Tuesday, October 20, 2020

Obama’s Top Economist Makes Surprising Election Prediction

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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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Ross Blankert
Ross Blankert
4 months ago

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.

Gary
Gary
4 months ago
Reply to  Ross Blankert

Harvard, the bastion of progressive speak, hasn’t fired him yet?

wamegof333
wamegof333
4 months ago
Reply to  Ross Blankert

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John
John
4 months ago
Reply to  Ross Blankert

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

vicky
vicky
4 months ago
Reply to  John

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’!

vicky Huss
vicky Huss
4 months ago
Reply to  Ross Blankert

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’!

PDC
PDC
4 months ago

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.

Adrian Maclean
Adrian Maclean
4 months ago
Reply to  PDC

Right, they care not about the American people, only power for themselves.

Matthew S Phillips
4 months ago

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!

vicky Huss
vicky Huss
4 months ago

LOVIN’ IT!

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