Thursday, May 28, 2020

Good News for Trump from … Team Obama? | Power Line

Good News for Trump from … Team Obama? | Power Line
"There are quite a few raised eyebrows about today’s story in Politico with the headline “The General Election Scenario That Democrats Are Dreading.” 
The story is built around the economic forecast of the former chief economist for President Obama, Jason Furman, who is now a professor at Harvard.
...so when he has an optimistic view of how the economy is going to do over the summer and into the fall, you can understand why it is giving Democrats heartburn. 
From the article:
In early April, Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties. 
The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. 
The economic carnage seemed likely to doom President Donald Trump’s chances at reelection…
Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim. “We are about to see the best economic data we’ve seen in the history of this country,” he said…
...Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic. “...

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