“It’s the economy, stupid.”
Those famous words from former President Bill Clinton’s team could not be truer today, which is why some argue that Democrats want the U.S. economy to remain shut down in an effort to harm President Donald Trump’s re-election chances.
But according to one former Obama administration economist, the data shows the economy is about to come roaring back.
Jason Furman, a top economist in the Obama administration, told lawmakers recently during a bipartisan meeting that, “We are about to see the best economic data we’ve seen in the history of this country.”
Both Fox News and Politico published separate reports this week detailing how Democrats are freaking out over the very real possibility that the economy will soar ahead of November’s election,
Here’s what Fox News reported:
As President Trump and the rest of the country grapple with an economic downturn and sky-high unemployment rates amid the coronavirus crisis, some Democrats reportedly worry that an explosive economic recovery in the fall could revive Trump’s lagging political fortunes — and boost his chance at reelection.
Politico reports that Jason Furman, a top economist in the Obama administration and now a Harvard professor, told a bipartisan group of policymakers last month that “We are about to see the best economic data we’ve seen in the history of this country.”
The claims may seem counterintuitive amid the bleak economic picture right now. But it’s premised on assumptions that as lockdowns ease, a recovery could follow more quickly than after past economic crises. Since his earlier prediction, Furman has reportedly also been making the case to Democrats, including top members of presumptive nominee Joe Biden’s campaign.
“This is my big worry,” a former Obama White House official told the outlet, who said of the concern about top members of the party: “It’s high — high, high, high, high.”
This may explain why so many Democrat governors across the country are still imposing absurd restrictions and guidelines while refusing to allow their states to fully re-open.
It would certainly seem plausible that Democrats are willing to keep the economy at a halt — which is directly harming millions of Americans — just to harm Trump politically.
Here’s more the Daily Wire, who detailed the Politico report on how Democrats fear the economy will roar back before November and help the president cruise to re-election.
Democrats that Politico interviewed were distressed over the prospect that the economy would be improving before the election. “Trump beats Biden on the economy even right now!” one Democrat told Politico. “This is going to be extremely difficult no matter what.”
Another Democrat told Politico: “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.”
Political strategist Arthur Schwartz responded to Politico’s report in a tweet, writing: “Dems are spooked because the economy is going to rebound quickly. Their strategy for November is to keep the country closed. Their interests are served by hurting as many Americans as possible.”
There will not be a recovery in America if we do not immediately reopen schools and businesses across the country, argues Fox News host Steve Hilton, who is warning that the cure cannot be worse than the virus.
Hilton called on lawmakers to reopen schools because they are a “necessary part” of the recovery from the coronavirus pandemic.
“Get on with it and reopen schools now before you do even more needless damage,” Hilton said.