -endorses race baiting

    -endorses seizing your guns

    – endorses outlawing Christianity

    – endorses forcing their homosexual/transsexual agenda on America.

    – endorses CAIR

    – endorses The Muslim Brotherhood

    – endorses Sharia Law

    -endorses rewriting history

    -endorses destroying the constitution

    – endorses Social chaos

    – endorses killing Babies

    – endorses Genital confusion

    – endorses Social/economic warfare

    – endorses redistributing your wealth

    – endorses raising your Taxes

    – endorses Weaponizing government agencies

    – endorses a Fascist/Socialist/Islamic World Government

    1. Sorry but so will brain-washed college students. I know that happened to my son, a science professor told them that there was NO proof that Jesus ever existed, well he was wrong because in the last few years they have found where Jesus was buried, it was hidden inside the big temple, and no one looked to see what was back there.
      They have also found found where the 2 brothers apostles lived, and here 2 cities have been built on top of the one they lived in. How they know it is the right place is because of the Roman tile on the floors.

  6. I would agree EXCEPT for one thing. VOTER FRAUD that the democrats have perfected. They don’t plan to lose this time. And the majority of Republicans are RINOs who obey orders from the elite ONE WORLD ORDER. So they will not stop the STEALING OF THE ELECTION.

  7. I understand voter fraud,. My son just past in April and i have gotten in touch with the Board of Elections, so they could double check to make sure his name came off the list. I didn’t want anyone using his name illegally.

  8. The tech idiots at google,facebook,twitter all seem to think they will have some effect on the people who support our president and our great nation by censoring conservative content and speach..Well, they are right..The “effect” (as it were) will quite likely be a total rout of their commie/democrat pals nov. 2020 !

  9. That is precisely why democrat politicians are working so hard to keep the country shut down and the populous afraid to resume their lives.

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