Politico reports that Barack Obama’s former economic adviser, Jason Furman, has been terrifying Democratic colleagues with predictions that the next few months could bring “the best economic data we’ve seen in the history of this country.” The downside of millions of Americans rejoining the workforce, Democrats fear, is that President Donald Trump could take credit in the final weeks of his reelection campaign.
Furman has been making his case to Democratic policymakers who served in the Clinton and Obama administrations, as well as senior members of Joe Biden’s presidential campaign. Many are understandably panicking at the thought of the American economy starting to rebound.
“This is my big worry,” a former Obama White House official told Politico, adding that positive economic data heading into November was a “high, high, high, high,” concern among Democratic Party leaders. The official said a growing economy was the biggest challenge for the Biden campaign and said, “If they can’t figure this out they should all just go home.”
Biden’s campaign is reportedly “very much aware” of the devastating impact a booming economy could have on Democratic politicians. Recent polling suggests that, even amidst the economic turmoil caused by the pandemic, Trump is still viewed as the better candidate when it comes to handling the economy.
This is the prism through which you should view all their policy proposals for the next six months or so.
If the lockdown was about our health, they should be happy, not sad.