We all know perfectly well that the Left benefits when people are suffering. This is generally the case, but particularly so in this day and age when the Left is banking on a large portion of the country to remain locked down due to the Chinese coronavirus fears. They know that they could not possibly hope to beat Trump when the economy is doing well, particularly as well as it was before this entire scenario happened, so Plan A for them, seeing as impeachment and removal did not work, is to destroy the economy as much as they possibly could.
Given the option, Democrats would demand Democrat-run states to remain as locked down as possible, implementing as many draconian policies as possible and blaming the inevitable economic collapse under such a circumstance on Trump’s “poor leadership” or something akin to that nonsense. They truly view our economic suffering as the single BEST option for winning an election.
Which is why it’s not surprising to see the Democrats in absolute panic over being given perhaps some of the worst news from THEIR OWN SIDE with regard to the possibility of Trump being re-elected.
You see, Harvard professor Jason Furman, a top economist for the Obama administration, said last month that the U.S. is on track to witness the “best economic data” in its entire history.
Furman, speaking to a group of bipartisan leaders, said: “We are about to see the best economic data we’ve seen in the history of this country.”
Politico reported: “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 counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic.”
The Left panics when there is the chance for the best economic prosperity, or at least raw data, that the country has ever seen. Doesn’t that tell you all you need to know about them? Instead of being happy over the prospect of a great economic recovery from the current situation unlike anything we had ever seen before, they are reportedly running around in sheer panic and worry. How anyone can say that they are the party of “The People” or how they are “compassionate and tolerant” is beyond reason.
According to Politico, one former top Obama administration official expressed that this scenario was their “big worry”, and when asked about the level of concern this sort of situation has amongst top Democrats, the Democrat replied: “It’s high – high, high, high, high.”
Furman had also explained that, once the economic data from the past few months began to come in, he realized that the data was indicative of an economic recovery mirroring the sort that economics see following major natural disasters or “industry-wide catastrophe[s] like the Gulf of Mexico oil spill.”
Furman further explained that consumption and hiring began to tick up “in gross terms, not in net terms,” describing the turnaround as a “partial rebound.” This bounce back “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. 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.”
Considering many of the economic policies that led to the economic prosperity pre-Chinese coronavirus are still in place, provided the vast majority of the country opens back up, I generally agree with the sentiment that it would bounce back big time. My biggest concern, as I have noted many times in the recent past, is that we might be too slow in reopening and businesses will soon find that they cannot afford to bring back their furloughed workers. Small businesses have definitely taken a massive hit over the last few months (and a piece from The Federalist indicates this shutdown did nothing to combat the virus, so this was an exercise in futility at best) and every day that they are disallowed from opening back up is another day in which they cannot make money and get back on track.
Bigger giants in the business world will fare better, I imagine, and will be able to hire back the people they had to furlough but things definitely got messed up. Thankfully, with states opening back up and people having the ability to go back to work basically unimpeded, I do agree with the sentiment that we should be seeing quite a bounce back in the economy over the second half of this fiscal year.
And I’m not the only one to agree, as Larry Kudlow, the head of the White House National Economic Council, told Politico that he “totally agree[s].” “Q3 may be the single best GDP quarter since regular data. 2nd half super big growth, transitioning to 4% or more in 2021.”
Other Trump officials, such as Kevin Hassett and Peter Navarro, also agreed with Furman.
Of course, while people on the Right are ecstatic over the prospect of an economic rebound (Furman further stressed to Politico, when asked about his “new fans” in the Trump administration, that “they get the rebound part, but they don’t get the partial part”, sort of trying to dampen the mood, but it also is fairly contradictory to the idea that the economy would rebound “like a V,” as he explained earlier), people on the Left are outright panicking, as I mentioned before, particularly since Trump has always been ahead of Biden in the polls when it came to handling the economy.
One Democrat told Politico: “Trump beats Biden on the economy even right now! This is going to be extremely difficult no matter what. It’s existential that we figure it out.”
Another former Obama White House official told Politico: “Even today when we are at over 20 million unemployed (remember, this was back in April), 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 tweeted the Politico article, adding: “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.”
Exactly my thoughts. The Left seemingly can only hope to win elections when the American people are suffering greatly. I can only imagine the glee they felt back in 2007-08 when the financial crisis and Great Recession was hitting this country. I can also only imagine the glee they felt the last few months in seeing the number of unemployed cases rolling in. They probably fully expected the country to automatically blame Trump for the bad news just because “blame Trump” is basically the Left’s default response to anything.
China unleashed a deadly virus on the world and lied about it for months (and still continues to lie) and is trying to coerce other countries into not punishing them as they deserve? Nah, it’s Trump’s fault, particularly as he is “blaming” China. Which reminds me: Trump isn’t “blaming” China. To say that he is is to insinuate that China is blameless and without fault. Trump is holding China accountable for their deadly actions which have killed a hundred thousand Americans (and God knows how many Chinese citizens and residents) and hundreds of people around the globe (according to official estimates, of course, which have to take China’s numbers at face value even though China has been lying about their numbers).
But in any case, getting off of that slight tangent, I am not even a little bit surprised that the Left would be so perplexed at seeing Trump beating Biden even with the economic news that we are getting. The VAST majority of Americans aren’t going to blame Trump for this simply due to the fact that we KNOW why it’s happening.
The news that we are seeing aren’t the result of a fundamental problem in our economic system or in the policies we are espousing. They are the result of a virus that has gotten people so freaked out as to shut down everything (and, again, this was negligible at best when it came to dealing with the virus) and the actions of relatively independent governors deciding to shut down their states to one extent or another.
It is only the hardcore, borderline actually insane Leftists that are blaming Trump for this whole fiasco. It’s only the Left-wing political hacks in the fake news media, Washington and around the country that are blaming Trump for any of this.
I hope that Furman’s prediction regarding the economy is what really happens. Models are generally always going to be wrong because no one can account for absolutely everything that could occur, but they can sometimes be useful in understanding at least one possible outcome.
Provided the country opens back up almost in full (New York might take more time, but even Cuomo himself has begun to talk about reopening), we should be seeing better economic news as time goes on. Here’s hoping that this is what ends up happening.
“Now faith is the assurance of things hoped for, the conviction of things not seen.”
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